This won't be the cheapest option for you in Bangkok. There are certainly those littered on Khao San Road. But this is probably one of the cozier options. The rooms are clean and big enough. The downsides are the shared bathroom and some rooms don't have a window.
The staff are super friendly.
We've been here numerous times and have tried other hostels in Bangkok, but often come back here.
Also, Silom has some tasty food options - lots of Japanese food, good Thai food stalls/food courts. It is also just a 5-10 minute walk to either the BTS or MRT.