Last night I needed a hostel quickly without any background research and I rang and they had a bed for 45pesos, within the typical range for the San Telmo area.
Place was shabby, dimly lit and dirty looking, beds and sheeting are old, blankets look like they haven't been washed, my first bed consisted of two worn saggy mattresses. Then the regulars came in and out of the first room I was in to store their personal stuff. So it clicks, this isn't a tourist hostel, it's a hostal.
I am though very very grateful to a man in the hostal who found my camera that I left behind in the first room I was in.
So do not consider this hostal as a cute touristy hostel, it is not. But for their asking rate this place is way overpriced, 15 pesos a night would be appropriate.
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