The Anker Hostel is located in the central area of the city, making it easy to reach the most popular attractions and sights, such as Karl Johan. A variety of restaurants and cafes are located in the area near the hotel. Shopping venues are also situated throughout the area. Oslo Central Station is located only 800 meters from the Anker Hostel. There are 3 tram stops located within 50 meters of the hostel. The airport is 45 kilometers from the hotel.

Each of the units at the Anker Hostel features a kitchenette. Baths at the hostel have showers. There are 115 rooms, most with dorm style accommodations. Rooms are not en suite.

Amenities available at the hotel include a café bar serving light meals, laundry room and snack shop. The hotel also loans kitchen equipment and alarm clocks. Public areas of the hostel have free WiFi. There is also a shop at the hostel. This is a smoke free property. Housekeeping is available at the hostel.