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Bunk stay and zostel are a couple of good hostels where I have personally stayed.
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Will share a few tripoto links written by travellers pertaining to their travel and stay in Rishikesh. See if it is suitable for your travel. https://www.tripoto.com/uttarakhand/trips/a-rejuvenating-stay-cation-experience-rishikesh-scribavelling-5cfbd205d13ad 5 Best Camping Spots In Rishikesh For Every Type Of Traveller
https://www.tripoto.com/uttarakhand/trips/5-of-the-best-places-to-camp-in-rishikesh-59a16f896afcc The adventurous River rafting and camping in Rishikesh under INR 4000
https://www.tripoto.com/uttarakhand/trips/the-adventurous-river-rafting-and-camping-in-rishikesh-under-inr-4000-59514c507c1a0 https://www.tripoto.com/uttarakhand/trips/bud-why-should-you-stay-in-rishikesh-s-most-happening-hostel-right-now-5bd1d2e50b2c0 https://www.tripoto.com/india/trips/amazing-trip-5ce4f03f95fe8
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If you are looking for a budget friendly option, go for zostel, go stays or a similar property like "the hideway bedzz" (I recently stayed here) :
https://www.leisurehotels.co.in/the-hideaway-bedzzz-rishikesh/
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