I could not find any information on homestay in Rishikesh but here are some budget hotels you can take a look at.
Despite the fact that budget travellers are restricted by finances, they are free to experience the city like a local. From eating at local restaurants and staying at family-run homestays – budget travellers experience the best of Rishikesh tourism. If you are a budget traveller planning a trip to Rishikesh, here are a few budget hotels:
Rudram Hotel and Retreat
Swiss Cottage and Spa by Salvus
60’s Green Hills
Divine Ganga Cottage
Hope this helps.
Hi Aditya Apart from homestay, you could also check Vanprastha Ashram. Very clean and organised. Had stayed for a week for Rs 400 per night in a private double bedded room where there is a kitchen, a fridge and a geyser. The ashram is located at Janki Jhula. Thanks!