Bananas hostel is definitely the place to be in Itacare! Very close to the different beaches, restaurants and bars. Very-laid back vibe! Meet some great people there!
Galeria 13 is a really good hostel! The staff is really helpful, and the breakfast is excellent. The area in which it is located is one of the safest in town, and has a lot to offer in terms of brazilian music, live band and dancing! Really good happy hour!
I stayed at Mango Tree for about 10 nights and I had an amazing stay there. The hostel is only a block away from Ipanema Beach, and other parts of the city are easily accessible by bus. The hostel has a very laid-back and fun vibe and is a great place to meet other travelers. However, what really makes the hostel incredible is the staff - very cool, fun and helpful! (Renata, Mateus, Richard & Michael - thanks for evrything!!!)
Tucano House is definitely the place to stay in Floripa! Cool place, fun vibe, good breakfast and good value dinner! The staff is extremely nice and helpful. They organize fun activities during the days so that you can see what the island has to offer, as well as nice party at night. Would definitely go back there! Felt like a 2nd home!