Downtown Hostel is central, just a ten minute walk to most sights and the coffeehouse-lined Ráday utca.

All-day espresso, a handful of computers, beds without bunks, plus a location parallel to popular Váci utca, help the Green Bridge Hostel stand out.

Low rates, a quiet vibe, and a second-hand bookstore next door make Red Bus Hostel popular among the bookworms—party animals, look elsewhere.

Perched on a quiet pedestrian street off of the bustling Váci utca, the City Hotel Pilvax, features numerous amenities at reasonable rates.

Hotel Kálvin Ház is a 10-minute walk from The Great Market Hall, the Danube, and the café-lined Ráday utca.

With great rates, classier-than-average atmosphere, and a spot on Kossuth Lajos utca in the central 'hood of Belváros, Leo Panzió is a true Cheapo find.

Astoria City Hostel does not stand out from the crowd, but reasonable prices and a very central location - on Rákóczi út - render it worth a glance.

The Cotton House is not a budget find by any means, but it is a bargain. With 22 rooms named and decorated for Hollywood stars, guests get a little more for their money here.

Located in a classy diplomat neighborhood, the Benczúr is close to Hero's Square, the City Park and the gorgeous Széchenyi Baths.

After a long day spent in the hustle and bustle of central Pest, the Ábel Panzió, perched in a leafy neighborhood, truly feels like an oasis apart.

The Kristal Hotel, located inside a charming grand old house in the quiet Buda neighborhood of Gellért-Hegy, is a peaceful respite from central Pest.

Mandragora Doubles are tranquil, Indian and Middle-Eastern influenced accommodations located right on the bustling Blaja Lujza tér.

Winning couple Maria and István rent out two rooms in their own apartment, as well as two rooms in a flat nearby, with genuine proprietary joy.

The charming Hotel Sissi maintains its namesake to Budapest's favorite 19th-century princess without getting too frilly in the process.

Hotel Corvin provides standard budget accommodation with a few pleasant backyard summertime surprises.

Rates are uncommonly low for the luxurious atmosphere the turn-of-the-last-century building housing K.M. Saga.

Although situated on a quiet street on the south side of central Pest, Hotel Thomas has a perky, colorful décor.

Housed in a pretty turn-of-the-century building close to the spa-heavy Margit Island, the City Hotel Ring features typical chain-style amenities across 39 standard rooms.