A well-run hotel with low nightly rates and decent, friendly owners is a gold mine for budget travelers. The 35-room Celtic Hotel is one such star of a hotel.

The Luna & Simone is a splurge-worthy gem, offering reliable three-star rooms, a superb location and some of the firendliest service you'll find in London town.

The Ibis London Euston, conveniently located minutes north of Euston Station and the University of London, provides top-notch two-star rooms filled with convenient amenities at an exceptional price.

One of a number of Astor Hostels in London, the 100-bed Astor Museum Hostel has one of the best locations we can imagine.

The 100-bed Astor Quest Hostel is a basic hostel geared toward the young, unfussy backpacker. It's not the lap of luxury, but it benefits from a social atmosphere, great location near Hyde Park and affordable rates.

The name of the hotel, Arosfa, means “a place to stay” in Welsh. We might suggest that another Welsh word, one meaning “gorgeous and lovely place good for value-hungry visitors” be applied as a replacement.

Yet another beautiful bed-and-breakfast along Cartwright Gardens, the budget-friendly George Hotel is in a quiet area less than a 10-minute walk from the British Museum.

Drop your bags at the Mentone Hotel if the words "homey," "intimate," and "off the beaten path" hit the spot.

In design terms, Paddington’s 39-room Stylotel is utterly unique. Rooms have a metal-and-plastic design that looks like a theater-set version of the future.

The Seven Dials Hotel is a cramped two-star spot in just about the best location possible, smack-dab on Monmouth Street in one of the cutest—and most crowded—corners of London’s West End.

A simple B&B in sought-after Kensington, the Vicarage Hotel is not exactly Cheapo, but worth the splurge for travelers looking for a homey spot and a sought-after location.

With a friendly staff and appealing rooms, the lovely Amsterdam Hotel is a rare, splurge-worthy gem on the rather ho-hum London hotel scene.