The four-star Hotel Astor, located in a colorful area south of Central Station, has nowhere to run from the sex shops and strip bars in this part of town.

The massive, 201-room Tryp Hotel towers over the busy Paul Heyse Strasse near Central Station.

The four-star Hotel Concorde, part of the Tulip Inn hotel chain, is a Cheapo honorable mention for its surprisingly reasonable rates and its prime Old Town location.

Boasting a posh setting on a quiet street near the English Gardens, the beautiful Hotel Opera is a four-star show-stopper.

Situated in the heart of Old Town and minutes from Marienplatz and Hofbräuhaus, the four-star Hotel Platzl is an authentic Bavarian lodge with plenty of luxurious extras housed in a 17th-century building.

On a tiny street in the center of Munich's gorgeous old town is Pension Lindner, one of the least expensive and most reliable city-center pensions in Munich.

Located inside the English Gardens (Munich's largest park), where birds sing and water streams, the Hotel Gästehaus Englischer Garten seems plucked from a German fairytale.

It's all about location at the simple and friendly 20-room Pension Locarno.

Housed in a demure yellow building with a foundation dating back to the 12th century, the Hotel Blauer Bock is a diamond in the rough in one of Munich's old and touristy hoods.

Munich’s CVJM/YMCA is a good pick for Cheapos who want a hostel without the party scene. Rooms are bare-bones basic, but the rates and the central location are hard to beat.

Pension Haydn offers 15 rooms in an apartment building on a quiet, leafy side street near the restaurants, cafes, and tourist attractions clustered around Sendlinger Tor.