The two-star Hotel Monaco, located south of Central Station, offers reasonably priced rooms with a bed and breakfast charm that sometimes veers into kitsch.

The Meininger, just a ten-minute walk from Central Station and the Oktoberfest fairgrounds, offers fresh and simple dorms and private rooms at decent rates.

The smoke-free Hotel Royal sits on the border between Schillerstrasse's tourist land and a seedier side of town.

Located near the Oktoberfest grounds and a ten-minute walk from Central Station, Hotel Jedermann is a popular and friendly pick.

The witty architect who designed the Creatif Hotel Elephant picked the name because of his fondness for all things pachyderm.

Situated just north of Central Station, the 76-room Alfa is a family-run three star hotel that has been offering rooms at reasonable rates for more than 35 years.

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.

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.