Cheap hotels in Hradcany, Prague
Home to Prague Castle, one of the city's most visited sights, Hradcany is a relatively quiet neighborhood and a true gem. That said, accommodation here is somewhat limited. If you're not prepared to spend big, plan on going basic. But basic isn't all bad, particularly if you choose to sleep in the Novy Svet, an area which looks like a picture-perfect old-school Czech village.
In addition to the castle, Hradcany's hills house the Strahov Monastery, the high-baroque Loreto church and the Renaissance splendor of Schwarzenberg Palace. There's really no nightlife to speak of here, but easy tram access keeps the rest of Prague accessible.