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Accommodations in Budapest range from five-star hotels to youth hostels. In the countryside, there are inns, bed-and-breakfasts and farmhouses, all of which tend to be quite reasonable. The exception to this rule is around Lake Balaton, where the resorts are often old-fashioned and pricey—you can sometimes bargain the rates down. (There are also inexpensive campsites in the lake area that are open during the summer.) Read More ...

If you are going to Budapest during high season, be sure to reserve your room well in advance if you are looking for budget or midrange accommodations. Quite a few pensions have sprung up in the Buda hills in recent years that offer good value and fresh air. Rooms in private houses still offer some of the best bargains—they can be rented through the tourist agency, IBUSZ. You can even find good, reasonably priced accommodations in 18th-century castles in the countryside.< Show Less

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