Hotel prices in Florence have tripled in recent years, and they continue to rise annually. There are some affordable lodging options for budget travelers, though it is recommended to book ahead when visiting during the peak seasons (March-July, September-November, Christmas).Frommer's: Florence Hotels Overview

With its "simple" yet elegantly decorated rooms, the Residenza Johanna I is hailed by Fodor's as a "tremendous value for quality and location."Fodor's: Residenza Johanna I Each room comes with a private bathroom, small fridge and internet access.

The hotel is within walking distance of the Basilica di San Lorenzo, home of the Medici Tombs designed by Michelangelo.

The Instituto Gould is located in a 17th Century palazzo run by Italian Protestant Churches.Official Site: Foresterie Valdesi All proceeds generated by the Gould go toward helping children in need, and though Frommer's argues that it is not exactly a hostel, it is the "best hostel-like" accommodation in the city.Frommer's: Instituto Gould

While planning your trip, please see Florence Hotels, Florence Vacation, Florence Restaurants and Florence Tours.

• Residenza Johanna I Phone: 39-55-481-896 Google Map
  • Fodor's Choice: "Savvy travelers and those on a budget should look no farther, as this residenza is a tremendous value for quality and location."

• • Lonely Planet Top 5 Pick: "Guests love the Johanna not just for its reasonable prices; it's the cosy rooms and thoughtful touches that win hearts and minds."
• Hotel Abaco Phone: 39-55-238-1919 Goggle Map
  • Frommer's Very Highly Recommended: "[E]ach room is themed after a Renaissance artist, with framed reproductions of the painter's works and a color scheme derived from them."

• • Lonely Planet Selection: "A friendly Calabrese couple runs the place with admirable efficiency, yet take time to make you feel at home."

• Hotel Albergo Merlini Phone: 39-55-212-848 Goggle Map
  • Frommer's Highly Recommended: "Run by the Sicilian Gabriella family, this cozy third-floor walk-up boasts rooms appointed with wooden-carved antique headboards and furnishings..."

• • TripAdvisor 3.5 Rating (Note: Community rating; may change)

• Hotel Cestelli Phone: 39-55-214-213 Google Map
  • Lonely Planet Top 5 Pick: "Currently it feels like a Victorian apartment that has been redone for contemporary tastes..."

• • TripAdvisor 4.5 Rating (Note: Community rating; may change)

• Hotel Dali Phone: 39-55-234-0706 Google Map
  • Lonely Planet Selection: "[Y]ou can sense the care that the owners take to ensure that their guests feel welcome in this traveller's refuge, from the impeccable housekeeping to the thoughtfully decorated rooms."

• • TripAdvisor 4.0 Rating (Note: Community rating; may change)

• Lonely Planet: Florence Hostels
• Hostelz.com: Florence Hostel Reviews

• Istituto Gould Phone: 39-55-212-576 Google Map
  • Frommer's Recommended: "These are the best hostel-like accommodations in Florence, without a curfew, lockout period, or shower charge..."

• • Lonely Planet Selection: "If you cringe at the thought of hostels but are working with a tight budget, consider this fine budget option in the Oltrarno."

• Hostel Archi Rossi Phone: 39-55-290-804 Google Map
  • Lonely Planet Selection: "From a DVD library to free, American-style breakfasts, this is about as cushy as hostels get."

• • TripAdvisor 4.0 Rating (Note: Community rating; may change)
• Ostello Gallo d'Oro Phone: 39-55-552-2964 Google Map
  • Yahoo! Travel 4.5 Stars (Note: Community rating; may change)

• • TripAdvisor 4.0 Rating (Note: Community rating; may change)