Finding a place to stay for the Olympics is a challenge. Booking a room can be complicated as many entire hotels have been snapped up by the International Olympic Committee or are working on an exclusive-use deal with them.

It looks like the "We" of the growing Collaborative Age movement is taking over for the "Me" of the Industrial Age more all the time though.

Today, Queen Elizabeth II approved renting out her apartments at St. James's Palace during the 2012 Olympic Games. A nice step in the right direction.

$47,500 a night will get holders of "royal warrants"(long-standing ties to the Royal Family) will get a nice London flat.

Don't want to pay $47,500? Not even sure what "royal warrants" are?

Our friends at Airbnb have you covered with over 2,000 listings in the Greater London area. The Airbnb London collection features spacious homes, apartments and floatels (houseboats) throughout the city that will be a welcome retreat for those visiting London to cheer on their favorite athletes and partake in the Olympic festivities.

Filed under: Festivals and Events, Europe, United Kingdom, Hotels and Accommodations