Where To Stay On A Budget For The 2012 London Olympics

Jury's Inn Croydon

Twenty minutes away from central London by train, Jury's Inn Croydon is a comfortable accommodation in south London, located near excellent shopping, beautiful parks, historical sites and fun nightlife. Some nearby attractions include the Tate Museum, Wimbledon Stadium and Lloyd Park. All rooms are air-conditioned with spacious bathrooms, high-speed Internet and wheelchair access. And for $31, you can get upgraded to a Superior Room.

Rates start at $144 per night. Click here to book.

Paramount Hotel London

Located in Kensington, Paramount Hotel London features 30 well-equipped rooms in a renovated Victorian building. Upon arrival, guests receive a welcome tray, which includes coffee, tea, milk, mineral water and biscuits. The accommodation is a short walk from many sites, like Kensington Palace, the Natural History Museum, Hyde Park, Harrods and The Science Museum. To easily get around the city and get to all the events of the Olympics, Earls Court Tube Station is only five minutes away by foot. When spending time in the hotel, guests can enjoy the onsite garden, free Wi-Fi and cable and satellite television. Moreover, to help with budgeting, there is a communal kitchen so guests can make their own meals.

Rates start at $151.54 per night. Click here to book.

London Visitors Hotel

Located in central London in the trendy area of Kensington and Chelsea, the London Visitors Hotel is a beautiful Victorian accommodation featuring 28 comfortable rooms. Guests of the hotel are in close proximity to the excellent restaurants and shopping of High Street Kensington, the picturesque Holland Park, the nightlife of Shepard's Bush and the tube station, to help travelers easily get to different areas of the city. And best of all, a complimentary continental breakfast is included in the stay.

Rates start at $119. Click here to book.

Warwick Lodge

The Warwick Lodge is a family-run guesthouse featuring comfortable rooms, flat screen televisions and coffee and tea making facilities. Likewise, the proximity to the city center makes it very convenient for exploring London. As it's a B&B, they offer a delicious breakfast of cereals, eggs, sausage, bacon, beans, toast and juices. The staff here is extremely friendly, and will go out of their way to make your stay pleasant.

Rates start at $125.30. Click here to book.

Cedars House Hotel

For those looking for a charming and friendly accommodation, Cedars House Hotel is a great option. Less than a mile from Croydon Station and a two-minute walk to the bus stop, you'll be able to get to central London in 15 minutes. Furthermore, complimentary offerings like Wi-Fi, free child stays, tea, coffee and breakfast make this a great accommodation for travelers on a budget.

Rates start at $127 per night. Click here to book.

London Guest House

London Guest House is a reasonably priced bed and breakfast in west London. It is easy to get to the city center, as there's a bus stop right next to the property with buses to the tube station running every six to eight minutes. Alternatively, you can walk to the station, which takes about 15 minutes. The staff is friendly and accommodating, and rooms are clean and feature comfortable beds. Moreover, there is a delicious breakfast set out each morning of muffins, toast, coffee, juices, cheeses, tea, jam and fruit, all served in a brightly-colored breakfast room.

Rates start at $136 per night. Click here to book.

Hostels

New Cross Inn Hostel

The New Cross Inn Hostel is a cheap, friendly and fun hostel located in south east London. Guests will receive free perks like breakfast, Wi-Fi, hot beverages, linens, towels, luggage storage and ear plugs. Moreover, a common room with Sky TV, mini-library, plush sofas, two kitchens and in-room refrigerators make this a very comfortable hostel. Their largest room is an eight-bedroom dorm, but for more privacy you can opt for a four-person room.

Rates start at $50.96 per person, per night for an eight-bedroom mixed dorm. Click here to book.

St. Christopher's Inn

Personally, this is one of my favorite hostel chains for traveling in Europe. In London, I stayed at the London Bridge – the Village location, although St. Christopher's Inn has various properties around the city. The Village was named "best hostels in London," and is centrally located on the energetic Borough High Street. This is great for when you're not watching the Olympics and want to explore the other things London has to offer. The hostel is within walking distance to the Borough Market, the Tate Modern, the London Eye and the Thames River. While this location tends to be a bit of a party hostel, you can find a quieter reprieve at St. Christopher's Inn on the same street. The biggest room is a 14-bed dorm, and private rooms are also available.

Rates start at $78 per person, per night for all dorms. Click here to book.

The Walrus Waterloo

The Walrus Waterloo is a centrally located hostel near Big Ben, the London Eye, the Houses of Parliament and Waterloo Station, making it convenient to get to and from the Olympic Games. Guests will enjoy free perks like Wi-Fi, linens, a free city tour and an expansive breakfast. For those who want to socialize, there's an onsite bar with discounted drinks and a lively atmosphere. Moreover, this is one of the best hostels for customer service, and staff can provide great tips and itineraries for exploring London. Depending on what you like, the property offers a range of rooms, from 16-bed dorms with en suite showers to private rooms.

Rates start at $51.72 per person, per night for 16-bed dorm. Click here to book.