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The following travelogue gives recommendations for four areas of accomodation based on two people sharing a double room in High Season. Prices will be lower for single occupancy and Off Season.
a) Basic - Pension or Hotel up to 2000kc per night.
b) Comfort - Hotel 2000kc-4000kc per night.
c) Luxury - Hotel 4000kc+
d) Apartments within 5 min walk of the Old Town.
If you are looking to stay longer i.e. a month or more, look at Happy House Rentals. for a huge selection of rooms, flats and houses etc.
Enjoy your stay.
Pensions/Hotels 2000kc or less, very central locations.
Hostel Imperial Great location on the far side of Namesti Republiky. Recently refurbished and at U$33 for a double, it's good value. Shared bathroom facilities.
Travellers Hostel. Great location, clean and secure.
Unitas. Shared bathroom facilities.
Jan Hus House. A Christian Pension.
Hotels between 2000kc and 4000kc 10-15 min walk from Old Town accessible by metro.
Hotel Standard. A Large Pension building located on the river front between Charles Bridge and the "Dancing House". Great location for the river facing rooms.
Hotel Anna. (Vinohrady) Clean and smart place, friendly/family touches. Same area as the Hotel City.
Hotel City. (Vinohrady) large rooms, very good value as it charges just for the room but, if you want extras like a phone, fridge etc they have an extra charge.
Hotel Salvator. (Namesti Republiky) This one is my favourite. Tucked away in a little side street opposite Kotva. On the night tram lines, 1 min from Metro, 5 mins walk to Old Town, large rooms, has connecting rooms for family stay. In-House Argentinian restaurant. The "Sport bar" is where people make bets and watch races, not to play.
Hotels more than 4000kc rising to 8000kc. Very central locations.
U Pava and U Krale. Mainly recommended for U Pava (next to Charles Bridge) but also for U Krale Karla (at the top of the hill on Nerudova around the corner from the Savoy).
Domus Henrici. Recently refurbished, at the top of the hill (Nerudova) heading up to the castle.
Casa Marcello. The most expensive and maybe the most luxurious, most quiet location of the three.
Varying standards of apartments very centrally located.
Alabastr. @1000kc, More like a room with a kitchen.
Davids Flats. @2000kc (Stepanska only).
Metamorphis. @5000kc, 200 metres from the Old Town Square, entry from small square (Tynsky Dvur).
Ungelt. @6000kc, 200 metres from the Old Town Square, entry from side street.
The first two are good value for people wanting to spend time here and have a kitchen.
The last two are absolute diamonds for value for two people sharing. Ideal for a weekend or a week. Perfectly located within 50 metres of each other. Lots of space and well above average room decor.