The Old Town is a pearl and a must see definitely. But don't just stick inside the fort, get out on the shore and stroll around, visit the dancer figure right in front and take funny photos :))
The Old Town of Budva is very scenic. Take a walk along the waterfront and see the walled city and harbour.
Citadel Inside, Museum of the Citadel History, Hydrographic chart, Miniature Ship,
and used a things at that time.
It is nice to take a walk along the sea shore. Not far from the Old Town, you will spot the Budva harbor. There are many boats to be seen, especially during the tourist season.
I didn't have a chance to visit it, but I was told that the museum takes you on a wonderful 'trip' through Budva's history.
Don't miss the big anchor and bell, sorry, can't remember what they related to but everyone takes a pic with them ;))))
St. Stephan is an ancient fortress, 10 minutes drive from Budva. St. Stephen the most expensive tourist resort in Montenegro.