Oaks Hyde Park Plaza

This apartment-style hotel might win the award for the most spacious accommodation on a budget. Located on the corner of Hyde Park, the apartments offer fully equipped kitchen, sofa, dining area, and many of the units even have balconies. There is even a roof that features a spa, sauna, and gym ( under renovation until approximately mid-February 2013). Small studios start at $139, with larger studio options at just $149, while for $159 you can splurge and get a full one bedroom. Insider tip: ask for a higher-up apartment to avoid noise.