Ateneo Hotel
This economical and somewhat dated property is set in an 18th-century building that once housed the Ateneo, a club founded in 1835 to promote freedom of thought. Rooms are basic but well-lit, and some have sloped ceilings and skylights. Small groups can spread out in the triple and family rooms. At these prices, it's a privilege to be minutes from the historical sights and throbbing discotecas (even if the latter may keep sensitive sleepers awake).