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Not only is Mexico City one of the most exciting cities in the world, but it can also be one of the most affordable when it comes to accommodations. For around $75, you can find a double room in a fairly central hotel, including a bathroom and often air-conditioning and TV. Many hotels have their own garages where guests can park free.

The best hotel values concentrate in the downtown Centro Histórico (historic district), which has recently undergone a dining and nightlife renaissance. Luxury hotels are mostly in the two most popular areas for mainstream tourism: The Financial District, running alongside Avenida Reforma and near the Zona Rosa, attracts predominantly those in the city for business or shopping, whereas Chapultepec Park and the Polanco neighborhood are ideally located near museums and other cultural attractions. Hotels in these zones not only offer more deluxe accommodations and amenities, but also generally have their own fleets of taxis and secured entrances for guests. The crime rate, though on the decline, is still quite high; visitors should consider staying in the most secure accommodations they can afford.

If you're looking to save a few bucks on accommodations and to meet a few fellow travelers in the process, consider one of the city's budget hostels. The Hostal Virreyes, Izazága 8, Colonia Centro Histórico (tel. 55/2141-8087; www.hostalvirreyes.com.mx), occupies a large, impressive Art Deco building near the Centro Histórico; and Hostal Condesa Chapultepec, Cozumel 53-A, Roma Norte (tel. 55/5211-1024; www.hostelcondesachapultepec.com), a cozy two-story former residence smack between Roma and Condesa, is another great, affordable option. Both offer private rooms in addition to dorm-style accommodations.

Weekend Deals -- Traveling business professionals make up most of the clientele of the top hotels, which often offer substantially lower rates Friday through Sunday.

Note: This information was accurate when it was published, but can change without notice. Please be sure to confirm all rates and details directly with the companies in question before planning your trip.