Best Answer - Chosen by Asker
As the others have said, it's a bit of a trade-off between convenience and expense in the city centre - most of the sights are within or just off the Ringstrasse (the site of the old city walls, more or less followed on three sides by U-Bahn line U2), where most of the modern and relatively expensive hotels are likely to be found - though you can find some two-star hotels and pensions in this area. Alternatively, public transport is one of the cheaper things in Vienna - you can get a 24 hour ticket for €5.70, 48 hours for €10, 72 hours for €13.60 (single ride ticket costs €1.70), and you can use the U-Bahn to get into the centre in 5-10 minutes.
I personally prefer to stay in some of the older hotels near the Mariahilferstrasse or Westbahnhof areas (postal code 1070) which are convenient for U-Bahn line U3. Because they offer a mixture of sizes of rooms and facilities (baths, showers, en-suite toilets, or not) the older hotels tend to have a wider range of prices - the hotel I usually stay at, the Fuerstenhof on Neubaugurtel, which is practically opposite the Westbahnhof railway station is quoting prices for single rooms of 49 - 99 euros a night this year, depending on facilities and they give a 10% discount for email reservations.
You might like to compare prices and locations of some different places on the "Vienna Hotels Online" site
Enjoy your visit - the research I've done on this question has made me want to visit again! :)
Source(s):
- Asker's Rating:

- Asker's Comment:
- Thank You a million!All info what I was hoping for!Best wishies!!!