For those willing to trade a convenient location for style, the UNA Hotel Vittoria is Florence's best value. It may not be within walking distance of tourist sights, but prices are very fair for what you get, and the hotel offers loaner bicycles and a free shuttle to the train station. The 84-room property features funky, eclectic decor: Plastic furniture can be found in common areas, while Renaissance-style paintings adorn dark, atmospheric hallways.

This affordable 16th-century property features a distinguished facade -- and an impressive history to match. Together with the famed Spedale degli Innocenti building, it forms one of Florence's most stunning Renaissance-era architectural complexes. Beautiful arches and columns make for an impressive exterior and the feeling of grandeur continues inside, with wood-beamed ceilings and parquet floors throughout. Rooms aren't quite luxurious, but do feature antique furnishings, flat-screen TVs, and air-conditioning. The small, plain bathrooms are a bit of a letdown. The hotel's location on the Piazza della Santissima Annunziata puts it close to many tourist sights, but some guests may feel uneasy about the homeless people who linger in this popular square. Still, it's one of the best options in Florence in this price category.

This 77-room hotel sits in a quiet locale that's a bit removed from Florence's main attractions. A major draw is the rooftop terrace with small, seasonal pool and bar that overlooks the Tuscan hillsides. Some rooms are a steal at their price and feature bright accent walls and stylish adornments such as gilded mirrors. Flat-screen TVs add a modern touch. Overall, this hotel is a decent value, with perks such as free daily breakfast and free Wi-Fi.

This B&B offers a great location just 21 yards from the Duomo cathedral (with lovely views of this gorgeous landmark from some rooms) and within walking distance of restaurants, shops, and museums. Checkered fabrics and classic Italian furniture make for an authentic old-world vibe, There are tube TVs and tiny showers, but the price is right. Rooms do feature pretty parquet floors, stocked mini-fridges, and work desks. Those on the tightest budgets can opt for no-frills rooms, with shared bathrooms and no air-conditioning. Free Wi-Fi, free breakfast, and free coffee add up to a good value.