The two-and-a-half-pearl Residency Hotel offers modern accommodations with solid value in central Mumbai. The property is within walking distance of dining, shopping, and sights, including Victoria Terminus. Common areas have high-quality traditional decor, and while some of the 40 guest rooms are small, they're streamlined and tidy, and well-equipped with AC, flat-screen TVs, electric kettles, mini-fridges, and free Wi-Fi. The hotel offers a free hot breakfast that receives high marks from guests, and there's also an all-day cafe, 24-hour room service, and a lobby lounge with a foot massage chair. Travelers looking for rooms with decor that's a step up might want to consider nearby Abode Bombay. 

The 37-room Hotel Accord is a budget option located in Santacruz East, close to the airport and train station. The hotel provides free transportation to and from the airport, which makes it convenient for travelers passing through. Rooms here are a mix of run-down units and those that are a bit more modern, but all are air-conditioned and have free Wi-Fi. The more pleasant rooms feature bamboo furniture and tribal art, and add mini-fridges, electric kettles, and snack baskets. Breakfast is free, and although the hotel doesn't have its own restaurant, room service is offered around the clock. A lovely rooftop terrace is a nice place for hanging out, though the area isn't exactly scenic. As an alternative, the Midland Hotel next door is similarly priced and appointed. 

Hotel Travellers Inn's excellent location in South Mumbai's Ballard Estate neighborhood makes it a great option for backpackers and other budget travelers who want to stay in the heart of things but don't have the means to drop a small fortune at one of the snazzier area properties. There are 20 rooms here (including two dorms); some units have air-conditioning and even rainfall showers, but overall they are bare-bones. Facilities are limited to free hotel-wide Wi-Fi, a super simple breakfast, and free on-site parking, though given that the vast majority of those who stay here are international backpackers, the internet gets more use than the parking. Budget travelers looking for something a bit nicer may want to consider the nearby, two-and-a-half-pearl Residency Hotel for free breakfast and contemporary rooms.