Pension Vltava offers a fine stay as it is reliable for really cheap, really basic and very clean rooms. It is great to know about for very cheap breaks to see the city or see a concert, and flying visits when you haven't booked anywhere.
It's also good if you need to to save money and have a private room if you are just passing through the city and need a place you can rely on for a cheap room which is clean.
This guest house happens to have a tiny coffee shop and bar which stays open all night every night and is really cheap. You can relax with tea or coffee, beers, wine, cognacs or becherovkas back in your room at any time.
I recommend this place. I have nearly always got a room when enquiring on the same day (it is a quite a large guest house). The price is around £11 to £14 for a room for one person per night with very clean common shower and loo.
For those who don't know the city and especially for those to whom the central places are familiar, for the lowest budget place to stay the guest house is ideally placed. It is around eight to ten minutes on a tram from near the guest house to central areas. Around it are a few interesting bars and cafes. There aren't very many tourists around here though the area is quite nice and fresh if you know Prague, except backpackers and younger travellers are noticeable as Sir Toby's travel hostel, Extoll Inn, a few other guest houses and a Czech H.I. travel hostel are around here.
The river where it bends is just over five minutes walk away and it is a pleasant walk into the centre along the riverside from near Pension Vltava. Set aside a couple of hours for a great walk across the river, away from the city, to a leafy part on the outskirts of the city, to the Trojska Chateau gallery and courtyard cafe in summer, Prague Zoo and the lovely Botanic Gardens.
It is ideal to walk here, if you have the time, and better than taking a tram, though you can eaily go by tram. Either way, it is a quiet part of the city which is lovely and I really recommend it.
A good walk away of over ten minutes is the nice Cafe Lisbon on the main riverfront road, which has characteristic pizzas especially and is good for drinking at. Just over ten minutes in the opposite direction, toward Stromovka park, is the Absolut Hotel which has an unpretentious and quite minimalist, pleasant bar and restaurant. The Mecca Music Club is a few minutes walk from the guest house. Not far, good food at a good price in the restaurant of Hotel Henry, U Papírny.
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