Everyone knows a trip to New York City can be expensive, but the lure of the city is often stronger than our abilities to control our spending. With that in mind, it’s important to find an affordable hotel so that you can save your hard earned cash for trips to the theater, museums, and any other New York City destination you’ve been dying to visit.

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Times Square is one of the most popular sections of the city – famous around the world for the New Years Eve ball drop and for being the location of the taping of several global television sensations, including MTV. So where does someone who wants to stay right in Time Square start when searching for a hotel?

8. The Michelangelo Hotel

The Michelangelo Hotel on West 51^st Street has existed in Manhattan for almost 100 years. Originally known as the Taft Hotel, the establishment has a classic European décor which is regularly livened up with fresh flowers and charming furnishings. Make sure you make time to dine at Insieme if you stay here. The contemporary Italian dishes served here will leave your mouth watering for more.

7. Amsterdam Court Hotel

The Amsterdam Court Hotel is a chic and contemporary hotel destination giving visitors round-the-clock access to Times Square. The espresso and coffee machine in the lobby is available to guests 24/7 and the in-house restaurant serves some of the most stunning Japanese-Italian fusion you’ll ever taste.

6. Best Western Hospitality House New York

The Best Western Hospitality House New York is perfect for visitors who plan to spend an extended period of time in the city. The rooms include a full kitchen, a living room, a spacious bathroom, and can be booked with either one or two bedrooms depending on the size of your party. The amenities and accommodations here are superb. Your room will be equipped with a flat screen television, an iPod docking station, and even a white noise machine for those who have trouble sleeping in strange places.

5. Wellington Hotel New York

The Wellington Hotel New York is another hotel found smack in the middle of the theatre district in New York City. The hotel seems to have a vibrancy of its own, only magnified when the Great White Way (aka Broadway) lights up at night. The concierge and staff are friendly and attentive and despite the hotel’s downtown location you’ll find yourself in a pleasantly peaceful environment at the end of the day.

4. Best Western President Hotel New York

The Best Western President Hotel New York is located right on Broadway and welcomes visitors from all around the world. Visitors on vacation will enjoy the fact that they are only moments away from some of the city’s most lively attractions, including theaters, Rockefeller Center, and Fifth Avenue. Business travelers will find they are only a short cab ride from the Javits Center, Fahsion Avenue, and a number of other commercial destinations.

3. Edison Hotel New York

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The Edison Hotel New York is an incredible art deco hotel found right on Broadway in the theatre district of Times Square. The hotel is within walking distance of any theatre in the area. While the rooms are relatively small, they’re incredibly comfortable, clean, and reasonably priced. Those who enjoy the New Jersey/New York diner experience will appreciate the little diner attached directly outside the hotel as well.

2. The Time Hotel

The Time Hotel was designed by Adam D. Thihany and aims to appeal to the get-up-and-go lifestyle embodied by most of today’s modern travelers. All of the rooms in the hotel are decorated in red, yellow, or blue and the bright yet warm colors are only soothed by the amenities that were chosen to provide contrast. The rooms are fresh and clean, the atmosphere luxurious, and the cuisine at the Serafina Restaurant is – well – simply to die for.

1. Night Hotel

The Night Hotel in New York City was designed to embody all that is beautiful about the ark of night. The black and white motif adds an incredible touch of class. Night is considered to be one of the more upscale boutique hotels in the Times Square section of the city, but one you won’t regret visiting. Luxury meets comfort here with 400 thread-count Egyptian cotton sheets, soft feather duvets, and 37 inch plasma televisions. It’s the perfect place to relax after a long day exploring the city.

Times Square is, quite possibly, one of the most visited areas of New York City. Finding an affordable hotel in the area is something that most visitors only dream of. Book early and make your own New York City dreams come true!