Prague offers a number of hotels and places to stay to its visitors that range from fine luxury hotels and budget hotels to traveler’s hostels and youth hostels. If you are looking to be in the centre of most attractions, the Old Town Square is the best area to stay in.
Four Seasons, Intercontinental, President, Hilton Prague Old Town, Alcron Hotel and Hotel Paríž Praha are among the high-end accommodations available in Old Town Square of Prague. Radisson SAS, Sheraton, Marriot, Leela Kempinski and Ramada are a few 4-5 star accommodations available close to the New Town and the National Museum. Holiday Inn Airport Hotel, Diplomat Hotel Praha, and Courtyard Prague Airport are located at a close distance from the Ruzyne Airport.
Don’t be disheartened though, there are budget options in the city, mainly in the form of private rooms or hostels. Based near the international railway station and the airport are accommodation agencies (Agentura Kirke, Stop City, etc) that can arrange for you to stay in private accommodation, at fairly reasonable rates - you could also stay with a family, a good way to experience Czech life at close quarters.
Another way to experience Prague like a local is by renting a self-catering apartment. Oh-Prague provides over 300 apartments across the city, all within the reach of the main points of interest. So all you have to do is decide which neighbourhood is best for you.
There are a number of traveler’s hostels, as well as youth hostels, across the city, and while both may not be provide the height of luxury, but they at least provide you with a roof over your head. Arpacay Hostel, Hostel One Prague, Royal Road Residence and Prague’s Heaven are only a few hostels in Prague that offer cheap accommodation. In addition, Karolinum (Prague University) rents out more than a thousand student rooms during the summer vacations, June to mid-September.
Wherever you are, given the walking proximity, you are always a short walk away from most major attractions.