Try Pension Schnee, it is right up on the mountain, so super convenient for skiing.

We found it good value, and the Yen has dropped even further since our last visit. Excellent breakfast & dinner.

Try "Haus St Anton" , it's great atmosphere, great hosts and delicious food! Indeed, the Yen dropped, so should be within your budget!

We stayed there with whole family and liked the hotel a lot! in the centre, not far from elevator to ski-area

Can recommend Lodge Nagano, which can be booked through Nagano Ski Tours: www.naganoskitours.com. We stayed there earlier this year and we are returning again in January 2008. The staff at Lodge Nagano ensured we experienced the best Nozawa had to offer.

I have found Larissa at Nagano Ski Tours especially helpful and she will be able to find you accommodation within this price range even if Lodge Nagano is fully booked.

The guys at www.welovesnow.com would probably be able to advise you. They have been very helpful with our arrangements to Nozawa.