I was going to be in Munich on a brief research trip and wanted reasonably priced lodgings within walking distance of the Bavarian Academy of Science where I'd be working. A colleague recommended Hotel Blauer Bock, across the street from the Viktualienmarkt, 5 minutes from Marienplatz in the heart of the city, and only 5 minutes more to the Academy. It was a very good choice: the cost is fair for what you get (including free internet if you book online), I found the staff accommodating, and the breakfast is ample and satisfying (*excellent* coffee). My single room was definitely bare-bones, but I wasn't going to be in it to do more than sleep (which I did, very well) and didn't need to pay for plush extras I wasn't going to use. If you know what to expect, you won't be disappointed.