Hotel Al Ponte Mocenigo is a beautiful Boutique hotel which is affordable, spacious and convenient. Everything in Venice is expensive especially near The Grand Canal. This hotel has restaurants and gelaterias near by. If you stay here and dine near by, it will be more affordable. You won't be able to take in the Grand Canal View, but you can enjoy the view on your Vaporetta ride.
The hotel has a great courtyard for breakfast and enjoying some well earned relaxation after a day of touring.
There were 4 of us and we rented a 2 Bedroom, 2 Bath apartment with a sitting area. The room was lovely and there was a speaker box which you must use to gain access into the housing quarters.
Bottom line, I would stay here again. Nice staff and an easy location.