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Cheap bed near La Clef venue?

Hope to see a concert at La Clef (http://www.laclef.asso.fr/index.php) (46 RUE DE MAREIL) and am looking for a cheap place to stay nearby -- hostel or cheap hotel for 2 people for 1 night.

Suggestions?

I do not know the area very well -- will be heading there on the way out of Paris to see the show.

What type of venue is La Clef? Would you recommend it?