As long as you don't mind staying a 10-15 minute walk out of the old city - this place is excellent value.
It's an easy walk to the old city (as long as the weather's good) and you can arrive to the waterfront in under 10 minutes.
We had a fridge in our room and there was a well equipped kitchen to use as well as a nice terrace upstairs where you could sit on for a glass of wine. Our double room was fairly basic but excellent value, especially relative to prices of other places in the area - we paid roughly $20 a night in total for it.
A big well stocked supermarket is a 5 minute walk away and the bus station is only a 5/10 min walk as well so this is pretty convenient for visiting Kotor, Dubrovnik etc.
If staying in the old city isn't important to you, then this is a solid budget option.
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