I backpacked through Thailand for 3 weeks, staying in hostels and guesthouses along the way which ranged in price from 125-500 bhat/night (more expensive in the south). I arrived in Chiang Saen by bus from Chiang Rai. The town of Chiang Saen is beautifully located and full of friendly people. I was not able to find much information about hostels or guesthouses and this was the first one I found. The hostel is located within walking distance of the bus stop (turn left at the main intersection, walking along the Mekong river). I liked the location (just across the road from the Mekong river, with a beautiful sunrise in the morning). The room cost 250 bhat/night (there are rooms as low as 175 bhat but not available when I was there).
Unfortunately the rooms themselves leave much to be desired. Of all of the places I stayed, this is the only one that seemed truly dirty, and I was glad I had my sleep sheet and didn't need any extra blankets. There was a constant stream of of ants that ran up and down the bathroom wall (I am told they are attracted to the vine which grows on the roof). However, the thing that really grossed me out was the hundreds of dead bees/wasps which were trapped between the glass and the screen in the bathroom window (filling the screen nearly halfway). I almost couldn't bring myself to shower in the bathroom. I lay down to sleep late at night (after 1am) but there was still a lot of loud music and yelling from the bar on the next block which finally quieted down sometime after 2am (this was a weekday).
Chiang Saen itself is a beautiful city located on the Mekong River. There are many ruins of temples from the Lanna kingdom and the yummy food stands at night along the river. There are limited options for places to stay, nonetheless, I cannot recommend this place. If anyone finds a good place to stay in Chiang Saen, I would love to hear about it for my next trip.