From the cheap and dingy to the deliciously plush and all in between, Chengdu has it all. Surprisingly enough, it's not too hard to find rooms in relatively luxurious hotels for very reasonable prices.
Many of the city's hotels are located on or around the North-south axis that is Renmin Lu. Getting around the city is fairly inexpensive so make a choice based on hotel facilities or price without worrying too much about transportation costs.
There are also a number of hostels scattered about town that offer bargain prices for those on tight budgets. Not all hotels are certified to receive foreign guests, so don't be offended if you are rejected without explanation.