Staying in Hangzhou can be somewhat pricey, but cheap digs can be found. If you're planning to stay in budget accommodations during the peak season, be sure to call ahead and reserve a room.
Student dorm style rooms can be found at around 100 RMB a night for backpackers and those on shoestring budgets. Rooms at mid-range hotels tend to average about 450 RMB, while high-end hotels can charge up to 1300 RMB a night.