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Prague offers a wide selection of guesthouses centrally located or away from the center. A rule of thumb is: the closer to the center the more expensive. If you are looking for a central location, Pension Dientzenhofer is a true gem. It is set in a seventeenth-century building and only a few steps away from Charles Bridge.
The Bridge B&B in the Smichov neighborhood is easy to find as it is the only pink building in the street. If you would like to be close to Old Town Square, the heart of the city, Pension Corto provides a buzzing city atmosphere. It is located in the pedestrian zone between the New Town and the Old Town and surrounded by shops, restaurants and beer pubs. The rooms on the top floor offer an attractive view of the roofs red-tiled houses and Havelske open-air market.
With just seven rooms Kralovsky is a very homely B&B in the Vinohrady, a great neighborhood brimming with lots of wine bars, beer gardens and intimate restaurants. Try Botel Admiral for a nautical experience and feed the swans from your porthole.
Prague is a popular with a large choice of moderately priced accommodation. Here is a list that will help you find the best places to stay.