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You can tell Lima is a backpacker-friendly city. Not only people is friendly actually to tourists, but there are plenty of low-profile places where you can eat for almost ridiculous prices (between US $3 to $5 for a complete menu combo), and transportation fares are cheap (up to some US $0.50 per trip). But the best of all, there are many decent and good bed&breakfast and youth hostels available for those traveling the world the affordable way.
Most of these Bed and Breakfast places are located in Miraflores, and this is easy to understand: this Lima district is acknowledged as the most tourist-friendly and concentrates many services, restaurants, shops, attractions, and nightlife spots.
We have listed some of the best Bed and Breakfast places, and we do hope that this list will be useful to you.
Starting in Miraflores, one of the most conspicuous is Che Lagarto, but there are other good options, such as Pucllana Lodge, Enjoy Hostels, Condor House, Eurobackpackers, and 151 Backpackers.
There are also an interesting option in San Isidro, right in the middle of the way between Lima and Miraflores, like Youth Hostel Malka San Isidro. Barranco district has some excellent bed and breakfast places, like 3B Barranco and Aquisito, popular due to their excellent service. And, last but not least, there is one outstanding backpackers place in Lima Downtown: 1900 Backpackers Lima.