There are dozens of guesthouses and hotels in Flores, and all of them are dirt cheap compared to Belize. We really adored the Hospedaje Dona Goya II (not to be confused with the original Hospedaje Dona Goya, which is half a block down the street).
This gleaming new structure has fun, funky architectural elements that really make it charming. The rooms are spacious and airy, with private baths and hot water. Some even have A/C!
The crowning glory is a rooftop terrace with a thatched palapa roof and hammocks, all overlooking the magnificent lake and surrounding hills, and the beautifully ramshackle city below.
We paid $11 per night for a double room without A/C. Add around $10 per night if you want that luxury. No credit cards!
Breakfast is served down the street at Dona Goya I, and you can visit my Tikal Guide for other restaurant recommendations in Flores.
From journal It's UnBelizeable!