>>London, as you can imagine, is about the most expensive city in England to visit or stay. I live just 57 miles away, on the south coast, and have friends and family in London, so I never use a hotel there, so wouldn't know. You could google "budget + hotels + london" to find out. There ARE some cheaper hotels more out of town but I've no idea what they charge. Are you considering visiting London then? It's more regular for Londoners to visit Istanbul :-)
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>There was an article in the travel section of the New York Times last Sunday focusing "affordable" hotels in London. They were in the range of 150-200 USD/night. Which is not so bad, I guess, to spend time in one of the greatest cities in the world. I have been around a bit and there are four cities I truly love: London, Auckland, Denver, and San Francisco.

Don't forget Oxford!