I'll be honest about this place. It is a dingy hole in the wall place but the price is right. Had to stay here as an emergency because I couldnt get ahold of the person whom I was supposed to rent the apartment from. It is at Ttalcahuano and Correntes, right next to the rip off joint Eden (don't go in there, trust me. I got a room for 15 bucks. They have some rooms for 30 pesos all the way up to 75 pesos. For being 2 blocks from the Obelisko the location isnt bad, but consider it a place to lay your head and luggage in case something happens and you need an inexpensive place to crash.

Here is their info.

Micki Hotel.

Talcahuano 362

Tel 4371-2376 / 5627