Finding a place to stay can be the most expensive part of traveling. One of the ways to lower the cost is to get a rental home or apartment. This allows you to make your own meals using the kitchen in the rental, which can really lower your money going out for food. It also allows you to check out local markets and try the foods. Another great part of this option is that if you and friends or family travel together you can split the cost. My favorite site to find a vacation rental is http://www.homeaway.com/ this website has condos, apartments and homes all over the world to choose from. This is a great option especially there are several of you traveling!
A second option for where to stay that can save you some cash is choosing hotels that have continental breakfasts. This will save you money on breakfast and allow you to start your day right. Also, bed and breakfasts are a great way to experience the locals and have a hearty breakfast.
The last two ways to save money on where you stay are of course staying with friends, which is a great option. As well as, if you're adventurous staying at hostels, which is incredibly cheap! It depends on what you're looking for and wanting to experience. But, don't let finding a place to stay halt your travel plans.
And as always check out the costs and add it into your saving plans :)