Hotel and Youth Hostel in the heart of South Beach.
Small but reasonable and clean youth hostel and hotel rooms in a Spanish Village setting. Some of the rooms have shared bathrooms and you may wish to ask for a quiet room away from Espanola Way.
It's a hostel, but they also have regular hotel rooms--for, like, 60 bucks. And they're nice--small, but clean. Just request a room that's quiet, Espanola can get noisy at night; and some of them have shared bathrooms, but go with friends and rent two of those rooms, and you can share. Problem solved. And it's right in South Beach!