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London's near-insane premium on centrally-located living space has sent hotel rates into orbit - what would have been affordable lodgings within city limits 5 years ago would today most likely be overpriced and overbooked unless approached well in advance of your travel plans.

As so many people enter London city limits each day, from origins both domestic and overseas; finding hotels in London can be a headache for those not willing to pay exorbitant prices for room and board. What seems to be of most intrinsic value when staying in a London hotel is not merely the hotel's star rating, or the range of in-house facilities that more often than not can be easily located within spitting distance of the lobby, but the location and the room rate. Finding acceptably-priced central London hotels is hardly a Herculean task - but without the requisite research it can certainly be a challenge.

There are many discount London hotels within London's central environs, and with outside help you can even get a better price than the "Rack Rate" - which is the price (generally per person, per night) that a hotel would offer you if you were to approach them over the counter. Cheap hotels in London are not a myth: many places online can offer great discounts if you book well in advance.

For those seeking hedonistic lodgings, the Abba Queens Gate hotel is set in the heart of the opulent borough of Kensington, with the traditional historical exterior mingled with the modern, spacious interior creating a subtle blend of London old and new. If this all seems too conventional for you, you could be a perfect candidate for the Sunborn Yacht Hotel in the Docklands area - the world's first specially-designed hotel onboard a yacht. The Russell Hotel in London also offers luxury accommodation at a great price. All of these establishments can be booked at great rates, so long as you know where to look for discount London hotels.