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Where to Stay in Rome - Vatican area or Campo d' Fiori?

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We will be spending 5 nights in Rome in May 2014. It is our last stop after visiting Lake Como, Venice, and Florence. After much searching, we have found two accommodations in Rome that we like and that are within our budget (preferably under $200/night with $250 a maximum). We are in our mid-60's, and would like to stay in an area that will be convenient for walking and where we will feel safe walking at night. We plan to visit as many of the major sights as we can, and perhaps take a day trip to Orvieto or Ostia Antica.

The first is an apartment on Via Guilia, near Palazzo Farnese and Campo d' Fiori. On Google maps, It appears to be an easy walk to many attractions. It has many good reviews, and despite being on the ground floor, is described by reviewers as quiet.

The less expensive possibility that has many excellent reviews is a B&B on Piazza del Risorgimento near St Peters Basilica, the Vatican museums, etc. It is described as being 100 meters from the Ottaviano metro stop and several public bus lines. While my DH and I have ridden subways and buses in Paris, London, and Athens, we are uncertain whether we want to depend on public transportation or would rather be in a more central location that would allow us to walk to most of the sights, and be easy to come back to in the afternoon for a short rest if we need one.

Comments on these locations and on the ease of using buses and the metro in Rome would be welcomed, as would general suggestions about places to stay in within our budget. We prefer B&B's and apartments but would not rule out a hotel. Thanks in advance!

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