If you're looking to save a few dollars, you'd be hard-pressed to find cheaper accommodations. In the former German Embassy, this place retains a Bavarian feel. High-ceiling rooms have beds, desks, and antique lighting fixtures. In addition to dorm rooms with four and eight beds, it's possible to book private rooms for up to two people. Be sure to specify en suite if you want a private bathroom.
18 Lu Jiao Lu, Gulangyu, 361002, China