The Jerusalem Hotel at Nablus road is a well located hotel at a reasonable price. Its proximity to the old city and other orthodox neighborhoods gives you the ultimate "Jerusalem experience".
If you are looking for something real cheap kind of like a hostel I would recommend two of them:
Rabin
Yehuda
And f you are looking for something a bit more with good view i would recommend Shoresh which is outside of Jerusalem.
Inside the city there are good and expensive hotels 3 of the famous ones are:
King David
Dan Panorama
Olive tree
Here you can find more info if you need.
What comes around goes around.
The King David and the David Citadel are both gorgeous hotels. They're a little pricey but definitely worth a look.
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