I recently booked an apartment for my first six weeks in Budapest. It is a little one bedroom with a balcony, and is across the street from a big park. Rent in Budapest is cheap because there is far more stock of housing than people searching for it - you can easily find a one bedroom for $350 a month (although not with all of the amenities of this place;). My mom always tells me I have champagne taste and a beer budget. Here my taste and budget finally align!