The dollar may be taking a beating in Europe, but you don't have to. Our correspondents have combed five favorite European cities for the best small, stylish, and reasonably priced accommodations (most are $250 a night or less) and restaurants that serve great food at a great value. From a Roman villa on the Tiber to a sleek modern hotel just off Las Ramblas—all you have to do is choose.

BARCELONA

Hotels
Most of the 28 rooms in Hotel 54 Barceloneta, the newest hostelry in the increasingly trendy fishing quarter, have fantastic views of Port Vell, and all have Wi-Fi. The decor is light and airy, with playful touches like neon mood lighting and bathrooms with green-glass sinks. Strengths: Near the beach; sunny rooms; a cushioned rooftop chill-out zone that gives the place an Ibiza vibe. Weaknesses: Noise from the hip basement nightclub drifts up to the lower rooms (34-9-32-25-00-54; hotel54barceloneta.com; doubles, $194–$241).

The 45-room industrial-style Hotel Onix Liceo, just off Las Ramblas, has a well-lit lounge area with a fireplace, and a large terrace with a floral mural. Rooms are chic and modern, done in a black, gray, and chocolate-brown palette. There's no bar or restaurant, but the hotel serves a hearty buffet breakfast for an extra $13. Strengths: Comfortable furnishings; high-speed Internet access. Weaknesses: Rooms facing the street can be noisy, especially on weekends (34-9-33-03-41-54; hotelsonix.com; doubles, $141–$176).

Situated on the busy Gran Via, the elegant Hotel Soho is a ten-minute walk from the Plaça Catalunya. By local architect Alfredo Arribas, the minimalist look features designer frills such as Verner Panton lamps, supercomfortable beds, and natty glassed-in bathrooms. The best rooms are on the seventh floor and come with wood-decked terraces. There's no restaurant, but breakfast is served in the lobby and room service is available until 9 p.m. A snazzy business center in the basement and a cool rooftop plunge pool make the place a bargain. Strengths: Excellent location; great style. Weaknesses: Heavy traffic on the Gran Via means rooms on the lower floors can be noisy (34-9-35-52-96-10; nnhotels.com; doubles, $148–$404).

The Market Hotel & Restaurant has large rooms with polished wood floors, Oriental lacquered furniture, and black-tiled bathrooms. Some have terraces; all have Wi-Fi. In a quiet, leafy neighborhood a 15-minute walk from the city center, it's good for those seeking peace rather than action. Downstairs is a sophisticated restaurant. Strengths: Quiet and stylish. Weaknesses: Interior rooms are dark; elevators are reserved for disabled guests (34-9-33-25-12-05; markethotel.com.es; doubles, $129; two-bedroom apartments, $172–$229).

Apartments
All nine Boria BCN lofts and suites are multilevel and measure at least 484 square feet. They have small but fully equipped kitchens and a decor featuring cappuccino tones and hardwood floors (some have two bedrooms). Strengths: Great for families; concierge service in the lobby from 8 a.m. to 11 p.m. Weaknesses: Storage space is limited; you don't get your own key for the main building (34-9-32-95-58-93; boriabcn.com; lofts and suites, $241–$362).