Nyaungshwe has an increasing number of hotels, guesthouses and hostels, ranging from budget accommodation to boutique places via many anonymous midrange options. Book well ahead in peak season (December to March).
Prices have jumped recently, and some of Nyaungshwe's rooms aren't great value, though discounts are normally available outside high season. All rates include breakfast.
Almost all rooms have bathrooms with hot showers, but few places offer air-con because of the natural cooling effect of the breeze passing over the lake.