Valencia has a good range of hotels, with a growing number of central boutique choices. There's also a huge quantity of quality central apartments, which make excellent bases for an urban stay. Lots of hostels cluster around the centre of town.
Hotel prices in general have risen sharply in Valencia in the last few years as Spain's recent tourism boom has seen increased visitor numbers to the city.
For independence on a short or long stay, there are numerous apartment options, particularly in the old centre. Many are listed on accommodation booking websites. Two reliable operators are Valencia Flats and Bed & Bike Carmen.