The rooms are standard 3-star quality, the prices start at €50 per night. With this one: book in advance - it is very popular.
24, Predtechenskaya streetNovgorod
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Located in an 80s Soviet building this very basic hotel offers dorm room accommodation for €25 per bed in a 2-bed dorm.
The best hostel in Novgorod, run by Yaroslav - an avid traveler himself.
Located on the Trade side, a bit far away from the Kremlin and the train station, but next to a nice park and close to the river, this is perhaps the most comfortable hotel in Novgorod.