Miami is known as a tourist mecca. Of course, there is the cruise industry with millions of passengers heading to South Florida every year to set sail. But from its famous beaches to sporting events and more, Miami is a tourist destination all its own. That's good news if you are looking for an inexpensive Miami hotel. With so many people coming into the area, there are hundreds -- if not thousands -- of hotels. That means there is a lot of competition for your business, driving down prices and making Miami a surprisingly affordable place to stay, if you