I'm a backpacker and it's essential for me to find a cheap accommodation that will not ruin my budget. Check Inn Hotel was just right for me. It's situated in downtown area so it's very accessible. Rate starts from 650php and up. The only problem we encountered during our visit was, the elevator was not working and the room that was assigned to us was i think in the 4th floor (highest floor where you can find the beautiful landscape). It was tiring but worth it.
Luzuriaga Street, Bacolod City