Great — here are several well-reviewed, reasonably priced options in Colombo across neighborhoods and styles (hostels → mid‑range). Prices are approximate and vary by season and booking channel — I’ve included sources so you can check current rates.

• Clock Inn Colombo (hostel / budget private rooms) — central Kollupitiya/Bambalapitiya; clean, simple private rooms or dorms; typical rates from ~USD 8–40/night depending on dorm vs private. (booking.com)

• Lost & Found (Stay Lost & Found) — popular budget boutique hostel in central Colombo (near Galle Road / lake area); private rooms and dorms, good common areas. Great value if you want a social, clean base. (booking.com)

• My Little Island Hostel — trendy, well-rated hostel near Galle Road / U.S. Embassy area; dorms and private rooms from very low prices (good for solo/backpackers). (tripadvisor.com)

• The Steuart by Citrus — budget–midrange hotel in the Fort area (walking distance to Dutch Hospital/Downtown); spacious rooms and good value deals, often ~USD 30–50/night. Good pick for a central, hotel-style stay. (trivago.com)

• Cinnamon Red Colombo — modern, value-oriented city hotel with a rooftop pool and lively rooftop bar; centrally located (Ananda Coomaraswamy Mawatha); a solid midrange option when you want comfort without luxury pricing. (tripadvisor.com)

• The Ocean Colombo — oceanfront option near Galle Face Green that can be affordable compared with big luxury brands; rooms often seen from roughly USD 40+/night. Good if you want sea views on a budget. (kayak.com)

• Renuka City Hotel — budget–midrange on Galle Road (Kollupitiya); often competitively priced and centrally located for beach/shops/transport. (kayak.com)

Quick tips

• Colombo’s cheapest options (hostels/guesthouses) average roughly USD 15–40/night; midrange hotels often start in the USD 35–70 range depending on season. Book early for December–March (peak season) and compare Booking/Agoda/Kayak for the best rates. (budgetyourtrip.com)

If you want, tell me your travel dates, preferred neighborhood (Fort, Kollupitiya/Bambalapitiya, Galle Face), and whether you prefer private rooms or dorms — I can compare current rates and return 2–3 best deals with links/prices.