Renovated in a minimalist, contemporary style, this hotel has a fantastic location off place de la République. Regardless of what you think about the teensy lift (possibly the smallest in Paris) or the poor soundproofing (bring earplugs), you can't fault the inexpensive rates.
Breakfast (€10) has longer hours (7am to 10.15am weekdays and 10.30am on weekends) than many Parisian hotels.