Regarding the prices of star rated hotels in Venice, we are absolutely pleased with finding "Taverna san Lio" with just 4 rooms for rent on the 1. floor. The location is perfect just 250 m from the Rialto Bridge and 500 m from St. Marcus square. The room was spacey, clean and with very good bath facilities, although one must expect quite noisy nights, as we're right in the center of Venice on a main walking square that connects Rialto with St. Marcus. The restaurant "Taverna san Lio" itself is the absolutely best restaurant we tried in the whole of Venice during our holiday week (You MUST at least once eat the chefs home made sea bass filled cannelloni in lobster sauce!), and the whole staff is both kind, helpful and really friendly. We'll be back! :-)