Affordable Iloilo Accommodation 2023: Cheap Lodges, Inns, Rooms, Pension Houses, Homestays,Resorts and Hotels. With its many historical & religious landmarks, along with its very popular and colorful Dinagyang festival and delectable Ilonggo cuisines, Iloilo City is definitely one tourist destination worth visiting. If you’re looking for a place to stay in Iloilo, here’s a list (arranged starting from the cheapest) of hotels, inns and other types of accommodation in the city.