This is the most affordable place to stay in Kailua-Kona. These plantation-style, three-story buildings are surrounded by lush, palm-tree-lined gardens with torch-lit pathways that make it hard to believe you're smack-dab in the middle of downtown. The central location -- across the street from the historic Kona Inn Shops -- is convenient but can be noisy. Built in 1962, the complex is showing some signs of age, but the units were recently outfitted with new appliances, new bedspreads and curtains, and a fresh coat of paint. The studios are small, but extras like lanais and kitchenettes outfitted with microwaves, minifridges, and coffeemakers make up for the lack of space.