Finally, OP, public transit is great there and if you’re willing to stay a bit further away from that area and travel, you can find good deals. Last fall I found a good price at the Hotel Roger on Madison near Murray Hill/Koreatown. I’ve found good deals at name-brand hotels in the flower district and in SoHo. Priceline might be a good place to poke around, but have a good idea if you’re willing to take the subway or cabs to get to your destination(s).
TripAdvisor is a good place to get decent reviews.