Geula Suites 

I would definitely stay here again! I chose this accommodation because it was affordably priced, thinking I was going to be getting some slightly better than hostel-type accommodations, but I felt like I was staying in a much classier hotel than I'd expected it to be! The twin-room studio looked recently refurbished, and it was well equipped with everything a visitor might need: it included a kitchenette with cookware and dinnerware, a bathroom with toiletries that were replenished daily, and a much-needed air-conditioner that worked very well (it was 30 degrees while we were there). The flat was walking distance from Jerusalem beach, from Carmel market, and from various tourist-friendly establishments (i.e., open even on Shabbat). The front desk/reception is a 7-minute walk away (I think it's the reception for a number of centrally-managed flats for rent in the area). The staff at the front desk was also very helpful: they helped us book a day tour to Jerusalem, gave us advice about which bus to catch to get to the train station, and let us leave our luggage in storage on our final day as we went around Jaffa. I will be recommending this place to friends!