If you need a budget hotel in Riederalp, Bed & Breakfast Zurschmitten has cheap rooms at 136US$ per night. Christiania apartment is an affordable choice that will put you within a 10-minute walk of the center. In case you're on a tight budget, stay at Apartment Sportina 11, which is a 5-minute walk from Trainerlift Alpenrose.
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If you're looking for a homey place to stay, consider Alpenresort B22 B&B apartment, situated beside Schraglift Altmatten. If you are traveling with kids, consider staying at Sonnenhalde Matterhornblick, which is a family-friendly apartment that provides mountain biking, snowboarding and hiking. Alpenrose is a resort hotel situated next to Bettmeralp 1 Ski Lift and has views of Alps and Swiss Alps.