A more budget-friendly alternative would be Fig Tree House, which is 3-star accommodation with room rates from 112US$.
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Where to stay in Penryn?
Best cheap hotels in Penryn
Penryn airports & Subway stations
If you want to remain flexible during your travel to Penryn, consider an apartment, such as Estuary View Penryn, which is less than 5 minutes on foot from the Penryn railroad station from where you can explore the city.
Convenience of staying in hotels downtown
For proximity to Picture House Galleries, book a room at The Thirsty Scholar. Home From Home is a property situated right outside of Enys Gardens and about 10 minutes' walk from Penryn city center.
Luxury and boutique accommodation in Penryn
The higher-end option is Tides Reach, which offers plenty of amenities, a 4-star rating, and is situated next to The Club.