Hilo Shaka Shak is an affordable choice with rates from only 87US$ per night. Downtown Hilo is home to numerous budget hotels, like Wild Ginger Inn Hotel & Hostel and Hawaiian Ohana Home, that provide a 25-minute walking distance to Rainbow Falls.
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If you're traveling with a family to Hilo, you may wish to find apartments near Honoliʻi Beach Park, then book Hilo Bay Sunrise or Hilo Honoli'I Hale. Maluhia Kahakai is a B&B that is 20 minutes' walk to Richardson Ocean Park. If you're planning on visiting Hilo with your family, choose a family-oriented hotel like Grand Naniloa Doubletree, boasting free self-parking, a golf course and lawn tennis. Hilo Seaside Hotel is a popular resort that also offers free self-parking, a picnic area and a swimming pool, so you and your entire family can relax after a day exploring Hilo.