Located just a few minutes on foot from Shinjuku Station, Hatagoya is a capsule hotel, but its name actually refers to a class of inn from the Edo Period (1603-1868), the last era of feudal rule by the shogunate.

Because of that, Hatagoya aims to be a bit more stylish than the typical nondescript capsule hotel. The hotel’s common areas and lounge are decorated with old-school Japanese motifs that impart a touch of class to the incredibly affordable accommodations, which cost just ¥3,200 (US$29) a night).

With such low prices, Hatagoya is an attractive option for backpackers spending a night in Tokyo before venturing further afield in Japan. But what’s really special is that the hotel offers discounts for longer-term guests. A five-night stay costs ¥15,000, which is a modest saving. The real deal, though, is if you’re looking to stick around for a whole month, in which case Hatagoya will charge you just ¥85,000 (US$772), which is an absolute bargain for such lengthy hotel use in Shinjuku.

As a capsule hotel, Hatagoya isn’t particularly luxurious, but it’s comfortable and clean. The capsule features a neatly made sleeping pad outfitted with fresh, clean sheets, your own personal TV, and a power outlet positioned so that you can charge your smartphone while still laying down and using it to browse the Internet.