Cheap hotels in New Jersey, California and other states are now selling for as little as $3.25 per night.
The cheapest available rate in Las Vegas has dropped by almost $10 since the start of the year, according to a recent study by TripAdvisor.
The new study by Priceline found that the average room rate in New Orleans has dropped from $8.50 per night in April to $7.80 per night, according the Associated Press.
The study also found that a room in Las Cruces, N.M., at the Hyatt Regency is now available for $8 per night while in Las Verdes, Calif., a room at the Sheraton Las Vegas in Santa Ana costs $7 per night instead of $9 per night last month.
Other cities that have seen declines include Chicago, Dallas and Washington, D.C. In New York, which saw the biggest drop in hotel room rates since March, the average rate is down by $1 per night and rooms at the Four Seasons, which have been in business for decades, are available for less than $4 per night compared to $8 for rooms in New Haven and New Orleans.
The average rate at the Grand Hyatt Hotel in Chicago is $8 and rooms in the Four Rivers and Hilton Chicago are available at $8 instead.