It is almost impossible to sleep cheap in a hotel in Yerevan. Try home stays with Armenian families that rent out rooms. There are many of these places and they cost from $8 - $12 per night per person. Many are located in the center of Yerevan and if you can handle not having your own âspaceâ they are a wonderful way to truly see Armenian hospitality up close. You can get a list of these home stays by contacting the Armenian Information Center (http://armeniainfo.am).