Hospedaje La Nave
Ancud 107. downtown and close to the bus terminal. nothing special about this hospedaje other than it had a room when we were looking for one. many options around the bus station to choose from, so don't panic if you arrive late. no breakfast but a huge bathroom and fantastic high pressure hot water shower makes for a recommendation. 14,000 pesos for two people.
There is a multitude of cheap hospedaje in Puerto Montt, so don't despair if your travel guide only shows a few expensive ones.
Colectivo Bellavista
German vargas poblete, fortuoso 9, phone 65 251730, cell 09 0912073, a friendly and quiet place, not so near to the city centre, free pickup and dropoff, incl breakfast from $4000/bed.