I travel to HK often from Guangzhou and usually return back the same day (just a 2 hour train back from Hung Hom). However, recently I have been finding myself in situations, where I may have to spend more than a day in Hong Kong and therefore I would like suggestions for "low cost" places in Hong Kong, where I could stay, preferably around Hung Hom or Kowloon (but I am fairly flexible) on this.
Any ideas would be appreciated. If the place has Internet that would be a real bonus.