10 Best Hotels in Ulaanbaatar: Coldest Capital on Earth
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10 Best Hotels in Ulaanbaatar: Coldest Capital on Earth

T TopOfHotel Editorial Team Published January 15, 2024 Updated May 27, 2026 15 min read
✓ Honest reviews since 2017✓ Compared across 3 OTAs✓ No paid placements
See our 10 top picks

Real talk: Ulaanbaatar is the coldest capital city on earth. January nights average minus 25 degrees C, and it's also one of the most genuinely unexpected places you'll ever visit. Sukhbaatar Square sits dead center, with a giant bronze Genghis Khan flanked by Mongolia's parliament. Walk 15 minutes north and you're at Gandantegchinlen Monastery, where the 26-metre Migjid Janraisig Buddha looms over chanting monks. The State Department Store on Peace Avenue is the all-in-one mecca for cashmere, while contemporary Mongolia shows up in District 1's craft beer pubs and the Choijin Lama Temple Museum tucked between glass office towers. Day trips to Terelj National Park (1 hour out) and the 40-metre Genghis Khan Equestrian Statue (1.5 hours) get you onto the steppe and into a real ger camp the same afternoon. Our team reviewed 10 hotels: international 5-stars (Kempinski Khan Palace with its indoor pool, Holiday Inn on the central square), design picks (ibis Styles Polaris for clean modern rooms, Premium Hotel for boutique vibes), and value stays that punch above their weight (J Hotel and Puma Imperial under ~$71 Zaya Hostel and Gobi Guest House from ~$20 a bed). Everything's within a 15-minute walk of Sukhbaatar Square and rated 8.0+ by real guests.

Where to stay — neighborhoods

Real talk: Ulaanbaatar is the coldest capital city on earth. January nights average minus 25 degrees C, and it's also one of the most genuinely unexpected places you'll ever visit. Sukhbaatar Square sits dead center, with a giant bronze Genghis Khan flanked by Mongolia's parliament. Walk 15 minutes north and you're at Gandantegchinlen Monastery, where the 26-metre Migjid Janraisig Buddha looms over chanting monks. The State Department Store on Peace Avenue is the all-in-one mecca for cashmere, while contemporary Mongolia shows up in District 1's craft beer pubs and the Choijin Lama Temple Museum tucked between glass office towers. Day trips to Terelj National Park (1 hour out) and the 40-metre Genghis Khan Equestrian Statue (1.5 hours) get you onto the steppe and into a real ger camp the same afternoon. Our team reviewed 10 hotels: international 5-stars (Kempinski Khan Palace with its indoor pool, Holiday Inn on the central square), design picks (ibis Styles Polaris for clean modern rooms, Premium Hotel for boutique vibes), and value stays that punch above their weight (J Hotel and Puma Imperial under ~$71 Zaya Hostel and Gobi Guest House from ~$20 a bed). Everything's within a 15-minute walk of Sukhbaatar Square and rated 8.0+ by real guests.
Locations of 10 hotels
How we picked

We chose based on location and neighborhood first, then real guest scores from Agoda · Booking.com · Trip.com, unique features, and value. Then we ranked them to cover every style and budget.

Reviews · 10 top hotels

Tap a trip style — the list re-sorts to show the best match first, with a compatibility percentage.

Shangri-La Ulaanbaatar — hotel No. 1 #1 5-star flagship · city centre 9

📍 Sukhbaatar District on Olympic Street — a 5-minute walk (700m) to Chinggis Khaan Square and the Government House, a 5-minute drive to the State Department Store, with the new Chinggis Khaan Airport (UBN) about 50km away, 45-60 minutes by car.

🏙️ 25-storey tower in the heart of Olympic Street 🛍️ Shangri-La Centre mall in the same building 🏊 18m heated indoor pool + CHI The Spa
Walk to Chinggis Khaan SquareMall in the same buildingHeated indoor poolBogd Khan mountain views

Shangri-La Ulaanbaatar is Mongolia's first major 5-star flagship, a 25-storey glass tower in the heart of Sukhbaatar District that has run since 2015. It sits about 700 metres from Chinggis Khaan Square (formerly Sukhbaatar Square) and the Government House — an easy 5-minute walk. Inside are 290 rooms and suites starting around 42 sqm, noticeably bigger than the city's other 5-star rooms, with floor-to-ceiling windows framing the skyline and the Bogd Khan mountains to the south. The standout no rival can match is the direct link into Shangri-La Centre, a full mall in the same building with a supermarket, cinema, restaurants and brand-name shops, plus an 18-metre heated indoor pool, CHI The Spa, a 24-hour gym and restaurants from the Café Park buffet to Cantonese Hutong, Nadam Steakhouse and the afternoon-tea Lobby Lounge. With Agoda 9.0, Booking 8.9 and a top Tripadvisor ranking, it lands at 9.0/10.

  • Dead-central — a 5-minute walk to the square
  • Roomy 42+ sqm rooms plus a mall in the building
  • Best Shangri-La service in town per real reviews
  • The highest rates in Ulaanbaatar
  • International-chain design, light on Mongolian character
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The Blue Sky Hotel & Tower — hotel No. 2 #2 city icon · 25-storey sail tower 8.5

📍 Directly across from Sukhbaatar Square in central Ulaanbaatar — 2 minutes on foot to the Government Palace and the Chinggis Khaan statue, and about a 50-minute drive from Chinggis Khaan International Airport (UBN).

25-storey curved glass sail tower, around 105 m tall 🌅 Top-floor Sky Lounge with a 360-degree view 🏊 Indoor pool, spa and fitness
Iconic sail towerOpposite Sukhbaatar Square360-degree Sky LoungeIndoor pool & spa

The Blue Sky Hotel & Tower is the curved glass sail — 25 storeys and roughly 105 metres tall — that stands directly across from Sukhbaatar Square, the historic plaza at the centre of Ulaanbaatar. It is the building everyone photographs, and it has quietly become the city's reference point. This is a 5-star member of Preferred Hotels & Resorts with about 211 rooms done in classic European style, many of them opening onto the square and the ring of mountains around town. The signature is the top-floor Sky Lounge, which pours cocktails under a 360-degree panorama that takes in the whole city and the Bogd Khan range. Downstairs there is an indoor pool, a spa, a fitness room and several restaurants. Rates start around $137 a night, the Government Palace and the big museums are a few minutes on foot, and Chinggis Khaan airport is about a 50-minute drive. Overall 8.5/10.

  • Iconic sail tower directly across from Sukhbaatar Square
  • Top-floor Sky Lounge with a knockout 360-degree view
  • Walk to the Government Palace and major museums in a few minutes
  • Classic-style rooms starting to look dated for a 5-star rate
  • Breakfast and service can be inconsistent
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Kempinski Hotel Khan Palace — hotel No. 3 #3 European 5-star · strong service 9

📍 On Peace Avenue in the Bayanzurkh district on the eastern side of Ulaanbaatar — 2 km from Chinggis Khan Square downtown, and about 20 km along the way to Chinggis Khaan airport.

🏛️ 5-star, 99 rooms, classic European style 🛏️ Egyptian cotton linen + 24-hour room service ✈️ Closer to the airport than the downtown hotels
Classic European 5-starOn Peace AvenueCloser to airport than downtownGood for business travelers

Kempinski Hotel Khan Palace belongs to Europe's oldest luxury hotel group, which started in Berlin in 1897, and it sits on Peace Avenue in the Bayanzurkh district on the eastern side of Ulaanbaatar — about 2 km from Chinggis Khan Square downtown, but noticeably closer to Chinggis Khaan airport than the in-town hotels (roughly 20 km). There are 99 rooms and suites done in classic European style, dressed with Egyptian cotton bed linen, plus 24-hour room service, a fitness room and a European-Mongolian restaurant. The thing reviewers agree on is the staff: they remember your name and look after you, and the setting away from the busy commercial core keeps things quiet. Rates run roughly $155–310 a night. It scores 9.0 on Agoda and 8.6 on Booking for an overall 9.0/10 — best for business travelers flying in for meetings and luxury couples who would rather rest somewhere calm than wander the downtown lanes.

  • Warm staff who remember your name
  • Closer to the airport than the in-town hotels
  • Quiet luxury rooms away from the busy commercial core
  • 2 km from the walkable Chinggis Khan Square area
  • Aging building — some rooms feel classically old
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Best Western Premier Tuushin Hotel — hotel No. 4 #4 square view · central UB location 9

📍 Directly across from Sukhbaatar Square in central UB — a 2-minute walk to the Government Palace, and about 50 minutes by car from the new Chinggis Khaan International Airport (UBN)

🏛️ Across from Sukhbaatar Square + Government Palace 🏔️ Bogd Khan mountain views from upper floors 🇺🇸 American-managed, international safety standards
faces Sukhbaatar SquareBogd Khan mountain viewAmerican standards#3 on Tripadvisor

Best Western Premier Tuushin Hotel is a 4-star, 226-room hotel in the heart of Ulaanbaatar with a location that is genuinely hard to match in this city — it sits facing straight onto Sukhbaatar Square, the historic heart of Mongolia. Across the street is the Government Palace with its giant seated Genghis Khan monument, and most rooms look out over the square with the Bogd Khan mountains as a backdrop. Rooms run wider than the Asian average at 30+ sqm, and the place is run to American standards under the Best Western Premier brand, with a focus on safety and cleanliness. Reviews keep landing on the same points: soft beds, strong consistent hot water even in deep winter, and front-desk staff who speak fluent English. It won Best Hotel in Mongolia in 2016 and has held the #3 spot out of 73 hotels on Tripadvisor. Overall 9.0/10 from real guests — a strong fit for business travelers and couples.

  • Faces Sukhbaatar Square with mountain views behind
  • Rooms 30+ sqm, soft beds, strong hot water
  • Fluent English staff, American standards
  • Reads like a business hotel, not full-on luxury
  • Pool and gym are small; some decor showing age
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Holiday Inn Ulaanbaatar — hotel No. 5 #5 Best value · central IHG 8.6

📍 On the corner of Chinggis Avenue and Peace Avenue in central Ulaanbaatar — about 1 km from Sukhbaatar Square (the city's central plaza), a few minutes by car. The new Chinggis Khaan Airport (UBN) is roughly 45–55 minutes away by car.

🏙️ On Chinggis Avenue at Peace Avenue, city centre 🛁 Spa + fitness + rooftop lounge with city views 🚗 Free parking (rare here) + IHG, opened late 2018
On Chinggis AvenueRooftop lounge with viewsFree city-centre parkingWalk to Sukhbaatar Square

Holiday Inn Ulaanbaatar is a 4-star IHG property that opened in late 2018, and plenty of travelers rate it the best value among the city's international chains. It sits on the corner of Chinggis Avenue and Peace Avenue, the two main roads that tie central Ulaanbaatar together. The 9-storey building holds about 192 rooms and suites in warm browns and creams — cleaner and brighter than many expect from a still-growing capital. Up top there's a rooftop lounge looking out over the city and the Bogd Khan mountains, plus a spa, a 24-hour gym, and a restaurant serving an international buffet alongside hot buuz (steamed Mongolian dumplings) at breakfast. The detail that sets it apart from other downtown hotels is free parking, which is hard to find here. It is about 1 km from central Sukhbaatar Square, a few minutes by car. Rooms start around $83 a night, with an overall 8.6 on Agoda and 8.5 on Booking.

  • Chinggis Avenue location, walkable to the central square
  • Clean, modern IHG standard that's good value
  • Free parking + rooftop lounge with views
  • Some rooms face buildings, not every room gets the mountain view
  • Not the cheapest option in the city overall
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Ramada by Wyndham Ulaanbaatar Citycenter — hotel No. 6 #6 international chain · soft beds · strong winter heating 8.4

📍 Bayangol District on the west side of the city, on Peace Avenue — about 5 km from central Sükhbaatar Square. Chinggis Khaan Airport (UBN) is a 50-60 minute drive.

🛏️ Beds reviewers keep singling out as the trip's best 🔥 Central heating that holds through a -30°C winter 🧖 Spa, fitness, and two restaurants (Mongolian and international)
Wyndham chainsoftest bedsheating holds at -30°Ctrip-planning concierge

Ramada by Wyndham Ulaanbaatar Citycenter is an upscale 4-star hotel under the global Wyndham chain, sitting on Peace Avenue on the west side of the city in Bayangol District, about 5 km from central Sükhbaatar Square. It has 124 rooms, and the one thing reviews agree on most is the bed — soft enough that several guests call it the best sleep of their whole Mongolia trip. The central heating works exceptionally well, holding rooms warm through an Ulaanbaatar winter that drops to -30°C. Inside there is a spa, a fitness room, and two restaurants serving both Mongolian and international food. Reviews are unanimous about the front-desk and concierge staff, who help arrange out-of-town trips like Terelj and call taxis with real care. Rates start around $77 a night, the overall score is 8.4/10, and it suits business travelers, couples, and anyone using Ulaanbaatar as a base before heading out to a ger camp.

  • Softest beds in the district per reviews
  • Heating holds through the hardest cold
  • Staff plan trips and call taxis well
  • About 5 km from the central square
  • Plain breakfast, nothing memorable
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Novotel Ulaanbaatar — hotel No. 7 #7 global chain · families / conferences 8

📍 Sukhbaatar District in the city centre — about 1.1 km (roughly a 15-minute walk) from Sukhbaatar Square (Genghis Khan Square) and Government House, near the State Department Store and Peace Avenue, the city's main artery.

🏊 20-metre indoor pool, open year-round 🍽️ 2 restaurants + 2 bars in the building 🎤 490-sqm Grand Ballroom, seats around 400
Accor chain city centreyear-round indoor pool490-sqm Grand Ballroomwalk to Sukhbaatar Square

Novotel Ulaanbaatar is a 4-star hotel under France's Accor group that has run in the Mongolian capital since 2014. The modern 192-room building sits in Sukhbaatar District, about 1.1 km (roughly a 15-minute walk) from Sukhbaatar Square (Genghis Khan Square) and Government House. The pitch is the steady Accor consistency travellers know worldwide. Standard rooms start at 28 sqm — wider than most local hotels in town — and the shared spaces are unusually complete here: an indoor pool of about 20 metres open year-round (which matters a lot in a city where winter touches -30°C), two restaurants and two bars, a gym and sauna, plus a 490-sqm Grand Ballroom that seats around 400 for weddings and conferences. Guest scores of 8.0/10 on Agoda and 7.9/10 on Booking, with 4.3/5 on Accor ALL, say it delivers. It suits families wanting a safe, roomy base, business travellers needing meeting space and stable Wi-Fi, and older guests who want a familiar global chain. Overall 8.0/10.

  • Familiar Accor standard, rooms 28 sqm and up
  • Indoor pool, gym and sauna open year-round
  • About a 15-minute walk to Sukhbaatar Square
  • No Mongolian local character — standard chain design
  • Wi-Fi and some service patchier than Novotels elsewhere in Asia
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Terelj Hotel & Spa — hotel No. 8 #8 luxury park resort · inside Gorkhi-Terelj 9.2

📍 Inside Gorkhi-Terelj National Park, about 50 km east of central Ulaanbaatar — roughly 1 hr 15 min by car along the A0501 highway, and about 1 hr 45 min from Chinggis Khaan International Airport (UBN).

🏔️ Inside Gorkhi-Terelj park, 50 km out 🛁 Spa + indoor pool + sauna 🐎 Horse riding, hiking, ice skating
inside Gorkhi-Terelj parkSmall Luxury Hotelsrock mountain + grassland viewswinter ice skating

Terelj Hotel & Spa is a 52-suite 5-star resort and a member of Small Luxury Hotels of the World, sitting inside Gorkhi-Terelj National Park about 50 km east of central Ulaanbaatar — a land of oddly shaped rock formations and wide grassland said to be the birthplace of Genghis Khan. The building pairs classic European architecture with Mongolian touches, and every suite is wrapped in Egyptian-cotton sheets and cashmere blankets woven from Mongolian wool. On site you get a spa, an indoor pool, a Mongolian-style sauna, a European-Mongolian restaurant, and a tour desk that sets up horse riding, hiking, and visits to nomad ger camps; in winter, an ice-skating rink opens too. The world's largest equestrian statue — a 40-metre copper Chinggis Khaan — stands just 20 km away. Real guest scores back it up at Agoda 9.2 and Booking 8.9. Best for honeymooners and anyone who wants Mongolia's wild side without roughing it.

  • Genuinely inside Gorkhi-Terelj National Park
  • 52-suite Small Luxury Hotels of the World member
  • Ice skating, horse riding, and spa all in one place
  • 50 km from the centre — you need to plan transport
  • Clearly pricier than in-city hotels
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Bayangol Hotel — hotel No. 9 #9 Heritage · Soviet-era landmark 7.8

Bayangol Hotel

From ~$69

📍 On Chinggis Avenue in the South Central district — about a 10-minute walk to Sükhbaatar Square, and roughly 50 minutes by car from Chinggis Khaan International Airport (UBN).

🏛️ Open since 1964, Soviet era 🏔️ South-facing Bogd Khan mountain views 🍳 Generous breakfast buffet
Open since 1964On Chinggis AvenueBogd Khan mountain viewGreat breakfast buffet

Bayangol Hotel is one of Ulaanbaatar's true heritage stays, open since 1964 when Mongolia was still firmly in the Soviet orbit and this was the grandest hotel in the country, hosting countless foreign VIPs. It has been partly renovated but keeps that kitsch-era feel on purpose: twin cream-and-brown buildings, the West Wing and East Wing, holding 220 rooms and suites between them. It sits on Chinggis Avenue in South Central, about a 10-minute walk from Sükhbaatar Square. South-facing rooms look onto the sacred Bogd Khan mountain in every season; north-facing ones catch the slowly rising city skyline. The detail reviewers agree on most is the breakfast buffet, which lays out Mongolian, European and Asian dishes in a big classic dining room. Rooms start around $69 a night, the overall score is 7.8/10, and it suits travelers who want to soak up history rather than a modern chain.

  • Central spot on Chinggis Avenue, 10-minute walk to Sükhbaatar Square
  • Generous breakfast buffet with a wide spread
  • Soviet-era heritage feel that's rare in this city
  • Some rooms feel old, with original Soviet-era furniture
  • Wi-Fi and hot water draw on-and-off complaints
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Urgoo Boutique Hotel — hotel No. 10 #10 Quiet boutique · Embassy Row 8.7

📍 Sukhbaatar District / Embassy Row — about a 5-minute walk to the National Museum of Mongolia and Sukhbaatar Square; roughly a 50–60 minute drive from Chinggis Khaan Airport (UBN).

🏛️ 5-min walk to National Museum 🌿 Garden + café in the building 🍷 European restaurant URGOO ART
28-room boutiqueQuiet embassy district5-min walk to National MuseumURGOO ART restaurant in-building

Urgoo Boutique Hotel is a small boutique of around 28 rooms hidden in Sukhbaatar District, the part of Ulaanbaatar locals call Embassy Row because foreign missions and international organisations line the surrounding streets. It sits about a 5-minute walk from central Sukhbaatar Square and the National Museum of Mongolia. What sets it apart from the chains is the scale: small, with personalised service that remembers your name, a little café and a garden in the middle of the building, plus a European restaurant called URGOO ART that's open to both guests and locals. Rooms start at about $63 a night and climb to roughly $129 for a suite. Real-guest scores average 8.7 on Agoda, 8.6 on Booking and 4.5/5 on Tripadvisor. It suits travelers who want a warm, homey feel over polished luxury, but still want to be central enough to explore the city on foot. Overall 8.7/10.

  • Small boutique, personalised service that remembers your name
  • Quiet Embassy Row location, 5-minute walk to the National Museum
  • Café, garden and European restaurant URGOO ART in the building
  • Rooms aren't as spacious as a newer hotel
  • Airport is roughly a 1-hour drive out
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📊Comparison · all 10 hotels

#HotelStarsScoreFrom / nightAreaHighlight
1Shangri-La Ulaanbaatar59.0~$206Chinggis Khaan Square is about a 5-minute walk (700m); the new Chinggis Khaan Airport (UBN) is roughly 50km, 45-60 minutes by car.#1 5-star flagship · city centre
2The Blue Sky Hotel & Tower58.5~$137Sukhbaatar Square is a 2-minute walk; Chinggis Khaan International Airport (UBN) is about 50 minutes by car.#2 city icon · 25-storey sail tower
3Kempinski Hotel Khan Palace59.0~$154Chinggis Khan Square (downtown)#3 European 5-star · strong service
4Best Western Premier Tuushin Hotel49.0~$129Sukhbaatar Square is just across the street; the new Chinggis Khaan International Airport (UBN) sits about 52 km out#4 square view · central UB location
5Holiday Inn Ulaanbaatar48.6~$83Sukhbaatar Square#5 Best value · central IHG
6Ramada by Wyndham Ulaanbaatar Citycenter48.4~$77Sükhbaatar Square about 10-15 minutes by car; Chinggis Khaan Airport (UBN) roughly 50-60 minutes.#6 international chain · soft beds · strong winter heating
7Novotel Ulaanbaatar48.0~$91Sukhbaatar Square (Genghis Khan Square) is about 1.1 km away, roughly a 15-minute walk.#7 global chain · families / conferences
8Terelj Hotel & Spa59.2~$357Central Ulaanbaatar is about 50 km away — roughly a 1 hr 15 min drive.#8 luxury park resort · inside Gorkhi-Terelj
9Bayangol Hotel47.8~$69Sükhbaatar Square is about a 10-minute walk away.#9 Heritage · Soviet-era landmark
10Urgoo Boutique Hotel48.7~$63National Museum of Mongolia#10 Quiet boutique · Embassy Row

Which one — by trip style

🏨
#1 5-star flagship · city centre
Shangri-La Ulaanbaatar

#1 Shangri-La Ulaanbaatar is Mongolia's most complete 5-star flagship — roomy rooms, mountain views, an indoor pool, a spa and a mall all in one building, made for travellers who want renowned comfort in a city where options at this level you can still count on one hand.

🏨
#2 city icon · 25-storey sail tower
The Blue Sky Hotel & Tower

#2 Blue Sky is a night inside the glass sail that has become Ulaanbaatar's signature on the skyline, with a top-floor Sky Lounge running a full 360-degree panorama — it wins on its plaza-side location and landmark status more than on the polish of the rooms.

🏨
#3 European 5-star · strong service
Kempinski Hotel Khan Palace

#3 Kempinski Khan Palace is a classic European hotel where the staff greet you by name, set apart by its airport-friendly position and the quiet of sitting away from the busy downtown commercial core.

🏨
#4 square view · central UB location
Best Western Premier Tuushin Hotel

#4 Tuushin is the one hotel where you wake up with the historic Sukhbaatar Square filling your window, backed by American-run safety standards — it wins on view and location far more than on outright luxury.

🏨
#5 Best value · central IHG
Holiday Inn Ulaanbaatar

#5 Holiday Inn Ulaanbaatar is the best-value international chain in the city — a Chinggis Avenue address within walking distance of the central square, dependable IHG service, a rooftop lounge with a view, and free parking that's genuinely scarce in this neighbourhood.

🏨
#6 international chain · soft beds · strong winter heating
Ramada by Wyndham Ulaanbaatar Citycenter

#6 Ramada by Wyndham Citycenter is a 4-star international chain with the softest beds in the district, heating that holds through the cold, and staff who'll plan your trips out of town — a fit for anyone who wants chain-standard reliability without the heavy price.

Final picks

10 hotels covering every style and budget — pick by neighborhood, unique feature, and travel style.

Tap into any one to read the deep review and compare prices on Agoda · Booking.com · Trip.com in one place.

Frequently Asked Questions

When's the actual best time to visit Ulaanbaatar?
June to early September is the sweet spot, warm days (20-25C), green steppes, and the Naadam Festival (11-13 July) with wrestling, archery, and horse racing. Winter is dramatic but brutal. Tsagaan Sar lunar new year in February is fascinating if you can handle minus 20C, low-key amazing if you're up for it.
Is Ulaanbaatar a good base for Gobi trips?
Yes, basically every Gobi tour and Terelj day trip departs from UB hotels. Kempinski, Holiday Inn, and Premium Hotel all have tour desks that can sort you a 4-7 day Gobi itinerary on short notice. Book a few days ahead in peak summer though, the good guides go fast.
Which hotel is the legit fanciest?
Kempinski Hotel Khan Palace has held the TripAdvisor #1 spot for years running. Five-star international with 3 restaurants, sauna, business center, and the kind of Egyptian-cotton sheets that make you not want to leave. Starts around ~$109/night, splurge-worthy if you've earned it.
Do I really need cash, or do cards work?
Bring cash. The currency is Mongolian togrog (MNT), exchange at the airport or city banks. Big hotels take cards, but smaller restaurants, ger camps, and shops often don't. The air is also super dry, so grab lotion and sunscreen while you're loading up the daypack.
What's the budget pick that doesn't feel grim?
Zaya Hostel is the no-brainer here, 8.5/10 rating, the best-reviewed hostel in town, on Peace Avenue and 5 minutes from the museums. Around ~$34/night. If you want to go even cheaper, Gobi Guest House does dorm beds from ~$7 and private rooms from ~$19.
How long should I actually stay in Ulaanbaatar itself?
3 to 5 days is plenty for the city itself, Sukhbaatar Square, the National Museum, Gandantegchinlen Monastery, Zaisan Memorial, and the Black Market. If you want to add a steppe trip to Terelj or Hustai National Park (and you should), tack on another 2-3 days minimum.
T
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