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I had the occassion to be over by the Hard Rock yesterday (see morning thread for reason) and I took a bit to scope out the surrounding hotels.
Alexis Park (105.00/night) is still the best bet off site from Hard Rock but the rate isn't that different. However it is all suites.
Comfort Inn (80.00/night) & Terrible's (43.00-70.00/night) are on the low end of the spectrum but Terrible's the better value $$ wise, CI is better, location wise.
There is also an Embassy Suites (139.00) who's back door opens across from the back of the hard rock.
If you are driving or have a car, there is a small casino, The Tuscany on Flamingo/Paradise that is pretty decent and has rooms at about 80.00. The "problem" is that July in Vegas is 117 degrees so really it isn't walkable.
I don't know what kind of rates the Hard Rock is offering but the standard room is 199.00/night.
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