Friend & I spent 1 week in Vienna & 1 week in Prague in 2006. We were able to rent a small apt. for LESS than a hotel room. Since we have dietary restrictions (veggie) this was GREAT.
We were able to shop at local stores (street marrket, Aldi & Tessco) expecially for breakfast/lunch/snack stuff.
We did NOT shortchange ourselves. We enjoyed coffee & pastries, ate dinner out most nights but were able to control our costs.
Also, we used public transportation and a BUNCH of foot power to get around and see the sights. No cabs. No car.
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