Now in its second edition, the Michelin Guide has just unveiled its latest selection of One-, Two- and Three-Key hotels across the globe.As you might expect, those at the higher end of the scale have the price tag to match, with some properties coming in at upwards of €5,000 per night.But that doesn’t mean you have to take out a second mortgage to experience the best hotels around the globe as there are some far more affordable One- and Two-Key options, particularly if you visit in off-season.From the 2026 selection, Michelin Guide has rounded up the best-value gems across the globe that will set you back between €130 and €220 a night.The most affordable Michelin Key hotels in EuropeItaly has the most hotels in Europe that have been awarded a Michelin Key, with 224 properties making the cut in 2026.For an option that won’t cost you an arm and a leg, take a look at La Barchessa di Villa Pisani in Vicenza.The 15-room Renaissance-style property is part of the City of Vicenza and the Palladian Villas of the Veneto UNESCO World Heritage Site, yet a stay here is just €155 a night.France boasts 220 keys, but for an affordable option around €160 per night, book a stay at Le Clair de la Plume.The property in Grignan is just moments away from a medieval castle and fields of lavender, and it’s also home to the Michelin-starred Le Clair de la Plume.The UK also has a healthy showing on the list, with 131 hotels with Michelin Keys.For a stay that will cost around €218 per night, try Tillingham Winery in Rye. This wine estate has just 11 rooms, plus two glamping tents, and the Michelin-selected Tillingham restaurant on-site.Spain has 122 Michelin Key hotels, and Can Mascort Eco Hotel in Costa Brava is among the most affordable.Priced between €95 and €157 a night, the restored 17th-century property focuses on wellness with its Roman bath-inspired spa area.Over in Greece, the best priced of its 74 Key hotels is Montanema Handmade Village in Thessaly.At this sustainability-focused spot, shoulder season rates are around €220 a night, and for that price you can relax by the pool or in the spa with a cave sauna.Last but not least, Neuwirt. Hotel & Wirtshaus in Bad Vigaun is among the least expensive of the 72 awarded hotels in Austria at €130 per night.The family-run hotel has just 24 rooms, and has been welcoming guests to experience its hospitality and local gastronomy for more than 100 years.