Well, accommodation was more expensive than expected on Koh Tao. As long as you don't do some dives, prices tend to be quite high. Sairee Beach Hut Resort had by far the best value we found. They have two different kind of bungalows, smaller with fan only and newer and bigger ones with fan and aircon. We opted for the newer ones as they looked a lot nicer and paid 700 THB/night (without aircon though).
The staff was very friendly and helpful and the food in their restaurant was yummy.
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Theme: Pension/Guesthouse
Comparison: less expensive than average
Prices: less than US$20
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Other Contact: saireebeachhutresort@hotmail.com