Here you can find a list of Hotels in Montpellier:
http://web.lupm.univ-montp2.fr/article.php3?id_article=237
A couple of less expensive Hotels are:
Hotel des Etuves: http://www.montpellier-hotel.com/
Hotel Majestic: http://www.hotelmajestic.hostel.com/
Hotel de la Comedie: http://www.hotel-montpellier-comedie.com/
http://web.lupm.univ-montp2.fr/article.php3?id_article=237
A couple of less expensive Hotels are:
Hotel des Etuves: http://www.montpellier-hotel.com/
Hotel Majestic: http://www.hotelmajestic.hostel.com/
Hotel de la Comedie: http://www.hotel-montpellier-comedie.com/