Try The Daddy O Hotel on the island behind Bal Harbor Mall. Great boutique hotel, parking is metered between 8 am and 6 pm but fee at other times. Depending on the time of the year and how far in advance you make your reservations, it can be a low as $109 per night. Another option is book a room, a condo, or a home in the area on www.airbnb.com. We booked a house with a private pool on Memorial day for $200 per night.