Located in the southern state of Victoria, the Yarra Valley wine region is a world-renowned wine producing region that is home to many award-winning wines. With a magical combination of fertile soil, good weather, fun activities, and beautiful scenery, the Yarra Valley area is a must-visit destination for those that like to have a good time. Whether you're on a local wine tour of the area or enjoying the pleasant Yarra River, there is sure to be something for everybody. End the day at one of the terrific local fine dining establishments surrounded by loved ones. Visiting this region doesn't have to break the bank. With a range of prices, styles, and amenities, this list of cheap accommodations is sure to have something for everybody!