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The tough thing about staying in Boston isn't just finding a place its finding your way around. Make sure that you stay near a T-station, its a tough enough subway system as it is but its better than taking a cab.
I know there are a at least a couple Days Inn on Soldiers Field Rd so you should be able to find a room. They should be right around 100 dollars and not the 300-400 you see at a lot of places. All the big cities are expensive. We are planning our Chicago trip right now and its the only place we don't have a free place to stay. Of course my wife likes to stay at nice places so 300 bucks a night here we come.
I think I probably have a much better chance at MIT than any of the schools I'm applying to (because of my engineering background and quite a few people from my company got into MIT who are engineers with similar backgrounds), but I really didn't like the campus nor the business school area when I visited this past April.
Oh yeah, for those of you visiting, BE CAREFUL of the cab rates from Cambridge to the airport. There's some stupid rule where if you're going to the airport from anywhere other than Boston, it's $45 + tip or something like that. I went on a business trip, so I didn't care, but it would suck for those of you paying out of pocket. Just a warning.
Harvard campus is GORGEOUS... too bad I have no interest in applying there either...
Your best bet is to stay in Boston then take the T to MIT. Check the Days Inn, I think the rates there are about as good as you will find close to the city...as long as you are looking for a bed and thats all that matters.
Check out this awesome article about Anderson on Poets Quants, http://poetsandquants.com/2015/01/02/uclas-anderson-school-morphs-into-a-friendly-tech-hub/ . Anderson is a great place! Sorry for the lack of updates recently. I...