Apartments in Melbourne’s CBD rarely go below $100 but this exclusive Travelzoo deal from Metro Apartments on Bank Place is offering 4-star studio accommodation for just $99 per night.

Valid for stays on any night of the week, you will save up to 40% off the regular rate and receive a complimentary late checkout of 11am.

For travellers needing more space, you can upgrade your stay to a one-bedroom apartment, which is also discounted to just $104 per night.

This serviced accommodation is just minutes from Bourke Street Mall and a short tram ride from major sporting venues such as the Melbourne Cricket Ground or the Telstra Dome.

Studio apartments feature free in-room Wi-Fi, queen bedding and a kitchenette, while one-bedroom apartments also include a full kitchen with laundry and a queen bed with optional additional sofa bed (at an extra charge).

Valid for stays from 20 June until 11 January, 2013.

Book by 4 July.

Blackout dates: 23 June; 28-29 September; 6-7, 12-13, 19-21, 26-28 October; 2-11 November; 25-26, 31 December; 1 January.