Located in the center of Tel Aviv just off Dizengoff Square on a quiet street, Center Hotel has recently been completely renovated, but still offers relatively low rates

 

Center Hotel offers a relaxed atmosphere, clean rooms and an efficient service. The hotel isn't located on the  Yarkon Street, a favourite with hotels in Tel Aviv, and so offers a more unique accommodation experience (though it does mean you will have no sea view). There is no pool in the hotel, but the beach is only a short walk away (5-10 min). The rooms have air-conditioning, TV, radio, bath/shower and othe basic amenities, and there is Wi-Fi connection in the lobby.  
Center is another of the local Atlas chain of hotels, which usually offers good value for money and keeps a high standard and distinctive style (Cinema Hotel is another hotel owned by the same chain).

 

To summerize, if you're more into sunbathing and swimming, this hotel would not be the right option, but if you like to combine and get the vibe of the city off the beaten tourist track, Center Hotel is a very good option. 

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Address: 2 Zamenhoff St. 
Tel: (+972-3) 629-6181
Site: http://www.atlas.co.il/en/Center_Hotel_Tel_Aviv.asp