loserlou has indicated that this thread is about USA
Why are you going to 2 of the most expensive cities here? Yes, I can see NYC - it's just plain exciting, but LA is expensive and not exciting (unless you call their maze of freeways exciting???)
In any case, you don't really want to go to the absolute cheapest locations in either area! - they would be rather dangerous!!! I'm sure Hoboken is cheap, but by the time you pay the transit costs into/out of Manhattan, they're no longer cheap. Why not look over the list on the ?
The least expensive place to stay in NYC is Hostel International - must sees depends on what you are into
large assortment of museums, halloween parade in the village, lighting of the christmas tree at rockefeller center, shopping, statue of liberty, empire state building, dining, shows, nutcracker at lincoln center, philarmonic, top of the rock, sports etc
You should try your best to stay in Manhattan when in NYC. Just pick any (somewhat) affordable place in Manhattan that is close to a subway line. I agree with the hostel recommendation, esp. if there is a kitchen as this can help with the cost of meals (if you are willing & able to cook).
Also, the drinking age is 21 in the US. Potential problem for your friends if you all want to go to a club/bar.
Since there's a group of you and you are going to be in each place for a length of time, I might suggest looking for a couple sublets. I sure each city would have individuals places to look, and of course craigslist is always a good place to start. Good luck!
I would skip LA and stay in San Francisco instead. LA has no real public transportation system and it's not worth visiting for more than a couple days. Without a car, LA will be horrible for you.
San Francisco is beautiful, interesting, has an amazing public transportation system, and is centrally located enough for an overnight trip (via train or bus) to Lake Tahoe and Reno. Tahoe is not to be missed!
I would look for an apartment for a short-term let in both San Francisco and New York. They are out there - and for a longer stay they are an affordable option. You'll save loads of money eating in rather at restaurants. Check out www.vrbo.com.
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