Budapest delivers a stunning setting at a bargain price. The city straddles the Danube with grand architecture, buzzing ruin bars, and thermal baths you can soak in year-round, all for a fraction of Western European costs. It has a huge, well-established international student scene, partly thanks to big medical and business universities, so the social infrastructure is excellent.
The downsides: Hungarian is one of Europe's hardest languages and looks nothing like anything you know, though you rarely need it. The political climate is more conservative and the bureaucracy old-fashioned. Winters are cold and grey. But as a place to live cheaply, party hard, and travel widely from a genuinely gorgeous base, Budapest is one of the strongest picks on the continent.

