[wonderwes]

We did this last year when going to the Rose Bowl. We stayed in a strip hotel from the 27-30th. Pretty much the majority of rooms were booked, and the ones available were like $250+. Where did we stay on the 31st? Motel6. Yep, that huge Motel6 right across the street from MGM. It was actually a decent room (just small). All you need is a bed and shower anyways.

I must say it was cool watching all the midnight fireworks from the street. It hits New Years on the east coast, and it only 9pm in Vegas. Everyone seems to dress up since its New Years, and you just almost feel a buzz in everyone you saw the closer it got to midnight. Everyone I saw seemed to be in a good mood. I highly recommend it.

There are also plenty of house/condo rentals posted all over Craig's list.