One of several hotels in the centre of Iseo, the two-star, lakefront Milano is an excellent deal. The lake views are better than the slightly dated rooms, though you'll quickly forget about the furnishing details when you take a seat on the balcony to watch the sunset behind the mountains. There's a one-week minimum stay from mid-July to mid-August.
Equipped with a ground-floor restaurant, the Milano also offers half-board and full-board rates.