For a good deal, check out these cheap hotels in Shibukawa. Kindayu is a 3-star ryokan with free WiFi, free parking, and air conditioning. Another option is Ikaho Grand Hotel, a 3-star ryokan with free WiFi, free parking, and air conditioning.
These are some of our travelers' favorite hotels in the center of Shibukawa:
Though not in the heart of Shibukawa, you may want to visit famous sights in the larger area like Ikaho Onsen and Naeba Ski Resort.
Those who go to Ikaho Onsen often choose to stay in the area. Just 5 miles from central Shibukawa, this naturally heated water source can easily be reached from a number of accommodations. Joshinnosato Hibikino (0.2 miles away) is an excellent base if you don't want to waste more time than you need to getting there. You'll also discover great amenities and service at Hotel Tenbo (0.3 miles away) and Ikaho Onsen Ryokan Fukuzen (0.3 miles away).