Munich's allure changes with the seasons, and so do travel costs. The peak tourist periods, including the warm summer months (June, July, August) and the world-famous Oktoberfest (late September, early October), see a significant rise in demand, particularly for accommodation. This can translate to hostel dorms costing up to "45 EUR and mid-range hotels reaching ",170 EUR per night.
To maximize your budget, consider visiting during the shoulder seasons (spring or late autumn) when the weather is pleasant, crowds are thinner, and prices for some activities like guided city tours (",22.50 EUR) and day trips to Neuschwanstein Castle (",65 EUR) are more favorable.
The low season, typically January, February, and March, offers the most significant savings, with hostel dorm beds dropping to ",32 EUR and mid-range hotel rooms around ",120 EUR. While colder, this period provides a quieter, more local experience, often enhanced by festive Christmas markets if you catch the tail end of the season.