I was told the rooms were inexpensive, and for all intensive purposes, they were just fine - comfortable beds and clean bathrooms. They looked like any other nice-to-middle-of-the-road hotel rooms. And when you're exhausted from a glistening night out, they will suit you just fine.
Of course, taking into consideration the location, which seemed like it was almost in a neighboring city, the price of the room goes up when factoring in cab fare. I spent $25 getting a cab from Stratosphere back to the MGM Grand, where I was staying. Thus the price of the room increases. Even so, that is still far less than at some other places on the strip.