Montevideo doesn’t seem to get too much tourism all on its own, but it is a very popular (and quick) side trip from nearby Buenos Aires. The city may not be too special, but it’s the gateway to many wonderful ranch-stays in the region, and it’s worth a couple days at the very least.
Generally speaking everything in Montevideo is a bit cheaper than it is in Buenos Aires. Most of the main sights and attractions are either free or cheap, so one doesn’t have to spend a fortune once they have a place to sleep.
Hotels in Montevideo usually offer good value, with more expensive places usually having the premium locations. There are also plenty of hostels in the city that offer great value to the backpacking set.
Food and drinks are quite a bargain to most people, with amazing pieces of beef and good quality wine being as cheap or even cheaper than in Buenos Aires.