Kaimana Inn came highly recommended on TripAdvisor, and is actually one of the more economical options on Easter Island, where everything is steep. There is a dearth of reasonably-priced mid-range hotels, and as such, the only two categories on the island seem to be either luxury resorts priced between $800-$1,000 per night, or rustic bed and breakfasts owned by local families. The low-end option, however, doesn't come cheap either. Expect to spend at least $100 per night minimum on accommodations that are more akin to hostels.
The owner, Marcelo, offers complimentary airport pickup and drop-off, which was very convenient. One of the best things about Kaimana Inn is its location. Just five minutes away from the airport, right in the center of Hanga Roa, it is a great base to explore the town and surrounding area. The little side street it is on also minimizes noise from the main road (not that there is a lot of noise on the main road anyway).
Main street in Hanga Roa
Side street to Kaimana Inn
Kaimana Inn entrance