I would personally suggest the Delphin - next to the PLayro is Sosua.
Tourist area - local transport to major towns and the manager there will do long stays for $20 a night. Basic but functional rooms and close to everything.
I think you should be able to live a basic life style on that money, room, food and drink will not be a problem - but it depends on how you want to "party" of a night time!
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