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I've stayed in Secaucus and Rutherford before (in NJ) About 30-40 min bus ride to the Port Authority and it's a bit cheaper than staying in Manhattan. I'm not sure if there's any hotels in Hoboken near the ferry but that's another option as well if you don't mind staying outside of Manhattan. Plus clothing and shoes are tax free in NJ.
I've stayed at the New Yorker last time I was in Manhattan. It was about $400/night for the 5 of us. Not cheap but was super convenient. It fit 5 of us comfortably if that's something you're looking for.
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