If you don't have any problems with setting up base 16 kilometres away from the city's core, check out the neighbourhood of Izunagaoka. This area's got 3 accommodation options available, such as Shoheiso Ryokan and Sanyo-so.
For some alternatives, look at the Furuya Ryokan and the Kazeno Kaori. They are located 25 kilometres and 25 kilometres respectively from the main center. Wotif also suggests the Imaiso and the Resorpia Atami. The first is 25 kilometres away from the city, while the second is 30 kilometres away.
If you'd like to go to some close by cities, check out Numazu and Otemachi. Head 17 kilometres to the north from Izu and you'll discover Numazu. That said, Otemachi is 19 kilometres to the north. Hotels in Numazu include the Numazu Riverside Hotel and Hotel Massimo Mishima. The Hotel Miwa and Daiwa Roynet Hotel Numazu are some of the better ones in Otemachi.
Planning on flying to Izu? Your most convenient airport will be Mt. Fuji - Shizuoka Airport, 65 kilometres from the centre of Izu. Visitors can stay close by at the Hotel Route-Inn Shimada Ekimae.
Hotels in Izu start at AU$90 per night. Prices and availability subject to change. Additional terms may apply.