Here are some budget friendly hotels we found near the area. If you plan on drinking please consider taking an Uber, they are plentiful. Or valet is $10. Street parking is available with quarters or via a pay-by-app option, and spaces can be limited on weekends.
Hotel
Seaside Laguna Inn & Suites
1661 South Coast Highway, Laguna Beach, CA 92651
This is where we will be staying, we are waiting until Jan/Feb for them to open reservations for June. Should only be about $220 / night. And it's right across the street from the restaurant :)
Hotel
La Ensenada Hotel Laguna Beach, Sonder
1600 South Coast Highway, Laguna Beach, CA 92651
Hotel
Crescent Bay Inn Laguna Beach
1435 North Coast Highway, Laguna Beach, CA 92651
Hotel
The Tides Laguna Beach
460 North Coast Highway, Laguna Beach, CA 92651
Hotel
Hampton Inn & Suites Mission Viejo
28682 Marguerite Parkway, Mission Viejo, CA 92692
Hotel
Laguna Inn And Suites
28742 Camino Capistrano, San Juan Capistrano, CA 92675