Any suggestions for accommodation here? We are trying to keep to $100 or less.
I can't recommend any specific accomodations in Meissen. When I visited Meissen, it was done as a day trip r/t. If you stay in Dresden, you could take the S-Bahn to Meissen from Dresden Hbf. I'm assuming you don't have a rental car and will be taking the train.
We stayed at Hotel Goldgrund in Meissen and enjoyed our stay in 2006. It was in our budget; quite a bit cheaper than any other place near town. The staff was moderately friendly and knew some English and the rooms were large and clean. Our room had a private bathroom (I can't remember if that is standard). It is on a hill so be prepared for hiking some stairs. Also, they don't have a restaurant but they do include breakfast in the morning. There is a restaurant at the hotel next door (I forget the name). By the way, we loved Meissen and Dresden. It is one of my favorite destinations in Europe.