Find the best ryokans in Nagano for a stay surrounded by the Japanese Alps, historic temple towns, and relaxing hot springs. This inland prefecture is ideal for travelers who want mountain scenery, onsen culture, and easy access to highlights such as Zenko-ji Temple, Matsumoto, Kamikochi, the Kiso Valley, and the snow monkey area around Yudanaka and Shibu Onsen. Ryokan options range from quiet countryside inns to traditional hot spring stays in places like Togura-Kamiyamada, Bessho, Tateshina, and Achi. Nagano suits couples, hikers, skiers, and anyone seeking a slower, nature-focused Japanese escape.
172 ryokan(s) shown out of 172 in this region.
10.0
636 reviews
Sui Suwako
This is a very small, upscale lakeside ryokan in Suwa with just eight rooms, all oriented around private open-air bathing and a calm couples-foc…
10.0
50 reviews
Yura No Yado Seifuen
A solid Hirugami Onsen stay in Achi for travelers who want a traditional ryokan base with hot-spring bathing, roomy accommodations, and easy acc…
10.0
10 reviews
信州の古民家宿 真秀ろばmahoroba
A strong pick for travelers who want a genuinely atmospheric old-country-house stay near Nagano rather than a standard city hotel. Choose it for…
9.9
2 reviews
Oyado Nagomino
A strong choice for travelers who want a quiet hot-spring stay in the woods of Hotaka Onsenkyo rather than a town-center hotel. It suits couples…
9.7
337 reviews
Takimi Onsen Inn that only accepts one group per day
This is a highly distinctive private-stay onsen inn in Azuma, Nagiso, set in a secluded natural area and designed for just one party per night.…
9.6
75 reviews
Jinpyōkaku Honten
A small, character-rich ryokan in Kanbayashi Onsen, Yamanouchi, best for travelers who want a quiet, traditional stay near the Snow Monkey Park…
9.6
58 reviews
Keikoku no Yu, source blanche de Shiga Kogen
A refined hot-spring ryokan in the Shiga Kogen area, this property is best for travelers who want a quiet mountain stay with distinctive milky-w…
9.5
131 reviews
Bergtour Marukita
A well-regarded traditional stay in Hakuba that stands out for warm service, strong meal satisfaction, and a convenient base for Happo and resor…
9.5
66 reviews
Fujiiso
Fujiiso is a refined mountain ryokan in Yamada Onsen, Takayama Village, Nagano, best suited to travelers who want quiet scenery, polished tradit…
9.5
228 reviews
Happokan
A strong pick for travelers who want a warm, traditional stay in Hakuba with an onsen and easy ski-bus access. It is especially appealing for wi…
9.5
111 reviews
Nakamatsuya Ryokan
A solid choice for travelers who want a classic onsen stay in the center of Bessho Onsen with strong meals and scenic baths. It is less ideal if…
9.5
708 reviews
Nunoya Ryokan
Nunoya Ryokan is a characterful small inn in Matsumoto’s Nakamachi area, best for travelers who value historic atmosphere and walkable sightseei…
9.5
31 reviews
雀の宿 やぐら Suzumenoyado Yagura
A small family-run ryokan in the Norikura Kogen area of Matsumoto that stands out for warm hospitality, private bathing, and strong meal quality…
9.4
64 reviews
Kyousen
Kyousen appears to be a small luxury ryokan in Kawaji, Iida, Nagano, set by the Tenryu Valley and geared toward a quiet, high-comfort stay. It i…
9.4
296 reviews
Shibu Hotel
A characterful ryokan in Shibu Onsen that stands out for warm hospitality, access to the classic bathhouse-hopping experience, and a nostalgic a…
9.4
148 reviews
Tamaya Ryokan
This is a small historic ryokan in Bessho Onsen, Ueda, suited to travelers who want a classic onsen stay with kaiseki meals and a quieter countr…
9.4
309 reviews
Yudanaka Tawaraya Ryokan
A solid pick for travelers who want a traditional Yudanaka onsen stay with memorable baths and easy access to the Snow Monkey area. It suits gue…
9.3
97 reviews
Bessho Onsen Midoriya
This is a modern small-scale ryokan in Bessho Onsen, Ueda, with a strong garden-and-private-onsen concept rather than a classic large communal-b…
9.3
998 reviews
Hotel Tsubakino
A polished onsen stay in Yudanaka Onsen with scenic baths, strong food-and-drink appeal, and an easy base for exploring the area. It suits trave…
9.3
73 reviews
Ishinoyu Lodge
Ishinoyu Lodge appears to be the property at 7148 Hirao in Yamanouchi, Nagano, in the Shiga Kogen area. It suits travelers who want a quieter mo…
9.3
128 reviews
Keiryuso Siorie
A small onsen ryokan in Sawando Onsen, Matsumoto, that works especially well for travelers heading to Kamikochi or Norikura. It is a strong choi…
9.3
233 reviews
Matsumoto Jujo
Matsumoto Jujo is a distinctive design-led onsen stay in Asama Onsen, Matsumoto, combining a bookish adults-leaning atmosphere with family-frien…
9.3
605 reviews
Senjukaku
A refined historic onsen ryokan in Kanbayashi Onsen, Yamanouchi, best suited to travelers who want a traditional high-end stay near the Snow Mon…
9.3
15 reviews
Sunrise Meiji-ya
A solid pick for travelers who want a simple, traditional stay in Nozawa Onsen with excellent access to the village and ski area. It is especial…
9.3
148 reviews
Tsutaya Tokinoyado Kazari
A polished countryside ryokan in Kaida Kogen that suits travelers who want quiet scenery, hot-spring time, and a more refined stay outside the u…
9.2
56 reviews
Club Wyndham Shirakabaso Shigakogen
A strong pick for travelers who want to stay inside the Shiga Kogen ski area with easy bus access, on-site meals, and onsen facilities. It is le…
9.2
56 reviews
Daymaruya Ryokan
A strong pick for travelers who want a classic Shibu Onsen stay with warm hospitality and easy bath-hopping. It is less ideal if you want modern…
9.2
4 reviews
Kitashiga Holiday Inn
A practical slope-side stay in the Kita-Shiga/Yomase area that works best for skiers and families who want convenience over luxury. It is a stro…
9.2
536 reviews
Minshuku Miyama
This is a well-reviewed small ryokan-style minshuku in Yamanouchi, Nagano, suited to travelers who want a traditional stay near Shibu Onsen and…
9.2
721 reviews
Mitsubikiya
Mitsubikiya appears to be a small traditional-style inn in central Matsumoto, Nagano, close to both Matsumoto Station and Matsumoto Castle. It l…
9.2
171 reviews
Oiwakeya Ryokan
A strong choice for travelers who want a polished traditional ryokan stay in Matsumoto with standout meals and a calm onsen setting. It is less…
9.2
261 reviews
Yorozuya
This is a classic onsen ryokan in Yamanouchi, Nagano, known for its historic atmosphere, notable baths, and strong traditional stay experience.…
9.1
26 reviews
Hatsunoyu
A solid pick for travelers who want a simple stay in Shibu Onsen with strong hospitality and easy access to the monkey park area. It suits guest…
9.1
358 reviews
Ichinoyu Katei
A small traditional ryokan in Shibu Onsen that suits travelers who want a classic onsen-town stay with easy access to the Snow Monkey Park. It i…
9.1
2,535 reviews
Jizokan Matsuya Ryokan
A characterful traditional ryokan in Nagano City with an exceptionally strong location for visiting Zenko-ji Temple. It is a great fit if you wa…
9.1
37 reviews
Nanakusa no Yu, Bessho Onsen
A strong pick for travelers who want a polished ryokan stay in the heart of Bessho Onsen with scenic baths and easy walking access to the town’s…
9.1
240 reviews
Ryokan Warabino
This is a small rural onsen ryokan in Takayama Village, Nagano, suited to travelers who want quiet scenery, local food, and a traditional stay r…
9.1
23 reviews
Sawaemon
A small, characterful ryokan above Lake Shirakaba that stands out for private open-air baths, mountain views, and a more intimate stay. It suits…
9.1
116 reviews
Sekitaitei Ishida
A refined ryokan in Achi’s Hirugami Onsen area, it stands out for its intimate scale, Japanese garden setting, and rare in-house Noh stage. It i…
9.0
41 reviews
Aritaya Ryokan
This is a small, traditional ryokan in Kamiyamada Onsen, Chikuma, suited to travelers who want a quiet local onsen stay rather than a polished l…
Top 10 ryokans in Nagano
Ranking based on overall rating and review volume. Includes this category and its subcategories.
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🥇 1Sui Suwako10.0/10 · 636 reviews
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🥈 2Takimi Onsen Inn that only accepts one group per day9.7/10 · 337 reviews
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🥉 3Yura No Yado Seifuen10.0/10 · 50 reviews
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4Nunoya Ryokan9.5/10 · 708 reviews
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5Happokan9.5/10 · 228 reviews
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6Bergtour Marukita9.5/10 · 131 reviews
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7Yudanaka Tawaraya Ryokan9.4/10 · 309 reviews
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8Shibu Hotel9.4/10 · 296 reviews
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9Jinpyōkaku Honten9.6/10 · 75 reviews
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10Nakamatsuya Ryokan9.5/10 · 111 reviews
Traveler itineraries including Nagano
Ryokans from Nagano appear in 41 public itineraries.
3 days – Fukushima > Wakayama > Nagano
3 stops2 days – Nagano
2 stops5 days – Hokkaido > Kumamoto > Shizuoka > Kyoto
5 stops5 days – Mie > Nagano > Ishikawa > Saga
5 stops4 days – Mie > Nagano > Shizuoka > Kanagawa
4 stops3 days – Nagano > Mie > Tokyo-to
3 stops3 days – Nagano > Tokyo-to > Oita
3 stops2 days – Gunma > Nagano
2 stops2 days – Nagano > Oita
2 stops2 days – Wakayama > Nagano
2 stopsBest time to visit Nagano
Nagano is strongest in snowy winter, alpine spring, cool summer highlands, and long autumn foliage.
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JanuaryGood8/10WeatherDeep winter across much of the prefecture, with heavy snow in northern resorts and cold dry conditions in basin cities.TemperatureDay -1°C - Night -10°CSnow Cold Mountain Access LimitsGood forPrime ski and onsen season.Watch outSnow can disrupt mountain transport.SeasonNozawa Onsen Fire Festival; peak snow season.TipBook ski-area ryokan early and allow extra transit time for snow.Busy
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FebruaryExcellent9/10WeatherVery cold and snowy in alpine and northern areas, with crisp air and reliable winter scenery.TemperatureDay 0°C - Night -9°CSnow Cold Clear AirGood forBest snow monkeys and winter scenery.Watch outVery cold outside onsen towns.SeasonNagano Tomyo Festival; snow monkeys; ski peak.TipGreat month for ryokan plus winter illuminations and hot-spring stays.Busy
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MarchGood7/10WeatherWinter lingers in the mountains while lower areas begin to thaw; conditions vary sharply by elevation.TemperatureDay 5°C - Night -4°CLate Snow Freeze Thaw Variable ConditionsGood forLate ski season with fewer crowds.Watch outPatchy conditions between snow and thaw.SeasonLate snow season; early thaw in lower valleys.TipCheck elevation-specific conditions before planning hiking or road trips.Moderate crowds
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AprilExcellent9/10WeatherSpring reaches lower valleys and cities first, while snowy peaks remain visible above blooming trees.TemperatureDay 11°C - Night 2°CCherry Blossoms Cool Nights Snowy PeaksGood forCherry blossoms with alpine backdrops.Watch outHigh elevations remain chilly.SeasonCherry blossoms spread across Nagano; Kamikochi opens mid-April.TipTime blossom trips carefully because flowering progresses by altitude.Moderate crowds
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May Current monthExcellent9/10WeatherFresh green landscapes, mild days, and cool nights make this one of Nagano’s most comfortable travel months.TemperatureDay 17°C - Night 8°CFresh Greenery Pleasant Temperatures Clear ViewsGood forComfortable weather for ryokan touring.Watch outGolden Week brings heavy demand.SeasonFresh greenery; alpine scenery; Golden Week crowds.TipAvoid early May holidays if you want quieter inns and roads.Busy
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JuneGood7/10WeatherEarly summer is cool by Japanese standards, though rain and cloud increase during the tsuyu season.TemperatureDay 20°C - Night 13°CRainy Season Green Landscapes Cooler HighlandsGood forCooler than major lowland cities.Watch outRain and cloud can hide views.SeasonRainy season begins; lush forests and highlands.TipA good month for quieter onsen stays and hydrangea season near temples.Moderate crowds
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JulyGood8/10WeatherWarm in cities but still comparatively cool in mountain resorts and highland areas; afternoon rain is possible.TemperatureDay 24°C - Night 17°CSummer Greenery Mountain Storms Highland EscapeGood forCool highlands and alpine walks.Watch outHoliday crowds build late month.SeasonKamikochi and highlands in full green season.TipChoose elevation for comfort: resorts feel far cooler than valley cities.Moderate crowds
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AugustMixed6/10WeatherWarmest month, though still milder in highlands than much of Japan; busy holiday travel season.TemperatureDay 26°C - Night 18°CSummer Heat Mountain Storms Holiday CongestionGood forBest month for cool mountain escapes.Watch outObon crowds and high prices.SeasonPeak alpine sightseeing season; Obon travel rush.TipReserve ryokan and mountain transport early, especially around mid-August.Very busy
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SeptemberGood8/10WeatherEarly autumn begins in high elevations first, with cooler nights and improving conditions after summer heat.TemperatureDay 21°C - Night 14°CCooler Nights Early Foliage At Altitude Occasional RainGood forEarly alpine autumn colors start.Watch outWeather can still be unsettled.SeasonEarly foliage begins in highest areas; harvest season.TipExcellent for mixed onsen, food, and scenic drives at higher elevations.Moderate crowds
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OctoberExcellent10/10WeatherClear air, crisp mornings, and broad foliage progression make October Nagano’s standout travel month.TemperatureDay 15°C - Night 7°CAutumn Foliage Clear Skies Cool MorningsGood forBest foliage and crisp mountain views.Watch outPopular spots get crowded.SeasonPeak foliage from highlands to valleys.TipBook early for Kamikochi, mountain roads, and foliage-season ryokan.Busy
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NovemberGood7/10WeatherLate autumn in towns and valleys, with colder nights and early snow returning to higher elevations.TemperatureDay 9°C - Night 1°CLate Foliage Cold Nights Early SnowGood forLate foliage and quieter inns.Watch outSome alpine areas close mid-month.SeasonLate foliage; Kamikochi closes mid-November.TipGood value month for castle towns, onsen, apples, and soba.Moderate crowds
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DecemberGood8/10WeatherWinter returns quickly, especially in the north and mountains, while cities turn sharply colder and drier.TemperatureDay 2°C - Night -6°CEarly Snow Cold Winter OpeningsGood forEarly powder and festive onsen atmosphere.Watch outNot all resorts peak yet.SeasonSki season starts; winter illuminations begin.TipBest later in the month once more resorts and snow activities are running.Moderate crowds
How long to stay in Nagano
Nagano rewards slower travel because distances, elevation, and seasonal access make multi-stop trips more practical than rushed overnights.
Plan 3 to 4 nights for a balanced Nagano trip with a ryokan stay, onsen time, and either alpine scenery, culture, or seasonal outings.
Quick onsen break
2 nightsOne ryokan town plus nearby sightseeing
Best for Shibu-Yudanaka, Nozawa Onsen, Bessho Onsen, or a Matsumoto-based stay with one major side trip.
Choose one base and avoid changing hotels.
Classic first trip
3 to 4 nightsRyokan, scenery, and culture
Enough time for a castle town or temple area, an onsen stay, and one alpine or seasonal excursion.
Ideal balance for most travelers.
Season-focused trip
4 to 5 nightsAutumn foliage, winter sports, or spring blossom routes
Useful when combining distant areas like Matsumoto, Kamikochi, Hakuba, Zenkoji, or the snow monkey area.
Best if you want scenic drives or train-and-bus touring.
- Distances are longer than they look because mountain routes slow travel.
- Kamikochi is open from late April to mid-November only.
- Winter road and rail timing can change in snowy areas.
- A two-base trip often works better than changing ryokan every night.
Nagano seasonal events calendar
These are recurring named Nagano events and seasonal highlights useful for trip timing; exact annual dates can shift.
Nozawa Onsen Fire Festival
Nozawa Onsen
Famous village fire festival and one of Nagano’s signature winter events.
Excellent if you want deep winter atmosphere and a traditional onsen town.
Matsumoto Castle Ice Sculpture Festival
Matsumoto
Ice carving competition and illuminated sculptures around the castle.
Pair with a Matsumoto ryokan or city stay.
January is one of Nagano’s best months for snow festivals and onsen culture.
Nagano Tomyo Festival
Nagano City, Zenkoji area
Lantern and light event commemorating the Nagano Winter Olympics.
Good for a winter city break with temple atmosphere.
Bessho Onsen Ice Lantern Festival
Bessho Onsen, Ueda
Ice lantern illuminations around temple and onsen streets.
Strong choice for a romantic ryokan stay.
Winter scenery remains excellent, especially in northern Nagano.
Few major seasonal events
Across Nagano
Late winter sports continue while lower valleys slowly shift toward spring.
Best for lower crowds and end-of-season snow trips.
Month is highly elevation-dependent across the prefecture.
Kamikochi Opening Season
Kamikochi
The alpine valley reopens for the green season after winter closure.
Great for snowy peaks and early spring scenery.
Cherry blossom season
Across Nagano
Bloom timing moves through cities and valleys with altitude differences.
Excellent for Matsumoto, Ina Valley, and temple landscapes.
Bloom timing varies widely depending on elevation and latitude.
Fresh green season
Across Nagano
New leaves, alpine panoramas, and mild weather create ideal touring conditions.
One of the best months for ryokan road trips.
Golden Week raises prices and occupancy early in the month.
Few major seasonal events
Across Nagano
Rainy season starts, but forests, temple grounds, and onsen towns turn lush.
Good for quieter stays and lower-pressure sightseeing.
More useful for low-crowd travel than for marquee festivals.
Highland green season
Kamikochi, Norikura, Hakuba and other uplands
Mountain scenery is at its lush summer peak and hiking access improves.
Best for travelers escaping lowland heat.
Named events vary by town; highland scenery is the main draw.
Seiji Ozawa Matsumoto Festival
Matsumoto
Major classical music festival founded by conductor Seiji Ozawa.
Excellent for combining culture with a Matsumoto stay.
Obon makes transport and accommodation especially busy.
Sanada Jumangoku Festival
Ueda
Historical parade and Sanada-clan themed event in castle town Ueda.
Good for samurai history fans.
Early foliage season
High elevations
Autumn color begins first in alpine and highland areas.
Ideal for scenic mountain drives and ropeways.
A strong month for food, harvest scenery, and cooler weather.
Autumn foliage peak
Kamikochi, Shiga Kogen, Togakushi and other uplands
Nagano’s most famous leaf-viewing season spreads through mountains and valleys.
Top month for classic scenery and ryokan stays.
Popular foliage areas can become very busy, especially on weekends.
Late foliage season
Lower elevations and castle towns
Color lingers in valleys after alpine areas fade and close for winter.
Good for quieter sightseeing with seasonal food.
Kamikochi closes in mid-November and some mountain routes wind down.
Winter illumination season
Select cities and resort areas
Winter lights and early ski openings begin as snow returns.
Best later in the month for a fuller winter atmosphere.
A transition month between autumn touring and peak winter travel.
Practical Nagano ryokan FAQs for choosing the right stay
Which ryokan in Nagano is best for a private onsen stay for couples?
Sui Suwako is the clearest fit if private bathing is your priority. Every room has its own open-air bath facing Lake Suwa, and the inn is very small and couples-focused. If you want a more design-led private-bath stay near Matsumoto instead, Matsumoto Jujo is the stronger alternative because all rooms include private open-air baths, but access is less station-convenient and the layout is more spread out.
Choose Sui Suwako for a smaller, more intimate lakeside couples stay; choose Matsumoto Jujo for a more design-focused private-bath experience.
Where should I stay in Nagano for the Snow Monkey Park: Jinpyōkaku Honten, Shibu Hotel, or Yudanaka Tawaraya Ryokan?
Jinpyōkaku Honten is the best match if Snow Monkey Park access matters most and you also want a quiet, historic ryokan feel. It is very close to the park approach and has only six rooms, so the stay feels calm and traditional. Shibu Hotel is better if you want classic Shibu Onsen atmosphere and bathhouse-hopping, while Yudanaka Tawaraya Ryokan is the easiest if you want simpler station access from Yudanaka.
Pick Jinpyōkaku Honten for the closest traditional stay near the monkeys; pick Shibu Hotel if the old onsen-town experience matters as much as the park.
What is the best ryokan in Nagano near Matsumoto Castle and the old town?
Nunoya Ryokan is the strongest choice if you want a traditional stay close to Matsumoto Castle, Nakamachi Street, and Nawate Street. It is walkable from Matsumoto Station and keeps an old wooden-inn atmosphere. Mitsubikiya is the better alternative if meals are a bigger part of your stay and you like a very small historic townhouse feel, but shared facilities and older-house quirks are a clearer tradeoff there.
Choose Nunoya for the most balanced sightseeing base; choose Mitsubikiya if you want a more intimate heritage stay and do not mind shared facilities.
Which Nagano ryokan is easiest without a car?
Hotel Tsubakino is one of the easiest car-free choices because it is a short walk from Yudanaka Station and still works well for Snow Monkey Park, Shibu Onsen, and Shiga Kogen outings. Nunoya Ryokan is the better alternative if you want a city stay in Matsumoto with walkable station access and castle-town sightseeing, but it is not an onsen retreat. The right choice depends on whether you want rail convenience with hot springs or with urban sightseeing.
Pick Hotel Tsubakino for a station-friendly onsen stay; pick Nunoya Ryokan for a station-friendly city stay without onsen.
Which ryokan in Nagano is best for a luxury small-inn experience?
Sui Suwako is the strongest luxury small-inn choice if you want an upscale, intimate ryokan with only eight rooms, private room baths, private dining, and Lake Suwa views. Fujiiso is the better alternative if your idea of luxury is a secluded mountain retreat with ravine views and a slower countryside mood. Sui Suwako feels more polished and couple-oriented, while Fujiiso suits travelers who value scenery and quiet over convenience.
Choose Sui Suwako for intimate lakeside luxury; choose Fujiiso for a more remote scenic retreat.
Which Nagano ryokan is best for a relaxing onsen town stay in Bessho Onsen?
Nakamatsuya Ryokan is the safest overall choice for Bessho Onsen if you want scenic baths, strong meals, and easy temple-area walking. It also has convenient station pickup, which helps with the final arrival. Bessho Onsen Midoriya is the better alternative if private bathing matters more than big communal-bath atmosphere, since its concept leans heavily toward private baths and garden views. Midoriya is more modern-small-scale; Nakamatsuya feels more traditionally rounded.
Pick Nakamatsuya for the fuller classic Bessho Onsen experience; pick Midoriya for quieter private-bath privacy.
Which ryokan in Nagano is best for a ski trip in Hakuba?
Happokan is the better fit if you want a practical Hakuba base near the Happo bus terminal with an onsen and easy movement around the valley without a car. Bergtour Marukita is the stronger alternative if meals and a more traditional tatami-ryokan feel matter more, especially with its strong dining reputation and rooftop open-air bath. Neither is true ski-in ski-out, so the choice is mainly transport convenience versus a more classic ryokan atmosphere.
Choose Happokan for easier bus access; choose Bergtour Marukita for stronger meals and a more traditional onsen stay.
Where should I stay in Nagano for Kamikochi access and a proper onsen ryokan night?
Keiryuso Siorie is the strongest choice if your trip centers on Kamikochi access plus a proper ryokan evening. It is in the Sawando area, works well for early Kamikochi starts, and adds private-bath options and well-reviewed kaiseki dining. Suzumenoyado Yagura is the better alternative if you want more of a Norikura Kogen mountain-guesthouse feel with very warm hosting, but it is less directly positioned for Kamikochi-focused routing.
Pick Keiryuso Siorie for the strongest Kamikochi routing; pick Suzumenoyado Yagura for a cozier Norikura-based mountain stay.
Which ryokan in Nagano has the best food experience?
Oiwakeya Ryokan is a strong food-first choice because reviews repeatedly highlight both dinner and breakfast, and its dining includes seasonal kaiseki with upgrade options and local wine. Matsumoto Jujo is the better alternative if you want a more contemporary, design-led food experience with multiple on-site dining venues, bar space, and bakery elements. Oiwakeya is more classic ryokan cuisine; Matsumoto Jujo is broader and more lifestyle-oriented.
Choose Oiwakeya for a classic refined ryokan meal rhythm; choose Matsumoto Jujo for a more modern multi-venue food experience.
What is a good budget-friendly ryokan-style stay in Nagano without paying for full luxury?
Sunrise Meiji-ya is one of the clearest value picks if you want Nozawa Onsen location, ski practicality, and a traditional minshuku feel without luxury pricing. Mitsubikiya is the better alternative if you want a small heritage stay in central Matsumoto with strong meal value, but it is not an onsen stay and shared facilities are part of the tradeoff. Both are good value, but they suit very different trips.
Choose Sunrise Meiji-ya for value in an onsen-ski village; choose Mitsubikiya for value in central Matsumoto with heritage atmosphere.