Budget Scale
Editor Rating: 5-Bogota can be done on a backpacker budget, and it isn't too hard to get by on $30-40USD per day. You can get a good, private, double room in a nice, clean hostel for $25/night.
Indie Travel Scale
Editor Rating: 7-Bogota is an up and coming city that is much safer than it was 10-15 years ago, and the people are eager to show off what their city has to offer. They have plenty of unique sites to see that are unlike what many cities have to offer.