some recommended accommodations (offering sweet tea rates):

CLOSEST

Downtown Oxford Inn & Suites
400 North Lamar Blvd.
Oxford, MS 38655
P (662) 234-3031
F (662) 234-2834
Contact: Laine Dillingham
ldillingham@mmiemail.com
www.downtownoxfordinnandsuites.com

fine holiday inn-esque lodging (with pool!)

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CHEAPEST

Ole Miss Motel
1517 E. University Ave.
Oxford, MS 38655
P (662) 234-2424
Contact: Chan Patel

comfortable rock'n'roll roadside motel

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NORMALEST

Hampton Inn
110 Heritage Drive
Oxford, MS 38655
P (662) 232-2442
F (662) 513-0340
Contact: Emily Johnston
oxdms_hampton@hilton.com

Holiday Inn Express Hotel & Suites
112 Heritage Drive
Oxford, MS 38655
P (662) 236-2500
F (662) 236-7987
Contact: Emily Johnston
hiexp@vista-express.com

You know what these are like.

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There are many more hotels & bed and breakfasts, with various condo, house and apartment rentals also available.
For more options & info, contact Liza at sweettea@dixie-net.com.