Traveling by taxi is cheap in Budapest. Even though public transport is very easy to navigate, during the night especially if you are going back to your accommodations after a night of clubbing, taxi is a cheap and fast option.
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Use reputable companies Főtaxi, City Taxi or 6x6 Taxi.
Flat rate for a taxi journey is 300HUF (1.69$) (between 6:00am until 10:00pm) , 240 (1.35$) HUF for every additional kilometer and 57HUF(0.32$) for waiting.
The rates are lower if you call and order a taxi by phone then hail it in the street.
eHow Article: How to Travel by Taxi in Budapest
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