Accommodation
Cambridge is a tourist city, and so can be quite expensive to stay in. Because of this, however, there are also plenty of hotels. I would recommend using a hotel search engine if you want to see what is available.
Some of the nearest hotels to the venue include the Premier Inn and Travelodge on Newmarket Road, which are less than a mile away. There are also hotels near to both Cambridge train station and Cambridge North train station. All of these were built fairly recently, so they are probably pretty nice! Cambridge North is about 31 minutes walk away, and Cambridge station is about 36 minutes walk away.
If that is a bit pricey for you, you could try the Cambridge Youth Hostel, which is near to Cambridge train station.