Greyhound has a "
discovery pass" which gives you unlimited travel for 7, 15, 30 or 60 days. Amtrak does offer different rail passes which are valid for a set period of days/segments, which would allow you get on/off the train a certain number of times. There's a 30 day/12 segment pass. Here's the
website. Ther'es also
multi-city tickets, which would allow you stop at various stations along the way, but you'd already have your on-ward travel booked. Which one is the better/cheaper option will depend on your travel style and how many stops you want to make, etc. but definitely worth checking out.
Here is the
N.P website for Grand Canyon listing all the public transportation options. You'll have to get to Flagstaff, AZ for most of them, but Flagstaff is serviced by both trains (from L.A) and buses (from Phoenix).
If you're making your way up to Grand Canyon as a day trip, I would recommend camping a night there (or right outside the park in the national forest), which would actually make it longer than a day trip, but it's a loong way up there only to turn around and head back. Plus, sunrise and sunset are the nicest times to be on the rim.
There are lots of budget hotels/motels in those cities, but not very many hostels. Hotels like Super 8, Days Inn, Motel 6, at the like (cheap, clean, basic road-side inns) will run around $50-70/night. If you can book in advance you can get cheaper rates (even booking online the day before gets you a better rate than a walk-up). Camping is nice in that area almost year-round - it can get cool at night in the winter/fall. The U.S has beautiful natural areas, so I always encourage visitors to take advantage of them whenever possible.
I actually haven't done a ton of camping in the lower section of the U.S along your route, but state or national parks are always great options. There is camping at the
Saguaro Wilderness Area outside Tuscon...that's the only one I can think of along your route off-hand. Some places have city-parks which allow camping - those are great for budgeting purposes as city hotel prices are usually higher ($80-100/night).
Each place is rather diverse, so it's hard to pick the "best," also considering I haven't spent as much time in the southwest as other areas. And I've never been to Big Spring, TX. But when I think of visiting that area, I think of the desert landscape and the architecture (tiled roofs and stucco).
If you budget wisely you could make the trip last a month with 1500 pounds. Hard to say what the exchange rate will be. And your route sounds reasonable to me.
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