Stand around the last queen seen in cheap accommodation aboard (8)
I believe the answer is:
steerage
'cheap accommodation aboard' is the definition.
(historical type of accommodation on a ship)
'stand around the last queen' is the wordplay.
'stand' becomes 'stage' (**).
'around' is an insertion indicator.
'last' says to take the final letters.
'queen' becomes 'er' (abbreviation for Elizabeth Regina).
The final letter of 'the' is 'e'.
'e'+'er'='eer'
'stage' placed around 'eer' is 'STEERAGE'.
'seen in' acts as a link.
(Other definitions for steerage that I've seen before include "The cheapest fares" , "cheap way to travel" , "It's the cheapest way to go by sea" , "Cheapest part of passenger ship" , "Cheap part of ship" .)