The Best Cheap Hotels in Panama

Budget-Friendly and Affordable Places to Stay in Panama

Pedasi, Panama Pedasi, Panama

Does Panama have cheap hotel rooms? Yes, it does. Panama is an active destination filled with fun activities and sites. For travelers on a budget, finding an affordable place to stay is often a priority. So, if you're looking for where to stay in Panama on a budget, don't worry, as we have analyzed the best hotel deals in the area based on price, amenities, guest ratings, location, and nearby activities to find the best values. There are plenty of cheap stays available in the area that offer comfortable and relaxing accommodations at low prices, and many of these hotels have great features, too. From budget-friendly motels to hotels with a variety of amenities, there is something for everyone. So, how do you find cheap rooms in Panama? When searching for the best low-cost hotels, travelers should look for good options that offer a balance of price and comfort, with plenty of opportunities for relaxation. And that's exactly what you'll find with our suggestions below. Some of the best bargain and budget-friendly hotels in Panama also feature pools and other terrific amenities, providing guests with a great place to relax after a long day of exploring the area. Whether you're traveling solo or with a group, there are plenty of cheap places to stay available that will meet your needs and offer a price range that won't break the bank. With our researched guide below, you can find the best affordable hotels in Panama, ensuring a comfortable and enjoyable stay at an unbeatable price. So, let's get to it: here's where to sleep cheap in Panama.

(Prices are listed in U.S. Dollars.)

Riande Granada Urban Hotel

Panama City, Panama Province
4-star Hotel with prices starting at $58 (before taxes) - See All Prices
Among the Best Values in Panama
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
  • Outdoor pool

Located at Bella Vista, Calle Eusebio Avenida Morales, Riande Granada Urban Hotel has great rooms from $58 (before taxes). It offers an outdoor pool, room service, a restaurant, a fitness center, and a bar. It has a terrific 8.30 rating out of 10 from previous guests who have stayed here. Only a short distance from the city center, budget travelers will especially love a kid-friendly buffet, laundry services, a free breakfast, pet-friendly rooms, and a hot tub at this affordable hotel. Unwinding at the restaurant after sightseeing is a nice way to end the day. The price of this hotel is less than average for budget hotels, which makes it a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Kid-friendly buffet
  • Laundry service
  • Pets allowed
  • Hot tub
  • Air-conditioned
  • Family-Friendly


Tryp by Wyndham Panama Centro

Panama City, Panama Province
3-star Hotel with prices starting at $66 (before taxes) - See All Prices
One of the Best Inexpensive Hotels in Panama
  • Great Value: the price is lower than average for 3-star hotels.
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool

A great place to stay is Tryp by Wyndham Panama Centro which has nice rooms starting at $66. Offering an outdoor pool, room service, a casino, a restaurant, and a fitness center, it also has a great guest rating of 8.80 out of 10 from many previous guests. It's located at Via Veneto, El Cangrejo Bellavista. This relaxing hotel is also nice because it offers a bar, a kid-friendly buffet, laundry services, city views, and a hot tub which visitors will enjoy. Also, it's just a short drive from the city center. Make sure to set aside some time for swimming in the pool, too. It's also less than the average price for budget hotels, so it's a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Casino
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Kid-friendly buffet
  • Laundry service
  • Hot tub
  • Family rooms
  • Air-conditioned
  • Refrigerator
  • Airport shuttle
  • Family-Friendly


Riande Aeropuerto Hotel Casino

Panama City, Panama Province
4-star Hotel with prices starting at $103 (before taxes) - See All Prices
A Great Low Cost Hotel
  • Family-Friendly
  • Outdoor pool

We found Riande Aeropuerto Hotel Casino to be a great place to stay, and the price starts at $103. We loved that is has an outdoor pool, a pool bar, room service, a casino, and a restaurant, and it also has a terrific guest rating of 8.20 out of 10 from previous guests. It's located at Tocumen Avenue at the end of the South Highway. You'll also find a fitness center, a bar, a kid-friendly buffet, breakfast, and outdoor tennis which travelers will love. And this comfortable hotel is just a quick trip from the center of town. We love a fun pool bar, and this one is a nice spot to chill and relax by the pool.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Child pool
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Casino
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Kid-friendly buffet
  • Breakfast included
  • Laundry service
  • Pets allowed
  • Hot tub
  • Game room
  • Family rooms
  • Air-conditioned
  • Refrigerator
  • Playground
  • Family-Friendly


Hotel Ciudad de David

David, Chiriqui Province
4-star Hotel with prices starting at $92 (before taxes) - See All Prices
A Very Affordable Hotel
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool

With terrific rooms from $92, Hotel Ciudad de David, at Calle D. Norte Avenida 2da. Este provides an outdoor pool, room service, a casino, a restaurant, and a fitness center. Its terrific guest rating is 9.30 out of 10 from previous guests staying here. Budget travelers will really like this budget-friendly hotel which also offers a bar, laundry services, city views, a spa, and free parking. It's located just a short distance from the city center, too. We love the convenience of room service, and it's really nice here.

Budget Hotel Amenities
  • Outdoor pool
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Casino
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Air-conditioned
  • Family-Friendly


RIU Plaza Panama

Panama City, Panama Province
4-star Hotel with prices starting at $96 (before taxes) - See All Prices
A Terrific Cheap Hotel
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool

RIU Plaza Panama has a great guest rating of 8.80 out of 10, and offers an outdoor pool, a pool bar, room service, a restaurant, and a fitness center. The great rooms here start at $96 before taxes and depending on the season. It can be found at Calle 50 con 53 Este, Marbella. Furthermore, it also offers a bar, parking, laundry services, city views, and a hot tub, which is nice for visitors. Just a short drive from the city center, this low-cost hotel is a terrific choice. Having a hot tub at this hotel is also a nice splurge.

Budget Hotel Amenities
  • Outdoor pool
  • Parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Hot tub
  • Family rooms
  • Air-conditioned
  • Refrigerator
  • Airport shuttle
  • Family-Friendly


Global Hotel Panama

Panama City, Panama Province
5-star Hotel with prices starting at $95 (before taxes) - See All Prices
A Nice Budget Stay
  • Family-Friendly
  • Outdoor pool

The great guest rating of Global Hotel Panama is 8.50 out of 10. This place has an outdoor pool, room service, a restaurant, a fitness center, and a bar. Prices for the terrific rooms are from $95, and it's located at Calle 54 Este. We also love the laundry services, pet-friendly rooms, a hot tub, a spa, and free parking which are great for travelers. And since it's just a quick trip from the center of the town, the location is great, too.

Budget Hotel Amenities
  • Outdoor pool
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Hot tub
  • Family rooms
  • Air-conditioned
  • Family-Friendly


The Riverside Inn Boquete

Boquete, Chiriqui Province
3-star Hotel with prices starting at $94 (before taxes) - See All Prices
One of the Best Deals in Panama
  • High Quality: guest ratings are higher than average.
  • Family-Friendly

A cool place is The Riverside Inn Boquete because it has great rooms that start at $94. It has room service, a restaurant, a bar, breakfast, and hiking, it also earned a great guest rating of 9.30 out of 10 from people who have stayed here before. It's found at 11 de Abril, Palo Alto. Only a short distance from the city center, budget travelers will especially love laundry services, pet-friendly rooms, a hot tub, free parking, and kids meals at this affordable hotel.

Budget Hotel Amenities
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Breakfast included
  • Laundry service
  • Pets allowed
  • Hot tub
  • Bicycle rental
  • Family rooms
  • Kid-friendly
  • Air-conditioned
  • Playground
  • Family-Friendly


The Inn at Palo Alto

Boquete, Chiriqui Province
Inn with prices starting at $110 (before taxes) - See All Prices
A Fantastic Bargain in Panama
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool
  • Heated pool

The Inn at Palo Alto offers an outdoor pool, a restaurant, a fitness center, a bar, and breakfast which we really like. The terrific rooms here start at $110 (before taxes). It's located at Avenida Buenos Aires, Palo Alto and has earned a guest rating of 8.90/10. This relaxing hotel is also nice because it offers mountain views, rooms with kitchens, a free breakfast, pet-friendly rooms, and a hot tub which visitors will enjoy. Also, it's just a short drive from the city center. We always love being able to cook meals in a hotel room, and the kitchen here was a nice touch.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Breakfast included
  • Kitchen
  • Pets allowed
  • Hot tub
  • Family rooms
  • Heated pool
  • Microwave
  • Refrigerator
  • Family-Friendly


Gran Hotel Bahia

Bocas del Toro, Bocas del Toro Province
3-star Hotel with prices starting at $85 (before taxes) - See All Prices
Among the Best Values in Panama
  • Great Value: the price is lower than average for 3-star hotels.
  • High Quality: guest ratings are higher than average.
  • Beach

Located at Third Street, Gran Hotel Bahia has great rooms from $85 (before taxes). It offers a restaurant, breakfast, rooms with kitchens, rooms with kitchenettes, and laundry services. It has a terrific 8.80 rating out of 10 from previous guests who have stayed here. You'll also find pet-friendly rooms, free parking, laundry facilities, a free airport shuttle, and family rooms which travelers will love. And this comfortable hotel is just a quick trip from the center of town. It's always nice to have a kitchenette to cook some basic meals or have an easy breakfast. It's a great value, as the price is less than the average for budget hotels.

Budget Hotel Amenities
  • Free parking
  • Laundry facilities
  • Beach
  • Budget
More Great Amenities
  • Restaurant
  • Breakfast included
  • Kitchen
  • Kitchenette
  • Laundry service
  • Pets allowed
  • Family rooms
  • Air-conditioned
  • Microwave
  • Refrigerator


Hotel Bocas del Toro

Bocas del Toro, Bocas del Toro Province
3-star Hotel with prices starting at $108 (before taxes) - See All Prices
One of the Best Inexpensive Hotels in Panama
  • Beach

A great place to stay is Hotel Bocas del Toro which has nice rooms starting at $108. Offering a restaurant, a bar, child care, laundry facilities, and air-conditioning, it also has a great guest rating of 8.00 out of 10 from many previous guests. It's located at Calle 2a. Budget travelers will really like this budget-friendly hotel which also offers amenities. It's located just a short distance from the city center, too.

Budget Hotel Amenities
  • Laundry facilities
  • Beach
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Air-conditioned


For more terrific hotel ideas in Panama, make sure you also see Best Family-Friendly Hotels in Panama, Best Beach Hotels in Panama, Best Luxury Hotels in Panama, Best Pet-Friendly Hotels in Panama, Best Hotels for First Time Visitors in Panama, Best Hotels for a Weekend Getaway in Panama, Best Hotels for One Week in Panama, Best Hotels for One Night in Panama, Best Romantic Hotels for Couples in Panama, Best Hotels for Scuba Diving in Panama, or Best Business Hotels in Panama.


Is it expensive to spend the night in Panama?

Panama Average Budget Hotel Price
$91

Visitors will find a large range of terrific budget hotel choices when planning a visit to Panama. The price of these budget hotels can vary according to location, type, and amenities. The average budget hotel price in Panama based on data from 10 hotels is an affordable $91. If you're interested in more information about hotels here, see our guide to hotel prices in Panama.

The average prices of our suggested budget hotels by star rating:

  • 5-star hotels: $95
  • 4-star hotels: $87
  • 3-star hotels: $93


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