The Best Cheap Hotels in Panama City

Budget-Friendly and Affordable Places to Stay in Panama City

Panama City, Panama Panama City, Panama

Does Panama City have cheap hotel rooms? Yes, it does. Panama City, 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 City 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 City? 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 City 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 City, ensuring a comfortable and enjoyable stay at an unbeatable price. So, let's get to it: here's where to sleep cheap in Panama City.

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

Riande Granada Urban Hotel

4-star Hotel with prices starting at $58 (before taxes) - See All Prices
A Nice Budget Stay
  • 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 2.4 km 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. You'll love relaxing in the hot tub at the end of the day, too. 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

3-star Hotel with prices starting at $66 (before taxes) - See All Prices
One of the Best Deals in Panama City
  • Great Value: the price is lower than average for budget 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 1.3 km from the city center. Having the delicious restaurant in the hotel is an added bonus. 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

4-star Hotel with prices starting at $103 (before taxes) - See All Prices
A Fantastic Bargain in Panama City
  • 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 18.4 km from the center of town. We always love having a pool, and the one here is really nice.

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


RIU Plaza Panama

4-star Hotel with prices starting at $96 (before taxes) - See All Prices
Among the Best Values in Panama City
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool

With terrific rooms from $96, RIU Plaza Panama, at Calle 50 con 53 Este, Marbella provides an outdoor pool, a pool bar, room service, a restaurant, and a fitness center. Its terrific guest rating is 8.80 out of 10 from previous guests staying here. Budget travelers will really like this budget-friendly hotel which also offers a bar, parking, laundry services, city views, and a hot tub. It's located just 2.1 km from the city center, too. The pool here was very nice, relaxing, and fun.

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

5-star Hotel with prices starting at $95 (before taxes) - See All Prices
One of the Best Inexpensive Hotels in Panama City
  • Family-Friendly
  • Outdoor pool

Global Hotel Panama has a great guest rating of 8.50 out of 10, and offers an outdoor pool, room service, a restaurant, a fitness center, and a bar. The great rooms here start at $95 before taxes and depending on the season. It can be found at Calle 54 Este. Furthermore, it also offers laundry services, pet-friendly rooms, a hot tub, a spa, and free parking, which is nice for visitors. Just 2.4 km from the city center, this low-cost hotel is a terrific choice. Getting room service delivered is always a nice luxury.

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


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


Is it expensive to spend the night in Panama City?

Panama City Average Budget Hotel Price
$84

Visitors will find a large range of terrific budget hotel choices when planning a visit to Panama City, Panama. The price of these budget hotels can vary according to location, type, and amenities. The average budget hotel price in Panama City, Panama based on data from 5 hotels is an affordable $84. If you're interested in more information about hotels here, see our guide to hotel prices in Panama City.

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

  • 5-star hotels: $95
  • 4-star hotels: $86
  • 3-star hotels: $66


Budget Your Trip
Budget Your Trip is all about finding out how much everything costs so that you can travel cheaper and longer. With average daily travel costs that are calculated from the budgets of real travelers, you can find out how much money you need to plan your next adventure. On this website you can also find travel advice, accommodation reviews, and activity suggestions.
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