A coastal cityscape with high-rise buildings, a marina, and a clear blue sky.

Panama City Cheap Hotels

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Check availability on Panama City Cheap Hotels

This weekend
30 Oct - 1 Nov
Next weekend
6 Nov - 8 Nov

Our top choices for Panama City cheap hotels

A rooftop pool with sun loungers and umbrellas, surrounded by palm trees and modern buildings.

1. Hotel Riu Plaza Panama

Hotel Riu Plaza Panama
5.0 star property
Bella Vista
9.0 out of 10, Wonderful, (6,144 reviews)
"Great clean hotel! Very nice location"
Canada
Sean
The price is HK$939
HK$1,033 total
includes taxes & fees
22 Nov - 23 Nov
Hotel Riu Plaza Panama
A modern lobby with a chandelier, seating area, reception desk, and a staircase.

2. The Executive Hotel

The Executive Hotel
3.5 star property
Bella Vista
9.2 out of 10, Wonderful, (1,300 reviews)
"Great hotel with very friendly and helpful staff, clean property, good food and also located in a very centric place, would highly recommend!!"
United States
Mario
The price is HK$626
HK$689 total
includes taxes & fees
22 Nov - 23 Nov
The Executive Hotel
A hotel named PRINCIPE with a modern facade and large glass windows.

3. Principe Hotel and Suites

Principe Hotel and Suites
3.0 star property
Bella Vista
9.0 out of 10, Wonderful, (2,127 reviews)
"Very economically priced for a short comfortable stay whilst on holiday or business"
United States
Lisa
The price is HK$464
HK$510 total
includes taxes & fees
29 Oct - 30 Oct
Principe Hotel and Suites
A covered outdoor seating area with a view of a city skyline and water.

4. Plaza Paitilla Inn Hotel

Plaza Paitilla Inn Hotel
3.5 star property
San Francisco
9.4 out of 10, Exceptional, (2,247 reviews)
"Nice place close to everything."
United States
Rene
The price is HK$1,029
HK$1,132 total
includes taxes & fees
2 Nov - 3 Nov
Plaza Paitilla Inn Hotel
A cozy indoor seating area with wooden chairs and tables, surrounded by shelves with plants and books.

5. Viajero Casco Viejo Hostel

Viajero Casco Viejo Hostel
2.0 star property
Casco Viejo
8.6 out of 10, Excellent, (75 reviews)
"Great location, heaps of activities offered, friendly staff and great amenities. We loved our stay here!"
Australia
Ashleigh
The price is HK$245
HK$269 total
includes taxes & fees
3 Nov - 4 Nov
Viajero Casco Viejo Hostel
A buffet setup with various food items and a large mirror reflecting the space.

6. Hospedium Princess Hotel Panama

Hospedium Princess Hotel Panama
3.5 star property
Bella Vista
7.2 out of 10, Good, (1,012 reviews)
"Lot of restaurants and shops nearby."
United Kingdom
RAMESH
The price is HK$385
HK$423 total
includes taxes & fees
11 Nov - 12 Nov
Hospedium Princess Hotel Panama
An outdoor dining area with tables and umbrellas, a person playing a saxophone, and a building with illuminated windows in the background.

7. Riande Urban Hotel

Riande Urban Hotel
3.5 star property
Bella Vista
8.8 out of 10, Excellent, (1,038 reviews)
"Good breakfast and staff"
United States
Travis
The price is HK$715
HK$786 total
includes taxes & fees
9 Nov - 10 Nov
Riande Urban Hotel
A spacious lobby with a chandelier, seating area, and a large mirror.

8. Hotel Coral Suites

Hotel Coral Suites
3.5 star property
Bella Vista
8.8 out of 10, Excellent, (1,002 reviews)
"Central, clean, friendly and priced correctly!!"
Canada
Mark
The price is HK$579
HK$637 total
includes taxes & fees
10 Nov - 11 Nov
Hotel Coral Suites
A compact, wooden-paneled room with a single bed, a small window, and a curtain.

9. Hostel the pod 33

Hostel the pod 33
2.0 star property
Bella Vista
7.8 out of 10, Good, (78 reviews)
"it was amazing because this hostal is great if you want to travel very cheap and this property is at the center of the city, you got a supermarket, the coast of the city, some parks, restaurants, barbershop around and near to the hostal so, I think it's a great option and not expensive for the travelers, the location of this place is really Good"
Costa Rica
isaias
The price is HK$156
HK$172 total
includes taxes & fees
30 Oct - 31 Oct
Hostel the pod 33
An outdoor seating area with modern furniture, surrounded by lush greenery and a metal railing.

10. Hostel Loco Coco Loco

Hostel Loco Coco Loco
2.0 star property
Bella Vista
8.0 out of 10, Very good, (30 reviews)
"Friendly, cozy, nice pool n showers"
United States
Kurt
The price is HK$122
HK$258 total
includes taxes & fees
29 Oct - 30 Oct
Hostel Loco Coco Loco
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Find out more about Panama City

Discover cheap things to do in Panama City

For budget-conscious travellers exploring Panama City, the vibrant Casco Viejo is a must-visit. This historic district, a UNESCO World Heritage site, features colourful historic architecture and charming cobblestone streets, perfect for leisurely strolls without spending a dime. Enjoy the local atmosphere at the bustling Plaza Francia, where you can often catch free music performances or local art displays. The Cinta Costera, a scenic waterfront promenade, offers stunning views of the skyline and the Pacific Ocean, making it an ideal spot for a relaxing walk or a family picnic. Don't miss the impressive Panama Canal Museum, which has a small entrance fee and provides fascinating insights into this engineering marvel. For affordable dining, head to Mercado de Mariscos, where you can sample fresh ceviche at reasonable prices while enjoying the lively market atmosphere. When it comes to accommodation, consider staying in the El Cangrejo neighbourhood, known for its budget-friendly hotels and hostels. This area is home to a variety of eateries and shops, ensuring you’re never far from the action while keeping your expenses in check.

Find the best cheap hotels in Panama City

For budget-conscious travellers visiting Panama City, these hotels offer excellent value without sacrificing comfort. Each hotel provides essential amenities to ensure a pleasant stay.

Principe Hotel and Suites

  • Why it's great for a budget-friendly vacation: Principe Hotel and Suites is a fantastic choice for budget travellers, an excellent review rating of 9.0. With free toiletries, 24-hour airport shuttle service, and complimentary Wi-Fi, guests will enjoy essential comforts at an affordable price. The outdoor pool invites relaxation, while the kitchenette in each room allows for convenient meal preparation during your stay.
  • Other amenities: Guests can unwind on the terrace or take advantage of the daily housekeeping service. The hotel also features air conditioning for added comfort, room service, and a refrigerator in each room. Pool umbrellas and sun loungers enhance the outdoor experience, making it a perfect spot to relax after a day of exploring the city.
  • Neighborhood: Bella Vista
  • Nearby attractions: Uruguay Street - 1.6 km, Crown Casino - 1.4 km, Via Espana - 0.9 km

Magnolia Inn

  • Why it's great for a budget-friendly vacation: Magnolia Inn provides an excellent budget option with a review rating of 9.0, situated in the historical district of Casco Viejo. Offering free Wi-Fi and toiletries, the inn ensures guests have the essentials they need for a comfortable stay. The 24-hour airport shuttle service adds convenience for travellers arriving or departing at all hours.
  • Other amenities: Guests can enjoy a shared kitchen equipped with cookware and dishware, perfect for preparing meals during their stay. The inn also features a terrace for relaxation and shared refrigerator facilities. With daily housekeeping and a travel crib available, it's a welcoming space for all types of travellers.
  • Neighborhood: Casco Viejo
  • Nearby attractions: Avenida Balboa - 0.8 km, Metropolitan Cathedral of Panama - 0.9 km, National Theater - 0.9 km

Magnolia Inn

  • Why it's great for a budget-friendly vacation: Magnolia Inn stands out as a budget gem in Casco Viejo, a stellar review rating of 9.0. This charming inn offers free Wi-Fi and toiletries, as well as a 24-hour airport shuttle service for straightforward travel, making it perfect for budget travellers looking for value.
  • Other amenities: Guests can enjoy shared kitchen facilities and a terrace, making it easy to prepare meals and relax outdoors. With historical district charm and daily housekeeping services, Magnolia Inn provides a comfortable and affordable base from which to explore the captivating sights of Panama City.
  • Neighborhood: Casco Viejo
  • Nearby attractions: Avenida Balboa - 0.8 km, Metropolitan Cathedral of Panama - 0.9 km, National Theater - 0.9 km

Top Panama City Hotel Reviews

Novotel Panama City

Novotel Panama City

10/10 Excellent
"El hotel es excepcional. La habitación tiene holgura y un espacio para las maletas. Baño muy cómodo, camas deliciosas. El aire acondicionado integrado, así que no existe ruido alguno. Se descansa delicioso porque hay mucho silencio y tiene buen blackout. Un 10 para el desayuno, es buffet y todos los días cuenta con opciones distintas para comer, es súper completo, algo difícil de encontrar en otros hoteles en Panamá. Quedamos supremamente satisfechos y será nuestro hotel en nuestra próxima estadía."
MARIA JOSE MONGE 4-night trip
Posted 9 hours ago
Novotel Panama City

Frequently asked questions

What is Panama City like for travellers on a budget?
Panama City offers a variety of cheap accommodation options and places to visit, making it a great holiday choice for budget-conscious travellers. In addition to its well-known attractions such as Albrook Shopping Mall, this destination is home to Cinta Costera and Miraflores Locks, which you can enjoy while spending very little.
What's the best budget-friendly hotel in Panama City?
Based on reviews, Hotel Riu Plaza Panama is a popular hotel for our travellers who want a more economical choice, and features free buffet breakfast and free Wi-Fi. Other choices for your budget-friendly stay include Principe Hotel and Suites and The Executive Hotel.
How many low-cost hotels can I expect to find in Panama City?
Choose a hotel that suits your wallet from Expedia's 36 budget hotels in Panama City.
When is the best time for a budget trip to Panama City?
Weather is probably a major factor when you plan your trip to Panama City, but bear in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually March and April, with an average temperature of 27°C, while the coldest months are January and February, with an average of 26°C. The rainiest months in Panama City are July, August, June and November, with each month seeing an average of 369 mm of rainfall.
What is there to see and do in Panama City?
Panama City attracts visitors with its major shopping area and fantastic dining options, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions that interest you most, such as Albrook Shopping Mall, and then look for sights and activities that cost little or nothing at all. Explore and snap photos of landmarks like Iglesia del Carmen, or check out the area's cultural spots like National Theater and Interoceanic Canal Museum.
How can I get to Panama City and get around on a budget?
Scoping out the transportation options in Panama City can help keep you on budget. The most convenient airport is Panama City (PAC-Marcos A. Gelabert Intl.), situated 2.5 mi (4 km) away. However, if that doesn't suit your budget, you can arrange flights in and out of Balboa (BLB-Panama Pacifico Intl.), which is 6.3 mi (10.1 km) away. Take advantage of metro transport at Iglesia del Carmen Station, Vía Argentina Station and Santo Tomás Station. If you want to venture outside the area, hop on a train at Panama City Passenger Station.

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