What is Panama City like for travelers on a budget?

Panama City offers cheap accommodation options and a range of things to see and do, making it a budget-friendly vacation choice. In addition to its well-known attractions like Multiplaza Pacific Mall and 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 accommodation in Panama City?

Based on reviews, Euro Hotel is a popular 3-star hotel for our travelers looking for an economical choice, and features free WiFi and air conditioning. Other options for your budget-friendly stay include Hotel Pension Corona and Pacific Dreams .

How many budget hotels can I expect to find in Panama City?

Choose a hotel that suits your wallet among Expedia's 33 budget hotels in Panama City.

Find Cheap Hotels in Panama City from $11

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Cheap Hostels in Panama City

Hostel Loco Coco Loco
Calle margarita vallarino, casa 5b, Panama City, Panama, 07096
The price is $11 per night from May 24 to May 25
4.1/5 Very Good! (11 reviews)
Hostel Loco Coco Loco
Selina Casco Viejo Panama City
Esquina de Ave B y Calle 12, San Felipe, Casco Antiguo, Panama City, Panama
The price is $62 per night from May 29 to May 30
3.7/5 Good! (122 reviews)
Selina Casco Viejo Panama City
Hostal Casa 33
Calle 42 Este, Bella Vista, Panama City, Panama
The price is $20 per night from May 24 to May 25
4/5 Very Good! (25 reviews)
Hostal Casa 33
Express Inn Panama International Airport Hostel
Calle Enrique Malek, Tocumen
The price is $40 per night from Jun 1 to Jun 2
2.6/5 (323 reviews)
Express Inn Panama International Airport Hostel
La Milonga Hostel
Avenida 5a B. Sur, Bella Vista, Panama City, Panama, 0801
The price is $11 per night from May 24 to May 25
3/5 (7 reviews)
La Milonga Hostel
Hostal Amador Familiar
Calle Akee, Casa 1519, Panama City, Panamá
The price is $27 per night from May 24 to May 25
3.4/5 (5 reviews)
Hostal Amador Familiar
Hostal Gemar - Hostel
El Ingenio, Ave de La Paz, Calle 74, Panama City, Panama, 1010
The price is $25 per night from May 24 to May 25
3.4/5 Good! (34 reviews)
Hostal Gemar - Hostel
Hostal Familiar Carmencita
El Carmen,Ricardo Miro Local H1B, Panama City, Panamá
The price is $40 per night from May 24 to May 25
5/5 Exceptional! (3 reviews)
Hostal Familiar Carmencita
Luna's Castle Hostel
3-28 A CALLE 9na, Casco Viejo, San Felipe, Panama City, Panama
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4.6/5 Wonderful! (5 reviews)
Luna's Castle Hostel
Los Panas Hostel
Cerro Viento, Calle Principal No. 127, San Miguelito, Panama
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4.6/5 Exceptional! (8 reviews)
Los Panas Hostel

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.

3-star Hotels in Panama City

Principe Hotel and Suites
Via Argentina, Panama City, Panama
The price is $54 per night from Jun 6 to Jun 7
4.2/5 Excellent! (593 reviews)
Principe Hotel and Suites
Plaza Paitilla Inn Hotel
Italy Avenue, Punta Paitilla, Winston Churchill Street, Panama City, Panama, 81606579
The price is $86 per night from May 24 to May 25
4.1/5 Very Good! (962 reviews)
Plaza Paitilla Inn Hotel
The Executive Hotel
Calle 52, Aquilino de La Guardia, Panama City, Panama, 0816-01609
The price is $86 per night from May 28 to May 29
4.5/5 Wonderful! (969 reviews)
The Executive Hotel
Riande Urban Hotel
El Cangrejo; Calle Eusebio A, Morales, Panama City, Panama, 0823-05872
The price is $69 per night from May 25 to May 26
4/5 Very Good! (671 reviews)
Riande Urban Hotel
TRYP by Wyndham Panamá Centro
Via Veneto, El Cangrejo Bellavista, Panama City, Panama, 0834-01294
The price is $72 per night from May 25 to May 26
4.4/5 Excellent! (986 reviews)
TRYP by Wyndham Panamá Centro
AC Hotel by Marriott Panama City
Calle Ricardo Arias 14, Campo Alegre Area Bancaria, Panama City
The price is $98 per night from Jun 3 to Jun 4
4.5/5 Wonderful! (258 reviews)
AC Hotel by Marriott Panama City
Aloft Panama
Via Israel & Calle 76, Panama City, Panama, 0819-05896
The price is $99 per night from Jun 3 to Jun 4
4.3/5 Excellent! (579 reviews)
Aloft Panama
Hotel Panama Princess
Calle 53 Marbella y Avenida 5a B sur, World Trade Center building, Panama City, Panama, 832-0239
The price is $69 per night from May 25 to May 26
3.9/5 Good! (892 reviews)
Hotel Panama Princess
Hotel Coral Suites
Calle D El Cangrejo, Calle Hercilia Lamela, Panama City, Panama, 92253
The price is $71 per night from May 25 to May 26
4.4/5 Excellent! (733 reviews)
Hotel Coral Suites
Torres de Alba Hotel & Suites
Calle Eusebio A. Morales y Calle 55, Panama City, Panama
The price is $86 per night from May 25 to May 26
4.3/5 Excellent! (172 reviews)
Torres de Alba Hotel & Suites

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.

Panama City cheap hotels information

Cheap hotels in Panama City	56
Highest price	$161
Cheapest price	$11
Number of guest reviews	6813
Total number of hotels in Panama City	450

Frequently asked questions

Weather is probably a major factor when you plan your trip to Panama City, and keep 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 temp of 82°F, while the coldest months are January and February with an average of 81°F. The rainiest months in Panama City are October, November, May, and August, with each month seeing an average of 10 inches of rainfall.

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 popular local attractions that are highest on your list, such as Multiplaza Pacific Mall and Albrook Shopping Mall, and choose other low-cost activities to fill your itinerary. Explore and snap photos of landmarks like Panama Canal Railway, or check out the area's cultural spots like National Bank House Museum and Museum of History Panama.

Scoping out the transportation options in Panama City can help keep you on budget. The most convenient airport is 11.1 mi (17.9 km) from the center in Tocumen Intl. Airport (PTY). However, if that doesn't suit your budget, you can look into flights to Panama City (PAC-Marcos A. Gelabert Intl.), which is 2.5 mi (4 km) away. Take advantage of metro transit at Iglesia del Carmen Station, Vía Argentina, and Santo Tomas Station. If you want to explore the larger area, ride aboard one of the trains from Panama City Passenger Station.

Recent reviews of Panama City hotels
expedia verified reviews

The Executive Hotel
5/5 Excellent
"We've stayed a number of times here and it has been a pleasant experience every time."
A verified traveler stayed at The Executive Hotel
Posted 7 days ago
The Executive Hotel
JW Marriott Panama
5/5 Excellent
"Awesome stay as a solo traveler. Beautiful hotel with great service"
A verified traveler stayed at JW Marriott Panama
Posted 7 days ago
JW Marriott Panama
Wyndham Panama Albrook Mall Hotel & Convention Center
5/5 Excellent
"Good"
A verified traveler stayed at Wyndham Panama Albrook Mall Hotel & Convention Center
Posted 7 days ago
Wyndham Panama Albrook Mall Hotel & Convention Center
Plaza Paitilla Inn Hotel
5/5 Excellent
"The view from this property is fantastic. You get a beautiful view of the coast and awesome view of the Panama City skyline all at once. The rooms are very clean, the sheets are very soft and the staff are very helpful if you have any questions. Also - The daily breakfast is DELICIOUS. The only change I’d recommend is that they keep the pool open later. 7pm is too early. "
A verified traveler stayed at Plaza Paitilla Inn Hotel
Posted 7 days ago
Plaza Paitilla Inn Hotel
Hotel Riu Plaza Panama
5/5 Excellent
"Love my stay in this hotel"
A verified traveler stayed at Hotel Riu Plaza Panama
Posted 8 days ago
Hotel Riu Plaza Panama
Sortis Hotel, Spa & Casino, Autograph Collection
5/5 Excellent
"Beautiful hotel, great restaurants. Room not very clean but still comfortable. "
A verified traveler stayed at Sortis Hotel, Spa & Casino, Autograph Collection
Posted 8 days ago
Sortis Hotel, Spa & Casino, Autograph Collection
Principe Hotel and Suites
5/5 Excellent
"Good price and very clean "
A verified traveler stayed at Principe Hotel and Suites
Posted 8 days ago
Principe Hotel and Suites
W Panama
5/5 Excellent
"Walking distance to restaurants, the pool and bars"
A verified traveler from Glen Allen stayed at W Panama
Posted 9 days ago
W Panama
Novotel Panama City
5/5 Excellent
"Clean ,professional ppl, wish I had a hot water maker "
A verified traveler stayed at Novotel Panama City
Posted 9 days ago
Novotel Panama City