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Our top choices for Panama City cheap hotels

Principe Hotel and Suites

Principe Hotel and Suites
3.0 star property
Bella Vista
9.0 out of 10, Wonderful, (1,862 reviews)
"Wonderful staff and the room was clean"
Canada
Kiarra
The price is ฿1,854
฿2,039 total
includes taxes & fees
22 May - 23 May
Principe Hotel and Suites

Hotel Milan

Hotel Milan
3.0 star property
Bella Vista
9.0 out of 10, Wonderful, (525 reviews)
"Good hotel. Good staff. "
United States
Jesus
The price is ฿1,308
฿1,438 total
includes taxes & fees
21 May - 22 May
Hotel Milan

Hotel Ojos del Rio

Hotel Ojos del Rio
3.5 star property
Calidonia
8.0 out of 10, Very good, (1,001 reviews)
"great hotel, amazing staffs 100/100"
United States
bibi
The price is ฿1,655
฿1,820 total
includes taxes & fees
22 May - 23 May
Hotel Ojos del Rio

Hotel Terranova

Hotel Terranova
3.0 star property
Bella Vista
7.2 out of 10, Good, (564 reviews)
"Close to shops, and restaurants. Staff were always friendly and ready to serve. It was a great experience. "
United States
Jermaine
The price is ฿1,324
฿1,456 total
includes taxes & fees
21 May - 22 May
Hotel Terranova

Hospedium Princess Hotel Panama

Hospedium Princess Hotel Panama
3.5 star property
Bella Vista
7.4 out of 10, Good, (867 reviews)
"Breakfast was great"
United States
Simmone D V
The price is ฿1,631
฿1,794 total
includes taxes & fees
18 Jun - 19 Jun
Hospedium Princess Hotel Panama

Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals

Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals
2.5 star property
Calidonia
7.6 out of 10, Good, (284 reviews)
"The room was very clean and the staff is very friendly and help full breakfast was excellent perfect location ."
United States
Stacey
The price is ฿2,329
฿2,562 total
includes taxes & fees
25 May - 26 May
Hotel Faranda Express Soloy and Casino, a member of Radisson Individuals

ORHO Hotel Boutique 15 Minutes from PTY Airport

ORHO Hotel Boutique 15 Minutes from PTY Airport
2.0 star property
Tocumen
8.8 out of 10, Excellent, (129 reviews)
"Lovely property, staff was always smiling and it's close to restaurants."
United States
Luis
The price is ฿3,715
฿4,822 total
includes taxes & fees
22 May - 23 May
ORHO Hotel Boutique 15 Minutes from PTY Airport

Hotel Pension Corona

Hotel Pension Corona
2.5 star property
Calidonia
7.8 out of 10, Good, (119 reviews)
"Great spot for the price "
United States
frank
The price is ฿642
฿706 total
includes taxes & fees
21 May - 22 May
Hotel Pension Corona

Hotel Coral Suites

Hotel Coral Suites
3.5 star property
Bella Vista
8.8 out of 10, Excellent, (1,006 reviews)
"Always a great stay at the Coral Suites. The staff and the cleans are always clean. I will always make a point to refer the Coral Suites."
United States
Stacey
The price is ฿2,253
฿2,478 total
includes taxes & fees
29 May - 30 May
Hotel Coral Suites

Canova

Canova
3.0 star property
Calidonia
8.2 out of 10, Very good, (166 reviews)
"Close to the city. Quick Uber ride to everywhere."
United States
Kevin
The price is ฿955
฿1,050 total
includes taxes & fees
1 Jun - 2 Jun
Canova
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.

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 travellers seeking affordable yet comfortable stays in Panama City, these hotels offer great value without compromising on essential amenities. Explore these top picks that cater perfectly to budget-conscious guests.

Best Western El Dorado Panama Hotel

  • Why it's great for a budget-friendly vacation: Best Western El Dorado Panama Hotel is a fantastic option for budget-conscious guests, earning a solid review rating of 9.0. This hotel offers a range of complimentary amenities, including free breakfast options available daily and a 24-hour airport shuttle, making it a practical choice for travellers.
  • Other amenities: Guests can also take advantage of an outdoor pool to relax and unwind, along with free self-parking. The hotel features a fitness centre for those looking to maintain their routine, and convenient kitchenettes in select rooms. With easy access to nearby shopping and attractions, it’s an ideal base for exploring Panama City on a budget.
  • Neighborhood: Bethania
  • Nearby attractions: Crown Casino - 4.1 km, El Dorado Mall - 0.5 km, Iglesia del Carmen - 3.7 km

Top Panama City Hotel Reviews

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 The Executive Hotel and Principe Hotel and Suites.
How many low-cost hotels can I expect to find in Panama City?
Choose a hotel that suits your wallet from Expedia's 35 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 and Santo Tomas Station. If you want to venture outside the area, hop on a train at Panama City Passenger Station.