The Best Cheap Hotels in Panama City from ₩62,290 in 2026

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

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Our top choices for Panama City cheap hotels

Outdoor pool, pool umbrellas, sun loungers

1. Ramada Plaza by Wyndham Panama Punta Pacifica

San Francisco

Raoel

₩139,303

₩153,233 total

includes taxes & fees

Aug 29 - Aug 30

Standard Room | Premium bedding, down comforters, pillowtop beds, in-room safe

2. Principe Hotel and Suites

Bella Vista

Neil Alexander

₩80,269

₩88,296 total

includes taxes & fees

Aug 18 - Aug 19

Penthouse (In the heart of the City) | City view

Penthouse (In the heart of the City) | Minibar, in-room safe, desk, laptop workspace

3. Hotel Riu Plaza Panama

Bella Vista

Towona

₩194,856

₩214,342 total

includes taxes & fees

Sep 14 - Sep 15

Outdoor pool, open 8:00 AM to 6:00 PM, pool umbrellas, sun loungers

4. The Executive Hotel

Bella Vista

Geraldeen

₩125,570

₩138,127 total

includes taxes & fees

Aug 31 - Sep 1

Standard Room, Garden View | Premium bedding, down comforters, in-room safe, blackout drapes

5. Riande Aeropuerto Hotel & Casino

Tocumen

Elizabeth

₩153,263

₩168,589 total

includes taxes & fees

Aug 20 - Aug 21

6. Crowne Plaza Panama Airport by IHG

Tocumen

Geraldeen

₩173,301

₩200,006 total

includes taxes & fees

Sep 12 - Sep 13

Premium bedding, down comforters, in-room safe, desk

7. Plaza Paitilla Inn Hotel

San Francisco

Gilberto

₩162,434

₩178,677 total

includes taxes & fees

Aug 27 - Aug 28

Premium bedding, in-room safe, laptop workspace, blackout drapes

8. Waymore Hotel Spa & Casino

Bella Vista

Ajsha Lanay

₩148,646

₩280,304 total

includes taxes & fees

Aug 17 - Aug 18

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Top Panama City Hotel Reviews

Hotel Riu Plaza Panama

8/10 Good

"Was disappointed with the washrooms in the lobby and pool area. The one in the lobby has poor ventilation and smelt awful. The one by the pool was had no water and the flush was not working. While breakfast had a wide spread the tase was not as impressive as my first stay."

Hotel El Panama by Faranda Grand, a member of Radisson Individuals

10/10 Excellent

"Good"

Decapolis Hotel Panama City

10/10 Excellent

"Good"

Frequently asked questions

What is Panama City like for travelers on a budget?

Panama City offers a variety of cheap accommodations and things to do, making it a great getaway spot for budget travelers. In addition to its well-known attractions like 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, Hotel Riu Plaza Panama is a popular hotel for our travelers who want a more economical choice, and features free buffet breakfast and free WiFi. Other options for your budget-friendly stay include Riande Urban Hotel and Principe Hotel and Suites.

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

Choose a hotel that suits your wallet among 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, 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 80°F, while the coldest months are January and February with an average of 79°F. The rainiest months in Panama City are July, August, June, and November, with each month seeing an average of 15 inches 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 Interoceanic Canal Museum and Biomuseo.

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 2.5 mi (4 km) from the center in Panama City (PAC-Marcos A. Gelabert Intl.). However, if that doesn't suit your budget, you can look into flights to Balboa (BLB-Panama Pacifico Intl.), which is 6.3 mi (10.1 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.

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Flights to Panama City

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Check availability on Panama City Cheap Hotels

Our top choices for Panama City cheap hotels

1. Ramada Plaza by Wyndham Panama Punta Pacifica

2. Principe Hotel and Suites

3. Hotel Riu Plaza Panama

4. The Executive Hotel

5. Riande Aeropuerto Hotel & Casino

6. Crowne Plaza Panama Airport by IHG

7. Plaza Paitilla Inn Hotel

8. Waymore Hotel Spa & Casino

9. Courtyard by Marriott Panama Metromall

10. Hotel Milan

Top Panama City Hotel Reviews

Hotel Riu Plaza Panama

Hotel El Panama by Faranda Grand, a member of Radisson Individuals

Decapolis Hotel Panama City

Frequently asked questions

Explore a world of travel with Expedia

Find Cheap Hotels in Panama City

Change your mind

Treat yourself

Be picky

Check availability on Panama City Cheap Hotels

Our top choices for Panama City cheap hotels

1. Ramada Plaza by Wyndham Panama Punta Pacifica

2. Principe Hotel and Suites

3. Hotel Riu Plaza Panama

4. The Executive Hotel

5. Riande Aeropuerto Hotel & Casino

6. Crowne Plaza Panama Airport by IHG

7. Plaza Paitilla Inn Hotel

8. Waymore Hotel Spa & Casino

9. Courtyard by Marriott Panama Metromall

10. Hotel Milan

Top Panama City Hotel Reviews

Hotel Riu Plaza Panama

Hotel El Panama by Faranda Grand, a member of Radisson Individuals

Decapolis Hotel Panama City

Frequently asked questions

Explore a world of travel with Expedia