Top 10 Cheap Budget Hotels in Panama City, Panama Under $50

Looking for budget hotels in Panama City, Panama? If you plan to save some money while staying in Panama city, then you’ve come to the right place. Panama City offers expensive hotel chains along the coast like InterContential and Hilton, but there are also some great budget hotels hidden in the city where mostly local Panamanian stay.

In this article, you will discover the Top 10 Budget Hostels in Ciudad de Panama so you can save some money while enjoying your vacation and/or extended stay!

#1 Hotel Montreal – $27 Per Night

Hotel Montreal’s rooms have tiled floors and a simple décor. Each includes cable TV and a private bathroom with bath tub or shower. Room service is available.

The hotel is situated in the city’s commercial centre, so guests will find many bars, restaurants and shops in the vicinity. Montreal restaurant also serves typical Panamanian and international cuisine.

Panama’s Casco Viejo Old Town is a 15-minute drive away. Guests can also reserve shuttle service to the airport, shopping centres and tourist destinations for an extra fee.

#2 Hotel Villa Del Mar – $25 Per Night

Hotel Villa del Mar is located in Panama City and offers free airport pick-up service, a 24-hour front desk and free WiFi throughout. It is less than 2.5 miles from the historic centre.

Rooms here will provide you with a cable TV and air conditioning. The private bathrooms come with free toiletries.

Guests will find dining options at Albrook Shopping Centre, located just a 5-minute drive away.

Hotel Villa del Mar is a 10-minute walk from the Canal Museum of Panama and just 1.9 miles from Metropolitan National Park. Albrook Marcos A. Gelabert International Airport can be reached in a 10-minute drive.

#3 Hotel California Panama– $35 per night

Set in the Bellavista district in Panama City, 1.4 miles from Metropolitan National Park, Hotel California Panama features free WiFi throughout, free private parking and an on-site restaurant.

All rooms come with air conditioning, basic décor and a flat-screen cable TV. The bathrooms are private and come with shower.

You will find a 24-hour front desk at the property.

Canal Museum of Panama is 1.4 miles from Hotel California Panama, while Presidential Palace is 1.5 miles away. The Balboa Seafront Boulevard is 0.9 miles away. Tocumen International Airport is 14.3 miles away.

#4 Hotel Via Espana – $35 per night

This hotel is located on Panamá City’s Vía España Avenue, the city’s main commercial street. It offers air-conditioned rooms with flat-screen cable TV and a private bathroom.

Hotel Vía España’s café serves international food for breakfast, lunch and dinner. Room service is also available, and there is free WiFi in public areas.

The hotel offers free parking on site. You can drive to Panamá City’s Old Town in 7 minutes from the Vía España. Tocumen Airport is a 20-minute drive away and Hotel Via España offers airport shuttle service for a fee.

#5 Hotel Pension Corona – $27 per night

Located in Panama City’s Calidonia district, Hotel Pension Corona features simple, modern rooms with private bathrooms. It is within 5 minutes’ walk of 2 bus stops and is less than 0.6 miles from the city’s seafront.

Each spacious room at Hotel Pension Corona has flat-screen cable TV and air conditioning. Free Wi-Fi is available in public areas.

Cafés, bars and restaurants can be found in the streets surrounding the hotel. Panama City’s old town is less than 0.6 miles away.

The centre of Panama City is just over 1.2 miles from the Corona. The city’s famous canal and its airport can be reached in 15 minutes by car.

#6 Hotel CentroAmericano – $44 per night

Hotel Centroamericano is 1,950 feet from Panama City Yacht Club and a 10-minute drive from Marcos A. Gelabert International Airport. The hotel offers 24-hour reception, free Wi-Fi and free parking.

The modern air-conditioned rooms feature flat-screen cable TV and a laptop safe. There is a desk and a wardrobe, and the private bathroom comes with a shower, hairdryer and toiletries.

Continental breakfast is available and the hotel has an à la carte restaurant and bar with a terrace. Room service is also available.

A laundry and dry cleaning service is offered. You can hire a car from the tour desk and an airport shuttle service is available for an extra charge.

#7 Hotel Milan Panama – $40 per night

Located 1.2 miles from Metropolitan National Park in Panama City at El Cangrejo, Hotel Milan Panama features a restaurant, bar and free WiFi. Free private parking is available on site.

Some rooms include a private bathroom with a hot tub, while others have free toiletries and a hair dryer. Some units feature a seating area where you can relax. A flat-screen TV is offered.

You will find a 24-hour front desk at the property.

Canal Museum of Panama is 2.2 miles from Hotel Milan Panama, while Presidential Palace is 2.3 miles away.

#8 Bella Vista – $44 per night

Located in the centre of Panamá City, Bella Vista features air-conditioned accommodation with free Wi-Fi. It offers free on-site parking and an airport shuttle service. It has a 24-hour reception desk.

All rooms are spacious and include cable TV, a telephone and a private bathroom with bath tub or shower.

The hotel cafeteria serves breakfast, and sandwiches throughout the day. It also serves hot and cold beverages, while the bar serves national and international drinks.

Panamá Viejo is 2.5 miles away and the historic city centre is less than 15 minutes’ drive away. A bus stops just 1,500 feet from Bella Vista, and Ingenio Metro Station is within 5 minutes’ walk.

Gran Terminal Nacional de Transporte Bus Station is 5 miles away and Tocumen International Airport can be reached in about 30 minutes by car.

#9 Hotel Caribe Panama – $45 per night

Offering an outdoor pool and a restaurant, Hotel Caribe Panamá is located in Panama City. It features free American-style breakfast and an on-site casino.

Rooms here will provide guests with a flat-screen TV with cable channels, plus air conditioning. The private bathrooms come with free toiletries.

At Hotel Caribe Panamá guests will find a restaurant serving national and international cuisine, and other restaurants can be reached in a 5-minute walk.

The hotel is less than 1.2 miles from Canal Museum of Panama and the Presidential Palace, while Tocumen International Airport can be reached in a 25-minute drive. The property offers free parking.

#10 Hotel Tower House Suites – $50 per night

Just a 5-minute walk from Panama City’s financial district, Hotel Tower House Suites offers a roof terrace with a swimming pool and fantastic city views. The stylish air-conditioned rooms include free Wi-Fi.

Each spacious room at the Tower House Suites offer bright contemporary décor and views of the city. All rooms include flat-screen cable TV, a minibar, a safe and a modern bathroom with free toiletries.

A free American breakfast is served daily and the bar-restaurant offers international cuisine. You can also find a range of restaurants, cafés and lively bars on Uruguay Street, just 150 feet away.

Tower House Suites is a 10-minute walk from Balboa Avenue and the seafront. Albrook Shopping Centre and Albrook Airport are 3.7 miles away, while Tocumen International Airport is 13.7 miles away. Free parking is provided.

That’s it. Please book your hotel using any of the links above to support ExpatKings and save some money. If you have any questions, please leave them in the comments.

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  1. Another cheap hotel worth mentioning is Hotel Cancun. It is right next to Cinta Costera and just around the corner from the subway station. It is $25 on weekdays and $30 on weekdays. I usually go there when visiting my girlfriend’s family in the city.

  2. Great info!! Thanks for sharing. I am not one who requires 5-star accommodations when I travel, so these cheaper alternatives to the more expensive hotels is much appreciated. Also, can you talk about transportation in Panama City? What’s the best way to get around town? Shuttle, taxi, rental car? Thanks.