Budget hotels in Panama City
Search, compare, and save on Panama City Budget hotels from hundreds of travel sites on HotelsCombined.
Panama City, Panama
1 May — 2 May2
...and more
Learn why travellers love HotelsCombined
Popular Budget hotels in Panama City
Discover well-known properties in Panama City that are favoured by visitors more than others. There are 277 hotels in Panama City and price data was last updated on 24 April 2025. The average price for a hotel in Panama City is £85/night.
These are some of the hotels in Panama City with the highest demand. Try adjusting the dates or room and guest combinations if you're not finding the results you're looking for.
Sort by
Filter by star ratings
All filtersEl Cangrejo Calle Eusebio A. Morales 31,Calle Eusebio A. Morales, Panama, Panama City, Panama
Hotel Milan Panama provides 3-star accommodation in Panama City, just moments from Marcos A. Gelabert Intl. It also offers room service, free Wi-Fi and laundry facilities.
Free Wi-Fi
Parking
8.6
Excellent
1983 reviews
Location
0.2 mi from city centre
£33
El Ingenio, Ave de La Paz, Calle 74, Panama City, Panama
Hostal Gemar - Hostel provides a comfortable setting when in Panama City and is close to everything the area has to offer. It also features a ticket service, free Wi-Fi and a concierge.
Free Wi-Fi
Parking
8.2
Excellent
441 reviews
Location
2.0 mi from city centre
£26
Calle Miguel Brostella, Panama City, Panama
Central Park Hotel & Casino offers 3-star accommodation in Panama City, just moments from Marcos A. Gelabert Intl. It also provides an express check-in and check-out feature, a sauna and free Wi-Fi.
Free Wi-Fi
Parking
8.1
Excellent
1189 reviews
Location
1.8 mi from city centre
£39
Calle 49 Bella Vista, Panama City, Panama
Featuring free Wi-Fi, a sauna and an outdoor pool, Hotel Terranova is conveniently located next to Marcos A. Gelabert Intl. The various amenities this hip hotel offers include an express check-in and check-out feature, a ticket service and a concierge.
Free Wi-Fi
Parking
7.8
Good
3531 reviews
Location
0.5 mi from city centre
£26
Via Veneto, Calle D El Cangrejo, Panama City, Panama
Conveniently located with direct access to Marcos A. Gelabert Intl, Metro Hotel Panama offers 3-star accommodation as well as free Wi-Fi. Close to restaurants and shops, the hotel is a convenient base while visiting Panama City.
Free Wi-Fi
Parking
7.7
Good
902 reviews
Location
0.2 mi from city centre
£32
Avenida Perú Esquina Con Calle 28, Panama City, Panama
Featuring free Wi-Fi and a rooftop pool, this Panama City hotel is conveniently located moments from Marcos A. Gelabert Intl. It also features a concierge, a currency exchange and a ticket service.
Free Wi-Fi
7.8
Good
2054 reviews
Location
1.5 mi from city centre
£33
calle 41 este, Panama City, Panama
Offering free Wi-Fi, Hotel Ojos del Rio is conveniently located next to Marcos A. Gelabert Intl. Close to restaurants and shops, the hotel is an ideal base while in Panama City.
Free Wi-Fi
Parking
8.0
Excellent
3748 reviews
Location
0.8 mi from city centre
£33
Calle 74 Oeste, Casa 19-A, Panama City, Panama
Sofia's B&B Hostal Boutique provides comfortable 3-star accommodation in Panama City. It also offers a ticket service, free Wi-Fi and a 24-hour reception.
Free Wi-Fi
Parking
Airport shuttle
8.9
Excellent
43 reviews
Location
2.0 mi from city centre
£41
El Cangrejo, Via Argentina, Calle Jose Fabregas Frente al Power Club y Diagonal al Restaurante 7 Mares, Panama City, Panama
Located in Panama City, Principe Hotel and Suites has direct access to Marcos A. Gelabert Intl and features a marble bathroom and free Wi-Fi. The various amenities this hip hotel offers include a coffee bar, an outdoor pool and an express check-in and check-out feature.
Free Wi-Fi
Parking
8.6
Excellent
3122 reviews
Location
0.3 mi from city centre
£35
Estacion 5 de Mayo Entre Av. Peru, Panama City, Panama
Conveniently located with direct access to Marcos A. Gelabert Intl, Hotel Casa Miller provides 3-star accommodation complete with a rooftop pool and free Wi-Fi. It also offers easy access to several local entertainment and dining venues in Calidonia.
Free Wi-Fi
Parking
8.2
Excellent
1436 reviews
Location
1.8 mi from city centre
£37
Travel insights for budget hotels in Panama City
Use our HotelsCombined data-powered tips to help you find your next budget hotel in Panama City.
What is the cheapest month to book budget hotels in Panama City?
The cheapest month to book budget hotels in Panama City is September (£15). Conversely, the most expensive month to stay in Panama City is November (£127).
What is the cheapest day to stay in a budget hotel in Panama City?
The cheapest day to stay in Panama City is Friday (£34). On the other hand, travelers can expect to pay the most on Thursday, when the average nightly price is £94.
How much is a budget hotel in Panama City tonight?
Users have found prices for budget hotels in Panama City tonight starting as low as £17, rising to an average cost of £94, based on searches in the last 72 hours. Prices start from £39 for a 4-star budget hotel in Panama City for tonight.
How much is a Panama City budget hotel room this weekend?
In the past 72 hours, we’ve seen prices for budget hotels in Panama City this weekend for as little as £30/night. If you’re specifically looking for a 3-star hotel this weekend, our users have found prices as low as £19/night. For a 4-star budget hotel in Panama City, the cheapest rate recently found was £58/night for this weekend.
How far ahead should you book a hotel in Panama City?
Save money by booking a hotel at least 70 days before your trip to Panama City. The lowest price found when booking 70 days ahead was £11 per night.
Top-rated Budget hotels in Panama City
Browse through properties in Panama City that have received the highest ratings from guests. There are currently 277 properties in Panama City and data was last updated on 24 April 2025.
According to our users, these are some of the best hotels to stay at in Panama City. Learn why these hotels were rated among the best by reading user reviews.
Show all 277 hotels
£41
Avg. per night
Cheapest Budget hotels in Panama City
Discover affordable stays in Panama City that provide a quality experience without breaking the bank. Hotels in Panama City can be found for as low as £10 per night. There is currently one property in Panama City that can be booked for this price. Hostel the pod 33 is one of the hotels that can be booked for the lowest price in Panama City. Price data was last updated on 24 April 2025
These are the lowest prices we've found on hotels in Panama City at the moment. Prices can differ depending on the dates selected, so use the search form to browse more options if you have flexibility.
Show all 277 hotels
Calle 42, Bella Vista Casa 33, Panama City, Panama
0.8 mi from city centre
Free Wi-Fi
Parking
£10
Avg. per night
Calle 1Era El Carmen- Casa # 32, Panama City, Panama
0.7 mi from city centre
Free Wi-Fi
Parking
Airport shuttle
£12
Avg. per night
Calle Margarita Vallarino, Casa 5b, Panama City, Panama
0.5 mi from city centre
Free Wi-Fi
Parking
£12
Avg. per night
AV 5a B Sur, Casa 2 ., Panama City, Panama
0.5 mi from city centre
Free Wi-Fi
Airport shuttle
£13
Avg. per night
£13
Avg. per night
£14
Avg. per night
£17
Avg. per night
Plaza 5 De Mayo Final Ave, Panama City, Panama
1.9 mi from city centre
Free Wi-Fi
Airport shuttle
£17
Avg. per night
Avenida Cuba Y Calle 31 Este, Panama City, Panama
1.3 mi from city centre
Free Wi-Fi
Parking
£19
Avg. per night
£20
Avg. per night
Via Espana & Calle 43, Panama City, Panama
0.8 mi from city centre
Free Wi-Fi
Airport shuttle
£23
Avg. per night
Av. Peru Calle 30, 25, Panama City, Panama
1.3 mi from city centre
Free Wi-Fi
Parking
£23
Avg. per night
Other accommodations in Panama City
Discover the ideal theme hotel, holiday rental or hostel for your stay in Panama City. There are 1,085 properties in Panama City and price data was last updated on 24 April 2025.
Show all 1,085 stays
Km 7, Road To Veracruz, Panama City, Panama
7.1 mi from city centre
Free Wi-Fi
£157
Avg. per night
083500257 Avenida Aquilino de la Guardia (C/ Aquilino de la Guardia) Panama City, Panama, Panama City, Panama
0.2 mi from city centre
Free Wi-Fi
£115
Avg. per night
Italy Avenue, Punta Paitilla, Panama City, Panama
1.0 mi from city centre
Free Wi-Fi
Parking
£71
Avg. per night
£17
Avg. per night