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Panama City

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October 2026
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How much do hostels in Panama City cost?

Available dorm-bed prices in Panama City, Panama range from $9 to $95/night over the next 3 months. HostelHound compares 25 hostels.

On a typical date, the cheapest available dorm bed is around $9.

At $9/night and up, Panama City is one of the more affordable hostel destinations in Panama.

How these prices work: Hostelworld listings, based on one night and the selected dorm-bed type. “Typical starting price” is the median of daily minimum prices across 17 contributing properties—not the typical hostel’s price. Amounts are converted to USD; verify availability and final taxes and fees on Hostelworld. Filters can narrow the advertised results below, but this summary remains citywide. Latest city scrape: 2026-10-07T09:58:50.544Z.

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Local knowledge for Panama City

Where to stay

Most budget travelers split between Casco Viejo, the old town where the restored hostels sit a short walk from Plaza Herrera, and El Cangrejo, the leafy grid around Via Argentina with cheaper beds and a metro stop. El Cangrejo wins on value and late-night food, Casco wins on walkable nightlife if you can stomach the small premium.

Getting around

  • Buy a rechargeable Metrobus card at any Metro station or the Albrook terminal, cash fares aren't accepted on the buses and Metro Line 1 runs from Albrook straight up to El Cangrejo and Via Argentina.
  • Eat lunch at Mercado de Mariscos by the Cinta Costera for a few dollars of ceviche, then skip the tourist-priced restaurants on Avenida Central A in Casco for the same plate at triple the cost.
  • Use Uber instead of flagging cabs, the street taxis don't run meters and will quote a foreigner two or three times the fair rate, especially out of Casco Viejo at night.

When to go

Hostels run cheapest in the rainy stretch from May through November, then fill up and spike over the December to April dry season, with the sharpest crunch around Carnival in February and the Christmas-New Year weeks.

Frequently asked questions

How much do hostels in Panama City cost?

On a typical date, the cheapest available dorm bed is around $9. Dorm beds currently range from $9 to $95/night across the next 3 months of availability.

How many hostels does HostelHound track in Panama City?

HostelHound currently tracks 25 hostels in Panama City, Panama.

Is Panama City affordable compared to other hostel cities in Panama?

Panama City is one of the more affordable hostel destinations in Panama, with dorm prices starting from $9/night.

Where do backpackers stay in Panama City?

Most budget travelers split between Casco Viejo, the old town where the restored hostels sit a short walk from Plaza Herrera, and El Cangrejo, the leafy grid around Via Argentina with cheaper beds and a metro stop. El Cangrejo wins on value and late-night food, Casco wins on walkable nightlife if you can stomach the small premium.

What is the best time of year to visit Panama City?

Hostels run cheapest in the rainy stretch from May through November, then fill up and spike over the December to April dry season, with the sharpest crunch around Carnival in February and the Christmas-New Year weeks.