Panama City skyline and Cerro Ancon behind a bay full of moored sailboats at sunrise

Cheap hotels in Panama City

Panama City pairs a glittering skyline with Casco Viejo, a UNESCO-listed colonial quarter of plazas and restored mansions. Most visitors come for the Panama Canal, and there are good-value hotels across the modern districts.

Want a hotel in Panama City for less? Compare cheap hotels, discount rooms and last-minute hotel deals from the major booking sites in one place, then book directly at their price — we never add fees.

Panama City is the gateway to the Panama Canal — the Miraflores Locks visitor center is a short drive from downtown, and canal cruises embark or call on both the Pacific and Caribbean sides.

Where to find cheap rooms in Panama City

Casco Viejo

The historic old town of plazas, rooftop bars and boutique hotels in restored buildings.

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El Cangrejo & Bella Vista

Central neighborhoods with many good-value hotels, restaurants and the metro nearby.

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Avenida Balboa

The bay-front boulevard and Cinta Costera, with high-rise hotels and sea views.

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Punta Paitilla & Punta Pacífica

Upscale towers, big hotels and shopping on the waterfront.

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Amador Causeway

A causeway at the Pacific entrance to the canal, with the Biomuseo and views of passing ships.

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Map of cheap hotels in Panama City

Zoom and pan the map to compare hotel prices by neighborhood; rates come live from the booking sites.

Photos of Panama City

When to book a cheap hotel in Panama City

The dry season, roughly mid-December to April, is the most popular time and brings the highest rates; the rainy season is cheaper, with showers most afternoons.

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Frequently asked questions

Where can I find cheap hotels in Panama City?

El Cangrejo and Bella Vista have many good-value hotels close to restaurants and the metro.

Where can I see the Panama Canal?

The Miraflores Locks visitor center, a short drive from downtown, has viewing decks where you can watch ships pass through.

Where should I stay before a Panama Canal cruise?

Check whether your ship leaves from the Pacific or Caribbean side; Panama City hotels suit Pacific departures, and cruise lines often run transfers to Colón on the Caribbean side.