HostelHawk

Panama City

Panama · Price calendar

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Dorm beds in Panama City, Panama range from $8 to $43/night over the next 3 months. HostelHawk tracks 25 properties. Cheapest upcoming dates: Jul 4, Jul 5, Jul 6.

Tap a date to see hostels available that night.

July 2026
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+5%/−5% = price change over the last 7 days for that check-in date

Hostel prices in Panama City, Panama

A typical dorm night in Panama City runs about $9.

Across the upcoming months, July tends to be the cheapest month (from $8/night) and September the most expensive (from $10/night).

Other cities in Panama

Hostels we track in Panama City

Show all 25 hostels

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 does a hostel in Panama City cost per night?

Dorm beds in Panama City currently range from $8 to $43/night based on the next 3 months of availability.

When are the cheapest dates to book a hostel in Panama City?

Based on current data, the cheapest upcoming dates for hostels in Panama City are July 4, July 5, July 6.

How many hostels does HostelHawk track in Panama City?

HostelHawk currently tracks 25 hostels in Panama City, Panama.

What's the cheapest month to book a hostel in Panama City?

Based on current availability, July has the lowest hostel prices in Panama City, with dorm beds from $8/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.