7 Cheapest Countries to Visit in South America 2025: Budget Travel Guide
South America is a haven for those seeking cheap travel destinations filled with rich history, diverse landscapes, and vibrant cities. Whether you’re hiking the iconic trails in Peru, soaking up the energy of Colombia, or exploring Argentina’s wine country, this region offers incredible adventures that won’t break the bank.
For even more inspiration, explore some of the cheapest destinations around the world in our guides to the 7 Cheapest Caribbean Countries to Visit in 2025 or the 45 Cheapest Countries to Visit in 2025. Traveling on a budget? Check out 15 Genius Ways to Travel on a Budget for practical tips to stretch your travel dollars.
With insider tips for cheap travel in South America, this guide will help you create a travel budget worksheet and plan an awe-inspiring, affordable adventure.
1. Colombia
Daily Budget: $20–40 | Hostel: $5–10 | Meal: $2–6
Colombia’s vibrant culture, stunning landscapes, and affordable prices make it one of the best places to travel on a budget. Wander the colorful streets of Cartagena, hike in the Cocora Valley, or relax on the beaches of Tayrona National Park. With budget-friendly accommodations and delicious local food, Colombia is a must-visit.
2. Ecuador
Daily Budget: $20–35 | Hostel: $5–10 | Meal: $2–5
Ecuador offers budget travelers diverse experiences, from Quito’s historic charm to the Galápagos Islands’ natural wonders. Explore the Andes, visit the Amazon rainforest, or relax in the thermal baths of Baños—all without overspending.
3. Peru
Daily Budget: $25–40 | Hostel: $8–15 | Meal: $3–7
Peru is famous for Machu Picchu, but it offers so much more. Wander through Lima’s vibrant streets, explore the Sacred Valley, or hike the stunning Colca Canyon. With affordable transport and dining, Peru is ideal for those traveling on a budget.
4. Bolivia
Daily Budget: $20–30 | Hostel: $5–10 | Meal: $2–5
Bolivia is one of the cheapest places to travel in South America. Visit the otherworldly Uyuni Salt Flats, explore La Paz’s bustling markets, or sail on Lake Titicaca. Bolivia’s affordability and unique landscapes make it a favorite among budget travelers.
5. Paraguay
Daily Budget: $15–30 | Hostel: $5–8 | Meal: $1–4
Often overlooked, Paraguay is a hidden gem for budget travelers. Discover the colonial charm of Asunción, visit the Jesuit ruins, or unwind in peaceful national parks. Its affordability and off-the-beaten-path feel make it a unique destination.
6. Argentina
Daily Budget: $25–45 | Hostel: $8–15 | Meal: $3–7
Argentina combines natural beauty with urban sophistication, all at surprisingly low costs. Explore Buenos Aires’ vibrant culture, hike in Patagonia, or sip wine in Mendoza. With affordable public transport and budget accommodations, it’s easy to enjoy Argentina on a budget.
7. Chile
Daily Budget: $30–50 | Hostel: $10–20 | Meal: $5–10
Chile offers stunning landscapes and outdoor adventures for budget-conscious travelers. Visit the Atacama Desert, explore Santiago, or hike in Torres del Paine. Although slightly pricier than some neighbors, it’s still affordable with careful planning and offers incredible value for its scenery.
