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.

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 is like that friend who’s effortlessly cool, breathtakingly beautiful, and—best of all—won’t drain your bank account. With its vibrant culture, stunning landscapes, and budget-friendly prices, this South American gem is perfect for travelers who want adventure without the financial regret.

Stroll through the candy-colored streets of Cartagena. Hike among the world’s tallest wax palms in the Cocora Valley, where you’ll feel like you’ve stepped into a fantasy novel. Then, unwind on the beaches of Tayrona National Park, where the jungle meets the Caribbean in the most spectacular way.

Throw in cheap-but-delicious street food (arepas and empanadas will never let you down) and affordable guesthouses, and you’ve got yourself an adventure that’s easy on the eyes and the wallet.

2. Ecuador

Daily Budget: $20–35 | Hostel: $5–10 | Meal: $2–5

Ecuador is proof that you don’t need a millionaire’s budget to have a billionaire’s adventure. This compact yet wildly diverse country lets you explore colonial cities, towering mountains, lush jungles, and even the legendary Galápagos Islands—without your bank account waving a white flag.

Wander through the historic streets of Quito, where every corner feels like a postcard from the past. Trek through the Andes, spotting volcanoes that look straight out of a movie. Take a dip in the thermal baths of Baños, because nothing says “budget luxury” like soaking in natural hot springs with a mountain view. And yes, even the Galápagos can be affordable if you skip the luxury cruises and island-hop like a savvy traveler.

Whether you’re hiking through cloud forests, canoeing in the Amazon, or eating your weight in fresh ceviche, Ecuador proves that world-class adventures don’t have to come with world-class price tags.

3. Peru

Daily Budget: $25–40 | Hostel: $8–15 | Meal: $3–7

Peru is the kind of place where you can hike through ancient ruins, eat like royalty, and still have enough cash left for another round of pisco sours. Whether you’re chasing history in Cusco, trekking the Andes, or indulging in world-class cuisine, Peru delivers big adventures on a budget.

Start in Lima, where you can feast on some of the best (and surprisingly affordable) ceviche in the world. Head to Cusco, a city so charming you’ll forget it’s just your acclimatization stop before the real adventure—Machu Picchu. For the budget-conscious, skip the pricey train and opt for the Salkantay or Inca Jungle trek for an epic, cost-effective way to reach the famous ruins.

From sandboarding in Huacachina to exploring the floating villages of Lake Titicaca, Peru proves that you don’t need deep pockets to have an unforgettable trip—just a good pair of hiking boots and an appetite for adventure.

4. Bolivia

Daily Budget: $20–30 | Hostel: $5–10 | Meal: $2–5

Bolivia is where rugged landscapes meet rock-bottom prices—perfect for travelers who want jaw-dropping adventures without their wallets bursting into tears. From the otherworldly Uyuni Salt Flats to the vibrant chaos of La Paz, this high-altitude gem is one of the most affordable and underrated destinations in South America.

Start in La Paz, where cable cars serve as public transport (and double as the best city views you’ll ever get for under a dollar). Brave the adrenaline-pumping ride down Death Road, or if you prefer something less life-flashing-before-your-eyes, take a boat to Isla del Sol on Lake Titicaca, the mythical birthplace of the Inca civilization. And, of course, no trip is complete without a visit to Salar de Uyuni—where the sky and earth merge into a surreal, mirror-like landscape..

With stunning scenery, rich culture, and prices that make your budget sigh in relief, Bolivia proves that adventure doesn’t have to come with a luxury price tag—just a little altitude adjustment.

5. Paraguay

Daily Budget: $15–30 | Hostel: $5–8 | Meal: $1–4

Paraguay is South America’s best-kept secret—quietly sitting between its more famous neighbors, yet packed with culture, nature, and ridiculously budget-friendly prices. If you want an authentic, off-the-beaten-path adventure without crowds (or overpriced tourist traps), this is the place.

Start in Asunción, a capital where colonial charm meets modern energy, and a steak dinner won’t set you back more than a few dollars. Visit the ruins of Jesús and Trinidad, stunning UNESCO-listed Jesuit missions that feel like stepping into history—minus the selfie-stick-wielding crowds. Then, for nature lovers, the Gran Chaco region offers untouched wilderness, rare wildlife, and the kind of solitude you didn’t know you needed.

Paraguay may not scream for attention like its neighbors, but that’s exactly what makes it special. It’s affordable, authentic, and full of surprises—perfect for travelers who prefer discovering hidden gems over following the crowds.

6. Argentina

Daily Budget: $25–45 | Hostel: $8–15 | Meal: $3–7

Argentina is where you can sip world-class wine, feast on legendary steaks, and explore jaw-dropping landscapes—all without maxing out your credit card. From the buzzing streets of Buenos Aires to the glaciers of Patagonia, this country offers luxury-level experiences at backpacker-friendly prices (especially if you take advantage of the unofficial exchange rate).

Start in Buenos Aires, where you can watch a tango show, admire European-style architecture, and devour empanadas for pocket change. Head to Mendoza for wine tastings that cost less than a fancy coffee back home, then venture south to Patagonia, where nature turns up the drama with towering peaks, pristine lakes, and the mighty Perito Moreno Glacier.

With stunning landscapes, rich culture, and surprisingly affordable prices, Argentina is proof that you don’t need a big budget to live the good life—just an appetite for adventure (and steak).

7. Chile

Daily Budget: $30–50 | Hostel: $10–20 | Meal: $5–10

Chile is the ultimate playground for nature lovers, stretching from the driest desert on Earth to the glaciers of Patagonia. While it’s pricier than some of its neighbors, budget travelers can still explore its stunning landscapes without going broke—if they know a few tricks.

Start in Santiago, where you can hike up Cerro San Cristóbal for panoramic city views—completely free. Head north to the Atacama Desert for surreal landscapes that look straight out of a sci-fi movie. If Patagonia is calling your name, consider the budget-friendly O Circuit or W Trek in Torres del Paine, where you can camp instead of splurging on lodges.

Chile’s landscapes may be wild and extreme, but your spending doesn’t have to be—plan smart, embrace the outdoors, and enjoy the adventure of a lifetime without the luxury price tag.