Cheapest Countries in South America for Budget Travellers and Gap Year Students
Amazing Wildlife? Check. Diverse cultures? Check. An abundance of adventure? Check. South America is a top choice for budget travellers and gap year students, because it is PACKED with budget-friendly countries and some of the cheapest places to visit: Bolivia, Ecuador, Peru, Paraguay, Colombia, and Argentina...and a lot more! These destinations are not only affordable but are also considered among the best South American countries for travellers seeking unique experiences and great value for money. Whether you’d like to hike across the Andes or discover the magnificent Amazon rainforest, there are countless options for travellers looking to experience adventure without spending a fortune!
Cheapest Countries in South America Compared by Cost and Experience
When planning a budget gap year, choosing one (or a few) of the cheapest countries in South America to visit can make your adventure last a lot longer. We’ve selected six places that are among the most budget-friendly countries in South America, making them popular destinations for travellers on a tight budget or planning a long-term trip. Since the average daily budget for these countries is significantly lower than in other regions, travellers can stretch their funds further and enjoy a longer, more immersive adventure.
Country | Avg. Daily Costs (USD) | Budget Highlights | Experience Type |
Bolivia | $16–$35 | Salar de Uyuni, La Paz, Amazon eco-work | Extreme budget, eco-travel |
Ecuador | $17–$40 | Amazon Basin, Andes hikes, Quito culture | Compact, diverse experiences |
Peru | $18–$50 | Machu Picchu, Cusco, ceviche culture | Cultural experiences, adventure travel |
Paraguay | $20 | Asunción, Pantanal, cultural immersion | Authentic, rural experiences |
Colombia | $21–$50 | Cartagena, Medellín, Amazon rainforest | Vibrant cultural experiences |
Argentina | $20–$45 | Buenos Aires, Patagonia, wine regions | Food, culture, and landscapes |
All of these popular destinations guarantee excellent value for budget travellers and gap year students alike: the low accommodation, food, and transportation costs in all of the above South American countries make them some of the cheapest places to visit in the region, without sacrificing unforgettable and unique travel experiences.
Related blog post: Travelling on a shoestring: Workawaying v.s. Backpacking
What are the 6 Cheapest Countries to Visit in South America Right Now
Here are the top six destinations in South America that offer affordable travel experiences, with daily travel costs and highlights showing why these countries are our top picks as budget travellers:
1. Bolivia – the Cheapest Country Overall
Daily cost: $16–$35 USD | Budget hostel dorm: $4–$10 | Meal at local restaurants: $2–5 | Local beer: $1.50
When searching for the cheapest country in South America, Bolivia usually comes up top. In fact, Bolivia is considered the cheapest country to visit in South America, with a daily budget of around $16 USD, including affordable accommodation and local dining options. It is also considered one of the safest too! There is so much to see and do, from the turquoise waters of Laguna Verda to the sea of pink dotted with flamingos at Laguna Colorada.
For those who like to explore the world on two wheels, head for the infamous North Yungas cycling trail. Also nicknamed the Death Road, it leads down from the Bolivian capital of La Paz to the town of Coroico. However, be warned: an average of 300 travellers lose their lives on this treacherous route each year! While efforts have been made to make the route safer, it is always important to ensure your travel insurance fully covers you for a risky activity like this, especially if you plan to participate in adventure sports.
If you’re searching for tranquillity instead of adrenaline, head for the otherworldly landscape of Salar de Uyuni salt flats. Located in southwest Bolivia, it is the world’s largest salt flat and also home to flamingos! It is also possible to visit Lake Titicaca from Bolivia as it sits along the Peru-Bolivia border. This stunning natural attraction is of major religious importance to the local people. They believe it is the birthplace of God and that he rose from the lake to create the sun, stars, moon and people.
On a not so tranquil note, it is worth mentioning El Alto near to La Paz has a very bad reputation in terms of safety so travellers are encouraged to be extra vigilant if they visit. As Bolivia is located in the Andes Mountain range, it’s great for hikers but not so great for altitude sickness. With many of the cities located high above sea level, it can take time for visitors to acclimatise. So keep this in mind if you plan to visit (or that you may need to pay for specialist medication to help with altitude sickness).
Accommodation in Bolivia is very affordable, with budget hostel dorm beds in cities like La Paz and Sucre starting at just $4 per night. Eating at local restaurants is also very cheap, making it easy for budget travellers to enjoy authentic Bolivian cuisine. Getting around is inexpensive too, with public transportation in La Paz such as local buses or the cable car network, costing less than $0.50 per ride.
In summary, budget travellers can expect to easily get around while spending not more than $35 USD per day in Bolivia, making it one of the cheapest countries in South America to visit.
2. Ecuador – Accessible and Affordable Adventures
Daily cost: $17–$40 USD | Hostel dorm: $10 | Three-course lunch: $13 | Local beer: $2
Ecuador ranks as our second-cheapest country in South America, with an average daily budget of approximately $17 USD. It also uses the US dollar as its currency, which makes budgeting simple for money-savvy travellers!
Ecuador is not only one of the cheapest countries in South America, it is one of the smallest too: a compact country that allows budget travellers to experience a wide range of climates and attractions within short distances. For example, you can have breakfast on the beach, lunch in the Andes, and finish with dinner in the Amazon rainforest. Having so much to offer travellers in such a small country makes Ecuador a fantastic budget destination, even if you are on a time crunch.
Yet despite these incredible experiences, Ecuador is often overlooked by those on a budget as it is most famously known as a gateway to the Galápagos Islands. The Galápagos Islands are a unique, bucket-list destination renowned for their extraordinary biodiversity and protected status, but they are not so budget-friendly due to high costs and strict regulations to preserve the fragile ecosystem. Quito, the capital city, is one of the cheapest capital cities in South America and is renowned for its colonial architecture. Although many use it as a stepping stone to the Galápagos, it’s not a destination to be overlooked. Ecuador offers a diverse range of attractions, from the colonial architecture of the capital city Quito to the unique ecosystems of the Galápagos Islands, making it a culturally rich destination for budget travelers. For comparison, Easter Island - officially part of Chile - is another remote and high-cost South American destination, famous for its archaeological moai statues and geographic isolation, making it less accessible and more expensive than mainland regions.
Ecuador is also ideal for those who dream of visiting the Amazon rainforest on a budget. If you want to experience the Amazon, but you don’t have the funds or time for an extensive group tour, your best bet is to go to the Tena area – it offers a gateway to the Amazon basin. When planning your trip, keep in mind that the rainy season can significantly impact travel in the Amazon and Andes regions, affecting accessibility and the overall experience. While prices may be lower during the rainy season, some areas can become difficult to reach, so timing your visit is important.
If trekking the rainforest isn’t your thing, head for the Quilotoa Loop. It is a stunning ring-shaped trail that connects remote villages in the high Andes and a wonderful way to experience the Ecuadorian rural way of life.
Ecuador is often given a bad reputation for safety due to the nationwide protests in recent years. Protests of any kind should be avoided if you are visiting Ecuador. Do not let this put you off visiting this epic country, however, as Ecuador has recently risen 9 places in the Global Peace Index. This means it has gradually become safer and safer for visitors. However, travellers should be aware that Ecuador is located along the ‘ring of fire,’ an area of significant seismic activity, so it’s wise to familiarise yourself with safety procedures and ensure your travel insurance covers such events.
When it comes to food, Ecuador offers delicious food and local cuisine at affordable prices, making it easy for travellers to enjoy authentic meals without breaking the bank.
Excluding costs for the Galápagos Islands, Ecuador is a fantastic budget-friendly destination for both budget travellers and gap year students, as well as those looking to enjoy a range of diverse experiences in one country.
3. Peru – Culture, Cuisine, and Cheap Treks
Daily cost: $18–$50 USD | Hostel dorm: $5–10 | Local meal: $5–8 | Beer: $2
Peru is renowned as the only country in South America where travellers can explore such a concentration of pre-Columbian ruins and archaeological sites, including Machu Picchu and the Sacred Valley, both of which are UNESCO World Heritage Sites. These sites attract millions of visitors each year and are integral to the country’s cultural heritage. There are two main reasons nearly four million people flock to Peru each year: to hike and to eat. It happens to be a bonus that it is one of the cheapest countries in South America! Highlights include exploring traces of the Inca culture, including the impressive UNESCO World Heritage Sites such as Choquequirao, Machu Picchu or the Nazca lines.
Lake Titicaca is also worth a visit, as one of South America’s largest lakes and the world’s highest navigable body of water. If water is your thing, you may also enjoy a relaxing surf trip to the beach at Mancora, or the bizarre yet beautiful Huacachina, a village built around a small oasis surrounded by sand dunes in southwest Peru.
Despite being one of the cheapest countries in South America, Peru offers world-class dining! For affordable meals and a truly authentic local experience, visit local markets, where you can find budget-friendly delicacies and immerse yourself in regional culture away from tourist-heavy restaurants. Look out for almuerzo deals at local eateries, where you can enjoy delicious food and sample local cuisine. Street food and snacks typically cost about half the price of sit-down meals, making it easy for budget travelers to experience authentic flavors without overspending. The most common dishes include Ceviche, which is fresh raw fish cured in citrus juice, Aji de gallina, a chicken-based dish with chili-peanut sauce, a beef dish called Lomo saltado, and cuy, which is guinea pig - yup, guinea pig!
Peru was considered one of the safest countries in South America for independent solo travellers before the 2023 protests, which have since impacted its tourism and safety perception. Peru is generally considered a safe destination to visit, however petty crime is still common. As it’s such a popular destination with tourists, it’s important you choose only reputable tour agencies or bus companies. The cheapest isn’t always the safest option!
When planning your trip, keep in mind that the rainy season, which typically runs from November to March, can affect travel to Machu Picchu and other attractions. During the rainy season, some trails may be muddy or closed, and there may be fewer crowds and lower prices, but weather conditions can impact your experience.
For budget travellers, as long as you avoid organised tours that can significantly increase expenses, you can comfortably enjoy the region at a daily average of $50 USD.
4. Paraguay – Underrated and Incredibly Cheap
Daily cost: $20 USD | Street food: $2–3 | Hostel dorm: $12 | Beer: $1.50
Paraguay is often overlooked, but is one of the cheapest countries in South America, with a daily budget of about $20 USD. It offers unique cultural experiences without the crowds, making it ideal for travellers seeking authenticity and genuine local encounters. This landlocked country is divided into two regions - the western part of the Rio Paraguay and the eastern part of the great river.
This divide offers a huge diversity in landscape from the Gran Chaco (also known as Dry Chaco), which is the largest dry forest ecosystem in South America, to the famous marshes of the Pantanal, the largest tropical wetland in the world.
Paraguay has a population of over 7 million, of which around 2 million live in the capital Asunción. With fewer tourists, you will find the locals curious and friendly, and you can enjoy affordable local cuisine that reflects the country’s rich traditions.
There is also a growing demand for volunteers to teach languages, particularly Spanish and Guarani, and to support sustainable farming projects due to high deforestation rates, offering meaningful ways to engage with the community.
Paraguay lacks major tourist attractions and is often considered limited in its sightseeing options, but this absence means you can enjoy authentic experiences and discover hidden gems away from the typical tourist trail.
The rarity of tourists may make you question if it is safe to travel to Paraguay. While crime is considered low, as always it is best to avoid flaunting your wealth which may attract pickpockets or scam artists.
The biggest safety concern in Paraguay is actually motorcycles. Similar to backpacking in Asia, it is vital you remain road savvy as there are an abundance of motorcycles often driven by risk taking locals who ride without helmets or lights.
5. Colombia – Colorful, Cultural, and Budget Friendly
Daily cost: $21–$50 USD | Empanadas: $0.20 or meals: $3–5 | Hostel dorm: $12 | Beer: $1
Often considered one of the best budget-friendly travel destinations in the Americas due to its vibrant culture and landscape, Colombia is home to 10% of the Amazon rainforest, the start of the Andes Mountain Range, bustling cities like Bogota and Medellín and of course, Colombians - some of the warmest locals you will ever meet.
With coastlines on the Atlantic Ocean, Caribbean Sea and the Pacific it’s also a favourite budget destination for surfers. The beach not your thing? Head inland for lush jungles, lost ancient cities, and remote indigenous communities. There really is something for all budgets and adventure styles.
When booking accommodation or planning your trip, be sure to check reviews from other travellers to find the best budget options and get recommendations based on real experiences.
One of the best tips for Colombia (as well as all the cheapest countries in South America) is to head off the beaten path. Whether it’s up into the mountains, along the coast or deep into the jungle, the best adventures are usually the hardest to get to but that’s where Workaway comes in! By staying with local communities and immersing yourself in the colourful, Colombian culture you will learn there’s so much more to this epic country than Netflix gives it credit for.
Colombia may be considered one of the cheapest countries in South America, but it is rarely considered one of the safest. It’s no secret that crime is an issue, but it is improving and most tourists have uneventful trips. Most visitors stick to Cartagena or Medellín, but as long as you take the usual safety precautions (do not flaunt your wealth, always let someone know where you are going, stay with reputable hosts or hostels etc.) then you will enjoy your time in Colombia.
6. Argentina – Now Affordable Thanks to Exchange Rates
Daily cost: $20-45 USD | Hostel dorm: $10–13 | Meal: $5 | Beer: $1.70 or wine which is understandably cheaper: $1.20
Surprised to see Argentina on the list of cheapest countries in South America? Due to currency changes and favourable exchange rates, Argentina has become one of the cheapest South American countries to visit right now, making travel costs much lower for visitors. This is especially notable when compared to more expensive countries in South America such as Chile and Brazil, where accommodation, attractions, and transportation can significantly increase your budget.
While Argentina is renowned for its steak and wine (sounds fancy, I know!), it can still be an affordable destination for gap year students too. The bustling cosmopolitan Buenos Aires is easily one of the best South American cities to visit so deserves being squeezed onto this list.
While Buenos Aires is breathtaking and ideal for those also hoping to visit the beaches of Uruguay and Iguazu Falls, Mendoza is also a highlight. Mendoza is the capital of wine country as well as the starting point for climbing Aconcagua, the highest peak in the Americas. Speaking of peaks, the multi-colored hills in Jujuy are also unmissable as well as the stunning mountain views in Patagonia.
Given Argentina’s large size, domestic flights may be necessary to cover long distances between regions, but traveling by bus is generally more economical and widely used by budget travellers.
When it comes to accommodation, Argentina offers a wide range of options from budget hostels to boutique stays and luxury hotels, catering to all types of travellers.
Argentina is not the easiest place to travel if you’re vegan, as Argentines are famous for their asado (barbeque) where they consume a tremendous amount of beef, in particular steak and ribs.
If you’re wondering whether Argentina is safe to visit, it is statistically one of the safest places in South America, even if you’re travelling solo. Although petty crime still occurs, this is usually in the major cities and it is actually one of the best countries in South America for those on a budget as hitchhiking is common.
One thing to note on safety for Argentina is the threat of Dengue Fever, which is spread through mosquito bites. On a positive note, however, Argentina does offer free health care for all that is of a very high standard compared to other countries in South America.
How to Choose the Cheapest Country in South America for Your Trip
Finding the cheapest country in South America for travel depends on your interests, travel style, and comfort levels. Each of these South American countries have something special to offer, so if you're not sure where you'd like to start, consider the type of traveller you are and experience you'd enjoy the most:
- Adventure seekers: Bolivia and Peru for mountains, lakes, and treks.
- Beach lovers: Colombia and Ecuador offer beautiful coastlines for less.
- Cultural explorers: Argentina’s tango and Paraguay’s authentic local life.
- Eco-travellers: Ecuador and Colombia have vibrant sustainable and eco-tourism projects.
When choosing the best budget destination in South America, consider exchange rates, safety, travel routes, and volunteer opportunities. If you’re wondering where to travel cheap in South America, look beyond the famous landmarks - you’ll often find the best value in small towns, rural communities, and local guesthouses.
Focusing on one country at a time can help you better manage your budget and travel logistics. When planning your trip, consider the role of major hubs: key airports in cities like Lima, Bogotá, and Buenos Aires, which offer direct flights from Europe and the US and make travelling to South America more convenient and cost-effective. Prices and experiences can vary greatly depending on the country you choose, and even between neighbouring countries, so it’s worth comparing options.
Related blog post: How to travel cheap while on the road
Why South America is One of the Cheapest Regions for Gap Year Travel
From coffee farms in Colombia to Andean treks in Peru, South America is among the cheapest South American countries to visit today, especially for students and gap year travellers. Whether you’re backpacking, volunteering, or slow traveling, there are plenty of cheap places in South America today that combine culture, history, and stunning nature at affordable prices.
Before you pack your backpack, here are a few important tips to make your budget stretch even further:
- Exchange rates: You’ll notice we didn’t include Venezuela and Suriname - this is due to extreme inflation, which makes costs unpredictable. Expenses can also vary greatly depending on the current exchange rate and local economic conditions.
- Safety: South America’s reputation for danger is overrated; many areas are very safe for sensible travellers. Always use common sense, stay insured, and learn basic Spanish.
- Weather: As climates are so varied, you can visit South America at any time of the year - travel during shoulder seasons (the period between high and low season) for the best combination of good deals and good weather.
- Food: Look for the famous “almuerzo”—a set lunch menu that gives you an authentic, local meal that’s both affordable and hearty. Local markets are also a fantastic way to find budget-friendly delicacies and experience regional culture, especially in small towns and remote areas, offering a more authentic alternative to tourist-heavy restaurants.
- Travel style: Remember, “cheap” is relative. Whether you prefer dorms or private rooms, local buses or tours, there’s a price point for every traveller. Public transportation is generally a budget-friendly way to get around, though it may be limited or unavailable in more remote or less-developed regions, so plan accordingly.
The average daily budget for travellers in South America can vary greatly depending on the country and travel style. It's important to note that some destinations in the region, such as Chile, Brazil, and even certain parts of Argentina, are considered expensive due to higher costs for accommodation, attractions, and transportation. That being said, South America remains a top choice for those on a tight budget!
How Much Does It Cost to Travel South America on a Budget
When considering the cost of travel in South America per day, prices vary greatly between countries and travel styles. Yet, compared to other continents, South America remains one of the most cost-effective destinations for long-term travellers. In fact, the average daily budget for travellers in the budget-friendly South American countries we've highlighted can be as low as $16, making these destinations some of the cheapest places for those on a tight budget.
- Budget Travel: Around $20–$50 USD per day
- Mid-range Travel: Around $100–$200 USD per day
This daily budget for South America travel includes accommodation, local meals, transportation, and basic activities. Opting for a budget hostel, street food, public buses. If you incorporate volunteering opportunities into your trip, you can also considerably lower your South America travel cost breakdown.
Travel insurance, good planning, and understanding local prices - like almuerzos, day trips, and shared transport - will help you travel sustainably and affordably across the continent. Keep in mind that costs can vary greatly depending on the country, travel style, and season.
Related blog post: Top budgeting tips on how to afford and plan your big trip
How Volunteering in South America Can Reduce Your Travel Costs
One of the best-kept secrets for South America budget travel is volunteering abroad - especially with Workaway! Many travellers in South America choose to volunteer in exchange for accommodation and meals, which helps them save money while experiencing local life. By volunteering with a Workaway host in one of these destinations, you can exchange your time and skills to stay at their home or project accommodation for free, thus reducing your travel cost in South America dramatically.
From eco-farms in Ecuador, reforestation in Colombia, and language teaching in Paraguay, to hostel help in Argentina or wildlife rehabilitation in Bolivia, volunteering makes it possible to travel for free in South America, explore longer, all while supporting local communities and gaining authentic cultural immersion. Depending on your next destination and what causes you’re passionate about, here are a few directions you can take as a volunteer...
Related blog post: 8 Ways Workaway can Save you Money
With over 50 hosts in Bolivia, volunteer opportunities mainly focus on a sustainable way of life. From permaculture to wildlife rehabilitation in the heart of the Amazon, the Bolivian people are passionate about protecting their fragile ecosystems and preserving their natural surroundings.
There are so many ways you can live like a local in Ecuador with over 300 Workaway hosts in this beautiful country. From eco farms in the Amazon, teaching English in the city to going off grid, there are so many communities that would value your time and skills.
Did you know, visiting Machu Picchu is possible on a budget thanks to Workaway? One of the cheapest ways to visit this bucket list destination is by getting the bus up the mountain from Aguas Calientes (the town at the bottom of the mountains nearest the ruins), or by staying with a host in the region! We have over 200 hosts in Peru searching for support in all kinds of ways, from digital marketing tips, to helping out at hostels to stay for free.
Paraguay is a great destination for those looking to volunteer teaching a language. Spanish and Guarani are both national languages, with 92% of the population speaking Spanish and 98% speaking Guarani; however in many places, German, English, and Portuguese are understood and sometimes also spoken.
Related blog post: How to travel the world as a language teacher
If you’re keen to give off grid living a chance, Colombia is a great place to start. Ecotourism is growing at an exciting rate in Colombia, with many locals passionate about sustainable living, permaculture and organic farming. Volunteer opportunities in Colombia include reforestation, animal conservation and eco-construction among so many others.
There are hundreds of hosts in Argentina offering a diverse range of opportunities. Whether you head for the hills or the city, there are so many reasons to share your skills with the friendly locals.
Argentina is famous for its national dance, the tango, so it is a haven for those wanting to learn or share their dance knowledge. There is also an abundance of free public places to watch locals dance their day away. Other opportunities include projects in tourism, sustainability, farming, yoga, music and more.
Many travellers combine paid excursions with volunteering periods, stretching their budget while building lifelong connections across the continent. It’s the smartest way to make your budget gap year in South America last as long as possible.
South America has always been a special place for travellers on a budget, not only because it can be affordable, but because of the richness of the experiences you can have along the way. From trekking through Peru, learning to tango in Argentina, to living off-grid with a community in Colombia, these South American countries offer endless opportunities that are vibrant and varied. With Workaway, affordable South America travel can become a chance to slow down, share skills, experience everyday life from a local perspective, and create memories that stay with you long after the journey ends.:)
About Lauren
Growing up in a small coastal village in Scotland inspired Lauren to seek adventure and challenge the norm. Armed with just her backpack and trusty travel companion Darren, she quit her day job to liv
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