How to save money traveling through Peru.

Peru is an absolutely breathtaking country, brimming with ancient ruins, lively culture, stunning mountains, and delicious food. However, if you don’t plan ahead, the costs can add up quickly! Luckily, with some smart planning and local insight, you can travel comfortably on a budget and still experience the best this amazing country has to offer.

Hostels & Guesthouses

Peru boasts an enormous backpacker network. For instance, websites like Hostelworld and Booking.com frequently highlight great options where private rooms cost between $10 and $20 per night. Furthermore, many of these hostels include breakfast and social activities, making them ideal for budget travelers.

Hospedajes (Local Family Inns)

These charming, family-run spots are often hidden gems that you won’t easily find online. The best way to uncover them is to stroll through the town and chat with the locals. They tend to be more affordable, cozier, and offer a truly authentic experience.

Couchsurfing

If you enjoy meeting locals, Couchsurfing is an excellent way to stay for free. Peru has a friendly community, especially in Cusco, Lima, and Arequipa.

Longer Stays Pay Off

If you plan to stay for a week or more, don’t hesitate to negotiate directly with the owner. Many offer discounts for longer stays or for paying in cash.

Food: Eat Like a Local

Peruvian cuisine is world-renowned, and you don’t have to spend much to enjoy it.

Menus of the Day

At lunchtime, you can find local restaurants dishing out the beloved “menu del día” — a delightful 2- or 3-course meal that typically includes soup, a main dish, and a refreshing juice, all for just 4–10 soles (around $1–3 USD). It’s not only delicious and satisfying but also super budget-friendly. Plus, it’s a fantastic opportunity to savor traditional dishes like lomo saltado or aji de gallina.

Street Food Delights

Peru offers some of the best street food in Latin America. You must try:

Anticuchos (beef heart skewers)

Tamales (corn dough stuffed with meat or vegetables)

Picarones (sweet fried doughnuts)

Money and Budgeting

Currency and Payments

The official currency is the Peruvian sol (PEN). Because many small businesses only accept cash, it’s best to withdraw larger amounts to avoid repeated ATM fees.

If you’re looking for reliable options, go for GlobalNet or BCP ATMs—they’re easy to find and you can trust them. Plus, some foreign banks will even cover the fees for international withdrawals!