Buenos Aires has some of the best-value accommodation in South America, especially given Argentina's USD-favorable exchange rate. San Telmo has charming guesthouses and B&Bs from USD$40. Palermo has boutique hostels and Airbnb apartments from USD$50 with the best local access. Milhouse Hostel (San Telmo and Palermo locations) is the most celebrated party hostel in South America. Art Factory Hostel (San Telmo) is the best design-focused budget stay.
Why We Chose It
Some of the best-value accommodation in South America — especially given Argentina's USD-favorable exchange rate. San Telmo and Palermo have hostels from USD$10 and guesthouses from USD$25.
What Stands Out
- Milhouse Hostel (San Telmo/Palermo): legendary party hostel, rooftop bar, social scene from USD$15 dorm
- Art Factory Hostel (San Telmo): converted palace, murals throughout, excellent value private rooms
- Palermo Airbnb apartments: excellent value, local experience, from USD$50/night
- Note: Argentina's currency situation makes USD-denominated hotels dramatically better value than peso prices suggest
- Always pay in USD cash for the best rate (the 'blue dollar' exchange makes this significant)