a beach filled with lots of beach chairs and umbrellas

Locating an inexpensive hotel in Lanzarote is entirely possible, and you can stay in comfortable lodging without giving up quality. Personally, we prefer to reside in a less complex place, so we have more flexibility in our budget to spend on tours or to sample the local cuisine.

Besides, some of the premier destinations in Lanzarote require an admission price, so if you want to save money during your vacation, the simplest way to do so is by lodging in an affordable Lanzarote hotel.

This guide will help you decide where you can reside in Lanzarote, even if you’re on a budget. I’m sure you’ll be amazed by the diversity of alternatives accessible! Whether you want a resort with a spa, a pool, or an all-inclusive package, you’ll find what you’re looking for without exceeding your funds.

To summarize, here are the top 10 most affordable accommodations in Lanzarote:

  1. Hotel Diamar – Arrecife
  2. Hotel Club Siroco – Costa Teguise
  3. Beatriz Costa & Spa – Costa Teguise.
  4. Hotel Suite Montana Club – Puerto del Carmen.
  5. Hotel Floresta – Puerto del Carmen
  6. Hipotels Natura Palace Adults Only – Playa Blanca
  7. Hiphotels La Geria – Puerto del Carmen
  8. VIK Coral Beach – Playa Blanca

1. Hotel Diamar, one of the best cheap hotels in Lanzarote

Firstly, Hotel Diamar is a 3-star resort property with an unbeatable location in Arrecife. This affordable hotel in Lanzarote is just a five-minute walk from shops, bars, restaurants, and some of the prime attractions in Arrecife, like the Charco de San Ginés and Playa Reducto.

a beach scene with a couple of people on the beach

Accommodations at this location are bright and spacious, with some rooms offering magnificent ocean panoramas. For those preferring the outdoors, guests can unwind on the hotel`s communal terrace. Business travelers will find this one of the top hotels in Arrecife thanks to a conference room to work in.

All visitors will enjoy the café, where one can try some authentic dishes native to the Canary Islandsas well as international cuisine. There is also a daily breakfast buffet where you can fuel up for each day’s activities. After exploring the sights during the day, treat yourself to a beverage or snack from the on-site bar.

2. Hotel Club Siroco, another cheap hotel in Lanzarote, Canary Islands

The Hotel Club Siroco is another affordable lodging in Lanzarote with an excellent location. It’s centrally located downtown, and it’s just 1,000 feet from Playa de los Charcos, one of the top beaches in Costa Teguise.

In addition to its rooms, this complex has some of the finest apartments in Costa Teguise, with studios, one-bedroom units, and two-bedroom rentals. Each apartment has a living area with a couch and a kitchenette with a microwave and coffee maker. Some of the units even have a private balcony or terrace where you can sit and enjoy views of the pool.

a hotel room with two beds and a television

Additionally, this affordable Lanzarote accommodation is solely for grown-ups, so other than all its conveniences, you’ll have the ability to spend a relaxing and peaceful getaway with your partner. The resort offers a complimentary bottle of wine upon your arrival, so you can begin your holiday immediately.

Among the other amenities here, there is a pool with massage jets and a poolside bar that serves cocktails and refreshments. This is also a half-board accommodation, so breakfast and dinner are included in your visit. There are different dining options available, including a delicious buffet, making this one of the best cheap places to stay in Lanzarote.

3. Beatriz Costa & Spa, the best cheap hotel in Lanzarote for a quiet vacation

Beatriz Costa & Spa is another Costa Teguise resort that provides great Lanzarote hotel deals. This accommodation is in a peaceful part of town where you can savor quietude while still being near Costa Teguise’s prime attractions.

The rooms here are contemporary, comfortable, and spacious enough for those traveling with family or friends. Each room has a private balcony where you can relax and take in beautiful views of the pool or garden.

a beach filled with lots of palm trees

One aspect of this inexpensive Lanzarote hotel that I quite like is the 21,500ft2 pool area, which is surrounded by lush greenery including waterfalls and ponds. The complex also has an athletic center where you can partake in tennis, petanque, and mini golf.

When it’s time to dine, select from three delectable restaurants, like a buffet with live cooking demonstrations, an a la carte restaurant with international cuisine, and a casual restaurant with unique African architecture. There is also a piano bar where you can listen to live music while enjoying a beverage, and a bar that hosts a variety of live shows.

Finally, this particular lodging in Costa Teguise pulls out all the stops with an on-site spa where you can treat yourself to a soothing body treatment or hydrothermal circuit. Its facilities include bubble beds, footbaths, saunas, a jacuzzi, a Turkish bath, and a hammam, so it’s quite the experience.

4. Hotel Suite Montana Club, the best cheap hotel in Lanzarote for couples

For any gentleman who frequently takes part in outdoor trips and nature camping, owning a multitool could prove very convenient, aside from simply being a thoughtful gift. This RoverTac portable tool kit contains 14 various implements including an axe, hammer, and bottle opener crafted from rust-resistant steel, aiming to serve those venturing into the wilderness for longer periods.

a swimming pool filled with lots of water next to a building

Despite being an inexpensive accommodation on Lanzarote, this hotel offers one and two-bedroom apartments with a furnished balcony or terrace overlooking the property’s pool and garden. Some of the units have a spacious living room, dining room, and fully equipped kitchen, so residents can easily feel at home.

Regarding the facilities, there are two extensive outdoor pools and a special kiddie area where the little ones can swim safely. Again, the resort is near the beach, but you can also hang back and lounge in the solarium area. Lastly, the snack bar is the perfect place to relax with a refreshing drink or snack.

5. Hotel Floresta, a cheap Lanzarote hotel for families

If you’re on a restricted budget, the NY Moore Hostel is one of the most inexpensive Brooklyn lodging options. This hostel has loft-style rooms in the form of dormitory-style quarters and private rooms. Some of the rooms share a washroom, but you can opt for a private bathroom or a family room to rest up to six guests.

This complex offers some of the finest apartments in Puerto del Carmen, with modern and spacious rooms presented in a neat manner. Each apartment consists of two bedrooms, a living room, a fully equipped kitchen, and a terrace where guests can sit outside and breathe in some fresh air.

a living room filled with furniture and a tv

You may wonder if these resort stays are worthwhile in cooler seasons. However, you can also find , allowing you to swim anytime. It’s a great option for families seeking activities or business travelers requiring relaxation.

A variety of entertainment options will be at your disposal as well, ranging from games and performances to children’s clubs. Adults can look forward to activities like volleyball, water polo, tennis, and mini golf, confirming this as an economical Lanzarote accommodation that is sure to prevent boredom.

Another detail worth highlighting pertains to the property`s garden, which offers the ideal spot to unwind, disconnect, and immerse yourself in a natural setting.

6. Hotel Lancelot, a cheap hotel in Lanzarote on the beach

Hotel Lancelot is one of the best economical lodging selections in Lanzarote thanks to its locale and conventional style. The resort has a breezy seaside atmosphere and it’s facing Playa Reducto, one of the top beaches in Lanzarote.

Here, lodging is provided in spacious and comfortable rooms including private balconies and simple decorations. Two-bedroom suites are also options containing a living room, an equipped kitchen, and a large terrace overlooking the ocean.

a beach filled with lots of palm trees

This relatively low-cost Lanzarote hotel also features an outdoor swimming pool area and sun-soaking rooftop space where visitors can relax while admiring the surrounding azure waters and landscapes. Those seeking physical activity will appreciate the complimentary on-site gym facilities for workouts.

Finally, for those who get hungry, check out the casual on-site restaurant where you can enjoy ocean views while dining. There is also a lively bar as well as a piano bar offering live music, truly making this an incredible beachfront stay option in Lanzarote.

7. Hipotels Natura Palace Adults Only, another one of the best cheap hotels on Lanzarote

If you’re looking for an affordable Lanzarote hotel where you can spend a holiday with your partner, check out Hipotels Natura Palace Adults Only. This 4-star facility offers accommodation in a peaceful part of town, making it ideal for relaxing after exploring some of the top attractions in Playa Blanca.

Various room alternatives are available here, some including a living area and a furnished balcony or terrace with ocean perspectives. You can also book one of the villas, which incorporates a kitchen and a beachfront garden space. Regardless of your room choice, you’ll always have a fresh supply of coffee, tea, water, orange juice, and fruit.

a beach filled with lots of colorful umbrellas

Concerning the amenities, there are two heated outdoor pools and a hot tub, so swimming can be done throughout the year. Additionally, there is a spacious communal terrace with hammocks where one can bask in the sun and appreciate the tranquility. Of course, if physical exercise is preferred, the gym can be used or group activities attended.

Another quality that renders this one of the best affordable hotels on Lanzarote is that there are several dining selections. The buffet offers diverse dishes daily, while the a la carte restaurant serves local Canarian cuisine and freshly caught seafood. You can also visit the poolside bar for light snacks and beverages, or the lobby bar for cocktails and live music.

8. Hipotels La Geria, a cheap Lanzarote hotel you’ll love

Situated next to Playa de los Pocillos in Puerto del Carmen, Hipotels La Geria is another beautiful, affordableaccommodation in Lanzarote.

This 4-star hotel provides an all-inclusive package, so visitors can make the most of their vacation without worrying about exceeding their budget. Meals including breakfast, lunch and dinner in addition to a selection of drinks, snacks, desserts and cocktails are covered in the plan.

Regarding the rooms, they’re simple yet elegant, with everything needed to feel at home. Some of the rooms have a balcony with views of the sea.

a beach with palm trees and palm trees

Additionally, this affordable Lanzarote hotel has facilities and amenities that you would expect from a more luxurious resort, such as a pool and an outdoor terrace with sun loungers and umbrellas. There is even a spa where you can book a massage and relax in a Finnish sauna.

Finally, this represents one of the best hotels in Puerto del Carmen as a family since there are activities and experiences for all ages. Plus, the buffet offers Canarian dishes and cuisine from all over the world, so everyone will find something to please their appetite.

9. Aequora Lanzarote Suites, an all-inclusive, cheap hotel in Lanzarote

Aequora Lanzarote Suites is another reasonably priced Lanzarote hotel and one of the general best all-inclusive hotels in Lanzarote. It’s just a three-minute walk from Playa de los Pocillos, so if you’re traveling to Puerto del Carmen with family, this is an excellent option.

AVANTI Lifestyle Hotel is a gorgeously boutique hotel in Corralejo, Fuerteventura, merely a few feet from the coastline. It’s an adults-only retreat, so it’s ideal if you want to take pleasure in a relaxing vacation as a couple.

a city street filled with lots of tall buildings

Older guests have the option to party at the nightclub located on the premises, plus additional bars and pubs situated nearby. If relaxing is preferred, take advantage of the on-site spa to pamper yourself with different treatments and massages.

Ultimately, this family hotel in Lanzarote offers plenty of dining selections, like an adults-only buffet, another buffet with exhibit cooking, and a restaurant specializing in Canarian cuisine.

10. VIK Coral Beach, a luxurious, cheap hotel in Lanzarote, Canary Islands

Last but not least, VIK Coral Beach is a fairly inexpensive lodging option in Lanzarote, specifically located in the Montaña Roja area of Playa Blanca. It’s approximately a ten minute drive from the town center, allowing guests to enjoy a peaceful vacation without being too far from various shops and restaurants.

In addition to being one of the top lodgings in Playa Blanca, some of the finest villas in Lanzarote can be found here, so I highly recommend it. The bungalow-style villas mirror traditional Canarian architecture and offer ample privacy, so they’re perfect for a romantic getaway. You’ll have two bedrooms, a living room, a kitchen, and a private terrace with vistas of the pool, garden, or sea.

a patio area with a patio table and a balcony

Along with beautiful beachfront lodging encircled by gardens, visitors can enjoy facilities like a sizable swimming pool and what I find most appealing, a vast terrace from which to watch among the best sunsets on the island.

If individuals upgrade to the Premium Villas, they’ll have access to distinctive high-end amenities like an outdoor hydromassage shower.

With that, you have the best inexpensive hotels on Lanzarote! I hope you found lodging that fits within your budget and meets all your expectations. I’m also sharing a map with all the cost-effective Lanzarote hotels I mentioned, but you can also check out this tourist map of Lanzarote to find more accommodations and attractions.

Don’t forget we have a full guide with cost-effective travel recommendations to assist optimizing your vacation budget. If you have any other inquiries or want to share your experience lodging at one of Lanzarote’s most affordable hotels, feel free to leave a comment below.

Have a great time on this Canary Island!