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When you envision the affordable overwater bungalows Caribbean, Cuba or Jamaica might spring to mind. Surprisingly, neither is correct. Most of the region’s overwater accommodations are actually located in a lesser-known, picturesque area.
Our fascination with finding the world’s most budget-friendly overwater bungalows began with a 2019 stay in the Maldives. This led us to compile a comprehensive list of every overwater bungalow worldwide. This resource allows us to identify truly affordable options amidst the competition.
This guide focuses on the Caribbean, where just 29 hotels or resorts offer overwater bungalows. Of these, eight lack transparent pricing, marked as “N/A” on our list. We advocate for clear pricing; when it’s not available, we note that as N/A to encourage greater transparency in the future.
Zooming into the Caribbean, the Bocas Del Toro region of Panama emerges as a hotspot with the highest concentration of overwater bungalows. Here, prices start as low as $79 per night, contrasting sharply with up to $4,000 per night in St. Lucia. Our complete list below details these variations.
The quality and service levels of these accommodations can vary significantly with price. However, there are still affordable hidden gems, ideal for those with a penchant for adventure.
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Now, let’s explore the cheapest overwater bungalows in the Caribbean.
El Clandestino – $79+ Per Night
Book here if you care about: Rustic locally owned overwater bungalows
Located in the much loved Bocas Del Toro, El Clandestino invites guests to enjoy a unique local experience. Intimate setting with tasty affordable meals being served up. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Visitors can enjoy distinct seasonal activities, making any visit a rich experience.
CocoVivo – $89+ Per Night
Book here if you care about: Unique translucent overwater bungalows in a micro boutique hotel
Explore the natural beauty of Bocas Del Toro at CocoVivo, located in the heart of the Caribbean. Only 2 overwater bungalows available in this boutique hotel. The best time to visit is during the high season, November – April, while the quieter low season is May – October. This destination is ideal for those who appreciate both vibrant and tranquil travel experiences.
El Toucan Loco – $89+ Per Night
Book here if you care about: Bare bones resort for local experience
Located in the vibrant Bocas Del Toro, El Toucan Loco invites guests to enjoy a unique local experience. Authentic locally owned resort with floating overwater bungalows. The best time to visit is during the high season, November – April, while the quieter low season is May – October. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
EI Faro del Colibri – $124+ Per Night
Book here if you care about: Compact hotel walking distance to restaurants and a marina
Experience the charm of Bocas Del Toro, at the delightful EI Faro del Colibri. 5 Overwater bungalows close to Bocas Town. The best time to visit is during the high season, November – April, while the quieter low season is May – October. With each season offering something special, this place remains a perfect year-round getaway.
The Sea Monkey Affordable Overwater Bungalows – $129+ Per Night
Book here if you care about: Minimalist overwater bungalows with sunset views
Embrace the serene environment of Bocas Del Toro, by staying at The Sea Monkey Overwater Bungalows, where comfort meets culture. 2 Overwater bungalows with sunset views. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Each visit offers a chance to experience new aspects of Bocas Del Toro, making it ideal for repeat visits.
Aqui Hoy Cabañas – $138+ Per Night
Book here if you care about: Only 2 overwater bungalows on site
Embrace the serene environment of Bocas Del Toro, by staying at Aqui Hoy Cabanas, where comfort meets culture. Unique layout with restaurant in between 2 overwater bungalows. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Whether you come in the peak or off-peak season, this location promises memorable adventures.
Vladi’s Bungalow’s – $158+ Per Night
Book here if you care about: Apartment style living in an overwater bungalow
Embrace the serene environment of Bocas Del Toro, by staying at Vladi’s Bungalow’s, where comfort meets culture. 2 Apartment style overwater bungalows in a remote setting. The best time to visit is during the high season, November – April, while the quieter low season is May – October. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
Urraca Private Island Bocas del Toro – $200+ Per Night
Book here if you care about: Pink overwater bungalows in the mangroves
Urraca Private Island Bocas del Toro provides a perfect gateway to explore the wonders of Bocas Del Toro. Very small condensed feel for personalized service.. The best time to visit is during the high season, November – April, while the quieter low season is May – October. This destination is ideal for those who appreciate both vibrant and tranquil travel experiences.
Cabañas Waili – $250+ Per Night
Book here if you care about: Rustic overwater bungalows in the stunning San Blas Islands
Immerse yourself in the local culture of San Blas Islands, Caribbean, at Caba̱as Waili, a haven for travelers. Private islands overwater bungalows in a family run environment. The best time to visit is during the high season, November РApril, while the quieter low season is May РOctober. With each season offering something special, this place remains a perfect year-round getaway.
Eclypse de Mar Acqua Lodge – $250+ Per Night
Book here if you care about: Rustic overwater bungalows with walking trails
Set in the stunning landscape of Bocas Del Toro, Eclypse de Mar Acqua Lodge offers an exclusive escape from the ordinary. Rustic overwater bungalows with a restaurant and walking trails. The best time to visit is during the high season, November – April, while the quieter low season is May – October. With each season offering something special, this place remains a perfect year-round getaway.
Anthonys Key Resort – $267+ Per Night
Book here if you care about: Private island overwater bungalows in a scuba diving paradise
Located on the colorful island of Roatan in the Caribbean, Anthonys Key Resort invites guests to enjoy a unique local experience. Private island style overwater bungalows in Roatan Honduras. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Visitors can enjoy distinct seasonal activities, making any visit a rich experience.
Sol Bungalows Bocas del Toro – $298+ Per Night
Book here if you care about: Luxury overwater bungalows with a focus on food and activities
Embrace the serene environment of Bocas Del Toro, by staying at Sol Bungalows Bocas del Toro, where comfort meets culture. 2 Luxury overwater bungalows with sunset views. The best time to visit is during the high season, November – April, while the quieter low season is May – October. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
Punta Caracol Acqua Lodge – $301+ Per Night
Book here if you care about: Large thatch roof overwater bungalows with activities and sunsets
Get ready for something unique in Bocas Del Toro, by staying at Punta Caracol Acqua Lodge, where comfort meets culture. One of the larger overwater bungalow resorts in Bocas Del Toro. The best time to visit is during the high season, November – April, while the quieter low season is May – October. This destination is ideal for those who appreciate both vibrant and tranquil travel experiences.
Azul Over-the-Water Resort – $350+ Per Night
Book here if you care about: Remote overwater bungalows for active people
Set in the stunning landscape of Bocas Del Toro, Azul Over-the-Water Resort offers an exclusive escape from the ordinary. Spread out resort with lots of unique activities. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Visitors can enjoy distinct seasonal activities, making any visit a rich experience.
Mango Creek Lodge – $400+ Per Night
Book here if you care about: Fishing or diving in Roatan Honduras
Mango Creek Lodge provides a perfect gateway to explore the wonders of Roatan, Caribbean. Colorful overwater bungalows with a focus on diving and fishing. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Whether you come in the peak or off-peak season, this location promises memorable adventures.
Lina Point Belize Overwater Resort – $599+ Per Night
Book here if you care about: Fishing, scuba diving, and other tropical watersports
Set on a barrier reef in Belize in the Caribbean, at the delightful Lina Point Belize Overwater Resort. Unique location for fishing and watersports. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Whether you come in the peak or off-peak season, this location promises memorable adventures.
Eco-Lodge Bocas Coral Reef – $790+ Per Night
Book here if you care about: Lone overwater villa with space for the whole family
Uncover the hidden gems of Bocas Del Toro, at Eco-Lodge Bocas Coral Reef, where each stay turns into a memorable experience. Lone 4 bedroom, 4 bathroom overwater villa with pool. The best time to visit is during the high season, November – April, while the quieter low season is May – October. With each season offering something special, this place remains a perfect year-round getaway.
Nayara Bocas del Toro – $1,200+ Per Night
Book here if you care about: 16 Luxury overwater bungalows with outstanding service
Set in the stunning landscape of Bocas Del Toro, Nayara Bocas del Toro offers an exclusive escape from the ordinary. The only 5 star overwater bungalow resort in Bocas Del Toro. The best time to visit is during the high season, November – April, while the quieter low season is May – October. This destination is ideal for those who appreciate both vibrant and tranquil travel experiences.
Sandals Royal Caribbean – $3,500+ Per Night
Book here if you care about: Ultra luxury all inclusive resort with private island and restaurants
Sandals Royal Caribbean in Jamaica, Caribbean, is a perfect blend of comfort and authentic local experiences. The only overwater bungalows in Montego Bay. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Each visit offers a chance to experience new aspects of Jamaica, making it ideal for repeat visits.
Sandals South Coast – $3,500+ Per Night
Book here if you care about: Super exclusive resort with a price to match
Prepare for a convenient experience in Jamaica at Sandals South Coast, located in the heart of the Caribbean. The only overwater bungalows in south Jamaica. The best time to visit is during the high season, December – April, while the quieter low season is May – November. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
Sandals Grande St. Lucian – $4,000+ Per Night
Book here if you care about: Super exclusive resort with many activities and food options
Sandals Grande St. Lucian provides a perfect gateway to explore the wonders of St Lucia, Caribbean. The only overwater bungalows in St Lucia. The best time to visit is during the high season, December – April, while the quieter low season is May – November. Whether you come in the peak or off-peak season, this location promises memorable adventures.
Akwa Reef Lodge – Price Not Available
Book here if you care about: Rustic private island resort in far eastern San Blas
Explore the natural beauty of San Blas Islands at Akwa Reef Lodge, located in the heart of the Caribbean. Private island resort with very rustic overwater bungalows. The best time to visit is during the high season, November – April, while the quieter low season is May – October. With each season offering something special, this place remains a perfect year-round getaway.
Aruba Ocean Villas – Price Not Available
Book here if you care about: Only 4 ultra luxury villas with sunset views
Located on the outstanding Caribbean island of Aruba, Aruba Ocean Villas offers an exclusive escape from the ordinary. The only overwater bungalows in Aruba. The best time to visit is during the high season, December – April, while the quieter low season is May – November. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
Bocas Villas – Price Not Available
Book here if you care about: Four boutique overwater bungalows with sunset views
Located in the vibrant Bocas Del Toro in the Caribbean, Bocas Villas invites guests to enjoy a unique local experience. Four overwater bungalows with kayaking and water activities. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Visitors can enjoy distinct seasonal activities, making any visit a rich experience.
Kempinski Cayo Guillermo Resort – Price Not Available
Book here if you care about: Kempinski luxury with stunning sunset facing overwater bungalows
Get ready for the interesting shores of Cuba, Caribbean, at the delightful Kempinski Cayo Guillermo Resort. The best overwater bungalows in Cuba with outstanding positioning. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Explore the essence of the Caribbean through its seasonal contrasts and superb hospitality at Kempinski Cayo Guillermo Resort.
Loma Partida Aqua Lodge – Price Not Available
Book here if you care about: 3 very rustic overwater bungalows in a low key area
Located in the vibrant Bocas Del Toro in the Caribbean, Loma Partida Aqua Lodge invites guests to enjoy a unique local experience. Bare bones basic overwater bungalows in Bocas Del Toro. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Whether you come in the peak or off-peak season, this location promises memorable adventures.
Melia Cayo Coco – Price Not Available
Book here if you care about: Luxury resort with overwater bungalows as an afterthought
Located on the vibrant island of Cuba in the Caribbean, Melia Cayo Coco invites guests to enjoy a unique local experience. Luxury resort for Cuban standards with overwater bungalows over murky waters. The best time to visit is during the high season, November – April, while the quieter low season is May – October. The seasonal dynamics here offer varied experiences, suitable for different travel preferences.
Paraiso Escondido – Price Not Available
Book here if you care about: Locally run overwater bungalows in Bocas del Toro
Experience the charm of Bocas Del Toro, at the delightful Paraiso Escondido. Two overwater bungalows run like a bed and breakfast. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Each visit offers a chance to experience new aspects of Bocas Del Toro, making it ideal for repeat visits.
Yandup Island Lodge – Price Not Available
Book here if you care about: Very rustic private island all inclusive hotel
Experience the charm of San Blas Islands, Caribbean, at the delightful Yandup Island Lodge. Private island with palm trees, beautiful surroundings, and local food. The best time to visit is during the high season, November – April, while the quieter low season is May – October. Each visit offers a chance to experience new aspects of San Blas Islands, making it ideal for repeat visits.
Cheapest Overwater Bungalows in the Caribbean: Conclusion
The interesting thing about the Caribbean, is that it’s exactly where you would expect there to be a TON of overwater bungalows. Crystal clear blue and green water, palm trees, and sailboats are all the perfect tropical backdrop. But sadly, there isn’t as much as you would expect. However, that doesn’t mean that there aren’t still some outstanding deals as indicated by this list. I think in the next few years, we are going to see a lot more overwater bungalow resorts pop up in the Caribbean. You can be sure that we will be on top of that news! In the meantime, be sure to check out the overwater bungalow regions of the world.