The 15 Cheapest Travel Destinations in the World for 2023

Are you dreaming of exploring the cheapest travel destinations in the world without breaking the bank? Look no further! In 2023, numerous affordable travel destinations are waiting to be discovered. Whether you’re a budget-conscious adventurer or simply want to stretch your travel dollars,

From vibrant cities to serene beach getaways, these destinations offer a rich cultural tapestry, breathtaking landscapes, and exciting adventures, all at a fraction of the cost compared to other popular tourist spots. Imagine strolling through bustling markets, sampling exotic cuisine, and engaging fully in the local culture while keeping your expenses in check.

But how can you make the most of your travel budget? Don’t worry; we’ve got you covered. Alongside each destination, we’ll provide essential information about the cost of living, currency exchange rates, and must-see attractions.

Furthermore, we’ll share valuable tips on traveling on a budget, including finding affordable accommodation, savoring local delicacies, and utilizing public transportation.

This list of the 15 cheapest travel destinations in the world for 2023 will guide you toward incredible experiences without draining your wallet.

So, whether you’re an intrepid solo traveler, a duo looking for a romantic escape, or a family planning a memorable vacation, these budget-friendly destinations will offer unforgettable experiences without compromising your financial well-being.

Top Travel Destinations in The World for 2023.

Get ready to ignite your wanderlust and start planning your next adventure. The world is waiting, and it is more affordable than you might think!

Laos – First One in The List of Cheapest Travel Destinations in The World

Cost of Living: Laos is one of the most affordable destinations in Southeast Asia, with low prices for accommodation, food, and transportation. A cost-conscious traveler can plan to spend roughly $20-30 per day. 

Currency Exchange Rates: The official currency of Laos is the Lao Kip (LAK). As of 2023, the exchange rate is approximately 1 USD = 17,615 LAK.

Things to See and Do: Laos offers a serene escape with its lush landscapes, ancient temples, and rich cultural heritage. Visit the UNESCO World Heritage site of Luang Prabang, explore the mysterious Plain of Jars, or take a boat trip along the scenic Mekong River.

Tips for Traveling on a Budget:

1. Look for guesthouses or budget-friendly accommodations in local areas where prices are lower.
2. Embrace the local cuisine by sampling street food and dining at local eateries.
3. Utilize public transportation options like tuk-tuks or local buses for affordable travel within cities.

Vietnam

Cost of Living: Vietnam is renowned for its affordability, with various budget options available. A thrifty traveler can budget a daily expenditure of $20-30.

Currency Exchange Rates: The official currency of Vietnam is the Vietnamese dong (VND). As of 2023, the exchange rate is approximately 1 USD = 23,442 VND.

Things to See and Do: Vietnam offers a captivating blend of natural beauty, bustling cities, and fascinating history. Explore the bustling streets of Hanoi, cruise through the stunning limestone formations of Halong Bay, or delve into the ancient charm of Hoi An.

Vietnam is on 2^nd position in our list of the cheapest travel destinations in the world.

Tips for Traveling on a Budget:

1. Stay in guesthouses or hostels to save on accommodation costs.
2. Eat at local street food stalls and markets to savor authentic Vietnamese cuisine at affordable prices.
3. Travel by sleeper bus or train for long-distance journeys to save on transportation expenses.

Thailand

Cost of Living: Thailand is a budget traveler’s paradise, offering a range of affordable options. Budget travelers typically expect a daily expenditure of $30-40.

Currency Exchange Rates: The official currency of Thailand is the Thai baht (THB). As of 2023, the exchange rate is approximately 1 USD = 34.64 THB.

Things to See and Do: Thailand presents a diverse tapestry of experiences, from the bustling streets of Bangkok to the stunning beaches of Phuket. Explore the historical sites of Ayutthaya, venture into the cultural hub of Chiang Mai, or indulge in the vibrant nightlife of Pattaya.

Tips for Traveling on a Budget: 

1. Opt for budget accommodations like guesthouses or hostels.
2. Relish the flavors of Thai street food for affordable and delicious meals.
3. To get around, use local transportation options such as tuk-tuks, songthaews, or public buses.

India

Cost of Living: India offers incredible value for budget travelers, with affordable accommodation, food, and transportation options. Traveling on a budget? Plan to spend approximately $20-30 per day.

Currency Exchange Rates: The official currency of India is the Indian Rupee (INR). As of 2023, the exchange rate is approximately 1 USD = 82.86 INR.

Things to See and Do: India has diverse landscapes, rich history, and vibrant culture. Explore the bustling streets of Delhi, witness the grandeur of the Taj Mahal in Agra, or immerse yourself in the spirituality of Varanasi.

There is no debate that India is one of the cheapest travel destinations in the world. India is very diverse in terms of culture and food.

Tips for Traveling on a Budget:

1. Stay in budget-friendly accommodations such as guesthouses or homestays.
2. Indulge in local street food and affordable eateries for a culinary adventure.
3. Utilize local transportation options like trains or buses for cost-effective travel.

Nepal

Cost of Living: Nepal is a budget-friendly destination with affordable prices for accommodations, food, and activities. If you’re a budget-conscious traveler, budget around $15-25 daily for your expenses.

Currency Exchange Rates: The official currency of Nepal is the Nepalese Rupee (NPR). As of 2023, the exchange rate is approximately 1 USD = 132.53 NPR.

Things to See and Do: Nepal is a paradise for nature enthusiasts and adventure seekers. Embark on a trek to the Everest Base Camp, explore the ancient city of Kathmandu, or experience a spiritual awakening in the peaceful town of Pokhara.

Tips for Traveling on a Budget:

1. Choose budget accommodations such as guesthouses or teahouses during treks.
2. Embrace the local cuisine and eat at small local restaurants for affordable meals.
3. Utilize public transportation options like buses or shared jeeps for economical travel.

Sri Lanka – One of the Cheapest Travel Destinations in The World

Cost of Living: Sri Lanka offers a good balance between affordability and quality. For those on a tight budget, anticipate spending about $30-40 daily during your travels.

Currency Exchange Rates: The official currency of Sri Lanka is the Sri Lankan Rupee (LKR). As of 2023, the exchange rate is approximately 1 USD = 306.13 LKR.

Things to See and Do: Sri Lanka boasts stunning beaches, lush tea plantations, and ancient ruins. Explore the historic city of Kandy, unwind on the beautiful beaches of Mirissa, or take a train ride through the scenic tea country of Ella.

Tips for Traveling on a Budget:

1. Look for guesthouses or budget accommodations in local areas to save on accommodation costs.
2. Try local street food and small eateries for affordable meals.
3. Utilize public buses or trains for economical transportation.

Bulgaria

Cost of Living: Bulgaria offers excellent value for money, with affordable prices for accommodations, dining, and activities. Keeping your expenses in check? Aim for a daily budget of $30-40 as a thrifty traveler.

Currency Exchange Rates: The official currency of Bulgaria is the Bulgarian Lev (BGN). As of 2023, the exchange rate is approximately 1 USD = 1.81 BGN.

Things to See and Do: Bulgaria combines stunning landscapes, rich history, and charming cities. Explore the vibrant capital city of Sofia, visit the ancient Roman ruins of Plovdiv, or unwind on the immaculate beaches of the Black Sea coastline.

Tips for Traveling on a Budget: 

1. Choose budget-friendly accommodations such as guesthouses or hostels.
2. Enjoy traditional Bulgarian cuisine at local restaurants and taverns.
3. Utilize public transportation like buses or trains to explore different parts of the country.
4. Bulgaria is one of the cheapest travel destinations in the world with beautiful and charming cities, landscapes and vibrant culture.

Hungary

Cost of Living: Hungary offers affordable prices for travelers, especially in its capital city, Budapest. Looking to stretch your travel funds? Plan to allocate around $30-40 daily as a budget traveler.

Currency Exchange Rates: The official currency of Hungary is the Hungarian Forint (HUF). As of 2023, the exchange rate is approximately 1 USD = 345.99 HUF.

Things to See and Do: with its stunning architecture and thermal baths, Budapest is a must-visit destination in Hungary. Explore the historical sites of Buda Castle, soak in the Széchenyi Baths, or stroll along the Danube River.

Tips for Traveling on a Budget:

1. Look for affordable accommodations in Budapest, especially in the city center.
2. Try local street food and affordable eateries for budget-friendly meals.
3. Take advantage of Budapest’s efficient public transportation system, including trams and metros.

Poland

Cost of Living: Poland offers excellent value for budget travelers, with affordable prices for accommodations, food, and attractions. If you’re mindful of your spending, anticipate an average daily cost of $30-40 as a budget-conscious traveler.

Currency Exchange Rates: The official currency of Poland is the Polish Złoty (PLN). As of 2023, the exchange rate is approximately 1 USD = 4.16 PLN.

Things to See and Do: Poland is rich in history and cultural heritage. Visit the beautiful city of Kraków, explore the historical sites of Warsaw, or marvel at the stunning architecture of Gdańsk.

Tips for Traveling on a Budget: 

1. Choose budget accommodations like hostels or guesthouses.
2. Enjoy affordable Polish cuisine at local eateries and milk bars.
3. Utilize the extensive public transportation network for cost-effective travel, including trams and buses.

Poland is a historical country with beautiful culture and YES, it is one of the cheapest travel destinations in the world.

Romania

Cost of Living: Romania offers affordability combined with a diverse range of experiences. Traveling affordably? As a budget traveler, expect your daily expenditure to fall within $30-40.

Currency Exchange Rates: The official currency of Romania is the Romanian Leu (RON). As of 2023, the exchange rate is approximately 1 USD = 4.60 RON.

Things to See and Do: Romania offers breathtaking landscapes, medieval towns, and impressive castles. Explore the charming streets of Bucharest, visit the famous Bran Castle, or hike in the picturesque Carpathian Mountains.

Tips for Traveling on a Budget:

1. Look for budget-friendly accommodations like guesthouses or apartments.
2. Try traditional Romanian cuisine at local restaurants and food markets.
3. Utilize public transportation options such as buses or trains to explore different regions of the country.

Pakistan – One of The Best Cheapest Travel Destinations in The World

Cost of Living: Pakistan is known for its affordability, offering budget-friendly options for accommodations, food, and transportation. As a budget traveler, set aside approximately $20-30 days for your expenses.

Currency Exchange Rates: The official currency of Pakistan is the Pakistani Rupee (PKR). As of 2023, the exchange rate is approximately 1 USD = 286 PKR.

Things to See and Do: Pakistan has stunning landscapes and a rich cultural heritage. Explore the bustling streets of Lahore, marvel at the majestic mountains of the Karakoram Range in Gilgit-Baltistan, or visit the historical sites of Taxila.

Tips for Traveling on a Budget:

1. Opt for guesthouses or budget accommodations in local areas.
2. Sample delicious street food for affordable meals.
3. Utilize local transportation options like buses or shared taxis to navigate the country economically.
4. Creem, Uber, and other local transportation services are available all over the country.
5. Amazing welcoming people will always offer you a free tea.

Georgia

Cost of Living: Georgia offers excellent value for money, with affordable prices for accommodations, food, and activities. Prepare to spend roughly $30-40 daily to keep costs low.

Currency Exchange Rates: The official currency of Georgia is the Georgian Lari (GEL). As of 2023, the exchange rate is approximately 1 USD = 2.54 GEL.

Things to See and Do: Georgia captivates visitors with its stunning landscapes, ancient monasteries, and vibrant cities. Explore the historic streets of Tbilisi, hike in the picturesque Svaneti region, or relax in the wine region of Kakheti.

Tips for Traveling on a Budget:

1. Look for affordable guesthouses or hostels for accommodations.
2. Indulge in traditional Georgian cuisine at local restaurants.
3. Utilize the extensive marshrutka (minibus) network for cost-effective transportation.

Azerbaijan – One of The Cheapest travel Destinations in The World

Cost of Living: Azerbaijan offers a good balance between affordability and quality. For optimal savings, allocate around $40-50 days as a budget traveler.

Currency Exchange Rates: The official currency of Azerbaijan is the Azerbaijani Manat (AZN). As of 2023, the exchange rate is approximately 1 USD = 1.7 AZN.

Things to See and Do: Azerbaijan showcases a blend of historical sites, modern architecture, and natural wonders. Explore the charming Old City of Baku, visit the ancient petroglyphs of Gobustan, or admire the beauty of the mud volcanoes in the Gobustan National Park.

Tips for Traveling on a Budget:

1. Choose affordable accommodations in Baku or consider staying in guesthouses in rural areas.
2. Sample local street food for affordable dining options.
3. Utilize the Baku Metro and local buses for economical transportation within the city.

Kazakhstan

Cost of Living: Kazakhstan offers reasonable prices for accommodations, food, and transportation. Budget around $40-50 daily to maximize your journey.

Currency Exchange Rates: The official currency of Kazakhstan is the Kazakhstani Tenge (KZT). As of 2023, the exchange rate is approximately 1 USD = 444 KZT.

Things to See and Do: Kazakhstan is a vast country with diverse landscapes and cultural experiences. Explore the modern city of Nur-Sultan (Astana), venture into the historic Silk Road city of Almaty, or marvel at the stunning landscapes of Charyn Canyon.

You can do such amazing things at a much more affordable price in Kazakhstan, that’s why we have included this Country in our list of the cheapest travel destinations in the world.

Tips for Traveling on a Budget:

1. Look for budget accommodations such as guesthouses or budget hotels.
2. Taste traditional Kazakh cuisine at local eateries or markets.
3. Utilize public transportation options like buses or shared taxis for affordable travel.

Peru

Cost of Living: Peru offers a range of affordable options for accommodations, food, and activities. Aim to spend approximately $30-40 daily as a budget-conscious traveler.

Currency Exchange Rates: The official currency of Peru is the Peruvian Sol (PEN). As of 2023, the exchange rate is approximately 1 USD = 3.69 PEN.

Things to See and Do: Peru is a treasure trove of ancient civilizations, breathtaking landscapes, and culinary delights. Explore the historic ruins of Machu Picchu, wander through the streets of Cusco, or take a boat trip on Lake Titicaca.

Tips for Traveling on a Budget:

1. Choose budget-friendly accommodations such as hostels or guesthouses.
2. Sample delicious and affordable Peruvian cuisine at local markets or small restaurants.
3. Utilize buses or shared taxis for cost-effective transportation between cities.

Conclusion

Now that you know the 15 cheapest travel destinations in the world for 2023, it’s time to plan your budget-friendly adventure. From the tranquil landscapes of Laos to the cultural wonders of India and the vibrant streets of Thailand, these destinations offer incredible experiences without breaking the bank.

Remember to follow the provided tips for traveling on a budget, such as finding affordable accommodations, savoring local cuisine, and using public transportation. So pack your bags, embrace your wanderlust, and embark on a remarkable journey that will stay within your budget. The world is waiting to be explored!