Bogota

Bogota is an absolute paradise for budget-conscious backpackers who aren't afraid of a bit of altitude and edge. The vibe right now in February is electric, as the city experiences some of its driest and sunniest weather, making it perfect for exploring. For those on a shoestring, the historic center of La Candelaria is the place to be. You'll find legendary hostels where a bed costs less than $12, often including a hearty Colombian breakfast. Street food is your best friend here; grab an arepa de huevo or an empanada for about $1, or head to the Plaza de Mercado de Paloquemao for a 'corrientazo' (a massive set lunch) for under $4. Free activities abound, from climbing Monserrate by foot for breathtaking city views to the world-class Gold Museum (free on Sundays) and the Botero Museum (always free). The street art tours in Bogota are some of the best in South America and operate on a tip basis. Staying in La Candelaria or Chapinero Alto allows you to walk to many sites or use the affordable Transmilenio bus system. A daily budget of $28 will comfortably cover a hostel bed, three local meals, a couple of Club Colombia beers, and museum entries. To save more, stick to the local 'menús del día' and avoid the tourist-trap cafes immediately surrounding Plaza de Bolivar.