If cheap accommodation exists in Placencia, hostels are not the kind of places you will find. Rather, you will be able to stay in Cabins (fitting several people) for $30 a night (Garden CabaƱas) or Inns (Lucille's Traveller's Inn). These are the best budget options in town.
If you have a larger budget, a bunch of hotels and luxury resorts with private beaches provide very good quality accommodation in Placencia.
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