Maracaibo in Venezuela, does not have a lot of different accommodation options. Those are mostly hotels and, in Maracaibo, hostels or backpacker spots are not really common.
One of the best budget option in Maracaibo though is the Hotel Astor. The main asset of the hotel is without hesitation his great location (near Plaza Rep├║blica), with all the town's trendy restaurants a few blocks away. Rooms start at $12 a night.