Tenerife on a Budget: 9 Easy Ways to Save Money Without Missing Out

Tenerife might be known for its resort towns and all-inclusive hotels, but don’t be fooled—this Canary Island gem can totally be done on a budget. During our trip, we found so many ways to cut costs without sacrificing the adventure. Whether you’re backpacking or just trying to spend wisely, here are our top tips for experiencing Tenerife on a budget.

1. Skip the Resorts—Go for Local Guesthouses or Airbnb

Resorts in places like Costa Adeje and Playa de las Américas can cost a fortune. Instead, we stayed in locally-owned guesthouses and Airbnbs in smaller towns like La Orotava and El Médano. Not only did we save money, but we got a much more authentic experience.

Reading about a place is one thing, but experiencing it in person is even better. Travel often means carrying extra gear, and a durable travel backpack like this one helps keep everything organized throughout the day.

2. Use Public Transport (Yes, It’s Actually Good!)

The TITSA bus network covers most of the island and is surprisingly reliable. A prepaid Ten+ card will get you discounted fares and can be used by multiple people. Buses go to key places like Santa Cruz, Teide, and even popular beaches

3. Enjoy the Free Attractions

Tenerife has some incredible sights that cost absolutely nothing. Think natural swimming pools (charcos), beautiful hiking trails like those in Anaga, and colorful old towns like Garachico or San Cristóbal de La Laguna. Don’t underestimate how much you can see without opening your wallet.

Exploring new places often means taking lots of photos and videos, which is why many travelers bring a smart face-tracking phone tripod like this one to record hands-free while walking around.

4. Eat Where the Locals Eat—Try a Guachinche

Guachinches are small, family-run restaurants that serve hearty local food and homemade wine at super affordable prices. We had full meals for under €10 each! You’ll usually find them in northern Tenerife—ask a local or check online maps.

5. Visit Teide on Your Own (and Skip the Cable Car)

While Teide’s cable car is cool, it’s also pricey. If you’re up for a challenge, there are trails that let you hike Teide on foot—completely free. Even driving through the park and exploring its unique rock formations and viewpoints offers a jaw-dropping experience at no cost.

6. Travel in Shoulder Season

Tenerife is popular year-round, but prices drop in the shoulder seasons (April–June and September–early December). You’ll find cheaper accommodations, smaller crowds, and still-great weather.

7. Shop at Local Markets

Instead of pricey restaurants or touristy shops, stock up on fresh fruits, cheese, and snacks at local farmers’ markets or supermercados like Mercadona. We made our own meals a few nights and it saved us tons.

8. Skip the Souvenirs—Take Photos Instead

We saw lots of overpriced souvenirs, but the best keepsakes were our photos and memories. Snap pics at places like Los Gigantes cliffs, Teide viewpoints, and vibrant local streets. Trust us—you’ll treasure them more than another fridge magnet.

Planning on visiting this place soon? Long sightseeing days can quickly drain your phone battery, so carrying a portable power bank like this one helps ensure your phone stays charged for maps, photos, and travel apps.

9. Limit Paid Tours—Plan Your Own Day Trips

Many of the island’s best spots can be visited independently. Rent a car for a day (or take a bus) and create your own itinerary. With Google Maps and a bit of planning, we managed to do Teide, Masca, and Anaga without expensive tour packages.

Tenerife on a Budget Is Totally Doable—and Totally Worth It

You don’t need a luxury budget to enjoy the volcanic beauty, charming towns, and stunning nature that Tenerife offers. With a little planning and a few local tips, you can experience the island just as richly—without spending a fortune.