Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Porlamar (87% of total searches to Margarita Island). The next most popular destinations are Pampatar (8%) and Playa El Agua (4%). Searches for hotels in Pedro Gonzalez (2%) are also popular.
KAYAK users have found double rooms in Margarita Island for as cheap as $39 (Porlamar) in the last 3 days. The average price is $118.