We introduce Learning controllable Adaptive simulation for Multi-resolution Physics (LAMP), the first fully DL-based surrogate model that jointly learns the evolution model, and optimizes spatial resolutions to reduce computational cost, learned via reinforcement learning. We demonstrate that LAMP is able to adaptively trade-off computation to improve long-term prediction error, by performing spatial refinement and coarsening of the mesh. LAMP outperforms state-of-the-art (SOTA) deep learning surrogate models, with an average of 33.7% error reduction for 1D nonlinear PDEs, and outperforms SOTA MeshGraphNets + Adaptive Mesh Refinement in 2D mesh-based simulations.