Although Mykonos may not seem like an affordable destination, there are many budget-friendly places to stay on the island. By opting for smaller, family-run establishments instead of lavish accommodations, you can still enjoy the island’s stunning turquoise waters and buzzing nightlife without breaking the bank. These affordable options are limited on the island and often require booking six months in advance, but they are definitely worth considering.
Although this hotel is rated three stars and may not be the most affordable option, it offers both “economy” and “budget” rooms. Regardless of size and price, all rooms are beautifully decorated, and the communal areas feature an appealing Cycladic design. Additionally, the hotel is situated in the heart of Mykonos Town, surrounded by various dining options.
Check Out Prices & Availability for Carbonaki Hotel
La Maison Kalogera
This hotel has only four rooms, one being a triple room and another a family suite with a double bed and two sofa beds. This makes it ideal for budget-conscious groups. The hotel is located in the Chora area, where you can easily walk to bakeries, cafes, and restaurants. Although the rooms are basic, they each have their own unique pieces of art.
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Markos Beach Hotel
This hotel is located very close to a beach spot in Mykonos Town. The mostly-pedestrian center with restaurants and shops is only a 10-minute walk away. The hotel has “basic,” “budget,” and “economy” rooms, some with a kitchenette and a few with a shared bathroom. Although the rooms are simple, some have a nice nautical decor. This is a great option for a beach hotel without paying high prices. It has a one-star rating.
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This hotel, which has a 2-star rating, is conveniently located in the center of Mykonos Town. Despite being close to busy shopping streets and restaurants, it has a peaceful garden and provides excellent service. The staff is welcoming and serves a delicious breakfast.
Check Out Prices & Availability for Matina Hotel
The traditional Cycladic villa is located in the center of Mykonos Town but is still quiet. It is surrounded by a garden and offers rooms with balconies or opening to a courtyard.
Check Out Prices & Availability for Villa Pinelopi
Mycocoon Hostel Mykonos
The hostel has a design that feels more like a boutique hotel than a cheap lodging. The Scandi-chic style features pale wooden bunk beds that fit the building’s curves. The dorms can accommodate up to 46 people, and there are smaller private dorms that can sleep four or six, making them perfect for families or groups of friends. Outside is a minimalist decor with a sun terrace, whitewashed walls, rattan furniture, and a beautiful view of Mykonos town.
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Eleanna’s is a cozy accommodation option situated in the heart of Mykonos town. Its traditional blue-and-white paintwork is adorned with beautiful pink bougainvillea. The guest rooms are large and well-maintained. There are eight different types of accommodations to choose from, including the double deluxe with stunning views of a vibrant church and the two-bedroom suite, which offers a private terrace for sunbathing.
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Super Paradise Suites and Rooms
This hotel is situated on a slope with a great view of Super Paradise Beach. They offer different types of rooms, including doubles, triples, and suites with a pool or sea view. The rooms have a simple and practical design. For breakfast, they have an American buffet with fresh fruit, yogurt, cake, and pastries. The Divine Sea & More restaurant has Mediterranean fusion cuisine, and you can dine on the terrace or by the pool. If you’re looking for some pampering, they have an open-air treatment room on the beach where you can book a massage. The hotel also offers good value for the money.
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Kouros Hotel and Suites
This hotel is perfect for budget-conscious travelers who still want to enjoy luxurious amenities such as excellent dining, a great spa, and smart rooms. You can relax and enjoy the gorgeous view from your balcony or by the infinity pool while sipping cocktails. If you have a higher budget, you can stay in a deluxe suite with a private pool or jacuzzi. Additionally, the hotel offers traditional Greek cuisine with a modern twist prepared by the skilled head chef Dimitris Aidinis.
Check Out Prices & Availability for Kouros Hotel and Suites
If you’re looking for affordable luxury without sacrificing quality, check out this stylish hotel located on Agios Ioannis Beach, just under 4 kilometers (2.5 miles) away from Mykonos town. Enjoy stunning sunsets from the terrace or private beach, dip in the gorgeous pool, and unwind in one of the spacious rooms or suites at the end of a busy day. Don’t forget to try fresh fish at the Hippie Fish Restaurant or enjoy a more relaxed meal at the Sushi Bar. The hotel also boasts a beachwear boutique and offers massage treatments and airport transfers to guests.
Check Out Prices & Availability for Hippie Chic Hotel
Villa Elina Suites and More
The suites at Villa Elina are modern and stylish. They have custom-made furniture and unique details like rattan lampshades and olive-wood headboards. The suites are located within bright white walls, and the downstairs ones have patios with lots of sunlight. Additionally, the three larger upstairs suites have balconies with their own jacuzzis. This beautiful island offers boutique accommodations at an affordable price.
Check Out Prices & Availability for Villa Elina Suites and More
Olia Hotel provides an excellent sea view and has a stunning swimming pool, offering the perfect Aegean experience. It is conveniently located just five minutes away from Mykonos town by bus and is an ideal location to explore the entire island. With traditional Mykonos architecture and simple furnishings, the hotel exudes a relaxed and timeless atmosphere. Additionally, the hotel restaurant serves delectable local dishes made from fresh ingredients sourced from the island.
Check Out Prices & Availability for Olia Hotel
Stay in the classic whitewashed, cave-like rooms of Anamar Mykonos, conveniently situated just a 10-minute walk away from Ftelia Beach. You can start your day with a refreshing morning swim in the Aegean Sea and return for a traditional breakfast at the hotel. For a more secluded experience away from the lively beach clubs in town, this is the perfect spot. The main town of Mykonos is only a 10-minute drive away. All the rooms offer sea views, which are best enjoyed with a drink on the terrace.
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Anagram Boutique Hotel
Anagram Boutique Hotel is a budget-friendly alternative to the luxurious hotels in Mykonos. The hotel has a cozy atmosphere, with classic and simple decorations. The rooms have a modern and minimal design with bohemian touches. The hotel is located in the main town, which makes it easy to walk to the popular clubs, bars, and the iconic windmills of Mykonos. You can also rent a motorcycle from the front desk to explore other places on the island.
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Ftelia Bay Boutique Hotel
Ftelia Bay Boutique Hotel features contemporary and simple interiors while still respecting the classic Cycladic style. It is conveniently located a brief stroll away from Ftelia Bay Beach and the famous Alemagou Beach Bar. Take your time in the morning and relax by the small pool, then head to the hotel’s restaurant for a locally-sourced lunch. Those seeking relaxation can visit the boutique spa located on-site.
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Consider booking a room at Zephyros Mykonos if you want affordable accommodation near the legendary Paraga Beach, which is home to the popular Kalua beach bar. The hotel is lively and colorful, with matching furnishings, and the pool area is adorned with palm trees and cabanas. Additionally, you can enjoy a hearty buffet breakfast on the terrace and interact with the friendly staff. The hotel is close to the main town and Mykonos windmills, but the primary draw is Paraga Beach.
Check Out Prices & Availability for Zephyros Hotel
You can enjoy the famous views of Mykonos from the pool terrace of this hotel, which is run by a family. The rooms are comfortably furnished and offer peaceful sea views. You can experience the beautiful sunset from your private terrace. The hotel serves breakfast on the downstairs terrace, consisting of freshly squeezed juice, flaky pastries, and Greek yogurt with fruit. The town center of Mykonos is only a 500m (0.3 mi) walk downhill, offering lively bars and a variety of Mediterranean restaurants for dinner.
Check Out Prices & Availability for Hotel Alkyon
Traveling to 🇬🇷 Greece soon?
I recommend these travel resources for Greece that I personally use:
🏨 Hotels: I have found that Expedia and Booking.com consistently have the best deals on hotels and resorts in Greece. If you prefer to stay at a vacation rental, check VRBO that is usually cheaper than AirBnB’s added fees!
✈️ Flights: To find the best flight deals to Greece, I always use Kayak. Remember to subscribe to their price alerts for the travel dates you want. Another great alternative for flight deals is Expedia.
🚗 Rental Cars: I always use and highly recommend Discover Cars because it allows me to compare several car rental companies and view ratings on various factors such as overall value, pick-up procedure, agent efficiency, car condition, and total time taken.
🚙 Airport Transportation: For the fastest and easiest way to travel, I suggest arranging a private transfer from the airport and beetween destinations with Welcome Pickups. Honestly, no better way to travel from the airport to your hotel or resort.
🤿 Tours & Activities: For tours and activities in Greece, I highly recommend using either Viator or GetYourGuide. These websites offer a full refund if you cancel your booking 24 hours before the start of the tour, and they also provide excellent customer service in case of any issues.
🚨 Travel Insurance: I always suggest purchasing travel insurance as a precaution before traveling, especially after a recent accident in a taxi in Greece. For short trips, I recommend Travel Insurance Master, whereas for digital nomads, Safety Wing is a better option.
📷 Best Camera for your trip: I always carry with me a GoPro, It’s light, compact, takes great video and pictures, and most importantly, it’s waterproof! You just can’t go wrong with one. If you are interested in higher quality video and photography, I always carry with me on my trips and highly recommend the Sony A7IV which I think is the best travel DSLR Camera out there.
☀️ Biodegradable Sunscreen: Remember to include a good sunscreen to protect yourself from the summer sun. I always use and suggest Sun Bum Sunscreen, which is vegan, reef-friendly, and cruelty-free.
Mykonos offers a wide range of pricing options for vacationers, allowing for either a luxurious or affordable experience. While it is known for being one of Greece’s most lavish islands, alternatives such as Paros or Milos are available for those seeking more budget-friendly destinations.
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