My Favorite Cheap Hotels in Santorini

Greece › Santorini › Cheap Hotels
Updated: March 25, 2025
By Santorini Dave

View of the caldera from the shared terrace of Aspa Villas, our favorite budget hotel in Oia. The main hotel sits about a one-minute walk inland, away from the caldera’s edge.

Cheap Santorini Hotels – My Recommendations

• Booking.com – the best site (and best prices) for booking Santorini hotels.
• Santorini is an expensive island and cheap hotels are hard to find – but not impossible. The best way to save money in Santorini is to book a hotel without a caldera view. Typically, adding a caldera view will increase the price by 50% to 100%. Book 3 to 6 months in advance to get the best deals.
• I’ve never stayed in a bad hotel on Santorini. I can’t vouch for every hotel, but old dirty hotels with a shower that doesn’t work are almost unheard of on Santorini.
• The hotels listed below are not the absolute cheapest but the best mix of affordability, quality, and location.
• To save money on food, buy your breakfast (yogurt, bread, and cheese) from a market, eat a gyro for lunch (Lucky’s in Fira and Pitogyros in Oia are the best), and go for dinner at a restaurant without a caldera view.
• The best free thing to do in Santorini is the Fira-Oia hike. Or visit one of Santorini’s beaches.
• Best Budget Hotels in Santorini:
  • Costa Marina Villa (Fira)
  • Abelonas Retreat (Imerovigli)
  • Aspa Villas (Oia)
  • Reverie Santorini (Firostefani)

Cheap Hotels in Fira

Costa Marina Villa

Fantastic, family-run, family-friendly hotel with beautiful gardens. Of the 21 double, triple, and quad rooms (some lofts), all but two have private patios or balconies. Great location just a five-minute walk from the main square.

San Giorgio Hotel

A great cheap hotel with a pool. Clean, simple rooms, free coffee, cake, and juice in the morning. Super friendly staff. Email the hotel two days before your arrival (info@sangiorgiovilla.gr), and they’ll pick you up for free from the airport or ferry port (minimum two-night stay for this service). Just a one-minute walk from the main drag and club scene and only three minutes from the caldera or bus station.

Uma Ray Suites

Adults-only boutique hotel, one of only a handful in Santorini that is open year-round. The hotel boasts two seasonal pools: an outdoor pool for summer and an indoor pool for the winter. A bar serves beverages throughout the day; a buffet breakfast is included with all bookings. All rooms have private balconies, most with east-facing views of the sea (not the caldera). Great location near the main square, landmark Orthodox cathedral, and the bus station.

Pelican Hotel

Steps from the main strip of Fira (can be noisy from the clubs). Free breakfast.

Santorini Main Square

Super central, right in the middle of town set back from the caldera. All rooms have a private balcony, an incredible surround sound system, a multimedia center, flat-screen TVs, and additional projector setups (the screen slides down over the TV). Complimentary buffet breakfast and desserts daily. Tons of dining and shopping just steps from the entrance.

Petini’s Place

It does not get any more central than this. If you put an arrow in the center of Fira this hotel would be it. The main alley for bars and clubs is 10 seconds in one direction. Views of the caldera are 10 seconds in the other direction. Surrounded by shops and restaurants. Rooms are simple but bright and clean.

Kavalari Hotel

Wonderful views. Some rooms are simple and inexpensive; others are larger and more expensive. One of the cheapest hotels with good caldera views.

Anemomilos Suites

Warm, friendly owners. Free transport to and from the airport or ferry port. Affordable two-bedroom apartments sleep six and are great for families. It’s a 10-minute walk into central Fira (ask about the donkey-trail shortcut to avoid walking on the busy road).

Villa Soula

Cheap hotel close to Fira center. One of the few covered pools on Santorini.

Villa Roussa

Inexpensive hotel with a great location near central Fira. Quadruple rooms available. No breakfast.

Thea Luxury Resort

Nice pool, views of the sea (but not the caldera). Free breakfast. A good 15-minute walk from Fira, but this is as cheap as hotels get in Santorini.

Cheap Hotels in Oia

Aspa Villas

10 minutes from the center of Oia. Some rooms have views, some don’t. Beautiful location.

Anemomilos Hotel Apartments

Great mid-range hotel in Oia. Free breakfast, beautiful pool. One-bedroom apartment and private villa available.

Nikos Villas

Traditionally decorated rooms and suites with kitchenettes and patios/balconies, most with caldera views (others have Aegean Sea views or pool views with the caldera in the distance). Facilities include a freeform pool and an open-air lounge. Room service is available in higher end suites. At the east end of Oia, about a five-minute walk to the marble, pedestrian path, shops, and restaurants.

Maria’s Place

Nice pool with views of the sea (not caldera). Small kitchenettes. Steps to bus stop; five minutes to caldera. Adults only.

Cheap Hotels in Imerovigli

Abelonas Retreat

A spacious moderately-priced hotel in Imerovigli. Views are partly blocked by hotels on the opposite side of the foot path but the spot is nevertheless magical. Several good restaurants are a short walk away.

Casa Bianca

Cozy hotel with a swimming pool, garden, and more privacy than the average Imerovigli hotel. All rooms have balconies or patios with al fresco dining tables, where an excellent breakfast is served each morning. Some Superior Double rooms have views of the sea (not the caldera). Junior Suites sleep up to three adults and one child in an open-plan layout. Wonderful walking location just a five-minute walk to the caldera’s edge and the hiking trail to Fira, Oia, and Skaros Rock. Walk five minutes in any direction and you’ll find some of Santorini’s best restaurants, many with caldera views.

Aghios Artemios Tradtional Houses

Friendly hotel on the quiet east edge of Imerovigli. Nice pool, gym, and tennis court, plus a bi-weekly Greek night with music and dancing. Breakfast is included in the rate, and their traditional Greek restaurant is open for lunch and dinner.

Cheap Hotels in Firostefani

Reverie Santorini

Great family-run spot on the main footpath with a caldera view rooftop terrace and sweet central shared pool. Cozy basic rooms to studios with kitchenettes or top-floor caldera view suites.

Villa Ilias

Pool and sun deck have a view of the caldera. Large suites sleep four guests. A free breakfast buffet is set out every morning, or guests may upgrade to a five-course brunch menu. Light fare, cocktails, and local wine on offer all day at the pool bar.

King Thiras Hotel

Owned by a very friendly Greek family. Easy walk to caldera view, restaurants, and a bakery. Clean, simple rooms.

Blue Dolphins

Simple rooms, some with views. Large private villa that’s closer to Imerovigli is also available.

Hotel Mylos

Small, family-owned hotel on the caldera with views over the volcanoes and toward the sunset. All rooms have a caldera view from the windows, but the view is much better from the shared terrace in front. A simple breakfast is included each morning. Excellent location near the village square, landmark St. Gerasimos Church, and the bus stop to Fira and Imerovigli.

Cheap Hotels in Kamari, Perissa, and Perivolos Beaches

Smaragdi Hotel – Perivolos

Intimate, family-owned hotel with a pool and all-day snack bar. Wide range of rooms here, including economy twins, family maisonettes for up to five guests, and suites with indoor or outdoor jacuzzis, all decorated with original, upcycled art made by the owner’s mother.

Meltemi Village – Perissa

Family-friendly hotel with a palm-ringed pool, poolside snack bar, cocktail bar, and a playground spread over four buildings in a garden setting. A fifth building makes up their adults-only, luxury wing with private jacuzzis for each suite. The cocktail bar is among the most popular in the area with casual Greek and international dishes and karaoke a couple nights a week. Just a five-minute walk to Perissa Beach, and merely a few steps to the bus stop with service to Fira.

Santellini Hotel – Kamari

Cheerful, family-friendly hotel with a pool, just a two-minute walk to Kamari Beach. Super clean double, triple, and family maisonettes (lofts) all come with complimentary, homemade breakfast. Owner and staff are incredibly welcoming.

Narkissos Hotel – Kamari

Basic clean rooms. Close to beach, restaurants, bars. Free breakfast.

Hotel Matina – Kamari

Friendly family-owned hotel. Large pool and short walk to beach and restaurants. Free breakfast.

Stelios Place – Perissa

Nice pool, close to the beach. Communal kitchen. Free transport for ferry port and airport.

Cheap Hotels in Traditional Villages

Kalestesia Suites – Akrotiri

Family-friendly, boutique hotel on the caldera with a pool, poolside bar with light fare, and a kids’ playroom. All suites are spacious (from 30 to 48 square meters) and boast caldera views, most with private outdoor jacuzzis or plunge pools. The largest sleeps up to five guests. Located just outside Akrotiri village, about a 10-minute walk into town and 15 to the castle ruins. The bus stop is in town about a 15-minute walk away, with service to Fira (northbound) and the Akrotiri Archaeological Site and Akrotiri Beach (both south).

Finikia Memories Hotel – Finikia

On the caldera side of Finikia village but facing north toward the Aegean, a 15-minute walk to Oia. Nice pool, great restaurant and bar. Simple breakfast included.

Hotel Eucalyptus – Mesaria

Rooms have king or twin beds, walk-in showers, and sleep up to three guests; some have balconies. Houses have kitchenettes, living rooms with sofabeds, and room for four or five guests to sleep comfortably. Breakfast is available each morning in the breakfast room or out on the marble terrace. Though its set away from the main bus hub of Fira, this hotel is just a few steps away from a major bus stop with routes going into Fira, Kamari Beach, Perissa Beach, Perivolos Beach, Megalochori, Pyrgos, and the airport. But to get to Oia, Firostefani, Imerovigli, Akrotiri, or the ferry port, you’ll need to go to Fira and catch a second bus, take a taxi, or drive yourself (there is a free public parking lot near the hotel).

Midrange Santorini Hotels

The following moderately-priced hotels are definitely outside of the “budget” category, but for the views and facilities, they offer excellent value for money.

Keti Hotel – Fira

Traditional, Cycladic accommodations with incredible caldera views from all rooms and suites and a complimentary breakfast. Top-tier rooms have private, outdoor jacuzzis. Centrally located in Fira, steps from dining, nightlife, and the bus station.

Eternity Suites – Fira

Eight-suite hotel with Aegean Sea-facing views (not toward the caldera). Seven suites have outdoor jacuzzis on their private terraces or balconies; one has an indoor, cave-style jacuzzi and no balcony. All have Cocomat beds (king or queen-sized). Great location within a five-minute walk of dining and nightlife, less than a ten-minute walk to the caldera, ten minutes on foot to the bus station, and under 15 minutes to walk to the Cathedral and the Museum of Prehistoric Thera.

Kamares Apartments – Fira

Friendly, traditional cave-style apartments on the caldera, some with private outdoor jacuzzis. Breakfast is delivered to each room daily. Located at the south end of Fira, easy walking distance to restaurants, nightlife, and sights, but removed from the noise and crowds.

Callia Retreat Suites – Fira

Adults-only. Luxury hotel at a modest rate. Nice pool and great location. Views of the sea (but not the caldera). Recently refurbished and looking very polished.

Mr & Mrs White – Finikia

Contemporary, Cycladic hotel on the caldera edge of Finikia, about a 10-minute walk into Oia. Rooms and suites include private terraces and can have caldera, Aegean, or garden views; some add outdoor jacuzzis. Facilities include two pools (one with an attached jacuzzi), a breezy, open-air restaurant, and in-room breakfast with champagne.

Heliotopos Hotel – Imerovigli

Cave-style, boutique hotel with a small pool overlooking the caldera and views from all rooms. All rooms have balconies and most have kitchenettes. Great little wine bar on site that’s popular for catching the sunset.

Akra Suites – Imerovigli

Romantic, adults-only, all-suite, boutique hotel with a half-moon pool, a holistic spa, Mediterranean restaurant, and a wine cellar with local, Greek, and international labels. All suites boast caldera sunset views, and all but the Junior Suites include an indoor or outdoor jacuzzi. Located at the top of the caldera (so no higher-up neighboring hotel guests can see onto your patio) at the quiet south end of Imerovigli, about a five-minute walk to the heart of the village and the trailhead to Skaros Rock.

Merovigliosso – Imerovigli

Wonderful little place in central Imerovigli. Owners and staff are super friendly and helpful. Small pool is nice but since it doesn’t get much sun is a little chilly.

Gizis Exclusive Hotel – Imerovigli

Tranquil hotel located a pleasant 10-minute walk north along the caldera from Imerovigli village. Facilities include a pool and snack bar. All rooms have caldera views, and all but one have a private balcony; suites add outdoor jacuzzis.

Belvedere Suites – Firostefani

Low-key luxury hotel with a caldera-view pool, sun terrace, and a pool bar serving light refreshments throughout the day. Most rooms and suites include private balconies with caldera views. Ideal location just steps from the main square.

Orabel Suites – Perivolos

Relaxed boutique hotel with luxury perks just 500 meters from the beach. The hotel features two pools (a kidney-shaped main pool with an attached counter-current swimming pool) plus a poolside lounge bar and complimentary breakfast delivered to each suite. All suites include a private indoor or outdoor jacuzzi.

Art Hotel – Pyrgos

Adults-only, boutique hotel with fun design elements, a pool, poolside bar, and an art gallery. Suites and maisonettes all have king-sized beds and private balconies or patios; some add private jacuzzis or heated plunge pools. Quiet location about a 10-minute walk from Pyrgos village, the highest village on the island, filled with great restaurants, shops, and panoramic views over the island.

Danae Suites – Finikia

Affordable luxury, all-suite, boutique hotel with a pool and bar set in traditional Finikia village, about a 15-minute walk to Oia. Suites all include a private balcony or patio, cave-style showers, and tasteful Cycladic design. Some suites add private, outdoor jacuzzis or pools (shown above). A combination buffet and a la carte breakfast is included and served in the breakfast room or directly to the suites.

Cheap Santorini Hotels with Caldera Views

Reverie Santorini

Spacious top floor suites have caldera views (and kitchenettes), and a shared rooftop view terrace is available to all guests.

Villa Ilias – Firostefani

Many rooms and suites offer private balconies with caldera views either southward toward Fira or due west over the volcanoes. Those without caldera views face the walking path or pool and are priced well below the other rooms.

Akra Suites – Imerovigli

Aspa Villas – Oia

Belvedere Hotel – Firostefani

Blue Dolphin Apartments – Firostefani

Gizis Exclusive Hotel – Imerovigli

Kalestesia Suites – Akrotiri

Kavalari Hotel – Fira

Hotel Mylos – Firostefani

Nikos Villas – Oia