My Favorite Cheap Santorini Hotels with Caldera View

GreeceSantorini › Cheap Hotels with View
Updated: March 22, 2022
By Santorini Dave

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A white furnished terrace overlooking the blue Aegean sea and volcanic islands.

Santorini Hotel with Caldera View: The budget-friendly Delfini Villas in Oia

Budget Hotels in Santorini with Caldera View

These are cheap hotels by Santorini standards but might still be out of some visitors’ budgets. If you must have a hotel with a caldera/volcano view, these are the cheapest options. Most of these Santorini hotels have good sunset views (except the ones in Oia – which don’t look towards the sunset). As I say often, the best way to save money on accommodations is to stay at a cheap Santorini hotel without a view and then enjoy the views on long walks along the caldera. Hotels back from the caldera can be 50% cheaper than caldera-view hotels but you’re only 1 or 2 minutes from the cliff. That said, obviously staying along the caldera is a wonderful experience.

Affordable Fira Hotels with Volcano Views

Kavalari Hotel
• Hotel Phone: +30 22860 22455
• Hotel Website:
• Check prices for Kavalari Hotel
View over the Santorini Caldera from a sun deck with flowering plants

Keti Hotel
• Hotel Phone: +30 22860 22324
• Hotel Website:
• Check prices for Keti Hotel
View over the Santorini Caldera from a jacuzzi

Panorama Boutique Hotel
• Hotel Phone: +30 22860 21760
• Hotel Website:
• Check prices for Panorama Boutique Hotel
Outdoor tables and couches on a sun seck overlooking the Santorini caldera

Scirocco Apartments
• Hotel Phone: +30 22860 22855
• Hotel Website:
• Check prices for Scirocco Apartments
View over the Santorini Caldera from Scirocco Apartments

Caldera Butterfly Villas (Mesaria, just south of Fira)
• Hotel Phone: +30 22860 25916
• Hotel Website:
• Check prices for Caldera Butterfly Villas

Theoxenia Hotel
• Hotel Phone: +30 22860 22740
• Hotel Website:
• Check prices for Theoxenia Hotel

Villa Renos
• Hotel Phone: +30 22860 22848
• Hotel Website:
• Check prices for Villa Renos

Affordable Oia Hotels with Volcano Views

Delfini Villas
• Hotel Phone: +30 22860 71600
• Hotel Website:
• Check prices for Delfini Villas
A white hotel veranda overlooking the blue sea and steep cliffs of Santorini

Aspa Villas
• Hotel Phone: +30 22860 71381
• Hotel Website:
• Check prices for Aspa Villas

Affordable Firostefani Hotels with Volcano Views

Belvedere Suites
Full Review
• Hotel Phone: +30 22860 25496
• Hotel Website:
• Check prices for Belvedere Suites
A row of umbrella-shaded sun loungers line a pool at the edge of a caldera-view terrace on a Santorini cliffside.

Blue Dolphins Apartments
• Hotel Phone: +30 22860 23173
• Hotel Website:
• Check prices for Blue Dolphins Apartments
Cruise ships in the Santorini caldera, as seen from the deck of a cliffside hotel

Hotel Mylos
• Hotel Phone: +30 22860 21848
• Hotel Website:
• Check prices for Hotel Mylos
The blue Aegean Sea and Santorini Caldera from a whitewashed sun terrace.

Sunset Hotel
• Hotel Phone: +30 22860 23046
• Hotel Website:
• Check prices for Sunset Hotel
A cafe table overlooks the Santorini Caldera

Villa Ilias
• Hotel Phone: +30 22860 24279
• Hotel Website:
• Check prices for Villa Ilias
The blue Santorini caldera and white cliffside hotels of Firostefani.

Damigos Caldera World
• Hotel Phone: +30 22860 27169
• Hotel Website:
• Check prices for Damigos Caldera World

Affordable Imerovigli Hotels with Volcano Views

Gizis Hotel
• Hotel Phone: +30 231 129 8370
• Hotel Website:
• Check prices for Gizis Hotel
Canopied sunbeds next to a pool on a sundeck that overlooks the blue Aegean Sea.

Heliotopos Hotel
Full Review
• Hotel Phone: +30 22860 23670
• Hotel Website:
• Check prices for Heliotopos Hotel
Small blue infinity pool overlooking the blue sea on a sunny day.

About Santorini Dave

Santorini Dave Santorini Dave was started in 2011 by a guy who loves Greece and Europe, travel and great hotels. We're now a small team of writers and researchers dedicated to providing the best travel content on the internet. We focus on Santorini, Mykonos, Athens, and Greece, offering recommendations for top hotels, neighborhoods, and family-friendly hotels worldwide. Dave can be contacted at

  1. Hotel Sunny Villas in Santorini

    Hay Dave I wanted to know if you have any info on Hotel Sunny Villa in Santorini and the area around the hotel. I Have looked at it online and the views look good just wanted to talk to the expert.

    1. Santorini Dave The Hotel Expert

      Nice little place right on the foot path through Imerovigli. You have two fantastic restaurants within a 30 second walk – The Athenian House and Mezzo. (Breakfast is served every morning at Mezzo.) The pool is small but looks out into the caldera at Skaros Rock and Grace Hotel down below. It’s a great choice for a slightly cheaper hotel.

  2. Spiliotica on the Cliff

    HI Dave,

    Thanks for such an abundance of helpful info! We’re heading to Greece first week of May for 10 days in Mykonos and Santorini. What’s your take on Spiliotica on the Cliff? We’ve been searching quite a bit for a romantic stay with views but close walking distance to multiple things to do.


    1. Santorini Dave The Hotel Expert

      Spiliotica is great with incredible views. There are several good restaurants and 2 markets nearby but for anything else you’ll be walking to Fira (about 20 minutes).

  3. VIP Suites or Residence Suites in Oia

    Hi Dave!

    Thank you for all of your super helpful information. My wife and I booked our flight for Greece during the last week of May and are so excited!

    We are trying to decide on a hotel and two places that we keep going back to are VIP Suites and Residence Suites in Oia. Any feedback or notes you have to share about those places?

    Thanks again for all the information!
    Josh Kinsey

    1. Santorini Dave The Hotel Expert

      Both are nice with great views. Some of the VIP suites have caldera views and others have sunset views (but you see less of the caldera). All of Residence Suites have true caldera views but won’t see the sun set into the sea.

  4. Merovigliosso Hotel in Imerovigli

    Does the Merovigliosso in Imerovigli have caldera views? It sort of looks like it from the website. Also, how big is the pool?

    1. Santorini Dave The Hotel Expert

      It’s across a small road/parking lot from the caldera cliff. From the Luxury Apartment (which has a 2nd floor balcony) there are views but for the most part I would not call this a view hotel. Though you’re steps from the cliffside and wonderful views. The pool is small but still great for a dip. There are some pools on Santorini that aren’t much more than a large jacuzzi but that’s not the case here. Yes, it’s small but it’s an actual pool. It is on the cooler side, however, since it’s not heated and doesn’t get a lot of direct sun. That’s fine from late June to early September but I doubt you’d be using it anytime from October to May.

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