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My Favorite Cheap Santorini Hotels with Caldera View

Greece › Santorini › Cheap Hotels with View
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

Cheap Hotels in Santorini with Caldera View

Finding a hotel with a caldera view that doesn’t break the bank is the ultimate challenge in Santorini. The cheap hotels I’ve listed here are budget-friendly by local standards, though they might still feel pricey compared to mainland Greece. If your heart is set on waking up to those famous volcanic vistas, these are the most affordable ways to do it.

A few things to keep in mind:

  • Sunset vs. Caldera View: Most caldera-view hotels in Fira, Firostefani, and Imerovigli offer fantastic sunset views. However, many hotels in Oia actually face south or east across the caldera, which means you won’t see the sun drop into the sea from your balcony.
  • The Two-Minute Rule: The most effective way to save money is to book a cheap Santorini hotel located just a block or two back from the cliffside. You can often find rooms for 50% less than caldera-view hotels, yet you are still only a 60 second walk from the same world-class views.
  • Trade-offs: At this price point, you are often trading space or modern luxury for the location. Expect smaller rooms or simpler furnishings, but with the massive benefit of being right on the edge of the volcano.

Staying directly on the caldera is a bucket-list experience. If you can swing the cost, it is worth it for the atmosphere alone. But if these options are still too high, do not hesitate to stay inland and spend your savings on great meals and boat tours.

Affordable Fira Hotels with Volcano Views

Kavalari Hotel
• Hotel Phone: +30 22860 22455
• Hotel Website: kavalarihotel-santorini.com
• 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: hotelketi.gr
• Check prices for Keti Hotel
View over the Santorini Caldera from a jacuzzi

Panorama Boutique Hotel
• Hotel Phone: +30 22860 21760
• Hotel Website: panoramahotel.com.gr
• 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: scirocco-apartments.com
• 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: caldera-butterflyvillage.com
• Check prices for Caldera Butterfly Villas

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

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

Affordable Oia Hotels with Volcano Views

Delfini Villas
• Hotel Phone: +30 22860 71600
• Hotel Website: delfinihotel.net
• 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: aspavillas.com
• Check prices for Aspa Villas

Affordable Firostefani Hotels with Volcano Views

Belvedere Suites
• Full Review
• Hotel Phone: +30 22860 25496
• Hotel Website: belvederesantorini.com
• 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: bluedolphins.gr
• 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: hotelmylos.com
• 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: sunsethotel.gr
• Check prices for Sunset Hotel
A cafe table overlooks the Santorini Caldera

Villa Ilias
• Hotel Phone: +30 22860 24279
• Hotel Website: villailias.gr
• 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: damigoscalderaworld.com
• Check prices for Damigos Caldera World

Affordable Imerovigli Hotels with Volcano Views

Gizis Hotel
• Hotel Phone: +30 231 129 8370
• Hotel Website: gizisexclusive.gr
• 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: heliotopos.net
• Check prices for Heliotopos Hotel
Small blue infinity pool overlooking the blue sea on a sunny day.

About Santorini Dave

Santorini Dave in Athens, Greece Santorini Dave was started in 2011 when I posted a short guide to visiting Santorini with kids. Now, my site publishes regularly updated guides to Santorini, Naxos, Paros, Mykonos, Crete, Athens, and all of Greece.

Questions? Email me at dave@santorinidave.com.