My Favorite Cheap Hotels in Mykonos

Greece › Mykonos › Cheap Hotels
Updated: January 13, 2023
By Santorini Dave

Mykonos Cheap Hotels – My Recommendations

• Mykonos isn’t cheap and some of these hotels are not really in the budget category, but I’ve tried to pick a mix of cheap rooms and good value mid-range places to stay.
• The best moderately priced beachfront hotels in Mykonos: Acrogiali Hotel (Platis Gialos Beach) • Deliades Hotel (Ornos Beach)
• For the best deals book hotels 4 to 8 months in advance.
• My recommendation: Stay in Mykonos Town for easy access to the best Mykonos restaurants and nightlife.

The Best Budget Hotels in Mykonos

1. Hotel Matina – Mykonos Town

Hotel phone: +30 22890 22387
Friendly Matina Hotel sits in a lush, tranquil garden in the heart of largest town in Mykonos – steps away from the main shopping streets, numerous dining options and nightlife, but with little noise. Rooms come in different sizes, but all are en-suite with either small balconies or private terraces out front. The owners are wonderfully helpful and greet all guests with a welcome drink, dining recommendations, and plentiful information on the island’s attractions and how to reach them. An excellent breakfast is included in the price.

2. Harmony Boutique Hotel – Mykonos Town

Hotel phone: +30 22890 28980
Charming, moderately-priced hotel with modern rooms, a pool, and a mini spa in a quiet area above the Old Port in Mykonos Town. The hotel has a great Mediterranean restaurant, a poolside bar, and a complimentary breakfast buffet. Excellent location just a short walk to the island’s best restaurants, shopping, and clubs.

3. Yakinthos Residence – Panormos

Hotel phone: +30 22890 29183
Remote, family-friendly getaway on a hill overlooking Panormos Beach with spacious studio, one, and two-bedroom apartments with kitchenettes and private terraces. Amenities include a dazzling pool, wonderful breakfasts delivered to each suite, and complimentary arrival and departure transfer (though a rental car is strongly recommended for this area).

4. Acrogiali Hotel – Platis Gialos

Hotel phone: +30 22890 22125
Moderately priced beachfront hotel in Platis Gialos, offering free sunbeds and umbrellas for guests, complimentary breakfast, and access to the pool at their sister property, The George. Rooms range from 22 to 50 square meters, all with private balconies or terraces, some with sea views; the largest sleeps up to five. Wonderful location on a lively, family-friendly beach near restaurants, beach clubs, and the bus into Mykonos Town.

5. Petinos Hotel and Petinos Beach Hotel – Platis Gialos Beach

Petinos Hotel: +30 22890 22913; Petinos Beach: +30 22890 24310
Sister hotels in Platis Gialos, one on the beach and the other set just a few meters back from the water. Petinos Beach Hotel is a little more high-end with a seaview pool and modern, minimalistic rooms. Petinos Hotel is more affordable with traditional rooms, though guests here have access to the pool at Petinos Beach Hotel. Both hotels share the restaurants Blue Myth (Mediterranean restaurant with lively Greek Nights and the breakfast buffet) and Thea (seaside Italian and Greek restaurant with great views).

6. Carbonaki Hotel – Mykonos Town

Hotel phone: +30 22890 24124
This welcoming, family-run hotel sits at the quiet end of one of Mykonos Town’s two main shopping streets. Rooms come in different shapes, sizes, and price ranges, but all are equipped with satellite TV, mini-fridges and a/c. Our pick of the rooms is the rooftop 119, with great views over the sea and the maze of whitewashed Cycladic buildings. There’s a small cold-water Jacuzzi for those hot summer days. The warmth of the owners, the superb location – minutes away from restaurants, bars, and the waterfront – and the reasonable prices make this an excellent budget pick. Continental breakfast is served in the vaulted dining room and there are numerous indoor nooks and outdoor patios to retreat to with a cocktail or a beer.

7. Anemoessa Boutique Hotel – Kalafati Beach

Hotel phone: +30 22890 71420
Family-owned, family-friendly boutique hotel with a sea view pool. Rooms and suites offer private patios or balconies with sea or garden views. Food and drinks are on offer all day from their poolside restaurant, pool bar, and lounge bar, serving Mediterranean specialties, authentic Greek breakfasts, and well-crafted cocktails featuring ingredients grown in their own garden. Just a five-minute walk to quiet Kalafatis Beach (a popular windsurfing spot and the island’s only Blue Flag beach).

8. Salty Houses – Kalo Livadi

Hotel phone: +30 22890 72421
If you’re traveling as a family or a group, these traditional stone houses are a bargain, particularly outside the super-peak season of mid-July to late August. With rough stone floors and heavy wooden beams, the seven houses overlook the sea from a beautifully maintained, hillside property. Houses come in studio or apartment style, the latter designed for 4-5 people. All units are stylishly furnished with private terraces, fully equipped kitchens, and hammocks slung in the shade. The hotel sits above tiny Loulos Beach and is just a two-minute stroll from the wide, sandy crescent of Kalo Livadi Beach on Mykonos’ south coast. A car is highly recommended here.

9. La Maison Kalogera – Mykonos Town

Hotel phone: +30 22890 26697
Consisting of just four rooms, this boutique hotel sits right in the heart of the action of labyrinthine Mykonos Town. Each room features gleaming parquet floors, individually-chosen art and furnishings, and views of Chora. Extra touches include locally-made toiletries and bathroom slippers. There’s a wonderful rooftop terrace for sunset viewing. Although the hotel doesn’t serve breakfast, it’s directly across the street from an excellent bakery. Service is professional and very helpful and everything of interest in a 5-minute walk away, from the waterfront restaurants and the bars of Little Venice to the Mykonos Windmills and the two main shopping streets.

10. Mykonos Town Suites – Mykonos Town

Hotel phone: +30 21033 06012
Charming, spacious apartments in the heart of town, all with full kitchens and private, garden terraces. Breezy, Cycladic style apartments range from cozy studios to spacious 2-bedroom units sleeping up to six and with separate living rooms. Ideal, walkable location for exploring the dining and sights of Little Venice, the Windmills, and the Old Port.

11. Deliades Hotel – Ornos Beach

Hotel phone: +30 22890 79430
Not cheap, but more affordable than the average Mykonos Hotel. This low-key luxury hotel offers several room types with private outdoor pools or jacuzzis and a walkable location overlooking Ornos Beach. Facilities include a pool, pool bar, and a Greek-international restaurant. The hotel is just minutes away from the sea, beach clubs, and great restaurants, while being just far enough out to remain quiet and tranquil.

12. Fresh Boutique Hotel – Mykonos Town

Hotel phone: +30 22890 24670
The stylish rooms and suites at this small boutique hotel are all decked out in neutral shades, with lots of little touches – extra-comfortable beds, fresh fruit, flat-screen TV, locally-made toiletries in the en-suite bathrooms. Some rooms come with small balconies overlooking the garden. The location is superb – right in the heart of Mykonos Town, near the open-air Cine Manto, with numerous dining options in the surrounding streets and excellent shopping practically on the hotel doorstep. If you don’t wish to venture far for dinner, the hotel’s own Kalita restaurant serves delicious Greek fusion dishes in a tranquil garden setting, accompanied by expertly-mixed cocktails from the bar. An amazing breakfast is included.

13. Bay Bees Sea View Suites & Homes – Platis Gialos Beach

Hotel phone: +30 21033 06012
Self-catering suites and apartments with full kitchens and private terraces. Studios up to three-bedroom units are available; the largest sleeps up to nine guests. A welcome basket of fruit and wine are complimentary; the fridge and pantry comes stocked with food for longer stays of three or more nights. Wonderful location on a hillside overlooking Platis Gialos Beach, just a short walk to restaurants, beach clubs, the bus to Mykonos Town, and the water taxi route.

14. Argo Hotel – Platis Gialos Beach

Hotel phone: +30 22890 23405
Just two minutes’ walk from the popular Platis Gialos Beach on Mykonos’ south coast, Argo combines minimalist Cycladic chic with an excellent location. The spacious doubles and family rooms are tiled, whitewashed, and equipped with a/c, flat-screen TVs, and balconies overlooking either the large pool or the garden. Extensive breakfast buffet makes great use of fresh local produce, and free airport/port transfers are included in the room price. Numerous restaurants line nearby Platis Gialos Beach, with more dining options and bars on Paraga Beach, reachable by boat shuttle or a coastal hike. Guests wanting to party can catch regular boats from here to Paradise and Super Paradise Beaches.

15. Hotel Tropicana – Paradise Beach

Hotel phone: +30 22890 78746
Overlooking Paradise Beach, Hotel Tropicana is a whitewashed Cycladic complex featuring large doubles, family rooms and self-contained studios suitable for couples and groups (in addition to its swanky new suites and villas). Tasteful furnishings, balconies overlooking the beach, four pools, and an on-site bar-restaurant serving modern Mediterannean dishes are some of the perks. Close to party-oriented beach clubs, yet the soundproofing of the rooms ensures that guests still get a good night’s sleep. Nearby dining options include an authentic Indian restaurant, and regular buses running to Mykonos Town mean easy access to bars and restaurants elsewhere, even if you haven’t rented a car.

16. Elia Mykonos Resort – Elia Beach

Hotel phone: +30 22890 71204
Sitting pretty on one of the south coast’s most picturesque sandy beaches, Elia Mykonos Resort is a clutch of spacious rooms and suites, overlooking either the Aegean or the garden. The rooms are light, bright and whitewashed, with blond wood furnishings, beamed ceilings and deep stand-alone tubs in the suites. Some have balconies, while others have small private terraces. Nearby dining options are limited to Elia restaurant next door. The lively on-site bar serves excellent cocktails. Though sufficiently remote to avoid crowds during peak season, Elia Beach is well-connected to the rest of the island with several daily buses to Mykonos Town and water taxis to Paraga, Paradise, Super Paradise, Platis Gialos, and Ornos Beaches.

17. Erato Hotel – Ornos Beach

Hotel phone: +30 22890 23961
Family-owned, midrange hotel just behind Ornos Beach with a large garden and a shaded stone terrace. A hearty breakfast buffet is included in the room rate, while the lobby bar is open all day serving coffee, cocktails, and snacks. Rooms and suites all include a furnished balcony or patio; Junior Suites and Family Suites sleep three to four guests comfortably. Easy walking distance to the restaurants, beach clubs, and market on Ornos Beach. No car rental is necessary here; a bus stop to Mykonos Town is right in front of the hotel, and the water taxi to the south coast beaches is just a short walk along the water.

18. Peristeronas Village – Klouvas

Hotel phone: +30 22890 77323
Just off the Mykonos Town to Ano Mera road, Peristeronas Village is a clutch of cozy rooms and studio apartments with kitchenettes, sleeping up to four guests. The staff is young and helpful, and the place attracts both young revelers and families looking for a poolside vacation. There’s a bar and restaurant on site, if you feel like dining in. By car, you’re within quick and easy reach of Mykonos Town restaurants. Free transfers from the airport and the ferry ports included.

19. Mykonos Pantheon – Kalo Livadi

Hotel phone: +30 69833 58017
A good-value treat outside the peak season, Mykonos Pantheon consists of a handful of stylish rooms and suites. The location is a winner – just a five-minute walk from the wide, sandy Kalo Livadi Beach. If you don’t feel like walking to the beach, the property has its own infinity pool overlooking the deep blue of the Aegean. The rooms are individually designed, but all have rough-hewn stone walls, a/c, and supremely comfortable beds; one suite adds a private plunge pool. There’s a snack bar on the property and a beachside restaurant nearby, but it helps to have your own vehicle to explore other parts of Mykonos.

20. Hippie Chic Hotel – Agios Ioannis

Hotel phone: +30 22890 22901
Located on the small Agios Ioannis Beach on the southeast side of the island, Hippie Chic comprises spacious doubles and suites, a number of them with sea views. King-sized Coco-Mat beds and flat-screen TVs are found in all the rooms; décor is faithful to the island aesthetic, so expect stone walls and neutral shades. Amenities include a private beach area with sun loungers and a large pool. Guests don’t have to wander far to find good dining: the poolside Hip Mixology bar serves sushi and signature cocktails, and the on-site restaurant, Hippie Fish (pictured above), is one of the best on the island for catch-of-the-day, pasta, and seafood dishes. Hippie Chic is a 10-minute walk from the secluded Kapari Beach – a favorite sunset-viewing spot, and a 4km ride from Mykonos Town (having own wheels is ideal).

21. Livin Mykonos – Drafaki, near Mykonos Town

Hotel phone: +30 22890 23474
Affordable, adults-only boutique hotel with a pool. Rooms and suites feature Cycladic minimalist style and all offer private patios or balconies. The poolside Mediterranean restaurant and bar offers a combo buffet and a la carte breakfast and a casual, all-day menu until midnight. Room service is available 24-hours a day (limited menu from midnight to 8:00 a.m.) Walkable to Mykonos Town, but the road is pretty busy. The bus into town is just 30 meters away.

22. Markos Beach Hotel – Megali Ammos Beach

Hotel phone: +30 22890 22811
Right on Megali Ammos Beach – a long strip of sand and the closest good swimming spot to Mykonos Town – this compact hotel features a dozen or so whitewashed rooms and 4-person studios, complete with nautically-themed art on the walls. Studios come with kitchenettes and even though not all rooms have a/c (some only have fans), they all catch the sea breeze. Sea View Rooms come with own balconies overlooking the beach. The cheapest twins and doubles share washroom facilities. The hotel is about a 10-minute walk to Mykonos Town, while the restaurants of busy and popular Ornos Beach are a 20-minute walk away. Megali Ammos beach is nice but not one of the most idyllic Mykonos beaches.

Map of Cheap Hotels in Mykonos

Hotels on Map: Harmony • Fresh • La Maison Kalogera • Carbonaki • Matina • Mykonos Town Suites • Yakinthos Residence • Peristeronas Village • Markos • Livin Mykonos • Hippie Chic • Erato • Deliades • Argo • Petinos • Petinos Beach Hotel • Acrogiali • Bay Bees • Tropicana • Elia • Salty Houses • Pantheon • Anemoessa

Read More

• Mykonos Travel Guide
• Santorini Travel Guide
• Greece Travel Guide
• Maps of Mykonos