Greece › Mykonos › Cheap Hotels
Updated: August 23, 2026 • By Santorini Dave
The idyllic Acrogiali Hotel on Platis Gialos Beach is one of the best-value hotels in Mykonos.
Mykonos Cheap Hotels – My Tips
- Mykonos is expensive. A few hotels on this list are genuinely cheap by Mykonos standards; others are here because they offer good value for their location, facilities, or room size.
- Best value overall: Acrogiali Hotel in Platis Gialos. It is directly on one of Mykonos’s best beaches, with breakfast, complimentary beach loungers, easy buses to Town, and access to the pool at sister hotel The George. For the location, it is one of the best hotel values on the island.
- Best value in Mykonos Town: Hotel Matina for a simple, friendly stay right in Town; Harmony Boutique Hotel if you want a pool, sea views, and a more polished hotel near the Old Port.
- Best value beach areas: Platis Gialos has the strongest selection of reasonably priced beach hotels, while Ornos is especially good for families.
- Book early: Good-value rooms disappear before the expensive ones. For June through September, I would book 4 to 8 months ahead. For July and August, book as soon as your dates are firm.
- Do not chase the cheapest room on the island: A bargain hotel in a remote location can stop being a bargain once you add taxis, transfers, or a rental car. Mykonos Town, Ornos, and Platis Gialos are usually worth paying a little more for if you want to avoid renting a car.
The Best Cheap and Good-Value Hotels in Mykonos
1. Acrogiali Hotel – Platis Gialos
My favorite good-value beach hotel in Mykonos. Acrogiali sits directly on Platis Gialos Beach, with complimentary loungers for hotel guests, breakfast overlooking the water, and a bus stop to Mykonos Town just outside. Rooms are simple but comfortable, with balconies or terraces; family rooms sleep up to five. Guests can also use the pools at nearby sister hotel The George. If you care more about a great beach and location than 5-star extras, this is hard to beat.2. Hotel Matina – Mykonos Town
One of my favorite genuinely affordable hotels in Mykonos Town. Matina sits in a pretty garden right in the center but away from the noise, a few minutes from restaurants, shopping, Little Venice, and the Windmills. Rooms are straightforward, all with private bathrooms and either a balcony or terrace. The friendly owners and excellent location are the reasons to stay here.3. Harmony Boutique Hotel – Mykonos Town
Harmony is not a budget hotel, but it is excellent value for a polished hotel with a pool in Mykonos Town. It overlooks the Old Port, with modern rooms, sea views from some categories, a restaurant, pool bar, small spa, and breakfast. The location is especially good: close enough to walk everywhere in Town but just outside the busiest lanes.4. Argo Hotel – Platis Gialos
Very good midrange hotel a couple of minutes’ walk from Platis Gialos Beach. Rooms are bright and spacious, including family rooms, and there is a large pool and good breakfast. Restaurants, buses to Mykonos Town, and the south-coast water taxi are all close. One of the smartest choices if you want a beach vacation without paying beachfront luxury prices.5. Erato Hotel – Ornos Beach
Friendly family-owned hotel in a garden a short walk from Ornos Beach. Junior Suites and Family Suites sleep three or four, breakfast is included, and most rooms have a balcony or patio. Ornos restaurants, the bus to Mykonos Town, and the beach water taxi are all easy to reach. One of my favorite lower-priced hotels for families.6. Mykonos Town Suites – Mykonos Town
Excellent apartments in a quiet garden setting in Mykonos Town. Studios and apartments have kitchens or kitchenettes, private terraces, and configurations sleeping up to six. A particularly good value for families and longer stays, especially if having more space and the ability to prepare breakfast or simple meals matters.7. Carbonaki Hotel – Mykonos Town
Simple, friendly hotel in the middle of Mykonos Town with a surprisingly peaceful feel once you’re inside. Rooms vary considerably in size and style, so check the exact category before booking. The location is the big advantage: restaurants, bars, shops, Little Venice, and the waterfront are all just a few minutes away.8. Bay Bees Sea View Suites & Homes – Platis Gialos
Studios, apartments, and homes on the hillside just above Platis Gialos. The larger units have full kitchens, sea-view terraces, and up to three bedrooms, making Bay Bees especially good value for families and groups splitting the cost. The beach, restaurants, bus, and water taxi are a short walk downhill.9. Petinos Hotel and Petinos Beach Hotel – Platis Gialos
Two sister hotels beside Platis Gialos. Petinos Hotel is the better value, set just back from the sand with renovated rooms and easy access to the beach. Petinos Beach Hotel is more luxurious, with sea views and a pool right beside the water, and is worth checking when rates are reasonable. Both put restaurants, the bus to Town, and the water taxi at your doorstep.10. Salty Houses – Kalo Livadi
A particularly good value for families and groups, with studios and larger homes overlooking the sea near Kalo Livadi. Units have kitchens, large terraces, and plenty of space, and the beach is close. You will want a rental car here, but the extra room can make Salty Houses much cheaper than booking two hotel rooms in Ornos or Platis Gialos.11. Deliades Hotel – Ornos
Good-value upscale hotel just above Ornos Beach, not directly on the sand. Rooms range from straightforward doubles to suites with private jacuzzis or pools, and there is a main pool, restaurant, and bar. Stay here if you want Ornos convenience and nicer facilities without paying the rates of the top beachfront resorts.
12. La Maison Kalogera – Mykonos Town
Tiny boutique hotel with just a handful of rooms right in the pedestrian center of Mykonos Town. Rooms are compact and stylish, and there is a rooftop terrace with views over Chora. No pool and no breakfast, but restaurants, bakeries, bars, Little Venice, and the Windmills are outside the door. Best for couples who care about location more than hotel facilities.13. Fresh Boutique Hotel – Mykonos Town
Small boutique hotel in an excellent central location near Cine Manto and the main shopping lanes. Rooms are modern but compact; some have small balconies. The location is much better than the facilities suggest, and the excellent Kalita restaurant in the courtyard is a bonus. Good for travelers who want to spend most of their time out exploring Town.14. Yakinthos Residence – Panormos
Quiet apartments and studios on the hillside above Panormos with kitchens, terraces, sea views, and an excellent pool. It can be very good value for families or travelers who want space and quiet. A rental car is strongly recommended; this is not a convenient base for going into Mykonos Town every night.15. Markos Beach Rooms & Studios – Megali Ammos
One of the few genuinely simple budget stays this close to Mykonos Town. Markos sits steps from Megali Ammos Beach and about a 10-minute walk from Chora. Rooms and studios are basic, so don’t book this expecting resort facilities, but the location and price can be excellent. A good choice for travelers who want a bed near Town and the beach and plan to spend little time at the hotel.16. Kosmoplaz Beach Resort Hotel – Platis Gialos
Kosmoplaz has one huge advantage: it sits directly on Platis Gialos Beach. There is a pool, restaurant, and easy access to the bus, restaurants, beach clubs, and water taxi. The hotel is not as polished as the best properties on this beach, but when the rate is good it can be a worthwhile choice for travelers who want a true beachfront location without paying Branco or Petasos prices.
17. Peristeronas Village – Klouvas
Good-value rooms and studios near the road between Mykonos Town and Ano Mera, with a pool, restaurant, and kitchenettes in some units. The location is practical if you’re renting a car and exploring the island. I would not choose it for a car-free first visit, but rates can be much lower than comparable hotels near Town or the main beaches.18. Mykonos Pantheon – Kalo Livadi
Stylish hillside hotel a short walk from Kalo Livadi Beach, with an infinity pool and excellent sea views. Some rooms and suites add private outdoor pools. It is especially good value outside July and August. Rent a car if you stay here; the quiet east-coast location is part of the appeal but makes spontaneous nights in Town less convenient.19. Livin Mykonos – Drafaki, Near Mykonos Town
Adults-only hotel with a pool and modern rooms just outside Mykonos Town. It can be a good compromise when central Town hotels are expensive. You can walk into Chora, but I don’t love the road for walking; the nearby bus is the better option.20. Tropicana Hotel – Paradise Beach
Tropicana is no longer simply a cheap party hotel. It now has everything from relatively affordable rooms to expensive suites and villas, along with several pools and polished facilities. Stay here because you want Paradise Beach and the party scene, not because it is the cheapest place on Mykonos. The lower room categories can still offer good value for younger travelers and groups.21. Elia Mykonos Resort – Elia Beach
Not cheap in an absolute sense, but good value for a hotel directly on one of Mykonos’s best beaches when rates cooperate. Rooms and suites are bright and attractive, and the hotel has its own beachfront restaurant and bar. Elia is much quieter than Ornos or Platis Gialos, but you give up some restaurant choice and easy access to Town.22. Numo Mykonos – Kalafatis
Numo Mykonos is more stylish and upscale than the old Anemoessa hotel it replaced, so I no longer consider it a true budget choice. It can still offer good relative value for a design-focused resort near Kalafatis, especially outside peak season. Stay here for quiet, the pool, and east-coast beaches; rent a car if you want to explore widely.23. Hippie Chic Hotel – Agios Ioannis
A small beachfront boutique hotel attached to the excellent Hippie Fish restaurant on Agios Ioannis Beach. It has a pool, guest beach area, stylish rooms, and a quiet setting with good sunset views. This is no longer a hotel I would call cheap, but it remains worth checking when rates are reasonable because the beachfront setting is much better than most hotels at a similar price.
Map of Cheap Hotels in Mykonos
Hotels on Map: Harmony • Fresh • La Maison Kalogera • Carbonaki • Matina • Mykonos Town Suites • Yakinthos Residence • Peristeronas Village • Markos Beach • Livin Mykonos • Hippie Chic • Erato • Deliades • Argo • Petinos • Petinos Beach • Acrogiali • Bay Bees • Tropicana • Elia • Salty Houses • Pantheon • Numo
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 
HI Santorini Dave. We are going to Mykonos overnight en route to Naxos, with two toddlers (2 and 3 years). Would you recommend Matina or Philippi? Many thanks, Felicity.
I think both have superb central locations in Mykonos Town. The Matina has a family room with 4 single beds so everyone would have their own bed. Otherwise no big difference.
We have one night in Mykonos on our way to Naxos. Should we stay in Mykonos Town or at the beach?
With just one night I’d stay in Mykonos Town. Lots of good budget accommodations in town and just up the hill (slightly out of town). It’s much easier to get to both the new port and old port when staying in Mykonos Town.
Planning to visit in May to save money (cheap hotel rooms) and party. Good plan?
You will find cheaper rooms and flights to Mykonos in May. But the big beach parties and club scene in Mykonos Town don’t really get hopping until mid/late June. If you’re coming late May, you’ll have plenty of places to go out in Mykonos Town.