Cheap Hotels in Mykonos

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by Santorini Dave • Updated: August 1, 2022

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Mykonos Cheap Hotels – Tips & Advice

The 20 Best Budget Hotels in Mykonos

1. Hotel Matina – Mykonos Town

Open wooden gate and sign of Matina Hotel in Mykonos Town
Our favorite budget hotel in Mykonos Town. 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 the bars of Enoplon Dynameon Street, but without 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

Outside Harmony Boutiqe Hotel in Mykonos Town
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 nightlife.

3. Yakinthos Residence – Panormos

Exterior of Yakinthos Residence in Panormos
Remote, family-friendly getaway on a hill overlooking Panormos Beach, with spacious studio, 1-, and 2-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

Moderately priced, beachfront hotel in Platis Gialos, offering free beach sunbeds for guests, complimentary breakfast, and access to the pool at their sister property The George. Rooms range from 22 to 50 sqm, all with private balconies or terraces, some with sea views; the largest sleeps up to 5. Wonderful location on a lively, family-friendly beach near restaurants, beach clubs, and the bus into Mykonos Town.

5. Carbonaki Hotel – Mykonos Town

Cheap hotel in Mykonos Town.
This welcoming, family-run hotel sits at the quiet end of one of Mykonos Town’s two main shopping streets, making it almost impossible to get lost in the maze. Furnished in creams and whites, rooms come in different shapes, sizes and price categories, 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.

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

The pool at Petinos Beach Hotel in Platis Gialos
Sister hotels in Platis Gialos, one on the beach and the other just a few meters away from the water. Petinos Beach Hotel is a little more high-end with a sea view pool and modern minimalistic style rooms. Petinos Hotel is more affordable with traditional rooms; 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).

7. La Maison Kalogera – Mykonos Town

Cheap hotel in Mykonos Town.
Consisting of just four rooms, this small boutique hotel sits on the popular Nikolau Kalogera Street right in the heart of the action of labyrinthine Mykonos Town. Each room features heavy wooden beams, gleaming parquet floors, individually-chosen art and furnishings and views of Old Town. Extra touches include locally-made toiletries and bathroom slippers. There’s a wonderful rooftop terrace for sunset viewing, and even though the hotel doesn’t serve breakfast, it’s directly across the street from one of Mykonos Town’s best bakeries. 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.

8. Anemoessa Boutique Hotel – Kalafati Beach

Pool and dining at Anemoessa Boutique Hotel at Kalafati Beach
Family-owned, family-friendly boutique hotel with a sea view pool near Kalafati Beach. 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. 5-minute walk to Kalafati Beach, a quiet beach with excellent swimming and water sports.

9. Livin Mykonos – Drafaki, near Mykonos Town

The pool and restaurant at Livin Mykonos near Mykonos Town
Affordable, adults-only, luxury 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 m away.

10. Mykonos Town Suites – Mykonos Town

Inside a 2-bedroom apartment at Mykonos Town Suites
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 with separate living rooms and sleeping up to 6. Ideal walkable location for exploring the dining and sights of Little Venice, the Windmills, and the Old Port.

11. Deliades Hotel – Ornos Beach

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 beach, beach clubs, and great restaurants, while being just far enough out to remain quiet and tranquil.

12. Fresh Boutique Hotel – Mykonos Town

Cheap hotel in Mykonos Town.
The stylish rooms and suites at this small boutique hotel are all decked out in neutral shades, with lots of welcome 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. The breakfast spread comes highly rated by the guests.

13. Markos Beach Hotel – Megali Ammos Beach

Cheap hotel near Mykonos Town.
Right on the 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 have fans), they all catch the sea breeze and the sea view rooms come with own balconies overlooking the beach. The cheapest twins and doubles share facilities. The location is ideal for a quiet beach holiday without a hefty price tag. As for dining options, there’s a popular taverna on the opposite end of the beach and the hotel is within easy walking distance of Mykonos Town (10 minutes), 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 idyllic Mykonos beaches.)

14. Argo Hotel – Platis Gialos Beach

Cheap Mykonos hotel near beach.
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 and flat-screen TVs, with 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. Guests wanting to party can catch regular boats to Paradise and Super Paradise beaches.

15. Hotel Tropicana – Paradise Beach

Cheap Mykonos hotel on beach.
Overlooking Paradise Beach, Hotel Tropicana is a whitewashed Cycladic complex featuring large doubles, family rooms and self-contained studios suitable for couples and groups. Tasteful furnishings, balconies overlooking the Aegean, a large pool and on-site bar-restaurant serving classic Greek dishes are some of the perks. Another perk (for party-goers) is the proximity both to Club Tropicana and the Cavo Paradiso superclub, while 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 shuttles running to Mykonos Town mean easy access to bars and restaurants elsewhere, even if you haven’t rented a car.

16. Hippie Chic Hotel – Agios Ioannis

Cheap hotel at Agios Ioannis Beach in Mykonos.
Popular with couples and 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 rough-hewn 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, 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 a boon).

17. Elia Mykonos Resort – Elia Beach

Cheap beach hotel in Elia.
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 – one of Mykonos’ best for seafood. 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: there are several daily buses to Mykonos Town and you can boat-hop to Paraga, Paradise, Super Paradise, Platis Gialos, and Ornos Beaches using the scheduled water taxis.

18. Peristeronas Village – Klouvas

Cheap hotel in Mykonos, Greece.
Just off the Mykonos Town to Ano Mera road, Peristeronas Village is a clutch of cozy rooms and studio apartments (for up to four people) with kitchenettes, clustered around a large, beautiful pool. The staff is young and helpful and the place attracts both young revelers and families looking for a poolside vacation. There’s a poolside bar and restaurant if you feel like dining on-site, though if you have your own car, you’re within quick and easy reach of Mykonos Town restaurants and the excellent Italian restaurant en route to Ano Mera. Free transfers from the airport and the ferry ports included.

19. Salty Houses – Kalo Livadi

Cheap hotel in Mykonos, Greece.
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, they overlook the sea from a beautifully maintained, hillside property. Each house is divided into studios and apartments, the latter designed for 4-5 people. The apartments are stylishly furnished, with private terraces, fully equipped kitchens and hammocks slung in the shade. Salty Houses are a two-minute stroll from the wide, sandy crescent of Kalo Livadi beach on Mykonos’ south coast, and the friendly owners can help you organize all manner of water sports. Dining options are limited to a restaurant on the beach, so the peaceful location best suits independent travelers with own wheels.

20. Mykonos Pantheon – Kalo Livadi

Cheap hotel in Mykonos, Greece.
A good-value treat outside the super-peak season of mid-July to late August, 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 that never gets too crowded due to its somewhat remote location. And 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 of the suites comes with its own 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.

Map of Cheap Hotels in Mykonos

Map of the best cheap hotels on Mykonos Island.
Hotels on Map: HarmonyFreshLa Maison KalogeraCarbonakiMatinaMykonos Town SuitesYakinthos ResidencePeristeronas VillageMarkosLivin MykonosHippie ChicDeliadesArgoPetinosPetinos Beach HotelAcrogialiTropicanaEliaSalty HousesPantheonAnemoessa

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  1. Cheap Mykonos Hotel for Family of 4

    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.

    1. Santorini Dave The Hotel Expert

      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.

  2. Where To Stay in Mykonos on a Budget

    We have one night in Mykonos on our way to Naxos. Should we stay in Mykonos Town or at the beach?

    1. Santorini Dave The Hotel Expert

      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.

  3. Best Time to Go to Mykonos to Save Money

    Planning to visit in May to save money (cheap hotel rooms) and party. Good plan?

    1. Santorini Dave The Hotel Expert

      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.

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