What Are the Best Cheap Hotels in Mykonos?

Opt for a smaller, more affordable hotel in Mykonos without compromising on experience
Opt for a smaller, more affordable hotel in Mykonos without compromising on experience | © Joana Kruse / Alamy Stock Photo

Mykonos might not seem like a budget-friendly destination, but the island is nevertheless home to a wide selection of affordable places to stay, often with excellent locations and facilities. Swap grand design for smaller, family-run establishments and you can still enjoy the turquoise waters and buzzing nightlife of this Greek island without spending a fortune.

1. Mycocoon Hostel Mykonos

Hostel

Capsule-like bunk beds in a hostel dorm room at Mycocoon Hostel Mykonos
Courtesy of Mycocoon Hostel Mykonos / Expedia

This hostel feels more like a boutique hotel than a cheap lodging. The Scandi-chic design includes pale wooden bunks cocooned into the building’s natural curves. The largest dorms sleep up to 46 people, while the cosier private dorms sleep four or six, thus ideal for families or groups of friends. You’ll find more minimalist vibes outside, with a sun terrace, whitewashed walls, rattan furniture and a picture-perfect view over Mykonos town.

2. Eleanna’s

Hostel

A bed, kitchen, and sitting area in a guest room at Eleanna’s
Courtesy of Eleanna’s / Expedia

Centrally located in Mykonos town, Eleanna’s provides travellers with a homely place to stay on the island. Pink bougainvillea tumbles down over the traditional blue-and-white paintwork, while guest rooms are spacious and spotlessly kept. There are eight accommodation options, from the double deluxe with its swoon-worthy views of a colourful church, to the two-bedroom suite which comes with a private terrace for catching some sun.

3. Super Paradise Suites and Rooms

Luxury

Sun loungers along the outdoor infinity pool at Super Paradise Suites & Rooms, with a view of the sea and rocky cliffs
Courtesy of Super Paradise Suites and Rooms / Expedia

Set on a slope overlooking Super Paradise Beach, this hotel offers great-value accommodation, a range of dining options and a dreamy pampering facility. Choose from double and triple rooms, or suites with a pool or sea view – all have a down-to-earth design that does the job nicely. Breakfast is American buffet-style – think fresh fruit, yoghurt, cake and pastries – while the Divine Sea & More à la carte restaurant serves Mediterranean fusion fare out on the terrace or by the pool. During the day, be sure to book a massage in the open-air treatment room down on the beach.

4. Kouros Hotel and Suites

Independent Hotel

Sun loungers with towels next to a hot tub at Kouros Hotel & Suites, with a view of the town and sea
Courtesy of Kouros Hotel and Suites / Expedia

With excellent dining options, a great spa and a range of smart rooms, this hotel is a great choice for travellers who are on a budget but don’t want to give up those little holiday luxuries. You can sip cocktails by the infinity pool here, or kick back on your balcony and enjoy the view – with or without a cocktail. And if you’d like something at the top end of the budget spectrum, you can book a deluxe suite with its own pool or jacuzzi. Hungry? Savour traditional Greek cuisine with a contemporary twist, thanks to the culinary skills of head chef Dimitris Aidinis.

5. Hippie Chic Hotel

Boutique Hotel

A sitting area leading to a bedroom in a bright hotel room at Hippie Chic Hotel
Courtesy of Hippie Chic Hotel / Expedia

For barefoot luxury without the hefty price tag, try this stylish hotel on Agios Ioannis Beach, less than 4km (2.5mi) from Mykonos town. Expect sublime sunsets from the terrace or private beach, a sparkling pool to cool off in and spacious rooms and suites to retire to at the end of the day. Before you do, though, fill up on fresh fish at the Hippie Fish Restaurant or the Sushi Bar for a more laid-back affair. The hotel also has a beachwear boutique and will arrange massage treatments and airport transfers for its guests.

6. Villa Elina Suites and More

Hostel

A wood table and large corner couch in a guest room at Villa Elina Suites and More
Courtesy of Villa Elina Suites and More / Expedia

The sleek suites at Villa Elina have a fresh and modern feel, with customised furniture and details like rattan lampshades and olive-wood headboards tidily arranged within the whitewashed walls. The downstairs suites have sun-filled patios, while upstairs the three larger suites have balconies with their own jacuzzis – proving you can do boutique on a budget on this beautiful island.

7. Olia Hotel

Boutique Hotel

The outdoor pool next to the whitewashed building of Olia Hotel, built along the rocky cliffs in Mykonos
Courtesy of Olia Hotel / Expedia

Offering sea views and a fabulous swimming pool, Olia Hotel brings you the best of the Aegean. Five minutes from Mykonos town by bus, this is the perfect place for making the most of the whole island. Traditional Mykonos design and minimalist furnishings bring a classic, laid-back vibe, while the restaurant serves delicious local plates made from fresh ingredients on the island.

8. Anamar Mykonos

Boutique Hotel

Sun loungers with towels, trees and bushes at the outdoor pool at Anamar Mykonos
Courtesy of Anamar Mykonos / Expedia

Experience classic whitewashed, cave-like rooms at Anamar Mykonos. Located just a 10-minute walk from Ftelia Beach, you can take a morning dip in the Aegean Sea before enjoying a simple, traditional breakfast back at the hotel. The main town of Mykonos is only a 10-minute drive away, so you can enjoy relative seclusion here, the ultimate antidote to the wildness of the town’s beach clubs. Every room comes with sea views, but it’s best enjoyed with a drink on the terrace.

9. Anagram Boutique Hotel

Boutique Hotel

A wood table, mirror with wood frame and a wood bowl in a room at Anagram Boutique Hotel
Courtesy of Anagram Boutique Hotel / Hotels.com

Classic, simple decoration and a friendly atmosphere make Anagram Boutique Hotel a dreamy, affordable alternative to the luxury hotels across Mykonos. The rooms are minimal and modern with bohemian design touches. Located in the main town, the hotel is within easy walking distance of the island’s most popular clubs, bars and the iconic Mykonos windmills. Alternatively, rent a motorcycle from the front desk and explore further afield.

10. Ftelia Bay Boutique Hotel

Boutique Hotel

Tables and chairs, bean bags and sun loungers on the terrace at Ftelia Bay Boutique Hotel Mykonos
Courtesy of Ftelia Bay Boutique Hotel Mykonos / Expedia

Offering modern, minimalist interiors, Ftelia Bay Boutique Hotel pays homage to traditional Cycladic design. It’s just a short walk from the beach at Ftelia Bay and the renowned Alemagou Beach Bar. Enjoy lazy mornings around the small pool, before tucking into a local, garden-to-fork lunch at the on-site restaurant. If you’re looking for pampering over partying, there’s a boutique spa at the hotel, too.

11. Zephyros Mykonos

Boutique Hotel

Palm trees by the outdoor pool at Zephyros Mykonos
Courtesy of Zephyros Mykonos / Expedia

If you’re looking for an affordable place close to Paraga Beach – a legendary destination, home to the popular Kalua beach bar – book a room at Zephyros Mykonos. The hotel itself is vibrant and lively with furnishings to match. Big palm trees and luxurious cabanas line the pool. A hearty buffet breakfast is served on the terrace, and the staff are friendly and polite. While it’s likely you’ll spend most of your time on Paraga Beach, the hotel is only a short drive from the Mykonos windmills and main town.

12. Hotel Alkyon

Boutique Hotel, Independent Hotel

Tables and chairs on the terrace at Hotel Alkyon, overlooking Mykonos and the sea
Courtesy of Hotel Alkyon, Mykonos / Expedia

This family-run hotel offers the famous views for which Mykonos is known from its pool terrace. Rooms are cosily furnished and offer serene sea views – there’s nothing like watching the sun set from your own private terrace. Downstairs, breakfast is served on the terrace – think freshly squeezed juice, flaky pastries and Greek yoghurt topped with fruit. Mykonos town centre is just a 500m (0.3mi) walk downhill, filled with lively bars and plenty of Mediterranean restaurants to choose from for dinner.

For more options, discover our guide to the best hotels in Mykonos Town and book now on Culture Trip.
Ellie Ross contributed additional reporting to this article.

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