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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.
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.
Situated between the island’s most famous beaches, Yiannaki Hotel is a boutique destination for lovers of classic Greek aesthetics. Built according to traditional Cycladic design, the hotel has brilliantly blue shutters and a generously sized pool, built into a beautiful stone terrace. Rooms are brightly furnished with marble bathrooms and private terraces, while the poolside restaurant and bar is the perfect place to start your evening with homemade Greek dishes.
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.
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.
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.
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.
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.
Ellie Ross contributed additional reporting to this article.