The Best Budget-Friendly Hotels on 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
Photo of India Doyle
27 January 2021

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.

Mycocoon Hostel Mykonos

Hostel
Map View
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.
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Eleanna’s

Hostel
Map View
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.
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Super Paradise Suites and Rooms

Luxury
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Super Paradise Suites & Rooms
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.
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Kouros Hotel and Suites

Independent Hotel
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Kouros Hotel & Suites
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.
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Hippie Chic Hotel

Boutique Hotel
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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.
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Villa Elina Suites and More

Hostel
Map View
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.
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Olia Hotel

Boutique Hotel
Map View
Olia Hotel, 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.

Yiannaki Hotel

Boutique Hotel, Independent Hotel
Map View
Yiannaki Hotel, Mykonos
Courtesy of Yiannaki Hotel / Hotels.com

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.

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  • Anamar Mykonos

    Boutique Hotel
    Map View
    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.

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    Anagram Boutique Hotel

    Boutique Hotel
    Map View
    Anagram Boutique Hotel, Mykonos.
    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.

    Ftelia Bay Boutique Hotel

    Boutique Hotel
    Map View
    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.

    Zephyros Mykonos

    Boutique Hotel
    Map View
    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.

    Hotel Alkyon

    Boutique Hotel, Independent Hotel
    Map View
    Hotel Alkyon, Mykonos
    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.

    Ellie Ross contributed additional reporting to this article.

    These recommendations were updated on January 27, 2021 to keep your travel plans fresh.

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