We recommend that you review the best cheap in Mykonos. Because, Mykonos is an expensive and costly island. Mykonos hospitality scene shines is in the smaller, affordable hotels that swap grand design for unique details. You have to search every Mykonos hotels and their deals and services. There are budget friendly alternatives in this Greek island. If you have any questions, you can write us on our contact page.

Cheap Hotels in Mykonos

During your holiday in Mykonos, the basic expenses that will shake you in the costs will be flight tickets and hotel accommodation. Hotels on the island of Mykonos are expensive compared to other Greek islands. There is an increase in hotel prices from May to the beginning of October. Cheap and budget hotels in Mykonos, you need to first determine your location. For example, if you’re thinking of staying in Mykonos town, your chances of finding a cheap hotel will automatically decrease. But if you book early, you can take advantage of the price.

By reading our article “Where to stay in Mykonos?”, You can find detailed information about which hotels are available and how much hotel prices are in Mykonos.

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  • Mykonos isn’t cheap and some of these hotels are not really in the budget category, but We’ve tried to pick a mix of cheap rooms and good value mid-range places to stay.


  • For the best deals book hotels 4 to 8 months in advance.

  • Our recommendation: Stay in Mykonos Town for easy access to the best Mykonos restaurants and nightlife.

The 20 Best Budget Hotels in Mykonos

1. Panorama Rooms Chora – Mykonos Town

Panorama Rooms Chora – Mykonos Town
Panorama Rooms Chora – Mykonos Town

Our favorite budget hotel in Mykonos Town. Boasting a garden, terrace and views of sea, Panorama Rooms Chora is situated in Mýkonos City, 3.6 km from Nammos Mykonos. The property is close to Archaeological Museum of Mykonos, Mykonos Old Port and Meletopoulou Public Garden. The air-conditioned rooms provide a garden view and come with a desk and free WiFi. Within a 2-minute walk, guests will find a bus stop. Mykonos Airport is 2.5 km away and the popular beach of Psarrou is at 4 km. Free parking is available near the premises.

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2. Angela’s Rooms – Mykonos Town

Angela's Rooms - Mykonos Town
Angela’s Rooms – Mykonos Town

Angela’s Rooms enjoys a quiet location at the edge of Mykonos Town, yet just a short walk away from the lively centre. This cheap hotel in Mykonos offers rooms with balcony or patio and free Wi-Fi access. Within a 2-minute walk, guests will find a bus stop. Mykonos Airport is 2.5 km away and the popular beach of Psarou is at 4 km. Free parking is available near the premises.

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3. Pension Katerina Studios – Tourlos

Pension Katerina Studios - Tourlos, Mykonos
Pension Katerina Studios – Tourlos, Mykonos

The Cycladic-style Pension Katerina Studios is located in Tourlos of Mykonos, just 50 m from the beach and 800 m from the old port. This cheap hotel in Mykonos offers accommodation with free WiFi and a balcony. The cosmopolitan town of Mykonos is 1 km away, while Mykonos new port is at a distance of 800 m. Mykonos Airport is 5 km away. The beach of Agios Stefanos is 1.2 km away. Free on-site parking is possible.

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4. Morfoula’s Studios – Mykonos Town

Morfoula's Studios - Mykonos Town
Morfoula’s Studios – Mykonos Town

This cheap hotel in Mykonos is just 100 m from Mykonos Town Centre, Morfoula’s Studios are built in Cycladic style. Set at a hill, they offer air-conditioned accommodation with balcony and free WiFi. Fabrica Square, with the central bus station, as well as the popular windmills are accessible within short walking distance. A restaurant and a café bar can be found 100 m away and the nearest beach is 500 m away. Mykonos National Airport is at a distance of 1 km and the island’s port is 3 km away.

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5. Fraskoula’s Town – Mykonos Town

Fraskoula's Town - Mykonos Town
Fraskoula’s Town – Mykonos Town

Just 100 m from Agios Charalampos Beach, the Cycladic-style Fraskoula’s Town is in Mykonos Town. This cheap hotel in Mykonos offers air-conditioned accommodation with free WiFi and a shared terrace or a private balcony. Little Venice is 30 m away. A bus station can be found 60 m away, and several restaurants and café bars are within close proximity. Mykonos Windmills are 20 m away and Mykonos Port is 2 km away. Mykonos National Airport is at a distance of 1.5 km.

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6. Germanos Studios – Mykonos Town

Germanos Studios - Mykonos Town
Germanos Studios – Mykonos Town

Set on an elevated position, the Cycladic-style Germanos Studios offers rooms and studios with panoramic views over the Aegean Sea. This cheap hotel in Mykonos is 500 m away from the charming centre of Mykonos Town and 3 km from the port. The beach of Megali Ammos is 1 km away from Germanos, while the popular, sandy beaches of Ornos and Platis Gialos are at 3 km. Mykonos Airport is 3 km away. Free 2-way transfer to the port and airport is provided upon request.

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7. Marina’s House – Tourlos

Marina's House - Tourlos
Marina’s House – Tourlos

This budget friendly hotel situated in Tourlos, 1.5 km from Mykonos New Port and 4.4 km from Armenistis Lighthouse, Marina’s House offers a terrace and air conditioning. The property has sea views. The nearest airport is Mykonos, 3.8 km from Marina’s House, and the property offers a paid airport shuttle service.

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8. Seaside Merchia Villa – Merchia Beach, Ano Mera

Seaside Merchia Villa - Merchia Beach, Ano Mera
Seaside Merchia Villa – Merchia Beach, Ano Mera

Just 50 m from the beach, Seaside Merchia is a self-catering property located in Ano Mera. This budget friendly hotel offers a terrace wih Aegean Sea views and BBQ facilities. Free WiFi is available throughout. The property is 10 km from Mykonos Town and Mykonos Old Port. The beaches of Kalo Livadi and Kalafatis are a short drive away. Super Paradise Beach and Mykonos Airport are located 9 km away. Airport shuttle can be arranged upon charge. Free private parking is possible on site.

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9. MOOI Skylight – Mykonos Town

MOOI Skylight - Mykonos Town
MOOI Skylight – Mykonos Town

MOOI Skylight features a balcony and is situated in Mýkonos City, within just 80 m of Little Venice and 100 m of Glam Club. It is located 4.2 km from Nammos Mykonos and provides a shared kitchen.

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10. Regalo House – Mykonos Town

Regalo House - Mykonos Town
Regalo House – Mykonos Town

This budget friendly hotel is right in the heart of Mýkonos City, situated within a short distance of Mykonos Windmills and Little Venice, Regalo House offers free WiFi, air conditioning and household amenities such as an oven and kettle. With city views, this accommodation features a balcony. Popular points of interest near the holiday home include Glam Club, Archaeological Museum of Mykonos and Mykonos Old Port. The nearest airport is Mykonos Airport, 2.4 km from Regalo House.

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11. Galini Hotel – Mykonos Town

Galini Hotel - Mykonos Town
Galini Hotel – Mykonos Town

Galini Hotel in Mykonos Town, is only 150 m from the beach and 300 m from the main port. From noon until late in the evening Galini guests can taste traditional light Mediterranean dishes.

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12. Asteri Hotel – Ornos Beach

Asteri Hotel - Ornos Beach
Asteri Hotel – Ornos Beach

Cheap Hotels in Mykonos: Asteri Hotel is situated at Ornos, just 100 m from the beach. It has a 24-hour front desk and an outdoor pool. Access to and from Mykonos Town (2 km away) is easy with a frequent local bus service. Daily boat service to other beaches, as well as excursions to Delos is available.

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13. La Veranda – Mykonos Town

La Veranda - Mykonos Town
La Veranda – Mykonos Town

Enjoying views of the Aegean Sea and sunset, La Veranda features a small, free-form pool with sun beds, as well as an outdoor bar. This cheap hotel in Mykonos offers air-conditioned accommodation with a furnished patio or balcony overlooking the Aegean Sea or the pool. La Veranda lies 300 m from the centre of Mykonos Town and 4 km from Mykonos International Airport and Port. The famous Super Paradise Beach is around 5 km away. Free parking is possible on site.

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14. Vana Holidays – Ornos Korfos

Vana Holidays – Ornos Korfos

Just 500 m from Ornos Bay, 1.5 km from Mykonos Town, Vana Holidays offer a swimming pool and sunset views. This cheap hotel in Mykonos provides Free airport and port transfers. The nearby beach is equipped with water sports facilities. There is a boat to the most famous beaches of the island, such as Psarou, Elia and Paradise.

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15. Central local living – Mykonos Town

Central local living - Mykonos Town
Central local living – Mykonos Town

Situated in Mýkonos City, 4 km from Nammos Mykonos and less than 1 km from Mykonos Windmills, Central local living in Mykonos, main town provides accommodation with amenities such as free WiFi and a flat-screen TV. With city views, this accommodation features a balcony.

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16. KI.KO Mykonos – Ornos

KI.KO Mykonos - Ornos
KI.KO Mykonos – Ornos

Situated in Ornos in the Mykonos region, KI.KO MYKONOS has a balcony. The air-conditioned accommodation is 3.8 km from Mýkonos City. The nearest airport is Mykonos, 3.9 km from the accommodation, and the property offers a paid airport shuttle service.

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17. Apollo Suite – Mykonos Town

Apollo Suite - Mykonos Town
Apollo Suite – Mykonos Town

Set in Mýkonos City, this air-conditioned studio apartment features free WiFi and a terrace. The apartment is 3.5 km from Nammos Mykonos and close to Matoyianni street. Mykonos Windmills is 400 m from Apollo Suite in Mykonos Town, while Little Venice is 400 m from the property. The nearest airport is Mykonos Airport, 2 km from the property.

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18. Naiada – Lia beach, Kalafatis, Mykonos

Naiada – Lia beach, Kalafatis, Mykonos

Set in Kalafatis, 11 km from Mýkonos City, Naiada offers a garden and free WiFi. The nearest airport is Mykonos, 12 km from the accommodation, and the property offers a paid airport shuttle service.

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19. Jason – Glastros, Mykonos

Jason - Glastros, Mykonos
Jason – Glastros, Mykonos

The budget friendly hotel in Mykonos Jason is situated in Glastros area, 1.8 km from the city of Mykonos and 1.2 km from the beaches Psarou and Platis Gialos. The Cycladic-style complex offers a peaceful atmosphere far from the bustle and hustle of Mykonos town, yet within easy reach. Free on-site parking is provided and free transfer from the airport and port can be arranged upon request.

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20. Antheia Suite – Ano Mera, Mykonos

Antheia Suite - Ano Mera, Mykonos
Antheia Suite – Ano Mera, Mykonos

Situated in Ano Mera, this air-conditioned minimally designed holiday home combines the traditional Mykonian architecture with luxurious details. It offers panoramic views over the Aegean Sea and Mykonos Island and it is 2 km away from Kalafatis Beach. Several beaches can be reached within a short drive. Ano Mera Village is 1 km away, while a supermarket, a bakery and a pharmacy can be reached within proximity. The cosmopolitan Mykonos Town is 7 km away. The nearest airport is Mykonos Airport, 5 km from Antheia Suite of Mykonos.

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