The Best Budget Hotels in Mykonos

Low-cost accommodation, from hostels to 3-star hotels

Mykonos isn’t cheap, but you don’t necessarily have to spend a fortune on accommodation. If you’re traveling as a group, you may share an apartment or villa, or you could simply choose one of the budget choices. There aren’t many on the island, and you often need to book as early as six months in advance, but here’s where you should be looking:

    Carbonaki Hotel, Mykonos

  • Carbonaki Hotel
  • This family-run hotel is rated three stars, so it isn’t the cheapest choice, but it does have “economy” and “budget” rooms. Despite the different sizes and price categories of the rooms, all are tastefully decorated, and the common areas have an attractive Cycladic style. It's located in the heart of Mykonos Town, with all kinds of places to eat in the surroundings.

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    La Maison Kalogera, Mykonos

  • La Maison Kalogera
  • There are just four rooms, including a triple and a family suite with one double bed and two sofa beds, so it’s a good choice for groups on a budget. Its location in the maze of Chora places you within walking distance of bakeries, cafés and restaurants. Rooms are simple, but each with its unique pieces of art.

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    Markos Beach Hotel, Mykonos

  • Markos Beach Hotel
  • This is as close as you get to a beach spot in Mykonos Town, and the restaurants and shops in the mostly-pedestrian center are about a 10-minute walk away. Rated one star, if offers “basic,” “budget,” and “economy” rooms, some of them with a kitchenette, and a few with a shared bathroom. Although the rooms are quite simple, some feature a charming nautically-themed décor. If you’re looking for a beach hotel without the high prices, this is it.

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    Matina Hotel, Mykonos

  • Matina Hotel
  • Well located in the heart of Mykonos Town, this hotel offers an exceptional service for its 2-star category. It’s just steps from the most popular shopping streets and restaurants, yet away from the noise, with its own relaxing garden. Staff is very welcoming, and offers a generous breakfast.

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    MyCocoon Hostel, Mykonos

  • MyCocoon Hostel
  • If your budget is really limited, you may have to sleep in a dorm. This design and futuristic hostel has an excellent central location, and offers an open-air bar with sun terrace and sea views. Bathrooms are shared, and some of the rooms have a balcony. Mini markets, shops, bars and restaurants are all just a few steps away.

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    Villa Pinelopi, Mykonos

  • Villa Pinelopi
  • It’s right in the heart of Mykonos Town, yet quiet. Surrounded by a garden, it’s a traditional Cycladic villa, with rooms with balconies or opening to a courtyard.

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