The Best Cheap Hotels in Mykonos

Budget-Friendly and Affordable Places to Stay in Mykonos

Mykonos, Greece Mykonos, Greece

Mykonos, Greece is a vibrant destination with plenty of fun activities and attractions. If you're traveling on a budget, finding an affordable place to stay might be a challenge, though. But does Mykonos have cheap hotel rooms? Absolutely. With so many budget-friendly hotels and motels available, there is no need to break the bank for a comfortable and relaxing stay here. So, if you're looking for where to stay on a budget, or trying to figure out how to find cheap rooms in Mykonos, we've figured it out for you already. When looking for affordable places to stay, everyone should consider a variety of factors, including the price, but also the location, amenities, level of service, and guest ratings. While low prices are important, travelers should also consider the comfort and relaxation of the rooms, as well as the location of the hotel, which can greatly impact their experience in Mykonos. Some of the best budget-friendly hotels in Mykonos offer amenities such as pools, providing guests with a great place to cool off and unwind after a long day of exploring the city. When considering guest ratings, travelers should look for hotels with a proven track record of providing comfortable stays, while also being easy on the wallet. We've analyzed the best budget-friendly hotels and motels in Mykonos based not just on the prices, but also the locations, guest ratings, amenities, and nearby activities as described. So, below you'll see the results of our research, which includes the best values and great bargain hotels in Mykonos. Whether you're traveling solo or with a group, there are plenty of cheap stays available in Mykonos that will meet your needs and your budget. So, let's get to it: here's where to sleep cheap in Mykonos.

(Prices are listed in U.S. Dollars.)

Olia Hotel Mykonos Island

Mykonos Island, Greece
3-star Hotel with prices starting at $53 (before taxes) - See All Prices
A Great Low Cost Hotel
  • Great Value: the price is lower than average for 3-star hotels.
  • Family-Friendly
  • Outdoor pool

Located at Tourlos Bay Mykonos 84600, Olia Hotel Mykonos Island has great rooms from $53 (before taxes). It offers an outdoor pool, a pool bar, room service, a restaurant, and scuba diving. It has a terrific 8.60 rating out of 10 from previous guests who have stayed here. Only 2.1 km from the city center, budget travelers will especially love snorkeling, a bar, child care, laundry services, and pet-friendly rooms at this affordable hotel. The room service is especially nice after a long day. The price of this hotel is less than average for budget hotels, which makes it a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Bicycle rental
  • Family rooms
  • Air-conditioned
  • Refrigerator
  • Family-Friendly


A Hotel Mykonos

Mykonos Island, Greece
4-star Hotel with prices starting at $107 (before taxes) - See All Prices
A Very Affordable Hotel
  • Great Value: the price is lower than average for 4-star hotels.
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool
  • Heated pool

A great place to stay is A Hotel Mykonos which has nice rooms starting at $107. Offering an outdoor pool, room service, a restaurant, a fitness center, and scuba diving, it also has a great guest rating of 9.10 out of 10 from many previous guests. It's located at PO Box 237 Drakouri. This relaxing hotel is also nice because it offers snorkeling, a bar, breakfast, hiking, and mountain views which visitors will enjoy. Also, it's just 1.4 km from the city center. You'll love relaxing in the heated pool after a busy day exploring. It's also less than the average price for budget hotels, so it's a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Breakfast included
  • Kitchenette
  • Laundry service
  • Pets allowed
  • Hot tub
  • Game room
  • Bicycle rental
  • Family rooms
  • Heated pool
  • Air-conditioned
  • Refrigerator
  • Airport shuttle
  • Playground
  • Family-Friendly


Flaskos Studios

Mykonos Island, Greece
4-star Hotel with prices starting at $74 (before taxes) - See All Prices
A Terrific Cheap Hotel
  • Great Value: the price is lower than average for 4-star hotels.
  • High Quality: guest ratings are higher than average.
  • Beach
  • Family-Friendly
  • Outdoor pool

We found Flaskos Studios to be a great place to stay, and the price starts at $74. We loved that is has an outdoor pool, a pool bar, room service, a restaurant, and scuba diving, and it also has a terrific guest rating of 9.20 out of 10 from previous guests. It's located at Agios Stefanos. You'll also find snorkeling, a bar, hiking, child care, and laundry services which travelers will love. And this comfortable hotel is just 2.9 km from the center of town. The pool here was very nice, relaxing, and fun. It's a great value, too, because it's less than the average price for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Free parking
  • Laundry facilities
  • Beach
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Laundry service
  • Pets allowed
  • Hot tub
  • Bicycle rental
  • Family rooms
  • Air-conditioned
  • Refrigerator
  • Family-Friendly


Deliades Hotel

Mykonos Island, Greece
4-star Hotel with prices starting at $105 (before taxes) - See All Prices
A Nice Budget Stay
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
  • Outdoor pool

With terrific rooms from $105, Deliades Hotel, at Ornos Bay provides an outdoor pool, a pool bar, room service, a restaurant, and a fitness center. Its terrific guest rating is 8.70 out of 10 from previous guests staying here. Budget travelers will really like this budget-friendly hotel which also offers scuba diving, snorkeling, a bar, a kid-friendly buffet, and breakfast. It's located just 2.5 km from the city center, too. The service at the restaurant is terrific, and so is the food. It's a great value, as the price is less than the average for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Kid-friendly buffet
  • Breakfast included
  • Laundry service
  • Hot tub
  • Bicycle rental
  • Family rooms
  • Air-conditioned
  • Refrigerator
  • Family-Friendly


Mykonos Kosmoplaz Beach Resort Hotel

Mykonos Island, Greece
4-star Hotel with prices starting at $125 (before taxes) - See All Prices
One of the Best Deals in Mykonos
  • Great Value: the price is lower than average for 4-star hotels.
  • Beach
  • Outdoor pool

Mykonos Kosmoplaz Beach Resort Hotel has a great guest rating of 8.80 out of 10, and offers an outdoor pool, room service, a restaurant, a fitness center, and scuba diving. The great rooms here start at $125 before taxes and depending on the season. It can be found at Plati Yialos Beach. Furthermore, it also offers snorkeling, a bar, a kid-friendly buffet, breakfast, and child care, which is nice for visitors. Just 3.6 km from the city center, this low-cost hotel is a terrific choice. Everyone loves a good hot tub, and this one is really nice. We found the price of this hotel to be a great value because the price is less than average for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Beach
  • Budget
More Great Amenities
  • Restaurant
  • Fitness center
  • Bar/Lounge
  • Kid-friendly buffet
  • Breakfast included
  • Laundry service
  • Hot tub
  • Bicycle rental
  • Air-conditioned
  • Refrigerator
  • Airport shuttle
  • Playground


Poseidon Hotel Suites

Mykonos Island, Greece
4-star Hotel with prices starting at $115 (before taxes) - See All Prices
A Fantastic Bargain in Mykonos
  • Great Value: the price is lower than average for 4-star hotels.
  • Family-Friendly
  • Outdoor pool

The great guest rating of Poseidon Hotel Suites is 8.70 out of 10. This place has an outdoor pool, room service, a restaurant, a bar, and breakfast. Prices for the terrific rooms are from $115, and it's located at Vida. We also love the child care, laundry services, a free breakfast, pet-friendly rooms, and city views which are great for travelers. And since it's just 0.4 km from the center of the town, the location is great, too. The price of this hotel is less than average for budget hotels, which makes it a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Breakfast included
  • Laundry service
  • Pets allowed
  • Hot tub
  • Game room
  • Bicycle rental
  • Air-conditioned
  • Refrigerator
  • Family-Friendly


Despotiko Hotel

Mykonos Island, Greece
3-star Hotel with prices starting at $72 (before taxes) - See All Prices
Among the Best Values in Mykonos
  • Great Value: the price is lower than average for 3-star hotels.
  • Family-Friendly
  • Outdoor pool

A cool place is Despotiko Hotel because it has great rooms that start at $72. It has an outdoor pool, room service, breakfast, free parking, and car rentals, it also earned a great guest rating of 8.80 out of 10 from people who have stayed here before. It's found at Despotika, Town. Only 0.5 km from the city center, budget travelers will especially love laundry facilities, bicycle rental, a tour desk, a multi-lingual staff, and air-conditioning at this affordable hotel. It's also less than the average price for budget hotels, so it's a great value.

Budget Hotel Amenities
  • Outdoor pool
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Breakfast included
  • Bicycle rental
  • Air-conditioned
  • Family-Friendly


Ostraco Suites

Mykonos Island, Greece
4-star Hotel with prices starting at $115 (before taxes) - See All Prices
One of the Best Inexpensive Hotels in Mykonos
  • Great Value: the price is lower than average for 4-star hotels.
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool
  • Heated pool

Ostraco Suites offers an outdoor pool, room service, a restaurant, scuba diving, and snorkeling which we really like. The terrific rooms here start at $115 (before taxes). It's located at Drafaki and has earned a guest rating of 9.30/10. This relaxing hotel is also nice because it offers a bar, breakfast, child care, laundry services, and a free breakfast which visitors will enjoy. Also, it's just 1.1 km from the city center. It's a great value, too, because it's less than the average price for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Breakfast included
  • Laundry service
  • Pets allowed
  • Hot tub
  • Bicycle rental
  • Family rooms
  • Heated pool
  • Air-conditioned
  • Refrigerator
  • Family-Friendly


Hotel Madalena

Mykonos Island, Greece
3-star Hotel with prices starting at $106 (before taxes) - See All Prices
A Great Low Cost Hotel
  • Great Value: the price is lower than average for 3-star hotels.
  • Outdoor pool

Located at Mykonos City, City Center, Mykonos - Mykonos, Hotel Madalena has great rooms from $106 (before taxes). It offers an outdoor pool, room service, a restaurant, a bar, and breakfast. It has a terrific 8.80 rating out of 10 from previous guests who have stayed here. You'll also find child care, laundry services, a free breakfast, city views, and free parking which travelers will love. And this comfortable hotel is just 0.6 km from the center of town. It's a great value, as the price is less than the average for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Breakfast included
  • Laundry service
  • Bicycle rental
  • Family rooms
  • Air-conditioned
  • Refrigerator


Hermes Mykonos Hotel

Mykonos Island, Greece
4-star Hotel with prices starting at $115 (before taxes) - See All Prices
A Very Affordable Hotel
  • Great Value: the price is lower than average for 4-star hotels.
  • High Quality: guest ratings are higher than average.
  • Family-Friendly
  • Outdoor pool

A great place to stay is Hermes Mykonos Hotel which has nice rooms starting at $115. Offering an outdoor pool, a pool bar, room service, a restaurant, and a bar, it also has a great guest rating of 9.20 out of 10 from many previous guests. It's located at Mykonos Town. Budget travelers will really like this budget-friendly hotel which also offers a kid-friendly buffet, breakfast, mountain views, child care, and laundry services. It's located just 0.4 km from the city center, too. The pool bar here is a fun spot to relax while you unwind on your trip. We found the price of this hotel to be a great value because the price is less than average for budget hotels.

Budget Hotel Amenities
  • Outdoor pool
  • Free breakfast
  • Free parking
  • Laundry facilities
  • Budget
More Great Amenities
  • Restaurant
  • Bar/Lounge
  • Kid-friendly buffet
  • Breakfast included
  • Laundry service
  • Bicycle rental
  • Air-conditioned
  • Refrigerator
  • Family-Friendly


Also, take a look at the budget hotels in nearby destinations: Mykonos, Paros, Ios, Naxos Island, and Naxos.

For more terrific hotel ideas in Mykonos, make sure you also see Best Family-Friendly Hotels in Mykonos, Best Beach Hotels in Mykonos, Best Luxury Hotels in Mykonos, Best Pet-Friendly Hotels in Mykonos, Best Hotels for First Time Visitors in Mykonos, Best Hotels for a Weekend Getaway in Mykonos, Best Hotels for One Week in Mykonos, Best Hotels for One Night in Mykonos, Best Romantic Hotels for Couples in Mykonos, Best Adults Only Hotels in Mykonos, Best Party Hotels in Mykonos, Best Hotels for Scuba Diving in Mykonos, or Best Business Hotels in Mykonos.


Is it expensive to spend the night in Mykonos?

Mykonos Average Budget Hotel Price
$168

Travelers to Mykonos, Greece will have a large number of terrific budget accommodation options with a variety of great prices. The price of budget hotels here can vary by amenities, dates, and the neighborhood. Based on thorough data from 65 budget hotels, their average price is a very reasonable $168. If you're interested in more information about hotels here, see our guide to hotel prices in Mykonos.

The average prices of our suggested budget hotels by star rating:

  • 5-star hotels: $246
  • 4-star hotels: $138
  • 3-star hotels: $123
  • 2-star hotels: $92


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