Discover the best cheap accommodation in Mykonos! Our comprehensive guide features 25 budget-friendly hotels, hostels, and guesthouses from €15/night.
Mykonos isn’t just for luxury travelers - you can find cheap accommodation Mykonos too. Despite its reputation, budget stays do exist: in fact, off-season hotel rooms average about €150 versus over €275 in summer. Hostels and guesthouses can be far cheaper, with beds in dorms starting around €15/night. By planning smartly and traveling in shoulder seasons, you can experience Mykonos without breaking the bank. This guide will show how to find affordable Mykonos stays (roughly €15-€75 per night) and still enjoy the island’s beaches, villages, and nightlife.
Quick Budget Facts:
Cheapest hostels: dorm beds from about €15/night (e.g. MyCocoon Hostel in Mykonos Town)
Budget hotels: roughly €30 - €75/night for small rooms or family-run inns
Book early: Aim 2-3 months ahead; prices surge in peak summer
Cheapest months: March, April, late October (shoulder season deals)
Top budget areas: Mykonos Town (Chora), Ano Mera village, Ornos and Platis Gialos beaches
Best Types of Cheap Accommodation in Mykonos
Budget Hostels (€15-€30/night)
Hostels in Mykonos make meeting other travelers easy and save a lot on lodging. MyCocoon Hostel (Chora) offers dorm beds from around €15, with common areas and two pool decks for a social stay. Another option is Artemoulas Studios near Platis Gialos: stylish studio rooms with kitchenettes, two pools, and a gym. Hostels typically include free Wi-Fi and AC, and many have self-catering kitchens. Booking tip: Choose hostels in Chora or near Fabrika bus station to cut transport costs, and look for flexible cancellation in case plans change.
Budget Hotels & Guesthouses (€30-€75/night)
Small hotels and guesthouses offer more privacy and often include breakfast. For example, Hotel Matina in Mykonos Town has a quiet garden setting and traditional Cycladic décor. Vencia Boutique Hotel (Chora) is a modern, family-run hotel with sea views and an infinity pool - yet often has rooms in the low-€70s. Makis Place (Agios Stefanos beach area) is another family-run hotel with free buffet breakfast and a complimentary airport shuttle. Galini Hotel (Lakka Square in town) is just steps from the bus station and famous windmills; it’s known for a peaceful, friendly atmosphere. Carbonaki Hotel sits in the heart of Chora: a small, family-run spot with free Wi-Fi, a hot tub, and a cocktail bar. All of these have basic comforts (private bath, AC, Wi-Fi) and help stretch your budget.
Apartment Rentals & Airbnbs (€25-€60/night)
Self-catering apartments can be economical, especially for groups or longer stays. Look for studios with kitchens so you can cook meals. Mykonos Town Suites offers apartments with fully equipped kitchens, dining areas, and free Wi-Fi - great for sharing costs. Bay Bees Sea View Suites near Platis Gialos is another apartment-style option: rooms have kitchenettes and private terraces overlooking the sea, plus free Wi-Fi. To snag deals on Airbnb or local rentals, book well in advance and compare platforms. Often splitting the cost among 3-4 travelers or staying a week unlocks discounts. A travel blog notes that staying outside high season and using Airbnb can save a bundle.
| Sample Budget Stay | Price (Night) | Area | Highlights |
|---|---|---|---|
| MyCocoon Hostel | from €15 | Mykonos Town | Dorm beds, social vibe, multiple pools |
| Hotel Matina | €40-€50 | Mykonos Town | Quiet garden, free Wi-Fi |
| Makis Place | €35-€70 | Ag. Stefanos | Family-run, free breakfast & shuttle |
| Acrogiali Beach Hotel | €50-€80 | Platis Gialos | Beachfront, free Wi-Fi, shuttle |
| Bay Bees Sea View | €60-€90 | Platis Gialos | Kitchenettes, sea views |
Best Budget-Friendly Areas to Stay in Mykonos
Mykonos Town (Chora)
Pros: The island’s hub; walk everywhere. Chora has all the shops, restaurants, bars and historic sites (windmills, Little Venice). Staying here means no taxi fares to town. Budget stays: Hotel Matina and Carbonaki (see above), and Fresh Boutique Hotel (central, great reviews) keep rates relatively low for Town. Rooms here run roughly €40-€80/night. Best for: First-time visitors, nightlife, those without a car. Because everything is within walking distance, you save on transport. (Public buses also start from the Fabrika terminal in Town for beaches.)
Ornos Beach Area
Pros: A family-friendly bay with a lovely sandy beach. Ornos has restaurants and regular buses into Town. Good for those who still want town access but prefer a beach setting. Budget stays: Deliades Hotel (4-star boutique on Ornos Bay) offers bright Cycladic rooms with bay views. Erato Hotel is a small waterfront inn just a few minutes from Ornos Beach; guests rave about its garden and sea-view terrace. These typically run €35-€70/night. Best for: Beach lovers and families who want easy beach access plus bus rides or short taxi trips to Chora.
Platis Gialos
Pros: One of the most popular organized beaches, with sunbed rentals, water sports, and frequent SeaBus links (water taxi) to the Old Port. Buses (Fabrika or Old Port stations) also run often. Budget stays: Acrogiali Beach Hotel is right on the sand of Platis Gialos. It provides free pickup from the ferry and free Wi-Fi. Petinos Beach Hotel is another beachfront option with free breakfast; guests note easy access to both the beach and public buses. Rooms here tend to cost about €45-€85/night. Best for: Beach enthusiasts and water-sport fans; you can walk to the organized beach or hop on the SeaBus for quick trips to Chora.
Ano Mera Village
Pros: An inland village offering the most authentic (and cheapest) Mykonos experience. It’s quiet and truly local - expect traditional tavernas and few tourists. Budget stays: Mostly guesthouses and simple rooms in and around the square. Rates are lowest here, around €25-€50/night for a basic double. Best for: Travelers on a very tight budget who want a cultural experience. You’ll need a rental car or scooter to reach beaches (about 10-15 min drive to nearby beaches). Alternatively, catch a rare bus.
Money-Saving Tips for Mykonos Accommodation
When to Book for Best Deals
Booking early pays off. Prices jump in high season; local guides say many travelers book at least 2-3 months ahead. For example, Kayak analysis suggests booking at least 62 days in advance for lowest rates. Peak summer (July-August) fares rise dramatically, so aim for spring or fall. As one budget guide notes, booking in advance and snapping up sale offers can shave euros off your stay.
Seasonal Pricing Strategy
Mykonos prices swing with the calendar. According to Kayak data, the cheapest hotel rates occur in March (around $136 avg.) and the priciest in December ($2,404 avg.). (Summer weekends push nightly rates to the roof.) The sweet spot for weather and savings is May, late June, September, and early October - warm enough to enjoy beaches but far fewer crowds and discounts abound. This aligns with travel-cost data showing off-season averages (€148) far below peak summer.
Booking Platform Tips
Compare multiple sites. Use global platforms like Booking.com, Hotels.com, and Airbnb to see standard rates. Also try local Greek sites (e.g. Greeka) or direct hotel websites, which sometimes run special deals. Always check if a hotel offers a cheaper rate for direct bookings. Some tour operators sell package deals (flight + hotel) that could save a bit. For Airbnbs and apartments, look for listings that offer weekly discounts or last-minute deals, but balance the risk of cancellation.
Budget Transportation to Your Accommodation
Airport to Accommodation
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KTEL Public Bus: Cheap and easy. The airport’s KTEL buses run to Fabrika Bus Station (Chora) for €3. From Fabrika you can transfer by bus or taxi to your hotel. Note: the bus accepts cash only and can get crowded.
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Shared Shuttle/Taxi: A shuttle taxi from the airport to Mykonos Town or New Port costs about €19. This can be split if you have travel buddies.
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Private Transfer: If you prefer convenience, pre-book a private transfer (roughly €30-€40) to your hotel, especially if arriving late.
Ferry Port to Accommodation
When you arrive by ferry at the New Port (Tourlos), you have similar options:
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SeaBus (Water Taxi): For about €2.50 (one-way), the SeaBus zips between the New Port and Old Port of Chora. It’s quick (10-15 min) and docks near taxis/buses.
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Public Bus: The KTEL bus from the New Port to Chora runs roughly every hour (summer only) and also costs €3.
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Taxi: A metered taxi from Tourlos to town is about €5-€10, depending on traffic. Pre-booking a shuttle van can sometimes be cheaper for groups.
What's Included: Budget Accommodation Amenities
Standard Inclusions
Most budget places still include key comforts: free Wi-Fi, air conditioning (essential in summer), and daily housekeeping. Many budget hotels include breakfast - often a simple buffet or continental spread. For example, Makis Place advertises a “delightful European continental buffet breakfast” every morning. Even in hostels, you can usually get basic linens and towels. Rooms might be small, but expect clean shared or private bathrooms.
Money-Saving Amenities to Look For
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Kitchen Facilities: Having a kitchenette (or communal kitchen in hostels) saves meal money. Apartments like Mykonos Town Suites boast fully equipped kitchens.
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Free Transfers: Some hotels (e.g. Makis Place) include free airport/ferry shuttles.
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Pools and Extras: Surprisingly, some budget hotels include pool access. For example, the beachfront Acrogiali Beach Hotel offers free sunbeds on its own beach.
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Amenities: Free parking (if you rent a car), beach towels, and airport pickup can add value. Weigh these perks when comparing rates.
Budget Accommodation by Travel Style
Solo Travelers & Backpackers
Hostels shine for solo visitors. A place like MyCocoon Hostel in Chora has dorm rooms and a social lounge - great for meeting other backpackers. Dorms save money, but you can usually pay a bit more for a private room if desired. Security lockers and 24/7 reception are common. Even walking around at night in Chora is generally safe, and hostels often organize group outings (boat parties, pub crawls) so solo travelers can make friends.
Couples on a Budget
Couples can find romantic touches at budget prices. Look for small hotels with private balconies and sea views. For example, Hotel Tagoo (family-run in Chora) offers neat rooms with terraces overlooking the water, often at bargain rates. Or Harmony Boutique Hotel near town has cozy double rooms around €60 with simple Greek décor. Many will offer services like packed picnic breakfasts or candlelit dinners to create a honeymoon vibe on a budget.
Families
Family rooms or connecting rooms are available at the budget end too. Makis Place has triple rooms and kids’ activities by the pool, plus a playground. Aeolos Resort (in nearby Agios Stefanos) is a family-oriented budget hotel with family rooms and a pool (it even appears on budget travel lists). Choosing an apartment also works: a one-bedroom flat with a kitchen (like those in Platis Gialos) can accommodate 4 with space to cook and store snacks. Kids eat free breakfasts at many budget hotels, and some smaller pools have shallow areas.
Groups
For groups of 4-8, renting a villa or apartment often beats multiple hotel rooms. Websites show villas by the week for large groups that can break down to €25-€50pp. Sharing a rental means a living room and kitchen for everyone. Some hostels also offer private multi-bed rooms that can fit a small group. Plus, group discounts may apply at hotels - always ask if a better rate is available for block bookings.
Free and Low-Cost Activities Near Budget Accommodations
Free Attractions
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Mykonos Windmills: Stroll the hill above Chora to see the famous 16th-century windmills overlooking Little Venice. It’s a classic photo spot and completely free.
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Little Venice: This waterfront district of Chora has colorful 18th-century houses built on the sea. It’s perfect at sunset - no entry fee required.
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Armenistis Lighthouse: On the north tip of the island (near Ano Mera), this red-and-white lighthouse overlooks wild shorelines and Delos. It’s free to walk around and offers incredible views of the Aegean.
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Village Wandering: Simply exploring traditional villages (Ano Mera’s central square with its monastery, or tiny Kalafatis) costs nothing. Check out local markets and tavernas to soak up island life.
Budget Beach Access
Mykonos has public beaches for everyone’s wallet. Free beaches like Agios Sostis (north of Chora) and Kapari (near Little Venice) are lovely spots with no entry fee. Public buses (€1.80 - €2.30 per trip) reach major beaches like Platis Gialos and Psarou easily. If you do rent sunbeds at private beach bars, expect around €25+ for two loungers and an umbrella - still cheaper than a full meal. Pro tip: late afternoon rates often drop. Also look for beach clubs that allow entrance with a small spend (some let you enter for €30 credit).
Common Mistakes to Avoid When Booking
Booking Pitfalls
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Last-Minute in Summer: Don’t wait until July or August; you’ll pay double or triple.
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Ignoring Cancellation Terms: Always check if the rate is non-refundable. For budget travel, flexible bookings can avoid pricey change fees.
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Location vs. Price: A cheaper hotel far from town might save on lodging but cost more on transport. Map your hotel relative to buses or attractions before booking.
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No Insurance: Skipping travel insurance can be costly if plans change - sometimes economy deals don’t allow refunds, and a single sneeze in Greece can turn into a hospital bill.
Hidden Costs to Watch
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Tourist Taxes/Resort Fees: Since 2018 Mykonos charges a small per-night tourist tax (usually €0.50-€4/night at budget hotels). Confirm if it’s included or extra.
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City Fees: Some fancy hotels tack on a “stay tax” or high-speed internet fee; always check the final price breakdown.
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Transport from Remote Spots: If you stay really off the beaten path (cheap rooms in far-flung villages), you might spend a lot on taxis or a rental car. Balance lodging savings against those costs.
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Meals: If your room has no kitchen, even if it’s cheap, eating out every meal can add up. Consider grocery shopping for one meal a day or picking a hotel with breakfast to cut food expenses.
Frequently Asked Questions
Q: What’s the absolutely cheapest accommodation in Mykonos?
A: Typically a hostel dorm bed. For example, MyCocoon Hostel in Mykonos Town lists dorm beds from about €14.86 per night (prices vary by season). Hostels can drop into the mid-teens per night, making them the island’s budget floor.
Q: When is the cheapest time to visit Mykonos?
A: Late winter and spring offer the lowest rates. Data shows March-April and late October have the lowest hotel prices. Even January can be cheap (though many places close). These months have mild weather, minimal crowds, and great deals.
Q: Is it better to stay in Mykonos Town or the beach areas on a budget?
A: Staying in Chora (Mykonos Town) is usually cheaper overall, because you save on taxi/bus fares. Town has many budget hotels and hostels, and most attractions (windmills, Little Venice) are within walking distance. Beach areas cost more to reach - but Ornos and Platis do have affordable options if beach time is a priority. For tight budgets, Chora is often the best value.
Q: How far in advance should I book Mykonos accommodation?
A: At least a couple of months, ideally 3 - 6 months, in advance. Booking 60 days ahead usually nets good prices. By spring you’ll see many places sell out. If you book too close to summer, only expensive options (or cancellations) remain.
Q: Are there budget options near the beaches?
A: Yes. In addition to town, Ornos Beach and Platis Gialos have relatively affordable hotels. For example, Deliades Hotel in Ornos and Acrogiali or Petinos in Platis Gialos offer decent rates with direct beach access. These let you enjoy the coast without paying luxury beach-club prices.
Conclusion
Mykonos on a budget is entirely possible with some planning. By booking well in advance and traveling in shoulder seasons, you can find cheap accommodation Mykonos without giving up the island experience. Whether you choose a social hostel in town, a family-run guesthouse near the beach, or an apartment in a village, you’ll uncover the authentic charm of the island while saving money. Start searching now and take advantage of those off-season rates. Your affordable Mykonos getaway awaits - get ready to explore the famous windmills, beaches, and nightlife without the hefty price tag!
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