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One of the most glamorous locations in the Greek islands, Mykonos can be a rather expensive destination, especially when high season is in full swing. However, it is still possible to enjoy the perfect holiday in Mykonos on a budget. If you are planning to visit this little piece of paradise in the Cyclades without breaking the bank, here are some budget travel tips that should prove helpful.

Mykonos on a Budget: Travel Tips

  • Best time to visit Mykonos: If you are serious about spending less during your trip to Mykonos, you need to avoid visiting during the high season. Thus, spring and autumn are the best time to visit. There will be fewer crowds and you’ll be able to find the best Mykonos deals, both for flights and accommodation.
  • The best place to stay in Mykonos: the most expensive hotels are usually located in and around Mykonos town. So the further away you go, the better your chances of finding budget accommodation in Mykonos.
  • Saving on Food: finding cheap eats in Mykonos can be a challenge, but there are some good budget options around. Also, remember to always carry some water and snacks to avoid unnecessary expenses. That will make it easier on your budget for those times when you’ll want to splurge on a fancier dining option with a view.
  • Partying for less: drinking cocktails and partying can quickly deplete your budget. To lessen the burden, you could buy some drinks at the supermarket and drink before going out, drink local wines when dining out, and getting to the clubs before 2:00 am to pay a cheaper entrance fee.

Still, saving money on accommodation can have the greatest impact on keeping your budget in check. An even though finding good deals for places to stay in Mykonos is not easy, there are some 3-star (or less) properties that offer beautiful surroundings at reasonable prices. So you can enjoy the best that Mykonos has to offer for a fraction of the price. Just make sure to snag a good offer when you find one because most of the best value hotels get booked out early in the season.

Mykonos on a Budget

Where to Stay in Mykonos: The Top 10 Best Value Hotels

1. Aether Boutique Stay

Located in a quiet area just outside Mykonos Town, Aether Boutique Stay offers a different kind of experience. The hotel’s owners treat guests to the best of Greek hospitality, including a homemade traditional breakfast every morning, personalized recommendations about what to do on the island, and free pick-up service from the airport or port. This is a place where you will feel right at home as soon as you arrive.

Good to Know

The hotel is located about 15 minutes by foot from the main bus station in Mykonos town. Don’t forget to try the olive bread!

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2. Ibiscus Boutique Hotel

Featuring an amazing view of Mykonos town and the Aegean Sea, the Ibiscus Boutique Hotel offers guests a little oasis to enjoy their holidays. The rooms are clean, comfortable, and some offer access to a terrace with a hot tub. Plus, the staff is friendly and helpful.

Good to Know

There is a nice restaurant onsite that serves good and reasonably priced food. The hotel is located just a 2-minute walk from Fabrika Square.

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3. Ftelia Bay Hotel

With its recently renovated rooms and suites, the family-run  Ftelia Bay Hotel features spacious rooms with minimalist contemporary design and its own spa. Ftelia beach, a famous spot for windsurfing, is just 800m away.

Good to Know

This hotel is located 4km away from Mykonos town, so if you want to spend most of your time in town, it’s best to book somewhere else. There is free onsite parking.

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4. Zephyros Hotel

Overlooking stunning Paraga Beach, Zephyros Hotel boasts gorgeous panoramic views of the sea. Guests who choose to stay here enjoy a great location close to the beach, well-appointed rooms, and a beautiful area for relaxing after a day of exploring the island. If you are looking for 5-star amenities at 3-star prices, this is your place!

Good to Know

The hotel is located about 5 km away from Mykonos town. There is a bus stop right across the hotel with service every hour.

5. Carbonaki Hotel

Carbonaki Hotel is a family owned boutique hotel oozing with charming Greek hospitality and style. Located in a quiet but central area of Mykonos Town, this is a great spot for a rejuvenating holiday.

Good to Know

There are several restaurants within 5 – 10 minutes walking distance. Try to book well in advance as the hotel tends to be booked solid!

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6. Bellissimo Resort

With its friendly staff, modern services, and relaxed atmosphere, Bellissimo Resort is the ideal place to indulge in a well-deserved escapade. This hotel, within walking distance of two beautiful beaches, features two world-class restaurants. The room rates include breakfast.

Good to Know

This hotel is located a bit further away from Mykonos town, which is nice if you prefer a quiet stay. There is free parking available. Rooms on the ground floor feature a small sitting area.

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7. Portobello Boutique Hotel

Located not far from the beach and overlooking Mykonos’ port, the Portobello Boutique Hotel is a great choice if you want to be near all the action in Mykonos town. Here guests get to enjoy a delicious breakfast while soaking in the views. Plus, sunsets from the terrace are amazing!

Good to Know

The hotel is easily accessible from the road, so your taxi can drop you off right at their doorstep. It is recommended to get a room with a view to add an extra nice touch to your stay in Mykonos.

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Sunset views 😍

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8. A Hotel Mykonos

Set in a quiet countryside area just about a 15-minute walk from Mykonos Town, A Hotel Mykonos features impeccable design and super helpful staff. It is really no wonder why it keeps being rated as one of the top best value hotels in Mykonos.

Good to Know

There is a car rental service at the hotel that offers great deals. And they also offer free transfer service into town.

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9. Damianos Hotel

Perched on the hills of Mykonos, the Damianos Hotel offers stylish accommodations at great prices. This family-run hotel rarely leaves guests unimpressed by their friendly service. Plus, you’ll get to enjoy the sea view while sipping a cocktail at the bar on the terrace.

Good to Know

Walking into town takes about 15 minutes downhill, getting back is a little bit harder but it’s a nice way to burn calories!

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10. Alkyon Hotel

Featuring a fantastic infinity pool with views on the sea, the Alkyon Hotel is a lovely property located just a short walk from Mykonos Town. And if you don’t feel like walking uphill on your way back, the hotel offers a free shuttle service for your convenience. And even if you had to walk all the way up, rest assured that the views are worth it!

Good to Know

The hotel offers a shuttle service for an additional fee. There is also a poolside bar, so you can enjoy the beautiful view while drinking your favourite cocktail.

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As you can see there are more than just a few choices of cute places to stay in Mykonos offering boutique accommodations for just a fraction of what you’d pay elsewhere. If you are looking to enjoy the best of Mykonos on a budget, don’t delay and book your hotel soon!

Mykonos on a Budget: Best Places to Stay in Mykonos

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Have you been to Mykonos? Do you know any other hotels that offer great value for money? Leave us a comment, we’d love to know!


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