Mykonos is not a cheap place for holidays, but these decent and clean places won’t break your bank this year. This is a list of the best cheap hotels in Mykonos. Budget Hotels in Mykonos are indeed a reality, but you have to search carefully to find them either in Mykonos Town or elsewhere.

BUT ALSO CHECK:
I’m not going to lie to you: Mykonos is an expensive place for holidays, and it becomes even more expensive during the hot season of June-July-August-September.
So, get prepared for high prices on everything (food and drinks, and even sunbeds included in that statement). If you want to bring the prices down, you must visit the island in May or October, if possible.Do not expect 5 star hospitality or amazing views, even if you are paying a 2 figures sum for a night (up to 99 euros) in these cheap hotels in Mykonos. Remember, that you are looking for one of the hottest destinations in Europe (not to say in the world…), so as I said before: you are basically paying for the fact that you are in Mykonos. Please accept that and move on…
Where to Stay in Mykonos
Best Hotels in Mykonos
Best Beach Hotels in Mykonos
Best Things to Do in Mykonos
- Best Cheap Hotel in Mykonos: Hotel Spanelis
- How to have cheap holidays in Mykonos: go off season…meaning any month outside of June-July-August-September and preferably October or May as these are the months where you would still be able to swim in the sea or find some early season (May) or late season (October) offers
- Best Cheap Hotel in Mykonos Town: Hotel Gorgona
- Best Cheap Hotel in Paradise Beach: Akrogiali
- Best Cheap Romantic Hotel in Mykonos: Mykonos Beach Hotel
RECOMMENDED WEBSITES FOR GREECE:
🛏️ Booking.comis the website with the most available rooms and Private Villas in Athens, Santorini , Mykonos & Crete (more than Airbnb!)
⛴️ Ferryhopper is the best website to book your ferry tickets or check the timetables for Santorini, Mykonos , Crete & all Greek islands
🎫 Get Your Guide has the best and largest variety of Tours in Athens and the Greek islands (Santorini, Mykonos, Crete etc)
✈️ Booking.com Flights has all the available flights to and from the Greek islands
🚕 Book Your Driver (Taxi) directly with booking.com’s large and safe platform of available certified drivers
So…without further ado, let’s see the Best Cheap Hotels in Mykonos island :
1. Divers House

Divers House is located in the quiet area of Agrari (yes, you need a car to go there), but it offers excellent, clean rooms and a super friendly owner who would do his best to make sure you have a lovely stay. Overall, a great option if you don’t want to break the bank!
CHECK PRICES AND AVAILABILITY>>
2. Hotel Spanelis
Hotel Spanelis is hands down the best cheap hotel in Mykonos without compromising on cleanliness, care of the owners, and a yummy breakfast. Yes, you won’t find stunning views for your Instagram stories, but you will have a family-run hotel with awesome reviews from people who have visited. This is one of the best cheap hotels in Mykonos.
3. Argo Hotel

Argo Hotel is located on Platis Yialos beach, and it has one of the best breakfasts on the island, though it is still on the budget side. It is probably slightly more expensive than the rest of the hotels on this list, but if you can afford an upgrade. There is also a souvlaki shop in the hotel!
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4. Ioanna’s House
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5. Gryparis Club Apartments
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6. Sofia Village
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7. Ethereal Apartments
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8. Flora’s House
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9. Mykonian Studios
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CONCLUSION
As I said in the intro of this post, these are all very good choices if you don’t want to spend thousands on your Mykonos holidays. You can stay in all of these cheap hotels and still have a great time without breaking the bank. The best thing you can actually do is to visit Mykonos on any other month outside of June, July, August, and September, as prices do get significantly lower outside of those months.
Bear in mind though that there are some cheap hotels in Santorinitoo. Another tip is that you can actually stay at a budget hotel but then visit one of the Mykonos luxurious hotels to spend your day at their swimming pool with a drink (and set your Instagram stories on fire!).