19 Affordable Places To Stay In Mykonos - Updated 2024

Marilia
Marilia 
Updated
| 6 min read

Well, Mykonos is a beautiful and popular island in the Aegean sea and it has a spot on most travelers’ bucket lists. But truth is that it is by far one of the most expensive destinations in Europe. But you should not worry about a thing because here we have chosen for you the best places to stay in Mykonos. This way you can save money for that cocktail at the beach without blowing your bank account while you make appearances among Greek celebrities and enjoy world-renowned DJs.

We handpicked these listings carefully, considering (wherever possible) Superhost status, recent guest reviews, location, accommodation type, prices, availability of dates, decor, and amenities. The image galleries get refreshed with the latest updates regularly. They were last updated on February 07, 2024.

1. Traditional yet modern unit near the windmills (from USD 226)

Featuring Cycladic architecture, this accommodation is the perfect compromise between traditional and modern convenience. Just seeing its color is already screaming the vibe of Mykonos so what more if you catch a glimpse of the iconic alleys from its private balcony? The location is central so accessing public transport, shops, bars, and even the popular windmills will be a breeze.

During your ideal days, you can simply recline in the comfortable furnishings maximizing the use of the flat-screen TV and complimentary WiFi. There is also a full kitchen where you can rustle up your delectable recipes when hunger pangs strike. With air-conditioning and a travel crib provided, the unit makes itself more convenient.

Stayed at this property?
Mikonos, Greece
4.49 km (2.8 mi) from Paradise Beach
108 reviews   Superhost Wifi Available
Cycladic home 3 Beds 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4

Top guest reviews
Amenities & Room:
plenty of space in the kitchen and in general worth’s it’s value
cozy studio in excellent location with a pretty balcony overlooking one of the narrow streets of mykonos
Cleanliness:
the flat was cleaned daily and we had amazing communication
the place was very clean and cosy which helped us to have a comfortable night
the airbnb is extremely well located and the flat was clean and had everything i needed
good location clean flexible and welcoming host
Host:
the hosts are friendly and nice
great hosts who were the most helpful
the hosts are also very communicative and willing to help
izabela (the host) was friendly nice and helped us very quickly with all questions
a very welcoming host that does whatever it takes to make you comfertable
Location:
the location is great and very central to everything
the location is great too
the location is also very good
excellent apartment and very central location
amazing location as it’s in the centre and walking distance to old port and beautiful scenic streets and stores
Read more reviews

2. Small studio with a convenient location (from USD 91)

This small studio apartment is a nod to solo travelers or couples on the lookout for a cozy hideaway. It readily comes with the comforts of a plush double-size bed in a private bedroom for recharging overnight. Apart from air-conditioning, the space is also fitted with complimentary WiFi and TV to cater to your viewing and browsing pleasures. New parents arriving with their toddler can also take advantage of the available travel crib.

While it’s not highly luxurious in terms of amenities, a strategic location is not something you will find lacking in the rental. It enjoys a spot in town where breakfast spots and restaurants, a supermarket, nightlife, and more are only a short stroll away.

Stayed at this property?
Mikonos, Greece
4.41 km (2.8 mi) from Paradise Beach
108 reviews   Superhost Wifi Available
ENTIRE CONDO 1 Bed 2 Guests 1 Bathroom

Accommodates: 2

Top guest reviews
Amenities & Room:
powerful shower and air conditioning
the bed was very comfortable and came well equipped with coffee and a tv (with netflix)
clean comfortable good air conditioning and literally right in the thick of the city
the tv is nice and we were able to binge some netflix while we were there
Cleanliness:
clean place easy access and quick communication
the apartment is clean and well presented
the studio was clean and the hostess friendly
it was clean comfortable and an overall place
the place is clean and as presented in the pictures and the announcement
Host:
great place and great host
excellent stay hospitable and impeccable host
the host is great and the place has everything you need
the hosts were lovely marilena explained everything well and was there to help with any questions
marilena was a great host the apartment exceeded our expectations and so did her hospitality
Location:
perfect location very cute appartement
the location is perfect
the location was perfect and within walking distance to many great restaurants and the bus stop
great place near little venice
amazing apartment in a great location
Read more reviews

3. Sleek accommodation with a loft (from USD 87)

A sleek ambiance complemented with a unique layout lends this retreat a refined modern look. It is a loft-style accommodation that is able to welcome any small families and groups of friends. The unit also comes with the conveniences of a typical home including a lounge space and a private bathroom. Make your way upstairs if you feel like catching a flick on the flat-screen TV or dozing off in a cozy bed. The equipped kitchen is at your disposal when sampling some of your delicious recipes.

A cozy home no matter the weather, the unit provides that extra level of ease with its air-conditioning and heating. Complimentary WiFi and luggage dropoff make this rental more worthy of its price tag.

Stayed at this property?
Mikonos, Greece
4.6 km (2.9 mi) from Paradise Beach
223 reviews   Superhost Wifi Available
ENTIRE RENTAL UNIT 2 Beds 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4

Top guest reviews
Amenities & Room:
this apartment was so great and fit 4 snuggly
the apt is very ideal for 1-4 people
Cleanliness:
very clean and comfortable
the space is very clean and spacious
it is cozy and was very clean upon arrival
the place itself was very clean and in a great area
the apartment itself was also on a quiet street clean and comfortable
Host:
our host was very polite and helpful
the host was super helpful and nice
nick was an excellent host
our host was great and responded quickly
nick was a great host and always responded immediately
Location:
perfect location and only a few minutes walk to all of the chora
beautiful apartment in a great location in the heart of town
easy access to other spots on the island by bus taxi or rental
perfect location on a quiet street two blocks off the main square
apartment is very good and located at the right place near old town of mykonos
Read more reviews

4. Little gem in the countryside (from USD 217)

The countryside of Mykonos is also a worthwhile destination to explore. So if you are inclined to dwellings away from the crowd, this little gem could be the perfect holiday home. It is perched on a hill and is a great vantage point for priceless views of a leafy garden, sea, and Mykonos town. Indoors, you’re bound to enjoy contemporary fittings such as air-conditioning, TV, and WiFi. Whipping up simple meals is possible in the rental’s basic kitchen.

Note that the property is about 2.5 kilometers (1.55 miles) from the town center and a mode of private transport is recommended to reach it. Your hosts would love to extend a hand with your vehicle needs.

Stayed at this property?
Mikonos, Greece
5.74 km (3.6 mi) from Paradise Beach
60 reviews   Wifi Available
Entire guesthouse 1 Bed 2 Guests 1 Bedroom 1 Bathroom

Accommodates: 2

Top guest reviews
Amenities & Room:
very comfortable with a patio that was so comfortable it feels like home
pretty small clean room and lovely view thank you
outdoor area outside the room was lovely
Cleanliness:
the room had everything we could need and was clean and beautiful
the bed was very comfy the apartment is very cozy clean and well decorated nice sea views also
i felt good because the beddings were so clean
Host:
the hosts are amazing people
elsa is a great host
elsa the owner was very helpful letting us check out later
dino and elsa were the best hosts ever
elsa is an amazing host and makes sure you feel comfortable in here place
Location:
the location is excellent and very close to the port and many beautiful beaches
beautiful place in a quiet area anyway the city center is only a few minutes away by car
so from house to old port (like a downtown) i walked pretty well
easy to find close from the town and new port great sunset safe spot
the walk is lovely
Read more reviews

5. Maganos Frangiska Apartment

If you want all the luxury without paying the high price, then Maganos Frangiska Apartment is the right place for you. Here you can enjoy all the amenities of Maganos Complex, a giant swimming pool, access to the beach on foot and breakfast and lunch included in the price. And if you have children they get to join you in the room for free, because the sofa turns into a double bed as well.

Stayed at this property?
Mykonos, Aegean Sea, Greece
485 meters (0.4 ft) from Paradise Beach
99 reviews   Wifi Available
ENTIRE RENTAL UNIT 3 Beds 4 Guests 1 Bedroom 1 Bathrooms

Accommodates: 4

Top guest reviews
Amenities & Room:
we were in apartment 2 which has a lovely big balcony with a sea view
the place has amazing views and the rooms are comfortable
the stunning views from the room and our apartment host anna made the trip complete
the views from the room and pool are beautiful as they look out over a small beach
the pool is clean with lots of chairs to lounge in the sun or sit in the shade
Cleanliness:
the apartment was very clean and they serviced it every day
the rooms were clean and spacious
rooms were lovely and spacious cleaned daily
the appartment and surroundings are clean ans well maintained
housekeeping and clean towels are provided daily
Host:
the host was perfect on emailing directions as well
also the owner was so lovely caring and helpful
she was such a wonderful and friendly host
anna is a wonderful host and a fantastic cook
anna and fragiska are the perfect hosts
Location:
the location is just perfect
a great location lovely pool
the location was isolated but a 5 minute walk from paranga and a couple cool restaurants
the location is just a short walk from some of the best beach clubs
the location was perfect for a getaway but yet so close the city and night life
Read more reviews

6. Filoxenia Apartments (from USD 74)

Those simple and beautiful apartments are located only 100 meters (330 feet) from the beach. They are around 40 square meters (400 square feet) and they have a living room, bedroom, and a small kitchen all the basic amenities you will probably need during your stay. There is also a parking lot and a small balcony where you can sip your morning juice before you get your swimwear on and jump on the waves.

Stayed at this property?
Ornos, Egeo, Greece
3.35 km (2.1 mi) from Paradise Beach
112 reviews   Superhost Wifi Available
ENTIRE RENTAL UNIT 4 Beds 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4

Top guest reviews
Amenities & Room:
the rooms were clean and all of the amenities were sufficient
great background music is played by the taverns at a very comfortable volume
we would highly recommend filoxenia apts
we had a great stay at filoxenia apartments
Cleanliness:
the apartment was clean and spacious
this place is super clean and beautiful
the room was very clean and well decorated
daily cleaning with replacement towels was great with a 1-year old
someone comes in to clean the rooms every morning which is super nice
Host:
the owner and employees are very nice and helpful
great place to stay with the coolest host
completely satisfied the place was much better than in the pictures and the host were very careful
this place was nice and marina was a very responsive and communicative host
super helpful & friendly
Location:
the location is superb
the location is also amazing
great location by the beach and the bus stop into town
loved the proximity to the beach and close to the bus stop that took us in to town
the location is also amazing - 5min away walk distance from ornos beach which has loads of restaurants
Read more reviews

7. Luxurious studio with pool in Mykonos town

Don’t know where to stay in Mykonos? Between Mykonos town and the famous beaches of Platis Gialos & Psarrou, you will find the Amaryllis Stylish Studios complex in Glastros area, only a 20-minute walk from the town. Here, you will not only find a sparkling clean studio but you will be able to enjoy the pool, the hot tub and the other amenities the studios share. The rooms have recently been renovated and the staff is extra friendly.

Stayed at this property?
Glastros, Mykonos Island, Greece
3.14 km (2.0 mi) from Paradise Beach
108 reviews   Superhost Wifi Available
Entire serviced apartment 2 Beds 2 Guests 2 Bedrooms 1 Bathroom

Accommodates: 2

Top guest reviews
Amenities & Room:
pool was great with a lovely view
wifi was good and so was the location
beds are stiff and slightly uncomfortable but overall a great place to stay and great value for mykonos
the pool and jacuzzi are great as well and much nicer then some of the more expensive hotels
lovely pool and spa area nice private patio as well as good location
Cleanliness:
the place is very clean and your room gets cleaned everyday
the room is clean and comfortable
it was very nice they cleaned the room every day
the apartment is very clean and spacious
the studio was very clean
Host:
great hospitalityhighly pleased with the staff
the host was great too
people were friendly and helpful
she was a great host that made our trip to mykonos so enjoyable
amaryllis is a wonderful host
Location:
the location close to suoermarket and it near beautiful beach
good location short ride from the town and short drive to paradise beach
the bus is really easy to use and stops right near mario's
bus stop across the street along with perfectly stocked grocery store
a fantastic location for everything you need a bus to the beach and to the main town
Read more reviews

8. Beachside studios in Agia Anna Paragka (from USD 257)

If you want to enjoy Mykonos without all the hustle and bustle, those beautiful studios that are located in front of the beach are exactly what you are seeking. They are located between Paraga, Paradise and Platis Gialos and you can access all those beaches on foot. Here you can actually relax and choose the party time yourself. There is also free transport to and from the airport.

Stayed at this property?
Mykonos, Egeo, Greece
664 meters (0.5 ft) from Paradise Beach
111 reviews   Superhost Wifi Available
Room in boutique hotel 3 Beds 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4

Top guest reviews
Amenities & Room:
great family vibe wifi capabilities were limited but due to renovations
wifi was strong bed was comfortable and the fridge was cold
the room itself was clean good air conditioning system and had everything we needed
the apartment has a comfortable bed bathroom wifi and we were provided with a baby cot
the room was good and we had a very new bathroom which was nice too
Cleanliness:
great place and very clean
the room was clean modern spacious
our room was large cleaned every day with fresh towels
the room was very basic and a little small but clean and comfortable
the hotel was also very clean
Host:
people friendly and helpful
they were very helpful to give us advice and answer any questions we had about our visit
everybody was incredibly accommodating and friendly
everyone in the staff was sooo friendly highly recommend
great people very kind
Location:
paradise beach also within walking distance
very nice location close to super paradise and paradise beach
the location was also great
the location is great - steps away from the beach
great location on the beach
Read more reviews

9. Star of the Sea

In the heart of Mykonos sits the beautiful Star of the Sea, a Cycladic one-bedroom home with a mesmerizing view of the sea. While the house can accommodate up to five people, we highly recommend it for couples who want to spend their romantic getaway in a quiet part of Mykonos. A hot tub and two sunbeds are located on the rooftop, perfect for lounging under the sun or popping a bottle of champagne at night while soaked in the tub.

Stayed at this property?
Mikonos town, Mykonos, Greece
4.56 km (2.9 mi) from Paradise Beach
72 reviews   Wifi Available
Cycladic home 3 Beds 5 Guests 1 Bedroom 1 Bathroom

Accommodates: 5

Top guest reviews
Location:
great location and super helpful host
Read more reviews

10. Villa Eleni (from USD 211)

Groups of up to six people who are looking for a prime place to stay in Mykonos that won’t burn a hole in their pockets will find Villa Eleni at the top of their list. This three-bedroom Cycladic house is just a few steps away from Agios Stefanos Beach. With a fully furnished kitchen and barbecue facilities, you may even want to save some more money and cook your own food. This Airbnb home hosted by George is one of the best rentals in Mykonos; don’t miss out on such a worthwhile deal!

Stayed at this property?
Agios Stefanos, Greece
7.35 km (4.6 mi) from Paradise Beach
154 reviews   Superhost Wifi Available
Cycladic home 6 Beds 7 Guests 3 Bedrooms 3 Bathrooms

Accommodates: 7

Top guest reviews
Amenities & Room:
the upstairs is the living room which has a beautiful view of the sea
the apartment is as described and the view is amazing i recommend
apartment it's simply fantastic you can enjoy an amazing view fro the terrace
Host:
george is a amazing host
george is a great host
george is a great host who has passion for for hosting
he is friendly and full of suggestions for a great stay in mykonos
last but not least perfect host
Location:
this place will perfectly fits with big family
really outstanding property - can't think of a better location on the island
the best location to go with friends and we are looking forward to come back
the apartment is situated very close to a beautiful beach we wished we could have stayed there longer
it's very easy to recommend him and the place
Read more reviews

11. Eleanna's (from USD 43)

Right in the middle of beautiful Mykonos is Eleanna’s, a budget guest house that is ideal for travelers of all kinds, especially backpackers. The property is close to most of the restaurants, shops, bars, and of course, nightlife. If you aren’t too particular on other lodging aspects besides a comfortable bed, you’ll feel right at home at Eleanna’s. You will be able to find the hidden gems in town even on foot due to the house’s location. Some of the best walkable attractions are Little Venice, Mykonos Windmills, and Mykonos Old Port.

Stayed at this property?

Eleanna's Mykonos

Wifi Available

Address: Mykonos City
4.6 km (2.9 mi) from Paradise Beach

Non-smoking rooms Airport shuttle Family rooms Ironing service Internet services Safety deposit box Soundproof rooms Heating

12. Evangelia's Place (from USD 97)

This apartment hotel offers simple but comfortable accommodation very close to the beach. It is definitely not luxurious but it is as good as it can get for the cheap price offered. Additionally, there is a pool on the roof where you can enjoy breathtaking sunsets of the beach. It is located only a short walk from the beaches of Ornos and Agios Ioannis so you can be there in no time.

Stayed at this property?

Evagelia's Place

Address: Main Street
3.89 km (2.5 mi) from Paradise Beach

13. Pension Alexandra (from USD 95)

Pension Alexandra, one of the best hotels to stay in Mykonos, is a simple pension with a whitewashed Cycladic style building, simple and clean Aegean style furniture and all the amenities you will ever need. The rooms are air conditioned and there are free WiFi and a TV. If you are in the mood to chill with some people there is a rooftop with sunbeds for you to get your tan on. And the secret hint is that this great hotel offers free transfers to and from the airport.

Stayed at this property?

Pension Alexandra

Wifi Available

Address: Tourlos Mykonou
5.96 km (3.8 mi) from Paradise Beach

Terrace Non-smoking rooms Airport shuttle Laundry Skiing Family rooms Ironing service Internet services

14. Marina Blue Ornos (from USD 61)

Just a 10-minute walk from Ornos Beach is Marina Blue Ornos, a highly rated guest house that has modest units for budget travelers. Basic toilet amenities, as well as entertainment provisions like a flat-screen television and free Wi-Fi, are available at the property. The units are centrally located in Ornos and are close to taverns and shops. The closest attractions include Nammos Mykonos, Fabrica Square, and Mykonos Windmills. While parties and events are not allowed on-site, the relaxed nightlife scene of Ornos is just a short walk away.

Stayed at this property?

Marina Blue Ornos

Wifi Available

Address: Ornos
3.07 km (2.0 mi) from Paradise Beach

Parking Free parking Internet services WiFi Available Free WiFi Non-smoking throughout Air conditioning Daily housekeeping

15. Unique Mykonos apartment (from USD 118)

Here you can draw yourself into tasteful whites with only a few decorative touches of color. Mykonos unique apartment will definitely offer you a completely unique experience regarding the tastefulness of the interiors. The apartments have a double bed and a sofa bed as well as a balcony and they are located only 900 meters (3,000 feet) away from the Old Port of Mykonos.

Stayed at this property?

Mykonos Unique Apartment

Wifi Available

Address: Epar.Od. Mikonou-Ano Merias
4.18 km (2.6 mi) from Paradise Beach

Terrace Non-smoking rooms Family rooms Internet services Safety deposit box Soundproof rooms Car hire Tour desk

16. Mykonos Le Grand Bleu Beachfront Suite

Mykonos Le Grand Bleu Beachfront Suite is the kind of place that you won’t believe is so affordable by its location and appearance alone. The one-bedroom house is right in between Paraga Beach and Psarou Beach. There are upscale beach clubs nearby, like Scorpios and Nammos, where you can truly feel like royalty. If you wish to experience other activities, you could arrange tours like wine tasting, boat excursions to Delos-Santorini, or sailing and yachting to the south beaches of Mykonos.

Stayed at this property?
Platis Gialos , Mykonos, Greece
865 meters (0.6 ft) from Paradise Beach
52 reviews   Superhost Wifi Available
ENTIRE HOME 4 Beds 4 Guests 1 Bedroom 1 Bathroom

Accommodates: 4

Top guest reviews
Amenities & Room:
the place was clean quiet comfortable for 4 people and the view was just gorgeous
great space great location the house was clean comfortable and had stunning views
Cleanliness:
clean and very comfortable
sparkling clean place has amazing views
the space was stylish and clean
cosy and clean place with wonderful view
Host:
host is great with local advice and quick responses
very helpful & responsive host
yiannis was a great host he was quick to reply and very accommodating
this place was absolutely lovely the hosts were amazing and very quick at responding
and to top it off the host yiannis is so lovely wonderful and caring
Location:
the location can’t be beat just a short walk to platis gialos along a beautiful path
we loved our stay place and location was perfect
this place was just magical the location is better than you can imagine
great location very accommodating hosts
location was great close walking to some of the most popular clubs and other amenities
Read more reviews

17. Liana Rooms (from USD 162)

Located in the heart of Mykonos City, Liana Rooms offer simple and clean accommodation in spartan rooms for a very low price. It might not look like much, but with such a low price you can definitely have that extra cocktail you have been craving. The rooms are only 200 meters (660 feet) away from the beach and they have WiFi and air conditioning.

Stayed at this property?

Liana sunset

Wifi Available

Address: Mykonos City
4.43 km (2.8 mi) from Paradise Beach

Parking Laundry Internet services WiFi Available Free WiFi Air conditioning WiFi available in all areas Invoice provided

18. Christina Studios (from USD 280)

Only 3 minutes away from the beach and 100 meters (330 feet) from Tinos Town, these beautiful studios are decorated in simple Aegean style. From here you can explore Mykonos port and the old town. The rooms have WiFi and they are both quiet and spacious, making them the perfect central location for any vacationer. Christina Studios is one of the best places to stay in Mykonos on a budget.

Stayed at this property?

Christina Studios

Wifi Available

Address: Meletopoulou 7
4.69 km (3.0 mi) from Paradise Beach

Garden Terrace Non-smoking rooms Internet services Express check-in/check-out Safety deposit box Chapel/shrine WiFi Available

19. Beautiful Airbnb studio

If you want to stay in a design Airbnb location and feel really pampered up, between gorgeous designer furniture, then this is the place for you. This gorgeous studio in Fanari is quiet and incredibly atmospheric. There is a pool that you should kill for where you will be able to enjoy the sunset of a lifetime.

Stayed at this property?

8.79 km (5.5 mi) from Paradise Beach
52 reviews  
Cycladic house 2 Beds 4 Guests

Mykonos: Glamorous Aegean lifestyle on the cheap

Mykonos is a place with plenty of things to do, as well as water sports and activities. Some call Mykonos the Switzerland of Greece because of the high prices not only in accommodation but in drinks and food. However here is the proof that you can enjoy Mykonos even on a budget without necessarily sacrificing your comfort. With these cheap accommodations in Mykonos, you will be able to spend the rest of your money in cocktails, mussels, shots, champagne, and parties or even designer clothing.

Stayed at this property?
Any must-sees we missed? Tell us about them in the comments section or write a post here to help out fellow travelers!
Disclosure: Trip101 selects the listings in our articles independently. Some of the listings in this article contain affiliate links.

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Marilia Kaisar is a multidisciplinary storyteller from Greece. She identifies as a traveler, an artist, a writer, a journalist or an architect according to the circumstances. She is currently...Read more

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