The Best Hotels in Mykonos for Every Budget

Updated: July 27, 2026

Whether you’re planning a romantic Greek island break, a trip with mates or an escape on a on a budget, Mykonos has accommodation to suit every type of traveller.

Yes it has a reputation for being expensive, but you can find Mykonos accommodation at all price points, from luxury resorts overlooking the Aegean to affordable stays near Mykonos Town.

Here’s my pick of the best hotels in Mykonos for every budget.

Chelsea in Mykonos, Cyclades, Greece
Chelsea in Boho Suites, Mykonos

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The Best Hotels in Mykonos for Every Budget

Mykonos hotels and accommodation can be very affordable if you’re travelling off peak or in the shoulder season, but come the summer, even the ‘budget’ stays can get out of hand! So, keep this in mind as you browse for your accommodation.

The Best Hostels in Mykonos

MyCocoon Hostel

MyCocoon Hostel isn’t rated as highly as the spots we’d usually feature, but it’s a strong choice for solo travellers or anyone keen to meet people. It’s just that hostel options in Mykonos are rather thin on the ground.

It’s in an ideal location in Mykonos Town, so you’re well placed for wandering the whitewashed streets and making the most of the Little Venice buzz. The dorms are even quite stylish, with curved niches for the bunks in the traditional island style. And there’s a pool!

It’s one of the only places on the island that offers stays under £70 for a bed throughout the whole year – although we do hate to see that sharp rise in price in the peak month of August – ouch!

Dorm beds start at around £24 per night

The Best Budget Hotels in Mykonos

Maria Eleni Guest House

Maria Eleni guesthouse is a strong budget contender for your Mykonos stay. It’s not a hostel in the sense you can book a dorm bed, but the rooms are functional and reasonably priced.

This spot is in a top location – a few hundred metres from the Mykonos windmills and Little Venice. Double and triple rooms are available; they’re basic but clean with a fridge, tea and coffee facilities and an ensuite.

Rooms start at around £48 per night

Anais

Anais is a budget-friendly choice about a 15-minute walk from Mykonos Town – perfect if you want to be close to the action.

You can stay for as little as £40 in low season – just bear in mind that as with everywhere on the island, prices shoot up in summer. We’re talking £150 per night at least, which depressingly is even quite a good price compared to everything else!

Rooms here are simple with white walls and wooden furniture, and a balcony or terrace. All rooms have a fridge, but choose a room with a kitchenette if you want to prepare some meals. You can walk to the closest supermarket in about 5 minutes.

Guests rave about the charming vibes and hosts Marietta and Manolis who are on hand with recommendations to help make your stay memorable.

Rooms start at around £40 per night

Galini Hotel

Galini Hotel is proof that a one-star rating does not automatically mean you have to abandon all hope of a nice place!

This is no-frills, sure, but it’s a cute little property right in Mykonos Town – just a few hundred metres from the closest beach and the port. You won’t find a pool or pampering vibes, but somewhere practical that serves as a functional base for your trip.

Rooms are clean and cosy, and friendly owner Maria is on hand to help you feel at home.

Rooms start at around £50 per night

Terra Maria Hotel

I considered Terra Maria Hotel for my budget stay in Mykonos, as the off peak prices are very tempting.

This place is in the chora (old town) so you’re right in the middle of things, making it an especially good deal. The rooms are modern and simply furnished, and you can get tips on the island hotspots from reception.

There’s a kitchen area where you can get complimentary tea and coffee throughout the day, and a communal terrace too.

Rooms start at around £95 per night

Hotel Milena is a little gem, handily located both close to the airport and just outside Mykonos Town –  walkable in about 20 minutes, or you can catch the bus that stops outside.

This is a family-run place, and guests rave about the friendly hosts who’ll make you feel right at home. Rooms are bright and spotlessly clean and there’s a bakery just along the street – perfect for a delicious breakfast!

Rooms start at around £54 per night

The Best Mid-Range Hotels in Mykonos

Mykonos Gem

Mykonos Gem is in the heart of Mykonos Town, tucked in amongst the famous whitewashed lanes of the chora. You’re by the posh designer shops here, so it feels like fancy upscale Mykonos without the prices.

Rooms are modern and simply furnished, spacious and clean. It might be central here, but the vibe is relaxed – and you’re within easy walking to distance of Agia Anna beach, the windmills and the port.

Rooms start at around £75 per night

Boho Suites

Boho Suites is a lush property in Mykonos Town, less than 10 minutes’ walk from Little Venice.

It’s a 2-star, but remember stars reflect facilities; because this place doesn’t have some of the premium things like a 24h reception or a communal swimming pool, it’s officially rated 2-star – but it feels very premium.

The interiors are really smart and modern – think monochrome styling and slick bathrooms with earthy textures. Each suite has a seating area, kitchette and desk – and there’s even a private plunge pool.

Rooms start at around £100 per night

Grace Mykonos

Looking for a laidback beach vibe? Then Grace Mykonos is one to watch, perched above Agios Stefanos beach.

You’ve got all the classic ingredients of the Mykonos stay – traditional whitewashed architecture and slick interiors. Oh and a beautiful swimming pool and panoramic views across the Aegean Sea.

Choose a room or a suite – some have sea views and private pools. And there’s also an onsite spa too. And yes, this is a 5 star spot, but if you visit in low season – like October – you can find bargainous mid-range prices!

Rooms start at around £193 per night

Bard de Sol

James and I stayed at Bard de Sol – this is swish 4 star with some more affordable room options – but the real win is when you want to treat yourself to a suite and private pool! Its 4 star credentials help bring the price down a lot.

When we stayed, their Premium Suite was the same price as the smallest room in a luxury hotel!

Rooms start at around £147 per night

The Best Boutique Hotels in Mykonos

Pelican Bay Hotel

Pelican Bay is a stylish and characterful retreat with a relaxed atmopshere that has guests coming back year after year.

It’s in Platis Yialos, one of the island’s most popular beaches, and is an easy bus ride to Mykonos Town and the port. Design-wise the interiors are elegant and contemporary, making the whole place feel very premium.

Rooms are clean and comfortable, there’s a pool and terrace with dreamy views and staff are super kind and helpful.

Rooms start at around £81 per night

Kove Mykonos

This lush hotel is part of the MGallery group, and it’s a stunning spot just a minute’s walk from Ornos beach. James and I stayed here for a night and it was giving plenty of luxury boutique vibes.

Guests get beautiful views of the sea from here, and each room has a spa bath. There’s a swimming pool and fitness centre onsite, and even a spa which looks like it’s been carved right into the rock. Rooms are fresh and white in the traditional style, and you’ll find Hermes bath products in the bathrooms.

There’s an excellent restaurant too – opt for the 10-course tasting menu if you really want to splurge.

Rooms start at around £98 per night

Numo Mykonos

Numo is a swish resort in Kalafatis, in the southeast of the island. Think a serene beachside escape that’s set apart from the party hotspots but close enough that you don’t feel strung out on a limb.

The decor here is a blend of island minimalism and mid-century touches, creating a cool vibe that will definitely pop on social media. 

Numo is a place for lingering – beside the pool, on the nearby beach or simply soaking up the comforts of your room. After all if you’ve coughed up for this 5 star stay, you’ll want to take your time and enjoy it!

The restaurant serves up delicious Mediterranean flavours and there’s even a spa – being on holiday is hard work!

Rooms start at around £184 per night

Nomad Mykonos

You’ll find complete unadulterated luxury at Nomad Mykonos. This is a very beautiful and exclusive boutique 5 star hotel in Kalo Livadi.

They have an island-meets-boho vibe going on which makes you feel like you’re in a private Greek village. There are just 14 spacious suites here, all with a private pool or Jacuzzi.

You’re in a relatively secluded location here, so the whole experience is orientated around relaxing and escaping. Of course you’ve got a pool for chilling, and you can organise for a massage or treatment to be done in your room. If you want to shake things up, reception even has a vinyl collection and a record player!

Rooms start at around £456 per night

The Best Luxury Hotels in Mykonos

Myconian Ambassador Relais & Chateaux

Kick back at this luxurious hotel in Platis Yialos, with spacious rooms with private terraces and a whole load of home comforts. 

Choose a room, suite or even a villa, and enjoy the elegant contemporary decor – there’s plenty of white and blue and warm wood and you’d expect. The beach is a 5 minute walk away, so you can easily split your time between lounging by the sea and reclining in your room.

Efisia restaurant is one of the hottest tickets on the island – the food is sophisticated Mediterranean, with a focus on catch of the day and local ingredients. 

Rooms start at around £212 per night

Semeli Coast Mykonos Curio Collection

This 5 star property on Merchia Bay is owned by Hilton’s boutique brand, and it’s a stunner.

You’re tucked away on the northeast coast of Mykonos here, not far from Ano Mera, and there’s an exclusive, retreat-like atmosphere. There’s beachfront access, a swimming pool and swanky spa facilities – as well as excellent onsite dining.

If you like to be where everyone else isn’t, this is the perfect spot.

Rooms start at around £307 per night

Santa Marina

Santa Marina is an iconic beachfront hotel in Ornos – it’s one of the hotel school classy Mykonos resorts. This place is jawdropping, located on a little peninsula it’s almost like being on a private island.

With modern rooms and private balconies, you can relax in luxurious surroundings, whether you’re taking a dip in the pool, lounging on a daybed or enjoying a meal in the Greek-Mediterranean restaurant. The decor is traditional Myconian-meets-boho – plenty of white, raffia and natural textures.

Oh and should you need it, they can organise services like a private helicopter or speedboat on request.

Rooms start at around £490 per night

Cavo Tagoo Mykonos

Cavo Tagoo is perched on the cliffside beside Mykonos old town, with a huge infinity pool and lively bar. It’s the kind of place where you come to be seen.

The Aegen sea views are incredible. Rooms are spacious and minimal, and some have private pools. There’s a spa for beauty treatments and a gourmet restaurant – or you can pop to Zuma next door.  

If you want old school Mykonos luxury this is the place to be!

Rooms start at around £575 per night

Choose From The Best Hotels in Mykonos For Every Budget

Whether you’re looking for a luxury resort with your own private pool or an affordable stay close to the action, Mykonos has no shortage of hotels – choose the one that suits your budget and enjoy everything that this island has to offer.

About Chelsea Dickenson

Chelsea Dickenson is the founder of Holiday Expert and a UK travel expert known for helping people travel smarter without overspending. Trusted by over 1 million followers across her social platforms, Chelsea’s known for not only sharing helpful travel advice, but testing out travel hacks and those deals that seem too good to be true.

As well as her social content online, you can find Chelsea on the sofa on This Morning as one of their regular travel experts, and writing for the Metro in her monthly column – as well as popping up as a guest expert across other media publications.

She also keeps followers updated with topical articles on Holiday Expert, the best deals on her weekly newsletter and the most interesting travel stories on her podcast, The Holiday Expert Show.

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