You’ve probably dreamed of having your dream holiday at one of the most breathtaking places in the world. Santorini is composed of the islands of Thíra, Thirassiá, Asproníssi, Palea and Nea Kaméni and is best known for its caldera-edge clifftops. This crescent-shaped archipelago also surrounds the only active volcano center that has its crater in the sea.
Aside from its beaches and stunning views, the island is also very rich in history, culture and cuisine. You’d think you have to allot plenty of money for a trip to Santorini, but fret not, because here’s a list of budget hotels that will allow you to spend less and explore more:
We handpicked these listings carefully, considering (wherever possible) 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 August 26, 2025.
1. Babis Hotel (from USD 92)
On the inner side of Santorini, facing Tholos Naftilos, is the village of Karterados. From this point, the Babis Hotel is only a kilometer (.6 miles) away from Santorini’s capital, Fira. Perhaps the most budget-friendly hotel on this list, this 45 USD a night accommodation provides its guests with free breakfast and airport transfers.
Babis Hotel
Address: Karterados
7.3 km (4.6 mi) from Akrotiri
2. Villa Koronios (from USD 82)
Experience life in the heart of Fira, by staying at Villa Koronios. For an average of 88 USD per night, each room can accommodate up to three adults and one child under two years old. Rental of cots and bringing more than one child has their respective fees. After a bike around the town, guests may choose to spend time in the outdoor pool or the hot tub.
Villa Koronios
Address: Fira
7.72 km (4.8 mi) from Akrotiri
3. Galatia Villas (from USD 98)
Along Main Stree, just 10 minutes from the town center is Galatia Villas. Their elegant and spacious rooms are surely a treat, priced at an average of 94 USD per night. Not only will you get a relaxing holiday, but an educational one, too. It is right next door to the Lignos Folklore Museum and even houses its very own library.
Galatia Villas
Address: Main Street
8.45 km (5.3 mi) from Akrotiri
4. Smaragdi Hotel (from USD 103)
Further down south on Perissa is Perivolos, where the Smaragdi Hotel is situated. Some rooms have their own hot tubs and can accommodate up to five people at a time. Activities offered by the concierge include snorkeling, diving, and hiking. This place is perfect for families and children, especially with a playground and a library on the premises. Previous customers highly commend the enthusiastic and hospitable staff.
Smaragdi This is a Proud Certified property where you can be extra sure of a welcoming stay.
Address: Main Street
5.47 km (3.4 mi) from Akrotiri
5. Hotel Eucalyptus (from USD 113)
Another hotel in Perissa is the Hotel Eucalyptus. Its white, minimalist interior creates a very clean and comforting vibe, especially ideal for a romantic getaway. Aside from being pet-friendly, free of charge, a great breakfast is also served in the rooms. Its strategic location makes it easily accessible to Thira Airport, Monolithos, as well as the town of Fira. While the establishment offers free parking, it sits across from a bus stop, should the need for public transportation arise.
Hotel Eucalyptus
Address: Mesaria
6.78 km (4.3 mi) from Akrotiri
6. Kamarela Studios (from USD 132)
Going back to Kamari, Kamarela Studios is located 50 meters (164 feet) from the black sandy beach. In case guests get tired of their private balcony views, they also have the option to enjoy the Greek sun, under the coconut parasols and beach chairs found in the garden. Should guests be in need of assistance, they provide airport and shuttle services for an additional cost.
Kamarela Studios
Address: Kamari
7.85 km (4.9 mi) from Akrotiri
7. Hotel Lodos (from USD 71)
Hotel Lodos is another one of the traditional Cycladic-inspired hotels in the area of Karterados, that provides quality service at a minimal cost. Aside from a plunge pool, it also has an outdoor pool, with its very own bar. As it is a short distance from Fira, it proves to be a lot more peaceful.
Hotel Lodos
Address: Karterados
7.4 km (4.6 mi) from Akrotiri
8. Artemis Village (from USD 103)
Close proximity to great tavernas and beach restaurants, helpful hosts arranging food delivery, and a quiet area for a relaxing stay.
Affordable rates with free airport transfers and car rental assistance.
Secluded yet close to the airport, a short walk to the beach and local restaurants, away from the crowds.
Beautiful pool area, clean and comfortable rooms, daily cleaning service, and stunning sunset views.
If you wish to get the most out of the Aegean Sea, then Artemis Village is the place to be. It is a very tourist-friendly hotel, as it provides its guests with free maps and assures them of the efficient modes of transportation and other itinerary needs. Children aren’t allowed in this hotel, which makes it perfect for couples and friends.
Artemis Village
Address: Beach
9.68 km (6.1 mi) from Akrotiri
Santorini on a Budget
So what are you waiting for? Get on your traveling pants and have a holiday just like in the movies, but at an affordable price!
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