Discover the Best Cheap Hotels in Santorini Greece for Your Dream Vacation
Last updated: June 2026 · By George K., Cyclades Travel Specialist · Prices sourced live via LiteAPI
Santorini has a reputation for being expensive. And honestly, it can be: the caldera-view suites in Oia that Instagram is full of cost €500–€2,000 a night in peak season. But that's only one version of Santorini.
The Santorini that budget-savvy travellers know about is different. Stay in Kamari or Perissa on the east coast, black-sand beaches, great tavernas, fresh seafood, and your hotel costs a fraction of caldera prices. Drive to Oia for the sunset (25 minutes). Visit the wineries. Walk the ancient ruins at Akrotiri. Swim in volcanic waters. All the things that make Santorini great are available to you whether you spend €60 or €600 a night.
This guide gives you real hotel picks, real prices (sourced live from our booking partner LiteAPI), and honest advice on where to stay and when to visit to get the most from Santorini without overspending.
The Smart Santorini Budget Summary
| Area | Budget/night | Best for |
|---|---|---|
| Kamari | €60–€200 | Beach lovers, families, value |
| Perissa / Perivolos | €60–€150 | Young travellers, beach clubs, nightlife |
| Megalochori | €60–€100 | Quiet, authentic, caldera views on budget |
| Fira | €120–€300 | Town centre access, mid-range caldera |
| Firostefani | €150–€350 | Budget caldera views, smaller crowd |
| Oia | €300–€2,500+ | Luxury only; not budget-friendly |
All prices shown in this guide are shoulder season rates (October 2026, 3 nights, 2 adults). Summer (July–August) rates are typically 2–3× higher across all categories.
Why Santorini Is More Affordable Than You Think
The caldera-view hotels dominate Santorini's image online, but they represent only a fraction of the island's accommodation. The majority of Santorini, the beach towns, the inland villages, the farming south, is genuinely affordable, especially in shoulder season.
Here's the honest breakdown:
- Caldera-view rooms (Oia, Imerovigli, Firostefani) command a 3–5× premium over equivalent quality rooms elsewhere on the island. You're paying for the view.
- East coast beach hotels (Kamari, Perissa, Perivolos) offer the same Santorini sunshine, volcanic black-sand beaches, and good tavernas at 30–60% of caldera prices.
- Shoulder season (May–June and September–October) cuts prices by 30–50% across all categories. October is the best-value month that still has beach weather.
- Book 2–3 months ahead for shoulder season (not 8 months like peak): there's more inventory and less competition at the affordable end.
The one practical adjustment for staying off-caldera: you need your own transport. Renting a car from one of our trusted Santorini rental partners costs €18–€65/day and gives you the freedom to be at the Oia viewpoint at sunset, the Red Beach at noon, and a Megalochori winery in the afternoon, while sleeping in a €79/night hotel.
Best Cheap Hotels in Santorini — Live Prices from LiteAPI
The following hotels are sourced directly from our booking partner LiteAPI. Prices shown are shoulder season (October 2026) per-night averages, your specific dates may vary. All properties are bookable directly on our platform.
🏅 Budget Picks: Under €120/Night
1. Caldera View Resort — Adults Only
Megalochori · 9.2/10 · 42 reviews · ~€60/night in October
If you told most Santorini visitors you found a caldera-view adults-only resort for ~€60/night, they wouldn't believe you. Caldera View Resort in the quiet inland village of Megalochori is exactly that. The property sits on Santorini's southern ridge with genuine caldera views and a relaxed, grown-up atmosphere that feels nothing like the tourist circus of Oia.
Megalochori itself is worth the stay. The neoclassical village is one of Santorini's most architecturally preserved, with cave houses, traditional wineries, and a central square that feels genuinely Greek rather than tourist-curated.
- Location: Megalochori, southern Santorini — 15 minutes from Fira, 10 minutes from beaches
- Rating: 9.2 / 10 (42 verified reviews)
- Season note: These October rates are exceptional; expect 2–3× higher in July–August
2. Hotel Zephyros
Kamari · 9.4/10 · 51 reviews · ~€79/night in October
Hotel Zephyros in Kamari earns a 9.4/10 guest score, higher than many properties costing three times as much. Kamari itself is one of Santorini's most liveable beach towns: a 5-kilometre black-sand beach, a well-developed beachfront strip with good restaurants and beach bars, and the island's most reliable bus connection to Fira.
What makes Zephyros special is the warmth of its service. Guest reviews consistently mention staff who go out of their way to arrange day trips, give honest local recommendations, and make solo travellers feel genuinely welcome.
- Location: Kamari beach, direct beach access or a short walk
- Rating: 9.4 / 10 (51 verified reviews)
- Best for: Solo travellers, couples, anyone who values personal service over square footage
3. Veggera Hotel
Perissa · 8.4/10 · 82 reviews · ~€87/night in October
Perissa is the livelier, younger alternative to Kamari. The black-sand beach here's just as good, but the entertainment options go later and the energy is more social. Veggera Hotel is consistently well-reviewed for its pool, rooms, and direct beach proximity.
Perissa is also the closest base for visiting Mesa Vouno and Profitis Ilias by bike or ATV, and it's significantly quieter than Fira while remaining well-connected.
- Location: Perissa beach, steps from the sand, near beach clubs and waterfront restaurants
- Rating: 8.4 / 10 (82 verified reviews)
- Best for: Beach holidays, younger travellers, those who want nightlife options within walking distance
4. Smy Mediterranean White Santorini
Kamari · 7.2/10 · 45 reviews · ~€97/night in October
This is the most extraordinary value play in our Santorini hotel picks: a property officially carrying a 5-star classification, bookable for under €100/night in October. The Mediterranean White is a large resort-style property in Kamari with extensive facilities, pools, multiple dining options, and a full spa, that in July would cost several times this price.
The guest score (7.2/10) is lower than the smaller boutique picks above, which is common for large resort properties where individual service is less personal. For travellers who want resort-style amenities at budget prices, this is the most exceptional deal on the island in shoulder season.
- Location: Kamari, near the beach
- Rating: 7.2 / 10 (45 verified reviews)
- Best for: Families, resort-style travellers, anyone wanting hotel pools and extensive facilities at low cost
💎 Value Mid-Range: €100–€260/Night
5. Kamari Beach Hotel
Kamari · 8.2/10 · 77 reviews · ~€109/night in October
Kamari Beach Hotel does exactly what its name suggests: it sits on Kamari beach, it has a pool, and it delivers a reliable 4-night beach holiday experience without surprises. Reviews praise the location and the value, though service is more functional than exceptional.
For travellers who want a predictable, well-run beach base, not a boutique experience, but not a mass-market disappointment either, this hits the mark.
- Location: Directly on Kamari beach
- Rating: 8.2 / 10 (77 verified reviews)
- Best for: Beach-focused families and couples who want straightforward comfort
6. Finikia Memories Hotel
Finikia (near Oia) · 8.8/10 · 107 reviews · ~€159/night in October
Finikia is the small, traditional village immediately north of Oia. It's one of those Santorini secrets that most tourists walk right past on their way to the sunset viewpoint, a cluster of cave houses, windmills, and old-world charm that predates the island's tourism boom.
Finikia Memories Hotel sits within this village and earns strong reviews (8.8/10, 107 reviews) for its character, calm atmosphere, and proximity to Oia without Oia prices. You can walk to the famous sunset viewpoint in 15 minutes.
- Location: Finikia village, 15-minute walk from Oia's main square
- Rating: 8.8 / 10 (107 verified reviews)
- Best for: Travellers who want the Oia experience without paying Oia prices; those who value authentic village atmosphere
7. Santorini Kastelli Resort ⭐ Best Value Overall
Kamari · 9.4/10 · 121 reviews · ~€180/night in October
Our pick for best overall value on the island. Santorini Kastelli Resort is a genuinely excellent property — 5 stars, 9.4/10 guest score from 121 reviews, full resort facilities, that in October costs less than a basic caldera-view room in a far lower-quality property.
The 9.4 score (from over a hundred reviews) reflects real quality: attentive service, excellent facilities, and the kind of consistency that only comes from a well-run property. In Kamari, close to the beach with easy access to the island's sights, this is the hotel we would choose for a Santorini trip that balances quality and cost.
- Location: Kamari, near the beach
- Rating: 9.4 / 10 (121 verified reviews)
- Star rating: 5★
- Best for: Anyone who wants genuine five-star quality without the caldera-view premium
8. Dana Villas & Infinity Suites
Firostefani · 9.2/10 · 96 reviews · ~€224/night in October
If you want the caldera view, the actual blue water, the volcanic cliffs, the legendary Santorini sunsets from your terrace, and you want to spend under €250/night in shoulder season, Dana Villas in Firostefani is your answer.
Firostefani sits on the caldera rim between Fira and Imerovigli, offering the same dramatic views as Oia at a meaningful discount. Dana Villas has earned a 9.2/10 from 96 reviews, the mark of a property with genuine fans, not just occasional lucky guests.
This is the pick for travellers who have one non-negotiable: waking up to the caldera. If that's you, this is your hotel.
- Location: Firostefani, on the caldera cliff — 15-minute walk from Fira centre
- Rating: 9.2 / 10 (96 verified reviews)
- Best for: Couples who want the caldera experience without paying Oia peak prices
9. Santorini Palace
Fira · 8.8/10 · 139 reviews · ~€225/night in October
Santorini Palace combines the convenience of a Fira location, walking distance to restaurants, shops, bus connections, and caldera views, with solid four-star quality at a reasonable shoulder-season price. With 139 reviews and an 8.8/10 score, it's one of the most thoroughly validated mid-range picks on the island.
For first-time visitors who want to be in the middle of the action without paying for a luxury caldera suite, Santorini Palace strikes that balance.
- Location: Fira town centre, walking distance to caldera viewpoints, restaurants, and bus station
- Rating: 8.8 / 10 (139 verified reviews)
- Best for: First-time visitors, those who want central Fira access at a fair price
🏨 Also Consider: Our Local Partner Hotel
While the above are all sourced through LiteAPI's live inventory, our trusted local hotel partner Athina Luxury Suites is worth knowing about for travellers who want to step up to genuine luxury when the occasion demands it.
Rated 5.0/10 across 1,250 verified reviews, Athina Luxury Suites in Fira is what a splurge looks like on this island, caldera views, infinity pool, fine dining, and five-star service from a property that genuinely cares about its guests.
Rent a Car: The Non-Negotiable for Budget Santorini Travel
If you're staying in Kamari, Perissa, or Megalochori, as any budget-smart Santorini traveller should, you need your own transport. Public buses are limited in frequency and packed in peak season. Taxis have long queues and fixed high rates. Your own vehicle changes everything.
Three trusted local partners offer the best deals:
🚗 Santorini Rent Me — From €18/Day, No Credit Card
The standout for budget travellers: no credit card requirement, unlimited kilometres, 24/7 service. This removes the most common friction point for island car rental and makes spontaneous day-trips genuinely easy.
→ Book with Santorini Rent Me · ⭐ 4.3 (533 reviews)
🌟 Mercury Cars Santorini — From €45/Day, Free Hotel Delivery
For travellers who want a premium vehicle brought directly to their hotel. Mercury Cars' free delivery service (09:00–21:00) is ideal for those staying in beach hotels without easy transport into town. Their Fiat 500 Cabrio (€70–€85/day) is one of the most-requested rentals on the island.
→ Book with Mercury Cars · ⭐ 4.8 (120 reviews)
🛵 Santorini Quad — ATVs From €25/Day
The most fun way to explore the island. Port delivery available, great for cruise passengers. Full safety briefing and helmet included.
→ Book an ATV with Santorini Quad · ⭐ 4.8 (310 reviews)
Tours & Experiences That Won't Break the Bank
Even on a Santorini budget, there are essential experiences worth allocating money for:
🚢 Santorini Daily Tours — Group & Private Options
Santorini Daily Tours offers experiences across every budget tier, from group tours to fully private arrangements. Their guided island tours, wine tasting visits, and sunset cruises are excellent value and far superior to the large-group tourist buses.
⛵ Santo Marinakis Tours — Private Experiences
Santo Marinakis Tours specialises in private and small-group experiences. Even on a tighter budget, a private sunset cruise split between two or four people can be surprisingly affordable, often less than a caldera-view dinner.
How to Find the Best Hotel Deals in Santorini
1. Travel in Shoulder Season (Our Strongest Recommendation)
The single most effective way to reduce your Santorini hotel costs is to visit in May–June or September–October. The difference is dramatic:
- August (peak): Kamari Beach Hotel ~€220–€280/night
- October (shoulder): Same hotel ~€109/night
The island remains beautiful in these months. The weather is warm enough to swim in September and October (sea temperature 22–24°C). Oia is still stunning. The restaurants are still excellent. You save 40–60% on accommodation.
2. Choose Kamari or Perissa Over Caldera Villages
For equal or better dining and beach quality at 40% of the price. The trade-off, you commute to Oia for sunset rather than watching it from your terrace, is easily handled with a rental car.
3. Book 6–8 Weeks Ahead for Shoulder Season
Unlike peak season, shoulder season doesn't require 6-month advance planning. 6–8 weeks is usually sufficient for the best shoulder-season rates. Last-minute (under 2 weeks) can work in October but selection narrows.
4. Book Direct or via Trusted Platforms
Our hotel listings above use LiteAPI's live pricing, which often delivers better rates than the major OTAs for Santorini properties. Direct booking occasionally unlocks room upgrades or added amenities.
5. Use a Rental Car to Unlock the Whole Island
Staying in Kamari and renting a car from Santorini Rent Me costs €18/day, roughly €126 for a week. Compare that to the €200–€400/night premium for a caldera-view hotel in peak season. The math makes the rental car the best single investment in your Santorini budget.
Best Areas to Stay in Santorini on a Budget
Kamari: The Budget Traveller's Home Base
Kamari is the best all-around base for budget-conscious Santorini travel. The 5-kilometre black-sand beach is excellent. The beachfront strip has dozens of affordable restaurants and tavernas. Bus connections to Fira run regularly. Three of our top hotel picks — Hotel Zephyros, Smy Mediterranean White, and Santorini Kastelli Resort, are here.
Perissa: Best for Young Travellers and Beach Life
Perissa has the same black sand as Kamari but a livelier, younger vibe. Beach clubs, water sports, and a nightlife strip that goes later than Kamari. Veggera Hotel is our top pick here. Perivolos (a 5-minute walk south) extends the beach and adds more dining options.
Megalochori: The Hidden Budget Gem
Very few travellers consider Megalochori, which is exactly why it's so good. The traditional neoclassical village is genuinely beautiful, cave houses, a medieval square, local wineries, and the prices are Santorini's lowest for genuine caldera-ridge views. Caldera View Resort is here.
Finikia (Near Oia): Proximity Without the Premium
Finikia, immediately north of Oia, gives you the Oia experience, the famous sunset, the charming alleyways, the clifftop atmosphere, without the hotel prices that Oia itself commands. A 15-minute walk to the main Oia viewpoint. Finikia Memories Hotel is our top pick.
Fira: The Central Budget Choice
Fira gives you the island's capital, its main bus station, good restaurants, and partial caldera views at prices below the premium caldera-view villages. Santorini Palace is our top Fira pick. If you want the sunset, Fira's caldera rim offers genuinely impressive views for free, just walk to the edge.
Getting to Santorini Without Overspending
Budget tip: The Athens to Santorini ferry on a conventional overnight boat costs significantly less than flying and saves you a night's hotel. High-speed catamaran from Piraeus takes 4.5–5 hours and is the mid-price option. The overnight ferry takes 8–9 hours but arrives early morning, giving you a full first day.
The ferry arrival through the caldera is also one of Santorini's most spectacular experiences, watching the volcanic cliffs tower above you as you sail into the bay is the island's best welcome.
→ Check ferry schedules and prices
For more ideas on making the most of the island whatever your budget, our complete Santorini guide and best beaches in Santorini cover everything else worth knowing.
FAQ: Cheap Hotels in Santorini Greece
Are there any hotels in Santorini under €100/night?
Yes, in shoulder season (October especially). Caldera View Resort (€60/night), Hotel Zephyros (€79/night), and Veggera Hotel (~€87/night) all come in under €100/night in October. In July–August, the same properties run 2–3× higher.
Is it worth staying in Kamari instead of Oia? Financially, absolutely. Kamari hotels cost 50–70% less than comparable quality in Oia. The main difference is that you drive to Oia for sunset (25 min) rather than watching it from your terrace. For most travellers, that's a perfectly sensible trade-off, especially with a rental car from Santorini Rent Me at €18/day.
What are the best budget-friendly activities in Santorini?
- Hiking the caldera path from Fira to Oia (free, 2–3 hours)
- Visiting Red Beach (free, just need a car or ATV)
- Exploring Akrotiri village and Megalochori (free)
- Watching the Oia sunset from the public viewpoint (free)
- Wine tasting with a group tour through Santorini Daily Tours (~€50–80pp)
Written by George K., Cyclades Travel Specialist at Discover Cyclades. Hotel prices sourced live via LiteAPI for October 2026 (3-night stay, 2 adults). Prices are indicative and subject to change by date and availability. Touristas AI assisted with research and entity coverage.
