Updated August 16th, 2022 by Travel the Greek Way

infinity-pool inSantorini and woman admiring caldera

Are you going to Santorini in 2022 and you are looking for the best Santorini budget hotels? This post is all about the Santorini budget hotels that are: great value for money, have beautifully decorated rooms, and are located in the best possible caldera views of stunning Santorini.

Cyclades map with Santorini circled
Cyclades Islands Map with Santorini in the circle

Santorini is located southeast of Athens, close to Crete, and belongs to the Cyclades group. Santorini is in the top five most popular Cycladic islands along with Mykonos, Paros, Naxos, and Milos, and is one of the most stunningly beautiful Greek islands.

Read below my choices for the best Santorini budget hotels as well as brief info on the villages they are located in:

Best Santorini Budget Hotels

Santorini Map with caldera Travel the Greek Way
Santorini Map

Santorini Budget Hotels Quick Reference

Santorini Firostefani calderaa
Caldera in Santorini

Are you in a hurry to pick up the best Budget Hotel in Santorini? See the quick list below of budget hotels at the caldera side of Santorini:

  • Where to stay in a budget in Oia? Muses Cycladic Suites,  centrally located just off the main road in the picturesque village of Oia 
  • Where to stay in a budget in Imerovigli? Agave Santorini Design Boutique Hotel, located in the scenic Imerovigli village, Agave features stunning Aegean Sea and Caldera views
  • Where to stay in a budget in Firostefani? Damigos Caldera World, a 10-minute walk from Fira, Damigos Caldera World serves breakfast in the furnished balcony overlooking Santorini’s volcano and the Aegean Sea.
  • Where to stay in a budget in Fira? Danae Villa,  a small, family-run hotel operating on a bed & breakfast basis.

Best Budget Hotels in Fira

Santorini Oia and swimming pools
Santorini Fira

Fira, Santorini’s main town is built high on 400m (1312 ft) caldera on the western part of Santorini. From Fira, you can admire a panoramic view of the 18 kilometers (11 miles) long caldera plus the volcanic island Nea Kameni located right across from Fira.

Santorini Sunset and blue domed church
Fira Sunset

Fira being centrally located, and with the public transport easy to reach, it is a fantastic place to stay. It is full of caldera views, blue-domed Greek churches, restaurants, taverns, bars, and shops of any kind.

Fira market street.

However, it is also one of the busiest places in Santorini as everyone wants to be part of the packed solid shopping area and gets “lost” in the maze of winding backstreets. Fira is also a fantastic place to admire the Santorini sunset.

In Fira, you can visit the important Archaeological Museum of Thera, open daily between 8:30-15:00. Mondays closed.

See below the best budget hotels in Fira:

Alizea Villas & Suites

Alizea Villas & Suites is both a cozy and very stylish hotel with a fantastic swimming pool, pristinely clean and very friendly staff. The hotel is a few minutes far from the center of Fira. Check availability and prices on Booking.com

Danae Villa

Danae Villa in Fira

Danae Villa, is a small, quiet, and family-run hotel very close to the center of Fira. Check availability and prices on Booking.

Best Budget Hotels in Oia

Oia Santorini – raymondychoo8781

Oia is another world-famous Santorini village. The white-washed houses, covered in purple and pink bougainvilleas crisscrossed by tiny paved roads leading to the sea, create a magical canvas that will definitely make you fall in love with Oia.

Oia is also located on Santorini’s caldera and it is one of the best places to stay in Santorini. See below fantastic Budget Hotels in Oia Santorini:

If you need a customized itinerary for a private tour in Greece please send your inquiry here for a quote. Thanks!

Muses Cycladic Suites

Muses Cycladic Suites is conveniently located outside the fuss of Oia, making it a brilliant and quiet accommodation option. It features lovely Cycladic architecture with curves, a white-washed building with marvelous sights. Check availability and prices on Booking.com

Laokasti Villas

Laokasti Villas Garden

Laokasti Villas in Oia have spacious rooms, a lovely garden with a large swimming pool, in a quiet spot of Oia but also very close to restaurants and bars for your nights out. Check availability and prices on Booking.com

Best Budget Hotel in Imerovigli

Imerovigli is another breathtaking and unspoiled Santorini village located between Fira and Oia. It is famous for its caldera sunsets and its many lovely white churches and a much quieter place to stay and enjoy breathtaking caldera views as everybody goes to Oia and Fira. One of the best things to do from Imerovigli is to climb the impressive Skaros Rock!

Agave Santorini Design Boutique Hotel

Agave Santorini Hotel Terrace

The Agave Santorini Design Hotel in Imerovigli is a Cycladic-looking boutique hotel, spotlessly clean with stunning Caldera views and a great breakfast. You will find the island’s lively capital, Fira within a 3-minute drive or a 15-minute walk.

Check availability and prices in Booking.com

Best Budget Hotel in Firostefani

Santorini steps and sunset in caldera
Firostefani Santorini

Firostefani is the extension of Fira, very close nowadays to each other – due to building every single free space between them – so that it is very hard to find their borders.

Some of the best caldera-view restaurants and hotels are in Firostefani which is considered one of the most expensive areas to stay in Santorini.

Check below a fantastic budget Firostefani Hotel:

Damigos Caldera World

Damigos Caldera World

I have included Damigos Caldera World as a budget hotel because of its stunning views of the caldera and its very reasonable prices. The rooms are stylish, beautifully furnished, and spacious and they bring your breakfast in your room to savor in the caldera view. Check availability and prices on Booking.com

Best Budget Hotel in Akrotiri


Akrotiri is an extraordinary place on the south of Santorini as it hosts the archaeological site associated with the Minoan civilization, the renowned red beach, and the Akrotiri impressive Lighthouse.

Santorini Red Beach Akrotiri
Red Beach near Akrotiri

Akrotiri is a 25-minute drive from Fira, making it a much quieter and much cheaper place to stay in Santorini without losing any bit of the stunning caldera views. Check below the best budget hotel in Akrotiri Santorini:

Kalimera Hotel

Kalimera Hotel in Akrotiri Santorini is simply lovely! An impressive round pool, very traditional furniture and architecture, within walking distance from Caldera beach, a small beach with a great view of the caldera. Check for prices and availability on Booking.com

Best Budget Hotel in Kamari Beach

Kamari Beach

Kamari Beach is one of the most cosmopolitan and beautiful black sand and pebble beaches of east Santorini. It is a great place to stay here as it has all facilities you may need in the area.

Santa Elena Hotel

Santa Elena Hotel in Kamari Santorini will surprise you in the nicest way as everything is simply perfect. From the ultra-friendly and obliging owner Sophia to the very large swimming pool, the sunlit rooms, and the rich breakfast, this is a fantastic option for a budget hotel in Santorini. Check for prices and availability on Booking.com

Santorini Kamari Beach for the Mobility Impaired

There are over 130 beaches in Greece that have installed the Seatrac system so that people with mobility issues can have independent access to the sea. In Santorini, there are 2 beaches that you can choose from, Kamari and Perissa.

I couldn’t find a budget hotel in Kamari with facilities for the mobility challenged. I highly recommend Costa Grand Resort & Spa, although it is not a budget hotel. It is a fantastic 5-star hotel, reasonably priced, located right in front of the beach and a few minutes far from the SeaTrak Mechanism.

Check availability and prices in Booking.com

Best Budget Hotel in Perissa Beach

Perissa Beach

Perissa sandy beach is the famous black beach of Santorini, awarded with a Blue Flag. It is about 13 kilometers (8 mi) away from Fira, on the southeast coast of Santorini, and is easily accessible by car or bus.

Perissa Beach with Seatrek

The Perissa beach is very popular because of the black lava sand, crystal clear waters, and the imposing mountain on the back. It is a fully organized beach with sunbeds, umbrellas, plenty of seaside cafes, bars, traditional taverns and restaurants, all kinds of water sports, and a nice diving area.

Studio Paul’s in Perissa

Studio Paul’s Garden

Studio Paul’s is one of the best low-price hotels in Santorini, with a lovely garden, clean nice rooms, and helpful owners, minutes away from Perissa beach. Check availability and prices on Booking.com

FAQ on Santorini Island

How was the caldera made?

Santorini Island suffered a tremendous volcanic eruption about 3600 years ago, at the peak of the Minoan civilization, one of Greece’s oldest civilizations. As a result, most of its western part sank into the sea, probably causing a gigantic tsunami.

Santorini has still an active volcano but only in the form of thermal waters in the caldera, a popular swimming spot.

How to Get around Santorini

If you are interested in fully exploring Santorini, and going to remote areas and central villages, then you will need your own car. I always use Rentalcars.com in my travels around Greece, as they have the best deals with the most reliable reps in Greece.

How to Get to Santorini from Athens

Greek Dog yawning in Santorini island

FERRIES: The most usual way is to take the ferry from Athens port, Piraeus. Book your ferry transfer with FerryScanner or FerryHopper, and get the best prices in the market with no hidden fees. If you travel in the summer you better book your seats in advance.

AIRPORT: There are some international flights going straight to certain islands, like Santorini or Crete, you better check Skyscanner, for charters or direct flights from your own country.

PRIVATE TRANSFER TO THE PORT: Book a private transfer with an English-speaking driver from Athens International Airport to Piraeus Ferries. You avoid the hassle of public transport and minimize the risk of having your luggage lost or stolen. Check this private transfer in Mercedes Van here.

If you need a customized itinerary for a private tour in Greece please send your inquiry here for a quote. Thanks!

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Follow Evgenia Mataragka:

Hi! I am an Athens-based Greek obsessed with exploring Greece and bringing you the best travel experience ever!

2 Responses

  1. Nick Stamoulis

    Santorini is a great place to visit, but unfortunately hotels can be expensive. These are some great choices for budget hotels!

    • Evgenia Mataragka

      Dear Nick, Thank you for your comment! I agree that any of those great hotels in Santorini will offer amazing hospitality to their guests!

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