When you think of Santorini, you probably imagine white-washed buildings, stunning sunsets, and infinity pools overlooking the caldera. It’s true — this island is one of the world's most romantic and luxurious destinations. But here’s the thing: you don’t need to spend a fortune to enjoy it.

Plenty of charming, well-rated, and affordable hotels in Santorini, under £300 per night, still deliver the beauty and relaxation you came for. Whether you're planning a honeymoon, a solo getaway, or a family holiday, Santorini has hidden gems that won't drain your bank account.

In this guide, you’ll find 10 of the best budget-friendly hotels in Santorini — all handpicked for their value, comfort, location, and guest reviews. From beachside stays to boutique hideaways, these hotels offer you the magic of Santorini without the luxury price tag.

Let’s explore your options!

1. Hotel Goulielmos – Best for Caldera Views

Location: Akrotiri
Price: From 156–209 per night [Booking.com]
Rating:  9.4 on Booking.com

Why You’ll Love It: Authentic Cycladic charm, peaceful surroundings, and jaw-dropping caldera views.

Hotel Goulielmos is a well-kept secret in Akrotiri, one of the quieter villages in Santorini. This family-run hotel offers something most budget hotels can’t — breathtaking panoramic views of the caldera, right from your balcony. For under £300 a night, you get comfort, scenery, and an authentic Santorini experience.

Photo: booking.com

2. Kalestesia Suites – Best Affordable Luxury

Location: Akrotiri
Price: Around 149–284 per night [Booking.com]
Rating:  9.3 on Booking.com

Why You’ll Love It: Private terraces, dreamy views, and suites that feel like a five-star stay.

For travelers who want a taste of luxury without blowing their budget, Kalestesia Suites is a top pick. Sitting high up in Akrotiri, this boutique hotel offers breathtaking 360-degree views of the caldera, Fira, and Oia.

Each suite is tastefully designed, blending minimalism with elegant Santorinian flair. Think polished concrete floors, clean white walls, and modern furniture. Many suites have private outdoor spaces; some even come with jacuzzis or hot tubs.

Photo: booking.com

3. Meltemi Village Hotel – Best for Young Travelers

Location: Perissa
Price: 145-245 per night [Booking.com]
Rating:  9.1 on Booking.com

Why You’ll Love It: Great social vibes, modern facilities, and close to nightlife.

Meltemi Village Hotel is located in the beach town of Perissa, where you’ll find black sand beaches, beach bars, and a laid-back atmosphere. It’s perfect for young travelers, digital nomads, or anyone looking to socialize.

Photo: booking.com

4. Nissos Thira Hotel – Best for Couples

Location: Fira

Price: 127–307 per night [Booking.com]

Rating:  8.8 on Booking.com

Why You’ll Love It: Right in the heart of Fira but still quiet and cozy.

For couples who want to be close to the action but still enjoy a peaceful atmosphere, Nissos Thira is a wise choice. Located just a few steps from the caldera edge, this hotel combines convenience and charm.

The rooms are decorated in neutral tones, with traditional stonework and wooden furnishings. There’s also a quaint courtyard pool for lazy afternoons and a quiet vibe that couples love.

Photo: booking.com

5. Hotel Sunshine – Best Beachfront Stay

Location: Kamari
Price: 94– 181 per night [Booking.com]
Rating: 9.2 on Booking.com

Why You’ll Love It: Beach literally at your doorstep and fantastic value.

Hotel Sunshine sits directly on Kamari Beach, one of Santorini's most famous stretches of black sand. You can step out of your room and straight onto the beach.

Rooms are simple but stylish, and most have sea or pool views. You’ll also find a sun terrace, beach bar, and many seaside restaurants nearby.

Photo: booking.com

6. Acqua Vatos Santorini Hotel – Best Boutique Vibes & Location

Location: Kamari
Price: 80–222 per night [Booking.com]
Rating: 9.1 on Booking.com

Why You’ll Love It: Quirky decor, boutique charm, and walkable access to everything in Kamari.

If you’re looking for something stylish, central, and a little offbeat, Acqua Vatos Santorini Hotel might be your match. This cozy boutique hotel is located in the heart of Kamari, making it an ideal base for beach lovers and foodies.

Photo: booking.com

7. Aegean Plaza Hotel – Best for Poolside Relaxation

Location: Kamari
Price: 107-231 per night [Booking.com]
Rating: 9.0 on Booking.com

Why You’ll Love It: Resort feel without the price.

If your idea of a vacation includes lounging by the pool with a cocktail in hand, the Aegean Plaza Hotel might be your paradise. This hotel has multiple pools, a hot tub, a sun deck, and a poolside bar.

Rooms are spacious, and the hotel feels more upscale than its price tag suggests. It’s just a short walk to Kamari Beach, but the pools are often the highlight.

Photo: booking.com

8. Santa Elena – Best Boutique Feel on a Budget

Location: Kamari
Price: 106-173 per night [Booking.com]
Rating: 9.7 on Booking.com

Why You’ll Love It: Family-run and full of personality.

Santa Elena is one of those rare finds—a boutique hotel where you’re treated like family. Located in a quiet corner of Kamari, it is warm, welcoming, and super affordable.

Each room is individually decorated, and flowers and greenery surround the property. Guests love the home-cooked breakfasts and relaxing by the pool.

Photo: booking.com

9. Villa Manos – Best for Friendly Family Stays

Location: Karterados
Price: 75-193 per night [Booking.com]
Rating: 9.0 on Booking.com

Why You’ll Love It: Traditional hospitality is excellent for groups.

Villa Manos is perfect for travelers looking for a budget-friendly, family-run experience with lots of love and care. It is located just outside Fira and offers spacious rooms and studios ideal for families or groups.

There’s a large outdoor pool, an on-site restaurant, and friendly hosts who go above and beyond for their guests.

Photo: booking.com

10. Hotel Keti – Best Historic Charm & Views

Location: Fira
Price: 182-329 per night [Booking.com]
Rating: 9.5 on Booking.com

Why You’ll Love It: Old-world charm meets caldera views.

Built into the cliffside, Hotel Keti offers romantic vibes and stunning views. Located in Fira, it’s close to shops, restaurants, and nightlife but still peaceful enough for a good night's sleep.

Rooms are classically styled, some carved directly into the rock, and many come with direct caldera views.

Photo: booking.com