Known for its picturesque setting around a collapsed caldera, the Greek island of Mykonos is a picture-perfect getaway that’s packed full of dramatic scenery and charming whitewashed buildings.
However, though a popular place for summertime parties, this Cycladic island is also very well known for being a high-end destination that’s full of high-end properties to match, which can mean finding somewhere that’s easy on the budget is a little tricky.
So we’ve looked into it and discovered some of the best places to stay in Mykonos that won’t break the bank. These are some of the best budget hostels in Mykonos, located all around this beautiful island.
Whether you’re traveling as a couple and want some privacy, or if you’re looking for somewhere that’s going to perfect for a party – we’ve got it covered. So let’s dive into the world of the coolest hostels in Mykonos!
The Best Hostels in Mykonos: Round-up
Best Overall Hostel in Mykonos – Mycocoon Hostel Mykonos
Best Party Hostel in Mykonos – Paraga Beach Hostel
Best Hostel for Solo Travellers in Mykonos – Orpheas
Best Hostel in Mykonos Town – Studio Eleni
Best Hostel in Platis Yialos Beach, Mykonos – Rinoulas Apartments
Best Hostel in Agios Stefanos Bay – Villa Elina Suites
Best Hostel near Paradise Beach – Villa Vasilis
Best Hostel near Mykonos Central Bus Station – Loukas Pension
Best High End Hostel in Mykonos – Eleanna’s
Best Budget Hostel in Mykonos – Adriani’s Guest House
Best Hostel with a Private Room in Mykonos – Artemoulas
11 Best Hostels in Mykonos
• Best Overall Hostel in Mykonos •
Why we like Mycocoon Hostel Mykonos…
Set in the area of Kaminaki, and literally steps away from the entrance to Mykonos town itself, we love the location of this place.
The laid-back attitude, the good social atmosphere and the stylish design-led interiors easily makes this the best overall hostel in Mykonos.
Mycocoon Hostel Mykonos is perfect for…
If you’re a backpacker and you’re looking for the best hostel in Mykonos, well, this is it!
The beds here at Mycocoon are very comfortable, it’s easy to get to from the airport, it’s good to meet new people – thanks to the pool and chilled out communal lounge… what’s not to like? It’s perfect for anybody on a budget.
#2 – Paraga Beach Hostel
• Best Party Hostel in Mykonos •
Why we like Paraga Beach Hostel…
We absolutely love the paradise-like location of this top hostel in Mykonos. With its pool overlooking the sea, beachside location, DJ sets, fun-loving atmosphere (to name just a few) it’s the best party hostel in Mykonos.
We just love how not like a hostel and how much more like a resort this place feels!
Paraga Beach Hostel is perfect for…
Are you a sociable backpacker who wants to meet other travellers from all over the world whilst basking in the hot sun all day? Here’s the place for you.
Much less like a typical Mykonos backpackers hostel, this incredible place is a little oasis for backpackers who want to have fun and meet other fun people whilst they’re at it.
Kos is spectacular! Especially since you can take day trips to see the whole region!
#3 – Orpheas
• Best Hostel for Solo Travellers in Mykonos •
Why we like Orpheas…
Set right in the centre of Mykonos town, we can’t help but like the fact that you get your own little slice of Cycladic aesthetics (as well as a great location) for a fraction of the price you’d pay for a hotel.
Combine the aesthetics, location and price with the social factor here and you’re on to a winner.
Orpheas is perfect for…
If you’re backpacking by yourself and you’re looking for the best hostel for solo travellers in Mykonos, look no further than Orpheas.
Not only does it have a good atmosphere, it’s also blessed with an ace location – great for anyone who wants to get out and explore – as well as amazing helpful staff who make you feel welcome the moment you arrive.
#4 – Studio Eleni
• Best Hostel in Mykonos Town •
Why we like Studio Eleni…
Being the best hostel in Mykonos Town, you can expect that the location of this one is going to be pretty good – and it is.
We really like the staff, who pick you up from the ferry terminal, give you tips on what to do around town and generally add a friendly presence to this Mykonos backpackers hostel.
Studio Eleni is perfect for…
This recommended hostel in Mykonos is perfect for anybody who wants to be in the middle of the action of town.
The location, right in the middle of Little Venice, gives you access to some of the picturesque areas of town. And if you like convenience, the bus station is just a mere minute’s walk from this place!
#5 – Rinoulas Apartments
• Best Hostel in Platis Yialos Beach, Mykonos •
Why we like Rinoulas Apartments…
Since it’s set on a hill just above Platy Gialos Beach the views from this cool hostel in Mykonos are pretty stunning. How could we not like that?
We also appreciate the privacy afforded by the quality rooms here, the peaceful nature of not being set right in the middle of a town, and… yes, those sea views!
Rinoulas Apartments is perfect for…
Not far from the coast, this is the best hostel near Platis Yialos Beach and is a great option for anybody wanting to be near a beach, but not necessarily in a bustling area of the island.
If you’re travelling by yourself, don’t worry: the owner of these apartments (complete with self-catering facilities) is very friendly and helpful indeed.
Check this out! Our complete guide to the most awesome hostels in Santorini, Greece
#6 – Villa Elina Suites
• Best Hostel in Agios Stefanos Bay •
Why we like The Judy House…
In an easy walking distance of Agios Stefanos Bay, we love the traditional Cycladic decor of these whitewashed buildings.
There’s a shared terrace, which is a great place for soaking up the atmosphere. As much as we love the elegant decor, we also like that this top hostel in Mykonos is a short work from Mykonos New Port.
The Judy House is perfect for…
If you don’t mind not being based right in the middle of town, and if you’re the sort of backpacker who appreciates a bit of stylish decor, then you’ll love this place.
There are also tours on offer here, so if you want to explore the island further you can do it with ease here.
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#7 – Villa Vasilis
• Best Hostel near Paradise Beach •
Why we like Villa Vasilis…
For the best hostel near Paradise Beach in Mykonos, Villa Vasilis has got to be it. This beach is the most stunning that Mykonos has to offer, so being near it is something that we can’t fault.
We also love the fact that there’s a bus stop right outside this place – you can get the bus into Mykonos town very cheaply!
Villa Vasilis is perfect for…
This is the perfect place for anybody who’s visiting Mykonos with a group of friends – sharing a studio here is a great option for a budget stay on Mykonos.
If you’re by yourself, and you’re the sort of person who enjoys their own space, then you’ll love it here. The owner, Maria, is super helpful and will drop you to the pier free of charge!
Recommended reading – The 7 Best Neighborhoods in Corfu, Greece (for all budgets!).
#8 – Loukas Pension
• Best Hostel near Mykonos Central Bus Station •
Why we like Porty Hostel…
We really like the size of the rooms at this recommended hostel in Mykonos – they’re very spacious which means you’ll be able to spread out as much as you want.
The Porty Hostel boasts balconies with pretty stunning sea views, and how could we not appreciate that? Being in the centre of town is a major plus, too.
Loukas Pension is perfect for…
Fans of convenience will absolutely love how close this Mykonos backpackers hostel is to the bus station.
Not only is it the best hostel near Mykonos Central Bus Station – it’s also set right in the heart of the town itself, which means anybody itching to explore the charming streets here will have a blast.
#9 – Eleanna’s
• Best High-end Hostel in Mykonos •
Why we like Eleanna’s…
Just a few steps away from the winding streets and nightlife of Mykonos Town, this place is somewhere we can really get on board with.
The quality of the rooms, the traditional whitewashed decor, the location – all of it quite easily adds up to the best high-end hostel in Mykonos. But it’s still affordable (which we love, of course).
Eleanna’s is perfect for…
Staying at Eleanna’s means being very centrally located. If you’re a backpacker who wants to get out and explore what the town has to offer, this is the place for you.
If you’re a flashpacker who likes a touch of the finer things, then the high quality of the rooms here will have you booking this place right away.
Editor’s Note: You can have a great time in Mykonos staying at one of the top party hostels!
#10 – Adriani’s Guest House
• Best Budget Hostel in Mykonos •
Why we like Backpackers Hostel…
We really like that this top hostel in Mykonos is solar powered – anywhere with even a hint of eco-credentials is something we can really get behind.
We also like this place because it’s the best budget hostel in Mykonos; it may be affordable, but it’s still as charming as you’d expect on this lovely island.
Backpackers Hostel is perfect for…
Solo travellers! That’s right – if you’re arriving on this beautiful island by yourself, then staying at Andriani’s Guest House is a great option.
The people who run this place will treat you like family, make you feel at home and help you with anything you might need. And when you’re by yourself, feeling welcome is a big priority.
#11 – Artemoulas
• Best Hostel with a Private Room in Mykonos •
Why we like Artemoulas…
We adore the stylish interiors of this top hostel in Mykonos. Think minimalist, whitewashed interiors with cool colour pops.
The private rooms here are so utterly boutique quality that this place has got to be the best hostel with a private room in Mykonos. We also like the affordability of Artemoulas, of course.
Artemoulas is perfect for…
Couples! Those on a couples retreat, or even a backpacking couple, will really appreciate the beautiful quality of the rooms at this cool Mykonos hostel.
The rooms, as well as the facilities, are brand new, so you won’t have to worry about this place being rough around the edges. And if you’re a fan of hospitality, there’s plenty of that here.
Closing thoughts on the best bargain hostels in Mykonos
So there you have it: the best hostels in Mykonos. We’re glad we could help solve the problem of finding budget accommodation on this beautiful island. It’s not all dorms since there are a lot of private rooms on offer here!
And you’ll definitely need a base here. With all of its beaches, hiking opportunities, delicious food and buzzing nightlife, you’ll want to explore every inch of this island in the Aegean Sea.
Though it is squarely where the party’s at, it’s not all about being situated in Mykonos Town itself. There are plenty of beaches and smaller towns to base yourself in, too.
And don’t worry if you can’t decide on a hostel that’s right for you. Just remember the wonderful Mycocoon Hostel Mykonos, by far the best overall hostel in Mykonos. Now all you have to do is prepare to be wowed by this gem of a destination.
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