6 Santorini Hostels & Hotels That Won't Break the Bank! [2024]

Santorini, supposedly the Lost City of Atlantis, is a charming island in Greece. Its incredible history, pristine beaches, picturesque landscapes, and mystic appeal can keep any traveler occupied for days.

So once you're familiar with best areas to stay in Santorini to enjoy the island in all its glory, you'll also need to know what accommodations are available. As it is a popular tourist destination, budget-friendly accommodation can be hard to find. Thankfully, there’s a handful of hostels that let you spend an affordable vacation on this sunny Greek island.

In this guide, I've picked the best hostels in Santorini, just for you! I hope that you'll be able to find an affordable stay so that you can spend your money on the important things while in Santorini Greece!

Is Santorini Expensive?

Santorini can eat up your budget real quick if you don’t plan ahead, considering everything from food to lodging. The best neighborhoods on the island are dominated by hotels and resorts that can charge you as high as $400 per night.

However, you'll be happy to hear the average rate of Santorini hotels is $85. Just like many of the other best places to visit in Greece, you can find a good deal on a place to stay if you do your research right!

For this reason, we recommend backpackers and budget traveler keep their eyes on hostels that offer lodging at a cheaper rates. As we mentioned earlier, there aren’t a lot of them.

If you find all of the Santorini's top hostels booked, don’t give up! There are a few hotels that offer rooms at a similar price range, although they're generally scarce and hard to find. I've included a few affordable hotel suggestion in my list below!

Top 6 Affordable Santorini Hostels & Hotels

6. Caveland - Overall Best Hostel

If you are looking for a Santorini hostel that offers the right balance between price and service, it’s Caveland. This winery-turned-boutique hostel is an antique-styled property located in the quaint Karterados village. It’s beautifully furnished and boasts plenty of amenities. 

What past guests liked the best about Caveland was the welcoming and comfortable ambiance of the hostel. It’s also a 5-minute drive away from the city center. Oh, and there’s a large swimming pool too! 

Your rooms will be in cave-like structures used to make wine in the past. They are air-conditioned, clean and hygienic, and have super comfortable beds. They are also very spacious and each unit comes with a shared fridge. It’s ideal for solo travelers, couples, and groups. 

Hostel Features

• Dorm rooms: Mixed dorms (10-bed and two six-beds) and female-only dorms (two 4-beds and 1-bed).
• Private rooms: Three double bedrooms, one twin bedroom, and a 2-room apartment.
• What’s free: Breakfast, Wi-Fi, city maps, linen, towels, and parking. 
• Activities: Weekly community dinners, BBQs, movie nights, yoga sessions, board games, swimming pool, and a mini library 
• Price: Starting from $29

Compare prices, check features, and book now: HostelWorld | Booking.com | TripAdvisor

5. Youth Hostel Anna - Best for Low-Budget Travelers

If you plan to spend more time on the beach and are willing to settle with the basics, Youth Hostel Anna is a good choice.

Situated in Perissa Beach, it’s ideal for solo travelers, groups, and even couples looking for very cheap hostels in Santorini. A lot of travelers prefer it because it provides great value for money. 

The hostel maintains a clean appeal, although not meticulous. Rooms are air-conditioned with comfortable bedding. Staff members are very friendly and helpful too.

The downsides are that it can be noisy being close to the main road and you have to commute a significant distance to reach the city center. 

Hostel Features

• Dorm rooms: Mixed dorms (4-bed, 6-bed, and 10-bed) and a female-only dorm with shared bathrooms
• Private rooms: Twin, double, or triple room with private bathroom facilities 
• What’s free: Wi-Fi, parking, city maps, and linen 
• Activities: Board games and swimming pool 
• Price: Starting from $6 

Compare prices, check features, and book now: HostelWorld | TripAdvisor

4. Bedspot Hostel - Best hostel for luxury and comfort

Located in the heart of the Santorini capital, Bedspot Hostel is the best high-end option for a reasonable price. The modern and minimal interior with sleek furniture is very cozy and welcoming. If you are looking for good youth hostels in Santorini, we highly recommend Bedspot as it’s only for folks between 18-35 years old. 

What past guests loved most about this hostel was the comfort, convenience, and privacy it offers. The air-conditioned rooms are exceptionally clean, and each bed has a reading light, privacy curtain, power plug, locker, and storage facilities. The staffs are very friendly too.

Hostel Features

• Dorm rooms: 6-bed male or mixed dorm, 4-bed female dorm, and 8-bed male or female dorm with shared bathrooms
• Private rooms: Double room with double bed with private bathroom facilities
• What’s free: Wi-Fi and linens
• Activities: Board games and rooftop hangout spot 
• Price: Starting from $40

Compare prices, check features, and book now: HostelWorld | Booking.com | TripAdvisor

3. Fira Backpackers Place - Best for Solo Travelers

If you are looking for budget-friendly Santorini hostels with convenient access to the city center, Fira Backpackers Place is the one to choose. It’s popular among solo travelers, and we recommend you book well in advance if you need a spot. 

Although the amenities are quite mediocre, they aren’t bad, and the customer service is satisfactory. The rooms are air-conditioned and maintained clean at all times. You also get the opportunity to socialize with fellow locals here.

Hostel Features

• Dorm rooms: Mixed dorms (4-bed, 6-bed, 8-bed, and 10-bed) and female dorms (6-bed and 4-bed)
• Private rooms: Rooms for two, three, four, and six people 
• What’s free: Wi-Fi, internet access, city maps, linen, towels, and parking 
• Activities: Board games and DVDs
• Price: Starting from $14

Compare prices, check features, and book now: HostelWorld | TripAdvisor

2. Anna Pension - Best Affordable Hotel for Partygoers

Although Anna Pension Guest House doesn’t offer dorm rooms, it is a budget-friendly accommodation that gives you easy access to Santorini’s best pubs, clubs, and eateries! At the same time, the quiet location also lets you enjoy the island’s peaceful appeal. 

The property features a large pool with a seating area where guests can swim, relax, and enjoy a drink with other travelers. The hostel is renowned for its excellent customer service and carefree atmosphere. The premises and rooms are kept very clean at all times. 

Hotel Features

• Private rooms: Double rooms, triple rooms, and quadruple rooms
• What’s free: Wi-Fi, internet access, city maps, linen, towels, and parking 
• Activities: Pool table, swimming pool, and outdoor hangout spot 
• Price: Starting from $38

Compare prices, check features, and book now: Booking.com | TripAdvisor

1. Villa Manos - Best Affordable Hotel for Families

This traditionally-styled hotel is a good choice for anyone but particularly for families with kids looking for cost-effective Santorini accommodation. Villa Manos is located on the Main Street of Karterados, a walking distance from Fira.

The property has a large pool where guests can spend a relaxing time and a children’s pool for kids to have their own fun! The customer service is great, and the hotel is really clean and safe for kids. It is also popular among couples because of its romantic and quiet appeal. 

Hotel Features

• Private rooms: Double rooms, twin rooms, triple rooms, quadruple rooms, superior quadruple rooms, suites, and family rooms
• What’s free: Wi-Fi, internet access, city maps, linen, towels, and parking 
• Activities: Pool table, TV, and swimming pool
• Price: Starting from $45

Compare prices, check features, and book now: Booking.com | TripAdvisor

Pilot your trip to Santorini!

Now that you know accommodations can be affordable in Santorini, are you excited to start planning your trip to Santorini? To make your life easier and less stressful, you should consider a digital trip planner.