As a general guide, budget accommodations such as hostels and guesthouses can cost anywhere from 20-50€ per night. A mid-range hotel and an apartment typically range from 70-150€ per night, while luxury villas in Mykonos can cost upwards of 100€ per night or more depending on different factors.
Is Mykonos or Santorini cheaper?
While they are the most popular islands in Greece, they are also the most expensive to visit out of all Greek islands combined, which is why locals tend to avoid them. However, there is a slight cost difference between the two, and as it turns out, here is the winner: Mykonos is the more affordable island to visit.
Why is Mykonos so expensive?
Why Is Mykonos Expensive? This beautiful island has some of the best beaches, and the party starts even before the night falls, so it quickly became very popular. However, the reason why it is so pricey is that simply there are not many budget-friendly offerings.