🏨 Top 5 Best Budget Hotels in Thessaloniki, Greece

If you’re dreaming of ancient ruins, vibrant street life, delicious food, and sunsets over the Aegean, all without breaking the bank, then Thessaloniki is your perfect destination. Greece’s second-largest city blends history, creativity, and a youthful energy that makes every corner buzz with life. But here’s the best part: you don’t need a luxury budget to soak it all in.
In this guide, I have handpicked the top 5 best budget hotels in Thessaloniki that don’t just help you save money, they offer unique character, cozy comfort, and unbeatable locations. Each one has its own vibe and caters to different types of travelers, so you’re sure to find something that fits your style. Ready to discover where to stay without spending a fortune? Let’s dive in!
- 1. 🛏️ Hotel El Greco: Classic Comfort in the City Center
- 2. 🛏️ Colors Urban Hotel: Affordable Chic with a Pop of Color
- 3. 🛏️ RentRooms Thessaloniki: Hostel Vibe Meets Boutique Stay
- 4. 🛏️ Hotel Olympia: Budget-Friendly Elegance with a Historic Touch
- 5. 🛏️ Hotel Orestias Kastorias: Family-Run Warmth & Acropolis Views
- 🗺️ Map of 5 Best Budget Hotels in Thessaloniki, Greece
1. 🛏️ Hotel El Greco: Classic Comfort in the City Center
If you want to stay in the beating heart of Thessaloniki without the boutique hotel price tag, Hotel El Greco is your go-to. Located right on Egnatia Street, this place puts you within walking distance of Aristotelous Square, the Roman Forum, and the buzzing Ladadika nightlife district. You get 3-star comfort at 2-star prices, with surprisingly spacious rooms and city views. The staff are warm, multilingual, and genuinely helpful, perfect for first-timers in Greece!

– Free high-speed Wi-Fi
– In-room air conditioning
– Flat-screen TV, mini fridge, and work desk
– 24/7 front desk and luggage storage
– Buffet breakfast available
🕒 Opening Hours: 24-hour reception
📍 Google Maps
🏛️ Roman Agora (8 min walk)
🛍️ Tsimiski Street shopping (5 min walk)
🍽️ Kapani Market & Modiano Market (6 min walk)
🌅 Waterfront promenade (10 min walk)
2. 🛏️ Colors Urban Hotel: Affordable Chic with a Pop of Color
This isn’t just one of the best budget hotels in Thessaloniki, it’s also one of the most Instagrammable! Colors Urban Hotel offers bold interiors, hip design, and a vibrant energy you’ll love. It’s a boutique experience at a budget-friendly price point. It’s ideal for creatives, couples, and digital nomads looking for something stylish, central, and playful. You’ll get that luxury feel without the luxury bill.

– Funky modern rooms with mood lighting
– On-site café & bistro
– Laptop-friendly workspaces
– Pet-friendly 🐶
– Spa treatments (optional upgrade)
🕒 Opening Hours: Reception open 24/7, check-in from 3 PM
📍 Google Maps
🖼️ Jewish Museum (3 min walk)
🧁 Trendy cafes & bakeries everywhere
🎶 Valaoritou nightlife zone (5 min walk)
🏛️ White Tower (15 min walk)
3. 🛏️ RentRooms Thessaloniki: Hostel Vibe Meets Boutique Stay
Backpackers, students, and solo adventurers, this one’s for you. RentRooms Thessaloniki strikes the perfect balance between social energy and comfort. Located next to the Rotunda and just a skip away from the university area, it’s welcoming, easygoing, and budget-friendly. You get a community feel, affordable dorms or private rooms, and a location perfect for exploring historical Thessaloniki on foot.

– Daily breakfast
– Shared kitchen and chill-out area
– Fast Wi-Fi in every room
– Bike rental available
– Laundry service
🕒 Opening Hours: 8 AM to 10 PM (Self-check-in available after hours)
📍 Google Maps
🏛️ Rotunda & Arch of Galerius (1 min walk)
☕ Student cafes & tavernas all around
🎨 Thessaloniki Museum of Byzantine Culture (10 min walk)
🌅 Thessaloniki waterfront (15 min walk)
4. 🛏️ Hotel Olympia: Budget-Friendly Elegance with a Historic Touch
Looking for something a little more refined without going over budget? Hotel Olympia blends modern interiors with a neoclassical exterior, offering classy comfort in a central location just minutes from Aristotelous Square. Perfect for couples or business travelers who want a quiet, clean, and beautifully decorated place to stay, without paying top-tier rates.

– Eco-friendly design & soundproof rooms
– In-room espresso machine ☕
– Pillow menu & orthopedic mattresses
– Business center & meeting space
– In-house restaurant with Mediterranean cuisine
🕒 Opening Hours: 24-hour front desk, check-in from 2 PM
📍 Google Maps
🏛️ Ancient Roman Forum (4 min walk)
🛍️ Ermou Street (5 min walk)
📸 Instagrammable rooftops nearby
🍝 Dozens of eateries within a 2-minute radius
5. 🛏️ Hotel Orestias Kastorias: Family-Run Warmth & Acropolis Views
For those who appreciate a bit of old-world charm and authentic Greek hospitality, Hotel Orestias Kastorias is a delightful hidden gem near the Roman Agora and St. Demetrius Church. Run by a local family, it’s cozy, spotless, and filled with charm. You’ll feel like a guest in someone’s home, not a number in a chain hotel. It’s one of the most-loved budget hotels in Thessaloniki thanks to the kindness of the hosts and the relaxed, peaceful atmosphere.

Free coffee & tea available all day
– Comfortable rooms with AC and private bathroom
– Book exchange library
– Fast Wi-Fi
– Luggage storage
🕒 Opening Hours: Reception from 8 AM to 10 PM
📍 Google Maps
🕍 Church of Agios Dimitrios (2 min walk)
🏛️ Roman Agora (3 min walk)
🧿 Upper Town (Ano Poli) views (10 min walk)
🌄 Catch a sunset from the ancient city walls!
🗺️ Map of 5 Best Budget Hotels in Thessaloniki, Greece
Thessaloniki proves that you don’t need a five-star budget to enjoy a five-star experience. With so many incredible sights, from Roman forums and Byzantine churches to buzzing tavernas and seaside sunsets, the city offers one of the best value-for-money escapes in Europe. And the great news? The right accommodation can elevate your stay without draining your wallet.
Each of the budget hotels in Thessaloniki we’ve featured offers more than just a place to sleep, they give you a warm welcome, a sense of place, and a comfortable base from which to explore this exciting city. Whether you’re wandering through the Ladadika district at night, grabbing bougatsa in the morning, or snapping panoramic views from the Upper Town, having a cozy and affordable home base makes the experience even richer.
So pack your bags, grab your walking shoes, and get ready to uncover the magic of Thessaloniki: one hidden alley, ancient ruin, and rooftop view at a time. And remember: great travel memories don’t have to come with a hefty price tag. 🇬🇷🧳
📖 Thessaloniki Travel Guide
See my full Thessaloniki Travel Guide for more tips on what to do, where to eat, where to stay, day trips and itineraries!


Join Mailing List
🌍 Stay in the Loop! ✈️
Love travel, food, and discovering hidden gems around the world? Join my mailing list to get exclusive travel tips, foodie finds, behind-the-scenes moments, and updates from my latest adventures, straight to your inbox.
No spam, just wanderlust. 💌




