Budget-Friendly Escapes: Affordable Short-Term Rentals in Greece’s Lesser-Known Destinations

Sunday, July 20, 2025

For decades, Greece has been all about those sun-soaked islands, beautiful beaches, and those incredible relics of ancient history that draw millions of tourists a year from all over the globe. Though famous tourist haunts like Athens, Santorini, and Mykonos remain popular, there’s a new trend on the rise: one that celebrates Greece’s overlooked, budget-friendly destinations. The country’s lesser-known wonders—which tend to get overlooked by the average tourist anyway—are becoming all the more appealing for their affordability, especially when it comes to short-term rentals.

New data suggests there has been an explosion of generally affordable short-term rental options in regions of Greece that tend not to be associated with mass tourism. These areas, whose visitors are largely domestic or niche tourist groups, have turned into havens for those who want affordable places to stay that still evoke the charm of the Greek repertoire of landscapes.

Affordable Short-Term Rentals in Athens Suburbs

While central Athens remains a popular spot for tourists, the city’s surrounding neighborhoods are offering more affordable rental options for visitors. Zografou, a well-known area for student housing due to its proximity to the National and Kapodistrian University of Athens, stands out for its low short-term rental prices. This July and August, the average nightly rate in Zografou is a mere €67.5. Given the area’s primary appeal to long-term renters, there’s less short-term rental demand, which keeps prices down and provides a great opportunity for budget-conscious travelers.

Other suburban areas also offer great value, such as Nea Smyrni, with a rate of €72.8 per night, and Dafni-Ymittos, which averages €79 per night. Maroussi, located slightly farther from the city center, offers short-term rentals at €88, while the more bustling port area of Piraeus has an average rate of €91.3 per night. Even Kallithea, a neighborhood just a short distance from the center of Athens, offers affordable stays at €98 per night, making it an excellent option for those wanting to be close to the city’s iconic attractions while enjoying a quieter, more budget-friendly environment.

Thessaloniki: A Budget-Friendly Urban Hub

Moving to the north, Thessaloniki, Greece’s second-largest city, has long been known for its cultural significance and vibrant lifestyle. But over the past few years, the city has also become recognized for its affordability, particularly in the short-term rental market. With an average nightly rate of €70.3, Thessaloniki offers excellent value for travelers who want to experience Greek culture without the high costs associated with Athens or the islands.

A unique feature of Thessaloniki’s rental market is the increasing number of repurposed commercial spaces, including old offices, clinics, and shops, being converted into short-term rentals. This trend has contributed to an increase in accommodation options available for travelers, further helping to keep prices down. As a result, Thessaloniki provides a diverse mix of rental properties, ranging from budget-friendly apartments to more luxurious options, making it a great destination for travelers of all types.

The Hidden Treasures of Northern Greece

Beyond Thessaloniki, northern Greece offers some of the most affordable short-term rental options in the country. Regions such as Serres, Xanthi, Komotini, and Larissa, though not typically seen as tourist hotspots, are quickly gaining recognition for their value and authentic Greek charm.

Serres is currently the most affordable city for short-term rentals, with prices averaging just €56.5 per night. The city’s calm atmosphere, historic sites, and proximity to the border with Bulgaria make it a hidden gem for those looking to escape the crowds. Similarly, Xanthi and Komotini also offer excellent value, with nightly rates staying under €66. These areas are popular among those who prefer an off-the-beaten-path experience that includes exploring picturesque streets, traditional markets, and local culinary delights.

Other northern cities like Larissa (€69.4) and Ioannina (€77.7) continue to attract a steady stream of visitors thanks to their rich history, natural beauty, and relaxed pace of life. Ioannina, in particular, with its stunning lake and medieval castle, is perfect for those who want to blend nature with culture without paying the premium prices of more tourist-heavy locations.

Kalambaka and Patra round out the list of northern Greece’s most affordable cities for short-term rentals. Kalambaka, known for the awe-inspiring Meteora rock formations, offers great opportunities for adventure seekers and spiritual travelers alike. Meanwhile, Patra, a major port city, is a cultural hub that offers its visitors easy access to the Ionian Islands and nearby ancient ruins. Both cities offer rental prices that make them ideal for travelers on a budget.

Why These Areas are So Affordable

The affordability of short-term rentals in these lesser-known regions can be attributed to several factors. Firstly, demand for accommodation in these areas remains lower than in major tourist destinations, allowing property owners to offer competitive rates. These cities are often bypassed by international tourists, with many visitors choosing to focus on the more famous islands or Athens.

Moreover, many of the affordable properties are repurposed buildings or residential homes, providing a unique and often more spacious alternative to the typical hotel room. These repurposed spaces—such as former offices, shops, and even healthcare facilities—are transforming into comfortable short-term rentals that maintain their charm while offering great value.

The Perfect Getaway for Various Travelers

These affordable destinations are not just for budget travelers; they cater to a wide range of people, including professionals on temporary assignments, occasional visitors, and even those supporting family members in need of medical care. Whether you’re visiting to enjoy the peaceful surroundings, conduct business, or explore the local culture, these cities offer everything you need at a fraction of the cost of more crowded destinations.

For instance, travelers who want to explore Greece’s history and natural beauty without spending a fortune will find Serres, Xanthi, and Kalambaka to be great alternatives. Similarly, Thessaloniki and Ioannina are ideal for those seeking a lively city experience with affordable lodging.

Conclusion: Discover Greece Beyond the Tourist Crowds

Greece’s budget short-term rental market allows transients to experience the country’s unique charm beyond established tourist destinations. From the outskirts of Athens to the undiscovered gems of the north, there is no shortage of places available for visitors to stay on a shoestring without having to sacrifice character or natural splendor.

For budget-minded travelers who want to see a different side of Greece, these hidden cities and neighborhoods can offer the best of authentic life without breaking the bank. Whether you’re considering a short holiday, a more extended visit, or visiting for business, the cost-effective rental choices available will facilitate your experience in Greece whilst providing you with a different view of the country.

References: AirDNA