15 Most Affordable Island Escapes

Dreaming of a getaway with turquoise water and ocean breezes—but without a luxury price tag? You’re not alone. Fortunately, paradise doesn’t have to cost a fortune. From Southeast Asia to the Caribbean to the coasts of Europe, there are islands where you can swim, snack, and sleep in bliss without blowing your budget. These places offer low-cost accommodations, cheap eats, and priceless views. Here are 15 island escapes where the only thing lighter than the vibe is the price.

1. Caye Caulker, Belize

This small Caribbean island is big on charm and low on cost. With no cars and a motto of “Go Slow,” it’s the perfect place to unplug. Accommodations range from budget guesthouses to cozy beach huts, and fresh seafood is cheap and abundant. You can spend your days snorkeling with rays or lounging in the sun without spending much at all. The vibe is laid-back, local, and colorful. It’s one of the best budget-friendly islands in the western hemisphere.

2. Koh Rong, Cambodia

Koh Rong feels like Thailand 20 years ago—beautiful, quiet, and wildly inexpensive. White sand beaches stretch for miles, and bungalows can be had for under $20 a night. Food is simple and cheap, and boat tours are easy to book for a few dollars. There’s no big infrastructure here, just hammocks, jungle, and warm water. It’s a backpacker’s dream that still feels untouched. Perfect for those who value simplicity over frills.

3. Isla Holbox, Mexico

North of Cancún, Isla Holbox is a sandy escape with car-free streets and a local vibe. You can walk or bike everywhere, and cheap hostels, guesthouses, and taco stands line the quiet streets. The beaches are long and peaceful, and you might spot flamingos or whale sharks depending on the season. It’s cheaper and quieter than other Yucatán islands, but just as stunning. Holbox is ideal for easy days and warm nights under the stars.

4. Gili Air, Indonesia

One of the three Gili Islands near Bali, Gili Air strikes a balance between chill and convenient. There are no cars—just bicycles and horse carts—and beach bungalows start around $25/night. Food is cheap and tasty, Wi-Fi is decent, and the sunsets are surreal. It’s a great place to snorkel, dive, or simply drift. Compared to Bali or Lombok, it’s less crowded and more affordable. A hidden gem for budget island living.

5. Nusa Penida, Indonesia

Rugged, raw, and jaw-droppingly beautiful—Nusa Penida is a low-cost escape just off Bali’s coast. Accommodations range from local homestays to eco-lodges, and scooter rentals are cheap for exploring the cliffs, beaches, and temples. While some parts are still developing, the natural beauty is off the charts. It’s not as polished as Bali, but that’s part of the appeal. You get adventure and views for a fraction of the cost.

6. Utila, Honduras

This tiny Bay Island is one of the cheapest places in the world to get scuba certified—and the rest of the island is just as budget-friendly. Dorm beds go for under $15/night, and local eateries serve up hearty meals for a few bucks. You’ll find expats, travelers, and divers all sharing stories in waterfront bars. It’s no-frills but full of character. Utila is a place to dive deep, both in the ocean and the lifestyle.

7. Crete, Greece

Greece doesn’t have to mean Mykonos prices—Crete offers all the beauty at a fraction of the cost. The island is huge, so you’ll find everything from beach towns to mountain villages, often with budget-friendly hotels and Airbnbs. Local food is cheap and delicious, and public transport makes getting around easy. Beaches like Elafonissi and Balos are world-class. Crete is great for mixing island life with culture and savings.

8. Zanzibar, Tanzania

Zanzibar offers white-sand beaches, spice farms, and vibrant culture—all on a budget. Guesthouses and beach bungalows are affordable, and local meals cost just a few dollars. The island has both lively areas and remote corners, so you can find your vibe. Snorkeling, sailing, and spice tours add flavor without costing a lot. It’s tropical luxury at backpacker prices. Plus, the sunsets over the Indian Ocean are pure gold.

9. Koh Tao, Thailand

Koh Tao is another Thai gem famous for budget diving and beachfront bungalows. The island is compact, easy to navigate, and filled with cheap eats and laid-back bars. You can live on less than $30 a day if you keep things simple. It’s more peaceful than neighboring Koh Samui, but still has plenty to do. With warm water and colorful reefs, Koh Tao keeps you busy—or lets you do absolutely nothing.

10. Madeira, Portugal

While not tropical, Madeira offers lush landscapes, seaside towns, and surprisingly low prices for Europe. Local markets and bakeries are budget-friendly, and buses reach even the most scenic spots. Hiking trails and cliffside views are free—and unforgettable. You’ll find charming Airbnbs and guesthouses that cost less than most beach resorts. It’s a great option if you want natural beauty without the heat or high price tag. Madeira feels like a secret you’re lucky to know.

11. Bohol, Philippines

Bohol has something for every kind of traveler: beaches, waterfalls, jungles, and historic churches. Accommodations are cheap, especially in the Panglao area, and food is both tasty and affordable. You can rent a scooter for a few dollars a day and explore the island’s hidden corners. Snorkeling and river cruises add adventure without a big spend. It’s peaceful, beautiful, and welcoming. A slow island for a slower pace of life.

12. Isla de Ometepe, Nicaragua

This volcanic island in Lake Nicaragua is perfect for those who like their island life a little different. Prices are extremely low—meals can cost $2, and you can rent a lakeside room for under $20/night. It’s more nature retreat than beach resort, but the vibe is pure and peaceful. Hike volcanoes, swim in natural springs, or just read in a hammock. Ometepe is rustic, raw, and deeply grounding.

13. Siquijor, Philippines

Often called the “Island of Fire” due to its glowing sunsets, Siquijor is tranquil and full of magic. Budget accommodations are easy to find, and motorbike rentals give you access to hidden waterfalls and quiet coves. The island has a mystical reputation, but it’s also just incredibly beautiful and laid-back. Local food is cheap, and the locals are famously kind. Siquijor is an escape from the noisy world—a true island hideaway.

14. São Tomé, São Tomé and Príncipe

This tiny island nation off the coast of Central Africa is one of the least-visited—and least expensive—island paradises out there. Pristine beaches, lush rainforests, and colonial architecture are all part of the package. Costs are low for accommodation and food, especially if you go local. It’s safe, slow, and surreal. São Tomé is where adventure meets affordability. If you’re craving the unknown, this is the place.

15. Thassos, Greece

Less touristy than Santorini or Corfu, Thassos is a northern Greek island with crystal-clear water and budget vibes. You can camp, rent affordable rooms, and feast on seafood without spending much. Ferries connect it to the mainland, making it easy to reach without expensive flights. It’s green, peaceful, and full of hiking paths and hidden coves. Thassos is proof that Greece still has quiet corners—and cheap ones too.