Most of the houses have breathtaking views of the Mediterranean!
Here is the terrace of a small rustic hotel, perfectly integrated with the local houses.
Rate for a small double room with terrace and superb panorama: about 70 euros (in 2003)... which is not cheap for Santorini, but here, you mainly pay for the view!
Personally, I found a homestay room, perfectly kept, for about 16 euros per night.
But at that price, you're in the hinterland with the only view... a road!