Although Ibiza does tend to get slightly more expensive than mainland Spain, a trip to Ibiza does not have to burn a hole in your pocket. The beaches are free where you can hang around during the day and spend very little money. The food here is reasonably priced. Book your flight tickets well in advance when they are quite cheap. To get the most out of your trip, we recommend you rent private villas in Ibiza for a surreal experience. You can also book large villas to rent in Ibiza if you book for early September when accommodation tends to get cheaper, and you will still be in time for the banging closing parties.