A cityscape with a prominent church, a body of water, and snow-capped mountains in the background.

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Check availability on Downtown Reykjavik Cheap Hotels

Next weekend
Jul 3 - Jul 5
In two weeks
Jul 10 - Jul 12

Our top choices for Downtown Reykjavik cheap hotels

Lobby lounge

Student hotel & hostel

Student hotel & hostel
2.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (152 reviews)
"Great staff and very close to bus station and downtown."
Canada
Michael
The price is ￥17,823
￥20,888 total
includes taxes & fees
Jul 1 - Jul 2
Student hotel & hostel
Outdoor spa tub

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (510 reviews)
"Such a great stay! Check in was easy, the place was clean, and perfect for a quick trip to Iceland!!"
United States
Ashley
The price is ￥16,554
￥19,645 total
includes taxes & fees
Jun 30 - Jul 1
CityHub Reykjavik
Standard Double Room, Balcony (or view) | Premium bedding, down comforters, pillowtop beds, individually decorated

City Center Hotel

City Center Hotel
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (724 reviews)
The price is ￥23,988
￥27,703 total
includes taxes & fees
Jun 30 - Jul 1
City Center Hotel
Bar (on property)

KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
2.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (850 reviews)
"I really enjoyed my time at this Hostel! I recommend this location, and establishment for any solo travellers on a budget looking for a perfect place to stay — close to city centre, walks along the coast, and lots of historical sights around! The staff were very nice and attentive. "
Canada
Louise
The price is ￥21,118
￥24,463 total
includes taxes & fees
Jun 29 - Jun 30
KEX Hotel and Hostel Reykjavik
Breakfast buffet

Guesthouse Andrea

Guesthouse Andrea
2.5 star property
Downtown Reykjavik
8.4 out of 10, Very Good, (372 reviews)
"Rooms were great, staff very friendly."
United States
Daniel
The price is ￥16,639
￥19,491 total
includes taxes & fees
Jun 29 - Jun 30
Guesthouse Andrea
Reception

Nordic Hostel

Nordic Hostel
2.0 star property
Downtown Reykjavik
10.0 out of 10, Exceptional, (2 reviews)
"Very clean hostel. Staff are friendly. Easy to check in or out"
United States
Kebba
The price is ￥21,083
￥24,425 total
includes taxes & fees
Jul 29 - Jul 30
Nordic Hostel
Comfort Quadruple Room, Private Bathroom | Free cribs/infant beds, free WiFi, bed sheets

Day Dream Vesturgata 17

Day Dream Vesturgata 17
2.0 star property
Downtown Reykjavik
8.4 out of 10, Very Good, (158 reviews)
"Nice place very comfortable"
United States
Juan
The price is ￥16,419
￥34,594 total
includes taxes & fees
Jun 30 - Jul 1
Day Dream Vesturgata 17
Standard Studio, Kitchenette, City View | Desk, free cribs/infant beds, free WiFi, bed sheets

Mjólk Hotel

Mjólk Hotel
4.0 star property
Downtown Reykjavik
6.4 out of 10, (5 reviews)
"Cancelled reservation last minute. I would be cautious booking this hotel."
United States
Emma
The price is ￥29,376
￥33,662 total
includes taxes & fees
Jun 29 - Jun 30
Mjólk Hotel
Restaurant

Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,004 reviews)
"Excellent hotel in a great location!"
United States
Dewayne
The price is ￥39,197
￥44,532 total
includes taxes & fees
Jul 12 - Jul 13
Hotel Von
Traditional Studio, Garden View | Desk, laptop workspace, iron/ironing board, free cribs/infant beds

Day Dream Mjostraeti 10a

Day Dream Mjostraeti 10a
3.0 star property
Downtown Reykjavik
7.8 out of 10, Good, (9 reviews)
"Location is excellent. Room is great with everything necessary. Less than one block away from luggage storage for after check-out departures. One block from taxi stand. Buses nearby. "
Canada
Marilyn
The price is ￥29,806
￥54,341 total
includes taxes & fees
Jul 1 - Jul 2
Day Dream Mjostraeti 10a
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Price trends for hotels in Downtown Reykjavik

Less expensive
More expensive
Next month
April
August
￥60,238
Month
Price
January
￥31,722
February
￥32,976
March
￥33,505
April
￥30,386
May
￥34,413
June
￥44,563
July
￥60,238
August
￥73,953
September
￥47,550
October
￥37,479
November
￥32,122
December
￥35,034
Price trend information excludes taxes and fees and is based on base rates for a nightly stay for 2 adults found in the last 7 days on our site and averaged for commonly viewed hotels in Downtown Reykjavik.

Top Downtown Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"We loved the place and location! Would definitely stay there again."
Timothy 5-night trip
Posted 4 hours ago
Reykjavik Residence Apartment Hotel

Frequently asked questions

What is Downtown Reykjavik like for travelers on a budget?
Downtown Reykjavik offers a variety of cheap accommodations and things to do, making it a great getaway spot for budget travelers. You can find ways to save money while getting to know this destination, which is home to attractions like Hallgrimskirkja, Reykjavik Pond, and Parliament House.
What's the best budget-friendly hotel in Downtown Reykjavik?
Based on reviews, Hotel Von is a popular hotel for our travelers who want a more economical choice, and features free WiFi and a bar. Other good options to stay on the cheap include KEX Hotel and Hostel Reykjavik and Old Town Reykjavik.
How many inexpensive hotels will I be able to find in Downtown Reykjavik?
Expedia has 9 hotels in Downtown Reykjavik that are ideal if you are watching your pennies.
What is there to see and do in Downtown Reykjavik?
You won't need to spend a lot to find places to visit in Downtown Reykjavik. You can budget for the top local attractions that interest you most, such as Reykjavik Harbour, and then look for sights and activities that cost little or nothing at all. Enjoy the local natural beauty at Reykjavik Pond and Tjornin, or check out the area's cultural spots like Harpa.
How can I get to Downtown Reykjavik and get around on a budget?
Checking out these ways to get around Downtown Reykjavik can help keep you on budget. The closest airport is Reykjavik Domestic Airport (RKV), situated 0.9 mi (1.4 km) away. If that doesn't suit your budget, you can arrange flights in and out of Reykjavik–Keflavik Intl. Airport (KEF), which is 23.3 mi (37.4 km) away. Downtown Reykjavik may not have many public transportation choices so a rental car could be an economical alternative to see more of the area.

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