Find Cheap Hotels in Downtown Reykjavik

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Check availability on Downtown Reykjavik Cheap Hotels

Our top choices for Downtown Reykjavik cheap hotels

Student Hostel

Student Hostel
2.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (145 reviews)
"Great staff and very close to bus station and downtown."
Canada
Michael
The price is ¥17,434
¥20,694 total
includes taxes & fees
Jun 3 - Jun 4
Student Hostel

Mjólk Hotel

Mjólk Hotel
4.0 star property
Downtown Reykjavik
The price is ¥28,301
¥32,541 total
includes taxes & fees
Jun 2 - Jun 3
Mjólk Hotel

Nordic Hostel

Nordic Hostel
2.0 star property
Downtown Reykjavik
10.0 out of 10, Exceptional, (1 review)
"Very clean hostel. Staff are friendly. Easy to check in or out"
United States
Kebba
The price is ¥17,650
¥20,622 total
includes taxes & fees
May 27 - May 28
Nordic Hostel

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (451 reviews)
"always a great stay at city hub! "
Canada
Arianna
The price is ¥12,978
¥15,613 total
includes taxes & fees
May 25 - May 26
CityHub Reykjavik

KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
2.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (829 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 ¥13,716
¥16,256 total
includes taxes & fees
May 17 - May 18
KEX Hotel and Hostel Reykjavik

Guesthouse Andrea

Guesthouse Andrea
2.5 star property
Downtown Reykjavik
8.4 out of 10, Very Good, (353 reviews)
"The studio was roomy enough and the breakfast was nice. Parking is very limited - ended up parking by the church a couple blocks away. The studio is 3 floors of stairs up. "
United States
Stephen
The price is ¥14,776
¥17,518 total
includes taxes & fees
May 31 - Jun 1
Guesthouse Andrea

Guesthouse Sunna

Guesthouse Sunna
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,001 reviews)
"The staff were welcoming and attentive. The hotel was consistently clean and well-maintained, which added to the overall positive experience. I especially appreciated the shared community space—the kitchen facilities were a great touch and made it easy to prepare meals. Location is perfect for exploring the city and close to restaurants."
United States
Teresa
The price is ¥19,743
¥22,945 total
includes taxes & fees
May 15 - May 16
Guesthouse Sunna

Baldursbrá Guesthouse

Baldursbrá Guesthouse
2.5 star property
Downtown Reykjavik
8.2 out of 10, Very Good, (158 reviews)
"One window missing a blind. Linens and pillows could use a refresh."
United States
Mary
The price is ¥17,318
¥20,254 total
includes taxes & fees
May 18 - May 19
Baldursbrá Guesthouse

City Center Hotel

City Center Hotel
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (695 reviews)
"The hotel is in a great location, parking is on the street a few blocks away, the staff was great."
United States
Dennis
The price is ¥21,398
¥24,856 total
includes taxes & fees
May 15 - May 16
City Center Hotel

Travel Inn Guesthouse

Travel Inn Guesthouse
2.5 star property
Downtown Reykjavik
6.4 out of 10, (387 reviews)
"A lovely place to stay and just over the road from BSI central bus terminal and ten minutes walk up to the the famous church and from there downtown . "
United Kingdom
Simon
The price is ¥14,016
¥16,589 total
includes taxes & fees
May 14 - May 15
Travel Inn Guesthouse
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.

Price trends for hotels in Downtown Reykjavik

Less expensive
More expensive
This month
Next month
April
August
¥33,064
¥50,270
Month
Price
January
¥30,555
February
¥32,858
March
¥33,796
April
¥30,298
May
¥33,064
June
¥50,270
July
¥68,502
August
¥73,908
September
¥49,809
October
¥34,451
November
¥36,603
December
¥37,859
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

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, National Theatre of Iceland, and Reykjavik Pond.
What's the best budget-friendly hotel in Downtown Reykjavik?
Based on reviews, Old Town Reykjavik is a popular hotel for our travelers in search of a less expensive place to stay and offers free WiFi. Other good options to stay on the cheap include KEX Hotel and Hostel Reykjavik and Hotel Von.
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 National Theatre of Iceland.
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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