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

Our top choices for Downtown Reykjavik cheap hotels

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1. Hotel Fron

Hotel Fron
3.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (1,078 reviews)
"Excellent stay, staff were super helpful with our early check in."
Canada
Nancy
The price is ￥31,212
￥35,678 total
includes taxes & fees
Aug 19 - Aug 20
Hotel Fron
Outdoor spa tub

2. CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (584 reviews)
"Best of all hotels, cheap and top notch service"
United States
Ingrid
The price is ￥21,117
￥24,648 total
includes taxes & fees
Aug 19 - Aug 20
CityHub Reykjavik
Daily buffet breakfast for a fee

3. Hotel Leifur Eiriksson

Hotel Leifur Eiriksson
3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1,000 reviews)
"Was a great stay"
United States
William
The price is ￥42,124
￥47,791 total
includes taxes & fees
Aug 30 - Aug 31
Hotel Leifur Eiriksson
Restaurant

4. Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,014 reviews)
"Excdllent location, very good food,, amazing staff"
United States
Gustavo Londono
The price is ￥39,457
￥44,833 total
includes taxes & fees
Sep 9 - Sep 10
Hotel Von
Reception

5. Hotel Odinsve

Hotel Odinsve
4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1,000 reviews)
"Loved the Mom and Pop feel, the staff was great and very insightful with some of their recommendations. Would stay again."
United States
Max
The price is ￥40,214
￥45,671 total
includes taxes & fees
Sep 1 - Sep 2
Hotel Odinsve
Standard Double Room, Balcony (or view) | Premium bedding, down comforters, pillowtop beds, desk

6. City Center Hotel

City Center Hotel
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (755 reviews)
"This hotel is in a great location and has a great staff. We stayed for 3 nights before a cruise and really enjoyed getting to know the city. If we have a chance to return I know where I'm staying."
United States
Eric
The price is ￥35,237
￥40,146 total
includes taxes & fees
Sep 8 - Sep 9
City Center Hotel
Daily continental breakfast for a fee

7. Guesthouse Sunna

Guesthouse Sunna
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,020 reviews)
"Great property, staff and location close to fly bus pick up spot"
United States
Jean-Pierre
The price is ￥28,992
￥33,217 total
includes taxes & fees
Aug 19 - Aug 20
Guesthouse Sunna
Apartment, 2 Bedrooms, 2 Bathrooms | Living area | 40-inch LED TV with satellite channels, TV

8. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,383 reviews)
"Good place to stay in the center of town"
United States
Aman
The price is ￥41,711
￥47,332 total
includes taxes & fees
Sep 9 - Sep 10
Reykjavik Residence Apartment Hotel
Breakfast buffet

9. Guesthouse Andrea

Guesthouse Andrea
2.5 star property
Downtown Reykjavik
8.4 out of 10, Very Good, (390 reviews)
"I had a great stay here. The staff was friendly, the room was clean, and many dining and attraction options were within walking distance from our room. Breakfast was a bonus too!"
United States
Riley
The price is ￥21,821
￥25,254 total
includes taxes & fees
Sep 7 - Sep 8
Guesthouse Andrea
Daily buffet breakfast for a fee

10. Fosshotel Barón

Fosshotel Barón
3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1,031 reviews)
"Excellent rooms and breakfasts amazing"
Canada
Paula
The price is ￥40,207
￥45,664 total
includes taxes & fees
Aug 31 - Sep 1
Fosshotel Barón
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
This month
Next month
April
August
￥73,953
￥47,550
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
"It was great Thank you"
David 3-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 restaurant. Other good options to stay on the cheap include Old Town Reykjavik and KEX Hotel and Hostel 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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