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Check availability on Downtown Reykjavik Cheap Hotels

Our top choices for Downtown Reykjavik cheap hotels

A hot tub with two people in it, surrounded by wooden decking and plants.

1. CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (734 reviews)
"Great location in the city and for solo travelers."
United States
David
The price is ￥11,896
￥14,310 total
includes taxes & fees
Nov 18 - Nov 19
CityHub Reykjavik
A modern hotel lobby with a reception desk, wooden stools, and a wall art installation.

2. Hotel Fron

Hotel Fron
3.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (1,112 reviews)
"Great location in the heart of Reykjavik"
United States
Lauren
The price is ￥18,902
￥20,982 total
includes taxes & fees
Nov 17 - Nov 18
Hotel Fron
A modern living room with a fireplace, a sofa, two potted plants, and a large painting on the wall.

3. Hotel Odinsve

Hotel Odinsve
4.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (1,000 reviews)
"Very clean hotel in a good location."
United Kingdom
Natalie
The price is ￥21,503
￥24,905 total
includes taxes & fees
Nov 17 - Nov 18
Hotel Odinsve
A modern hotel room with a large bed, a desk, a TV, and a view of the cityscape through large windows.

4. City Center Hotel

City Center Hotel
3.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (849 reviews)
"Location was perfect."
Canada
patti
The price is ￥17,804
￥20,947 total
includes taxes & fees
Dec 1 - Dec 2
City Center Hotel
A buffet with various food items and breakfast options.

5. Skuggi Hotel by Keahotels

Skuggi Hotel by Keahotels
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,000 reviews)
"Great location and great price"
Canada
Justin
The price is ￥24,947
￥28,728 total
includes taxes & fees
Dec 7 - Dec 8
Skuggi Hotel by Keahotels
A buffet setup with various food items and hanging plants.

6. Hotel Leifur Eiriksson

Hotel Leifur Eiriksson
3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1,000 reviews)
"This was just a quick overnight but everything was clean and the staff was delightful."
United States
Mackenzie
The price is ￥21,698
￥25,122 total
includes taxes & fees
Dec 8 - Dec 9
Hotel Leifur Eiriksson
A kitchen with dark cabinets, a countertop with a basket of fruits, and a paper bag.

7. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,516 reviews)
"Great location and place for families to stay"
United States
Debra
The price is ￥26,598
￥31,077 total
includes taxes & fees
Dec 12 - Dec 13
Reykjavik Residence Apartment Hotel
A hot tub with wooden railings, surrounded by lanterns and a scenic mural.

8. Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,425 reviews)
"Great stay."
United States
joanne
The price is ￥26,058
￥29,958 total
includes taxes & fees
Nov 23 - Nov 24
Alda Hotel Reykjavik
A modern hotel room with two beds, a flat-screen TV, a desk, and a large window with curtains.

9. Midtown Reykjavik by Heimaleiga

Midtown Reykjavik by Heimaleiga
3.0 star property
Downtown Reykjavik
8.0 out of 10, Very good, (542 reviews)
"Solid stay lots of things to do nearby"
Canada
John
The price is ￥14,651
￥17,384 total
includes taxes & fees
Nov 30 - Dec 1
Midtown Reykjavik by Heimaleiga
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.

10. Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,007 reviews)
"The location was great!"
United States
Jack Kasidit
The price is ￥21,471
￥25,284 total
includes taxes & fees
Dec 1 - Dec 2
Hotel Von
A modern rooftop terrace with a hot tub, a bottle of champagne, and a view of the cityscape.

11. ALVA Apartments Hallveigarstigur

ALVA Apartments Hallveigarstigur
4.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (203 reviews)
"Loved this place, would stay again! Fantastic location and beautiful room, really easy check in as well."
Canada
Andrea
The price is ￥15,328
￥25,141 total
includes taxes & fees
Dec 1 - Dec 2
ALVA Apartments Hallveigarstigur
A modern hotel room with a large bed, a hanging chair, a desk with a coffee machine, and large windows offering a city view.

12. Center Hotels Laugavegur

Center Hotels Laugavegur
4.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,355 reviews)
"Great location, lovely breakfast and clean rooms."
United Kingdom
Sharon
The price is ￥22,173
￥25,646 total
includes taxes & fees
Dec 1 - Dec 2
Center Hotels Laugavegur
A modern bar area with two round tables, two plush armchairs, and a wall of illuminated planters.

13. Vintage Apartment Hotel

Vintage Apartment Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (230 reviews)
"Great location and great room. We had a great stay"
United States
travis
The price is ￥20,427
￥32,720 total
includes taxes & fees
Nov 23 - Nov 24
Vintage Apartment Hotel
A modern dining area with a round table and chairs, large windows, and a hanging light fixture.

14. Rey Apartments

Rey Apartments
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,189 reviews)
"Excellent location close to coffee shops, bars and restaurants."
United Kingdom
Paul
The price is ￥21,135
￥24,497 total
includes taxes & fees
Nov 12 - Nov 13
Rey Apartments
A breakfast buffet with various breads, spreads, and condiments.

15. Guesthouse Andrea

Guesthouse Andrea
2.5 star property
Downtown Reykjavik
8.2 out of 10, Very good, (422 reviews)
"Staff is very friendly, and breakfast is so good."
Canada
Kathy
The price is ￥12,818
￥15,265 total
includes taxes & fees
Dec 1 - Dec 2
Guesthouse Andrea
A bar area with a bartender, a painting, and a wine display.

16. Hotel Holt - The Art Hotel

Hotel Holt - The Art Hotel
4.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,001 reviews)
"Again a fantastic stay at the Hotel Holt. I come to Iceland a lot and the Holt is where I stay. Great team and great property. The art all around is breathtaking."
Canada
Michael
The price is ￥34,250
￥39,055 total
includes taxes & fees
Dec 1 - Dec 2
Hotel Holt - The Art Hotel
A modern bedroom with a large bed, bedside tables, a desk, and a kitchen area.

17. Hotel Vera

Hotel Vera
3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (427 reviews)
"Location was great"
United States
Alicia J O'Leary
The price is ￥15,087
￥23,102 total
includes taxes & fees
Nov 18 - Nov 19
Hotel Vera
A multi-story residential building with balconies, a flat roof, and a mountainous backdrop.

18. Reykjavik4you Apartments

Reykjavik4you Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (990 reviews)
"Great location. Had no issues parking on site. Super responsive staff. Would stay here again!"
United States
Katherine
The price is ￥18,229
￥31,907 total
includes taxes & fees
Nov 15 - Nov 16
Reykjavik4you Apartments
A modern hotel room with a bed, a desk, a flat-screen TV, and a hallway leading to a bathroom.

19. Sand Hotel by Keahotels

Sand Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Excellent place to stay. Central and walking distance from many Reykjavik attractions. Clean and well appointed, friendly staff."
United States
Mark
The price is ￥32,592
￥37,214 total
includes taxes & fees
Dec 7 - Dec 8
Sand Hotel by Keahotels
A hotel room with a bed, bedside table, and a dining table set with plates, glasses, and cutlery.

20. The Swan House by Heimaleiga

The Swan House by Heimaleiga
3.5 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (705 reviews)
"I really enjoyed my stay here and think it is a perfect spot for a short trip or even an extended stay. Amazing location, spacious and comfortable room. Will absolutely stay here again"
United States
Nathan
The price is ￥15,752
￥29,271 total
includes taxes & fees
Dec 1 - Dec 2
The Swan House by Heimaleiga
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.
View all properties

Price trends for hotels in Downtown Reykjavik

Less expensive
More expensive
This month
Next month
April
August
￥32,122
￥35,034
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

Guesthouse Sunna

Guesthouse Sunna

10/10 Excellent
"Me encantó el lugar súper cómodo tiene todas las utilidades, súper cerca de la parada de camiones, la famosa iglesia, Loki un tradicional lugar para comer, la calle del arcoíris, muchas tiendas de souvenirs, desayuno bastante simple pero todo muy rico la verdad me pareció súper bien y las chicas que trabajan ahí muy amables"
Veridiana 2-night trip
Posted 16 hours ago
Guesthouse Sunna

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, 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 8 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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