Find Cheap Hotels in Downtown Reykjavik

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Check availability on Downtown Reykjavik Cheap Hotels

Tonight
Dec 27 - Dec 28
Tomorrow
Dec 28 - Dec 29
Next weekend
Jan 2 - Jan 4
In two weeks
Jan 9 - Jan 11

Our top choices for Downtown Reykjavik cheap hotels

Restaurant
Hotel Von

Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1000)
"Wonderful stay"
United States
David
The price is ￥20,775
￥24,055 total
includes taxes & fees
Jan 8 - Jan 9, 2026
Hotel Von
Lobby sitting area
Fosshotel Barón

Fosshotel Barón

Fosshotel Barón
3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1002)
"Nice staff, great breakfast "
United Kingdom
Laragh Eleanor
The price is ￥21,103
￥24,421 total
includes taxes & fees
Jan 15 - Jan 16, 2026
Fosshotel Barón
Suite, Harbor View (with Sauna & Gym Access) | View from room
Exeter Hotel

Exeter Hotel

Exeter Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1001)
"Great place to stay"
United States
Dana
The price is ￥25,988
￥29,879 total
includes taxes & fees
Jan 13 - Jan 14, 2026
Exeter Hotel
Property entrance
Alda Hotel Reykjavik

Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1150)
"Location, staff and service were all perfect!!"
United States
LAURA
The price is ￥25,535
￥29,339 total
includes taxes & fees
Jan 8 - Jan 9, 2026
Alda Hotel Reykjavik
Terrace/patio
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

Center Hotels Arnarhvoll
4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1028)
"Staff was friendly and helpful! Service was excellent!"
United States
Jinli
The price is ￥28,122
￥32,210 total
includes taxes & fees
Jan 4 - Jan 5, 2026
Center Hotels Arnarhvoll
Room, 1 King Bed, Terrace, City View | View from room
The Reykjavik EDITION

The Reykjavik EDITION

The Reykjavik EDITION
5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (558)
"Great location, friendly staff"
United States
Jochen
The price is ￥50,398
￥65,639 total
includes taxes & fees
Jan 26 - Jan 27, 2026
The Reykjavik EDITION
Lobby sitting area
Hotel Reykjavik Centrum

Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1001)
"The room was clean and location was great"
Canada
Lynn
The price is ￥26,822
￥30,767 total
includes taxes & fees
Jan 14 - Jan 15, 2026
Hotel Reykjavik Centrum
Lobby lounge
Þingholt by Center Hotels

Þingholt by Center Hotels

Þingholt by Center Hotels
4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1003)
"The property is beautiful and the staff is AMAZING! Super friendly and proactive on helping us. "
United States
Ana Flavia
The price is ￥29,130
￥33,329 total
includes taxes & fees
Jan 27 - Jan 28, 2026
Þingholt by Center Hotels
Spa
Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (349)
"Room was spotless, all the staff were great"
United States
James
The price is ￥30,546
￥34,903 total
includes taxes & fees
Jan 5 - Jan 6, 2026
Reykjavik Konsulat Hotel, Curio Collection by Hilton
Basic Triple Room, Shared Bathroom | Free WiFi, bed sheets
Old Town Reykjavik

Old Town Reykjavik

Old Town Reykjavik
3.0 star property
Downtown Reykjavik
7.2 out of 10, Good, (181)
"Central location clean room with good amenities "
United Kingdom
Daniel
Old Town Reykjavik
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
Next month
April
August
￥27,021
Month
Price
January
￥27,021
February
￥33,115
March
￥33,180
April
￥26,458
May
￥33,834
June
￥46,611
July
￥52,359
August
￥63,691
September
￥45,019
October
￥34,186
November
￥27,972
December
￥44,829
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

Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"Very helpful and friendly staff. Always provided me with helpful information for any question I brought to them."
JUAN 5-night trip
Posted 5 hours ago
Center Hotels Arnarhvoll

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 Hostel and Hotel Reykjavik and Hostel B47.
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 Iceland Phallological Museum.
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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