A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

Find Cheap Hotels in Reykjavik

  • Change your mind

    Book hotels with free cancellation

  • Treat yourself

    Sign in to save 10% or more on thousands of hotels
    Sign in

  • Be picky

    Search almost a million properties worldwide

Check availability on Reykjavik Cheap Hotels

Tonight
Oct 26 - Oct 27
Tomorrow
Oct 27 - Oct 28
This weekend
Oct 30 - Nov 1
Next weekend
Nov 6 - Nov 8

Our top choices for Reykjavik cheap hotels

A modern waiting area with a sofa, chairs, a wooden table, and a large window providing a view of the street.
A modern office space with a sofa, chairs, a table, and a large window.
A multi-story building with a yellow facade, white trim, and a central entrance.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.

1. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
￥10,501
￥12,700 total
includes taxes & fees
Nov 23 - Nov 24
Old Town Reykjavik
A storefront with a glass door, potted plants, and a sign for a restaurant.
A wine cellar with wooden shelves and a bench.
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
￥20,815
￥24,617 total
includes taxes & fees
Nov 2 - Nov 3
Hotel Von
Exterior
Bar (on property)
Room
Lobby sitting area

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
￥15,746
￥18,510 total
includes taxes & fees
Oct 27 - Oct 28
KEX Hotel and Hostel Reykjavik
A modern bedroom with a black bed, a wooden floor, a fur rug, a bedside table with a vase, and a hanging light fixture.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.
A modern lounge area with seating arrangements, a wooden table, and a large window with a view of the outside.
A modern kitchen with wooden cabinets, a black sink, and a microwave.

4. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
￥11,412
￥15,231 total
includes taxes & fees
Nov 1 - Nov 2
Bus Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A spacious room with large windows, a television, and a wall decorated with musical instruments.
A room with bunk beds, a desk, and a large window.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.

5. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
￥13,209
￥15,693 total
includes taxes & fees
Nov 18 - Nov 19
Hostel B47
A two-story house with a snow-covered roof and a white picket fence.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.
A kitchen with a microwave, stove, and checkered backsplash.
A staircase with white balusters and a white handrail, leading to a door with a brass doorknob.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
￥13,304
￥15,800 total
includes taxes & fees
Nov 17 - Nov 18
Refurinn Reykjavik Guesthouse - Hostel
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.
A hallway with a mirror, a door with emergency exit signs, and a fire extinguisher.

7. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
￥11,831
￥14,325 total
includes taxes & fees
Nov 26 - Nov 27
Hostel Fjordur
A modern hotel room with a large bed, two bedside tables, and a unique wall design with triangular light fixtures.
A modern living room with a dining area, a television mounted on the wall, and a large window providing a view of the outdoors.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.
A buffet with various food items and beverages.

8. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
￥18,808
￥22,089 total
includes taxes & fees
Nov 1 - Nov 2
Start Hostel
A modern kitchen with white cabinetry, a dishwasher, and a window providing natural light.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.
A minimalist bedroom with a bed, a bedside table with a lamp, and a wall decoration.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
￥21,867
￥25,304 total
includes taxes & fees
Oct 27 - Oct 28
ASTIN ER SVARID HOSTEL
A modern hotel room with a bed, bedside tables, a desk with chairs, a potted plant, and a door.
A compact kitchen with a microwave, a sink, and a wooden shelf. There is a clock on the wall and a plant on the counter.
A long, narrow hallway with white walls, a fire extinguisher mounted on the left wall, and a door at the end.
A modern interior with a wooden slat wall, a dining area with chairs and a table, and a light switch on the wall.

10. Iceland Comfort Apartments Studio for 5

Iceland Comfort Apartments Studio for 5
Digranes
United States
Lukas K.
￥22,317
￥33,739 total
includes taxes & fees
Nov 2 - Nov 3
Iceland Comfort Apartments Studio for 5
View all properties

Find out more about Reykjavik

Discover cheap things to do in Reykjavik

Reykjavik, the vibrant capital of Iceland, is a paradise of experiences that won’t break the bank. Start your adventure at Hallgrímskirkja, the iconic church that offers free access to its beautiful grounds and stunning views of the city from its tower for a small fee. Just a short stroll away, the Harpa Concert Hall captivates visitors with its striking architecture and often hosts free events, making it a perfect spot to soak in the local culture. For a taste of Reykjavik's history, the National Museum of Iceland offers a discount on entry for families, providing a fascinating overview of Iceland’s past. The city's picturesque waterfront is ideal for a leisurely walk, and you can enjoy the sight of the Sun Voyager sculpture without spending a dime. Don’t miss exploring the Old Harbour area, where you can find affordable eateries like the famous Icelandic hot dog stands, offering a delicious meal for just a few dollars. For budget-friendly accommodation, consider staying in the lively downtown area, which boasts a variety of cheap hotels that place you within walking distance of these attractions, ensuring convenience and a vibrant atmosphere. You'll find yourself surrounded by charming cafes, friendly locals, and the buzzing energy of Reykjavik, setting the perfect backdrop for an unforgettable family trip.

Find the best cheap hotels in Reykjavik

For budget travelers visiting Reykjavik, these accommodations offer comfort and essential amenities without breaking the bank. Each hotel ensures a pleasant stay with excellent reviews and convenient features.Freyja Guesthouse & Suites

  • Why it's great for a budget-friendly vacation: Freyja Guesthouse & Suites is a top choice for budget-conscious travelers, an impressive review rating of 9.4. Located in Downtown Reykjavik, this guesthouse offers essential amenities such as free WiFi and nearby parking, ensuring guests have a straightforward stay. The shared kitchen facilities allow for easy meal preparation, making it perfect for those looking to save on dining costs.
  • Other amenities: Guests can enjoy complimentary toiletries and a crib available at no charge. The hotel features a terrace for relaxation and offers bicycle rentals onsite for exploring the city. With easy access to the historical district and nearby hot springs, Freyja Guesthouse provides an ideal base for discovering all that Reykjavik has to offer while sticking to a budget.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.49 miles, Hallgrimskirkja - 0.2 miles, Reykjavik Free Church - 0.64 miles

Hostel B47

  • Why it's great for a budget-friendly vacation: Hostel B47 is a fantastic budget option for travelers, earning a remarkable review rating of 9.4. Situated in Downtown Reykjavik, it provides free WiFi and self-parking, making it a practical choice for those looking to explore the area. The shared kitchen facilities allow guests to prepare meals conveniently, keeping costs down during their stay.
  • Other amenities: The hostel features daily housekeeping and a shared refrigerator, ensuring a clean and comfortable environment. With easy access to local museums and shopping districts, guests can immerse themselves in the vibrant culture of Reykjavik. The garden area offers a peaceful retreat, while the hotel’s art deco design adds a unique charm to the budget-friendly experience.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.23 miles, Hallgrimskirkja - 0.27 miles, Reykjavik Free Church - 0.93 miles

Reykjavik Domes

  • Why it's great for a budget-friendly vacation: Reykjavik Domes offers a unique and budget-friendly lodging experience with a review rating of 9.2. Located in the Grafarvogur neighborhood, this hotel features free WiFi and self-parking, making it easy for guests to travel around. The cozy accommodations include stocked minibars with complimentary items, enhancing the value of the stay.
  • Other amenities: Guests can enjoy a peaceful garden and terrace, as well as a private hot tub for relaxation. The onsite mini-golf provides entertainment, while the stunning mountain views create a tranquil setting. With premium bedding and bathrobes available, Reykjavik Domes ensures a comfortable and enjoyable budget stay for all travelers.
  • Neighborhood: Grafarvogur
  • Nearby attractions: Grasagardur Botanical Garden - 4.43 miles, Reykjavik City Museums - 2.2 miles, Kringlan Shopping Mall - 4.79 miles

Kex Hostel Reykjavík

  • Why it's great for a budget-friendly vacation: Kex Hostel Reykjavík is an excellent option for budget travelers, rated 8.4 by guests. This vibrant hostel is situated in Downtown Reykjavik, providing easy access to local attractions. It features free WiFi and shared kitchen facilities, allowing guests to cook and socialize in a lively atmosphere.
  • Other amenities: The hostel offers a communal refrigerator and terrace, perfect for unwinding after a day of exploration. Guests can enjoy ocean views and take part in live shows or concerts hosted at the hotel. With daily housekeeping and a garden area, Kex Hostel combines comfort with a fun, youthful vibe that budget travelers will appreciate.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.21 miles, Hallgrimskirkja - 0.63 miles, Harpa - 0.54 miles

Guesthouse Aurora

  • Why it's great for a budget-friendly vacation: Guesthouse Aurora is a charming and affordable option for travelers seeking comfort on a budget, with a solid review rating of 8.4. Located in Downtown Reykjavik, this guesthouse offers free WiFi and free self-parking, making it convenient for those traveling by car. The shared kitchen facilities allow guests to prepare their own meals, enhancing their experience without overspending.
  • Other amenities: The hotel features complimentary cribs and concierge services for added convenience. With nearby parking options available, guests can easily explore the city. The welcoming atmosphere and helpful staff make Guesthouse Aurora a great choice for those looking for a budget-friendly stay in Reykjavik.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.29 miles, Hallgrimskirkja - 0.26 miles, Reykjavik Free Church - 0.35 miles

Top Reykjavik Hotel Reviews

Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"clean room, good restaurant, easy parking close by"
Kenneth 3-night trip
Posted 7 hours ago
Fosshotel Reykjavik
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"Everything was fabulous"
Laura 4-night trip
Posted 15 hours ago
Miðgarður by Center Hotels
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Great place for three adults , didn’t feel crowded, fantastic location for waking around"
Bridget 3-night trip
Posted 18 hours ago
Reykjavik Residence Apartment Hotel
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Lovely hotel. We arrived on a Saturday and were pleasantly surprised that our room was ready a couple of hours before check-in, which was greatly appreciated after traveling. We stayed in Room 808 (an executive room,) which was clean, comfortable, and appeared to have been refreshed recently. One unique feature was the shared balcony on the 8th floor, where we were lucky enough to see the Northern Lights one evening. Access is through a door outside the guest rooms rather than directly from the room itself, which we actually preferred. Some rooms do have direct balcony access, so if you use the shared space, just be mindful of noise and avoid standing directly in front of other guests' doors. The breakfast was quite good. There was a nice selection of coffee and tea, eggs, bacon, sausage, skyr, fresh fruit, assorted breads, and pastries, which gave us plenty of options before heading out for the day. The only issue we encountered was that a couple of days into our stay I noticed I had been charged the full cost of the room on my credit card even though I had prepaid through Hotels.com. When I mentioned it at the front desk, the staff quickly looked into it and processed a refund right away. Overall, we had a very pleasant stay. The room was clean, the staff was helpful, the breakfast was good, and the early check-in was a wonderful surprise. I'd happily stay here again and would recommend it to others visiting Iceland."
Chelsie 6-night trip
Posted 21 hours ago
Center Hotels Plaza
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"I stayed at the Center Hotel for a week. The staff and services were great, and the Sky Bar and Spa are totally worth trying out. It is very close to the Harpa Center, the ocean and a walkable distance to all the cool spots in the city. I would highly recommend choosing the Center Hotel for your next stay in Iceland."
Haylee 7-night trip
Posted 21 hours ago
Center Hotels Arnarhvoll
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"The staff was very accommodating when I wanted to check in early. My room was ready very quickly and I got upgraded to a tower view room. The building is beautiful, staff is helpful, and the hotel is very conveniently located in the heart of town. My only thing I would warn others about is that there’s currently construction being done, so you’ll hear noises from the construction crew, but it didn’t bother me as I was gone most of the day anyways. Highly recommend to anyone looking for a hotel in Reykjavík!"
Marilyn 1-night trip
Posted 2 days ago
Hotel Reykjavík Grand

Frequently asked questions

What is Reykjavik like for travelers on a budget?
Reykjavik offers cheap accommodation options and a variety of places to visit, making it a great choice for a budget-friendly getaway. In addition to its well-known attractions like Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in 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 options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many inexpensive hotels will I find in Reykjavik?
Expedia has 13 hotels in Reykjavik that are ideal if you are watching your pennies.
When is the best time for a budget trip to Reykjavik?
Weather is probably a major factor when you plan your trip to Reykjavik, and keep in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August with an average temp of 50°F, while the coldest months are December and January with an average of 32°F. Average annual precipitation for Reykjavik is 50 inches.
What is there to see and do in Reykjavik?
Reykjavik attracts visitors with its top museums and abundant cafes, and offers plenty to see and do without spending a fortune. 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. If you're looking to enjoy the area's natural beauty, you can get outdoors at Reykjavik Pond, Oskjuhlid Hill, or Nautholsvik Geothermal Beach.
How can I get to Reykjavik and get around on a budget?
Scoping out the transportation options in Reykjavik is a smart way to keep your trip affordable. The closest airport is 1.2 mi (2 km) away from the center in Reykjavik Domestic Airport (RKV). However, if that doesn't suit your budget, you can book a flight to Reykjavik–Keflavik Intl. Airport (KEF), located 23.2 mi (37.3 km) away. Reykjavik might not have very many public transportation choices so a car rental could be a reasonable alternative to see more of the area.

Explore a world of travel with Expedia