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

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Check availability on Reykjavik Cheap Hotels

Tonight
Sep 29 - Sep 30
Tomorrow
Sep 30 - Oct 1
This weekend
Oct 2 - Oct 4
Next weekend
Oct 9 - Oct 11

Our top choices for Reykjavik cheap hotels

A hot tub with two people in it, surrounded by wooden decking and plants.
A modern building with a 'City Hub' sign, large windows, and a neon geometric design.
A modern interior with a yellow sofa, white round tables, and pendant lighting.
A staircase with a wall-mounted sign reading "HOT TUB" and a green abstract drawing.

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
Canada
Oksana
￥14,055
￥16,745 total
includes taxes & fees
Oct 28 - Oct 29
CityHub Reykjavik
A multi-story hotel with a modern design, featuring a prominent logo on the facade and a clear entrance.
A buffet with various food items including watermelon, oranges, and bread.
Bar (on property)
A room with two white chairs, a small round table, and a lamp. A book is on the table. The room has a window with a view of a snowy landscape and buildings.

2. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
James
￥23,030
￥26,609 total
includes taxes & fees
Oct 14 - Oct 15
Reykjavik Lights by Keahotels
A modern hotel lobby with a reception desk, wooden stools, and a wall art installation.
A restaurant with wooden tables and black chairs, a counter with a menu, and a television on the wall.
A wall with various metal sculptures and wooden elements, a grey sofa, and wooden stools.
A modern bedroom with a bed, a sofa, a chair, and a small table.

3. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Bozena
￥22,989
￥26,546 total
includes taxes & fees
Oct 14 - Oct 15
Hotel Fron
A modern hotel room with a large bed, a desk, a TV, and a view of the cityscape through large windows.
A room with a green sofa, a dark door, and a light wooden floor.
A modern reception area with a teal wall, a large painting, and a variety of seating options including a pink chair and a wooden table.
A modern dining area with a teal upholstered booth, multiple chairs, and a large window with a view.

4. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
diane
￥20,387
￥24,052 total
includes taxes & fees
Oct 30 - Oct 31
City Center Hotel
A modern kitchen with a marble countertop, coffee machines, and a plant.
A building entrance with a large glass door, a potted plant with flowers, and a visible logo on the door.
A modern hotel room with a large bed, a desk, and a wooden side table.
A modern kitchen with wooden cabinets, a microwave, and a dishwasher. There is a dining area with a table and chairs.

5. ODDSSON Midtown Hotel

ODDSSON Midtown Hotel
Háaleiti
Canada
Lyndon
￥19,038
￥22,160 total
includes taxes & fees
Oct 26 - Oct 27
ODDSSON Midtown Hotel
A modern hotel room with a large bed, a nightstand, a wall-mounted lamp, and a window with curtains.
A modern bathroom with a glass shower enclosure, a toilet, a bidet, and a sink.
A modern bedroom with a desk, chair, sofa, and bed.
A modern bathroom with a marble sink, a toilet, and a glass shower enclosure.

6. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Joseph
￥18,760
￥21,851 total
includes taxes & fees
Oct 5 - Oct 6
Alva Hotel Brautarholt
A modern bedroom with a large bed, a sofa, and a view of a ship through the windows.
A modern library with bookshelves, a leather sofa, a wooden table, and comfortable seating.
A modern library with bookshelves, leather furniture, and a mix of seating areas.
A bar area with shelves of liquor bottles, a cash register, and stools.

7. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
Vesturbær
United States
Glen
￥24,610
￥28,362 total
includes taxes & fees
Oct 18 - Oct 19
Reykjavik Marina - Berjaya Iceland Hotels
A restaurant with wooden tables, green upholstered chairs, pendant lighting, and a large painting on the wall.
A bar area with a 'Bar' sign, shelves of liquor bottles, and hanging glasses.
A hallway with wooden walls, a bench, a table with a plant, and a fire extinguisher.
A restaurant entrance with a sign reading "TAKE OFF BISTRO".

8. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United States
Kerstin
￥20,185
￥23,433 total
includes taxes & fees
Oct 27 - Oct 28
Konvin Hotel by Reykjavik Keflavik Airport
Front of property
Room
A rustic restaurant interior with wooden tables, benches, and a central bar area.
A reception area with wooden cabinets, a sign labeled "RECEPTION," and a wooden counter.

9. Hotel Viking

Hotel Viking
Hafnarfjordur
United States
Jeffrey R
￥22,396
￥26,128 total
includes taxes & fees
Sep 30 - Oct 1
Hotel Viking
A row of black and white houses with a stone wall and a grassy hill.
A wooden staircase with a chair and a table in a room with wooden floors and a high ceiling.
A hot tub with a clear view of the surrounding landscape, including a structure with a mesh roof and a rocky area with vegetation.
A room with a large window offering a view of a grassy field and distant mountains.

10. Fisherman's Village

Fisherman's Village
Garðabær
United States
Paul L
￥19,397
￥22,631 total
includes taxes & fees
Oct 25 - Oct 26
Fisherman's Village
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

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"An exceptional experience! Our apartment was spacious, clean and modern. The location can’t be beat in Reykjavik. The staff were incredibly helpful and friendly. We stayed for 3 nights and traveled with a rental car to the Golden Circle and the south coast. Definitely a good “home base”. Relatively easy to find parking. A supermarket is a block away- which was helpful given the incredibly high prices at restaurants. Highly recommend!"
Kristina M 3-night trip
Posted 6 hours ago
Reykjavik Residence Apartment Hotel
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"The location of the Arnarhvoll Center Hotel was great for my convention at the Harpa Concert Hall, just across the street. Also just across from bus stop #5, where all the tour buses and the airport Flybus stop. A wonderful view of the harbour and surrounding mountains, especially from the 8th floor where they serve a delicious hot breakfast buffet, which was included in my Expedia package. There is a sauna and hot tub available too, in the basement, which was also included in my package by the hotel. The hotel is fully accessible. The room was very clean, although small, but comfortable enough with a wonderful bed, mini-fridge, and kettle on a small desk. Wide screen TV gets the BBC channels as well as local. The staff were all very pleasant, attentive and helpful. Only thing lacking was an on-site restaurant, but the main shopping street of Laugavegur is only 3 blocks away, with many restaurants. They have lockers for luggage storage if you arrive early or leave on a later flight, which is very handy. I'd stay again!"
Laura 7-night trip
Posted 23 hours ago
Center Hotels Arnarhvoll
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Great hotel in a great location. So close to everything. Nice size room."
Steven 2-night trip
Posted 1 day ago
Alda Hotel Reykjavik
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Blazej at the front desk was very helpful and made our first day in Reykjavik wonderful. Great location and would definitely stay here in the future."
Cathy 1-night trip
Posted 1 day ago
Fosshotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Amazingly modern and beautiful hotel! Self check in and checkout were easy, the code system worked really well and the breakfast was absolutely spectacular!! Comfy beds, huge high pressure fantastic showers and an overall great experience! Couldn’t ask for a better hotel!"
Dustin 7-night trip
Posted 3 days ago
Alva Hotel Brautarholt

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.

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