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

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Our top choices for Reykjavik cheap hotels

1. Kvosin Downtown Hotel

Kvosin Downtown Hotel
4.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (1,003 reviews)
"Clean, friendly and conveniently located for a family holiday."
United Kingdom
Mark
The price is ¥27,098
¥31,120 total
includes taxes & fees
Nov 8 - Nov 9
Kvosin Downtown Hotel

2. Black Pearl Luxury Apartments

Black Pearl Luxury Apartments
4.5 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (787 reviews)
"Have stayed here more than once and it’s always a great place. Staff is always pleasant helpful and well informed, and it’s a truly great location."
United States
Dan
The price is ¥39,525
¥45,236 total
includes taxes & fees
Nov 29 - Nov 30
Black Pearl Luxury Apartments

3. Old Charm Reykjavik Apartments

Old Charm Reykjavik Apartments
3.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (147 reviews)
"The location was great and we appreciated the onsite parking. Cute apartment and very clean. The beds and pillows were excellent. "
United States
Jennifer
The price is ¥27,263
¥31,303 total
includes taxes & fees
Nov 4 - Nov 5
Old Charm Reykjavik Apartments

4. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (405 reviews)
"Great staff and hotel!"
United States
Shannon
The price is ¥41,733
¥47,362 total
includes taxes & fees
Nov 10 - Nov 11
Reykjavik Konsulat Hotel, Curio Collection by Hilton

5. Hotel Reykjavik Saga

Hotel Reykjavik Saga
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (821 reviews)
"Great location."
Canada
Sukhwant
The price is ¥41,616
¥47,232 total
includes taxes & fees
Nov 10 - Nov 11
Hotel Reykjavik Saga

6. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,504 reviews)
"Great location and place for families to stay"
United States
Debra
The price is ¥31,416
¥35,913 total
includes taxes & fees
Dec 2 - Dec 3
Reykjavik Residence Apartment Hotel

7. Reykjavik Treasure

Reykjavik Treasure
3.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (259 reviews)
"This location was absolutely perfect clean cozy wonderful breakfast in the morning and convenient to walk into the city would definitely stay again !"
United States
Deanna
The price is ¥31,397
¥35,887 total
includes taxes & fees
Nov 9 - Nov 10
Reykjavik Treasure

8. Grandi by Center Hotels

Grandi by Center Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,666 reviews)
"Lovely hotel in great location - good restaurant with many other good options nearby. Great coffee shop in foyer."
Australia
Gordon
The price is ¥28,528
¥32,704 total
includes taxes & fees
Nov 10 - Nov 11
Grandi by Center Hotels

9. Freyja Guesthouse & Suites

Freyja Guesthouse & Suites
2.5 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (424 reviews)
"We love our stay here. "
United States
Sunny
The price is ¥54,256
¥61,265 total
includes taxes & fees
Nov 9 - Nov 10
Freyja Guesthouse & Suites

10. Hotel Local 101

Hotel Local 101
3.0 star property
Vesturbær
9.4 out of 10, Exceptional, (327 reviews)
"Great location, very lovely staff, cute bar/restaurant."
Canada
Heather
The price is ¥18,672
¥21,763 total
includes taxes & fees
Dec 3 - Dec 4
Hotel Local 101

11. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,007 reviews)
"Lovely hotel by the old harbour. Perfect for our week in Reykjavik with easy access to the golden circle and more"
United Kingdom
Daniel
The price is ¥19,180
¥22,328 total
includes taxes & fees
Dec 1 - Dec 2
Reykjavik Marina - Berjaya Iceland Hotels

12. Sand Hotel by Keahotels

Sand Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,006 reviews)
"Staff was excellent, so welcoming. Truly enjoyed my stay and would stay at the Sand again."
United States
Ruth Anne
The price is ¥32,497
¥37,113 total
includes taxes & fees
Dec 1 - Dec 2
Sand Hotel by Keahotels

13. Canopy by Hilton Reykjavik City Centre

Canopy by Hilton Reykjavik City Centre
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,004 reviews)
"Great location, nice room, and a great breakfast!"
United States
Tina
The price is ¥38,752
¥44,053 total
includes taxes & fees
Nov 22 - Nov 23
Canopy by Hilton Reykjavik City Centre

14. 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 ¥20,670
¥32,992 total
includes taxes & fees
Nov 17 - Nov 18
Vintage Apartment Hotel

15. Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,002 reviews)
"I liked the location, the breakfast, the comfort of the bed, and the shampoo and conditioner!"
United States
Jamie
The price is ¥27,460
¥31,519 total
includes taxes & fees
Nov 23 - Nov 24
Hotel Reykjavik Centrum

16. Torg Apartments

Torg Apartments
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (353 reviews)
"Very centrally located, and the apartment was nice and bright."
United States
Susan
The price is ¥23,981
¥27,655 total
includes taxes & fees
Nov 8 - Nov 9
Torg Apartments

17. Reykjavik4you Apartments

Reykjavik4you Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (989 reviews)
"Great location. Had no issues parking on site. Super responsive staff. Would stay here again!"
United States
Katherine
The price is ¥15,939
¥29,337 total
includes taxes & fees
Nov 23 - Nov 24
Reykjavik4you Apartments

18. The Reykjavik EDITION

The Reykjavik EDITION
5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (707 reviews)
"Always stay here when I’m in Reykjavik!"
United States
Melia
The price is ¥55,235
¥71,431 total
includes taxes & fees
Nov 26 - Nov 27
The Reykjavik EDITION

19. ION City Hotel, a Member of Design Hotels

ION City Hotel, a Member of Design Hotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (301 reviews)
"Clean room Amazing staff Everything is close by"
United States
Youssef
The price is ¥35,432
¥40,368 total
includes taxes & fees
Nov 23 - Nov 24
ION City Hotel, a Member of Design Hotels

20. Castle House Luxury Apartments

Castle House Luxury Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,185 reviews)
"Location was excellent. Walkable to main streets. Parking not impossible with reasonable effort."
United States
thomas
The price is ¥17,082
¥29,418 total
includes taxes & fees
Dec 1 - Dec 2
Castle House Luxury Apartments
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.

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

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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