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
Oct 4 - Oct 5
Tomorrow
Oct 5 - Oct 6
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Oct 9 - Oct 11
In two weeks
Oct 16 - Oct 18

Our top choices for Reykjavik cheap hotels

A modern living room with a dark sofa, a round coffee table, and several potted plants.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.
A multi-story building with a yellow facade, white trim, and a central entrance.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.

1. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
￥12,667
￥15,096 total
includes taxes & fees
Nov 3 - Nov 4
Old Town Reykjavik
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A wine cellar with wooden shelves and a bench.
A hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.
A storefront with a glass door, potted plants, and a sign for a restaurant.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paul
￥25,311
￥29,131 total
includes taxes & fees
Nov 1 - Nov 2
Hotel Von
Bar (on property)
Bar (on property)
Room
Exterior

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Palani
￥15,782
￥18,554 total
includes taxes & fees
Oct 6 - Oct 7
KEX Hotel and Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.
A spacious room with large windows, a television, and a wall decorated with musical instruments.
A staircase with a golden handrail, a large ornate mirror, and a painting on the wall.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
￥15,684
￥18,445 total
includes taxes & fees
Oct 15 - Oct 16
Hostel B47
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 parking lot with several cars and a building with multiple windows.

5. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
￥17,372
￥20,319 total
includes taxes & fees
Oct 11 - Oct 12
Bus Hostel Reykjavik
A two-story house with a snow-covered roof and a white picket fence.
A double bed with white bedding and black and white patterned pillows, a bedside table with a lamp, and a painting on the wall.
A kitchen with a microwave, stove, and checkered backsplash.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
￥19,257
￥22,411 total
includes taxes & fees
Oct 20 - Oct 21
Refurinn Reykjavik Guesthouse - Hostel
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A room with a beige sofa, a glass coffee table, a black chair, and a small orange table.
A hallway with a mirror, a door with emergency exit signs, and a fire extinguisher.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.

7. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Mario
￥12,426
￥14,932 total
includes taxes & fees
Nov 4 - Nov 5
Hostel Fjordur
A buffet with various food items and beverages.
A reception area with a check-in counter, a wall clock, and a flag.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.

8. Start Hostel

Start Hostel
Reykjanesbær
United States
Wonsuk
￥19,227
￥22,537 total
includes taxes & fees
Nov 3 - Nov 4
Start Hostel
A bunk bed in a room with a dark wall and a wooden floor.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.
A parking lot with several cars parked in front of a building with large windows and a flat roof.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
￥22,115
￥25,584 total
includes taxes & fees
Oct 5 - Oct 6
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 multi-story building with 'Iceland Comfort Apartments' signage, a Subway restaurant, and a parking lot with cars.
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.
￥25,050
￥36,598 total
includes taxes & fees
Nov 3 - Nov 4
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

Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Perfect hotel!!"
Hada 5-night trip
Posted 2 hours ago
Alda Hotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"After checking into a couple self check in places we realized that you must enter the code in slowly, it seems if you press the numbers quickly that it doesn't recognize it and fails. Once we figured it out the self check in went smoothly."
debra 1-night trip
Posted 19 hours ago
Alva Hotel Brautarholt
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Amazing place"
Elaiza 1-night trip
Posted 21 hours ago
Reykjavik Residence Apartment Hotel
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

8/10 Good
"This was a great hotel if you want to be down by the harbor. The tour bus pick up was straight across the street. There was not a lot of traffic noise. We wish the restaurant was open for at least dinner if not all meals for convenience. The room was on the smaller side and did not have any kind of dresser to unpack our clothes. The breakfast was excellent with many different offerings and the wait staff were very friendly. Parking was limited but we were lucky to have a spot for half of the trip. The other half we used the Parka app which the front desk explained to us how to use it. We would definitely stay here again."
Mary 7-night trip
Posted 23 hours ago
Center Hotels Arnarhvoll
Guesthouse Sunna

Guesthouse Sunna

10/10 Excellent
"The location is great, right outside the church and close to everything."
Shirley 2-night trip
Posted 5 days ago
Guesthouse Sunna

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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