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 12 - Sep 13
Tomorrow
Sep 13 - Sep 14
Next weekend
Sep 18 - Sep 20
In two weeks
Sep 25 - Sep 27

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Zahra
₩161,105
₩187,665 total
includes taxes & fees
Oct 12 - Oct 13
CityHub Reykjavik

2. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
₩254,022
₩290,803 total
includes taxes & fees
Oct 11 - Oct 12
City Center Hotel

3. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Michelle
₩225,001
₩258,590 total
includes taxes & fees
Oct 7 - Oct 8
Hotel Fron

4. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
₩185,886
₩215,172 total
includes taxes & fees
Oct 13 - Oct 14
Fisherman's Village

5. Hotel Viking

Hotel Viking
Hafnarfjordur
Canada
Christina
₩208,598
₩240,383 total
includes taxes & fees
Sep 16 - Sep 17
Hotel Viking

6. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Colleen
₩242,670
₩278,281 total
includes taxes & fees
Oct 12 - Oct 13
Hotel Von

7. Aska Hraun

Aska Hraun
Hafnarfjörður
United States
Song
₩121,338
₩205,772 total
includes taxes & fees
Sep 14 - Sep 15
Aska Hraun

8. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United States
Joseph
₩221,368
₩254,557 total
includes taxes & fees
Oct 11 - Oct 12
Konvin Hotel by Reykjavik Keflavik Airport

9. 201 Hotel

201 Hotel
Smárinn
United States
PARAG J
₩196,829
₩227,319 total
includes taxes & fees
Oct 12 - Oct 13
201 Hotel

10. Hotel Vellir

Hotel Vellir
Hafnarfjordur
United States
Therese
₩185,187
₩214,397 total
includes taxes & fees
Sep 14 - Sep 15
Hotel Vellir
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

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
"The room was very clean and modern. The reception staff was very friendly and helpful. The laundry facilities were very useful but the dryers were exceedingly inefficient. I had a small load and after two hours and four trips to check, the load was still damp and I had to hang dry in our room"
Derek 4-night trip
Posted 14 hours ago
Reykjavik Residence Apartment Hotel
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"We liked the lobby area. Breakfast was good. The shower had an odd small glass partition that didn't stop the water spraying towards the toilet which was too close. Floor was always so wet after a shower. Beds could have had firmer mattresses for us."
Theresa 4-night trip
Posted 23 hours ago
Hotel Reykjavík Grand
Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Loved everything about it - location, restaurant, clean etc but didn’t give it 5 stars because the bathroom sink was too small to wash your face without getting water all over the floor. The faucet extended right into the middle of the sink, maybe a bit past even."
Amy 1-night trip
Posted 1 day ago
Alda Hotel Reykjavik
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"I loved the rooftop area! It provided an excellent view of the bay and was a great place for breakfast to be served and to enjoy cocktails during happy hour after a day of sightseeing. The breakfast buffet was excellent with a wide variety of foods available to appease everyone."
Dawn 2-night trip
Posted 1 day ago
Center Hotels Arnarhvoll
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Spacious and comfortable. Loved the comforter! The only thing is that the sign is hard to see in the dark and rain."
James 1-night trip
Posted 1 day ago
Alva Hotel Brautarholt
Fosshotel Barón

Fosshotel Barón

8/10 Good
"Central location. Staff was helpful and friendly."
Linda 3-night trip
Posted 2 days ago
Fosshotel Barón
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"I got what I wanted from this hotel --- a good location, helpful staff, a yummy breakfast, a basic but clean room, etc. No issues at all and I would not hesitate to stay here again"
Andrew J. 1-night trip
Posted 5 days ago
Fosshotel Lind

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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