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, (1,004 reviews)
"Clean, friendly and conveniently located for a family holiday."
United Kingdom
Mark
The price is ₩233,726
₩268,414 total
includes taxes & fees
Nov 9 - Nov 10
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)
"Brilliant location, excellent clean apartment, all amenities present, can’t get any better than this!"
United Kingdom
sudeshna
The price is ₩367,735
₩417,147 total
includes taxes & fees
Dec 7 - Dec 8
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 ₩263,389
₩301,340 total
includes taxes & fees
Nov 11 - Nov 12
Old Charm Reykjavik Apartments

4. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,511 reviews)
"Great location and place for families to stay"
United States
Debra
The price is ₩251,090
₩287,688 total
includes taxes & fees
Dec 2 - Dec 3
Reykjavik Residence Apartment Hotel

5. Iceland Parliament Hotel, Curio Collection By Hilton

Iceland Parliament Hotel, Curio Collection By Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (353 reviews)
"Great hotel with exceptionally nice staff and terrific spa facilities. Centrally located, very walkable, nice restaurant."
United States
Olivia
The price is ₩349,179
₩396,486 total
includes taxes & fees
Nov 23 - Nov 24
Iceland Parliament Hotel, Curio Collection By Hilton

6. Hotel Reykjavik Saga

Hotel Reykjavik Saga
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (825 reviews)
"Great location."
Canada
Sukhwant
The price is ₩356,693
₩404,827 total
includes taxes & fees
Nov 22 - Nov 23
Hotel Reykjavik Saga

7. Reykjavik Treasure

Reykjavik Treasure
3.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (260 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 ₩271,667
₩310,511 total
includes taxes & fees
Nov 8 - Nov 9
Reykjavik Treasure

8. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,001 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 ₩164,679
₩191,707 total
includes taxes & fees
Dec 1 - Dec 2
Reykjavik Marina - Berjaya Iceland Hotels

9. 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 ₩244,510
₩280,303 total
includes taxes & fees
Dec 2 - Dec 3
Grandi by Center Hotels

10. 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 ₩136,454
₩241,484 total
includes taxes & fees
Nov 9 - Nov 10
Castle House Luxury Apartments

11. Apotek Hotel by Keahotels

Apotek Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,003 reviews)
"Great location"
Canada
Kenneth
The price is ₩267,485
₩305,869 total
includes taxes & fees
Dec 2 - Dec 3
Apotek Hotel by Keahotels

12. Hotel Local 101

Hotel Local 101
3.0 star property
Vesturbær
9.4 out of 10, Exceptional, (329 reviews)
"Great location, very lovely staff, cute bar/restaurant."
Canada
Heather
The price is ₩160,768
₩187,352 total
includes taxes & fees
Dec 7 - Dec 8
Hotel Local 101

13. 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 ₩489,886
₩552,734 total
includes taxes & fees
Nov 9 - Nov 10
Freyja Guesthouse & Suites

14. Canopy by Hilton Reykjavik City Centre

Canopy by Hilton Reykjavik City Centre
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Great location, nice room, and a great breakfast!"
United States
Tina
The price is ₩332,146
₩377,579 total
includes taxes & fees
Nov 28 - Nov 29
Canopy by Hilton Reykjavik City Centre

15. 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, (407 reviews)
"Fantastic location. Beautiful hotel. Friendly staff."
Canada
Laura Monica
The price is ₩341,514
₩387,978 total
includes taxes & fees
Dec 1 - Dec 2
Reykjavik Konsulat Hotel, Curio Collection by Hilton

16. Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,004 reviews)
"I liked the location, the breakfast, the comfort of the bed, and the shampoo and conditioner!"
United States
Jamie
The price is ₩235,358
₩270,144 total
includes taxes & fees
Nov 23 - Nov 24
Hotel Reykjavik Centrum

17. 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 ₩208,607
₩316,584 total
includes taxes & fees
Nov 18 - Nov 19
Vintage Apartment Hotel

18. Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,417 reviews)
"Great stay."
United States
joanne
The price is ₩224,690
₩258,319 total
includes taxes & fees
Nov 23 - Nov 24
Alda Hotel Reykjavik

19. 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 ₩221,909
₩255,297 total
includes taxes & fees
Nov 19 - Nov 20
Torg Apartments

20. 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 ₩149,548
₩266,242 total
includes taxes & fees
Nov 9 - Nov 10
Reykjavik4you 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

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.