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 1 - Oct 2
Tomorrow
Oct 2 - Oct 3
This weekend
Oct 2 - Oct 4
Next weekend
Oct 9 - Oct 11

Our top choices for Reykjavik cheap hotels

A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
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.
A wine cellar with wooden shelves and a bench.

1. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paul
₩219,544
₩252,678 total
includes taxes & fees
Nov 1 - Nov 2
Hotel Von
A modern living room with a dark sofa, a round coffee table, and several potted plants.
A modern office space with a sofa, chairs, a table, and a large window.
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.

2. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
₩114,078
₩135,593 total
includes taxes & fees
Nov 1 - Nov 2
Old Town Reykjavik
Bar (on property)
Lobby sitting area
Exterior
Room

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Palani
₩136,372
₩160,323 total
includes taxes & fees
Oct 27 - Oct 28
KEX Hotel and Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A room with bunk beds, a desk, and a large window.
A spacious room with large windows, a television, and a wall decorated with musical instruments.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
₩134,693
₩158,493 total
includes taxes & fees
Oct 19 - Oct 20
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 parking lot with several cars and a building with multiple windows.
A modern lounge area with seating arrangements, a wooden table, and a large window with a view of the outside.
A modern kitchen with wooden cabinets, a black sink, and a microwave.

5. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
₩150,678
₩176,237 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 kitchen with a microwave, stove, and checkered backsplash.
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 staircase with white balusters and a white handrail, leading to a door with a brass doorknob.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
₩188,474
₩218,156 total
includes taxes & fees
Oct 12 - Oct 13
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
₩118,024
₩139,974 total
includes taxes & fees
Nov 1 - Nov 2
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
₩178,984
₩207,639 total
includes taxes & fees
Nov 1 - Nov 2
Start Hostel
A bunk bed in a room with a dark wall and a wooden floor.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
₩191,094
₩221,064 total
includes taxes & fees
Oct 13 - Oct 14
ASTIN ER SVARID HOSTEL
A restaurant interior with high ceilings, hanging plants, and a bar area.
A high-ceilinged room with a metal railing, a hanging light fixture, and a window with curtains.
A cozy indoor area with a bookshelf displaying travel books, a seating area with tables and chairs, and a decorative hanging plant.
A restaurant interior with round tables, chairs, hanging spherical lamps, and a large Christmas tree.

10. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
Kebba
₩516,913
₩582,751 total
includes taxes & fees
Oct 14 - Oct 15
Nordic Hostel
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

Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Excellent hotel in a very convenient location. The room was fairly spacious and immaculate. Also high-end bathroom products (including actual conditioner, which many hotels seem to have replaced with an ineffective shampoo + conditioner combo)"
Diane 2-night trip
Posted 1 hour ago
Alda Hotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Clean and comfortable room"
Roopalekha 4-night trip
Posted 22 hours ago
Alva Hotel Brautarholt
Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"The location was very good both for an easy walk into old town as well as getting on the road to visit the sites."
JANET 3-night trip
Posted 1 day ago
Fosshotel Reykjavik
Guesthouse Sunna

Guesthouse Sunna

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

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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