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 5 - Sep 6
Tomorrow
Sep 6 - Sep 7
Next weekend
Sep 11 - Sep 13
In two weeks
Sep 18 - Sep 20

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Dan Donna
₩186,405
₩215,926 total
includes taxes & fees
Sep 7 - Sep 8
CityHub Reykjavik

2. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
₩269,113
₩307,643 total
includes taxes & fees
Oct 6 - Oct 7
City Center Hotel

3. ASKA Heiðmörk

ASKA Heiðmörk
Vatnsendi
United States
Bermet
₩130,401
₩184,941 total
includes taxes & fees
Sep 9 - Sep 10
ASKA Heiðmörk

4. Hotel Viking

Hotel Viking
Hafnarfjordur
United States
Nimantha
₩209,534
₩241,510 total
includes taxes & fees
Sep 13 - Sep 14
Hotel Viking

5. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Eric
₩168,063
₩195,430 total
includes taxes & fees
Sep 14 - Sep 15
Hotel Cabin

6. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
₩191,786
₩221,809 total
includes taxes & fees
Sep 30 - Oct 1
Fisherman's Village

7. Strand Hotel Apartments

Strand Hotel Apartments
Hafnarfjörður
Canada
Shawn
₩124,882
₩241,354 total
includes taxes & fees
Sep 7 - Sep 8
Strand Hotel Apartments

8. iStay Cottages

iStay Cottages
Suðurnesjabær
United States
Hanna
₩122,320
₩144,702 total
includes taxes & fees
Sep 30 - Oct 1
iStay Cottages

9. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
₩261,896
₩299,585 total
includes taxes & fees
Sep 28 - Sep 29
Reykjavik Lights by Keahotels

10. Midtown Reykjavik by Heimaleiga

Midtown Reykjavik by Heimaleiga
Downtown Reykjavik
Canada
Lori
₩248,903
₩285,209 total
includes taxes & fees
Sep 16 - Sep 17
Midtown Reykjavik by Heimaleiga
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

Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"They helped with cheaper parking options around the hotel. Room was clean and comfortable."
Yelim 1-night trip
Posted 1 hour ago
Fosshotel Reykjavik
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"Hotel was lovely as was the restaurant.!! Everything was clean and it offered a convenient pick up spot for various tours. Only problem I had was they placed me in a lower level room right next to construction. Luckily I was out of the room most of the day so it didn’t really bother me."
Sarah 5-night trip
Posted 3 hours ago
Hotel Reykjavík Grand
Alva Hotel Brautarholt

Alva Hotel Brautarholt

8/10 Good
"Lots of construction going on during the day for renovation. Easy to get into room and it was nice to have luggage storage available. The bed needs a new mattress as there was a definite worn/slumped section."
Stephen 2-night trip
Posted 6 hours ago
Alva Hotel Brautarholt
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"great breakfast restaurant with a fabulous view. staff were excellnt. room was great. locations by bus stop 5 perfect."
Donald 2-night trip
Posted 8 hours ago
Center Hotels Arnarhvoll
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"Staff was great, hotel was within walking distance to all downtown restaurants and attractions."
robert m 8-night trip
Posted 10 hours ago
Fosshotel Lind
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Look location and very clean . We enjoyed the staying with them."
Ji Yon 1-night trip
Posted 2 days ago
Reykjavik Residence Apartment Hotel
Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Très bien situé. Dejeuner copieux et varié. Chambre confortable"
Benoit 1-night trip
Posted 2 days ago
Alda Hotel Reykjavik
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"Great breakfast and helpful staff"
Thomas 5-night trip
Posted 3 days ago
Miðgarður by Center Hotels

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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