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
Aug 25 - Aug 26
Tomorrow
Aug 26 - Aug 27
This weekend
Aug 28 - Aug 30
Next weekend
Sep 4 - Sep 6

Our top choices for Reykjavik cheap hotels

1. Hotel Viking

Hotel Viking
Hafnarfjordur
Canada
Brandy
₩228,152
₩262,322 total
includes taxes & fees
Sep 1 - Sep 2
Hotel Viking

2. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Dan Donna
₩191,058
₩221,186 total
includes taxes & fees
Aug 26 - Aug 27
CityHub Reykjavik

3. 201 Hotel

201 Hotel
Kópavogur
United States
PARAG J
₩199,090
₩230,102 total
includes taxes & fees
Sep 15 - Sep 16
201 Hotel

4. ASKA Heiðmörk

ASKA Heiðmörk
Kópavogur
United States
Adrianne
₩135,483
₩191,691 total
includes taxes & fees
Aug 31 - Sep 1
ASKA Heiðmörk

5. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
United States
FM
₩188,595
₩218,413 total
includes taxes & fees
Aug 30 - Aug 31
Old Town Reykjavik

6. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Sharon
₩225,497
₩259,375 total
includes taxes & fees
Sep 15 - Sep 16
Alva Hotel Brautarholt

7. Guesthouse Aurora

Guesthouse Aurora
Downtown Reykjavik
Canada
Piyush
₩164,920
₩192,134 total
includes taxes & fees
Sep 22 - Sep 23
Guesthouse Aurora

8. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
₩285,997
₩326,601 total
includes taxes & fees
Sep 15 - Sep 16
Reykjavik Lights by Keahotels

9. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Eric
₩173,292
₩201,492 total
includes taxes & fees
Sep 13 - Sep 14
Hotel Cabin

10. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
₩218,312
₩251,438 total
includes taxes & fees
Aug 31 - Sep 1
Fisherman's Village
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

Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"Great location. Status very helpful. Breakfast was very good. Clean room."
Arul 1-night trip
Posted 1 hour ago
Hotel Reykjavík Grand
Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"We stayed there 2 nights, clean room but small tvs, and one of them not working properly, convenient location, buffet ok"
ALEJANDRO 2-night trip
Posted 11 hours ago
Miðgarður by Center Hotels
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"The location was ideal, the room comfortable and the.breakfast delicious"
Raquel 1-night trip
Posted 18 hours ago
Alda Hotel Reykjavik
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Great location really nice property"
Garett 2-night trip
Posted 19 hours ago
Fosshotel Reykjavik
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"Excellent location overlooking the Harpa and harbor. Very close to center town and rainbow street. Great restaurants and shopping options nearby. The happy hour drinks were a nice perk and the rooms were small but comfortable. Shower mechanism is a bit old style but functional. FYI: directly across the street from the cruise shuttle drop off."
Cheryl 1-night trip
Posted 20 hours ago
Center Hotels Arnarhvoll
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Hooo"
William 1-night trip
Posted 2 days ago
Alva Hotel Brautarholt
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Perfect location in the heart of down-town Reykjavik. Full, but tiny, kitchen and a great breakfast delivered to your door every day. Even only two blocks from the Airport Flybus pickup for convenience to getting to and from the airport. Staff were very nice and accommodating - free luggage storage if you have to wait for check-in or check out before you're ready for your flight."
Karen 3-night trip
Posted 4 days ago
Reykjavik Residence Apartment Hotel

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 Hotel Von and KEX Hotel and Hostel Reykjavik.
How many inexpensive hotels will I find in Reykjavik?
Expedia has 14 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, Nautholsvik Geothermal Beach, or Oskjuhlid Hill.
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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