A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

Reykjavik Hotel Guide - Cheap Hotels in Reykjavik, Capital Region

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Our top choices for Reykjavik cheap hotels

ASKA Heiðmörk

ASKA Heiðmörk
3.0 star property
Kópavogur
8.8 out of 10, Excellent, (322 reviews)
"Place was clean. Automated check-in was smooth. Quiet property. Overall a good night stay."
United States
Abraham
The price is €138
includes taxes & fees
15 Jul - 16 Jul
ASKA Heiðmörk

Aska Hraun

Aska Hraun
2.0 star property
Hafnarfjörður
7.4 out of 10, Good, (12 reviews)
"Extremely clean and fresh, bed comfortable, good location."
United States
KERRY
The price is €167
includes taxes & fees
20 Jul - 21 Jul
Aska Hraun

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.0 out of 10, Very good, (1,018 reviews)
"Convenient location nearby Airport for a fly out night stay."
United States
Sagar
The price is €174
includes taxes & fees
3 Aug - 4 Aug
Hotel Duus

Blue Viking Pods

Blue Viking Pods
1.5 star property
Reykjanesbær
8.4 out of 10, Very good, (50 reviews)
"Very good for short term stays "
United States
Erica
The price is €118
includes taxes & fees
28 Jul - 29 Jul
Blue Viking Pods

Hotel Boli Keflavik

Hotel Boli Keflavik
2.0 star property
Reykjanesbaer
8.4 out of 10, Very good, (67 reviews)
The price is €163
includes taxes & fees
21 Jul - 22 Jul
Hotel Boli Keflavik

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (535 reviews)
"Such a great stay! Check in was easy, the place was clean, and perfect for a quick trip to Iceland!!"
United States
Ashley
The price is €141
includes taxes & fees
19 Jul - 20 Jul
CityHub Reykjavik

Fisherman's Village

Fisherman's Village
3.0 star property
Garðabær
9.2 out of 10, Wonderful, (1,013 reviews)
"Really stunning location, very quiet and you get to see horses roaming free near the rooms. Room is spacious and clean, some nice local eats around the area as well."
Canada
Yifei
The price is €184
includes taxes & fees
28 Jul - 29 Jul
Fisherman's Village

iStay Cottages

iStay Cottages
3.0 star property
Suðurnesjabær
9.2 out of 10, Wonderful, (455 reviews)
"Great place"
United States
Andrew
The price is €161
includes taxes & fees
28 Jul - 29 Jul
iStay Cottages

Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
3.0 star property
Reykjanesbær
8.6 out of 10, Excellent, (1,232 reviews)
"Restaurant on property is excellent"
United States
Donald
The price is €261
includes taxes & fees
17 Jul - 18 Jul
Konvin Hotel by Reykjavik Keflavik Airport

Hotel Vogar

Hotel Vogar
2.5 star property
Vogar
8.4 out of 10, Very good, (362 reviews)
"Very quiet, nice overall. It was in the area of Vogar between the airport and quite a distance from Reykjavik and I didn’t see much of anything in the area re restaurants or gas stations, etc."
United States
James
The price is €146
includes taxes & fees
15 Jul - 16 Jul
Hotel Vogar
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 offers a wealth of experiences for budget-conscious travellers looking to explore without breaking the bank. Start your adventure at the iconic Hallgrímskirkja, where a modest fee grants you access to the tower's viewing platform, offering breathtaking panoramic views of the city and surrounding landscapes. A stroll through the vibrant Laugavegur shopping street not only delights with its unique boutiques but also provides a chance to sample affordable street food; try the famous hot dogs from Bæjarins Beztu Pylsur, a local favourite. Don't miss the beautiful Tjörnin pond, where you can enjoy a peaceful walk and watch the local birdlife, all completely free. For a bit of culture, the National Museum of Iceland has an entrance fee that's easy on the wallet, showcasing the country's fascinating history. When it comes to accommodation, consider staying in the trendy downtown area, where numerous budget hotels and hostels are just a stone's throw from these attractions, making it convenient to explore on foot. This area is filled with charming cafes and restaurants, perfect for sampling local delicacies at reasonable prices, ensuring your family enjoys the best of Reykjavik without overspending.

Find the best cheap hotels in Reykjavik

For budget-conscious travellers visiting Reykjavik, these fantastic hotels offer excellent value without compromising on comfort or amenities. Each option ensures a pleasant stay while keeping costs down.

Guesthouse Sunna

  • Why it's great for a budget-friendly vacation: With an excellent traveler review rating of 9.2, Guesthouse Sunna is an excellent budget-friendly option for visitors to Reykjavik. The hotel features free Wi-Fi, self-parking, and nearby parking options, ensuring travelers can explore the city with ease without worrying about additional costs.
  • Other amenities: This guesthouse offers shared kitchen facilities, allowing travelers to prepare their own meals, while daily housekeeping contributes to a comfortable stay. Rooms are equipped with essential amenities, including microwaves and refrigerators. Additionally, rollaway beds are available at no charge, catering to diverse traveler needs.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.5 km, Hallgrimskirkja - 0.1 km, Reykjavik Free Church - 0.7 km

Rey Apartments

  • Why it's great for a budget-friendly vacation: Rey Apartments is a superb choice for budget travellers with a traveler review rating of 9.2, providing essential amenities at an affordable price. The hotel offers free Wi-Fi and a 24-hour airport shuttle, making it convenient for both arrivals and departures.
  • Other amenities: Guests can enjoy well-equipped rooms featuring kitchenettes, ovens, and refrigerators, perfect for those who prefer self-catering. Additional conveniences include a concierge service and the option for free street parking. Nearby locations provide opportunities for hiking and biking, ensuring travelers can explore the natural beauty of Iceland.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0 km, Hallgrimskirkja - 0.5 km, Reykjavik Free Church - 0.6 km

Storm Hotel by Keahotels

  • Why it's great for a budget-friendly vacation: Ideal for budget-conscious travellers, Storm Hotel by Keahotels offers a fantastic traveler review rating of 9.2 and a range of amenities that ensure a comfortable and affordable stay. Guests can relish a complimentary buffet breakfast each morning and enjoy free Wi-Fi throughout the hotel.
  • Other amenities: Additional features include free toiletries and cribs at no extra cost, making this hotel suitable for various traveler needs. Rooms are equipped with balconies or patios, offering a space to unwind, while the concierge service assists with local recommendations. Parking options are available, and the inviting snack bar serves light refreshments during the day.
  • Neighborhood: Laugardalur
  • Nearby attractions: Laugavegur - 0.1 km, Harpa - 1.4 km, Hallgrimskirkja - 1.5 km

Top Reykjavik Hotel Reviews

Frequently asked questions

What is Reykjavik like for travellers on a budget?
Reykjavik offers cheap accommodation options and a range of things to see and do, making it a great holiday choice for budget-conscious travellers. In addition to its well-known attractions such as Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and a restaurant. Other good options for your budget-friendly stay include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many cheap hotels should I expect to 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, but bear 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 temperature of 10°C, while the coldest months are December and January, with an average of 0°C. Average annual precipitation for Reykjavik is 1281 mm.
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 nearest airport is 1.2 mi (2 km) from the centre in Reykjavik (RKV-Reykjavik Domestic). However, if that doesn't suit your budget, you can look into flights to Keflavik International Airport (KEF), which is 23.2 mi (37.3 km) away. Reykjavik might not have many public transport choices so renting a car could be a reasonable alternative to see more of the area.

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