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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Check availability on Reykjavik Cheap Hotels

Tonight
11 Aug - 12 Aug
Tomorrow
12 Aug - 13 Aug
This weekend
14 Aug - 16 Aug
Next weekend
21 Aug - 23 Aug

Our top choices for Reykjavik cheap hotels

1. 201 Hotel

201 Hotel
Kópavogur
United States
Karen
€177
includes taxes & fees
7 Sept - 8 Sept
201 Hotel

2. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
€255
includes taxes & fees
1 Sept - 2 Sept
Reykjavik Lights by Keahotels

3. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Ingrid
€143
includes taxes & fees
19 Aug - 20 Aug
CityHub Reykjavik

4. Hotel Fron

Hotel Fron
Downtown Reykjavik
Canada
Nancy
€194
includes taxes & fees
19 Aug - 20 Aug
Hotel Fron

5. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Eduardo
€175
includes taxes & fees
24 Aug - 25 Aug
Alva Hotel Brautarholt

6. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United Kingdom
Peter
€254
includes taxes & fees
1 Sept - 2 Sept
Konvin Hotel by Reykjavik Keflavik Airport

7. Hotel Reykjavík Grand

Hotel Reykjavík Grand
Laugardalur
United States
James
€266
includes taxes & fees
11 Sept - 12 Sept
Hotel Reykjavík Grand

8. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Gustavo Londono
€243
includes taxes & fees
9 Sept - 10 Sept
Hotel Von

9. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Eric
€218
includes taxes & fees
8 Sept - 9 Sept
City Center Hotel

10. Grandi by Center Hotels

Grandi by Center Hotels
Vesturbær
Canada
Tammy
€333
includes taxes & fees
7 Sept - 8 Sept
Grandi by Center Hotels
View all properties

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

Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"The property was in an excellent location for our travels."
James 2-night trip
Posted 4 hours ago
Hotel Reykjavík Grand
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"Everything was fantastic!! The breakfast was clutch, the rooms were amazing and staff was super helpful! I loved how close this hotel is to alot of the sights and things to do while you're visiting! Huge food scene just around the corner! My only advice is to people driving here, they have free parking for guests but very limited spaces. Luckily the street parking is free after 9pm. Other than that, I'd highly recommend this hotel to anyone travelling to Reykjavik"
Kristen 6-night trip
Posted 12 hours ago
Fosshotel Lind
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Excellent hotel. Huge room, great location and friendly staff. Will stay again here."
Sesh 3-night trip
Posted 15 hours ago
Reykjavik Residence Apartment Hotel
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"This hotel was very convenient to downtown. Within walking distance of everything we needed. The staff was great. The only thing that was a bit difficult was that the room itself had low angles in the ceiling and above the tub so we really had to be careful not to bang our heads."
Roberta 2-night trip
Posted 20 hours ago
Center Hotels Plaza
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Hotel was easy to gain access and met our needs for the evening. Room was very clean and updated."
Gregory 1-night trip
Posted 1 day ago
Alva Hotel Brautarholt
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

8/10 Good
"Room was clean but because of the post pride parade party the hotel was a bit of a mess. The outdoor top deck had broken glass, cig butts, etc. And, it needed some seating. The shower in the standard room is a joke. Tiny and the entire bathroom gets wet when you shower. Very quiet and a good location"
Ann 2-night trip
Posted 2 days ago
Center Hotels Arnarhvoll
Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"Lovely hotel in Reykjavik, rooms are fairly compact but clean and very comfortable. Breakfast was fine, the same every morning, but enough to get you going for the day."
Jill 4-night trip
Posted 2 days ago
Miðgarður by Center Hotels

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, 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 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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