Reykjavik Hotel Guide - Cheap Hotels in Reykjavik, Capital Region

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Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

201 Hotel

201 Hotel
4.0 star property
Kópavogur
8.6 out of 10, Excellent, (1,006 reviews)
"Everything about this hotel EXCEEDED our expectations! Excellent location, breakfast, and like-new clean rooms!"
United States
LAWRENCE
The price is €107
includes taxes & fees
25 May - 26 May
201 Hotel

Hotel Boli Keflavik

Hotel Boli Keflavik
2.0 star property
Reykjanesbaer
9.0 out of 10, Wonderful, (12 reviews)
"Our cleaning person was the best part of our stay here Roxanna I believe her name was made our stay wonderful!"
United States
Sandra
The price is €119
includes taxes & fees
18 May - 19 May
Hotel Boli Keflavik

Blue Viking Pods

Blue Viking Pods
1.5 star property
Reykjanesbær
9.2 out of 10, Wonderful, (23 reviews)
"Very good for short term stays "
United States
Erica
The price is €102
includes taxes & fees
18 May - 19 May
Blue Viking Pods

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (455 reviews)
"Excellent hostel."
United States
Katherine
The price is €87
includes taxes & fees
21 May - 22 May
CityHub Reykjavik

Lighthouse Inn

Lighthouse Inn
3.5 star property
Suðurnesjabær
9.8 out of 10, Exceptional, (1,007 reviews)
"Clean, great views, close to grocery and restaurant."
United States
Karen
The price is €146
includes taxes & fees
19 May - 20 May
Lighthouse Inn

Aska Hraun

Aska Hraun
2.0 star property
Hafnarfjörður
The price is €140
includes taxes & fees
18 May - 19 May
Aska Hraun

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.0 out of 10, Very good, (1,002 reviews)
"It was a very good place to stay near the airport"
United States
Rayza G
The price is €132
includes taxes & fees
20 May - 21 May
Hotel Duus

Fisherman's Village

Fisherman's Village
2.5 star property
Garðabær
9.2 out of 10, Wonderful, (1,000 reviews)
"Parking was easy, view was great. Would stay again "
United States
Brittany
The price is €127
includes taxes & fees
18 May - 19 May
Fisherman's Village

Reykjavik Natura - Berjaya Iceland Hotels

Reykjavik Natura - Berjaya Iceland Hotels
4.0 star property
Reykjavik
8.8 out of 10, Excellent, (1,003 reviews)
"Breakfast was delightful "
United States
Tina
The price is €129
includes taxes & fees
20 May - 21 May
Reykjavik Natura - Berjaya Iceland Hotels

Blue Viking Studios

Blue Viking Studios
2.0 star property
Reykjanesbær
9.4 out of 10, Exceptional, (3 reviews)
"The room size was comfortable enough for our needs, and everything was very clean. The location near the airport was really convenient, especially since we only used it for an overnight stay. However, the photos were a bit misleading—it looked like the room had an extra bed that wasn’t actually there. Overall, it worked well for a short stay, but the listing could be more accurate."
United States
ruhamey
The price is €127
includes taxes & fees
19 May - 20 May
Blue Viking Studios
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 Tjornin, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Old Town Reykjavik is a popular hotel for our travellers in search of a less expensive place to stay, and it offers free Wi-Fi. Other good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
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 Tjornin.
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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