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

Our top choices for Reykjavik cheap hotels

1. Hotel Viking

Hotel Viking
Hafnarfjordur
Canada
Brandy
€154
includes taxes & fees
7 Sept - 8 Sept
Hotel Viking

2. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Dan Donna
€137
includes taxes & fees
26 Aug - 27 Aug
CityHub Reykjavik

3. 201 Hotel

201 Hotel
Kópavogur
United States
PARAG J
€142
includes taxes & fees
15 Sept - 16 Sept
201 Hotel

4. ASKA Heiðmörk

ASKA Heiðmörk
Kópavogur
United States
Adrianne
€119
includes taxes & fees
31 Aug - 1 Sept
ASKA Heiðmörk

5. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
United States
FM
€136
includes taxes & fees
30 Aug - 31 Aug
Old Town Reykjavik

6. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Sharon
€161
includes taxes & fees
15 Sept - 16 Sept
Alva Hotel Brautarholt

7. Guesthouse Aurora

Guesthouse Aurora
Downtown Reykjavik
Canada
Piyush
€117
includes taxes & fees
20 Sept - 21 Sept
Guesthouse Aurora

8. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
€196
includes taxes & fees
15 Sept - 16 Sept
Reykjavik Lights by Keahotels

9. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Eric
€125
includes taxes & fees
13 Sept - 14 Sept
Hotel Cabin

10. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
€145
includes taxes & fees
30 Aug - 31 Aug
Fisherman's Village
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

Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"The hotel is well located, clean, comfortable and had a delicious breakfast buffet. We would stay there again if we go back to Reykjavik."
Lisa 2-night trip
Posted 1 hour ago
Alda Hotel Reykjavik
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 3 hours 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 12 hours ago
Miðgarður by Center Hotels
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Great location really nice property"
Garett 2-night trip
Posted 21 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 22 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 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, 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 Hotel Von 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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