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

1. Kvosin Downtown Hotel

Kvosin Downtown Hotel
4.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (1,003 reviews)
"Clean, friendly and conveniently located for a family holiday."
United Kingdom
Mark
The price is €163
includes taxes & fees
8 Nov - 9 Nov
Kvosin Downtown Hotel

2. Black Pearl Luxury Apartments

Black Pearl Luxury Apartments
4.5 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (787 reviews)
"Have stayed here more than once and it’s always a great place. Staff is always pleasant helpful and well informed, and it’s a truly great location."
United States
Dan
The price is €274
includes taxes & fees
29 Nov - 30 Nov
Black Pearl Luxury Apartments

3. Old Charm Reykjavik Apartments

Old Charm Reykjavik Apartments
3.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (147 reviews)
"The location was great and we appreciated the onsite parking. Cute apartment and very clean. The beds and pillows were excellent. "
United States
Jennifer
The price is €177
includes taxes & fees
4 Nov - 5 Nov
Old Charm Reykjavik Apartments

4. Hotel Reykjavik Saga

Hotel Reykjavik Saga
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (820 reviews)
"Great location."
Canada
Sukhwant
The price is €267
includes taxes & fees
17 Nov - 18 Nov
Hotel Reykjavik Saga

5. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (405 reviews)
"Great staff and hotel!"
United States
Shannon
The price is €268
includes taxes & fees
10 Nov - 11 Nov
Reykjavik Konsulat Hotel, Curio Collection by Hilton

6. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,503 reviews)
"Great location and place for families to stay"
United States
Debra
The price is €203
includes taxes & fees
2 Dec - 3 Dec
Reykjavik Residence Apartment Hotel

7. Reykjavik Treasure

Reykjavik Treasure
3.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (259 reviews)
"This location was absolutely perfect clean cozy wonderful breakfast in the morning and convenient to walk into the city would definitely stay again !"
United States
Deanna
The price is €204
includes taxes & fees
8 Nov - 9 Nov
Reykjavik Treasure

8. Freyja Guesthouse & Suites

Freyja Guesthouse & Suites
2.5 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (424 reviews)
"We love our stay here. "
United States
Sunny
The price is €347
includes taxes & fees
9 Nov - 10 Nov
Freyja Guesthouse & Suites

9. Grandi by Center Hotels

Grandi by Center Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,666 reviews)
"Lovely hotel in great location - good restaurant with many other good options nearby. Great coffee shop in foyer."
Australia
Gordon
The price is €185
includes taxes & fees
2 Dec - 3 Dec
Grandi by Center Hotels

10. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,007 reviews)
"Lovely hotel by the old harbour. Perfect for our week in Reykjavik with easy access to the golden circle and more"
United Kingdom
Daniel
The price is €127
includes taxes & fees
1 Dec - 2 Dec
Reykjavik Marina - Berjaya Iceland Hotels

11. Hotel Local 101

Hotel Local 101
3.0 star property
Vesturbær
9.4 out of 10, Exceptional, (327 reviews)
"Great location, very lovely staff, cute bar/restaurant."
Canada
Heather
The price is €123
includes taxes & fees
3 Dec - 4 Dec
Hotel Local 101

12. Sand Hotel by Keahotels

Sand Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,006 reviews)
"Staff was excellent, so welcoming. Truly enjoyed my stay and would stay at the Sand again."
United States
Ruth Anne
The price is €210
includes taxes & fees
1 Dec - 2 Dec
Sand Hotel by Keahotels

13. Canopy by Hilton Reykjavik City Centre

Canopy by Hilton Reykjavik City Centre
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,004 reviews)
"Great location, nice room, and a great breakfast!"
United States
Tina
The price is €249
includes taxes & fees
22 Nov - 23 Nov
Canopy by Hilton Reykjavik City Centre

14. Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,004 reviews)
"I liked the location, the breakfast, the comfort of the bed, and the shampoo and conditioner!"
United States
Jamie
The price is €178
includes taxes & fees
23 Nov - 24 Nov
Hotel Reykjavik Centrum

15. Torg Apartments

Torg Apartments
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (353 reviews)
"Very centrally located, and the apartment was nice and bright."
United States
Susan
The price is €157
includes taxes & fees
8 Nov - 9 Nov
Torg Apartments

16. ION City Hotel, a Member of Design Hotels

ION City Hotel, a Member of Design Hotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (301 reviews)
"Clean room Amazing staff Everything is close by"
United States
Youssef
The price is €228
includes taxes & fees
23 Nov - 24 Nov
ION City Hotel, a Member of Design Hotels

17. Vintage Apartment Hotel

Vintage Apartment Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (230 reviews)
"Great location and great room. We had a great stay"
United States
travis
The price is €195
includes taxes & fees
17 Nov - 18 Nov
Vintage Apartment Hotel

18. The Reykjavik EDITION

The Reykjavik EDITION
5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (707 reviews)
"Always stay here when I’m in Reykjavik!"
United States
Melia
The price is €404
includes taxes & fees
26 Nov - 27 Nov
The Reykjavik EDITION

19. Castle House Luxury Apartments

Castle House Luxury Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,185 reviews)
"Location was excellent. Walkable to main streets. Parking not impossible with reasonable effort."
United States
thomas
The price is €166
includes taxes & fees
1 Dec - 2 Dec
Castle House Luxury Apartments

20. Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,406 reviews)
"Great stay."
United States
joanne
The price is €171
includes taxes & fees
2 Dec - 3 Dec
Alda Hotel Reykjavik
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, 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 13 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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