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
20 Oct - 21 Oct
Tomorrow
21 Oct - 22 Oct
This weekend
23 Oct - 25 Oct
Next weekend
30 Oct - 1 Nov

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
Canada
Chloe
€99
includes taxes & fees
4 Nov - 5 Nov
CityHub Reykjavik

2. Alda Hotel Reykjavik

Alda Hotel Reykjavik
Downtown Reykjavik
United States
joanne
€184
includes taxes & fees
9 Nov - 10 Nov
Alda Hotel Reykjavik

3. Grandi by Center Hotels

Grandi by Center Hotels
Vesturbær
United States
Bethney L
€185
includes taxes & fees
2 Nov - 3 Nov
Grandi by Center Hotels

4. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
Downtown Reykjavik
United States
Jenina
€218
includes taxes & fees
2 Nov - 3 Nov
Reykjavik Residence Apartment Hotel

5. Hotel Reykjavík Grand

Hotel Reykjavík Grand
Laugardalur
United States
Matthew
€192
includes taxes & fees
21 Oct - 22 Oct
Hotel Reykjavík Grand

6. Center Hotels Arnarhvoll

Center Hotels Arnarhvoll
Downtown Reykjavik
United States
Michael
€168
includes taxes & fees
26 Oct - 27 Oct
Center Hotels Arnarhvoll

7. Miðgarður by Center Hotels

Miðgarður by Center Hotels
Tún
United States
Kennedy
€196
includes taxes & fees
20 Nov - 21 Nov
Miðgarður by Center Hotels

8. Center Hotels Plaza

Center Hotels Plaza
Downtown Reykjavik
United States
Marilyn
€168
includes taxes & fees
26 Oct - 27 Oct
Center Hotels Plaza

9. Fosshotel Reykjavik

Fosshotel Reykjavik
Laugardalur
Canada
Carron
€183
includes taxes & fees
21 Oct - 22 Oct
Fosshotel Reykjavik

10. Exeter Hotel

Exeter Hotel
Downtown Reykjavik
United States
Victor
€184
includes taxes & fees
17 Nov - 18 Nov
Exeter Hotel
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

Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"The furniture is outdated and room is very basic and relatively just call 3-3.5 stars hotel.However, location is convenient next to bus #12 which it helps for any tours you sign up."
Karen 3-night trip
Posted 1 hour ago
Fosshotel Reykjavik
Center Hotels Plaza

Center Hotels Plaza

8/10 Good
"Location is great, right in the center of downtown for restaurants, shopping and some attractions. On a Friday and Saturday nights, it gets noisy as our room was just in front of the plaza. Taxis are very accessible. The hotel only has breakfast available with pay."
Aquilina 5-night trip
Posted 2 hours ago
Center Hotels Plaza
Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"The hotel, staff and breakfast were great but parking is a premium so make sure you download the Parka App before arriving so that you can easily pay for on-street parking"
Neil 2-night trip
Posted 6 hours ago
Miðgarður by Center Hotels
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Great stay."
joanne 1-night trip
Posted 21 hours ago
Alda Hotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Great location, overall great experience"
Chui Wa 2-night trip
Posted 1 day ago
Alva Hotel Brautarholt
Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels

10/10 Excellent
"Nice room - clean functional, adequate size. Very stylish and expansive series of cozy settings in the ground-floor lobby area (library, cinema, lounge, bar, etc.) that we enjoyed hanging out in. Quite walkable location. No hotel parking, but on-street parking was easy with parking app."
Richard 2-night trip
Posted 2 days ago
Reykjavik Marina - Berjaya Iceland 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, 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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