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Reykjavik Hotel Guide - Cheap Hotels in Reykjavik, Capital Region

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Travellers Enjoyed These Cheap Hotels

Castle House Luxury Apartments
3 out of 5
Skálholtsstígur 2a, Reykjavik
The price is €77 per night
4.6/5Exceptional! (1,065 reviews)

"I had a great stay, and would consider staying here again. Great communication, checkin was simple and it was within walking distance to many places."…"

Reviewed on 27 Feb 2020

Castle House Luxury Apartments
Northern Comfort Apartments
3 out of 5
Skipholti 15, Reykjavik
Get Rates
4.6/5Exceptional! (310 reviews)
Reykjavík stay

"Lovely set of apartments, close to Reykjavík, took us about 5 minutes and you’re on the Main Street but there’s a supermarket next door and a few bakeries on the way! Very clean, we were offered new towels each day, lots of information left out on things to do and things you may not know. Would definetly ..."…"

Reviewed on 23 Nov 2019

Northern Comfort Apartments
Icelandic Apartments
4 out of 5
Urdarhvarf 4, Kopavogur
The price is €105 per night
4.6/5Wonderful! (896 reviews)

"Good value and location, and the room was quite spacious and warm in winter. However, the bed wasn't the most comfortable. Do note that the showers have a sulphur smell (though I believe most places in the area's hot water has the same smell). Enjoyed the place and loved having the kitchen."…"

Reviewed on 19 May 2020

Icelandic Apartments
Icelandair Hotel Reykjavik Marina
4 out of 5
Mýrargata 2, Reykjavik
Free cancellationReserve now, pay when you stay
The price is €144 per night
4.4/5Excellent! (994 reviews)

"The shower was ridiculous. It was an open floor concept and it got water everywhere! The bathroom door was even warped. If you're not going to fix it, at least get a bigger curtain!"…"

Reviewed on 20 Mar 2020

Icelandair Hotel Reykjavik Marina
22 Hill Hotel
3 out of 5
Brautarholt 22-24, Reykjavik
Free cancellationReserve now, pay when you stay
The price is €99 per night
4.3/5Excellent! (971 reviews)

"Great budget hotel with friendly staff and coffee service available 24/7. We got an upgrade upon arrival which was a great surprise. Room was clean and view from the wondow very noce, facing the sea. I would only recommend offering different breakfast items based on day of week, because every day ..."…"

Reviewed on 12 Jul 2020

22 Hill Hotel
T10 Hotel Iceland
3 out of 5
Tronuhrauni 10, Hafnarfjordur
The price is €66 per night
4.3/5Excellent! (586 reviews)

"Enjoy the facilities (tea coffee et cetera). Staff very helpful. Good choice and breakfast."…"

Reviewed on 12 Feb 2020

T10 Hotel Iceland
Kef Guesthouse by Keflavík airport
3 out of 5
Grænásvegur 10, Reykjanesbær, Reykjanesbaer
The price is €100 per night
4.2/5Excellent! (552 reviews)

"Excellent shuttle service to and from the airport, warm, clean accommodation"…"

Reviewed on 9 Mar 2020

Kef Guesthouse by Keflavík airport
Thor Guesthouse
2 out of 5
Skolavordustig 16, Reykjavik
Get Rates
4.2/5Very Good! (359 reviews)

"The owners are very attentive to our needs. We were there during the Covid-19 crisis and had to leave Iceland. But their hospitality and prompt attention made such a favourable view of the country. Thank you! You made our short stay good!"…"

Reviewed on 16 Mar 2020

Thor Guesthouse
Hlemmur Square
3 out of 5
Laugavegur 105, Reykjavik
Free cancellationReserve now, pay when you stay
The price is €79 per night
4.2/5Very Good! (645 reviews)

"Great location. Bar has some really nice local beers. Rooms and beds are clean."…"

Reviewed on 20 Mar 2020

Hlemmur Square
Stay Apartments Bolholt
3 out of 5
Bolholt 6, Reykjavik
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4.1/5Very Good! (687 reviews)

"Apartment was clean. Parking always available. Shower was fantastic."…"

Reviewed on 15 Mar 2020

Stay Apartments Bolholt
BB Hotel by Keflavik Airport
3 out of 5
Keilisbraut 762, Reykjanesbaer
Free cancellationReserve now, pay when you stay
The price is €92 per night
4.1/5Very Good! (1,148 reviews)

"We stayed here for a long layover from KEF. The shuttle service was similar to an Uber. They made it easy to find them at the airport and brought us right to our destination. The rooms were clean, comfortable, and affordable. Highly recommended for a short stay!"…"

Reviewed on 16 Mar 2020

BB Hotel by Keflavik Airport
Brim hotel
2.5 out of 5
Skipholt 27, Reykjavik
Free cancellationReserve now, pay when you stay
The price is €66 per night
4/5Very Good! (382 reviews)

"Only there for 5 hours sleep ........................................"…"

Reviewed on 12 Dec 2019

Brim hotel
Fosshotel Raudara
3 out of 5
Raudararstigur 37, Reykjavik
Get Rates
4/5Very Good! (372 reviews)

"Great for our first night. Covered parking was very helpful since it snowed during the night."…"

Reviewed on 8 Mar 2020

Fosshotel Raudara
Iceland Comfort Apartments
2.5 out of 5
Hamraborg 7, Kopavogur
The price is €74 per night
3.9/5Very Good! (789 reviews)

"I enjoyed the location and hospitality received from management. We could have used more towels/cable. It is a older building, could use an upgrade."…"

Reviewed on 9 Jan 2020

Iceland Comfort Apartments
 Base Hotel by Keflavik Airport
3 out of 5
Valhallarbraut 756-757, Asbru, Reykjanesbaer
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3.9/5Very Good! (1,121 reviews)

"The location, it’s only few mins drive away to/from the airport."…"

Reviewed on 10 Apr 2020

Base Hotel by Keflavik Airport
Hotel Cabin
2 out of 5
Borgartuni 32, Reykjavik
Free cancellationReserve now, pay when you stay
The price is €58 per night
3.7/5Good! (921 reviews)

"A little far from downtown harbor area. Bus stop convenient though. Some confusion with Blue Lagoon pick up since their website referred to you as Cabin Hotel instead of Hotel Cabin. Was unsure if this was two different hotels."…"

Reviewed on 26 Feb 2020

Hotel Cabin
The Capital-Inn
2 out of 5
Sudurhlid 35d, Reykjavik
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3.6/5Good! (683 reviews)

"It was very clean and the beds were very comfortable. I just wish the room was a bit bigger. Also when I booked online it stated there was an in room sink. Our room did not have this, only a tv a small dresser and the beds."…"

Reviewed on 6 Oct 2019

The Capital-Inn
Travel Inn Guesthouse
2.5 out of 5
Soleyjargata 31, Reykjavik
The price is €49 per night
3/5 (307 reviews)

"Comfortable beds and so close to the city centre, it was perfect 😊"…"

Reviewed on 4 Jan 2020

Travel Inn Guesthouse
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Pocket Guide: Cheap Hotels in Reykjavik

Search for hotels in Reykjavik on Expedia. You can easily find your hotels in Reykjavik using one of the methods below:

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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 Blue Lagoon and Reykjavik City Hall, this destination is home to Reykjavik Pond and Reykjanes UNESCO Global Geopark, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Iceland Comfort Apartments is a popular 2.5-star apartment for our travellers looking for an economical choice, and features free WiFi and free parking. Other good options for your budget-friendly stay include Brim hotel and 22 Hill Hotel.
What's the seasonal weather in Reykjavik?
The hottest months are usually July and August, with an average temperature of 10°C, while the coldest months are January and February, with an average of 1°C. Average annual rainfall for Reykjavik is 805 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 on your list, such as Reykjavik City Hall and Reykjavik Harbour, and then make time for other wallet-friendly activities. If you’re looking to enjoy the area’s natural beauty, you can get outdoors at Blue Lagoon, Reykjavik Pond or Nautholsvik Geothermal Beach.
What's the best way to get around Reykjavik?
The nearest airport is 23.2 mi (37.3 km) from the centre in Reykjavik (KEF-Keflavik Intl.). However, if that doesn’t suit your budget, you can look into flights to Reykjavik (RKV-Reykjavik Domestic), which is 1.2 mi (2 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.

Travelers loved these Cheap Hotels

More trip options

What's the best budget-friendly accommodation in Reykjavik?

Based on reviews, Brim hotel is a popular 2.5-star hotel for our travellers looking for an economical choice, and features free WiFi and free parking. Other good options to stay on the cheap include Travel Inn Guesthouse and Hlemmur Square.

What is staying in Reykjavik like?

Travellers to Reykjavik give high marks for the local tours, fascinating museums, and abundant cafés. Walkable and welcoming, this city will delight tourists with its northern lights, shopping, and restaurants. Top sights in the city include Reykjavik City Hall, Reykjavik Harbour, and National Museum of Iceland. In Reykjavik, there are 560 hotels and other accommodation to choose from.

What's the best place to stay in Reykjavik?

Eyvindarholt Guesthouse is a favourite with Expedia customers. This 3.5-star guesthouse offers free breakfast and an outdoor pool. Reviews from our site also recommend Guesthouse 1x6 and Freyja Guesthouse & Suites as top options for your stay.

Reykjavík 101 is a walkable neighbourhood known for its lively bars and cozy coffeehouses. Other favourite areas in Reykjavik include Vesturbær and Reykjavík East.

What's the best place to stay in Reykjavík 101?

With 277 lodging options to choose from in this neighbourhood, you're sure to find what you're looking for as you plan your trip. Based on Expedia customer reviews, Freyja Guesthouse & Suites is the highest ranked property in Reykjavík 101. This guesthouse is steps from Hallgrimskirkja, and offers free WiFi and free parking. Other favourite options in the area include Reykjavik Treasure and Alda Hotel Reykjavik.

What are the top places to visit in Reykjavik?

Well-known for its museums, the city's cultural venues include National Museum of Iceland, Harpa, and Reykjavik City Museum. Attractions like Laugardalslaug Geothermal Pool, Arbaejarlaug, and Vesturbaejarlaug Swimming Pool are fun for kids of all ages. The city is notable for landmarks like Hallgrimskirkja, Perlan, and National Cathedral.

What's the best place to stay close to Blue Lagoon?

Northern Light Inn is one of the top choices for your stay based on our traveller data, and this 3-star hotel offers free breakfast and a restaurant. It's located just a short 0.6 mi (1 km) from Blue Lagoon. Other good choices within 5 miles include The Retreat at Blue Lagoon Iceland and Geo Hotel Grindavik.