Reykjavik Hotel Guide - Cheap Hotels in Reykjavik, Capital Region

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Our top choices for Reykjavik cheap hotels

Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
3.0 star property
Reykjanesbær
8.6 out of 10, Excellent, (1105)
"Very friendly staff. "
United States
Grant
Konvin Hotel by Reykjavik Keflavik Airport

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF
3.0 star property
Suðurnesjabær
8.8 out of 10, Excellent, (1652)
"Nice staff and a great breakfast."
Australia
Garry
The price is €146
includes taxes & fees
23 Jan - 24 Jan 2026
Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Lighthouse Inn

Lighthouse Inn
3.5 star property
Suðurnesjabær
9.8 out of 10, Exceptional, (1001)
"Staff was friendly and room was comfortable for our 2 night stay."
United States
Jedidiah
Lighthouse Inn

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.2 out of 10, Very good, (1001)
"The dinner was fantastic. Minke whale and Monkfish on the menu, and these are both very populous in the area. It was interesting and delicious to try. "
Canada
Nadia
The price is €108
includes taxes & fees
4 Jan - 5 Jan 2026
Hotel Duus

Alva Hotel Brautarholt

Alva Hotel Brautarholt
3.0 star property
Holt
8.2 out of 10, Very good, (1000)
"Room was clean and warm, everything we needed was there. Thank you!"
United Kingdom
Emily
The price is €85
includes taxes & fees
12 Jan - 13 Jan 2026
Alva Hotel Brautarholt

Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
3.0 star property
Háaleiti
9.2 out of 10, Wonderful, (1000)
"I really enjoyed the room and the friendliness of the staff. The breakfast was also nice. "
United States
Douglas
The price is €127
includes taxes & fees
3 Jan - 4 Jan 2026
Reykjavik Lights by Keahotels

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (369)
"Perfect stay for a solo traveler. Comfortable, clean and great location. "
United States
Jéssica
The price is €99
includes taxes & fees
28 Jan - 29 Jan 2026
CityHub Reykjavik

Reykjavik Natura - Berjaya Iceland Hotels

Reykjavik Natura - Berjaya Iceland Hotels
4.0 star property
Reykjavik
8.8 out of 10, Excellent, (1003)
"Lovely and clean and great spa facilities "
United Kingdom
Rebecca
The price is €102
includes taxes & fees
29 Dec - 30 Dec
Reykjavik Natura - Berjaya Iceland Hotels

Miðgarður by Center Hotels

Miðgarður by Center Hotels
4.0 star property
Tún
9.4 out of 10, Exceptional, (1219)
"pleasant stay"
United Kingdom
Ann
The price is €152
includes taxes & fees
10 Jan - 11 Jan 2026
Miðgarður by Center Hotels

Hotel Keflavik by Reykjavik Keflavik Airport

Hotel Keflavik by Reykjavik Keflavik Airport
4.0 star property
Reykjanesbær
8.8 out of 10, Excellent, (1000)
"Great customer care, spotless room and wonderful restaurant. "
United Kingdom
Bryan
The price is €156
includes taxes & fees
20 Jan - 21 Jan 2026
Hotel Keflavik by Reykjavik Keflavik Airport
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, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and a bar. Other good options for your budget-friendly stay include KEX Hostel and Hotel Reykjavik and Hostel B47.
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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