Reykjavik Hotel Guide - Cheap Hotels in Reykjavik, Capital Region

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Top Reykjavik Cheap Hotels

Hotel Von
Restaurant
Hotel Von
3.5 star property
9.4 out of 10, Exceptional, (1012)
"Wonderful stay"
The price is €157
includes taxes & fees
12 Nov - 13 Nov
Hotel Von
Grandi by Center Hotels
Sauna, hot tub, 3 treatment rooms, massages
Grandi by Center Hotels
4.0 star property
9.4 out of 10, Exceptional, (1344)
"Great hotel, very clean, awesome staff, will stay again! "
The price is €204
includes taxes & fees
26 Oct - 27 Oct
Grandi by Center Hotels
Fosshotel Barón
Lobby sitting area
Fosshotel Barón
3.0 star property
8.6 out of 10, Excellent, (1013)
"Great location near touristic places, nice staff"
The price is €161
includes taxes & fees
1 Nov - 2 Nov
Fosshotel Barón
Exeter Hotel
Property entrance
Exeter Hotel
4.0 star property
9.4 out of 10, Exceptional, (1011)
"Excellent location with friendly staff."
The price is €189
includes taxes & fees
11 Nov - 12 Nov
Exeter Hotel
Alda Hotel Reykjavik
Property entrance
Alda Hotel Reykjavik
4.0 star property
9.4 out of 10, Exceptional, (1047)
"Really enjoyed our stay. The location alone was game changing but the hotel itself was clean and nice. "
The price is €216
includes taxes & fees
11 Nov - 12 Nov
Alda Hotel Reykjavik
Hotel Reykjavík Grand
Front of property
Hotel Reykjavík Grand
4.0 star property
9.0 out of 10, Wonderful, (1008)
"Lots to do and so close to a lot of sightseeing options"
The price is €200
includes taxes & fees
9 Nov - 10 Nov
Hotel Reykjavík Grand
Miðgarður by Center Hotels
Couples treatment room(s)
Miðgarður by Center Hotels
4.0 star property
9.4 out of 10, Exceptional, (1223)
"Great hotel, great location "
The price is €228
includes taxes & fees
1 Nov - 2 Nov
Miðgarður by Center Hotels
Center Hotels Arnarhvoll
Terrace/patio
Center Hotels Arnarhvoll
4.0 star property
9.0 out of 10, Wonderful, (1014)
"Staff was awesome, great location to get to everything "
The price is €203
includes taxes & fees
19 Oct - 20 Oct
Center Hotels Arnarhvoll
The Reykjavik EDITION
Room, 1 King Bed, Terrace, City View
The Reykjavik EDITION
5.0 star property
9.4 out of 10, Exceptional, (510)
"Very accommodating staff. "
The price is €388
includes taxes & fees
3 Nov - 4 Nov
The Reykjavik EDITION
Hotel Reykjavik Centrum
Lobby sitting area
Hotel Reykjavik Centrum
4.0 star property
9.4 out of 10, Exceptional, (1013)
"Great stay!"
The price is €187
includes taxes & fees
28 Oct - 29 Oct
Hotel Reykjavik Centrum
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.
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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

Reykjavik Residence Hotel

Reykjavik Residence Hotel

10/10 Excellent
"The hotel is part of a 8-9 different apartment/hotels in the area. The check-in hotel was different hotel to the one we actually stayed. There was email communications before we arrived informing the check-in process (however we didn't read the details) hence we still went to the check-in counter and bypassed the 'quick check-in' option available. Totally our own fault. The room was exactly per the photos, very clean and warm. We loved the balcony which was super neat. The double bathrooms (for the 2 bedroom apt) we stayed was the winner as most 2 bedroom apartments we stayed in Iceland only have 1 bathroom. Would highly recommend this place for anyone interested."
Kenny Ke 2-night trip
Posted 2 days ago
Reykjavik Residence Hotel

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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 Reykjavik Harbour, this destination is home to Reykjavik Pond and Tjornin, 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 restaurant. Other good options for your budget-friendly stay include Hostel B47 and KEX Hostel and Hotel Reykjavik.
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, Nautholsvik Geothermal Beach or Tjornin.
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.