A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

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Check availability on Reykjavik Cheap Hotels

Tonight
16 Sep - 17 Sep
Tomorrow
17 Sep - 18 Sep
This weekend
18 Sep - 20 Sep
Next weekend
25 Sep - 27 Sep

Our top choices for Reykjavik cheap hotels

1. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
joyce
AED 546
AED 630 total
includes taxes & fees
14 Oct - 15 Oct
Reykjavik Lights by Keahotels

2. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Michelle
AED 613
AED 704 total
includes taxes & fees
10 Oct - 11 Oct
Hotel Fron

3. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Zahra
AED 473
AED 553 total
includes taxes & fees
12 Oct - 13 Oct
CityHub Reykjavik

4. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United States
Joseph
AED 540
AED 627 total
includes taxes & fees
11 Oct - 12 Oct
Konvin Hotel by Reykjavik Keflavik Airport

5. Hotel Viking

Hotel Viking
Hafnarfjordur
Canada
Christina
AED 536
AED 623 total
includes taxes & fees
23 Sep - 24 Sep
Hotel Viking

6. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
AED 657
AED 754 total
includes taxes & fees
14 Oct - 15 Oct
City Center Hotel

7. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
AED 506
AED 586 total
includes taxes & fees
13 Oct - 14 Oct
Fisherman's Village

8. Strand Hotel Apartments

Strand Hotel Apartments
Hafnarfjörður
Canada
Shawn
AED 328
AED 643 total
includes taxes & fees
30 Sep - 1 Oct
Strand Hotel Apartments

9. Hotel Vellir

Hotel Vellir
Hafnarfjordur
United States
Therese
AED 489
AED 567 total
includes taxes & fees
14 Oct - 15 Oct
Hotel Vellir

10. Aska Hraun

Aska Hraun
Hafnarfjörður
United States
Sam
AED 343
AED 575 total
includes taxes & fees
17 Sep - 18 Sep
Aska Hraun
View all properties

Find out more about Reykjavik

Discover cheap things to do in Reykjavik

Reykjavik, the vibrant capital of Iceland, is a paradise of experiences that won’t break the bank. Start your adventure at Hallgrímskirkja, the iconic church that offers free access to its beautiful grounds and stunning views of the city from its tower for a small fee. Just a short stroll away, the Harpa Concert Hall captivates visitors with its striking architecture and often hosts free events, making it a perfect spot to soak in the local culture. For a taste of Reykjavik's history, the National Museum of Iceland offers a discount on entry for families, providing a fascinating overview of Iceland’s past. The city's picturesque waterfront is ideal for a leisurely walk, and you can enjoy the sight of the Sun Voyager sculpture without spending a dime. Don’t miss exploring the Old Harbour area, where you can find affordable eateries like the famous Icelandic hot dog stands, offering a delicious meal for just a few dollars. For budget-friendly accommodation, consider staying in the lively downtown area, which boasts a variety of cheap hotels that place you within walking distance of these attractions, ensuring convenience and a vibrant atmosphere. You'll find yourself surrounded by charming cafes, friendly locals, and the buzzing energy of Reykjavik, setting the perfect backdrop for an unforgettable family trip.

Find the best cheap hotels in Reykjavik

For budget travelers visiting Reykjavik, these accommodations offer comfort and essential amenities without breaking the bank. Each hotel ensures a pleasant stay with excellent reviews and convenient features.Freyja Guesthouse & Suites

  • Why it's great for a budget-friendly vacation: Freyja Guesthouse & Suites is a top choice for budget-conscious travelers, an impressive review rating of 9.4. Located in Downtown Reykjavik, this guesthouse offers essential amenities such as free WiFi and nearby parking, ensuring guests have a straightforward stay. The shared kitchen facilities allow for easy meal preparation, making it perfect for those looking to save on dining costs.
  • Other amenities: Guests can enjoy complimentary toiletries and a crib available at no charge. The hotel features a terrace for relaxation and offers bicycle rentals onsite for exploring the city. With easy access to the historical district and nearby hot springs, Freyja Guesthouse provides an ideal base for discovering all that Reykjavik has to offer while sticking to a budget.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.49 miles, Hallgrimskirkja - 0.2 miles, Reykjavik Free Church - 0.64 miles

Hostel B47

  • Why it's great for a budget-friendly vacation: Hostel B47 is a fantastic budget option for travelers, earning a remarkable review rating of 9.4. Situated in Downtown Reykjavik, it provides free WiFi and self-parking, making it a practical choice for those looking to explore the area. The shared kitchen facilities allow guests to prepare meals conveniently, keeping costs down during their stay.
  • Other amenities: The hostel features daily housekeeping and a shared refrigerator, ensuring a clean and comfortable environment. With easy access to local museums and shopping districts, guests can immerse themselves in the vibrant culture of Reykjavik. The garden area offers a peaceful retreat, while the hotel’s art deco design adds a unique charm to the budget-friendly experience.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.23 miles, Hallgrimskirkja - 0.27 miles, Reykjavik Free Church - 0.93 miles

Reykjavik Domes

  • Why it's great for a budget-friendly vacation: Reykjavik Domes offers a unique and budget-friendly lodging experience with a review rating of 9.2. Located in the Grafarvogur neighborhood, this hotel features free WiFi and self-parking, making it easy for guests to travel around. The cozy accommodations include stocked minibars with complimentary items, enhancing the value of the stay.
  • Other amenities: Guests can enjoy a peaceful garden and terrace, as well as a private hot tub for relaxation. The onsite mini-golf provides entertainment, while the stunning mountain views create a tranquil setting. With premium bedding and bathrobes available, Reykjavik Domes ensures a comfortable and enjoyable budget stay for all travelers.
  • Neighborhood: Grafarvogur
  • Nearby attractions: Grasagardur Botanical Garden - 4.43 miles, Reykjavik City Museums - 2.2 miles, Kringlan Shopping Mall - 4.79 miles

Kex Hostel Reykjavík

  • Why it's great for a budget-friendly vacation: Kex Hostel Reykjavík is an excellent option for budget travelers, rated 8.4 by guests. This vibrant hostel is situated in Downtown Reykjavik, providing easy access to local attractions. It features free WiFi and shared kitchen facilities, allowing guests to cook and socialize in a lively atmosphere.
  • Other amenities: The hostel offers a communal refrigerator and terrace, perfect for unwinding after a day of exploration. Guests can enjoy ocean views and take part in live shows or concerts hosted at the hotel. With daily housekeeping and a garden area, Kex Hostel combines comfort with a fun, youthful vibe that budget travelers will appreciate.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.21 miles, Hallgrimskirkja - 0.63 miles, Harpa - 0.54 miles

Guesthouse Aurora

  • Why it's great for a budget-friendly vacation: Guesthouse Aurora is a charming and affordable option for travelers seeking comfort on a budget, with a solid review rating of 8.4. Located in Downtown Reykjavik, this guesthouse offers free WiFi and free self-parking, making it convenient for those traveling by car. The shared kitchen facilities allow guests to prepare their own meals, enhancing their experience without overspending.
  • Other amenities: The hotel features complimentary cribs and concierge services for added convenience. With nearby parking options available, guests can easily explore the city. The welcoming atmosphere and helpful staff make Guesthouse Aurora a great choice for those looking for a budget-friendly stay in Reykjavik.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.29 miles, Hallgrimskirkja - 0.26 miles, Reykjavik Free Church - 0.35 miles

Top Reykjavik Hotel Reviews

Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"Grand is a lovely hotel on the east side. It was walking distance to the busy shopping district, Harbour area and city center Be aware there may some traffic noise if you're facing the road on the lower floors. The food is wonderful; the food and staff are wonderful. The only thing that would've made our stay better would've been having breakfast included. We would stay again."
Lynn 1-night trip
Posted 1 hour ago
Hotel Reykjavík Grand
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"We were traveling without a car and loved the location! Very walkable and the staff was so pleasant."
Sharon 2-night trip
Posted 6 hours ago
Alda Hotel Reykjavik
Guesthouse Sunna

Guesthouse Sunna

8/10 Good
"We were only here for one night, but I was pleasantly surprised. The location is top notch, walking distance to all the things, with both public and a few private parking options. Rooms are cozy with a sink plus a shared bathroom and kitchen. These seemed reasonably stocked with all you'd need. Staff was courteous and helpful. No elevator, so pack light or prepare for a struggle up the wide staircase."
Justin 1-night trip
Posted 22 hours ago
Guesthouse Sunna
Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"Decent breakfast. Small gym. Nice spa for people that enjoy the spa and can make the time to use it. Parking is right out front 1st come 1st serve. Xtra parking in the back in designates areas."
Allison 1-night trip
Posted 1 day ago
Miðgarður by Center Hotels
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Overall we were very happy with the stay. Highlights were the central location, welcoming/helpful staff and the good sized room. Property is close to all the attractions and transport. We were offered welcome drinks including wines and some light breakfast/coffee on the day of our departure. Staff helped to make reservations for tours/transfers. We will definitely reconsider them if we visit next time."
Rajive 3-night trip
Posted 3 days ago
Center Hotels Plaza
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"I got what I wanted from this hotel --- a good location, helpful staff, a yummy breakfast, a basic but clean room, etc. No issues at all and I would not hesitate to stay here again"
Andrew J. 1-night trip
Posted 9 days ago
Fosshotel Lind

Frequently asked questions

What is Reykjavik like for travelers on a budget?
Reykjavik offers cheap accommodation options and a variety of places to visit, making it a great choice for a budget-friendly getaway. In addition to its well-known attractions like Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in Reykjavik?
Based on reviews, Old Town Reykjavik is a popular hotel for our travelers in search of a less expensive place to stay and offers free WiFi. Other options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many inexpensive hotels will I 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, and keep 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 temp of 50°F, while the coldest months are December and January with an average of 32°F. Average annual precipitation for Reykjavik is 50 inches.
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 closest airport is 1.2 mi (2 km) away from the center in Reykjavik Domestic Airport (RKV). However, if that doesn't suit your budget, you can book a flight to Reykjavik–Keflavik Intl. Airport (KEF), located 23.2 mi (37.3 km) away. Reykjavik might not have very many public transportation choices so a car rental could be a reasonable alternative to see more of the area.