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
5 Sep - 6 Sep
Tomorrow
6 Sep - 7 Sep
Next weekend
11 Sep - 13 Sep
In two weeks
18 Sep - 20 Sep

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Dan Donna
AED 473
AED 553 total
includes taxes & fees
7 Sep - 8 Sep
CityHub Reykjavik

2. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
AED 676
AED 781 total
includes taxes & fees
6 Oct - 7 Oct
City Center Hotel

3. ASKA Heiðmörk

ASKA Heiðmörk
Vatnsendi
United States
Bermet
AED 356
AED 505 total
includes taxes & fees
9 Sep - 10 Sep
ASKA Heiðmörk

4. Hotel Viking

Hotel Viking
Hafnarfjordur
United States
Nimantha
AED 546
AED 634 total
includes taxes & fees
13 Sep - 14 Sep
Hotel Viking

5. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Eric
AED 459
AED 533 total
includes taxes & fees
14 Sep - 15 Sep
Hotel Cabin

6. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
AED 523
AED 605 total
includes taxes & fees
30 Sep - 1 Oct
Fisherman's Village

7. Strand Hotel Apartments

Strand Hotel Apartments
Hafnarfjörður
Canada
Shawn
AED 341
AED 659 total
includes taxes & fees
5 Oct - 6 Oct
Strand Hotel Apartments

8. iStay Cottages

iStay Cottages
Suðurnesjabær
United States
Hanna
AED 334
AED 395 total
includes taxes & fees
30 Sep - 1 Oct
iStay Cottages

9. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
AED 715
AED 817 total
includes taxes & fees
28 Sep - 29 Sep
Reykjavik Lights by Keahotels

10. Midtown Reykjavik by Heimaleiga

Midtown Reykjavik by Heimaleiga
Downtown Reykjavik
Canada
Lori
AED 635
AED 734 total
includes taxes & fees
16 Sep - 17 Sep
Midtown Reykjavik by Heimaleiga
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

Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"I did not like having to pay “city tax” in addition to what we paid Expedia. The staff was not friendly. This may be due to how busy they were with multiple travel groups."
Dana 2-night trip
Posted 1 hour ago
Fosshotel Reykjavik
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"I am particularly impressed with the customer service we got. The Center Plaza Hotel is perfectly located in the middle of the shopping area. Great staff!"
Patricia 2-night trip
Posted 17 hours ago
Center Hotels Plaza
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"I didn’t get their name but whoever was working reception was simply wonderful - very helpful and always cheery. The property is in an excellent location to walk around to all “highlights” of the city and also close to bus stops, etc."
Elizabeth 2-night trip
Posted 18 hours ago
Fosshotel Lind
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"Conveniently located"
SAILI 1-night trip
Posted 22 hours ago
Center Hotels Arnarhvoll
Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Très bien situé. Dejeuner copieux et varié. Chambre confortable"
Benoit 1-night trip
Posted 2 days ago
Alda Hotel Reykjavik
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"Great breakfast and helpful staff"
Thomas 5-night trip
Posted 2 days ago
Miðgarður by Center Hotels

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.