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
12 Oct - 13 Oct
Tomorrow
13 Oct - 14 Oct
This weekend
16 Oct - 18 Oct
Next weekend
23 Oct - 25 Oct

Our top choices for Reykjavik cheap hotels

A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A storefront with a glass door, potted plants, and a sign for a restaurant.
A wine cellar with wooden shelves and a bench.
A modern interior with a large window, a potted plant, and leather seating.

1. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
AED 486
AED 575 total
includes taxes & fees
12 Nov - 13 Nov
Hotel Von
A modern living room with a dark sofa, a round coffee table, and several potted plants.
A multi-story building with a yellow facade, white trim, and a central entrance.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.

2. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
AED 263
AED 315 total
includes taxes & fees
10 Nov - 11 Nov
Old Town Reykjavik
Bar (on property)
Lobby sitting area
Bar (on property)
Room

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
AED 365
AED 430 total
includes taxes & fees
15 Oct - 16 Oct
KEX Hotel and Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A staircase with a golden handrail, a large ornate mirror, and a painting on the wall.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.
A room with bunk beds, a desk, and a large window.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
AED 353
AED 416 total
includes taxes & fees
15 Oct - 16 Oct
Hostel B47
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A room with a beige sofa, a glass coffee table, a black chair, and a small orange table.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.
A hallway with a mirror, a door with emergency exit signs, and a fire extinguisher.

5. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
AED 289
AED 347 total
includes taxes & fees
12 Nov - 13 Nov
Hostel Fjordur
A buffet with various food items and beverages.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.
A room with a wooden table, two green armchairs, a painting of a seascape, and a window with a view of a building.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.

6. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
AED 440
AED 517 total
includes taxes & fees
1 Nov - 2 Nov
Start Hostel
A modern bedroom with a black bed, a wooden floor, a fur rug, a bedside table with a vase, and a hanging light fixture.
A modern kitchen with wooden cabinets, a black sink, and a microwave.
A parking lot with several cars and a building with multiple windows.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.

7. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
AED 381
AED 507 total
includes taxes & fees
23 Oct - 24 Oct
Bus Hostel Reykjavik
A two-story house with a snow-covered roof and a white picket fence.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.
A staircase with white balusters and a white handrail, leading to a door with a brass doorknob.
A kitchen with a microwave, stove, and checkered backsplash.

8. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
AED 410
AED 479 total
includes taxes & fees
26 Oct - 27 Oct
Refurinn Reykjavik Guesthouse - Hostel
A bunk bed in a room with a dark wall and a wooden floor.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
AED 512
AED 592 total
includes taxes & fees
13 Oct - 14 Oct
ASTIN ER SVARID HOSTEL
A modern hotel room with a bed, bedside tables, a desk with chairs, a potted plant, and a door.
A modern interior with a wooden slat wall, a dining area with chairs and a table, and a light switch on the wall.
A long, narrow hallway with white walls, a fire extinguisher mounted on the left wall, and a door at the end.
A multi-story building with 'Iceland Comfort Apartments' signage, a Subway restaurant, and a parking lot with cars.

10. Iceland Comfort Apartments Studio for 5

Iceland Comfort Apartments Studio for 5
Digranes
United States
Lukas K.
AED 522
AED 790 total
includes taxes & fees
2 Nov - 3 Nov
Iceland Comfort Apartments Studio for 5
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

8/10 Good
"Need a USB plug in to charge our phones"
GEORGE 4-night trip
Posted 15 hours ago
Hotel Reykjavík Grand
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Breakfast was excellent, staff very helpful, located close to restaurants."
Carron 1-night trip
Posted 20 hours ago
Fosshotel Reykjavik
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Great location, Starbucks and restaurant attached. Great with kids"
Zachary 1-night trip
Posted 21 hours ago
Alda Hotel Reykjavik
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Excellent location and very helpful staff."
Marilyn 3-night trip
Posted 22 hours ago
Center Hotels Plaza
Hotel Odinsve

Hotel Odinsve

10/10 Excellent
"The hotel is right in the center of downtown. We were able to walk to pretty much everything. The bus stop for tours is just 5 min walk away. The bed was comfortable, staff was very nice and breakfast provided with your stay is just perfect. The restaurant is also convient for dinner w great food. The rooms are a good size for 2 people w a king bed. The bathroom is a little small but nothing that bothered us. Hairdryer provided , towels, and nice heater to beat the chill. There is no ac or refrigerator in case you require one."
Glenn 6-night trip
Posted 2 days ago
Hotel Odinsve

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.