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Check availability on Downtown Reykjavik Cheap Hotels

Top Downtown Reykjavik Cheap Hotels

Hotel Von

3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1001)
"Wonderful stay"
United States
David
The price is ₹11,399
₹13,215 total
includes taxes & fees
11 Dec - 12 Dec
Hotel Von

Fosshotel Barón

3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1005)
"Very beautiful hotel near downtown "
United States
Nahui
The price is ₹12,101
₹13,995 total
includes taxes & fees
6 Jan - 7 Jan 2026
Fosshotel Barón

Exeter Hotel

4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1004)
"Great place to stay"
United States
Dana
The price is ₹10,926
₹12,755 total
includes taxes & fees
11 Dec - 12 Dec
Exeter Hotel

Alda Hotel Reykjavik

4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1117)
"Great hotel!"
United States
Alena
The price is ₹16,397
₹18,764 total
includes taxes & fees
6 Jan - 7 Jan 2026
Alda Hotel Reykjavik

Center Hotels Arnarhvoll

4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1032)
"Perfect location for the views, room was comfortable and spotless. The staff were absolutely amazing. Would definitely stay there again "
United Kingdom
Elaine
The price is ₹15,909
₹18,222 total
includes taxes & fees
11 Dec - 12 Dec
Center Hotels Arnarhvoll

The Reykjavik EDITION

5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (546)
"Great location, friendly staff"
United States
Jochen
The price is ₹28,512
₹37,133 total
includes taxes & fees
5 Jan - 6 Jan 2026
The Reykjavik EDITION

Hotel Reykjavik Centrum

4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1004)
"Hotel is clean, quiet, amazing staff, wonderful breakfast, perfect location. This is my second time staying here and I already have it booked for a third time. I love Reykjavik and look forward to coming back!!"
United States
Brett
The price is ₹14,115
₹16,231 total
includes taxes & fees
6 Jan - 7 Jan 2026
Hotel Reykjavik Centrum

Þingholt by Center Hotels

4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1003)
"Great breakfast and super friendly staff"
United States
joshua
The price is ₹16,480
₹18,855 total
includes taxes & fees
4 Jan - 5 Jan 2026
Þingholt by Center Hotels

Reykjavik Konsulat Hotel, Curio Collection by Hilton

4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (347)
"Room was spotless, all the staff were great"
United States
James
The price is ₹19,528
₹22,240 total
includes taxes & fees
9 Jan - 10 Jan 2026
Reykjavik Konsulat Hotel, Curio Collection by Hilton

Old Town Reykjavik

3.0 star property
Downtown Reykjavik
7.2 out of 10, Good, (178)
"The room was clean, albeit a bit small. The walls are practically paper thin so bring a pair of noise cancelling headphones. Despite the noise, it is a perfectly nice place to stay and relatively inexpensive, as well as being in a great location. If you are on a budget, then it is worth staying here. "
United Kingdom
Lewis
The price is ₹7,298
₹8,666 total
includes taxes & fees
11 Dec - 12 Dec
Old Town Reykjavik
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.

Top Downtown Reykjavik Hotel Reviews

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Frequently asked questions

What is Downtown Reykjavik like for travellers on a budget?
Downtown Reykjavik offers a variety of cheap accommodation options and things to do, making it a great holiday choice for budget-conscious travellers. You can find ways to save money while getting to know this destination, which is home to attractions such as Hallgrimskirkja, Reykjavik Pond and Parliament House.
What's the best budget-friendly accommodation in Downtown 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 options to stay on the cheap include KEX Hostel and Hotel Reykjavik and Hostel B47.
How many budget hotels are there in Downtown Reykjavik?
Expedia has 9 hotels in Downtown Reykjavik that are ideal if you are watching your pennies.
What is there to see and do in Downtown Reykjavik?
You don't need to spend a lot to find things to see and do in Downtown Reykjavik. 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. Enjoy the local natural beauty at Reykjavik Pond and Tjornin, or check out the area's cultural spots like Iceland Phallological Museum.
How can I get to Downtown Reykjavik and get around on a budget?
Scoping out the transportation options in Downtown Reykjavik can help keep you on budget. The nearest airport is Reykjavik (RKV-Reykjavik Domestic), 0.9 mi (1.4 km) away. However, if that doesn't suit your budget, the next closest is 23.3 mi (37.4 km) away: Keflavik International Airport (KEF). Downtown Reykjavik might not have very many public transport options to choose from so a car rental could be an economical alternative to see more of the area.