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
21 Sept - 22 Sept
Tomorrow
22 Sept - 23 Sept
This weekend
25 Sept - 27 Sept
Next weekend
2 Oct - 4 Oct

Our top choices for Reykjavik cheap hotels

1. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
joyce
₹14,163
₹16,353 total
includes taxes & fees
14 Oct - 15 Oct
Reykjavik Lights by Keahotels

2. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Anna
₹12,266
₹14,244 total
includes taxes & fees
12 Oct - 13 Oct
Alva Hotel Brautarholt

3. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Zahra
₹7,691
₹9,239 total
includes taxes & fees
21 Oct - 22 Oct
CityHub Reykjavik

4. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Jianning
₹14,804
₹17,378 total
includes taxes & fees
22 Oct - 23 Oct
City Center Hotel

5. Aska Hraun

Aska Hraun
Hafnarfjörður
Canada
Hassan
₹8,836
₹14,841 total
includes taxes & fees
23 Sept - 24 Sept
Aska Hraun

6. Fisherman's Village

Fisherman's Village
Garðabær
United States
Paul L
₹10,897
₹12,904 total
includes taxes & fees
27 Sept - 28 Sept
Fisherman's Village

7. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Michelle
₹15,918
₹18,298 total
includes taxes & fees
2 Oct - 3 Oct
Hotel Fron

8. iStay Cottages

iStay Cottages
Suðurnesjabær
United States
Hanna
₹8,615
₹10,191 total
includes taxes & fees
25 Sept - 26 Sept
iStay Cottages

9. Strand Hotel Apartments

Strand Hotel Apartments
Hafnarfjörður
Canada
Shawn
₹8,271
₹16,454 total
includes taxes & fees
30 Sept - 1 Oct
Strand Hotel Apartments

10. 201 Hotel

201 Hotel
Smárinn
United States
Myrona
₹13,143
₹15,218 total
includes taxes & fees
20 Oct - 21 Oct
201 Hotel
View all properties

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 heading to Reykjavik, these top five hotels offer outstanding value without compromising comfort or convenience.Guesthouse Sunna

  • Why it's great for a budget-friendly vacation: Guesthouse Sunna offers budget travellers a delightful stay with a stellar review rating of 9.2. This guesthouse features free Wi-Fi and self-parking, making it easy for guests to stay connected and explore the surroundings without worry. Additionally, the accommodation provides shared kitchen facilities, allowing for affordable meal preparations.
  • Other amenities: Further amenities include a daily housekeeping service, a variety of kitchen appliances such as a microwave and stovetop, and communal dining areas. The hotel also offers rollaway extra beds at no charge, making it a flexible choice for groups or families. With its central location, guests will find themselves perfectly situated to enjoy the attractions of downtown Reykjavik.
  • 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 stands out as an excellent option for budget-conscious visitors to Reykjavik, backed by a strong review rating of 9.2. This hotel offers free Wi-Fi and essential toiletries, making it a practical choice for guests looking to save. The 24-hour airport shuttle service adds to the convenience, ensuring seamless travel to and from the airport.
  • Other amenities: Guests can enjoy the comfort of in-room amenities such as a kitchenette equipped with a microwave, oven, and refrigerator, perfect for those who prefer to prepare their own meals. The apartments also feature a yard and concierge service to enhance the stay. With nearby shopping districts and outdoor adventures like hiking and biking, guests can explore Reykjavik without breaking the bank.
  • 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: Storm Hotel by Keahotels is a budget-friendly gem that scores a remarkable 9.2 in guest reviews. Perfectly suited for cost-conscious travellers, the hotel offers free Wi-Fi and a delicious buffet breakfast to kickstart the day. With additional amenities such as free toiletries and a snack bar, guests will find everything they need for a comfortable stay.
  • Other amenities: This hotel also features options for connecting rooms, a balcony or patio for enjoying fresh air, and parking facilities for added convenience. The concierge service ensures that guests receive personalised support during their visit, and family amenities like free cribs make it a great choice for those travelling with little ones.
  • Neighborhood: Laugardalur
  • Nearby attractions: Laugavegur - 0.1 km, Harpa - 1.4 km, Hallgrimskirkja - 1.5 km

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Rooms very clean and staff was very informative."
Angela Marie 6-night trip
Posted 9 hours ago
Center Hotels Plaza
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Excellent front desk staff, spacious room and bathroom. convenient location, good breakfast."
Mila 1-night trip
Posted 10 hours ago
Alda Hotel Reykjavik
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"Great location and friendly staff in the heart of where you want to be"
Ben 2-night trip
Posted 12 hours ago
Center Hotels Arnarhvoll
Guesthouse Sunna

Guesthouse Sunna

10/10 Excellent
"Following a cruise in Iceland and no available out-bound flight when we returned, it was necessary for us to spend one night in Reykjavik. I found the Guesthouse Sunna for a reasonable amount. We disembarked early morning and arrived at the Guesthouse Sunna early. Our room was ready and we were able to check-in at that time. We spent the day sight-seeing and returned to the Guesthouse later that day. The Guesthouse Sunna is centrally located with taxis close by. It did require sharing a restroom but that was not a problem for us. The staff was very helpful and accommodating."
Dana 1-night trip
Posted 17 hours ago
Guesthouse Sunna
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"Thank you for a wonderful stay the cleanliness of the hotel and room were outstanding. Restaurant was great. Highly recommend."
Michelle 2-night trip
Posted 18 hours ago
Hotel Reykjavík Grand
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Great staff and the accommodations were better than anticipated."
George 1-night trip
Posted 1 day ago
Reykjavik Residence Apartment Hotel
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"Clean,parking and staff"
Mireille 2-night trip
Posted 2 days ago
Fosshotel Lind
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Very clean hotel, Offers breakfast, but I did not use. Communications due to it being self check-in were very detailed and clear. Close to city points of interest. Quiet room with everything you need in a hotel room."
Donna 1-night trip
Posted 6 days ago
Alva Hotel Brautarholt

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 Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Old Town Reykjavik is a popular hotel for our travellers in search of a less expensive place to stay, and it offers free Wi-Fi. Other good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
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, 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 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.

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