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

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Our top choices for Reykjavik cheap hotels

1. Kvosin Downtown Hotel

Kvosin Downtown Hotel
4.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (1,003 reviews)
"Clean, friendly and conveniently located for a family holiday."
United Kingdom
Mark
The price is ₹16,281
₹18,697 total
includes taxes & fees
8 Nov - 9 Nov
Kvosin Downtown Hotel

2. Black Pearl Luxury Apartments

Black Pearl Luxury Apartments
4.5 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (787 reviews)
"Brilliant location, excellent clean apartment, all amenities present, can’t get any better than this!"
United Kingdom
sudeshna
The price is ₹23,869
₹27,317 total
includes taxes & fees
29 Nov - 30 Nov
Black Pearl Luxury Apartments

3. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (406 reviews)
"Fantastic location. Beautiful hotel. Friendly staff."
Canada
Laura Monica
The price is ₹23,881
₹27,130 total
includes taxes & fees
1 Dec - 2 Dec
Reykjavik Konsulat Hotel, Curio Collection by Hilton

4. Hotel Reykjavik Saga

Hotel Reykjavik Saga
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (822 reviews)
"Great location."
Canada
Sukhwant
The price is ₹24,943
₹28,309 total
includes taxes & fees
22 Nov - 23 Nov
Hotel Reykjavik Saga

5. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,509 reviews)
"Great location and place for families to stay"
United States
Debra
The price is ₹16,564
₹19,012 total
includes taxes & fees
23 Nov - 24 Nov
Reykjavik Residence Apartment Hotel

6. Reykjavik Treasure

Reykjavik Treasure
3.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (260 reviews)
"This location was absolutely perfect clean cozy wonderful breakfast in the morning and convenient to walk into the city would definitely stay again !"
United States
Deanna
The price is ₹18,960
₹21,672 total
includes taxes & fees
6 Nov - 7 Nov
Reykjavik Treasure

7. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,007 reviews)
"Lovely hotel by the old harbour. Perfect for our week in Reykjavik with easy access to the golden circle and more"
United Kingdom
Daniel
The price is ₹11,495
₹13,382 total
includes taxes & fees
1 Dec - 2 Dec
Reykjavik Marina - Berjaya Iceland Hotels

8. Grandi by Center Hotels

Grandi by Center Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,667 reviews)
"Lovely hotel in great location - good restaurant with many other good options nearby. Great coffee shop in foyer."
Australia
Gordon
The price is ₹17,098
₹19,601 total
includes taxes & fees
1 Dec - 2 Dec
Grandi by Center Hotels

9. Hotel Local 101

Hotel Local 101
3.0 star property
Vesturbær
9.4 out of 10, Exceptional, (327 reviews)
"Great location, very lovely staff, cute bar/restaurant."
Canada
Heather
The price is ₹11,218
₹13,076 total
includes taxes & fees
3 Dec - 4 Dec
Hotel Local 101

10. Sand Hotel by Keahotels

Sand Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,001 reviews)
"The location was perfect, really perfect, right in the middle of everything. The staff was helpful and booked us a fun whale watch. The room was very nice and they served a wonderful breakfast."
United States
David R
The price is ₹19,553
₹22,330 total
includes taxes & fees
1 Dec - 2 Dec
Sand Hotel by Keahotels

11. Canopy by Hilton Reykjavik City Centre

Canopy by Hilton Reykjavik City Centre
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Great location, nice room, and a great breakfast!"
United States
Tina
The price is ₹23,226
₹26,403 total
includes taxes & fees
23 Nov - 24 Nov
Canopy by Hilton Reykjavik City Centre

12. Vintage Apartment Hotel

Vintage Apartment Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (230 reviews)
"Great location and great room. We had a great stay"
United States
travis
The price is ₹13,395
₹20,931 total
includes taxes & fees
18 Nov - 19 Nov
Vintage Apartment Hotel

13. Iceland Parliament Hotel, Curio Collection By Hilton

Iceland Parliament Hotel, Curio Collection By Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (353 reviews)
"Great hotel with exceptionally nice staff and terrific spa facilities. Centrally located, very walkable, nice restaurant."
United States
Olivia
The price is ₹24,417
₹27,725 total
includes taxes & fees
26 Nov - 27 Nov
Iceland Parliament Hotel, Curio Collection By Hilton

14. Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,002 reviews)
"I liked the location, the breakfast, the comfort of the bed, and the shampoo and conditioner!"
United States
Jamie
The price is ₹16,458
₹18,891 total
includes taxes & fees
25 Nov - 26 Nov
Hotel Reykjavik Centrum

15. Torg Apartments

Torg Apartments
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (353 reviews)
"Very centrally located, and the apartment was nice and bright."
United States
Susan
The price is ₹14,482
₹16,701 total
includes taxes & fees
8 Nov - 9 Nov
Torg Apartments

16. ION City Hotel, a Member of Design Hotels

ION City Hotel, a Member of Design Hotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (301 reviews)
"Clean room Amazing staff Everything is close by"
United States
Youssef
The price is ₹21,236
₹24,195 total
includes taxes & fees
23 Nov - 24 Nov
ION City Hotel, a Member of Design Hotels

17. Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,412 reviews)
"Great stay."
United States
joanne
The price is ₹15,685
₹18,032 total
includes taxes & fees
23 Nov - 24 Nov
Alda Hotel Reykjavik

18. Castle House Luxury Apartments

Castle House Luxury Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,185 reviews)
"Location was excellent. Walkable to main streets. Parking not impossible with reasonable effort."
United States
thomas
The price is ₹10,279
₹17,702 total
includes taxes & fees
1 Dec - 2 Dec
Castle House Luxury Apartments

19. The Reykjavik EDITION

The Reykjavik EDITION
5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (707 reviews)
"Always stay here when I’m in Reykjavik!"
United States
Melia
The price is ₹32,644
₹42,312 total
includes taxes & fees
6 Dec - 7 Dec
The Reykjavik EDITION

20. Hotel Borg by Keahotels

Hotel Borg by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,001 reviews)
"Great location and historic hotel"
United States
David
The price is ₹20,723
₹23,628 total
includes taxes & fees
1 Dec - 2 Dec
Hotel Borg by Keahotels
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.

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

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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