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
7 Aug - 8 Aug
Tomorrow
8 Aug - 9 Aug
This weekend
7 Aug - 9 Aug
Next weekend
14 Aug - 16 Aug

Our top choices for Reykjavik cheap hotels

1. 201 Hotel

201 Hotel
Kópavogur
United States
Karen
₹16,924
₹19,401 total
includes taxes & fees
7 Sept - 8 Sept
201 Hotel

2. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
₹24,667
₹28,000 total
includes taxes & fees
1 Sept - 2 Sept
Reykjavik Lights by Keahotels

3. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Ingrid
₹12,363
₹14,441 total
includes taxes & fees
7 Sept - 8 Sept
CityHub Reykjavik

4. Hotel Fron

Hotel Fron
Downtown Reykjavik
Canada
Nancy
₹18,628
₹21,292 total
includes taxes & fees
30 Aug - 31 Aug
Hotel Fron

5. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
Canada
Ross
₹22,901
₹26,225 total
includes taxes & fees
3 Sept - 4 Sept
Konvin Hotel by Reykjavik Keflavik Airport

6. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Gustavo Londono
₹25,274
₹28,674 total
includes taxes & fees
30 Aug - 31 Aug
Hotel Von

7. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Eduardo
₹17,228
₹19,739 total
includes taxes & fees
18 Aug - 19 Aug
Alva Hotel Brautarholt

8. Exeter Hotel

Exeter Hotel
Downtown Reykjavik
United States
Sybilla
₹28,857
₹32,648 total
includes taxes & fees
31 Aug - 1 Sept
Exeter Hotel

9. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Sharon
₹12,718
₹14,734 total
includes taxes & fees
24 Aug - 25 Aug
Hotel Cabin

10. Hotel Reykjavík Grand

Hotel Reykjavík Grand
Laugardalur
United States
Terrance
₹29,709
₹33,594 total
includes taxes & fees
7 Sept - 8 Sept
Hotel Reykjavík Grand
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

Fosshotel Barón

Fosshotel Barón

10/10 Excellent
"Chambre invitante avec les puits de lumière et les poudres ! Déjeuner inclus très apprécié, belle variété! Il est possible de faire remplir nos bouteilles d’eau au bar avant de partir !! On apprécie surtout Greg à l’entrée du déjeuner qui nous accueille avec le sourire et soucieux de la clientèle sur place !!"
Emmanuelle 1-night trip
Posted 5 hours ago
Fosshotel Barón
Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Have stayed twice and would recommend Alda. Nice breakfast and great location."
Michael 2-night trip
Posted 9 hours ago
Alda Hotel Reykjavik
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

8/10 Good
"We stayed twice. The first room was too hot and a staff member had to come up to turn off the thermostat. Unfortunately we still needed a large room fan in order to sleep. The second room was better and had been refurbished. Really nice staff, excellent location and view, but hotel maintenance and quality just mediocre"
Adeline 2-night trip
Posted 11 hours ago
Center Hotels Arnarhvoll
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"The spa was quiet and relaxing after a week of traveling on the Ring Road. A nice last night stay in Iceland near the heart of the city while being far enough off the main path for a restful night."
Shannon 1-night trip
Posted 14 hours ago
Miðgarður by Center Hotels
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"The hotel was conveniently located near the temple district and other sightseeing. Breakfast was great and the staff was friendly."
Scott 1-night trip
Posted 15 hours ago
Center Hotels Plaza
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"Excellent stay at this fine hotel."
Mike 1-night trip
Posted 16 hours ago
Hotel Reykjavík Grand
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"very good clean nice rooms and amenities, we parked on road to avoid overnight parking fees highly recommended"
Tim 2-night trip
Posted 16 hours ago
Fosshotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

8/10 Good
"Clean comfortable room Easy to check in Nice bathroom Walking distance to downtown My only complaint was the black out curtains only covered half the windows, so minimal privacy as the building across could see inside our room and it didn't get completely dark."
Nicole 2-night trip
Posted 2 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, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and a restaurant. Other good options for your budget-friendly stay include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 14 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, Nautholsvik Geothermal Beach or Oskjuhlid Hill.
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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