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Our top choices for Reykjavik cheap hotels

Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Great staff and took care of us great!"
United States
Rahul
The price is ₹12,829
₹14,826 total
includes taxes & fees
27 Jan - 28 Jan
Hotel Von

Grandi by Center Hotels

Grandi by Center Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,422 reviews)
"Very Nice hotel and the Spa is very nice as well"
United Kingdom
Kyle
The price is ₹16,461
₹18,858 total
includes taxes & fees
28 Jan - 29 Jan
Grandi by Center Hotels

Fosshotel Barón

Fosshotel Barón
3.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1,005 reviews)
"Loved our room and very well located hotel "
United States
Elizeth
The price is ₹14,139
₹16,282 total
includes taxes & fees
24 Jan - 25 Jan
Fosshotel Barón

Exeter Hotel

Exeter Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,001 reviews)
"Great location, easy walk everywhere, great breakfast."
Canada
William
The price is ₹13,724
₹15,814 total
includes taxes & fees
26 Jan - 27 Jan
Exeter Hotel

Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,171 reviews)
"Clean room, nice staff, great location, very good breakfast and very quiet. I love this hotel. "
United States
Coral
The price is ₹16,050
₹18,402 total
includes taxes & fees
28 Jan - 29 Jan
Alda Hotel Reykjavik

Hotel Reykjavík Grand

Hotel Reykjavík Grand
4.0 star property
Laugardalur
9.0 out of 10, Wonderful, (1,006 reviews)
"Spacious rooms. Hotel is pretty and staff was great."
United States
Carmen
The price is ₹16,584
₹18,995 total
includes taxes & fees
25 Jan - 26 Jan
Hotel Reykjavík Grand

Miðgarður by Center Hotels

Miðgarður by Center Hotels
4.0 star property
Tún
9.4 out of 10, Exceptional, (1,210 reviews)
"pleasant stay"
United Kingdom
Ann
The price is ₹21,285
₹24,213 total
includes taxes & fees
3 Feb - 4 Feb
Miðgarður by Center Hotels

Center Hotels Arnarhvoll

Center Hotels Arnarhvoll
4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1,021 reviews)
"Great location and front desk staff"
Canada
Michal
The price is ₹13,092
₹15,122 total
includes taxes & fees
26 Jan - 27 Jan
Center Hotels Arnarhvoll

The Reykjavik EDITION

The Reykjavik EDITION
5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (575 reviews)
"The whole staff is amazing and take really good care of their guest !"
United States
pablo
The price is ₹34,449
₹43,990 total
includes taxes & fees
17 Feb - 18 Feb
The Reykjavik EDITION

Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,002 reviews)
"Great place, great location. I would/will stay there again"
United States
Theodore
The price is ₹15,824
₹18,151 total
includes taxes & fees
27 Jan - 28 Jan
Hotel Reykjavik Centrum
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, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and a bar. Other good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Baron's Hostel.
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 Tjornin.
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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