Top Budget Hotels in Capital Region

A modern glass building with a unique honeycomb pattern, a marina with boats, and a calm waterfront.

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A modern glass building with a unique angular design.

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Our top choices for Capital Region cheap hotels

A restaurant with wooden flooring, a bar area with bottles, and a view of the street.

1. Hotel Von

Downtown Reykjavik

Paul

includes taxes & fees

28 Oct - 29 Oct

A modern interior with a green sofa, yellow armchairs, and a round coffee table.

2. 201 Hotel

Smárinn

Myrona

includes taxes & fees

27 Oct - 28 Oct

A modern indoor pool area with glass walls and warm lighting.

3. Grandi by Center Hotels

Vesturbær

Kirk

includes taxes & fees

20 Oct - 21 Oct

A buffet with various food items and a plant in the background.

4. Fosshotel Barón

Downtown Reykjavik

Jenina

includes taxes & fees

27 Oct - 28 Oct

A hotel room with a large window, a bed, and a view of a cityscape.

5. Exeter Hotel

Downtown Reykjavik

Bridget

includes taxes & fees

21 Oct - 22 Oct

A hot tub with wooden railings, surrounded by lanterns and a scenic mural.

6. Alda Hotel Reykjavik

Downtown Reykjavik

Janice

includes taxes & fees

21 Oct - 22 Oct

A spacious indoor area with a long dining table, wicker chairs, and a mix of seating arrangements.

7. Hotel Reykjavík Grand

Laugardalur

Matthew

includes taxes & fees

31 Oct - 1 Nov

A modern indoor pool with a concrete interior, two potted plants, and a staircase leading to a higher level.

8. Miðgarður by Center Hotels

Tún

Walter Clyde

includes taxes & fees

21 Oct - 22 Oct

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Top Capital Region Hotel Reviews

Hvammsvik Nature Resort

10/10 Excellent

"The Artist Lodge is the highlight of our round trip this autumn. It’s located close to a peaceful fjord, yet well connected to the capital and route 1. We’re glad to choose it as our final stop this time, to have a well relaxed farewell to Iceland. Guests can enjoy a natural hot spring 24/7."

Hotel Viking

8/10 Good

"Staff were great. There were some minor Reno’s happening but it was just the lobby area. The room was a typical guest house room a bit smaller than a typical hotel room. It was functional and clean. The real charm of this place is the Viking theme and just odd stuff around every corner of the property. We ate dinner at the attached restaurant which was also nicely themed. There is an older part (we stayed) and a newer part (renovating) the old part was neat I imagine the new part will be more like a traditional hotel room?"