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 Budget Hotels

Tonight
13 Oct - 14 Oct
Tomorrow
14 Oct - 15 Oct
This weekend
16 Oct - 18 Oct
Next weekend
23 Oct - 25 Oct

Our top choices for Reykjavik cheap hotels

A modern living room with a dark sofa, a round coffee table, and several potted plants.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.
A multi-story building with a yellow facade, white trim, and a central entrance.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.

1. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
S$110
includes taxes & fees
10 Nov - 11 Nov
Old Town Reykjavik
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.
A storefront with a glass door, potted plants, and a sign for a restaurant.
A wine cellar with wooden shelves and a bench.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
S$200
includes taxes & fees
9 Nov - 10 Nov
Hotel Von
Bar (on property)
Room
Exterior
Lobby sitting area

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
S$150
includes taxes & fees
22 Oct - 23 Oct
KEX Hotel and Hostel Reykjavik
A modern bedroom with a black bed, a wooden floor, a fur rug, a bedside table with a vase, and a hanging light fixture.
A modern kitchen with wooden cabinets, a black sink, and a microwave.
A parking lot with several cars and a building with multiple windows.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.

4. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
S$146
includes taxes & fees
11 Nov - 12 Nov
Bus Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A room with bunk beds, a desk, and a large window.
A spacious room with large windows, a television, and a wall decorated with musical instruments.
A staircase with a golden handrail, a large ornate mirror, and a painting on the wall.

5. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
S$136
includes taxes & fees
13 Nov - 14 Nov
Hostel B47
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.
A hallway with a mirror, a door with emergency exit signs, and a fire extinguisher.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.

6. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
S$116
includes taxes & fees
13 Nov - 14 Nov
Hostel Fjordur
A buffet with various food items and beverages.
A room with a wooden table, two green armchairs, a painting of a seascape, and a window with a view of a building.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.
A reception area with a check-in counter, a wall clock, and a flag.

7. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
S$181
includes taxes & fees
1 Nov - 2 Nov
Start Hostel
A two-story house with a snow-covered roof and a white picket fence.
A staircase with white balusters and a white handrail, leading to a door with a brass doorknob.
A double bed with white bedding and black and white patterned pillows, a bedside table with a lamp, and a painting on the wall.
A kitchen with a microwave, stove, and checkered backsplash.

8. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
S$166
includes taxes & fees
26 Oct - 27 Oct
Refurinn Reykjavik Guesthouse - Hostel
A bunk bed in a room with a dark wall and a wooden floor.
A parking lot with several cars parked in front of a building with large windows and a flat roof.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
S$206
includes taxes & fees
14 Oct - 15 Oct
ASTIN ER SVARID HOSTEL
A restaurant interior with high ceilings, hanging plants, and a bar area.
A person in a kitchen holding a plate.
A cozy indoor area with a bookshelf displaying travel books, a seating area with tables and chairs, and a decorative hanging plant.
A restaurant interior with round tables, chairs, hanging spherical lamps, and a large Christmas tree.

10. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
brianna
S$544
includes taxes & fees
14 Oct - 15 Oct
Nordic Hostel
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 is a superb choice for budget travellers with a traveler review rating of 9.2, providing essential amenities at an affordable price. The hotel offers free Wi-Fi and a 24-hour airport shuttle, making it convenient for both arrivals and departures.
  • Other amenities: Guests can enjoy well-equipped rooms featuring kitchenettes, ovens, and refrigerators, perfect for those who prefer self-catering. Additional conveniences include a concierge service and the option for free street parking. Nearby locations provide opportunities for hiking and biking, ensuring travelers can explore the natural beauty of Iceland.
  • 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

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

8/10 Good
"Great location in central Reykjavik for amenities. A bit of a walk from reception to whichever building you are in. No drama. Rooms well equipped and comfortable. All you need."
Mark 4-night trip
Posted 4 hours ago
Reykjavik Residence Apartment Hotel
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Location is 10 minute walk from the center. There is new staff no check-in that was surprising at first. Otherwise a clean safe enjoyable stay . Bed was very comfortable."
Chris 2-night trip
Posted 16 hours ago
Alva Hotel Brautarholt
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"Need a USB plug in to charge our phones"
GEORGE 4-night trip
Posted 2 days ago
Hotel Reykjavík Grand
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Breakfast was excellent, staff very helpful, located close to restaurants."
Carron 1-night trip
Posted 2 days ago
Fosshotel Reykjavik
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Excellent location and very helpful staff."
Marilyn 3-night trip
Posted 2 days ago
Center Hotels Plaza
Hotel Odinsve

Hotel Odinsve

10/10 Excellent
"The hotel is right in the center of downtown. We were able to walk to pretty much everything. The bus stop for tours is just 5 min walk away. The bed was comfortable, staff was very nice and breakfast provided with your stay is just perfect. The restaurant is also convient for dinner w great food. The rooms are a good size for 2 people w a king bed. The bathroom is a little small but nothing that bothered us. Hairdryer provided , towels, and nice heater to beat the chill. There is no ac or refrigerator in case you require one."
Glenn 6-night trip
Posted 3 days ago
Hotel Odinsve

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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