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Cheap hotels in Reykjavík

Find the cheap hotels that appeal to you the most

The best cheap hotels in Reykjavík

Check out our pick of great cheap hotels in Reykjavík

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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

Central Location: CityHub Reykjavik is situated in the city centre of Reykjavík, offering easy access to key attractions.

C
Claire Ko
From
Taiwan
The bed was the softest and most comfortable I’ve ever slept in, and the location was absolutely perfect. It was just a short walk to the bus stop, which made joining my three days of day tours incredibly convenient!
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,150 reviews
Price from
US$112.17
1 night, 2 adults

Hotel Lotus

Hotel in Reykjavík East, Reykjavík

Set an 8-minute drive from central Reykjavik, this hotel offers free parking and brightly decorated rooms with a flat-screen TV and free Wi-Fi access. Kringlan Shopping Centre is 1 km away.

G
Grigorios
From
Greece
extremely gentle staff, very good breakfast, clean.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,380 reviews
Price from
US$241.13
1 night, 2 adults

Hotel Local 101

Hotel in Vesturbær, Reykjavík

Newly renovated during the spring of 2023, Hotel Local 101 is an independent hotel quietly tucked away in the heart of downtown Reykjavik, on a charming street made up of classical Icelandic homes.

A
Agustina
From
Uruguay
Everything from the hotel was great. Location (super close to the centre but still in a quiet neighbourhood), previous communication, friendliness and availability from staff upon arrival. The room was fantastic, super comfortable and nice. Bonus points to the amazing toiletry products! I would 100% reccommend and would stay there again if ever back in town.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 2,783 reviews
Price from
US$217.02
1 night, 2 adults

Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in Reykjavík, and features a shared lounge, free WiFi and a bar.

Y
Yanina
From
Argentina
Amazing hostel. Comfortable beds, with their own separation for privacy. Super clean. Located about 8 mins to the town center.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 978 reviews
Price from
US$98.36
1 night, 2 adults

Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side

Reykjavík East, Reykjavík

Situated in Reykjavík and only 4.5 km from The Pearl, Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side features...

M
Minja
From
Croatia
Highly recommended for anyone staying in Reykjavik! The hosts went out of their way to leave a welcome message in our native language! The accommodation has absolutely everything and more than you need for a comfortable stay! Thank you from the bottom of my heart!
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 168 reviews
Price from
US$248.78
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.3 km from Solfar Sun Voyager, Iceland SJF Apartments - 201 offers air-conditioned accommodation with a balcony and free WiFi.

C
Carla
From
Canada
We absolutely loved this apartment and our stay in Reykjavic! Our host was very attentive both leading up to Our stay and during our stay answering all of our questions. He was attentive to providing anything we needed extra in a timely manner. The beds, including the pull Out couch, were very comfortable. The whole apartment was spotless. Free parking out front also a great bonus. Great location close to downtown core.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 133 reviews
Price from
US$291.12
1 night, 2 adults

Iceland SJF Apartments - 301

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 301 offers air-conditioned accommodation with a balcony and free WiFi.

N
Natasha
From
Ireland
The place is a gem. The apartment was beautiful very clean. Has everything you need. Close to all the restaurants and shops and bars. Sigurour is a fabulous host and gave clear directions to the apartment. I would highly recommend this apartment for a couple or family you will not be disappointment.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 100 reviews
Price from
US$258.78
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

A recently renovated apartment set in the Reykjavík East district of Reykjavík, Iceland SJF Apartments - 503 offers accommodation with with a garden, parking on-site and free WiFi.

a
andykadir
From
India
Great host, clean apartment and great amenities such as washing facilities etc
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 142 reviews
Price from
US$232.90
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 401 features air-conditioned accommodation with a balcony and free WiFi.

J
Jan
From
Poland
Perfect place. Perfect localization and contact with owner.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 186 reviews
Price from
US$307
1 night, 2 adults

Panoramic Studio Apartment with stunning view - Free Parking

Reykjavík East, Reykjavík

Offering mountain views, Panoramic Studio Apartment with stunning view - Free Parking is an accommodation situated in Reykjavík, 4.4 km from Hallgrímskirkja Church and 4.5 km from The Pearl.

O
Olek_online
From
Poland
Fantastic panoramic view of Reykjavík! Great location for when you have a car (or like long walks). Hassle-free contact with the host.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 129 reviews
Price from
US$158.79
1 night, 2 adults
All cheap hotels in Reykjavík

Looking for a cheap hotel?

For those on a budget, these cheap and cheerful hotels still have a lot to offer, with most offering WiFi and convenient locations. Popular with backpackers, many properties can be found in central locations and include comfortable rooms with private or shared bathrooms. You’ll also find a number of options which feature a 24-hour front desk and luggage storage.

Most booked cheap hotels in Reykjavík and surroundings in the past month

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Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 2,749 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,439 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,915 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,216 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 4,988 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 3,346 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,429 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,808 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 1,901 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 6,855 reviews

Stay connected in Reykjavík and nearby. Cheap hotels with free WiFi

Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 581 reviews

Iceland Parliament Hotel, Curio Collection By Hilton features a fitness centre, shared lounge, a restaurant and bar in Reykjavík.

From US$946.10 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 444 reviews

This hotel is located about 5 minutes' walk from Harpa Concert Hall. Reykjavik Konsulat Hotel, Curio Collection By Hilton in Reykjavík features a bath house and complimentary fitness centre.

Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 913 reviews

Hotel Reykjavík Saga features a fitness centre, garden, a terrace and restaurant in Reykjavík. With free WiFi, this 4-star hotel offers room service and a 24-hour front desk.

Scored out of 10, guest rating 8.3
Very good - What previous guests thought, 301 reviews

Located in the centre of Reykjavík, Day Dream Historical Grjótagata 4 provides rooms with free WiFi. The property has garden and city views, and is 1.2 km from Hallgrímskirkja Church.

Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 388 reviews

Set in a preserved historic house, this accommodation is located in the old town and is a 13-minute walk of Hallgrímskirkja Church in Reykjavík.

Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 1,472 reviews

Set within 700 metres of Hallgrímskirkja Church and 3.3 km of The Pearl in Reykjavík, Thingholt Hotel Apartments from Center Hotels offers accommodation with seating area.

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 23 reviews

Reykjavík Rainbow Guesthouse, a property with a terrace, is located in Reykjavík, 3.3 km from The Pearl, 700 metres from Harpa Concert Hall & Conference Centre, as well as less than 1 km from...

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,724 reviews

Featuring a lounge, bar and a rooftop terrace with a city view, this eco-hostel is just a few steps away from Laugavegur, Reykjavík's main social hub.

Enjoy breakfast in Reykjavík and nearby

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,346 reviews

This stylish and original hotel is just a 2-minute walk from Reykjavik’s main shopping street, Laugavegur. It offers free WiFi and rooms with a satellite TV and a tea/coffee maker.

Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 2,783 reviews

Newly renovated during the spring of 2023, Hotel Local 101 is an independent hotel quietly tucked away in the heart of downtown Reykjavik, on a charming street made up of classical Icelandic homes.

From US$482.85 per night
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 1,135 reviews

Set within 1.4 km of Hallgrímskirkja Church and 1.3 km of Solfar Sun Voyager in Reykjavík, Day Dream Vesturgata 17 Reykjavik offers accommodation with seating area.

From US$370.52 per night

Exeter Hotel

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 2,535 reviews

This contemporary design hotel is set in Reykjavík's Old Harbour area, 500 metres from Harpa Concert Hall & Conference Centre.

From US$899.83 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 506 reviews

Located just a 2-minute walk from Laugavegur Shopping Street, Canopy by Hilton Reykjavik City Centre in Reykjavík boasts a number of amenities including a fitness centre and a bar.

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,216 reviews

Set in the popular 101 harbour district of Berjaya Reykjavik Marina Hotel offers free Wi-Fi access. All rooms include a flat-screen TV and either city or harbor views.

Hotel Ódinsvé

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,304 reviews

Hotel Odinsve is 400 metres from Laekjartorg Square in central Reykjavik. It offers free Wi-Fi internet. All rooms have satellite TV, hardwood floors and a tea/coffee maker.

From US$649.88 per night
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,972 reviews

Offering city views, Vintage Apartment Hotel is set along Laugavegur Shopping Street in Reykjavík. Hallgrímskirkja Church is 300 metres away. The accommodation has a flat-screen TV.

From US$941 per night

Great access to the city centre. Check these cheap hotels in Reykjavík and nearby

Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 603 reviews

These luxury apartments in central Reykjavik are just 350 metres from Old Reykjavik Harbour. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

From US$1,486.19 per night
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 771 reviews

Situated minutes away from the city lake in central Reykjavík, Castle House Luxury Apartments is located next to the National Gallery of Iceland.

Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 261 reviews

Located within 700 metres of Hallgrímskirkja Church and less than 1 km of Solfar Sun Voyager in the centre of Reykjavík, Odinn Reykjavik Skolavordustigur Apartments provides accommodation with free...

Scored out of 10, guest rating 9.8
Exceptional - What previous guests thought, 6 reviews

In the Reykjavík 101 district of Reykjavík, close to Hallgrímskirkja Church, Vesturgata One Bedroom Apartment Near Harbour by Heimaleiga features free WiFi and a washing machine.

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 2 reviews

Ranargata Three Bedrooms Apartments by Heimaleiga has a patio and is set in Reykjavík, within just 1.4 km of Solfar Sun Voyager and 400 metres of Reykjavik Old Harbour.

Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 6 reviews

Situated in Reykjavík, 1.3 km from Hallgrímskirkja Church, Ranargata Apartments by Heimaleiga features rooms with city views and free WiFi.

Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 2 reviews

Three Bedroom Apartment on Rainbow Street by Heimaleiga in Reykjavík offers accommodation with free WiFi, 500 metres from Hallgrímskirkja Church, 2.8 km from The Pearl and 49 km from Blue Lagoon.

Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 338 reviews

Next Apartment Bergstadastræti offers modern, self-catering accommodation 200 metres from Laugavegur shopping street, in central Reykjavík. WiFi is free.

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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Avg. price/night: US$392.63
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 928 reviews
Brilliant location close to Reykjavik!! There is a supermarket around the corner which is one of the cheaper ones in Iceland. Apartment was spotless with brilliant facilities including a kitchen we cooked 3 main meals in and had good facilities to do this. I would 1000% recommend this apartment complex to anyone visiting Reykjavik. We were even lucky enough to see the Northern lights from our balcony! It has everything you need and nothing seemed too much to ask. Thank you so much for having us!
Guest review by
chloe
Young couple
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 2,206 reviews
Very clean room, good quality typical Nordic breakfast, I liked the atmosphere of the whole place. Comfortable bed, and the room was big enough for a single room at a budget accommodation. Check in took just a few seconds, only to tell my name and then get the keys. I stayed for a whole week, using Reykjavik as a base for exploring western and southern Iceland. The price was very affordable considering how expensive accommodation is in general in Reykjavik.
Guest review by
Magnus.P
Solo traveller
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,915 reviews
Location is quite OK - not far (on foot) from the BSI station and also from the city center - so ideal if you need to catch an early bus (like we needed), and of course - it's cheap. Showers/toilets were very clean.
Guest review by
Eva
Group