A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

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Our top choices for Reykjavik cheap hotels

Aska Hraun

Aska Hraun
2.0 star property
Hafnarfjörður
7.2 out of 10, Good, (11 reviews)
"Extremely clean and fresh, bed comfortable, good location."
United States
KERRY
The price is Rp2.036.028
Rp3.199.742 total
includes taxes & fees
13 Jul - 14 Jul
Aska Hraun

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (534 reviews)
"Such a great stay! Check in was easy, the place was clean, and perfect for a quick trip to Iceland!!"
United States
Ashley
The price is Rp2.307.412
Rp2.676.136 total
includes taxes & fees
14 Jul - 15 Jul
CityHub Reykjavik

Blue Viking Pods

Blue Viking Pods
1.5 star property
Reykjanesbær
8.4 out of 10, Very good, (47 reviews)
"Very good for short term stays "
United States
Erica
The price is Rp2.082.772
Rp2.426.932 total
includes taxes & fees
20 Jul - 21 Jul
Blue Viking Pods

iStay Cottages

iStay Cottages
3.0 star property
Suðurnesjabær
9.2 out of 10, Wonderful, (453 reviews)
"Great place"
United States
Andrew
The price is Rp1.938.426
Rp2.266.518 total
includes taxes & fees
14 Jul - 15 Jul
iStay Cottages

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.0 out of 10, Very good, (1,016 reviews)
"Check in was very easy and room was nice and clean"
United States
Emma
The price is Rp3.218.741
Rp3.687.858 total
includes taxes & fees
3 Aug - 4 Aug
Hotel Duus

Hotel Boli Keflavik

Hotel Boli Keflavik
2.0 star property
Reykjanesbaer
8.4 out of 10, Very good, (63 reviews)
"Convenient place to stay last night of our trip, near the airport. Clean, great kitchen dining area space!"
Canada
Jana
The price is Rp2.914.574
Rp3.350.627 total
includes taxes & fees
14 Jul - 15 Jul
Hotel Boli Keflavik

Fisherman's Village

Fisherman's Village
3.0 star property
Garðabær
9.2 out of 10, Wonderful, (1,009 reviews)
The price is Rp3.779.426
Rp4.310.028 total
includes taxes & fees
20 Jul - 21 Jul
Fisherman's Village

201 Hotel

201 Hotel
4.0 star property
Kópavogur
8.6 out of 10, Excellent, (1,016 reviews)
"Great staff, good breakfast and clean room, easy free parking"
Canada
Robert
The price is Rp2.858.825
Rp3.288.161 total
includes taxes & fees
14 Jul - 15 Jul
201 Hotel

Eldey Airport Hotel

Eldey Airport Hotel
3.0 star property
Reykjanesbær
8.4 out of 10, Very good, (857 reviews)
"The hotel is very nice."
Canada
Darwin
The price is Rp3.426.435
Rp3.918.208 total
includes taxes & fees
27 Jul - 28 Jul
Eldey Airport Hotel

Strand Hotel Apartments

Strand Hotel Apartments
2.0 star property
Hafnarfjörður
9.2 out of 10, Wonderful, (16 reviews)
"The room was spacious, with high ceilings, nice kitchens, bathrooms and I especially loved that the two sets of doors opened to experience the beautiful weather. Definitely returning and will rebook with Strand Hotel."
United States
Christena
The price is Rp2.164.088
Rp3.754.332 total
includes taxes & fees
13 Jul - 14 Jul
Strand Hotel Apartments
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.

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

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 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.