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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 selection of great cheap hotels in Reykjavík

Looking for a cheap hotel?

For those trying to save, these fun, budget hotels still have lots to offer, from Wifi to convenient locations. Popular with backpackers, many properties are set in central areas and include comfortable rooms with private or shared bathrooms. You’ll also find loads of options that feature 24-hour front desks and luggage storage.

Most booked cheap hotels in Reykjavík and surrounding area in the past month

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Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.9
Excellent - What previous guests thought, 3,088 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very Good - What previous guests thought, 2,587 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very Good - What previous guests thought, 5,036 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 3,212 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very Good - What previous guests thought, 3,383 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.8
Excellent - What previous guests thought, 1,390 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.1
Very Good - What previous guests thought, 3,811 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,761 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very Good - What previous guests thought, 4,515 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.2
Very Good - What previous guests thought, 6,807 reviews

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

Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 553 reviews

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

From $249.42 per night
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 458 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 center.

From $303.08 per night
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 869 reviews

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

From $349.64 per night
Scored out of 10, guest rating 8.4
Very Good - What previous guests thought, 22 reviews

Reykjavík Rainbow Guesthouse features rooms with free Wifi in the center of Reykjavík.

From $158.18 per night
Scored out of 10, guest rating 8.4
Very Good - What previous guests thought, 1,377 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.

From $262.12 per night
Scored out of 10, guest rating 8.4
Very Good - What previous guests thought, 1,719 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.

From $189.62 per night
Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 607 reviews

These luxury apartments in central Reykjavik are just 1148 feet from Old Reykjavik Harbor. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

From $350.80 per night
Scored out of 10, guest rating 8.9
Excellent - What previous guests thought, 2,738 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 $167.32 per night

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

Scored out of 10, guest rating 8.1
Very Good - What previous guests thought, 266 reviews

Odinn Reykjavik Skolavordustigur Apartments provides rooms in Reykjavík near Reykjavik Art Museum: Kjarvalsstadir and Laugavegur Shopping Street.

From $518.82 per night
Scored out of 10, guest rating 8.8
Excellent - What previous guests thought, 2,685 reviews

This contemporary design hotel is set in Reykjavík's Old Harbor area, 1640 feet from Harpa Concert Hall & Conference Center.

From $253.87 per night
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 6 reviews

Ranargata Apartments by Heimaleiga offers accommodations in Reykjavík, 2.3 miles from The Pearl and 1.2 miles from Laugavegur Shopping Street.

From $615.57 per night
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 340 reviews

Next Apartment Bergstadastræti offers modern, self-catering accommodations 656 feet from Laugavegur shopping street, in central Reykjavík. WiFi is free.

From $208.29 per night
Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 1,155 reviews

In a prime location in the Vesturbær district of Reykjavík, Refurinn Reykjavik Guesthouse is located a 17-minute walk from Hallgrímskirkja Church, one mile from Solfar Sun Voyager and 2.3 miles from...

From $147.13 per night
Scored out of 10, guest rating 8.9
Excellent - What previous guests thought, 516 reviews

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

From $297.33 per night
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 136 reviews

Perfect Apartment in the Heart of Reykjavík is located in Reykjavík, just 1.8 miles from The Pearl and 30 miles from Blue Lagoon.

From $264.89 per night
Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 3,212 reviews

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

From $242.76 per night

Enjoy breakfast in Reykjavík and nearby

Hotel Ódinsvé

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.3
Very Good - What previous guests thought, 1,310 reviews

Hotel Odinsve is a quarter mile 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 $214.06 per night
Scored out of 10, guest rating 8.8
Excellent - What previous guests thought, 2,042 reviews

Offering city views, Vintage Apartment Hotel is set along Laugavegur Shopping Street in Reykjavík. Hallgrímskirkja Church is 984 feet away. The accommodations has a flat-screen TV.

From $265.41 per night
Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 1,638 reviews

Located in Reykjavik’s old city center, this family-run property is across the street from Hallgrim’s Church. It offers a communal kitchen, as well as modern and fresh rooms with wooden furnishings.

From $189.25 per night
Scored out of 10, guest rating 8.7
Excellent - What previous guests thought, 1,442 reviews

Located on Laugavegur shopping street in central Reykjavik, this hotel offers rooms with a flat-screen TV and free WiFi access. Hallgrimskirkja Church is a 5-minute walk away.

From $212.92 per night

Hotel Vera

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.2
Very Good - What previous guests thought, 1,355 reviews

Ideally located in the Miðborg district of Reykjavík, Hotel Vera is located a 6-minute walk from Hallgrímskirkja Church, 700 yards from Solfar Sun Voyager and 1.6 miles from The Pearl.

From $192.71 per night
Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 3,018 reviews

Located in Reykjavík and with Nauthólsvík Geothermal Beach reachable within 1.8 miles, Center Hotels Laugavegur has concierge services, non-smoking rooms, a restaurant, free WiFi throughout the...

From $219.49 per night
Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 971 reviews

Located only 1148 feet from restaurant and shopping along Laugavegur shopping street, this offers stylish rooms in central Reykjavik.

From $264.36 per night

Hotel Klettur

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.2
Very Good - What previous guests thought, 1,220 reviews

Hotel Klettur is 1640 feet to the main shopping area of Laugavegur street. It offers modern guest rooms with free WiFi and a flat-screen satellite TV.

From $188.09 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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Avg. price/night: $165.01
Scored out of 10, guest rating 8.7
Excellent - What previous guests thought, 908 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
Avg. price/night: $107.34
Scored out of 10, guest rating 8.1
Very Good - What previous guests thought, 3,811 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