The 10 best cheap hotels in Reykjavík, Iceland | Booking.com
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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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Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in the centre of Reykjavík, and provides a shared lounge, free WiFi and a bar.

D
Digna
From
Norway
Everything. Interior, so cosy. Staff very friendly and helpful. Rooms are clean and quite. And ofcourse location. Will stay again! Thank you ✨ Gabriella made delicious coffee :)
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 822 reviews
Price from
US$119.87
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
Michael
From
Australia
Warm and cosy, well maintained and had a fantastic selection of tea and coffee!
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 145 reviews
Price from
US$183.47
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.

K
Kristina
From
Croatia
The apartment was easy to find and there was free parking in front. The rooms were clean and there were all the amenities needed for our stay. There is a Bonus right around the corner, which made shopping for food easier. The host was wonderful, we wanted to watch some local TV station and in 5 minutes he was there to show them to us. Perfect location to go on a walk to the city, but also to for going on adventures outside of Reykjavik.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 120 reviews
Price from
US$402.12
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.

J
Jón Kristinn
From
Iceland
This is the 2nd time I stay with this host, that says a lot about the host.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 133 reviews
Price from
US$507.95
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.

Z
Zoë
From
Ireland
I loved the space and having the freedom to cook dinner after a long day of exploring. The apartment was spotless and had everything we needed. Would recommend this place to anyone staying in Iceland.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 175 reviews
Price from
US$402.12
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Ideally set right in the centre of Reykjavík, Lundur Apartments - Down Town is a recently renovated apartment, featuring free WiFi and private parking.

G
GiuliaFnn
From
Italy
The apartment is huge, beautifully furnished, fully equipped and in the pedestrian area. The private parking is really useful. We would definitely book again
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 122 reviews
Price from
US$485.72
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

2.8 km from Nauthólsvík Geothermal Beach, Center Apartments - Esja is situated in Reykjavík and features air-conditioned rooms with free WiFi. Guests staying at this apartment have access to a...

V
Varun
From
Canada
The apartment was in a great location. We had a rental car and all the main attractions in Reykjavík were very close. We stayed here twice during our trip. Once it was 2 of us and the 2nd time it was 4 of us. The place was spacious for even the 4 of us. The pullout couch was comfortable and so was the bed. Shower pressure was great and being able to make a quick breakfast in the kitchen was very convenient. Highly recommend the place.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 248 reviews
Price from
US$258.68
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Center apartments - Hekla features air-conditioned accommodation with a balcony and free WiFi.

C
Charlene
From
Malta
Apartment fully equipped with everything. Host very responsive to messages. Easy check in and check out. Host let us check out later at own will. Modern and nice apartment
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 149 reviews
Price from
US$296.30
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

Offering city views, B 18-20 Apartments is set in the Reykjavík East district of Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager.

J
José
From
Portugal
Very comfortable apartment next to city centre, perfect to start or end your Ring Road trip.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 303 reviews
Price from
US$295.24
1 night, 2 adults

Beautiful flat in downtown Reykjavík with a veiw

Reykjavík East, Reykjavík

Beautiful flat in downtown Reykjavík with a veiw is located in the Reykjavík East district of Reykjavík, 1 km from Solfar Sun Voyager, less than 1 km from Hallgrímskirkja Church and 2 km from The...

J
Jennifer
From
Canada
Convenient Location Have a patio Fully equiped kitchen The mattress in the room is comfortable
Scored out of 10, guest rating 9.9
Exceptional - What previous guests thought, 148 reviews
Price from
US$242.86
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

See all
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 1,943 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,481 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,482 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,586 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 3,812 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 5,051 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,580 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,777 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,891 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,566 reviews

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

  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 477 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.

    From US$404.05 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 792 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.

    From US$483.47 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 291 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.

    From US$341.10 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 16 reviews

    In the centre of Reykjavík, located within a short distance of Solfar Sun Voyager and Hallgrímskirkja Church, Most Desirable Penthouse in Reykjavík offers free WiFi, air conditioning and household...

  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 18 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...

    From US$215.27 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,698 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 US$216.94 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 585 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$457.97 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,778 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$262.03 per night

Enjoy breakfast in Reykjavík and nearby

  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,844 reviews

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

    From US$320.99 per night
  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 703 reviews

    ALVA Apartments offers accommodation within 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a toaster.

    From US$230.46 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 3,202 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.

    From US$344.02 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 1,288 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$320.41 per night
  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 2,483 reviews

    Conveniently located on Laugavegur shopping street central Reykjavik, Hotel Frón offers free Wi-Fi and rooms and apartments with private bathrooms. All apartments include kitchen facilities.

  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 880 reviews

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

    From US$156.59 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 2,122 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$340.98 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,251 reviews

    Located in the calm Thingholt neighbourhood, this family-owned guest house is in Reykjavik is just 450 metres from the shopping Laugavegur Street.

    From US$183.19 per night

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

  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 276 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...

    From US$604.36 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 1,192 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$298.07 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 5 reviews

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

    From US$316.35 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 1 review

    Spacious 3Bedroom Apartment on Rainbow Street in Reykjavík offers accommodation with free WiFi, 500 metres from Hallgrímskirkja Church, 2.8 km from The Pearl and 49 km from Blue Lagoon.

    From US$588.49 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 322 reviews

    Skolo Reykjavik Apartments is set in the Reykjavík 101 district of Reykjavík, less than 1 km from Solfar Sun Voyager, 2.6 km from The Pearl and 48 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.

    From US$245.74 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 168 reviews

    Set in Reykjavík and only 1.4 km from Solfar Sun Voyager, Downtown Apartments at Old Harbor Reykjavík offers accommodation with sea views, free WiFi and free private parking.

  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 532 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.

    From US$407.71 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$223.17
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 871 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: US$183.19
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,251 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, 3,566 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