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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.

A
Adriana
From
Brazil
We stayed at CityHub Reykjavik in May 2025 and absolutely loved everything about it. The concept is modern, comfortable, and super practical. The location is excellent, the common areas are cozy and well-designed, and the self-check-in process was smooth and easy. A special thank you to the staff for the lovely birthday surprise they prepared in the room for my husband — it was such a thoughtful touch and made our stay even more memorable! There’s really nothing negative to mention. I would definitely recommend CityHub to anyone visiting Reykjavik, especially couples and travelers who appreciate style, comfort, and a unique hotel experience.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,038 reviews
Price from
US$117.07
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.

V
Van
From
Canada
Modern look, clean, organized and had luggage storage. Location was pretty good. Able to walk everywhere and even walked from the domestic airport to here. Staff was friendly and there were lots of bathrooms/showers available.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 919 reviews
Price from
US$109.18
1 night, 2 adults

Apartments Reykjavik

Vesturbær, Reykjavík

Apartments Reykjavik in Reykjavík provides adults-only accommodation with a garden and barbecue facilities. With garden views, this accommodation features a patio.

O
Olly
From
United Kingdom
Perfect location and had everything I needed to enjoy my time here in Iceland!
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,378 reviews
Price from
US$126.10
1 night, 2 adults

Day Dream Vesturgata 17 Reykjavik

Vesturbær, Reykjavík

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.

S
Svetlana
From
Spain
Exceeded expectations, cozy and beautiful like at home, there is everything you need right in the room! Would recommend to anyone and would love to come back!!!
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 1,150 reviews
Price from
US$121.19
1 night, 2 adults

Hostel B47

Reykjavík 101, Reykjavík

Situated in Reykjavík, 2.5 km from Nauthólsvík Geothermal Beach, Hostel B47 features accommodation with a garden, free private parking, a shared lounge and a terrace.

A
Ahmed
From
Portugal
It’s clean, calm and located very close to Reykjavik city attractions. It’s full of fine art.
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 5,048 reviews
Price from
US$123.83
1 night, 2 adults

Icelandic Apartments by Heimaleiga

Kópavogur, Reykjavík

Icelandic Apartments includes 40 beautifully designed rooms and stunning views from shared balconies and some rooms. All our apartments are fully equipped for 2 or 4 guests with kitchen.

D
Diana Alexandra
From
Austria
The size, well heated (sometimes quite too much), free of charge parking, easy to follow check in and out instructions, well equipped kitchen. Supermarket across the street
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 2,604 reviews
Price from
US$133.23
1 night, 2 adults

Blue Mountain Apartments by Heimaleiga

Kópavogur, Reykjavík

Blue Mountain Apartments by Heimaleiga provides modern self-catering accommodation in Kópavogur. WiFi and parking are free. Smáralind Shopping Center is 3.8 km away.

R
Rachel
From
United Kingdom
Very clean and spacious. Great location for a base for where we were visiting. Perfect for what we wanted and a Bonus across the road for supplies.
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 1,767 reviews
Price from
US$141.64
1 night, 2 adults

KEX Hostel and Hotel

Reykjavík 101, Reykjavík

Set just 250 meters from Laugarvegur shopping street, this central Reykjavik hostel offers guest rooms and dormitory rooms with free Wi-Fi access. Harpa Concert Hall is 1 km away.

K
Kristupas
From
Lithuania
Super cozy place, with great community events happening almost every night You will not get bored YOU have my word!!
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,515 reviews
Price from
US$126.96
1 night, 2 adults

Bus Hostel Reykjavik

Reykjavík East, Reykjavík

Located in Reykjavík, 1.9 km from Nauthólsvík Geothermal Beach, Bus Hostel Reykjavik provides accommodation with a shared lounge, free private parking, a terrace and a bar.

a
alicja
From
Poland
Very good, but if u going there, remember to have your own towel bc I didnt know that they r not provided
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,796 reviews
Price from
US$130.91
1 night, 2 adults

Loft - HI Eco Hostel

Reykjavík 101, Reykjavík

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.

T
Tekade
From
India
How well organised everything is!
Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,719 reviews
Price from
US$191.86
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

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Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 3,084 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 2,582 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 5,048 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,213 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 3,375 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,378 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,796 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,760 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, 6,824 reviews

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, 553 reviews

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

From US$292.83 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 464 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$366.04 per night
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 861 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$321.24 per night
Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 296 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$300.50 per night
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 392 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 8.4
Very good - What previous guests thought, 22 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$168.84 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 US$191.86 per night
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 604 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$328.95 per night

Enjoy breakfast in Reykjavík and nearby

Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 2,740 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$162.17 per night

Exeter Hotel

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 2,707 reviews

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

From US$199.68 per night

ALVA Apartments

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 725 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.

Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 516 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$246.98 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,213 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$222.91 per night

Hotel Ódinsvé

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.3
Very good - What previous guests thought, 1,303 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$214.10 per night
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 2,049 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$265.47 per night
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 519 reviews

Day Dream L23 Guesthouse features accommodation within 800 metres of the centre of Reykjavík, with free WiFi, and a kitchenette with a microwave, a fridge and a stovetop.

From US$206.60 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, 267 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$356.42 per night
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 1,150 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$181.79 per night
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.

From US$243.54 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 2 reviews

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$437.44 per night
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 340 reviews

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

From US$208.33 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 1,153 reviews

Well situated in the Vesturbær district of Reykjavík, Refurinn Reykjavik Guesthouse is set 1.5 km from Hallgrímskirkja Church, 1.6 km from Solfar Sun Voyager and 3.6 km from The Pearl.

From US$147.16 per night
Scored out of 10, guest rating 7.9
Good - What previous guests thought, 359 reviews

Odinn Apartments is situated in Reykjavík, 300 metres from Hallgrímskirkja Church and 700 metres from Harpa Concert Hall & Conference Centre.

From US$432.83 per night
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 359 reviews

Set within 400 metres of Hallgrímskirkja Church and 700 metres of Solfar Sun Voyager in the centre of Reykjavík, Design apartments in the heart of Reykjavik offers accommodation with free WiFi and...

From US$311.63 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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Avg. price/night: US$180.63
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 907 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$111.32
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,796 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