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 selection of great cheap hotels in Reykjavík

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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

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

K
Kelly
From
Canada
We loved how cozy the pods were! The price was excellent for Reykjavik. The cafe/kitchen area provided everything we needed to keep and make light meals. Iceland is super expensive to eat out so we liked how we could buy groceries and save on food. We didn’t cook meals but we had yogurt, granola, fruit, noodle cups and sandwiches etc. The bathroom facilities were always kept clean. Staff were helpful and super friendly! Would stay here again for sure!
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 919 reviews
Price from
$127.32
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.

X
XIANGCHENG
From
China
I was lucky to stay in this hostel which just opened two weeks ago. Everything is new. The room is very private and comfortable. What surprised me was that the room was very quiet all day long without any noise. The lobby is also very comfortable and cozy. There are many toilets and there is plenty of time and hot water for showering. The kitchen is not only clean but also equipped with all the kitchen utensils. I am also very grateful to a Chilean employee who is very enthusiastic and cheerful and helped us a lot.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 857 reviews
Price from
$120.30
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

Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side offers accommodations in Reykjavík, 2.8 miles from The Pearl and 2.9...

P
Petar
From
Croatia
Wonderful property and host, left us a welcome present on very short notice.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 150 reviews
Price from
$248.51
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Iceland SJF Apartments - 201 offers accommodations in Reykjavík, 1.8 miles from Nauthólsvík Geothermal Beach and 29 miles from Blue Lagoon.

L
Linda
From
United States
The property was very clean and comfortable.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 123 reviews
Price from
$401.85
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

Iceland SJF Apartments - 503 is a recently renovated apartment in Reykjavík, near Solfar Sun Voyager. This apartment offers air-conditioned accommodations with a balcony and free Wifi.

L
Leftoversagain
From
United States
The bed and the apartment was a good sized space for 2 people and the view was decent. It did feel like we were in an industrial section of town but there was a hotel next door that had great food and service at the restaurant. I believe it was called Eyja.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 133 reviews
Price from
$507.60
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Just a 16-minute walk from Solfar Sun Voyager and 0.8 miles from Hallgrímskirkja Church, Iceland SJF Apartments - 401 features accommodations in Reykjavík with a garden.

J
Jambord
From
Armenia
The apartment is new, spacious, and clean, with all amenities. Location is very convenient, close to the city center, with a beautiful ocean view and close to supermarkets and restaurants. Having free parking near the building was very helpful too.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
$401.85
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Lundur Apartments - Down Town is a recently renovated apartment in the center of Reykjavík, a 5-minute walk from Solfar Sun Voyager and 500 yards from Hallgrímskirkja Church.

K
Kara
From
United States
Excellent location! Clean and comfortable. Would definitely recommend.
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 124 reviews
Price from
$485.39
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

Just a 16-minute walk from Solfar Sun Voyager and 0.8 miles from Hallgrímskirkja Church, Center Apartments - Esja features accommodations in Reykjavík, with a terrace.

M
Marco
From
Switzerland
super cool apartment, well located and fully equipped with everything you need. It even had spices, coffee, sugar etc.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 250 reviews
Price from
$329
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Just a 16-minute walk from Solfar Sun Voyager and 0.8 miles from Hallgrímskirkja Church, Center apartments - Hekla features accommodations in Reykjavík with a terrace.

A
Anna
From
United States
it was perfect and I wish we were staying here on our way back as well! the host is amazing, location perfect and easily walkable to the city center. brand new unit-will recommended to all our friends!
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 152 reviews
Price from
$296.10
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

B 18-20 Apartments enjoys a location in Reykjavík, 1.8 miles from Nauthólsvík Geothermal Beach and 29 miles from Blue Lagoon.

A
ALEJANDRA
From
Sweden
The place is super well located and the people in charge are very nice!! We felt like home
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 308 reviews
Price from
$295.04
1 night, 2 adults
All 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 7.9
    Good - What previous guests thought, 3,378 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,466 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,579 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 4,467 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 3,822 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 5,058 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,569 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,635 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 6,906 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,782 reviews

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

  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 536 reviews

    Iceland Parliament Hotel, Curio Collection By Hilton features a fitness center, shared lounge, a restaurant and bar in Reykjavík. This 4-star hotel offers a concierge service and a tour desk.

    From $324.30 per night
  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 473 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 $329.94 per night
  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 814 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 $422.48 per night
  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 290 reviews

    Day Dream Historical Grjótagata 4 features rooms with free Wifi in the center of Reykjavík.

    From $331.88 per night
  • Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 18 reviews

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

    From $204.31 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,707 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 $199.21 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 591 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 $413.01 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 786 reviews

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

    From $194.58 per night

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 2,753 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 $196.81 per night
  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,793 reviews

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

    From $282 per night
  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 706 reviews

    ALVA Apartments offers accommodations within 0.6 miles of the center of Reykjavík, with free Wifi and a kitchen with a dishwasher, an oven, and a toaster.

    From $338.40 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 3,208 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 $284.57 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 1,292 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 $256.74 per night
  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 2,475 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.

    From $204.45 per night
  • Scored out of 10, guest rating 9.0
    Wonderful - What previous guests thought, 919 reviews

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

    From $165.70 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 2,102 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 $329 per night

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

  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 26 reviews

    Cozy Studio in Reykjavik is located in Reykjavík, just 2.1 miles from The Pearl and 30 miles from Blue Lagoon.

    From $190.82 per night
  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 1,182 reviews

    Offering quiet street views, Day Dream Vesturgata 17 Reykjavik in Reykjavík provides accommodations and a terrace. Featuring mountain and city views, this condo hotel also features free Wifi.

    From $237.94 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 5 reviews

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

    From $308.20 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 1,150 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...

  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 527 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 $331.36 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 139 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.

  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 348 reviews

    Design apartments in the heart of Reykjavik enjoys a location in Reykjavík, 1.6 miles from The Pearl and 30 miles from Blue Lagoon.

    From $401.85 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,243 reviews

    Just off the Laugavegur shopping street, Grettir Guest house features self-service check-in. This property is a 5-minute walk from Hallgrimskirkja Church. Free WiFi is available.

    From $150.99 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $286.70
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 880 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: $151.57
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,239 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 traveler
  • Avg. price/night: $159.92
    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,635 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