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

Reykjavik Budget Hotels from RM569

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Check availability on Reykjavik Budget Hotels

Tonight
12 Sept - 13 Sept
Tomorrow
13 Sept - 14 Sept
Next weekend
18 Sept - 20 Sept
In two weeks
25 Sept - 27 Sept

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Zahra
RM489
RM569 total
includes taxes & fees
12 Oct - 13 Oct
CityHub Reykjavik

2. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
RM771
RM882 total
includes taxes & fees
11 Oct - 12 Oct
City Center Hotel

3. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Michelle
RM683
RM785 total
includes taxes & fees
7 Oct - 8 Oct
Hotel Fron

4. Fisherman's Village

Fisherman's Village
Garðabær
United States
Michael
RM564
RM653 total
includes taxes & fees
13 Oct - 14 Oct
Fisherman's Village

5. Hotel Viking

Hotel Viking
Hafnarfjordur
Canada
Christina
RM633
RM729 total
includes taxes & fees
16 Sept - 17 Sept
Hotel Viking

6. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Colleen
RM736
RM844 total
includes taxes & fees
12 Oct - 13 Oct
Hotel Von

7. Aska Hraun

Aska Hraun
Hafnarfjörður
United States
Song
RM368
RM624 total
includes taxes & fees
15 Sept - 16 Sept
Aska Hraun

8. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United States
Joseph
RM672
RM772 total
includes taxes & fees
11 Oct - 12 Oct
Konvin Hotel by Reykjavik Keflavik Airport

9. 201 Hotel

201 Hotel
Smárinn
United States
PARAG J
RM597
RM690 total
includes taxes & fees
12 Oct - 13 Oct
201 Hotel

10. Hotel Vellir

Hotel Vellir
Hafnarfjordur
United States
Therese
RM562
RM650 total
includes taxes & fees
14 Sept - 15 Sept
Hotel Vellir
View all properties

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.

Find the best cheap hotels in Reykjavik

For budget-conscious travellers visiting Reykjavik, these fantastic hotels offer excellent value without compromising on comfort or amenities. Each option ensures a pleasant stay while keeping costs down.Guesthouse Sunna

  • Why it's great for a budget-friendly vacation: With an excellent traveler review rating of 9.2, Guesthouse Sunna is an excellent budget-friendly option for visitors to Reykjavik. The hotel features free Wi-Fi, self-parking, and nearby parking options, ensuring travelers can explore the city with ease without worrying about additional costs.
  • Other amenities: This guesthouse offers shared kitchen facilities, allowing travelers to prepare their own meals, while daily housekeeping contributes to a comfortable stay. Rooms are equipped with essential amenities, including microwaves and refrigerators. Additionally, rollaway beds are available at no charge, catering to diverse traveler needs.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.5 km, Hallgrimskirkja - 0.1 km, Reykjavik Free Church - 0.7 km

Storm Hotel by Keahotels

  • Why it's great for a budget-friendly vacation: Storm Hotel by Keahotels is a budget-friendly gem that scores a remarkable 9.2 in guest reviews. Perfectly suited for cost-conscious travellers, the hotel offers free Wi-Fi and a delicious buffet breakfast to kickstart the day. With additional amenities such as free toiletries and a snack bar, guests will find everything they need for a comfortable stay.
  • Other amenities: This hotel also features options for connecting rooms, a balcony or patio for enjoying fresh air, and parking facilities for added convenience. The concierge service ensures that guests receive personalised support during their visit, and family amenities like free cribs make it a great choice for those travelling with little ones.
  • Neighborhood: Laugardalur
  • Nearby attractions: Laugavegur - 0.1 km, Harpa - 1.4 km, Hallgrimskirkja - 1.5 km

Top Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"The room was very clean and modern. The reception staff was very friendly and helpful. The laundry facilities were very useful but the dryers were exceedingly inefficient. I had a small load and after two hours and four trips to check, the load was still damp and I had to hang dry in our room"
Derek 4-night trip
Posted 15 hours ago
Reykjavik Residence Apartment Hotel
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"We liked the lobby area. Breakfast was good. The shower had an odd small glass partition that didn't stop the water spraying towards the toilet which was too close. Floor was always so wet after a shower. Beds could have had firmer mattresses for us."
Theresa 4-night trip
Posted 23 hours ago
Hotel Reykjavík Grand
Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Loved everything about it - location, restaurant, clean etc but didn’t give it 5 stars because the bathroom sink was too small to wash your face without getting water all over the floor. The faucet extended right into the middle of the sink, maybe a bit past even."
Amy 1-night trip
Posted 1 day ago
Alda Hotel Reykjavik
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"I loved the rooftop area! It provided an excellent view of the bay and was a great place for breakfast to be served and to enjoy cocktails during happy hour after a day of sightseeing. The breakfast buffet was excellent with a wide variety of foods available to appease everyone."
Dawn 2-night trip
Posted 1 day ago
Center Hotels Arnarhvoll
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Spacious and comfortable. Loved the comforter! The only thing is that the sign is hard to see in the dark and rain."
James 1-night trip
Posted 2 days ago
Alva Hotel Brautarholt
Fosshotel Barón

Fosshotel Barón

8/10 Good
"Central location. Staff was helpful and friendly."
Linda 3-night trip
Posted 2 days ago
Fosshotel Barón
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"I got what I wanted from this hotel --- a good location, helpful staff, a yummy breakfast, a basic but clean room, etc. No issues at all and I would not hesitate to stay here again"
Andrew J. 1-night trip
Posted 5 days ago
Fosshotel Lind

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, Old Town Reykjavik is a popular hotel for our travellers in search of a less expensive place to stay, and it offers free Wi-Fi. Other good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 13 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, Oskjuhlid Hill or Nautholsvik Geothermal Beach.
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.

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