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

Reykjavik Budget Hotels from RM568

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Our top choices for Reykjavik cheap hotels

201 Hotel

201 Hotel
4.0 star property
Kópavogur
8.6 out of 10, Excellent, (1,000 reviews)
"Nice location, quiet rooms"
United States
Roger
The price is RM764
RM874 total
includes taxes & fees
2 Aug - 3 Aug
201 Hotel

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (558 reviews)
"Cozy , safe great for the price"
United States
Tashara
The price is RM652
RM750 total
includes taxes & fees
3 Aug - 4 Aug
CityHub Reykjavik

Old Town Reykjavik

Old Town Reykjavik
3.0 star property
Downtown Reykjavik
7.2 out of 10, Good, (246 reviews)
"We enjoyed our stay at Old Town Reykjavik, it was clean and comfortable. We were very close to amenities and attractions."
Canada
Shara-Lee
The price is RM547
RM633 total
includes taxes & fees
4 Aug - 5 Aug
Old Town Reykjavik

Arctic Comfort Hotel

Arctic Comfort Hotel
3.0 star property
Háaleiti
7.4 out of 10, Good, (525 reviews)
"Clean room + close to botanical gardens + half-marathon"
Australia
Bryn
The price is RM394
RM779 total
includes taxes & fees
30 Jul - 31 Jul
Arctic Comfort Hotel

Guesthouse Aurora

Guesthouse Aurora
2.0 star property
Downtown Reykjavik
8.2 out of 10, Very good, (538 reviews)
"Breakfast and after hours check in were excellent features"
United States
Eric
The price is RM530
RM615 total
includes taxes & fees
4 Aug - 5 Aug
Guesthouse Aurora

Alva Hotel Brautarholt

Alva Hotel Brautarholt
3.0 star property
Holt
8.2 out of 10, Very good, (1,007 reviews)
"Everything was great, just didn’t see any staff. Very nice stay and walking distance from everything."
United States
Eduardo
The price is RM677
RM778 total
includes taxes & fees
5 Aug - 6 Aug
Alva Hotel Brautarholt

Hotel Fron

Hotel Fron
3.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (1,055 reviews)
"Excellent stay, staff were super helpful with our early check in."
Canada
Nancy
The price is RM879
RM1,002 total
includes taxes & fees
2 Aug - 3 Aug
Hotel Fron

101 Guesthouse Hotel

101 Guesthouse Hotel
2.0 star property
Tún
7.6 out of 10, Good, (539 reviews)
"Nice and inexpensive place to stay🙂"
United States
Jedidiah
The price is RM489
RM568 total
includes taxes & fees
30 Jul - 31 Jul
101 Guesthouse Hotel

Midtown Reykjavik

Midtown Reykjavik
3.0 star property
Downtown Reykjavik
8.2 out of 10, Very good, (459 reviews)
"Location was fantastic."
United States
Rene
The price is RM728
RM834 total
includes taxes & fees
30 Jul - 31 Jul
Midtown Reykjavik

Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,015 reviews)
"Excdllent location, very good food,, amazing staff"
United States
Gustavo Londono
The price is RM1,003
RM1,140 total
includes taxes & fees
3 Aug - 4 Aug
Hotel Von
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

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

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, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and a restaurant. Other good options for your budget-friendly stay include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 14 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, Nautholsvik Geothermal Beach or Oskjuhlid Hill.
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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