Top 10 Cheapest Hotels in Reykjavik from RM579

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Our top choices for Reykjavik cheap hotels

Konvin Hotel by Reykjavik Keflavik Airport

Reykjanesbær

Donald

RM833 total

includes taxes & fees

16 Jun - 17 Jun

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Suðurnesjabær

Jaswinder

RM1,551 total

includes taxes & fees

21 Jun - 22 Jun

Lighthouse Inn

Suðurnesjabær

Kristina

RM812 total

includes taxes & fees

18 Jun - 19 Jun

201 Hotel

Kópavogur

Ada

RM579 total

includes taxes & fees

17 Jun - 18 Jun

Hotel Duus

Reykjanesbær

Emma

RM746 total

includes taxes & fees

30 Jun - 1 Jul

Courtyard by Marriott Reykjavik Keflavik Airport

Reykjanesbær

Tricia

RM1,548 total

includes taxes & fees

1 Jul - 2 Jul

Hotel Vellir

Hafnarfjordur

Kelly

RM766 total

includes taxes & fees

16 Jun - 17 Jun

1 bedroom, in-room safe, desk, cots/infant beds

Fisherman's Village

Garðabær

Emily

RM763 total

includes taxes & fees

16 Jun - 17 Jun

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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

Fosshotel Barón

8/10 Good

"The staff was kind and helpful"

Hotel Reykjavík Grand

6/10 Okay

"The hotel is in a great location, it was a great hotel at some point, which you can tell because of the space and the decorations, but it is in need of renovations. The room is very big. However, it was extremely outdated. The floors are scratched up, the soap dispenser fell off the wall when you attempted to use it in the bathroom. It’s just outdated and old and worn out. This hotel did feel very safe and the restaurant had really great food we do would have preferred some type of hot tub which was closed a couple of years ago. They are doing construction outside so if you want to sleep past 8 AM, bring your earplugs. the location is a nice walk to get to downtown and also to get down by the water. There is a supermarket close by. You can walk there within 10 minutes. The staff was very helpful, the front desk, the restaurant everyone was friendly and answered all questions and was helpful. The sky bus will pick up from this location and tourist pick up from this location as well. Overall, it was a good stay, the condition of the room was just disappointing."

Alda Hotel Reykjavik

10/10 Excellent

"It was excellent hotel and the staff was very helpful and accommodated our requests too. The only drawback was there were no microwave and iron for clothes. I wish they had those things then our stay would be more comfortable as we have dietary restrictions. The location of the hotel was excellent as the bus stop 9 was just 4-5 mins walk. Also, the church and rainbow street was at walking distance. We don’t drive so it make sense to book this hotel in center of Reykjavík."

Alva Hotel Brautarholt

4/10 Poor

"They don't have a reception desk, which is fine, but the access codes for both the front door and the luggage room didn't work. Every time I needed to enter the building, I had to call them and provide my reservation number, name, and length of stay. I contacted them twice by email requesting new codes, but the issue was never resolved. The room was not cleaned during my stay, and the towels were never changed."

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 bar. 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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Check availability on Reykjavik Budget Hotels

Our top choices for Reykjavik cheap hotels

Konvin Hotel by Reykjavik Keflavik Airport