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

Reykjavik Budget Hotels from RM333

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Check availability on Reykjavik Budget Hotels

Tonight
26 Oct - 27 Oct
Tomorrow
27 Oct - 28 Oct
This weekend
30 Oct - 1 Nov
Next weekend
6 Nov - 8 Nov

Our top choices for Reykjavik cheap hotels

A storefront with a glass door, potted plants, and a sign for a restaurant.
A hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.
A modern interior with a large window, a potted plant, and leather seating.
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.

1. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
RM656
RM755 total
includes taxes & fees
28 Oct - 29 Oct
Hotel Von
A modern waiting area with a sofa, chairs, a wooden table, and a large window providing a view of the street.
A modern office space with a sofa, chairs, a table, and a large window.
A multi-story building with a yellow facade, white trim, and a central entrance.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.

2. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
RM276
RM333 total
includes taxes & fees
23 Nov - 24 Nov
Old Town Reykjavik
Exterior
Lobby sitting area
Bar (on property)
Bar (on property)

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
RM410
RM482 total
includes taxes & fees
27 Oct - 28 Oct
KEX Hotel and Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A room with bunk beds, a desk, and a large window.
A staircase with a golden handrail, a large ornate mirror, and a painting on the wall.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
RM344
RM409 total
includes taxes & fees
18 Nov - 19 Nov
Hostel B47
A modern bedroom with a black bed, a wooden floor, a fur rug, a bedside table with a vase, and a hanging light fixture.
A modern lounge area with seating arrangements, a wooden table, and a large window with a view of the outside.
A modern kitchen with wooden cabinets, a black sink, and a microwave.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.

5. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
RM323
RM394 total
includes taxes & fees
23 Nov - 24 Nov
Bus Hostel Reykjavik
A two-story house with a snow-covered roof and a white picket fence.
A kitchen with a microwave, stove, and checkered backsplash.
A staircase with white balusters and a white handrail, leading to a door with a brass doorknob.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
RM347
RM412 total
includes taxes & fees
3 Nov - 4 Nov
Refurinn Reykjavik Guesthouse - Hostel
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.
A room with a beige sofa, a glass coffee table, a black chair, and a small orange table.

7. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
RM346
RM411 total
includes taxes & fees
22 Nov - 23 Nov
Hostel Fjordur
A modern hotel room with a large bed, two bedside tables, and a unique wall design with triangular light fixtures.
A modern living room with a dining area, a television mounted on the wall, and a large window providing a view of the outdoors.
A buffet with various food items and beverages.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.

8. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
RM532
RM618 total
includes taxes & fees
1 Nov - 2 Nov
Start Hostel
A modern kitchen with white cabinetry, a dishwasher, and a window providing natural light.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
RM570
RM659 total
includes taxes & fees
27 Oct - 28 Oct
ASTIN ER SVARID HOSTEL
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 Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels

10/10 Excellent
"Lovely hotel by the old harbour. Perfect for our week in Reykjavik with easy access to the golden circle and more"
Daniel 7-night trip
Posted 2 hours ago
Reykjavik Marina - Berjaya Iceland Hotels
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"clean room, good restaurant, easy parking close by"
Kenneth 3-night trip
Posted 9 hours ago
Fosshotel Reykjavik
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"Everything was fabulous"
Laura 4-night trip
Posted 17 hours ago
Miðgarður by Center Hotels
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Great place for three adults , didn’t feel crowded, fantastic location for waking around"
Bridget 3-night trip
Posted 20 hours ago
Reykjavik Residence Apartment Hotel
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Lovely hotel. We arrived on a Saturday and were pleasantly surprised that our room was ready a couple of hours before check-in, which was greatly appreciated after traveling. We stayed in Room 808 (an executive room,) which was clean, comfortable, and appeared to have been refreshed recently. One unique feature was the shared balcony on the 8th floor, where we were lucky enough to see the Northern Lights one evening. Access is through a door outside the guest rooms rather than directly from the room itself, which we actually preferred. Some rooms do have direct balcony access, so if you use the shared space, just be mindful of noise and avoid standing directly in front of other guests' doors. The breakfast was quite good. There was a nice selection of coffee and tea, eggs, bacon, sausage, skyr, fresh fruit, assorted breads, and pastries, which gave us plenty of options before heading out for the day. The only issue we encountered was that a couple of days into our stay I noticed I had been charged the full cost of the room on my credit card even though I had prepaid through Hotels.com. When I mentioned it at the front desk, the staff quickly looked into it and processed a refund right away. Overall, we had a very pleasant stay. The room was clean, the staff was helpful, the breakfast was good, and the early check-in was a wonderful surprise. I'd happily stay here again and would recommend it to others visiting Iceland."
Chelsie 6-night trip
Posted 23 hours ago
Center Hotels Plaza
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"I stayed at the Center Hotel for a week. The staff and services were great, and the Sky Bar and Spa are totally worth trying out. It is very close to the Harpa Center, the ocean and a walkable distance to all the cool spots in the city. I would highly recommend choosing the Center Hotel for your next stay in Iceland."
Haylee 7-night trip
Posted 23 hours ago
Center Hotels Arnarhvoll
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"The staff was very accommodating when I wanted to check in early. My room was ready very quickly and I got upgraded to a tower view room. The building is beautiful, staff is helpful, and the hotel is very conveniently located in the heart of town. My only thing I would warn others about is that there’s currently construction being done, so you’ll hear noises from the construction crew, but it didn’t bother me as I was gone most of the day anyways. Highly recommend to anyone looking for a hotel in Reykjavík!"
Marilyn 1-night trip
Posted 2 days ago
Hotel Reykjavík Grand

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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