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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 pick of great cheap hotels in Reykjavík

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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

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

N
Natalia
From
Moldova
24-hour desk is great to have; the host was so helpful in getting us checked in and showing where's what. Being tired and sleep-deprived after a long travel, and arriving in the middle of the night, it sure was welcome. All the facilities are clean and well planned out. The bed is very comfortable. The whole place is very clean and feels very safe. I would definitely recommend for a solo female traveler.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,147 reviews
Price from
US$114.98
1 night, 2 adults

Hotel Lotus

Hotel in Reykjavík East, Reykjavík

Set an 8-minute drive from central Reykjavik, this hotel offers free parking and brightly decorated rooms with a flat-screen TV and free Wi-Fi access. Kringlan Shopping Centre is 1 km away.

Ж
Жельо
From
Bulgaria
Smooth self check-in experience. The room was very small but clean and fancy. The room was equiped with its own bathroom and toilet. The bathroom and the toilet were very clean and had enough space.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,379 reviews
Price from
US$240.64
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.

J
Jeso
From
France
Great place, great value. Staff was nice. Place is pretty new so all the amenities are top notch quality. The were some large lockers beneath the bed that can fit 2 suitcases, it was so useful, loved that. Best hostel I did in Iceland !
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 975 reviews
Price from
US$97.99
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

Situated in Reykjavík and only 4.5 km from The Pearl, Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side features...

M
Marta
From
Poland
Lara Studio was an absolutely charming place — totally my style. The room was beautifully decorated, and the bedding was so comfortable I honestly wished I could pack it in my suitcase and take it home! We were welcomed with a cake from the best bakery in Reykjavík, and there was even a note written in Polish, prepared especially for us. The owner recommended what to see and what to avoid, and also explained a few things that might be surprising for visitors — like the smell of the water, which Icelanders don’t even notice, but for us at first smelled like rotten eggs. She also shared the names of stores where we could buy groceries at reasonable prices, and recommended her favorite restaurant. I was truly impressed. And waking up to that stunning blue sky — I couldn’t have asked for anything more. If I ever go back to Iceland, I’ll definitely stay at Lara Studio again. It was absolutely wonderful, and the owner was incredibly sweet.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 167 reviews
Price from
US$248.27
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.3 km from Solfar Sun Voyager, Iceland SJF Apartments - 201 offers air-conditioned accommodation with a balcony and free WiFi.

M
Maciuca Daniel
From
Romania
All perfect, new appartement very beautiful. End perfect location close to centre,
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 133 reviews
Price from
US$290.53
1 night, 2 adults

Iceland SJF Apartments - 301

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 301 offers air-conditioned accommodation with a balcony and free WiFi.

D
Denisa
From
Czech Republic
Location and facilities were great and it was pleasant to stay there.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 100 reviews
Price from
US$258.25
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

A recently renovated apartment set in the Reykjavík East district of Reykjavík, Iceland SJF Apartments - 503 offers accommodation with with a garden, parking on-site and free WiFi.

I
Inge
From
Netherlands
We want to thank you for a very lovely stay in Reijkjavik. We really enjoyed the appartment. We think it is one of the best places we have ever stayed! The communication was fantastic and everything was clean and well equiped. Location was also perfect.Thank you so much and hopefully we can come back another time. 10 out of 10!!!
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 142 reviews
Price from
US$232.42
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 401 features air-conditioned accommodation with a balcony and free WiFi.

E
Emily H
From
Switzerland
1. It was super clean! 2. Owner was very responsive on Booking.com and the instruments on how to enter the building and apartment was well explained 3. Comfy mattresses: I was not well on the first night so was very grateful for a good night’s rest 4. Newly renovated/ built 5. Parking is right by the building entrance! 6. Well-equipped kitchen with quality tea (Pukka) and a Nespresso machine 7. 5 minutes walk to Reykjavik Kitchen 8. 7 minutes walk to the Storm Hotel where we were picked up for the Northern Lights tour
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 186 reviews
Price from
US$306.37
1 night, 2 adults

Panoramic Studio Apartment with stunning view - Free Parking

Reykjavík East, Reykjavík

Offering mountain views, Panoramic Studio Apartment with stunning view - Free Parking is an accommodation situated in Reykjavík, 4.4 km from Hallgrímskirkja Church and 4.5 km from The Pearl.

C
Carsten
From
Spain
Excellent location and stunning views. The apartment had all we needed and parking was easy. Close to shops and busstop right outside the front door.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 129 reviews
Price from
US$158.47
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Ideally set right in the centre of Reykjavík, Lundur Apartments - Down Town is a recently renovated apartment, featuring free WiFi and private parking.

C
Chin Yin
From
Malaysia
Beautiful apartment with full facilities. Definitely recommending to others
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 136 reviews
Price from
US$484.92
1 night, 2 adults
All cheap hotels in Reykjavík

Looking for a cheap hotel?

For those on a budget, these cheap and cheerful hotels still have a lot to offer, with most offering WiFi and convenient locations. Popular with backpackers, many properties can be found in central locations and include comfortable rooms with private or shared bathrooms. You’ll also find a number of options which feature a 24-hour front desk and luggage storage.

Most booked cheap hotels in Reykjavík and surroundings in the past month

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Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 2,743 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,907 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,438 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,995 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,216 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 3,341 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,434 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 1,888 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,805 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 6,849 reviews

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

Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 578 reviews

Iceland Parliament Hotel, Curio Collection By Hilton features a fitness centre, shared lounge, a restaurant and bar in Reykjavík.

From US$942.70 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 444 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 centre.

Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 912 reviews

Hotel Reykjavík Saga features a fitness centre, garden, a terrace and restaurant in Reykjavík. With free WiFi, this 4-star hotel offers room service and a 24-hour front desk.

Scored out of 10, guest rating 8.3
Very good - What previous guests thought, 301 reviews

Located in the centre of Reykjavík, Day Dream Historical Grjótagata 4 provides rooms with free WiFi. The property has garden and city views, and is 1.2 km from Hallgrímskirkja Church.

Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 1,475 reviews

Set within 700 metres of Hallgrímskirkja Church and 3.3 km of The Pearl in Reykjavík, Thingholt Hotel Apartments from Center Hotels offers accommodation with seating area.

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 23 reviews

Reykjavík Rainbow Guesthouse, a property with a terrace, is located in Reykjavík, 3.3 km from The Pearl, 700 metres from Harpa Concert Hall & Conference Centre, as well as less than 1 km from...

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,348 reviews

This stylish and original hotel is just a 2-minute walk from Reykjavik’s main shopping street, Laugavegur. It offers free WiFi and rooms with a satellite TV and a tea/coffee maker.

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,723 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.

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

Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 604 reviews

These luxury apartments in central Reykjavik are just 350 metres from Old Reykjavik Harbour. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

From US$1,483.16 per night
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 775 reviews

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

Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 2,779 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 US$587.51 per night
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 260 reviews

Located within 700 metres of Hallgrímskirkja Church and less than 1 km of Solfar Sun Voyager in the centre of Reykjavík, Odinn Reykjavik Skolavordustigur Apartments provides accommodation with free...

Scored out of 10, guest rating 9.8
Exceptional - What previous guests thought, 6 reviews

In the Reykjavík 101 district of Reykjavík, close to Hallgrímskirkja Church, Vesturgata One Bedroom Apartment Near Harbour by Heimaleiga features free WiFi and a washing machine.

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 1,135 reviews

Set within 1.4 km of Hallgrímskirkja Church and 1.3 km of Solfar Sun Voyager in Reykjavík, Day Dream Vesturgata 17 Reykjavik offers accommodation with seating area.

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 2 reviews

Ranargata Three Bedrooms Apartments by Heimaleiga has a patio and is set in Reykjavík, within just 1.4 km of Solfar Sun Voyager and 400 metres of Reykjavik Old Harbour.

Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 2,540 reviews

This contemporary design hotel is set in Reykjavík's Old Harbour area, 500 metres from Harpa Concert Hall & Conference Centre.

From US$898 per night

Enjoy breakfast in Reykjavík and nearby

Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 505 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.

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,216 reviews

Set in the popular 101 harbour district of Berjaya Reykjavik Marina Hotel offers free Wi-Fi access. All rooms include a flat-screen TV and either city or harbor views.

Hotel Ódinsvé

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,306 reviews

Hotel Odinsve is 400 metres 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 US$610.99 per night
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,970 reviews

Offering city views, Vintage Apartment Hotel is set along Laugavegur Shopping Street in Reykjavík. Hallgrímskirkja Church is 300 metres away. The accommodation has a flat-screen TV.

From US$939.08 per night
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 2,209 reviews

Located in the calm Thingholt neighbourhood, this family-owned guest house is in Reykjavik is just 450 metres from the shopping Laugavegur Street.

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 567 reviews

Day Dream L23 Guesthouse features accommodation within 800 metres of the centre of Reykjavík, with free WiFi, and a kitchenette with a microwave, a fridge and a stovetop.

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 1,590 reviews

Situated in Reykjavik’s old city centre, this family-run property is across the street from Hallgrim’s Church. It offers a communal kitchen, as well as modern and fresh rooms with wooden furnishings.

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 912 reviews

Situated in Reykjavík, 2.6 km from Nauthólsvík Geothermal Beach and 300 metres from the centre, Day Dream Soleyjargata Rooms & Apartments features air-conditioned accommodation with free WiFi, and a...

From US$649.29 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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Avg. price/night: US$402.40
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 927 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
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 2,209 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 traveller
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,907 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