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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.

K
Katherine
From
Canada
Staff were amazing, so attentive and friendly. Super clean, awesome location and great facilities!
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,111 reviews
Price from
US$114.69
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.

M
Marco paolo
From
Malta
Everything. Very friendly helpful staff. Perfectly kept and clean hotel. Superb bfast. Very comfy parking
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 1,380 reviews
Price from
US$237.91
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.

C
Claudio
From
Portugal
The hostel feels more like a hotel, the interior design is really superior, the common spaces as well as the bedrooms. The beds are super comfortable, and the blinds block the lights in an excellent way, which is a must if you travel during summer, and to have a restoring sleep. The location is also perfect, the staff is very very kind and ready to help.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 958 reviews
Price from
US$101.36
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$245.46
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.

W
William
From
United Arab Emirates
The owner was very clear about the arrival, conditions and services of the apartment. Everything was as stated.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 132 reviews
Price from
US$292.46
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.

M
MartinNi1
From
Bulgaria
A nice modern apartment not far from the city centre. We had a great stay and didn't miss anything in the apt. Check in/out couldn't be easier which we really appreciated. We had no problems with parking around the building during our stay.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 100 reviews
Price from
US$673.12
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.

A
Alison
From
United Kingdom
Lovely, well equipped, comfortable, modern apartment in good location easily walkable to central Reykjavik and main attractions. Easy to access the apartment with instructions from the host, who responded very promptly to our questions and we were able to access the apartment by lunchtime on arrival day which was really helpful. Nice balcony which gets the sun - we were able to sit outside in mid September. Free parking on the street outside.
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 140 reviews
Price from
US$240.23
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.

D
Dewi
From
United Kingdom
The apartment was very clean, spacious and had been decorated to a high standard. The bed was very big and comfortable. The instructions to get into the property was straightforward. Would definitely stay again.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 184 reviews
Price from
US$313.35
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.

K
Kongjing
From
Belgium
The apartment is very clean and very comfortable. The kitchen is well equipped with quality utensils.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 134 reviews
Price from
US$479.42
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

2.8 km from Nauthólsvík Geothermal Beach, Center Apartments - Esja is situated in Reykjavík and features air-conditioned rooms with free WiFi. Guests staying at this apartment have access to a...

D
Daniels
From
Abkhazia
The horst was very friendly and accommodating. His quick response to our booking was brilliant and everything was easy to access.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 253 reviews
Price from
US$324.95
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 8.9
Fabulous - What previous guests thought, 2,762 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 2,718 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 5,013 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,212 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,872 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 3,359 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,420 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,809 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,460 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 6,827 reviews

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

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,718 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.

From US$211.14 per night
Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 2,762 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$152.61 per night
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 1,139 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.

From US$191.49 per night
Scored out of 10, guest rating 10
Exceptional - What previous guests thought, 1 review

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

From US$439.85 per night
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 2,596 reviews

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

From US$204.26 per night
Scored out of 10, guest rating 8.3
Very good - What previous guests thought, 1,311 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$215.28 per night
Scored out of 10, guest rating 7.9
Good - What previous guests thought, 1,237 reviews

Just off the Laugavegur shopping street, Grettir Guesthouse Downtown Charm features self-service check-in. This property is a 5-minute walk from Hallgrimskirkja Church. Free WiFi is available.

From US$121.28 per night
Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 2,718 reviews

All units at The Swan House by Heimaleiga feature a flat-screen TV, wooden floors and minimalist-style decor.

From US$234.61 per night

Enjoy breakfast in Reykjavík and nearby

Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,999 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$266.93 per night
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 554 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.

From US$197.29 per night
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 910 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$195.84 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 960 reviews

Located only 350 metres from restaurant and shopping along Laugavegur shopping street, this offers stylish rooms in central Reykjavik.

From US$261.59 per night

Hotel Klettur

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 1,229 reviews

Hotel Klettur is 500 metres to the main shopping area of Laugavegur street. It offers modern guest rooms with free WiFi and a flat-screen satellite TV.

From US$189.17 per night

Alba Guesthouse

Reykjavík
Breakfast options
Scored out of 10, guest rating 7.9
Good - What previous guests thought, 1,487 reviews

This guest house offers free Wi-Fi and parking, plus a communal lounge and terrace. Reykjavík Domestic Airport and BSÍ Bus Terminal are within 3 minutes’ drive.

From US$125.34 per night

B18 Apartments

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 922 reviews

Offering sea views, B18 Apartments is an accommodation located in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.2 km from Hallgrímskirkja Church.

From US$185.80 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 1,125 reviews

A recently renovated property, Frost Apartments by Heimaleiga is situated in Reykjavík near Solfar Sun Voyager, Hallgrímskirkja Church and The Pearl.

From US$209.54 per night

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

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 186 reviews

Iðunn Apartments by Heimaleiga provides accommodation within 1.1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a microwave.

From US$371.14 per night
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 328 reviews

Alfred's Studio Apartments offers self-catering accommodation just 100 metres from Reykjavík's main shopping street, Laugavegur. WiFi access is free.

From US$209.13 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 33 reviews

Offering city views, Framnesvegur - Two Bedroom Central Apartment is an accommodation situated in Reykjavík, 1.9 km from Hallgrímskirkja Church and 3.9 km from The Pearl.

Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 665 reviews

In a central area of Reykjavík, Backyard Apartments by Heimaleiga provides rooms with free WiFi. There is a private entrance at the apartment for the convenience of those who stay.

From US$229.44 per night
Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 840 reviews

Set in the centre of Reykjavík, Svala Apartments by Heimaleiga offers rooms with free WiFi. There is a private entrance at the apartment for the convenience of those who stay.

From US$220.04 per night
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,460 reviews

Set just 250 meters from Laugarvegur shopping street, this central Reykjavik hostel offers guest rooms and dormitory rooms with free Wi-Fi access. Harpa Concert Hall is 1 km away.

From US$113.73 per night

Baron's Hostel

Reykjavík
Central location
Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 3,798 reviews

Baron's Hostel is well set in Reykjavík, and features a garden, free WiFi and a shared lounge.

From US$137.29 per night
Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 76 reviews

Baron Downtown Apartments offers accommodation within 1.1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a microwave.

From US$260.54 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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Avg. price/night: US$185.80
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 922 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
Avg. price/night: US$109.15
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
Avg. price/night: US$112.99
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,872 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