The 10 best cheap hotels in Reykjavík, Iceland | Booking.com
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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 selection of great cheap hotels in Reykjavík

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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

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

C
CHRISTOPHER
From
United States
I particularly appreciated the guest services (Iria and Ren). Very accommodating and clean. The amenities and location were amaIng. I will be back soon!
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 960 reviews
Price from
$119.47
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.

K
Karla
From
Argentina
This was my first time at a hostel, but it was INCREDIBLE. Very new, great decor, the room was huge, but somehow you didn't even feel there was anyone else there. The lobby/bar was beautiful and great to work from. Would definitely stay here again.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 878 reviews
Price from
$132.50
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

Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side offers accommodations in Reykjavík, 2.8 miles from The Pearl and 2.9...

D
Dan
From
Canada
Absolutely wonderful stay! The apartment was not only beautiful and spotless, but it also had everything I needed for a comfortable visit, from kitchen essentials to cozy touches that made it feel like home. The neighborhood was peaceful and quiet. I couldn’t be happier with my experience and would absolutely book again without hesitation!
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 154 reviews
Price from
$244.95
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Iceland SJF Apartments - 201 offers accommodations in Reykjavík, 1.8 miles from Nauthólsvík Geothermal Beach and 29 miles from Blue Lagoon.

A
Anu
From
Australia
A clean and bright, beautiful brand new apartment at the edge of Reykjavik centre. There's a couple of grocery stores nearby. Also some restaurants and souvenir shops within a 5-10mins walk.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 125 reviews
Price from
$396.09
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

Iceland SJF Apartments - 503 is a recently renovated apartment in Reykjavík, near Solfar Sun Voyager. This apartment offers air-conditioned accommodations with a balcony and free Wifi.

C
Charline
From
France
The apartment is in a brand new residence. Everything is modern, clean, and the bed is really comfortable. The host is responsive to messages and seems really nice. The location is ideal to visit Reykjavik.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 134 reviews
Price from
$500.32
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Just a 16-minute walk from Solfar Sun Voyager and 0.8 miles from Hallgrímskirkja Church, Iceland SJF Apartments - 401 features accommodations in Reykjavík with a garden.

J
Jambord
From
Armenia
The apartment is new, spacious, and clean, with all amenities. Location is very convenient, close to the city center, with a beautiful ocean view and close to supermarkets and restaurants. Having free parking near the building was very helpful too.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
$396.09
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Lundur Apartments - Down Town is a recently renovated apartment in the center of Reykjavík, a 5-minute walk from Solfar Sun Voyager and 500 yards from Hallgrímskirkja Church.

K
Kara
From
United States
Excellent location! Clean and comfortable. Would definitely recommend.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 129 reviews
Price from
$478.43
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

Just a 16-minute walk from Solfar Sun Voyager and 0.8 miles from Hallgrímskirkja Church, Center Apartments - Esja features accommodations in Reykjavík, with a terrace.

M
Marco
From
Switzerland
super cool apartment, well located and fully equipped with everything you need. It even had spices, coffee, sugar etc.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 249 reviews
Price from
$324.28
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Just a 16-minute walk from Solfar Sun Voyager and 0.8 miles from Hallgrímskirkja Church, Center apartments - Hekla features accommodations in Reykjavík with a terrace.

T
Taskeen
From
United Arab Emirates
Location and very helpful owner.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 152 reviews
Price from
$291.85
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

B 18-20 Apartments enjoys a location in Reykjavík, 1.8 miles from Nauthólsvík Geothermal Beach and 29 miles from Blue Lagoon.

S
Sorangher
From
United States
Everything, very neat, kitchen well equipped, utensils, coffee, salt, oil, aluminum foil, garbage bags, cleaning supplies, dish soap, body wash, shampoo, extra toilet paper, kitchen towels, body towels, WiFi , Spacious closets with hangers, hair dryer, laundry room downstairs, clothes iron, free parking spots available outside the building, supermarket Bonus around the corner. Very close to downtown, 8 minutes driving. EXCELLENT PLACE TO STAY Highly RECOMMENDED!! Do not hesitate booking your stay here. Very safe, modern and quiet residential area. Willi was always responding right away to any suggestion about your stay in Reykjavik. Also we have clear directions to get into the apartment . Definitely will come back
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 316 reviews
Price from
$290.81
1 night, 2 adults
All cheap hotels in Reykjavík

Looking for a cheap hotel?

For those trying to save, these fun, budget hotels still have lots to offer, from Wifi to convenient locations. Popular with backpackers, many properties are set in central areas and include comfortable rooms with private or shared bathrooms. You’ll also find loads of options that feature 24-hour front desks and luggage storage.

Most booked cheap hotels in Reykjavík and surrounding area in the past month

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  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.2
    Very Good - What previous guests thought, 1,980 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,438 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,588 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 4,424 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 3,836 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 5,063 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,680 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 4,571 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 6,897 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,774 reviews

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

  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 472 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 center.

    From $311.21 per night
  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 819 reviews

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

    From $334.86 per night
  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 292 reviews

    Day Dream Historical Grjótagata 4 features rooms with free Wifi in the center of Reykjavík.

    From $325.15 per night
  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 68 reviews

    Private Lux 2BR & 2BA City Center with Free Parking is located in Reykjavík, just 2.1 miles from The Pearl and 30 miles from Blue Lagoon.

  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,711 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 $195.67 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 597 reviews

    These luxury apartments in central Reykjavik are just 1148 feet from Old Reykjavik Harbor. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

    From $396.09 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 2,744 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 $173.14 per night
  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 1,183 reviews

    Offering quiet street views, Day Dream Vesturgata 17 Reykjavik in Reykjavík provides accommodations and a terrace. Featuring mountain and city views, this condo hotel also features free Wifi.

    From $234.53 per night

Enjoy breakfast in Reykjavík and nearby

  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,784 reviews

    This contemporary design hotel is set in Reykjavík's Old Harbor area, 1640 feet from Harpa Concert Hall & Conference Center.

    From $268.69 per night
  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 710 reviews

    ALVA Apartments offers accommodations within 0.6 miles of the center of Reykjavík, with free Wifi and a kitchen with a dishwasher, an oven, and a toaster.

    From $243.21 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 524 reviews

    Located just a 2-minute walk from Laugavegur Shopping Street, Canopy by Hilton Reykjavik City Center in Reykjavík features a number of amenities including a fitness center and a bar.

    From $337.14 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,300 reviews

    Hotel Odinsve is a quarter mile 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 $238 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 2,096 reviews

    Offering city views, Vintage Apartment Hotel is set along Laugavegur Shopping Street in Reykjavík. Hallgrímskirkja Church is 984 feet away. The accommodations has a flat-screen TV.

    From $295.33 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,233 reviews

    Located in the calm Thingholt neighborhood, this family-owned guest house is in Reykjavik is just 1476 feet from the shopping Laugavegur Street.

    From $136.66 per night
  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 491 reviews

    Day Dream L23 Guesthouse features accommodations within half a mile of the center of Reykjavík, with free Wifi and a kitchenette with a microwave, a fridge, and a stovetop.

    From $220.86 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 1,459 reviews

    Located on Laugavegur shopping street in central Reykjavik, this hotel offers rooms with a flat-screen TV and free WiFi access. Hallgrimskirkja Church is a 5-minute walk away.

    From $263.61 per night

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

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 1 review

    Spacious 3Bedroom Apartment on Rainbow Street is located in Reykjavík, just 1.8 miles from The Pearl and 30 miles from Blue Lagoon. This apartment offers accommodations with a patio and free Wifi.

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 15 reviews

    Cultural Gem in the Heart of Central Reykjavík is located in Reykjavík, just 1.9 miles from The Pearl and 30 miles from Blue Lagoon.

  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,242 reviews

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

    From $165.22 per night
  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 65 reviews

    1.8 miles from Nauthólsvík Geothermal Beach in the center of Reykjavík, Downtown Baldursbrá - Two Bedroom Apartment provides accommodations with access to a garden.

  • Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 2,619 reviews

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

    From $250.86 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 351 reviews

    Baldur Apartments features accommodations within half a mile of the center of Reykjavík, with free Wifi and a kitchen with an oven, a microwave, and a fridge.

  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 75 reviews

    Freyjugata Apartments by Heimaleiga features rooms with free Wifi in the center of Reykjavík.

    From $283.69 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,597 reviews

    Set in a building dating back to 1916, this Reykjavík guest house is within 5 minutes’ walk of the popular Laugavegur shopping street. Both WiFi and private, on-site parking are free.

    From $232.24 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $185.42
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 887 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: $136.66
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,233 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 traveler
  • Avg. price/night: $130.70
    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,680 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