The 10 best cheap hotels in Reykjavík, Iceland | Booking.com
Skip to main content

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

Filter by:

Review score

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 Center is 0.6 mi away.

A
Antonio
From
Philippines
Value for money. Clean nice and modern room. Sumptuous & generous breakfast. Few mins drive to the restos downtown. Friendly staff.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 1,353 reviews
Price from
$239.18
1 night, 2 adults

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.

L
Lynda
From
United Kingdom
This is one of the coolest places I’ve stayed in, really chilled out, super snazzy pods, rooftop hot tub, kitchenette with all mod cons to make any meals, free tea and coffee, vending machines, everywhere was super clean and funky. Staff were so helpful and kind if I needed info for transport etc. bathrooms immaculate, i would defo recommend staying here
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 989 reviews
Price from
$120.36
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.

M
Mischa
From
Switzerland
Modern and fresh looking hostel. Great kitchen area with induction plates and space to store your own food. Bunk beds are very comfortable, although I recommend bringing earplugs. Nice area next to the reception to get a drink, to read a book or for a quick work session.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 893 reviews
Price from
$133.18
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...

P
Petar
From
Croatia
Wonderful property and host, left us a welcome present on very short notice.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 158 reviews
Price from
$246.77
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.

W
Wisa
From
Thailand
The apartment was so clean and comfortable. There is a free parking nearby. All facilities are also good.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 127 reviews
Price from
$399.03
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 9.4
Wonderful - What previous guests thought, 135 reviews
Price from
$504.04
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.

N
Nesku
From
Thailand
The cleanliness and the friendly host
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 181 reviews
Price from
$399.03
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
Klaus
From
Mexico
Location and confort was amazing
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 130 reviews
Price from
$481.98
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.

B
Bryndís A Árnadóttir
From
Iceland
I liked the cleanliness and the cozy apartment.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 251 reviews
Price from
$326.69
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 9.2
Wonderful - What previous guests thought, 153 reviews
Price from
$294.02
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

See all
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 2,475 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 4,412 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 3,213 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,420 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,579 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 5,047 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,721 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 4,542 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,767 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.2
    Very Good - What previous guests thought, 6,883 reviews

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 544 reviews

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

    From $281.14 per night
  • Scored out of 10, guest rating 9.0
    Wonderful - What previous guests thought, 470 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 $382.47 per night
  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 830 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 $297.86 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 2,747 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 $266.05 per night
  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,773 reviews

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

    From $287.02 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 $339.66 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 3,213 reviews

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

    From $301.14 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 1,297 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 $252.60 per night

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

  • Scored out of 10, guest rating 8.2
    Very Good - What previous guests thought, 296 reviews

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

    From $303.76 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 16 reviews

    Amazing Design Apartment in Downtown Reykjavik in Reykjavík provides accommodations with free Wifi, a 13-minute walk from Solfar Sun Voyager, 1.9 miles from The Pearl, and 30 miles from Blue Lagoon.

  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,722 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 $248.03 per night
  • Scored out of 10, guest rating 9.3
    Wonderful - What previous guests thought, 603 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 $399.03 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 662 reviews

    Set in Reykjavík city center, these apartments have a full kitchen and a TV with DVD player. Wi-Fi is free. Hallgrímskirkja Church and Laugavegur shopping street are easily accessed.

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 1,172 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 $183.76 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 5 reviews

    Ranargata Apartments by Heimaleiga offers accommodations in Reykjavík, 2.3 miles from The Pearl and 1.2 miles from Laugavegur Shopping Street.

    From $291.86 per night
  • 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.

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, 363 reviews

    Odinn Apartments is located in Reykjavík, 984 feet from Hallgrímskirkja Church and 2297 feet from Harpa Concert Hall & Conference Center.

    From $437.53 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 27 reviews

    Best location Downtown Reykjavik - Bergstaðastræti 33 in Reykjavík offers accommodations with free Wifi, a 13-minute walk from Solfar Sun Voyager, 1.7 miles from The Pearl, and a 12-minute walk from...

  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 354 reviews

    Design apartments in the heart of Reykjavik enjoys a location in Reykjavík, 1.6 miles from The Pearl and 30 miles from Blue Lagoon.

    From $346.52 per night
  • Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 2,475 reviews

    Conveniently located on Laugavegur shopping street central Reykjavik, Hotel Frón offers free Wi-Fi and rooms and apartments with private bathrooms. All apartments include kitchen facilities.

    From $246.18 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,240 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 $146.12 per night
  • Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 2,627 reviews

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

    From $259.02 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 76 reviews

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

  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,599 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 $218.02 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

See all
  • Avg. price/night: $186.80
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 896 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: $138.46
    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,721 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