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 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.

G
Gilberto Lepe
From
United States
Well equipped with the essentials, clean shared shower, and restrooms. Being able to buy cafeteria items with the bracelet was cool and efficient. Friendly staff and well-located venue.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 954 reviews
Price from
US$119.88
1 night, 2 adults

Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in the centre of Reykjavík, and provides a shared lounge, free WiFi and a bar.

L
Lee
From
Luxembourg
VERY large lockers underneath the bed: my large suitcase, small suitcase, backpack and totebag all fit, it was a dream!! Loved the hooks, light and privacy curtain on the beds – and you can sit upright in your bed compartment, which is great. Clean kitchen. Clean bathrooms that come with soap, desinfecting gel and 2-in-1 shower gel/shampoo. Pretty lounge area. Good location and very quiet hostel.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 877 reviews
Price from
US$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

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...

A
Anneka
From
United Kingdom
Amenities were fantastic - the host was friendly and greeted us as we arrived - she had thought of everything and we loved the Christmas bauble gift and slice of chocolate cake on arrival! The apartment was in a good location for getting to Perlan for New Year's eve and was close to a good bakery and it seemed like a lovely quiet and safe neighbourhood. Parking was easy, plenty of towels, the apartment was warm and we liked the thoughtful additions like bath robes, slippers, vanity kits, combs, "beard shampoo", molton brown handwash, shampoo and conditioner, toothbrushes and toothpaste and a selection of drinks in the fridge and food/condiments in case we wanted to cook etc and we had a lovely hot shower and comfy bed.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 154 reviews
Price from
US$245.78
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.

P
Peter
From
Faroe Islands
A lovely and well equipped clean and tidy apartment with all what you need for a comfortable stay. Free parking also a big plus!!
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 125 reviews
Price from
US$397.44
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.

Y
Yujia
From
China
It was comfortable and decent with enough space for 3 people family. It is a fully equipped apartment with free parking space, especially suitable for drving visitors.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 134 reviews
Price from
US$502.03
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.

A
ALEKSANDRS
From
Latvia
The apartment is perfectly located not far from city center in the direction of starting car trips to main attractions, so it takes less than 10 minutes to get out of the city. There are few good restaurants, bars, a food court, some stores and quick pizza to go within 5 minutes walking. The parking is always available just near the building or on the opposite side of the road. The host arranged early check-in on our request, he provided all the necessary info about the apartment and the equipment, which made our stay convenient from very beginning. The apartment is new, very clean and has all the necessary equipment. Just perfect, thank you.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
US$397.44
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, 129 reviews
Price from
US$480.06
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...

B
Belen
From
Spain
Everything in the appartment was very clean and we had everything me needed. The host was amazing
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 249 reviews
Price from
US$325.39
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Center apartments - Hekla features air-conditioned accommodation with a balcony and free WiFi.

R
Richard
From
United Kingdom
Perfect location, walking distance to the centre, market and excellent restaurant nearby, cosy, clean, perfectly equipped and parking free nearby.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 152 reviews
Price from
US$292.85
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

Offering city views, B 18-20 Apartments is set in the Reykjavík East district of Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager.

Y
Yang
From
France
We got 1bed room and 1 sofa bed for 4 adults. Appartement is well equipped with shared laundry place. 5th floor, great view on sea and mountain. Host Willi is available and flexible for all our questions.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 315 reviews
Price from
US$291.80
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 8.2
    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, 3,440 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, 5,069 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, 4,575 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,901 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 centre. Check these cheap hotels in Reykjavík and nearby

  • Scored out of 10, guest rating 9.1
    Superb - 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 centre.

    From US$313.16 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 819 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.

    From US$336.96 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 292 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.

    From US$326.26 per night
  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 68 reviews

    Set less than 1 km from Solfar Sun Voyager and a 12-minute walk from Hallgrímskirkja Church in the centre of Reykjavík, Private Lux 2BR & 2BA City Center with Free Parking offers accommodation with...

  • 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 US$196.63 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 596 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$397.44 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - 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 US$205.11 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,183 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$235.33 per night

Enjoy breakfast in Reykjavík and nearby

  • Exeter Hotel

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

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

    From US$269.61 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 accommodation within 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a toaster.

    From US$247.53 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 524 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.

    From US$339.26 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,298 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$238.81 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 2,096 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$296.34 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,230 reviews

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

    From US$137.13 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 491 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$221.61 per night
  • Scored out of 10, guest rating 8.7
    Fabulous - 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 US$264.51 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 in Reykjavík offers accommodation with free WiFi, 500 metres from Hallgrímskirkja Church, 2.8 km from The Pearl and 49 km from Blue Lagoon.

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

    Situated 400 metres from Hallgrímskirkja Church and less than 1 km from Solfar Sun Voyager in the centre of Reykjavík, Cultural Gem in the Heart of Central Reykjavík features accommodation with free...

  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,242 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$165.79 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 65 reviews

    Attractively located in Reykjavík, Downtown Baldursbrá - Two Bedroom Apartment features express check-in and check-out and parking on-site.

  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 2,618 reviews

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

    From US$251.71 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 351 reviews

    Baldur Apartments features accommodation within less than 1 km of the centre 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

    In the Reykjavík 101 district of Reykjavík, close to Hallgrímskirkja Church, Freyjugata Apartments by Heimaleiga features a terrace and a washing machine.

    From US$289.36 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 US$233.43 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$186.05
    Scored out of 10, guest rating 8.7
    Fabulous - 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: US$137.13
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,230 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$131.33
    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