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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Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in Reykjavík, and features a shared lounge, free WiFi and a bar.

T
Tatjana
From
Serbia
My first time staying in a hostel and I couldn’t have picked a better one. Clean, very comfortable bed, privacy curtain that blocks all the light in the morning, bathrooms clean and very well designed. Highlight was by far, hear me out, THE COFFEE! Manager makes a mean cup of espresso! He is also very nice and approachable! Overall a great stay.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 797 reviews
Location 9.5
Price from
$119.40
1 night, 2 adults

Hlemmur Suites

Reykjavík East, Reykjavík

Hlemmur Suites enjoys a location in Reykjavík, 1.8 miles from Nauthólsvík Geothermal Beach and a 2-minute walk from Laugavegur Shopping Street.

C
CHIA YIN
From
Taiwan
The location is very convenient, and there are utensils to use which was a big plus for us.
Scored out of 10, guest rating 8.9
Excellent - What previous guests thought, 480 reviews
Location 9.5
Price from
$260.35
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, 141 reviews
Location 9.2
Price from
$236.13
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, 118 reviews
Location 9.2
Price from
$401.08
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.

D
Daniel
From
Finland
The apartment was spacious. Very clean and cozy. It was easy to find. Free parking at the site was a great bonus. Central location was good. The renter answered all my questions and was really helpful. I highly recommend this apartment. Would definitely choose this again. Absolutely nothing negative.
Scored out of 10, guest rating 9.4
Wonderful - What previous guests thought, 132 reviews
Location 9.2
Price from
$506.63
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.

A
Azenith
From
Philippines
Well equiped, spacious and clean apartment. Laundry room is available to wash and dry clothes. Huge TV in the living room. Coffee machine with pods. The instructions given for check in is clear.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 175 reviews
Location 9.2
Price from
$401.08
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 9.1
Wonderful - What previous guests thought, 121 reviews
Location 9.7
Price from
$484.46
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.

H
Haŋŋah
From
United States
Thorgeir was extremely communicative before our check-in, and answered all questions promptly. The apartment was very clean and inviting. Highly recommend as an alternative to a hotel for visiting the area.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 247 reviews
Location 8.8
Price from
$328.37
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, 147 reviews
Location 9.1
Price from
$274.42
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 9.2
Wonderful - What previous guests thought, 294 reviews
Location 9.1
Price from
$294.48
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 8.9
    Excellent - What previous guests thought, 829 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 2,963 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,501 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 2,599 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,801 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,766 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 5,056 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,597 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 6,905 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,509 reviews

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, 293 reviews

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

    From $349.19 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,690 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 $251.68 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 796 reviews

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

    From $345.26 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 2,790 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 $317.82 per night
  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 1,205 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 $237.48 per night
  • Exeter Hotel

    Reykjavík
    Central location
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,862 reviews

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

    From $326.02 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 694 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 $357.69 per night
  • 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.

    From $617.04 per night

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

  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 536 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 $385.52 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 3,217 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 $384.33 per night
  • Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 1,291 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 $312.54 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 $191.57 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 829 reviews

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

    From $177.20 per night
  • Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 2,544 reviews

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

    From $352.65 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,601 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.

  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 2,147 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 $387.01 per night

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 452 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 $248.97 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 1,484 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 $321.36 per night
  • Hotel Vera

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.2
    Very Good - What previous guests thought, 1,338 reviews

    Ideally located in the Miðborg district of Reykjavík, Hotel Vera is located a 7-minute walk from Solfar Sun Voyager, 600 yards from Hallgrímskirkja Church and 1.6 miles from The Pearl.

    From $221.65 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 1,038 reviews

    Located only 1148 feet from restaurant and shopping along Laugavegur shopping street, this offers stylish rooms in central Reykjavik.

    From $190.77 per night
  • B18 Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 861 reviews

    B18 Apartments provides rooms in Reykjavík near Laugavegur Shopping Street and Reykjavik Art Museum: Kjarvalsstadir. Both free Wifi and parking on-site are available at the apartment free of charge.

    From $256.36 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 911 reviews

    Frost Apartments by Heimaleiga is a recently renovated apartment in Reykjavík near Solfar Sun Voyager.

    From $323.68 per night
  • Hotel Aska

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 1,621 reviews

    Located in the Reykjavik East district in Reykjavík, Hotel Aska offers 3-star rooms with free WiFi.

    From $309.49 per night
  • Hotel Lotus

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 1,321 reviews

    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.

    From $260.35 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $256.36
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 861 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: $175.91
    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,259 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
  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,509 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
gogless