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.

C
Cateater
From
Poland
Beautiful place, didn't expect such a high standard. Fast wifi, clean bathrooms, smiling staff and neat and easy to understand rules and email with room passwords etc.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 780 reviews
Price from
$118.48
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...

A
Aline
From
Brazil
The apartment is so cozy and clean, and the team from Lara Studio were very accessible and helpful. It is the perfect place to stay if you plan to be in the city for a few days, the kitchen is well equipped, there is plenty of space for storage and the washing machine is really handy and as the city is relatively small its only a 10/15 min drive to city center. We spend seven days in a road trip in Iceland, we’ve been to five different hotels and guest houses, and Lara is by far the best one we stayed.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 141 reviews
Price from
$234.27
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, 117 reviews
Price from
$397.92
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.

J
Joshua van Moorsel
From
Australia
Clear communication. Clean apartment. Good facilities. Great location. Free parking nearby. We would absolutely stay here again!!
Scored out of 10, guest rating 9.4
Wonderful - What previous guests thought, 131 reviews
Price from
$314.14
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 9.5
Exceptional - What previous guests thought, 174 reviews
Price from
$376.97
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, 119 reviews
Price from
$480.64
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, 246 reviews
Price from
$325.78
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.

A
Anna
From
United States
it was perfect and I wish we were staying here on our way back as well! the host is amazing, location perfect and easily walkable to the city center. brand new unit-will recommended to all our friends!
Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 146 reviews
Price from
$272.26
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.

A
ALEJANDRA
From
Sweden
The place is super well located and the people in charge are very nice!! We felt like home
Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 292 reviews
Price from
$278.08
1 night, 2 adults

Overlooking the city, bright & cozy - Free Parking (A2)

Reykjavík East, Reykjavík

Overlooking the city, bright & cozy - Free Parking (A2) offers accommodations in Reykjavík, 2.2 miles from Solfar Sun Voyager and 2.6 miles from Hallgrímskirkja Church.

L
Leona
From
Ireland
Gorgeous views from the balcony, warm and cozy, great location (with parking), the apartment had everything we needed. There were two of us and I used the sofa bed, which was prepared for my arrival and really comfy. So close to Reykjavik centre and a perfect base for exploring further (driving the golden circle etc.) Will definitely try to book this apartment on my next trip to Reykjavik.
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 148 reviews
Price from
$172.78
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 8.9
    Excellent - What previous guests thought, 804 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 2,954 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,515 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 2,608 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,786 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,758 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 5,055 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,607 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 6,911 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,465 reviews

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

  • Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 295 reviews

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

  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 34 reviews

    Vibrant Hafnatorg I Spacious Property with Expansive Garage features rooms with free Wifi in the center of Reykjavík. Guests staying at this apartment have access to a balcony.

  • Scored out of 10, guest rating 9.7
    Exceptional - What previous guests thought, 12 reviews

    The recently renovated Luxury Villa in Downtown Reykjavik offers accommodations with a garden and a terrace in the heart of Reykjavík.

  • Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 15 reviews

    Reykjavík Rainbow Guesthouse features rooms with free Wifi in the center of Reykjavík.

  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,693 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.

  • 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.

  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 2,793 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.

  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 282 reviews

    Odinn Reykjavik Skolavordustigur Apartments provides rooms in Reykjavík near Reykjavik Art Museum: Kjarvalsstadir and Laugavegur Shopping Street.

Enjoy breakfast in Reykjavík and nearby

  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,870 reviews

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

  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 3,219 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.

  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 1,287 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.

  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 2,521 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.

  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 804 reviews

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

  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 2,150 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.

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,267 reviews

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

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 446 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.

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, 1,211 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.

  • 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.

  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 537 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.

  • 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.

  • Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 2,524 reviews

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

  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 10 reviews

    Main street apt, The best location offers accommodations in Reykjavík, 1.6 miles from The Pearl and 30 miles from Blue Lagoon. Guests staying at this apartment have access to free Wifi and a balcony.

  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 1,730 reviews

    Located in Reykjavik’s old city center, this family-run property is across the street from Hallgrim’s Church. It offers a communal kitchen, as well as modern and fresh rooms with wooden furnishings.

  • Scored out of 10, guest rating 8.2
    Very Good - What previous guests thought, 200 reviews

    Iðunn Apartments by Heimaleiga provides accommodations within 0.7 miles of the center of Reykjavík, with free Wifi and a kitchen with a dishwasher, an oven, and a microwave.

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $294.13
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 856 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: $200.12
    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,267 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, 3,465 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

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