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.

X
XIANGCHENG
From
China
I was lucky to stay in this hostel which just opened two weeks ago. Everything is new. The room is very private and comfortable. What surprised me was that the room was very quiet all day long without any noise. The lobby is also very comfortable and cozy. There are many toilets and there is plenty of time and hot water for showering. The kitchen is not only clean but also equipped with all the kitchen utensils. I am also very grateful to a Chilean employee who is very enthusiastic and cheerful and helped us a lot.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 800 reviews
Location 9.5
Price from
$119.38
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, 142 reviews
Location 9.2
Price from
$236.14
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, 118 reviews
Location 9.2
Price from
$401.10
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.

L
Leftoversagain
From
United States
The bed and the apartment was a good sized space for 2 people and the view was decent. It did feel like we were in an industrial section of town but there was a hotel next door that had great food and service at the restaurant. I believe it was called Eyja.
Scored out of 10, guest rating 9.4
Wonderful - What previous guests thought, 132 reviews
Location 9.2
Price from
$506.65
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, 175 reviews
Location 9.2
Price from
$401.10
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
$484.48
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, 247 reviews
Location 8.8
Price from
$328.38
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.

V
Vanessa
From
Italy
Nice and close to downtown, and the apartment is modern, new and spacious enough for a short stay.
Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 147 reviews
Location 9.1
Price from
$274.44
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, 295 reviews
Location 9.1
Price from
$294.49
1 night, 2 adults

Beautiful flat in downtown Reykjavík with a veiw

Reykjavík East, Reykjavík

Beautiful flat in downtown Reykjavík with a veiw offers accommodations in Reykjavík, 29 miles from Blue Lagoon and a 2-minute walk from Laugavegur Shopping Street.

A
An, Yu Kun
From
Taiwan
Clean, comfortable and good location.
Scored out of 10, guest rating 9.8
Exceptional - What previous guests thought, 148 reviews
Location 9.8
Price from
$242.24
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 8.6
    Excellent - What previous guests thought, 2,963 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 835 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 2,596 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,506 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,804 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 5,057 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,593 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, 6,901 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,517 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, 294 reviews

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

    From $349.20 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 $345.27 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 $317.83 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 $237.49 per night
  • Exeter Hotel

    Reykjavík
    Central location
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,856 reviews

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

    From $326.04 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 $345.98 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 $666.15 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 $400.35 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 $384.35 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 $330.14 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,241 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 $191.58 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 835 reviews

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

    From $177.21 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 $351.08 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 $387.02 per night

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 455 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 $242.65 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 1,479 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 $321.37 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 $216.97 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 1,035 reviews

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

    From $190.78 per night
  • B18 Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 862 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 $244.76 per night
  • Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 912 reviews

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

    From $314.66 per night
  • Hotel Aska

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 1,627 reviews

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

    From $321.11 per night
  • Hotel Lotus

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 1,320 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 $260.36 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $244.76
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 862 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: $175.92
    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,257 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, 3,517 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