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.

K
Karla
From
Argentina
This was my first time at a hostel, but it was INCREDIBLE. Very new, great decor, the room was huge, but somehow you didn't even feel there was anyone else there. The lobby/bar was beautiful and great to work from. Would definitely stay here again.
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...

S
Sean
From
United States
The apartment was well stocked and comfortable. We only stayed one night as a last minute necessity but having stayed that one night we would book this place for our full stay next time. We stayed in the center which was more convenient but after all is said and done this place was a much better deal in a quiet area away from all the other tourists. Highly recommended for a solo person or couple traveling. 10/10.
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.

L
Linda
From
United States
The property was very clean and comfortable.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 119 reviews
Location 9.1
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.

J
Jambord
From
Armenia
The apartment is new, spacious, and clean, with all amenities. Location is very convenient, close to the city center, with a beautiful ocean view and close to supermarkets and restaurants. Having free parking near the building was very helpful too.
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.

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, 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 9.9
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, 2,967 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, 5,055 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, 3,763 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 6,892 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,527 reviews

Enjoy breakfast in Reykjavík and nearby

  • 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
  • Exeter Hotel

    Reykjavík
    Breakfast options
    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, 3,215 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
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 1,290 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
  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 2,501 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 $204.07 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 835 reviews

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

    From $177.21 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 2,143 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
  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,257 reviews

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

    From $175.92 per night

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

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

    Cozy Lux 2BR & 2BA City Center with Free Parking is located in Reykjavík, just 2.1 miles from The Pearl and 30 miles from Blue Lagoon.

  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 35 reviews

    Unbeatable Central Location - Reykjavíks Most Exclusive Luxury Apartments 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 8.4
    Very Good - What previous guests thought, 17 reviews

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

    From $214.72 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 9.2
    Wonderful - What previous guests thought, 588 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 $479.09 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 279 reviews

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

    From $347.15 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 632 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 9.8
    Exceptional - What previous guests thought, 5 reviews

    Vesturgata - One Bedroom Apartment Near Harbour offers accommodations in Reykjavík, 2.3 miles from The Pearl and 31 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, 1,201 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
  • Scored out of 10, guest rating 9.1
    Wonderful - What previous guests thought, 339 reviews

    Next Apartment Bergstadastræti offers modern, self-catering accommodations 656 feet from Laugavegur shopping street, in central Reykjavík. WiFi is free.

    From $245.12 per night
  • 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 $400.08 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 7.8
    Good - What previous guests thought, 93 reviews

    1.8 miles from Nauthólsvík Geothermal Beach in the center of Reykjavík, Downtown Reykjavík Baldursbrá Holiday Home offers accommodations with access to a garden.

  • Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 2,548 reviews

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

    From $379.74 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 8.0
    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

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $256.37
    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, 3,527 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