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.

A
Ashok
From
India
As someone who was traveling alone for the first time, I was anxious to book this hostel since it was new and had very few reviews. But it turned out great. Loved the hostel ambiance, bed, bathrooms were clean, people were respectful to each other, the receptionists were helpful. If you're traveling to Reykjavik via bus or cab, use the landmark as Bus Stop #9 or #13, as the hostel is very close to it. Use the same bus stop for your tours. The famous church is just 5 min walk from the hostel. There's a fast food restaurant right next to the hostel which was great to grab a quick bite to eat.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 808 reviews
Price from
$119.71
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.

M
Mushen
From
China
The facility is new and cozy. There is all the kitchenware available in the room, making it easy to cook if needed. The location is super close to bus stop 9 and 11, making transportation very smooth.
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 494 reviews
Price from
$261.03
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, 144 reviews
Price from
$236.75
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, 120 reviews
Price from
$402.12
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.

C
Charline
From
France
The apartment is in a brand new residence. Everything is modern, clean, and the bed is really comfortable. The host is responsive to messages and seems really nice. The location is ideal to visit Reykjavik.
Scored out of 10, guest rating 9.3
Wonderful - What previous guests thought, 133 reviews
Price from
$507.95
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
Price from
$402.12
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, 121 reviews
Price from
$485.72
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, 247 reviews
Price from
$258.68
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 9.3
Wonderful - What previous guests thought, 149 reviews
Price from
$253.97
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.

T
Tharinee
From
Thailand
It’s very clean and spacious with free parking. Fully equipped for kitchen appliances with Nepresso coffee machine. Host is very nice as I forget some items. Finally they found and keep for me to collect before flying out of Reykjavik😊
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 296 reviews
Price from
$295.24
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, 2,969 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 854 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,593 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,499 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very Good - What previous guests thought, 3,809 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, 4,594 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, 6,890 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very Good - What previous guests thought, 3,536 reviews

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

  • 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.

    From $343.10 per night
  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 15 reviews

    City Lux 2BR & 2BA with Free Parking City Center is located in Reykjavík, just 2.5 miles from The Pearl and 31 miles from Blue Lagoon.

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

    Historic Villa in Downtown Reykjavik is a villa featuring rooms with free Wifi and air conditioning in the center of Reykjavík. With garden views, this accommodation features a patio.

    From $1,839.54 per night
  • 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 $215.27 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,692 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 $282.76 per night
  • Scored out of 10, guest rating 9.2
    Wonderful - What previous guests thought, 585 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 $480.31 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 2,778 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 $260.44 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 $348.04 per night

Enjoy breakfast in Reykjavík and nearby

  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 2,849 reviews

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

    From $326.87 per night
  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 698 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 $258.68 per night
  • Scored out of 10, guest rating 8.6
    Excellent - What previous guests thought, 3,208 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 $385.33 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 1,289 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 $298.07 per night
  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very Good - What previous guests thought, 2,492 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 $246.92 per night
  • Scored out of 10, guest rating 8.9
    Excellent - What previous guests thought, 854 reviews

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

    From $157.91 per night
  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 2,131 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 $370.38 per night
  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,252 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 $175.19 per night

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

  • 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.

  • Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 1,199 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 $238.10 per night
  • 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.

    From $365.56 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.

  • Scored out of 10, guest rating 8.8
    Excellent - What previous guests thought, 533 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 $399.97 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, 2,554 reviews

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

    From $321.82 per night
  • Scored out of 10, guest rating 8.4
    Very Good - What previous guests thought, 1,603 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.

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: $245.39
    Scored out of 10, guest rating 8.7
    Excellent - What previous guests thought, 866 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: $175.19
    Scored out of 10, guest rating 8.0
    Very Good - What previous guests thought, 2,252 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, 3,536 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