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 pick of great cheap hotels in Reykjavík

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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

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

E
Elena
From
Spain
Everything’s is perfect! You need to know where you are going to, is a hostel, shared bathrooms and only a bed. Not much space for moving around in the hub. But if you are aware of this, you have to know this place is excellent! Bed is super comfortable and big! Extremely clean and nice sheets. Bathrooms are big, clean, spacious, there is never waiting for a shower. Everything is very modern. The staff is extremely friendly. The lobby is also great! There a self service bar where you can even bring your own food and drinks and eat there. I would definitely return!
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 942 reviews
Price from
US$127.22
1 night, 2 adults

Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in the centre of Reykjavík, and provides a shared lounge, free WiFi and a bar.

R
Richard Scott
From
Iceland
This is probably the best hostel in Iceland. Amazing friendly staff, clean, cosy, and comfortable. They truly elevate the quality and standards, and the slight higher price is totally justified. The vibes, the location, the extra privacy provided in the pods, the comfort of the matresses, free towel, free big lockers, complimentary body wash, and shampoo. Great experience.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 872 reviews
Price from
US$120.54
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

Situated in Reykjavík and only 4.5 km from The Pearl, Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side features...

S
Shugo
From
United States
Kind and supreme hospitality. Nothing was too much trouble thanks to the advance contact and detailed directions. We stayed elsewhere during our stay in Iceland, but we should have stayed here forever. Would love to come back.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 150 reviews
Price from
US$248.31
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.3 km from Solfar Sun Voyager, Iceland SJF Apartments - 201 offers air-conditioned accommodation with a balcony and free WiFi.

V
Vilana
From
Lithuania
Everything worked very well. The host was very friendly and took into consideration our request to check-in earlier. This was very nice. The apartment was very clean, nicely furnished, very warm in the cold and windy Reykjavík in October. The location is good - close to the bus station, close to the center. The grocery shop was nearby and some good and nice restaurants as well. Highly recommended.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 125 reviews
Price from
US$401.53
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

A recently renovated apartment set in the Reykjavík East district of Reykjavík, Iceland SJF Apartments - 503 offers accommodation with with a garden, parking on-site and free WiFi.

f
farah
From
Italy
The flat was super comfy and everything smelled new and luxurious. The kitchen is fully equipped, really everything was there to make us feel at home, despite our 2 days short stay. The flat was easy to access, the view to the ocean was nice, and the light was bright. We were lucky enough to have a sunny day, which allowed us to enjoy lunch on the Terrasse. The bed had a fantastic mattress and cushions. The location holds easy parking just under the building, with a short walk to the city centre. Highly recommended.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 133 reviews
Price from
US$507.19
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 401 features air-conditioned accommodation with a balcony and free WiFi.

J
Joana
From
Portugal
Very confortable and cozy apartment, with everything we needed for a nice stay in Reykjavik. Two nice and confortable bedroom and nicely equipped kitchen. Free and nice parking outside in front of the building. We totally recomend this place!
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
US$401.53
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Ideally set right in the centre of Reykjavík, Lundur Apartments - Down Town is a recently renovated apartment, featuring free WiFi and private parking.

C
Chin Yin
From
Malaysia
Beautiful apartment with full facilities. Definitely recommending to others
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 126 reviews
Price from
US$485
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

2.8 km from Nauthólsvík Geothermal Beach, Center Apartments - Esja is situated in Reykjavík and features air-conditioned rooms with free WiFi. Guests staying at this apartment have access to a...

D
Dreadnought
From
United States
Full grocery store only a quick 3 minute walk away
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 250 reviews
Price from
US$328.73
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Center apartments - Hekla features air-conditioned accommodation with a balcony and free WiFi.

R
Richard
From
United Kingdom
Perfect location, walking distance to the centre, market and excellent restaurant nearby, cosy, clean, perfectly equipped and parking free nearby.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 152 reviews
Price from
US$295.86
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

Offering city views, B 18-20 Apartments is set in the Reykjavík East district of Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager.

E
Edward
From
Ireland
Great location. Short walk into middle of city. Quiet location and a nice bar and restaurant across from building.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 313 reviews
Price from
US$294.80
1 night, 2 adults
All cheap hotels in Reykjavík

Looking for a cheap hotel?

For those on a budget, these cheap and cheerful hotels still have a lot to offer, with most offering WiFi and convenient locations. Popular with backpackers, many properties can be found in central locations and include comfortable rooms with private or shared bathrooms. You’ll also find a number of options which feature a 24-hour front desk and luggage storage.

Most booked cheap hotels in Reykjavík and surroundings in the past month

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  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.2
    Very good - What previous guests thought, 1,975 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,458 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,581 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,443 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 3,829 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 5,067 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,658 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,570 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,903 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,769 reviews

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 538 reviews

    Iceland Parliament Hotel, Curio Collection By Hilton features a fitness centre, shared lounge, a restaurant and bar in Reykjavík.

    From US$324.97 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 473 reviews

    This hotel is located about 5 minutes' walk from Harpa Concert Hall. Reykjavik Konsulat Hotel, Curio Collection By Hilton in Reykjavík features a bath house and complimentary fitness centre.

    From US$315.07 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 815 reviews

    Hotel Reykjavík Saga features a fitness centre, garden, a terrace and restaurant in Reykjavík. With free WiFi, this 4-star hotel offers room service and a 24-hour front desk.

    From US$423.35 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,750 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 US$196.65 per night
  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,788 reviews

    This contemporary design hotel is set in Reykjavík's Old Harbour area, 500 metres from Harpa Concert Hall & Conference Centre.

    From US$272.38 per night
  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 708 reviews

    ALVA Apartments offers accommodation within 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a toaster.

    From US$243.03 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 527 reviews

    Located just a 2-minute walk from Laugavegur Shopping Street, Canopy by Hilton Reykjavik City Centre in Reykjavík boasts a number of amenities including a fitness centre and a bar.

    From US$332.05 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 3,211 reviews

    Set in the popular 101 harbour 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 US$278.90 per night

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, 290 reviews

    Located in the centre of Reykjavík, Day Dream Historical Grjótagata 4 provides rooms with free WiFi. The property has garden and city views, and is 1.2 km from Hallgrímskirkja Church.

    From US$331.61 per night
  • Scored out of 10, guest rating 9.3
    Superb - What previous guests thought, 38 reviews

    In the centre of Reykjavík, Unbeatable Central Location - Reykjavíks Most Exclusive Luxury Apartments provides rooms with free WiFi.

  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 19 reviews

    Reykjavík Rainbow Guesthouse, a property with a terrace, is located in Reykjavík, 3.3 km from The Pearl, 700 metres from Harpa Concert Hall & Conference Centre, as well as less than 1 km from...

    From US$204.14 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,712 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 US$199.61 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 590 reviews

    These luxury apartments in central Reykjavik are just 350 metres from Old Reykjavik Harbour. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

    From US$412.68 per night
  • Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 784 reviews

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

    From US$184.70 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 271 reviews

    Located within 700 metres of Hallgrímskirkja Church and less than 1 km of Solfar Sun Voyager in the centre of Reykjavík, Odinn Reykjavik Skolavordustigur Apartments provides accommodation with free...

  • Scored out of 10, guest rating 9.8
    Exceptional - What previous guests thought, 5 reviews

    In the Reykjavík 101 district of Reykjavík, close to Hallgrímskirkja Church, Vesturgata - One Bedroom Apartment Near Harbour features free WiFi and a washing machine.

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

  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,181 reviews

    Set within 1.4 km of Hallgrímskirkja Church and 1.3 km of Solfar Sun Voyager in Reykjavík, Day Dream Vesturgata 17 Reykjavik offers accommodation with seating area.

    From US$237.75 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 5 reviews

    Situated in Reykjavík, 1.3 km from Hallgrímskirkja Church, Ranargata Apartments by Heimaleiga features rooms with city views and free WiFi.

    From US$304.78 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 1 review

    Spacious 3Bedroom Apartment on Rainbow Street in Reykjavík offers accommodation with free WiFi, 500 metres from Hallgrímskirkja Church, 2.8 km from The Pearl and 49 km from Blue Lagoon.

    From US$541.65 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 337 reviews

    Next Apartment Bergstadastræti offers modern, self-catering accommodation 200 metres from Laugavegur shopping street, in central Reykjavík. WiFi is free.

    From US$245.38 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 1,147 reviews

    Well situated in the Vesturbær district of Reykjavík, Refurinn Reykjavik Guesthouse is set 1.5 km from Hallgrímskirkja Church, 1.6 km from Solfar Sun Voyager and 3.6 km from The Pearl.

  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,294 reviews

    Hotel Odinsve is 400 metres 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 US$256.53 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 350 reviews

    Set within 400 metres of Hallgrímskirkja Church and 700 metres of Solfar Sun Voyager in the centre of Reykjavík, Design apartments in the heart of Reykjavik offers accommodation with free WiFi and...

    From US$380.39 per night
  • Hotel Frón

    Reykjavík
    Central location
    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 2,475 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 US$180.80 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$187.97
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 884 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: US$144.41
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,235 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 traveller
  • Avg. price/night: US$160.23
    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,658 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