A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

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Our top choices for Reykjavik cheap hotels

1. Kvosin Downtown Hotel

Kvosin Downtown Hotel
4.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (1,005 reviews)
"Clean, friendly and conveniently located for a family holiday."
United Kingdom
Mark
The price is NT$5,201
NT$5,989 total
includes taxes & fees
Nov 15 - Nov 16
Kvosin Downtown Hotel

2. Black Pearl Luxury Apartments

Black Pearl Luxury Apartments
4.5 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (787 reviews)
"Brilliant location, excellent clean apartment, all amenities present, can’t get any better than this!"
United Kingdom
sudeshna
The price is NT$8,802
NT$10,023 total
includes taxes & fees
Dec 10 - Dec 11
Black Pearl Luxury Apartments

3. Old Charm Reykjavik Apartments

Old Charm Reykjavik Apartments
3.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (147 reviews)
"The location was great and we appreciated the onsite parking. Cute apartment and very clean. The beds and pillows were excellent. "
United States
Jennifer
The price is NT$5,692
NT$6,533 total
includes taxes & fees
Nov 12 - Nov 13
Old Charm Reykjavik Apartments

4. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,516 reviews)
"Great location and place for families to stay"
United States
Debra
The price is NT$6,062
NT$6,944 total
includes taxes & fees
Dec 10 - Dec 11
Reykjavik Residence Apartment Hotel

5. Hotel Reykjavik Saga

Hotel Reykjavik Saga
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (831 reviews)
"Great location."
Canada
Sukhwant
The price is NT$7,225
NT$8,235 total
includes taxes & fees
Nov 22 - Nov 23
Hotel Reykjavik Saga

6. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (408 reviews)
"Fantastic location. Beautiful hotel. Friendly staff."
Canada
Laura Monica
The price is NT$8,221
NT$9,340 total
includes taxes & fees
Dec 8 - Dec 9
Reykjavik Konsulat Hotel, Curio Collection by Hilton

7. Reykjavik Treasure

Reykjavik Treasure
3.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (260 reviews)
"This location was absolutely perfect clean cozy wonderful breakfast in the morning and convenient to walk into the city would definitely stay again !"
United States
Deanna
The price is NT$4,652
NT$5,379 total
includes taxes & fees
Nov 24 - Nov 25
Reykjavik Treasure

8. Hotel Local 101

Hotel Local 101
3.0 star property
Vesturbær
9.4 out of 10, Exceptional, (331 reviews)
"Great location, very lovely staff, cute bar/restaurant."
Canada
Heather
The price is NT$3,880
NT$4,521 total
includes taxes & fees
Dec 7 - Dec 8
Hotel Local 101

9. Freyja Guesthouse & Suites

Freyja Guesthouse & Suites
2.5 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (424 reviews)
"We love our stay here. "
United States
Sunny
The price is NT$11,787
NT$13,299 total
includes taxes & fees
Dec 1 - Dec 2
Freyja Guesthouse & Suites

10. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,006 reviews)
"Lovely hotel by the old harbour. Perfect for our week in Reykjavik with easy access to the golden circle and more"
United Kingdom
Daniel
The price is NT$4,198
NT$4,874 total
includes taxes & fees
Dec 1 - Dec 2
Reykjavik Marina - Berjaya Iceland Hotels

11. Grandi by Center Hotels

Grandi by Center Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,671 reviews)
"Lovely hotel in great location - good restaurant with many other good options nearby. Great coffee shop in foyer."
Australia
Gordon
The price is NT$6,271
NT$7,175 total
includes taxes & fees
Nov 17 - Nov 18
Grandi by Center Hotels

12. Sand Hotel by Keahotels

Sand Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Excellent place to stay. Central and walking distance from many Reykjavik attractions. Clean and well appointed, friendly staff."
United States
Mark
The price is NT$6,749
NT$7,706 total
includes taxes & fees
Dec 3 - Dec 4
Sand Hotel by Keahotels

13. Canopy by Hilton Reykjavik City Centre

Canopy by Hilton Reykjavik City Centre
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Great location, nice room, and a great breakfast!"
United States
Tina
The price is NT$8,005
NT$9,100 total
includes taxes & fees
Nov 25 - Nov 26
Canopy by Hilton Reykjavik City Centre

14. Vintage Apartment Hotel

Vintage Apartment Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (230 reviews)
"Great location and great room. We had a great stay"
United States
travis
The price is NT$4,514
NT$7,068 total
includes taxes & fees
Nov 23 - Nov 24
Vintage Apartment Hotel

15. Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,001 reviews)
"I liked the location, the breakfast, the comfort of the bed, and the shampoo and conditioner!"
United States
Jamie
The price is NT$5,676
NT$6,515 total
includes taxes & fees
Dec 9 - Dec 10
Hotel Reykjavik Centrum

16. Iceland Parliament Hotel, Curio Collection By Hilton

Iceland Parliament Hotel, Curio Collection By Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (353 reviews)
"Great hotel with exceptionally nice staff and terrific spa facilities. Centrally located, very walkable, nice restaurant."
United States
Olivia
The price is NT$8,421
NT$9,561 total
includes taxes & fees
Nov 18 - Nov 19
Iceland Parliament Hotel, Curio Collection By Hilton

17. ION City Hotel, a Member of Design Hotels

ION City Hotel, a Member of Design Hotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (301 reviews)
"Clean room Amazing staff Everything is close by"
United States
Youssef
The price is NT$7,324
NT$8,344 total
includes taxes & fees
Dec 1 - Dec 2
ION City Hotel, a Member of Design Hotels

18. Torg Apartments

Torg Apartments
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (353 reviews)
"Very centrally located, and the apartment was nice and bright."
United States
Susan
The price is NT$4,836
NT$5,582 total
includes taxes & fees
Dec 9 - Dec 10
Torg Apartments

19. Castle House Luxury Apartments

Castle House Luxury Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,187 reviews)
"Very lovely room! the under floor heating was an amazing feeling after a long day of exploring. the location was amazing we were just a short walk from everything. the staff were lovely and the apartments has much more than what you would get at a hotel. Would happily stay again! Thank you!"
United Kingdom
Kathryn Elizabeth
The price is NT$3,293
NT$5,826 total
includes taxes & fees
Nov 18 - Nov 19
Castle House Luxury Apartments

20. Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,426 reviews)
"Great stay."
United States
joanne
The price is NT$5,413
NT$6,223 total
includes taxes & fees
Nov 23 - Nov 24
Alda Hotel Reykjavik
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

Top Reykjavik Hotel Reviews

Frequently asked questions

What is Reykjavik like for travelers on a budget?
Reykjavik offers cheap accommodation options and a variety of places to visit, making it a great choice for a budget-friendly getaway. In addition to its well-known attractions like Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in Reykjavik?
Based on reviews, Old Town Reykjavik is a popular hotel for our travelers in search of a less expensive place to stay and offers free WiFi. Other options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many inexpensive hotels will I find in Reykjavik?
Expedia has 13 hotels in Reykjavik that are ideal if you are watching your pennies.
When is the best time for a budget trip to Reykjavik?
Weather is probably a major factor when you plan your trip to Reykjavik, and keep in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August with an average temp of 50°F, while the coldest months are December and January with an average of 32°F. Average annual precipitation for Reykjavik is 50 inches.
What is there to see and do in Reykjavik?
Reykjavik attracts visitors with its top museums and abundant cafes, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions that interest you most, such as Reykjavik Harbour, and then look for sights and activities that cost little or nothing at all. If you're looking to enjoy the area's natural beauty, you can get outdoors at Reykjavik Pond, Oskjuhlid Hill, or Nautholsvik Geothermal Beach.
How can I get to Reykjavik and get around on a budget?
Scoping out the transportation options in Reykjavik is a smart way to keep your trip affordable. The closest airport is 1.2 mi (2 km) away from the center in Reykjavik Domestic Airport (RKV). However, if that doesn't suit your budget, you can book a flight to Reykjavik–Keflavik Intl. Airport (KEF), located 23.2 mi (37.3 km) away. Reykjavik might not have very many public transportation choices so a car rental could be a reasonable alternative to see more of the area.

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