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

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Check availability on Reykjavik Cheap Hotels

Tonight
Oct 19 - Oct 20
Tomorrow
Oct 20 - Oct 21
This weekend
Oct 23 - Oct 25
Next weekend
Oct 30 - Nov 1

Our top choices for Reykjavik cheap hotels

A modern living room with a dark sofa, a round coffee table, and several potted plants.
A multi-story building with a yellow facade, white trim, and a central entrance.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.
A modern office space with a sofa, chairs, a table, and a large window.

1. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
NT$2,345
NT$2,816 total
includes taxes & fees
Nov 18 - Nov 19
Old Town Reykjavik
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A modern interior with a large window, a potted plant, and leather seating.
A storefront with a glass door, potted plants, and a sign for a restaurant.
A hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
NT$5,226
NT$6,015 total
includes taxes & fees
Nov 1 - Nov 2
Hotel Von
Bar (on property)
Lobby sitting area
Exterior
Room

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
NT$3,264
NT$3,836 total
includes taxes & fees
Oct 20 - Oct 21
KEX Hotel and Hostel Reykjavik
A dormitory room with bunk beds, a red chair, and a wooden cabinet.
A staircase with a golden handrail, a large ornate mirror, and a painting on the wall.
A building with multiple windows and a tower with a spire.
A spacious room with large windows, a television, and a wall decorated with musical instruments.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
NT$2,654
NT$3,160 total
includes taxes & fees
Oct 27 - Oct 28
Hostel B47
A modern bedroom with a black bed, a wooden floor, a fur rug, a bedside table with a vase, and a hanging light fixture.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.
A parking lot with several cars and a building with multiple windows.
A modern lounge area with seating arrangements, a wooden table, and a large window with a view of the outside.

5. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
NT$2,861
NT$3,457 total
includes taxes & fees
Nov 18 - Nov 19
Bus Hostel Reykjavik
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.
A room with a beige sofa, a glass coffee table, a black chair, and a small orange table.
A hallway with a mirror, a door with emergency exit signs, and a fire extinguisher.

6. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
NT$2,760
NT$3,277 total
includes taxes & fees
Oct 31 - Nov 1
Hostel Fjordur
A two-story house with a snow-covered roof and a white picket fence.
A kitchen with a microwave, stove, and checkered backsplash.
A double bed with white bedding and black and white patterned pillows, a bedside table with a lamp, and a painting on the wall.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.

7. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$3,518
NT$4,118 total
includes taxes & fees
Oct 25 - Oct 26
Refurinn Reykjavik Guesthouse - Hostel
A restaurant interior with high ceilings, hanging plants, and a bar area.
A modern kitchen with a dining area, a staircase, and a large window.
A restaurant interior with round tables, chairs, hanging spherical lamps, and a large Christmas tree.
A high-ceilinged room with a metal railing, a hanging light fixture, and a window with curtains.

8. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
brianna
NT$3,873
NT$4,513 total
includes taxes & fees
Oct 26 - Oct 27
Nordic Hostel
A hotel room with a bed, desk, chair, TV, and a window with a view.
A reception area with a check-in counter, a wall clock, and a flag.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.

9. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
NT$4,236
NT$4,916 total
includes taxes & fees
Nov 1 - Nov 2
Start Hostel
A bunk bed in a room with a dark wall and a wooden floor.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.
A parking lot with several cars parked in front of a building with large windows and a flat roof.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.

10. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
NT$4,532
NT$5,244 total
includes taxes & fees
Oct 20 - Oct 21
ASTIN ER SVARID HOSTEL
View all properties

Top Reykjavik Hotel Reviews

Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Great location, overall great experience"
Chui Wa 2-night trip
Posted 7 hours ago
Alva Hotel Brautarholt
Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"Clean room, good service."
Sothavy 4-night trip
Posted 17 hours ago
Fosshotel Reykjavik
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Location was convenient, staff was friendly and helpful, breakfast buffet was plentiful with delicious options, and we even enjoyed the hot tub and sauna. Great place to stay!"
Casey 3-night trip
Posted 23 hours ago
Alda Hotel Reykjavik
Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels

10/10 Excellent
"Nice room - clean functional, adequate size. Very stylish and expansive series of cozy settings in the ground-floor lobby area (library, cinema, lounge, bar, etc.) that we enjoyed hanging out in. Quite walkable location. No hotel parking, but on-street parking was easy with parking app."
Richard 2-night trip
Posted 1 day ago
Reykjavik Marina - Berjaya Iceland Hotels
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Location location Location. You couldn't ask for a better location than this hotel. Right in the heart of everything. Shopping, restaurants, bus stop, taxi stand, attractions, parking, surrounded by color full buildings and minutes to the famous church. Our room was big enough for our luggage and all of our stuff as we have been traveling for weeks. Only concern was there is no counter top to place your toiletries. I would go back and stay at this hotel. Breakfast was good. Inviting lobby and friendly staff. 2 thumbs up."
Saira 1-night trip
Posted 1 day ago
Center Hotels Plaza

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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