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 9 - Oct 10
Tomorrow
Oct 10 - Oct 11
This weekend
Oct 9 - Oct 11
Next weekend
Oct 16 - Oct 18

Our top choices for Reykjavik cheap hotels

A modern living room with a dark sofa, a round coffee table, and several potted plants.
A modern office space with a sofa, chairs, a table, and a large window.
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 multi-story building with a yellow facade, white trim, and a central entrance.

1. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
NT$2,306
NT$2,769 total
includes taxes & fees
Nov 9 - Nov 10
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 hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.
A storefront with a glass door, potted plants, and a sign for a restaurant.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paul
NT$5,118
NT$5,890 total
includes taxes & fees
Oct 28 - Oct 29
Hotel Von
Bar (on property)
Room
Exterior
Lobby sitting area

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Palani
NT$3,181
NT$3,740 total
includes taxes & fees
Oct 12 - Oct 13
KEX Hotel and Hostel Reykjavik
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.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.
A staircase with a golden handrail, a large ornate mirror, and a painting on the wall.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
NT$3,157
NT$3,713 total
includes taxes & fees
Oct 14 - Oct 15
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 parking lot with several cars and a building with multiple windows.
A modern kitchen with wooden cabinets, a black sink, and a microwave.
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$3,634
NT$4,724 total
includes taxes & fees
Oct 26 - Oct 27
Bus Hostel Reykjavik
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A room with a beige sofa, a glass coffee table, a black chair, and a small orange table.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.
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$2,692
NT$3,196 total
includes taxes & fees
Nov 3 - Nov 4
Hostel Fjordur
A two-story house with a snow-covered roof and a white picket fence.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.
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 kitchen with a microwave, stove, and checkered backsplash.

7. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$3,560
NT$4,160 total
includes taxes & fees
Oct 27 - Oct 28
Refurinn Reykjavik Guesthouse - Hostel
A buffet with various food items and beverages.
A reception area with a check-in counter, a wall clock, and a flag.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.

8. Start Hostel

Start Hostel
Reykjanesbær
United States
Wonsuk
NT$4,156
NT$4,822 total
includes taxes & fees
Nov 3 - Nov 4
Start Hostel
A bunk bed in a room with a dark wall and a wooden floor.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
NT$4,446
NT$5,143 total
includes taxes & fees
Oct 14 - Oct 15
ASTIN ER SVARID HOSTEL
A restaurant interior with high ceilings, hanging plants, and a bar area.
A high-ceilinged room with a metal railing, a hanging light fixture, and a window with curtains.
A person in a kitchen holding a plate.
A cozy indoor area with a bookshelf displaying travel books, a seating area with tables and chairs, and a decorative hanging plant.

10. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
Kebba
NT$11,998
NT$13,526 total
includes taxes & fees
Oct 14 - Oct 15
Nordic Hostel
View all properties

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"clean , breakfast and location very good"
David 6-night trip
Posted 9 hours ago
Center Hotels Plaza
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"We enjoyed our stay at Fosshotel. The breakfast buffet was amazing! Food was fresh and delicious. Our room does not have an air-con but it has window shutters that you can open to allow cool air in. Beds and pillows are comfortable after the long day tour. Amenities are acceptable. Staff are friendly and approachable. You dont have to go anywhere as Bus station 12 is conveniently located at the side of the hotel to wait for the tour buses. The hotel is at walkable distance to the nearest Bonus (Skipholt) grocery store to buy snacks stash for tours."
Elaine Mae A. 4-night trip
Posted 22 hours ago
Fosshotel Reykjavik
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Perfect hotel!!"
Hada 5-night trip
Posted 5 days ago
Alda Hotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"After checking into a couple self check in places we realized that you must enter the code in slowly, it seems if you press the numbers quickly that it doesn't recognize it and fails. Once we figured it out the self check in went smoothly."
debra 1-night trip
Posted 6 days ago
Alva Hotel Brautarholt
Hotel Odinsve

Hotel Odinsve

8/10 Good
"Some sulphur smell second floor bathroom. Breakfast was nice. Great location."
Jessica 2-night trip
Posted 6 days ago
Hotel Odinsve

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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