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
Aug 18 - Aug 19
Tomorrow
Aug 19 - Aug 20
This weekend
Aug 21 - Aug 23
Next weekend
Aug 28 - Aug 30

Our top choices for Reykjavik cheap hotels

1. 201 Hotel

201 Hotel
Kópavogur
United States
Karen
NT$4,932
NT$5,682 total
includes taxes & fees
Sep 15 - Sep 16
201 Hotel

2. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Dan Donna
NT$4,376
NT$5,065 total
includes taxes & fees
Aug 24 - Aug 25
CityHub Reykjavik

3. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
NT$9,628
NT$10,895 total
includes taxes & fees
Sep 7 - Sep 8
City Center Hotel

4. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
NT$6,510
NT$7,434 total
includes taxes & fees
Sep 9 - Sep 10
Reykjavik Lights by Keahotels

5. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Gustavo Londono
NT$7,216
NT$8,218 total
includes taxes & fees
Sep 15 - Sep 16
Hotel Von

6. Hotel Fron

Hotel Fron
Downtown Reykjavik
Canada
Nancy
NT$5,811
NT$6,659 total
includes taxes & fees
Aug 19 - Aug 20
Hotel Fron

7. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Eric
NT$3,965
NT$4,608 total
includes taxes & fees
Aug 31 - Sep 1
Hotel Cabin

8. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Eduardo
NT$5,588
NT$6,411 total
includes taxes & fees
Sep 15 - Sep 16
Alva Hotel Brautarholt

9. Hotel Ísland - Spa & Wellness Hotel

Hotel Ísland - Spa & Wellness Hotel
Háaleiti
United States
Corona
NT$7,122
NT$8,114 total
includes taxes & fees
Sep 7 - Sep 8
Hotel Ísland - Spa & Wellness Hotel

10. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United Kingdom
Peter
NT$8,250
NT$9,365 total
includes taxes & fees
Sep 1 - Sep 2
Konvin Hotel by Reykjavik Keflavik Airport
View all properties

Top Reykjavik Hotel Reviews

Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"When we arrived and tried to check in early we were told our room was not yet ready. But for $40 US dollars we could get a room that was available immediately. We turned it down. 5 mins later we approached the front check in desk again with a request to store a medication that required refrigeration and when that person check our upcoming room number, she stated our room was ready for no additional charge and the refrigerator in our room could accommodate my med needs. Felt somewhat disappointed by how we’re treated and the inappropriate effort to get more cash from us for no added value."
Henry 1-night trip
Posted 11 hours ago
Fosshotel Reykjavik
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

8/10 Good
"Property was in an excellent location with many sights, museums, restaurants, bars and bakeries within walking distance. The stop to catch the fly bus or the hop-on hop-off bus was just across the street next to the Harpa concert hall. They had lockers to hold your luggage if you arrived before your room was ready. The room itself was very small and I did not like the shower being directly on the bathroom floor that you had to squeegee to have a place to stand. The room was very warm and no thermostat to adjust. Only one small square window to open. We did not eat there."
KAREN 1-night trip
Posted 12 hours ago
Center Hotels Arnarhvoll
Fosshotel Lind

Fosshotel Lind

10/10 Excellent
"Clean and comfortable - having a room available early saved us coming in on a red eye. That was so appreciated."
Alison 3-night trip
Posted 13 hours ago
Fosshotel Lind
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Hotel was great, location was awesome! Hotel staff so accommodating. Room was very clean!"
Maria 3-night trip
Posted 14 hours ago
Alda Hotel Reykjavik
Center Hotels Plaza

Center Hotels Plaza

8/10 Good
"The hotel is well located in the center of town. The rooms are small and sparsely finished (note: no a/c for those travelling in the summer). Staff are very helpful. The hotel provides a continental breakfastand which is reasonably priced as compared to the local restaurants."
Ernest 1-night trip
Posted 14 hours ago
Center Hotels Plaza
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"The hotel is in an excellent location. Only a few miles from downtown and from the cruise terminal. Free parking g right outside. The only negative was that our room was hot even with the cool weather outside"
James E 3-night trip
Posted 19 hours ago
Hotel Reykjavík Grand
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Room was clean and efficient. Not a traditional American continental breakfast but European. Was very good. Difficulty with Expedia ap and messaging from the hotel"
Lindora 1-night trip
Posted 21 hours ago
Alva Hotel Brautarholt
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"So close to downtown!!! We did park our rental 2-3 blocks away for cheaper parking but the apt itself was wonderful…..our 2 bedroom/1 bath had washer and dryer and the breakfast basket each day was lovely with fruit, meat/cheese and veggies. The fresh baked bread delivered each day was a treat as well! Highly recommended staying here!"
Andrea 6-night trip
Posted 2 days ago
Reykjavik Residence Apartment Hotel
Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"The room was cleaned. Housekeeping only on request. Room was very basic, nothing like the 4 stars in other countries. Staff at the front desk were helpful and friendly. Breakfast was very basic. We had dinner in the restaurant on the day we arrived. It was 9pm, kitchen was about to close and they still served us. We enjoyed the meal."
Stephen 3-night trip
Posted 4 days ago
Miðgarður by Center Hotels

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, Hotel Von is a popular hotel for our travelers who want a more economical choice, and features free WiFi and a restaurant. Other options for your budget-friendly stay include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many inexpensive hotels will I find in Reykjavik?
Expedia has 14 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, Nautholsvik Geothermal Beach, or Oskjuhlid Hill.
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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