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

Hallway

Aska Hraun

Aska Hraun
2.0 star property
Hafnarfjörður
7.4 out of 10, Good, (10 reviews)
"Extremely clean and fresh, bed comfortable, good location."
United States
KERRY
The price is NT$4,564
NT$6,743 total
includes taxes & fees
Aug 3 - Aug 4
Aska Hraun
Outdoor spa tub

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (531 reviews)
"Such a great stay! Check in was easy, the place was clean, and perfect for a quick trip to Iceland!!"
United States
Ashley
The price is NT$4,297
NT$4,975 total
includes taxes & fees
Jul 14 - Jul 15
CityHub Reykjavik
Shared Dormitory, 1 Double Bed | Free WiFi

Blue Viking Pods

Blue Viking Pods
1.5 star property
Reykjanesbær
8.4 out of 10, Very Good, (46 reviews)
"Very good for short term stays "
United States
Erica
The price is NT$3,717
NT$4,331 total
includes taxes & fees
Jul 14 - Jul 15
Blue Viking Pods
Twin Room, Private Bathroom (Twin) | Shared bathroom

iStay Cottages

iStay Cottages
3.0 star property
Suðurnesjabær
9.2 out of 10, Wonderful, (452 reviews)
"Great place"
United States
Andrew
The price is NT$3,460
NT$4,045 total
includes taxes & fees
Jul 14 - Jul 15
iStay Cottages
Terrace/patio

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.0 out of 10, Very Good, (1,015 reviews)
"Check in was very easy and room was nice and clean"
United States
Emma
The price is NT$5,391
NT$6,189 total
includes taxes & fees
Jul 29 - Jul 30
Hotel Duus
Reception hall

Hotel Boli Keflavik

Hotel Boli Keflavik
2.0 star property
Reykjanesbaer
8.4 out of 10, Very Good, (63 reviews)
"Convenient place to stay last night of our trip, near the airport. Clean, great kitchen dining area space!"
Canada
Jana
The price is NT$5,175
NT$5,950 total
includes taxes & fees
Jul 14 - Jul 15
Hotel Boli Keflavik
Family Room with Private Hot Tub and Sauna - Self Check-in | 1 bedroom, in-room safe, desk, cribs/infant beds

Fisherman's Village

Fisherman's Village
3.0 star property
Garðabær
9.2 out of 10, Wonderful, (1,009 reviews)
"Really stunning location, very quiet and you get to see horses roaming free near the rooms. Room is spacious and clean, some nice local eats around the area as well."
Canada
Yifei
The price is NT$6,579
NT$7,508 total
includes taxes & fees
Jul 28 - Jul 29
Fisherman's Village
Lobby sitting area

201 Hotel

201 Hotel
4.0 star property
Kópavogur
8.6 out of 10, Excellent, (1,016 reviews)
"Great staff, good breakfast and clean room, easy free parking"
Canada
Robert
The price is NT$6,384
NT$7,291 total
includes taxes & fees
Jul 23 - Jul 24
201 Hotel
Reception hall

Eldey Airport Hotel

Eldey Airport Hotel
3.0 star property
Reykjanesbær
8.4 out of 10, Very Good, (857 reviews)
"The hotel is very nice."
Canada
Darwin
The price is NT$6,115
NT$6,993 total
includes taxes & fees
Jul 27 - Jul 28
Eldey Airport Hotel
Comfort Studio | Free WiFi

Strand Hotel Apartments

Strand Hotel Apartments
2.0 star property
Hafnarfjörður
9.2 out of 10, Wonderful, (16 reviews)
"The room was spacious, with high ceilings, nice kitchens, bathrooms and I especially loved that the two sets of doors opened to experience the beautiful weather. Definitely returning and will rebook with Strand Hotel."
United States
Christena
The price is NT$3,862
NT$6,700 total
includes taxes & fees
Jul 13 - Jul 14
Strand Hotel Apartments
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.
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Top Reykjavik Hotel Reviews

Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Very good hotel to stay in with all amenities."
Vaidehi 1-night trip
Posted less than an hour ago
Fosshotel Reykjavik

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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