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 7 - Oct 8
Tomorrow
Oct 8 - Oct 9
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 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.
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$2,428
NT$2,904 total
includes taxes & fees
Nov 3 - Nov 4
Old Town Reykjavik
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
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.
A modern interior with a large window, a potted plant, and leather seating.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paul
NT$5,099
NT$5,869 total
includes taxes & fees
Oct 28 - Oct 29
Hotel Von
Bar (on property)
Room
Bar (on property)
Lobby sitting area

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Palani
NT$3,179
NT$3,737 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 staircase with a golden handrail, a large ornate mirror, and a painting on the wall.
A room with bunk beds, a desk, and a large window.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
NT$3,152
NT$3,707 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 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.
A parking lot with several cars and a building with multiple windows.

5. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
NT$3,629
NT$4,236 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 compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.
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$2,692
NT$3,197 total
includes taxes & fees
Nov 2 - Nov 3
Hostel Fjordur
A buffet with various food items and beverages.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.
A room with a wooden table, two green armchairs, a painting of a seascape, and a window with a view of a building.
A reception area with a check-in counter, a wall clock, and a flag.

7. Start Hostel

Start Hostel
Reykjanesbær
United States
Wonsuk
NT$4,149
NT$4,813 total
includes taxes & fees
Nov 3 - Nov 4
Start Hostel
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 staircase with white balusters and a white handrail, leading to a door with a brass doorknob.

8. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$3,567
NT$4,169 total
includes taxes & fees
Oct 27 - Oct 28
Refurinn Reykjavik Guesthouse - 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 room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.
A parking lot with several cars parked in front of a building with large windows and a flat roof.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
NT$4,438
NT$5,134 total
includes taxes & fees
Oct 8 - Oct 9
ASTIN ER SVARID HOSTEL
A restaurant interior with high ceilings, hanging plants, and a bar area.
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.
A person in a kitchen holding a plate.

10. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
Kebba
NT$11,983
NT$13,509 total
includes taxes & fees
Oct 13 - Oct 14
Nordic Hostel
View all properties

Top Reykjavik Hotel Reviews

Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"Good location but very limited parking. Nice hot tub and helpful staff. Needed a bit better breakfast ."
Terry 3-night trip
Posted 12 hours ago
Miðgarður by Center Hotels
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Breakfast was good."
Yuan 1-night trip
Posted 22 hours ago
Center Hotels Plaza
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"Beautiful facility, very central. Late check out upon request."
Dr. Dean 1-night trip
Posted 1 day ago
Hotel Reykjavík Grand
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Perfect hotel!!"
Hada 5-night trip
Posted 3 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 4 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 4 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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