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 4 - Oct 5
Tomorrow
Oct 5 - Oct 6
Next weekend
Oct 9 - Oct 11
In two weeks
Oct 16 - Oct 18

Our top choices for Reykjavik cheap hotels

A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
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.
A modern interior with a large window, a potted plant, and leather seating.

1. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paul
NT$5,109
NT$5,880 total
includes taxes & fees
Nov 1 - Nov 2
Hotel Von
A modern living room with a dark sofa, a round coffee table, and several potted plants.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.
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.

2. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
NT$2,557
NT$3,047 total
includes taxes & fees
Nov 3 - Nov 4
Old Town Reykjavik
Bar (on property)
Exterior
Bar (on property)
Room

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Palani
NT$3,186
NT$3,745 total
includes taxes & fees
Oct 6 - Oct 7
KEX Hotel and Hostel Reykjavik
A building with multiple windows and a tower with a spire.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.
A room with bunk beds, a desk, and a large window.
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$3,134
NT$3,688 total
includes taxes & fees
Oct 19 - Oct 20
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 lounge area with seating arrangements, a wooden table, and a large window with a view of the outside.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.

5. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
NT$3,506
NT$4,101 total
includes taxes & fees
Oct 11 - Oct 12
Bus Hostel Reykjavik
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.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$3,574
NT$4,177 total
includes taxes & fees
Nov 2 - Nov 3
Refurinn Reykjavik Guesthouse - Hostel
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 room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.

7. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Mario
NT$2,697
NT$3,202 total
includes taxes & fees
Nov 3 - Nov 4
Hostel Fjordur
A buffet with various food items and beverages.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.
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.

8. Start Hostel

Start Hostel
Reykjanesbær
United States
Wonsuk
NT$4,173
NT$4,841 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 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.
A conference room with a long table, chairs, a sofa, and framed pictures on the walls.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
NT$4,464
NT$5,164 total
includes taxes & fees
Oct 5 - Oct 6
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 cozy indoor area with a bookshelf displaying travel books, a seating area with tables and chairs, and a decorative hanging plant.
A high-ceilinged room with a metal railing, a hanging light fixture, and a window with curtains.

10. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
Kebba
NT$12,030
NT$13,563 total
includes taxes & fees
Oct 5 - Oct 6
Nordic Hostel
View all properties

Top Reykjavik Hotel Reviews

Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Perfect hotel!!"
Hada 5-night trip
Posted 1 hour 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 18 hours ago
Alva Hotel Brautarholt
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Amazing place"
Elaiza 1-night trip
Posted 20 hours ago
Reykjavik Residence Apartment Hotel
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

8/10 Good
"This was a great hotel if you want to be down by the harbor. The tour bus pick up was straight across the street. There was not a lot of traffic noise. We wish the restaurant was open for at least dinner if not all meals for convenience. The room was on the smaller side and did not have any kind of dresser to unpack our clothes. The breakfast was excellent with many different offerings and the wait staff were very friendly. Parking was limited but we were lucky to have a spot for half of the trip. The other half we used the Parka app which the front desk explained to us how to use it. We would definitely stay here again."
Mary 7-night trip
Posted 22 hours ago
Center Hotels Arnarhvoll
Guesthouse Sunna

Guesthouse Sunna

10/10 Excellent
"The location is great, right outside the church and close to everything."
Shirley 2-night trip
Posted 5 days ago
Guesthouse Sunna

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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