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

This weekend
Nov 6 - Nov 8
Next weekend
Nov 13 - Nov 15

Our top choices for Reykjavik cheap hotels

A cozy reading area with a bookshelf, chairs, and a coffee machine.

1. Kvosin Downtown Hotel

Kvosin Downtown Hotel
4.0 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (1,004 reviews)
"Clean, friendly and conveniently located for a family holiday."
United Kingdom
Mark
The price is NT$5,637
NT$6,474 total
includes taxes & fees
Nov 8 - Nov 9
Kvosin Downtown Hotel
A modern hotel reception desk with a wooden finish and a black leather seating area.

2. Black Pearl Luxury Apartments

Black Pearl Luxury Apartments
4.5 star property
Downtown Reykjavik
9.8 out of 10, Exceptional, (787 reviews)
"Brilliant location, excellent clean apartment, all amenities present, can’t get any better than this!"
United Kingdom
sudeshna
The price is NT$8,917
NT$10,115 total
includes taxes & fees
Nov 29 - Nov 30
Black Pearl Luxury Apartments
A modern spa room with a hot tub, a hanging chair, and a seating area with a sofa and coffee table.

3. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Reykjavik Konsulat Hotel, Curio Collection by Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (406 reviews)
"Fantastic location. Beautiful hotel. Friendly staff."
Canada
Laura Monica
The price is NT$8,594
NT$9,755 total
includes taxes & fees
Dec 3 - Dec 4
Reykjavik Konsulat Hotel, Curio Collection by Hilton
A restaurant with indoor seating, hanging wicker lamps, and a view of the city through large windows.

4. Hotel Reykjavik Saga

Hotel Reykjavik Saga
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (823 reviews)
"Great location."
Canada
Sukhwant
The price is NT$8,652
NT$9,820 total
includes taxes & fees
Nov 10 - Nov 11
Hotel Reykjavik Saga
A kitchen with dark cabinets, a countertop with a basket of fruits, and a paper bag.

5. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,509 reviews)
"Great location and place for families to stay"
United States
Debra
The price is NT$5,735
NT$6,582 total
includes taxes & fees
Nov 23 - Nov 24
Reykjavik Residence Apartment Hotel
A modern bedroom with a bed, pillows, a wooden accent wall, and a small plant.

6. Reykjavik Treasure

Reykjavik Treasure
3.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (260 reviews)
"This location was absolutely perfect clean cozy wonderful breakfast in the morning and convenient to walk into the city would definitely stay again !"
United States
Deanna
The price is NT$6,587
NT$7,529 total
includes taxes & fees
Nov 6 - Nov 7
Reykjavik Treasure
A modern library with bookshelves, a leather sofa, a wooden table, and comfortable seating.

7. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,001 reviews)
"Lovely hotel by the old harbour. Perfect for our week in Reykjavik with easy access to the golden circle and more"
United Kingdom
Daniel
The price is NT$3,988
NT$4,642 total
includes taxes & fees
Dec 1 - Dec 2
Reykjavik Marina - Berjaya Iceland Hotels
A modern indoor pool area with glass walls and warm lighting.

8. Grandi by Center Hotels

Grandi by Center Hotels
4.0 star property
Vesturbær
9.4 out of 10, Exceptional, (1,664 reviews)
"Lovely hotel in great location - good restaurant with many other good options nearby. Great coffee shop in foyer."
Australia
Gordon
The price is NT$5,931
NT$6,799 total
includes taxes & fees
Nov 10 - Nov 11
Grandi by Center Hotels
A buffet setup with various food items and a bottle of wine on a counter.

9. Hotel Local 101

Hotel Local 101
3.0 star property
Vesturbær
9.4 out of 10, Exceptional, (328 reviews)
"Great location, very lovely staff, cute bar/restaurant."
Canada
Heather
The price is NT$3,898
NT$4,542 total
includes taxes & fees
Dec 3 - Dec 4
Hotel Local 101
A modern hotel room with a bed, a desk, a flat-screen TV, and a hallway leading to a bathroom.

10. Sand Hotel by Keahotels

Sand Hotel by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,002 reviews)
"The location was perfect, really perfect, right in the middle of everything. The staff was helpful and booked us a fun whale watch. The room was very nice and they served a wonderful breakfast."
United States
David R
The price is NT$6,783
NT$7,746 total
includes taxes & fees
Dec 1 - Dec 2
Sand Hotel by Keahotels
A modern building with a restaurant named "Canopy" at its ground level.

11. Canopy by Hilton Reykjavik City Centre

Canopy by Hilton Reykjavik City Centre
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,000 reviews)
"Great location, nice room, and a great breakfast!"
United States
Tina
The price is NT$8,057
NT$9,159 total
includes taxes & fees
Nov 23 - Nov 24
Canopy by Hilton Reykjavik City Centre
A modern bar area with two round tables, two plush armchairs, and a wall of illuminated planters.

12. Vintage Apartment Hotel

Vintage Apartment Hotel
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (230 reviews)
"Great location and great room. We had a great stay"
United States
travis
The price is NT$5,058
NT$7,676 total
includes taxes & fees
Nov 18 - Nov 19
Vintage Apartment Hotel
A bar area with a modern design, featuring a long counter with bar stools, a variety of bottles, and a unique ceiling light fixture.

13. Iceland Parliament Hotel, Curio Collection By Hilton

Iceland Parliament Hotel, Curio Collection By Hilton
5.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (353 reviews)
"Great hotel with exceptionally nice staff and terrific spa facilities. Centrally located, very walkable, nice restaurant."
United States
Olivia
The price is NT$8,470
NT$9,618 total
includes taxes & fees
Nov 26 - Nov 27
Iceland Parliament Hotel, Curio Collection By Hilton
A hotel reception area with a green wall and a reception desk.

14. Hotel Reykjavik Centrum

Hotel Reykjavik Centrum
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,002 reviews)
"I liked the location, the breakfast, the comfort of the bed, and the shampoo and conditioner!"
United States
Jamie
The price is NT$5,709
NT$6,553 total
includes taxes & fees
Nov 23 - Nov 24
Hotel Reykjavik Centrum
A restaurant with tables set for dining, potted plants, and hanging plants.

15. Torg Apartments

Torg Apartments
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (353 reviews)
"Very centrally located, and the apartment was nice and bright."
United States
Susan
The price is NT$5,031
NT$5,802 total
includes taxes & fees
Nov 8 - Nov 9
Torg Apartments
A bar area with multiple shelves of bottles and glasses, bar stools, and a bar counter.

16. ION City Hotel, a Member of Design Hotels

ION City Hotel, a Member of Design Hotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (301 reviews)
"Clean room Amazing staff Everything is close by"
United States
Youssef
The price is NT$7,367
NT$8,393 total
includes taxes & fees
Nov 23 - Nov 24
ION City Hotel, a Member of Design Hotels
A hot tub with wooden railings, surrounded by lanterns and a scenic mural.

17. Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,415 reviews)
"Great stay."
United States
joanne
The price is NT$5,441
NT$6,255 total
includes taxes & fees
Nov 23 - Nov 24
Alda Hotel Reykjavik
A modern building with a white facade, multiple windows, and a staircase leading to the entrance.

18. Castle House Luxury Apartments

Castle House Luxury Apartments
3.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,185 reviews)
"Location was excellent. Walkable to main streets. Parking not impossible with reasonable effort."
United States
thomas
The price is NT$3,566
NT$6,141 total
includes taxes & fees
Dec 1 - Dec 2
Castle House Luxury Apartments
A balcony with wooden furniture, a round table, and a view of a harbor with boats and mountains in the background.

19. The Reykjavik EDITION

The Reykjavik EDITION
5.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (708 reviews)
"Always stay here when I’m in Reykjavik!"
United States
Melia
The price is NT$11,302
NT$14,650 total
includes taxes & fees
Dec 6 - Dec 7
The Reykjavik EDITION
A snow-covered building with multiple windows and a tree in the foreground.

20. Hotel Borg by Keahotels

Hotel Borg by Keahotels
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,001 reviews)
"Great location and historic hotel"
United States
David
The price is NT$7,164
NT$8,168 total
includes taxes & fees
Dec 1 - Dec 2
Hotel Borg by Keahotels
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.
View all properties

Top Reykjavik Hotel Reviews

Hotel Odinsve

Hotel Odinsve

8/10 Good
"Nice hotel in the middle of town. Great location to walk to the church and the museum. Lots of restaurants and shops nearby. Tight bathroom, but manageable."
Andreas 1-night trip
Posted 2 hours 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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