The Best Cheap Hotels in Reykjavik from NT$4,918 in 2026

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

1. Reykjavik Lights by Keahotels

Háaleiti

joyce

NT$4,730

NT$5,461 total

includes taxes & fees

Oct 14 - Oct 15

Minibar, in-room safe, blackout drapes, iron/ironing board (on request)

Deluxe Studio | Minibar, in-room safe, blackout drapes, iron/ironing board (on request)

Apartment, 1 Bedroom | Living area | 32-cm TV with digital channels

2. Hotel Fron

Downtown Reykjavik

Michelle

NT$5,316

NT$6,111 total

includes taxes & fees

Oct 10 - Oct 11

3. CityHub Reykjavik

Downtown Reykjavik

Zahra

NT$4,408

NT$5,103 total

includes taxes & fees

Oct 12 - Oct 13

Triple Room | Desk, laptop workspace, blackout drapes, soundproofing

4. Konvin Hotel by Reykjavik Keflavik Airport

Reykjanesbær

Joseph

NT$4,964

NT$5,720 total

includes taxes & fees

Oct 11 - Oct 12

5. Hotel Viking

Hafnarfjordur

William

NT$4,929

NT$5,681 total

includes taxes & fees

Sep 23 - Sep 24

Standard Double Room, Balcony (or view) | Premium bedding, down comforters, pillowtop beds, desk

6. City Center Hotel

Downtown Reykjavik

Ara

NT$5,704

NT$6,542 total

includes taxes & fees

Oct 14 - Oct 15

Family Room with Private Hot Tub and Sauna - Self Check-in | 1 bedroom, in-room safe, desk, cribs (free)

Superior Double Room with Hot Tub and Sauna Access - Self Check-in | View from room

Superior Room With Sea View - Self Check in | 1 bedroom, in-room safe, desk, cribs (free)

7. Fisherman's Village

Garðabær

Michael

NT$4,392

NT$5,085 total

includes taxes & fees

Oct 13 - Oct 14

Comfort Studio | Private kitchen | Mini-fridge, microwave, stovetop, dishwasher

8. Strand Hotel Apartments

Hafnarfjörður

Shawn

NT$2,877

NT$5,611 total

includes taxes & fees

Sep 30 - Oct 1

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Top Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

10/10 Excellent

"Wonderful experience! Great location just steps from the main street for shopping, restaurants and bars. The apartment was spacious and very clean. All the staff were very friendly and helpful. The breakfast baskets and fresh bread were awesome. We would definitely stay here again."

Center Hotels Arnarhvoll

10/10 Excellent

"Staff very helpful"

Hotel Reykjavík Grand

10/10 Excellent

"Grand is a lovely hotel on the east side. It was walking distance to the busy shopping district, Harbour area and city center Be aware there may some traffic noise if you're facing the road on the lower floors. The food is wonderful; the food and staff are wonderful. The only thing that would've made our stay better would've been having breakfast included. We would stay again."

Alda Hotel Reykjavik

10/10 Excellent

"We were traveling without a car and loved the location! Very walkable and the staff was so pleasant."

Alva Hotel Brautarholt

10/10 Excellent

"Very clean hotel, Offers breakfast, but I did not use. Communications due to it being self check-in were very detailed and clear. Close to city points of interest. Quiet room with everything you need in a hotel room."

Guesthouse Sunna

8/10 Good

"We were only here for one night, but I was pleasantly surprised. The location is top notch, walking distance to all the things, with both public and a few private parking options. Rooms are cozy with a sink plus a shared bathroom and kitchen. These seemed reasonably stocked with all you'd need. Staff was courteous and helpful. No elevator, so pack light or prepare for a struggle up the wide staircase."

Miðgarður by Center Hotels

8/10 Good

"Decent breakfast. Small gym. Nice spa for people that enjoy the spa and can make the time to use it. Parking is right out front 1st come 1st serve. Xtra parking in the back in designates areas."

Fosshotel Lind

10/10 Excellent

"I got what I wanted from this hotel --- a good location, helpful staff, a yummy breakfast, a basic but clean room, etc. No issues at all and I would not hesitate to stay here again"

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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Change your mind

Treat yourself

Be picky

Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

1. Reykjavik Lights by Keahotels

2. Hotel Fron

3. CityHub Reykjavik

4. Konvin Hotel by Reykjavik Keflavik Airport

5. Hotel Viking

6. City Center Hotel

7. Fisherman's Village

8. Strand Hotel Apartments

9. Hotel Vellir

10. Aska Hraun

Top Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Center Hotels Arnarhvoll

Hotel Reykjavík Grand

Alda Hotel Reykjavik

Alva Hotel Brautarholt

Guesthouse Sunna

Miðgarður by Center Hotels

Fosshotel Lind

Frequently asked questions

Explore a world of travel with Expedia

Find Cheap Hotels in Reykjavik

Change your mind

Treat yourself

Be picky

Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

1. Reykjavik Lights by Keahotels

2. Hotel Fron

3. CityHub Reykjavik

4. Konvin Hotel by Reykjavik Keflavik Airport

5. Hotel Viking

6. City Center Hotel

7. Fisherman's Village

8. Strand Hotel Apartments

9. Hotel Vellir

10. Aska Hraun

Top Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Center Hotels Arnarhvoll

Hotel Reykjavík Grand

Alda Hotel Reykjavik

Alva Hotel Brautarholt

Guesthouse Sunna

Miðgarður by Center Hotels

Fosshotel Lind

Frequently asked questions

Explore a world of travel with Expedia