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 25 - Oct 26
Tomorrow
Oct 26 - Oct 27
Next weekend
Oct 30 - Nov 1
In two weeks
Nov 6 - Nov 8

Our top choices for Reykjavik cheap hotels

A modern waiting area with a sofa, chairs, a wooden table, and a large window providing a view of the street.
A modern office space with a sofa, chairs, a table, and a large window.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.
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$2,204
NT$2,661 total
includes taxes & fees
Nov 23 - Nov 24
Old Town Reykjavik
A storefront with a glass door, potted plants, and a sign for a restaurant.
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 wine cellar with wooden shelves and a bench.

2. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
NT$5,234
NT$6,024 total
includes taxes & fees
Oct 28 - Oct 29
Hotel Von
Exterior
Bar (on property)
Lobby sitting area
Room

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
NT$3,272
NT$3,847 total
includes taxes & fees
Oct 26 - Oct 27
KEX Hotel and Hostel Reykjavik
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 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.

4. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
NT$2,736
NT$3,318 total
includes taxes & fees
Nov 3 - Nov 4
Bus 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.

5. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
NT$2,745
NT$3,261 total
includes taxes & fees
Nov 18 - Nov 19
Hostel B47
A two-story house with a snow-covered roof and a white picket fence.
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 wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.
A kitchen with a microwave, stove, and checkered backsplash.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$2,765
NT$3,284 total
includes taxes & fees
Nov 1 - Nov 2
Refurinn Reykjavik Guesthouse - Hostel
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.
A room with a beige sofa, a glass coffee table, a black chair, and a small orange table.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.

7. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
NT$2,763
NT$3,282 total
includes taxes & fees
Nov 9 - Nov 10
Hostel Fjordur
A modern hotel room with a large bed, two bedside tables, and a unique wall design with triangular light fixtures.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.
A buffet with various food items and beverages.
A reception area with a check-in counter, a wall clock, and a flag.

8. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
NT$4,248
NT$4,930 total
includes taxes & fees
Nov 1 - Nov 2
Start Hostel
A bunk bed room with a window and curtains.
An entrance to a building with a colorful mural, a row of white chairs, and a clear sky.
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$4,544
NT$5,259 total
includes taxes & fees
Oct 26 - Oct 27
ASTIN ER SVARID HOSTEL
View all properties

Top Reykjavik Hotel Reviews

Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"Great stay, totally recomend! Breakfast was amazing, room was super clean and bedding was very comfy"
Carola Camelia 6-night trip
Posted 5 hours ago
Center Hotels Arnarhvoll
Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"Basic but clean."
Hernan 4-night trip
Posted 8 hours ago
Fosshotel Reykjavik
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"The staff was very accommodating when I wanted to check in early. My room was ready very quickly and I got upgraded to a tower view room. The building is beautiful, staff is helpful, and the hotel is very conveniently located in the heart of town. My only thing I would warn others about is that there’s currently construction being done, so you’ll hear noises from the construction crew, but it didn’t bother me as I was gone most of the day anyways. Highly recommend to anyone looking for a hotel in Reykjavík!"
Marilyn 1-night trip
Posted 11 hours ago
Hotel Reykjavík Grand
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"very clean and location is very near downtown. the breakfast is very nice."
Peileng 4-night trip
Posted 1 day ago
Miðgarður by Center Hotels
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Excelente ubicación, cuartos limpios, el desayuno muy completo, el staff muy atento"
laura 3-night trip
Posted 3 days ago
Center Hotels Plaza

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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