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
Oct 30 - Nov 1
Next weekend
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.

1. Old Town Reykjavik

Old Town Reykjavik
3.0 star property
Downtown Reykjavik
7.4 out of 10, Good, (326 reviews)
"I loved my stay here! The location in the heart of the Old Town is amazing, and you can easily walk to all the beautiful sights. The rooms were spotless and the atmosphere was so warm and cozy."
Canada
Tatiana
The price is NT$2,198
NT$2,653 total
includes taxes & fees
Nov 23 - Nov 24
Old Town Reykjavik
A four-poster bed with a wooden frame, a television mounted on the wall, and a window with curtains.

2. Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,013 reviews)
"It was a great stay!!"
United States
Paulo
The price is NT$5,181
NT$5,963 total
includes taxes & fees
Nov 19 - Nov 20
Hotel Von
Exterior

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
2.0 star property
Downtown Reykjavik
8.6 out of 10, Excellent, (1,001 reviews)
"Friendly staff a wonderful location."
United States
Alex
The price is NT$3,039
NT$3,587 total
includes taxes & fees
Nov 10 - Nov 11
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.

4. Bus Hostel Reykjavik

Bus Hostel Reykjavik
3.0 star property
Hlíðar
8.2 out of 10, Very good, (355 reviews)
"Accessible to the city"
United States
Deborah
The price is NT$2,395
NT$2,938 total
includes taxes & fees
Oct 29 - Oct 30
Bus Hostel Reykjavik
A building with multiple windows and a tower with a spire.

5. Hostel B47

Hostel B47
2.0 star property
Downtown Reykjavik
8.4 out of 10, Very good, (318 reviews)
"Great place for hostel."
United States
Thomas
The price is NT$2,742
NT$3,258 total
includes taxes & fees
Nov 10 - Nov 11
Hostel B47
A two-story house with a snow-covered roof and a white picket fence.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
2.0 star property
Vesturbær
9.0 out of 10, Wonderful, (44 reviews)
"It's very clean and the kitchen is well equipped! They offer some food which is very nice. You need to go around to find parking lot."
United States
Justina
The price is NT$2,737
NT$3,250 total
includes taxes & fees
Nov 11 - Nov 12
Refurinn Reykjavik Guesthouse - Hostel
A building with multiple windows and a flat roof, under a night sky with green aurora lights.

7. Hostel Fjordur

Hostel Fjordur
1.0 star property
Hafnarfjörður
8.6 out of 10, Excellent, (17 reviews)
"Wonderful stay ! Love the layout on different floors, availability of amenities, comfortable rooms and location"
United States
Kanchan
The price is NT$2,735
NT$3,249 total
includes taxes & fees
Nov 28 - Nov 29
Hostel Fjordur
A modern hotel room with a large bed, two bedside tables, and a unique wall design with triangular light fixtures.

8. Start Hostel

Start Hostel
2.0 star property
Reykjanesbær
9.4 out of 10, Exceptional, (538 reviews)
"Stayed with family of five. Great location, awesome breakfast, super helpful staff. Would stay here again."
Canada
Jessica
The price is NT$4,205
NT$4,880 total
includes taxes & fees
Nov 1 - Nov 2
Start Hostel
A modern kitchen with white cabinetry, a dishwasher, and a window providing natural light.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
1.0 star property
Keflavík
7.2 out of 10, Good, (5 reviews)
"Room was clean, close to airport"
Canada
Darren
The price is NT$4,498
NT$5,205 total
includes taxes & fees
Oct 30 - Oct 31
ASTIN ER SVARID HOSTEL
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

Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Great"
fran 3-night trip
Posted 3 hours ago
Fosshotel Reykjavik

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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