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 3 - Oct 4
Tomorrow
Oct 4 - Oct 5
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 modern interior with a large window, a potted plant, and leather seating.
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.

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 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.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.

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
Lobby sitting area
Bar (on property)

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 staircase with a golden handrail, a large ornate mirror, and a painting on the wall.
A room with bunk beds, a desk, and a large window.
A modern interior with large windows, red upholstered chairs, a round table, and a radiator.

4. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
NT$3,134
NT$3,688 total
includes taxes & fees
Oct 28 - Oct 29
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 spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.
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.

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 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.
A wooden deck with a metal railing, overlooking a street with buildings and a mountain in the background.

6. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$4,403
NT$5,096 total
includes taxes & fees
Oct 4 - Oct 5
Refurinn Reykjavik Guesthouse - Hostel
A buffet with various food items and beverages.
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.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.

7. 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 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 hallway with a mirror, a door with emergency exit signs, and a fire extinguisher.
A room with a door, a window, a black chair, an orange chair, a beige sofa, and a vase with dried flowers.

8. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Mario
NT$2,702
NT$3,209 total
includes taxes & fees
Oct 31 - Nov 1
Hostel Fjordur
A bunk bed in a room with a dark wall and a wooden floor.
A room with a black leather sofa, a beige sofa, a wooden coffee table, and a refrigerator.
A hallway with paintings on the walls, a wooden door, and a desk with a bird sculpture.
A parking lot with several cars parked in front of a building with large windows and a flat roof.

9. ASTIN ER SVARID HOSTEL

ASTIN ER SVARID HOSTEL
Keflavík
Canada
Darren
NT$4,464
NT$5,164 total
includes taxes & fees
Oct 4 - Oct 5
ASTIN ER SVARID HOSTEL
A restaurant interior with high ceilings, hanging plants, and a bar area.
A person in a kitchen holding a plate.
A restaurant interior with round tables, chairs, hanging spherical lamps, and a large Christmas tree.
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$12,010
NT$13,540 total
includes taxes & fees
Oct 14 - Oct 15
Nordic Hostel
View all properties

Top Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

8/10 Good
"Great location, easily walkable to plenty of stores, restaurants, and attractions. The room was clean and decent in size, though a bit tight for two people traveling with four suitcases. The biggest downside was the bathroom design. The sink is ridiculously small, and the shelf mounted right above it makes it almost impossible to bend over to wash your face or brush your teeth. On top of that, the shower curtain didn't keep water contained at all, leaving the bathroom floor completely soaked after every shower. Overall, a convenient place to stay, but the bathroom layout definitely needs improvement."
April 2-night trip
Posted 12 hours ago
Reykjavik Residence Apartment Hotel
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Clean and comfortable room"
Roopalekha 4-night trip
Posted 3 days ago
Alva Hotel Brautarholt
Guesthouse Sunna

Guesthouse Sunna

10/10 Excellent
"The location is great, right outside the church and close to everything."
Shirley 2-night trip
Posted 4 days ago
Guesthouse Sunna
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"The location of the Arnarhvoll Center Hotel was great for my convention at the Harpa Concert Hall, just across the street. Also just across from bus stop #5, where all the tour buses and the airport Flybus stop. A wonderful view of the harbour and surrounding mountains, especially from the 8th floor where they serve a delicious hot breakfast buffet, which was included in my Expedia package. There is a sauna and hot tub available too, in the basement, which was also included in my package by the hotel. The hotel is fully accessible. The room was very clean, although small, but comfortable enough with a wonderful bed, mini-fridge, and kettle on a small desk. Wide screen TV gets the BBC channels as well as local. The staff were all very pleasant, attentive and helpful. Only thing lacking was an on-site restaurant, but the main shopping street of Laugavegur is only 3 blocks away, with many restaurants. They have lockers for luggage storage if you arrive early or leave on a later flight, which is very handy. I'd stay again!"
Laura 7-night trip
Posted 5 days ago
Center Hotels Arnarhvoll

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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