The Best Cheap Hotels in Reykjavik from NT$4,237 in 2026

Check availability on Reykjavik Cheap Hotels

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Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

Downtown Reykjavik

Ingrid

NT$5,909 total

includes taxes & fees

Aug 19 - Aug 20

2. Aska Hraun

Hafnarfjörður

Guiyong

NT$5,868 total

includes taxes & fees

Sep 1 - Sep 2

3. Hotel Viking

Hafnarfjordur

Brandy

NT$6,521 total

includes taxes & fees

Sep 2 - Sep 3

Superior Double or Twin Room, Mountain View | View from room

4. Hotel Cabin

Laugardalur

Sharon

NT$5,013 total

includes taxes & fees

Aug 24 - Aug 25

5. Old Town Reykjavik

Downtown Reykjavik

FM

NT$4,982 total

includes taxes & fees

Aug 31 - Sep 1

In-room safe, desk, laptop workspace, iron/ironing board (on request)

6. Reykjavik Marina - Berjaya Iceland Hotels

Vesturbær

Deborah

NT$8,274 total

includes taxes & fees

Sep 3 - Sep 4

Standard Triple Room, 3 Twin Beds, Balcony, Sea View | Balcony view

7. 101 Guesthouse Hotel

Tún

Jedidiah

NT$4,237 total

includes taxes & fees

Sep 2 - Sep 3

8. 201 Hotel

Kópavogur

Karen

NT$6,459 total

includes taxes & fees

Aug 18 - Aug 19

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Top Reykjavik Hotel Reviews

Center Hotels Plaza

10/10 Excellent

"Simple, clean, and comfortable room. Great location to the center of Reykjavik. Friendly and professional staff. Very nice breakfast buffet. Excellent value!"

Fosshotel Reykjavik

10/10 Excellent

"My wife and I were very happy with our stay. The hotel had a good location, the staff was most helpful and the facility was well maintained. We especially liked the breakfast bar. It was truly excellent. The food quality and variety of selections were great. I wish I could remember name but I think he was Polish. He was especially helpful recommending a restaurant for dinner. This is the second Foss Hotel we have stayed in Europe. Both were excellent. You will be happy you booked a stay at this hotel."

Miðgarður by Center Hotels

10/10 Excellent

"Greatvplace to stay. The room on the 5th floor have a great view, and had all in-room amenities one would expect. The front desk staff in particular was super friendly and helpful. Due to big tour groups breakfast was a little crowded, but the staft still managed to refill everything expediently. One observation to note is that the hotel, although sounding icelandic, is internationally staffed. So stick to the front desk for questions.."

Center Hotels Arnarhvoll

10/10 Excellent

"Our deluxe room was good and we slept well. We had a view of the Harpa and marina across the street. It was easy to leave our luggage before the checkin time, and after checkout time. Glad we had breakfast buffet included - a good way to start the day. Good hotel for one night but deluxe room had not much space to unpack. Caveats: this is a box-shaped hotel near downtown. I saw the photo from the rooftop deck and thought it had more outdoor space and was more remote, but no. Also we booked this hotel because our room offered a “free spa treatment” for each person, but at the hotel we learned that’s only for the most expensive room. And the “free drink” offer was only house wine, beer and soda - not their beautiful cocktails."

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, Hotel Von is a popular hotel for our travelers who want a more economical choice, and features free WiFi and a restaurant. Other options for your budget-friendly stay include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.

How many inexpensive hotels will I find in Reykjavik?

Expedia has 14 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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Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

2. Aska Hraun

3. Hotel Viking

4. Hotel Cabin

5. Old Town Reykjavik

6. Reykjavik Marina - Berjaya Iceland Hotels

7. 101 Guesthouse Hotel

8. 201 Hotel

9. Hotel Fron

10. Guesthouse Aurora

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Fosshotel Reykjavik

Miðgarður by Center Hotels

Alva Hotel Brautarholt

Center Hotels Arnarhvoll

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. CityHub Reykjavik

2. Aska Hraun

3. Hotel Viking

4. Hotel Cabin

5. Old Town Reykjavik

6. Reykjavik Marina - Berjaya Iceland Hotels

7. 101 Guesthouse Hotel

8. 201 Hotel

9. Hotel Fron

10. Guesthouse Aurora

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Frequently asked questions

Explore a world of travel with Expedia