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 13 - Oct 14
Tomorrow
Oct 14 - Oct 15
This weekend
Oct 16 - Oct 18
Next weekend
Oct 23 - Oct 25

Our top choices for Reykjavik cheap hotels

A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A wine cellar with wooden shelves and a bench.
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.

1. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paulo
NT$5,112
NT$5,883 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 dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.

2. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
NT$2,273
NT$2,731 total
includes taxes & fees
Nov 10 - Nov 11
Old Town Reykjavik
Bar (on property)
Exterior
Bar (on property)
Room

3. KEX Hotel and Hostel Reykjavik

KEX Hotel and Hostel Reykjavik
Downtown Reykjavik
United States
Alex
NT$3,181
NT$3,739 total
includes taxes & fees
Nov 8 - Nov 9
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 parking lot with several cars and a building with multiple windows.
A spacious indoor seating area with leather couches and chairs, large windows offering a view of the street outside.
A modern kitchen with wooden cabinets, a black sink, and a microwave.

4. Bus Hostel Reykjavik

Bus Hostel Reykjavik
Hlíðar
United States
Deborah
NT$3,023
NT$3,630 total
includes taxes & fees
Oct 29 - Oct 30
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 staircase with a golden handrail, a large ornate mirror, and a painting on the wall.
A spacious room with large windows, a television, and a wall decorated with musical instruments.

5. Hostel B47

Hostel B47
Downtown Reykjavik
United States
Thomas
NT$2,868
NT$3,392 total
includes taxes & fees
Nov 13 - Nov 14
Hostel B47
A building with multiple windows and a flat roof, under a night sky with green aurora lights.
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.
A compact kitchen with a white table and chairs, a microwave, a toaster, and a sink.

6. Hostel Fjordur

Hostel Fjordur
Hafnarfjörður
United States
Kanchan
NT$2,688
NT$3,192 total
includes taxes & fees
Nov 10 - Nov 11
Hostel Fjordur
A two-story house with a snow-covered roof and a white picket fence.
A staircase with white balusters and a white handrail, leading to a door with a brass doorknob.
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.

7. Refurinn Reykjavik Guesthouse - Hostel

Refurinn Reykjavik Guesthouse - Hostel
Vesturbær
United States
Justina
NT$3,550
NT$4,149 total
includes taxes & fees
Oct 27 - Oct 28
Refurinn Reykjavik Guesthouse - Hostel
A buffet with various food items and beverages.
A kiosk with various snacks and drinks, including chips, pasta, noodles, and beverages, displayed on a chalkboard wall.
A modern building with the sign "START" on the facade, featuring a flat roof and large windows.
A reception area with a check-in counter, a wall clock, and a flag.

8. Start Hostel

Start Hostel
Reykjanesbær
Canada
Jessica
NT$4,144
NT$4,808 total
includes taxes & fees
Nov 1 - Nov 2
Start Hostel
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 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$4,433
NT$5,129 total
includes taxes & fees
Oct 18 - Oct 19
ASTIN ER SVARID HOSTEL
A restaurant interior with high ceilings, hanging plants, and a bar area.
A high-ceilinged room with a metal railing, a hanging light fixture, and a window with curtains.
A cozy indoor area with a bookshelf displaying travel books, a seating area with tables and chairs, and a decorative hanging plant.
A person in a kitchen holding a plate.

10. Nordic Hostel

Nordic Hostel
Downtown Reykjavik
United States
brianna
NT$12,035
NT$13,568 total
includes taxes & fees
Nov 3 - Nov 4
Nordic Hostel
View all properties

Top Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

8/10 Good
"Great location in central Reykjavik for amenities. A bit of a walk from reception to whichever building you are in. No drama. Rooms well equipped and comfortable. All you need."
Mark 4-night trip
Posted 3 hours ago
Reykjavik Residence Apartment Hotel
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Location is 10 minute walk from the center. There is new staff no check-in that was surprising at first. Otherwise a clean safe enjoyable stay . Bed was very comfortable."
Chris 2-night trip
Posted 15 hours ago
Alva Hotel Brautarholt
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"Need a USB plug in to charge our phones"
GEORGE 4-night trip
Posted 2 days ago
Hotel Reykjavík Grand
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Breakfast was excellent, staff very helpful, located close to restaurants."
Carron 1-night trip
Posted 2 days ago
Fosshotel Reykjavik
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Excellent location and very helpful staff."
Marilyn 3-night trip
Posted 2 days ago
Center Hotels Plaza
Hotel Odinsve

Hotel Odinsve

10/10 Excellent
"The hotel is right in the center of downtown. We were able to walk to pretty much everything. The bus stop for tours is just 5 min walk away. The bed was comfortable, staff was very nice and breakfast provided with your stay is just perfect. The restaurant is also convient for dinner w great food. The rooms are a good size for 2 people w a king bed. The bathroom is a little small but nothing that bothered us. Hairdryer provided , towels, and nice heater to beat the chill. There is no ac or refrigerator in case you require one."
Glenn 6-night trip
Posted 3 days ago
Hotel Odinsve

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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