The 10 best cheap hotels in Reykjavík, Iceland | Booking.com
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Cheap hotels in Reykjavík

Find the cheap hotels that appeal to you the most

The best cheap hotels in Reykjavík

Check out our pick of great cheap hotels in Reykjavík

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Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in the centre of Reykjavík, and provides a shared lounge, free WiFi and a bar.

B
Barbora
From
Czech Republic
Very nice place, comfortable bed, private curtain, beautiful bar and kitchen, beautiful bathrooms. Very safe. I fully recomand!
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 876 reviews
Price from
US$133.45
1 night, 2 adults

Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side

Reykjavík East, Reykjavík

Situated in Reykjavík and only 4.5 km from The Pearl, Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side features...

A
Anneka
From
United Kingdom
Amenities were fantastic - the host was friendly and greeted us as we arrived - she had thought of everything and we loved the Christmas bauble gift and slice of chocolate cake on arrival! The apartment was in a good location for getting to Perlan for New Year's eve and was close to a good bakery and it seemed like a lovely quiet and safe neighbourhood. Parking was easy, plenty of towels, the apartment was warm and we liked the thoughtful additions like bath robes, slippers, vanity kits, combs, "beard shampoo", molton brown handwash, shampoo and conditioner, toothbrushes and toothpaste and a selection of drinks in the fridge and food/condiments in case we wanted to cook etc and we had a lovely hot shower and comfy bed.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 153 reviews
Price from
US$246.69
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.3 km from Solfar Sun Voyager, Iceland SJF Apartments - 201 offers air-conditioned accommodation with a balcony and free WiFi.

P
Peter
From
Faroe Islands
A lovely and well equipped clean and tidy apartment with all what you need for a comfortable stay. Free parking also a big plus!!
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 125 reviews
Price from
US$398.91
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

A recently renovated apartment set in the Reykjavík East district of Reykjavík, Iceland SJF Apartments - 503 offers accommodation with with a garden, parking on-site and free WiFi.

A
Alison
From
United Kingdom
Lovely, well equipped, comfortable, modern apartment in good location easily walkable to central Reykjavik and main attractions. Easy to access the apartment with instructions from the host, who responded very promptly to our questions and we were able to access the apartment by lunchtime on arrival day which was really helpful. Nice balcony which gets the sun - we were able to sit outside in mid September. Free parking on the street outside.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 133 reviews
Price from
US$503.88
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 401 features air-conditioned accommodation with a balcony and free WiFi.

M
Murphy
From
Canada
Great location, clean and good value for money. The apartment was modern and very tidy with a private balcony and comfortable beds. Would definitely recommend and would stay again. Very convenient car park underground with lift access to building.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
US$398.91
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Ideally set right in the centre of Reykjavík, Lundur Apartments - Down Town is a recently renovated apartment, featuring free WiFi and private parking.

G
GiuliaFnn
From
Italy
The apartment is huge, beautifully furnished, fully equipped and in the pedestrian area. The private parking is really useful. We would definitely book again
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 129 reviews
Price from
US$481.84
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

2.8 km from Nauthólsvík Geothermal Beach, Center Apartments - Esja is situated in Reykjavík and features air-conditioned rooms with free WiFi. Guests staying at this apartment have access to a...

D
Dreadnought
From
United States
Full grocery store only a quick 3 minute walk away
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 250 reviews
Price from
US$326.59
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Center apartments - Hekla features air-conditioned accommodation with a balcony and free WiFi.

O
Olessia
From
Canada
Very comfortable space, everything you need is provided.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 152 reviews
Price from
US$293.93
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

Offering city views, B 18-20 Apartments is set in the Reykjavík East district of Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager.

J
José
From
Portugal
Very comfortable apartment next to city centre, perfect to start or end your Ring Road trip.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 315 reviews
Price from
US$292.88
1 night, 2 adults

Beautiful flat in downtown Reykjavík with a veiw

Reykjavík East, Reykjavík

Beautiful flat in downtown Reykjavík with a veiw is located in the Reykjavík East district of Reykjavík, 1 km from Solfar Sun Voyager, less than 1 km from Hallgrímskirkja Church and 2 km from The...

H
Hans
From
Germany
Good explantion of how to get in. Everything was as advertised. The appartement was clean and tidy.
Scored out of 10, guest rating 9.9
Exceptional - What previous guests thought, 151 reviews
Price from
US$240.92
1 night, 2 adults
All cheap hotels in Reykjavík

Looking for a cheap hotel?

For those on a budget, these cheap and cheerful hotels still have a lot to offer, with most offering WiFi and convenient locations. Popular with backpackers, many properties can be found in central locations and include comfortable rooms with private or shared bathrooms. You’ll also find a number of options which feature a 24-hour front desk and luggage storage.

Most booked cheap hotels in Reykjavík and surroundings in the past month

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  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.2
    Very good - What previous guests thought, 1,982 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,443 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,587 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,434 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 3,833 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 5,065 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,676 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 4,571 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,901 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,770 reviews

Stay connected in Reykjavík and nearby. Cheap hotels with free WiFi

  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 540 reviews

    Iceland Parliament Hotel, Curio Collection By Hilton features a fitness centre, shared lounge, a restaurant and bar in Reykjavík.

    From US$323.73 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 472 reviews

    This hotel is located about 5 minutes' walk from Harpa Concert Hall. Reykjavik Konsulat Hotel, Curio Collection By Hilton in Reykjavík features a bath house and complimentary fitness centre.

    From US$317.38 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 817 reviews

    Hotel Reykjavík Saga features a fitness centre, garden, a terrace and restaurant in Reykjavík. With free WiFi, this 4-star hotel offers room service and a 24-hour front desk.

    From US$439.03 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 292 reviews

    Located in the centre of Reykjavík, Day Dream Historical Grjótagata 4 provides rooms with free WiFi. The property has garden and city views, and is 1.2 km from Hallgrímskirkja Church.

    From US$329.45 per night
  • Scored out of 10, guest rating 9.3
    Superb - What previous guests thought, 38 reviews

    In the centre of Reykjavík, Unbeatable Central Location - Reykjavíks Most Exclusive Luxury Apartments provides rooms with free WiFi.

  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 20 reviews

    Reykjavík Rainbow Guesthouse, a property with a terrace, is located in Reykjavík, 3.3 km from The Pearl, 700 metres from Harpa Concert Hall & Conference Centre, as well as less than 1 km from...

    From US$202.81 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,714 reviews

    Featuring a lounge, bar and a rooftop terrace with a city view, this eco-hostel is just a few steps away from Laugavegur, Reykjavík's main social hub.

    From US$198.87 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 594 reviews

    These luxury apartments in central Reykjavik are just 350 metres from Old Reykjavik Harbour. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

    From US$409.99 per night

Great access to the city centre. Check these cheap hotels in Reykjavík and nearby

  • Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 785 reviews

    Situated minutes away from the city lake in central Reykjavík, Castle House Luxury Apartments is located next to the National Gallery of Iceland.

    From US$183.50 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,744 reviews

    Newly renovated during the spring of 2023, Hotel Local 101 is an independent hotel quietly tucked away in the heart of downtown Reykjavik, on a charming street made up of classical Icelandic homes.

    From US$195.37 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 270 reviews

    Located within 700 metres of Hallgrímskirkja Church and less than 1 km of Solfar Sun Voyager in the centre of Reykjavík, Odinn Reykjavik Skolavordustigur Apartments provides accommodation with free...

  • Scored out of 10, guest rating 9.8
    Exceptional - What previous guests thought, 5 reviews

    In the Reykjavík 101 district of Reykjavík, close to Hallgrímskirkja Church, Vesturgata - One Bedroom Apartment Near Harbour features free WiFi and a washing machine.

  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,183 reviews

    Set within 1.4 km of Hallgrímskirkja Church and 1.3 km of Solfar Sun Voyager in Reykjavík, Day Dream Vesturgata 17 Reykjavik offers accommodation with seating area.

    From US$236.20 per night
  • Exeter Hotel

    Reykjavík
    Central location
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,784 reviews

    This contemporary design hotel is set in Reykjavík's Old Harbour area, 500 metres from Harpa Concert Hall & Conference Centre.

    From US$270.60 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 709 reviews

    ALVA Apartments offers accommodation within 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a toaster.

    From US$220.45 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 5 reviews

    Situated in Reykjavík, 1.3 km from Hallgrímskirkja Church, Ranargata Apartments by Heimaleiga features rooms with city views and free WiFi.

    From US$301.22 per night

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 526 reviews

    Located just a 2-minute walk from Laugavegur Shopping Street, Canopy by Hilton Reykjavik City Centre in Reykjavík boasts a number of amenities including a fitness centre and a bar.

    From US$330.78 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 3,212 reviews

    Set in the popular 101 harbour district of Berjaya Reykjavik Marina Hotel offers free Wi-Fi access. All rooms include a flat-screen TV and either city or harbor views.

    From US$257.75 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,297 reviews

    Hotel Odinsve is 400 metres from Laekjartorg Square in central Reykjavik. It offers free Wi-Fi internet. All rooms have satellite TV, hardwood floors and a tea/coffee maker.

    From US$251.36 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 2,098 reviews

    Offering city views, Vintage Apartment Hotel is set along Laugavegur Shopping Street in Reykjavík. Hallgrímskirkja Church is 300 metres away. The accommodation has a flat-screen TV.

    From US$297.43 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,234 reviews

    Located in the calm Thingholt neighbourhood, this family-owned guest house is in Reykjavik is just 450 metres from the shopping Laugavegur Street.

    From US$143.47 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 489 reviews

    Day Dream L23 Guesthouse features accommodation within 800 metres of the centre of Reykjavík, with free WiFi, and a kitchenette with a microwave, a fridge and a stovetop.

    From US$219.28 per night
  • Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 1,462 reviews

    Located on Laugavegur shopping street in central Reykjavik, this hotel offers rooms with a flat-screen TV and free WiFi access. Hallgrimskirkja Church is a 5-minute walk away.

    From US$257.75 per night
  • Hotel Vera

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.2
    Very good - What previous guests thought, 1,353 reviews

    Ideally set in the Reykjavík 101 district of Reykjavík, Hotel Vera is situated 500 metres from Hallgrímskirkja Church, 600 metres from Solfar Sun Voyager and 2.5 km from The Pearl.

    From US$194.79 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$186.74
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 887 reviews
    Brilliant location close to Reykjavik!! There is a supermarket around the corner which is one of the cheaper ones in Iceland. Apartment was spotless with brilliant facilities including a kitchen we cooked 3 main meals in and had good facilities to do this. I would 1000% recommend this apartment complex to anyone visiting Reykjavik. We were even lucky enough to see the Northern lights from our balcony! It has everything you need and nothing seemed too much to ask. Thank you so much for having us!
    Guest review by
    chloe
    Young couple
  • Avg. price/night: US$143.47
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,234 reviews
    Very clean room, good quality typical Nordic breakfast, I liked the atmosphere of the whole place. Comfortable bed, and the room was big enough for a single room at a budget accommodation. Check in took just a few seconds, only to tell my name and then get the keys. I stayed for a whole week, using Reykjavik as a base for exploring western and southern Iceland. The price was very affordable considering how expensive accommodation is in general in Reykjavik.
    Guest review by
    Magnus.P
    Solo traveller
  • Avg. price/night: US$140.04
    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,676 reviews
    Location is quite OK - not far (on foot) from the BSI station and also from the city center - so ideal if you need to catch an early bus (like we needed), and of course - it's cheap. Showers/toilets were very clean.
    Guest review by
    Eva
    Group