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

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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.

V
Viktoriia
From
Ukraine
The best hostel I've ever been! extremely clean, pleasant smell in bathrooms, high quality equipped kitchen, beautiful lounge zone, comfy beds! Super friendly and helpful staff. My stay there was amazing! 10 from 10
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 868 reviews
Price from
US$120.54
1 night, 2 adults
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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...

I
ILHYE
From
South Korea
At first, I chose a house with a washing machine because I was on a long trip and needed to do laundry. But I was pleasantly surprised to stay in such a wonderful house. The welcome cookies and a welcome letter written in Korean touched my heart. I also appreciated the thoughtful details throughout the house for the guests. It was great to stay warm and comfortable in cold Iceland. If I visit Iceland again, I would love to stay here again.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 150 reviews
Price from
US$248.31
1 night, 2 adults
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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.

K
Kristina
From
Croatia
The apartment was easy to find and there was free parking in front. The rooms were clean and there were all the amenities needed for our stay. There is a Bonus right around the corner, which made shopping for food easier. The host was wonderful, we wanted to watch some local TV station and in 5 minutes he was there to show them to us. Perfect location to go on a walk to the city, but also to for going on adventures outside of Reykjavik.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 124 reviews
Price from
US$401.53
1 night, 2 adults
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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.

m
medgya
From
Hungary
Brand new apartment for value price. Good location, 10 min walks to center. Free Nespresso, biscuits and perfect kitchen facilities. Beds are comfortable. The owner is helpful. Good for family travellers or friends.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 133 reviews
Price from
US$507.19
1 night, 2 adults
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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.

L
Lydia
From
Greece
Very modern and convenient appartment,close to the city centre.Many free parking spaces if you have a car.It looks just like the pictures.I suggest this place if you are staying in Reykjavik!
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
US$401.53
1 night, 2 adults
Check availability

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.

K
Kongjing
From
Belgium
The apartment is very clean and very comfortable. The kitchen is well equipped with quality utensils.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 126 reviews
Price from
US$485
1 night, 2 adults
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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$328.73
1 night, 2 adults
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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.

d
daikindes
From
Malaysia
We stayed two nights here on late November and made a very last minute reservation on the same day. But very satisfied with our decision. Location: it is not in the middle of the city but it is great because it has ample free parkings outside the building. It is very convenient for us to load and unload our big luggages and the building has a lift. We drove to the city and park few hours when sightseeing. It's a walkable distance but during winter it was just too cold for us. It has eateries and a Bonus supermarket next door. Owner/manager: fast response. We communicate through this app and get fast prompt response. Though we booked few hours before check in, the apartment is ready, clean and self check in instruction is clear and easy to understand, easy to access. The locals living there are also nice and friendly. Facilities: washer and dryer available in common space. However we can't comment on details because we didn't use it. We just dry our small items in the house on the heated drying racks. Kitchen facilities are good, managed to cook with ease and the owner also left some basic seasonings and maybe items from previous guests. I like that they didn't throw away perfectly good items. We're able to use it as well.👍 The apartment is cozy and homely. Would stay again for future visit and stayed even longer. Very comfortable, feel safe and in summer maybe we can use the big terrace. The owner cares about the details because the plates and bowls and the vases are the nice ones.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 152 reviews
Price from
US$295.86
1 night, 2 adults
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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.

L
Lukas
From
Slovakia
Everything was great as expected. Keys were available right after ariving to appartment.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 311 reviews
Price from
US$294.80
1 night, 2 adults
Check availability

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...

K
Kostas
From
Denmark
The apartment is located next to Hlemmur and has its own parking space which is a money saver for downtown Reykjavik! Ragnar is excellent in communication and very helpful with directions about the check in, wifi, etc. The apartment is fuly equiped with all amenities, including a washing machine and dryer for those who might want to pack lighter for such a trip :-) The balcony is super nice as well, and it there is aurora activity, you can simply experience it from there. :-) Can definitely recommend this to everyone and might book myself again in a future trip in Reykjavik!
Scored out of 10, guest rating 9.9
Exceptional - What previous guests thought, 151 reviews
Price from
US$242.50
1 night, 2 adults
Check availability
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, 1,972 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,459 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,581 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,450 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 3,828 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 5,063 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,651 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,566 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,910 reviews

  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,774 reviews

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 538 reviews

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

    From US$324.97 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 474 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$329.21 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 816 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$407.64 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,751 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$196.65 per night

  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,787 reviews

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

    From US$304.08 per night

  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 707 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$253.59 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 527 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$332.05 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 3,211 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$278.90 per night

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

  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 291 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$331.61 per night
  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 37 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 8.0
    Very good - What previous guests thought, 294 reviews

    Berg Apartments features accommodation within 1.1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a microwave.

    From US$340.47 per night
  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 19 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$204.14 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,710 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$199.58 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 591 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$412.68 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 272 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.

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

  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,182 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$237.75 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$331.73 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 1 review

    Spacious 3Bedroom Apartment on Rainbow Street in Reykjavík offers accommodation with free WiFi, 500 metres from Hallgrímskirkja Church, 2.8 km from The Pearl and 49 km from Blue Lagoon.

    From US$552.74 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 337 reviews

    Next Apartment Bergstadastræti offers modern, self-catering accommodation 200 metres from Laugavegur shopping street, in central Reykjavík. WiFi is free.

    From US$245.38 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 1,147 reviews

    Well situated in the Vesturbær district of Reykjavík, Refurinn Reykjavik Guesthouse is set 1.5 km from Hallgrímskirkja Church, 1.6 km from Solfar Sun Voyager and 3.6 km from The Pearl.

    From US$149.69 per night
  • Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 23 reviews

    In the Reykjavík 101 district of Reykjavík, close to Solfar Sun Voyager, Best location Downtown Reykjavik - Bergstaðastræti 33 has free WiFi and a washing machine.

    From US$409.19 per night
  • Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 1,293 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$256.53 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 349 reviews

    Set within 400 metres of Hallgrímskirkja Church and 700 metres of Solfar Sun Voyager in the centre of Reykjavík, Design apartments in the heart of Reykjavik offers accommodation with free WiFi and...

    From US$380.39 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • B18 Apartments

    Cheap hotel in Reykjavík
    Avg. price/night: US$205.93
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 882 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

  • Guesthouse Aurora

    Cheap hotel in Reykjavík
    Avg. price/night: US$144.41
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,235 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

  • Bus Hostel Reykjavik

    Cheap hotel in Reykjavík
    Avg. price/night: US$160.20
    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,651 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

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Hotels in Reykjavík

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Romantic Hotels in Reykjavík

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Hotels near Reykjavík Keflavík Airport

Perfect for a late arrival or early departure.

Hotels near Blue Lagoon

Hotels close to a popular local landmark.