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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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

Central Location: CityHub Reykjavik is situated in the city centre of Reykjavík, offering easy access to key attractions.

A
Adriana
From
Brazil
We stayed at CityHub Reykjavik in May 2025 and absolutely loved everything about it. The concept is modern, comfortable, and super practical. The location is excellent, the common areas are cozy and well-designed, and the self-check-in process was smooth and easy. A special thank you to the staff for the lovely birthday surprise they prepared in the room for my husband — it was such a thoughtful touch and made our stay even more memorable! There’s really nothing negative to mention. I would definitely recommend CityHub to anyone visiting Reykjavik, especially couples and travelers who appreciate style, comfort, and a unique hotel experience.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 975 reviews
Price from
US$119.26
1 night, 2 adults

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.

R
Richard Scott
From
Iceland
This is probably the best hostel in Iceland. Amazing friendly staff, clean, cosy, and comfortable. They truly elevate the quality and standards, and the slight higher price is totally justified. The vibes, the location, the extra privacy provided in the pods, the comfort of the matresses, free towel, free big lockers, complimentary body wash, and shampoo. Great experience.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 881 reviews
Price from
US$132.27
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...

j
jerome
From
Germany
Loved how cozy it was. Absolutely beautiful place for me and my wife to stay.
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 156 reviews
Price from
US$244.52
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.

D
Daniel Jacob
From
Denmark
Amazing apartment in Reykjavik. It have a lot of space and good kitchen. Central placement. I would recommend this place for everybody.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 127 reviews
Price from
US$395.39
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.

f
farah
From
Italy
The flat was super comfy and everything smelled new and luxurious. The kitchen is fully equipped, really everything was there to make us feel at home, despite our 2 days short stay. The flat was easy to access, the view to the ocean was nice, and the light was bright. We were lucky enough to have a sunny day, which allowed us to enjoy lunch on the Terrasse. The bed had a fantastic mattress and cushions. The location holds easy parking just under the building, with a short walk to the city centre. Highly recommended.
Scored out of 10, guest rating 9.4
Superb - What previous guests thought, 135 reviews
Price from
US$499.44
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.

A
Ainara Etxegia
From
Spain
Etxea zoragarria da, ia estrenaitu dugu. Erosoa, garbia, polita, detaile guztiak zainduta. Inguruko prezioak ikusita, benetan merezi du. Zentrotik 15 bat minutura, gertu eta lasai. Comfortable and clean. Near the center. Good location and amazing apartment. I would really recomend it.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 180 reviews
Price from
US$395.39
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.

C
Chin Yin
From
Malaysia
Beautiful apartment with full facilities. Definitely recommending to others
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 130 reviews
Price from
US$477.58
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...

C
Cronje
From
Netherlands
Great location, free parking as well
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 250 reviews
Price from
US$323.71
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.

R
Richard
From
United Kingdom
Perfect location, walking distance to the centre, market and excellent restaurant nearby, cosy, clean, perfectly equipped and parking free nearby.
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 152 reviews
Price from
US$291.34
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.

E
Edward
From
Ireland
Great location. Short walk into middle of city. Quiet location and a nice bar and restaurant across from building.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 317 reviews
Price from
US$290.30
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

See all
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 1,979 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,430 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,571 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,417 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 8.0
    Very good - What previous guests thought, 5,056 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,703 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 4,557 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.2
    Very good - What previous guests thought, 6,879 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

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

  • Scored out of 10, guest rating 9.0
    Superb - What previous guests thought, 471 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$295.94 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 823 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$324.96 per night
  • Scored out of 10, guest rating 8.2
    Very good - What previous guests thought, 295 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$324.58 per night
  • 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$190.39 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,715 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$195.32 per night
  • Scored out of 10, guest rating 9.3
    Superb - What previous guests thought, 602 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$395.39 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,746 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$172.84 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 273 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...

    From US$554.35 per night

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

  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 660 reviews

    Set in Reykjavík city centre, these apartments have a full kitchen and a TV with DVD player. Wi-Fi is free. Hallgrímskirkja Church and Laugavegur shopping street are easily accessed.

  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,175 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$234.11 per night
  • Exeter Hotel

    Reykjavík
    Central location
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,771 reviews

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

    From US$223.13 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.

  • 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.

  • 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$147.40 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 524 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$337.05 per night
  • Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 18 reviews

    Located in the centre of Reykjavík, The Center of Downtown Reykjavík provides rooms with free WiFi. There is a private entrance at the apartment for the convenience of those who stay.

Enjoy breakfast in Reykjavík and nearby

  • 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$236.31 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,298 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$237.58 per night
  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 2,475 reviews

    Conveniently located on Laugavegur shopping street central Reykjavik, Hotel Frón offers free Wi-Fi and rooms and apartments with private bathrooms. All apartments include kitchen facilities.

    From US$178.04 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 2,081 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$294.81 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 497 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$220.47 per night
  • Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 1,455 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$251.64 per night
  • Hotel Vera

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.2
    Very good - What previous guests thought, 1,356 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$200.01 per night
  • Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,998 reviews

    Situated in Reykjavík and with Nauthólsvík Geothermal Beach reachable within 2.8 km, Center Hotels Laugavegur features concierge services, non-smoking rooms, a restaurant, free WiFi throughout the...

    From US$285.85 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$185.09
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 890 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$130.45
    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,703 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