The 10 best cheap hotels in Reykjavík, Iceland

The best cheap hotels in Reykjavík

Check out our pick of great cheap hotels in Reykjavík

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CityHub Reykjavik

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

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, 1,035 reviews

Price from

US$117.07

1 night, 2 adults

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Hotel Lotus

Hotel in Reykjavík East, Reykjavík

Set an 8-minute drive from central Reykjavik, this hotel offers free parking and brightly decorated rooms with a flat-screen TV and free Wi-Fi access. Kringlan Shopping Centre is 1 km away.

Carolina

From

Sweden

Perfect stay in Reykjavik, feels like a hidden gem. Although location is a bit outside the city centre is still an easy walk or drive plus there is free parking at the hotel which is a big bonus! Bed and pillows were amazing, most comfortable we had during our whole road trip in Iceland. Rooms were also quiet and soundproof, so slept really well. Breakfast was delicious and staff were extremely friendly. Would definitely come back again!

Scored out of 10, guest rating 9.0

Superb - What previous guests thought, 1,366 reviews

Price from

US$236.61

1 night, 2 adults

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Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in Reykjavík, and features a shared lounge, free WiFi and a bar.

Germante

From

Lithuania

The hostel was amazing. Everything is newly furnished, neat, clean. The location of the hostel is very good - close to all the main bus stops, as well as the airport bus station, and the city center can be reached in a few minutes. The staff is incredible. Best wishes from Lithuania to Federiko and my friend Moxy bear! :D

Scored out of 10, guest rating 9.3

Superb - What previous guests thought, 917 reviews

Price from

US$109.18

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...

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, 161 reviews

Price from

US$244.11

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.

Andrejs

From

Ireland

Spacious, modern, very clean. Very warm.

Scored out of 10, guest rating 9.5

Exceptional - What previous guests thought, 130 reviews

Price from

US$290.86

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.

Inge

From

Netherlands

We want to thank you for a very lovely stay in Reijkjavik. We really enjoyed the appartment. We think it is one of the best places we have ever stayed! The communication was fantastic and everything was clean and well equiped. Location was also perfect.Thank you so much and hopefully we can come back another time. 10 out of 10!!!

Scored out of 10, guest rating 9.2

Superb - What previous guests thought, 137 reviews

Price from

US$498.61

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.

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, 182 reviews

Price from

US$311.63

1 night, 2 adults

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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.

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, 133 reviews

Price from

US$476.80

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...

Belen

From

Spain

Everything in the appartment was very clean and we had everything me needed. The host was amazing

Scored out of 10, guest rating 9.0

Superb - What previous guests thought, 253 reviews

Price from

US$323.18

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.

Ulrika

From

Australia

The apartment was really well equipped, very clean and practical and easily slept 4

Scored out of 10, guest rating 9.2

Superb - What previous guests thought, 157 reviews

Price from

US$290.86

1 night, 2 adults

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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.

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