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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, 1,035 reviews
Price from
US$117.07
1 night, 2 adults

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.

Y
Yunzhu
From
Netherlands
We arrived late with a self checkin, which works well, and supportive staffs helped us even in the late night.
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

Nordic Hostel

Reykjavík 101, Reykjavík

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

V
Van
From
Canada
Modern look, clean, organized and had luggage storage. Location was pretty good. Able to walk everywhere and even walked from the domestic airport to here. Staff was friendly and there were lots of bathrooms/showers available.
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 917 reviews
Price from
US$109.18
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...

S
Shin
From
France
Very cosy and comfy stay in Lara's Studio. Easy to get to town by public transport. We particularly loved the staff putting out complimentary snacks and drinks. Very thoughtful, and much-appreciated when reaching late. The staff also allowed us to borrow and then keep a book on Norse mythology, which was super cool !
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 161 reviews
Price from
US$244.11
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.

A
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

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 9.2
Superb - What previous guests thought, 137 reviews
Price from
US$498.61
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, 182 reviews
Price from
US$311.63
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, 133 reviews
Price from
US$476.80
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...

B
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

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, 157 reviews
Price from
US$290.86
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 8.9
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Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
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Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
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Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,213 reviews

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Scored out of 10, guest rating 8.5
Very good - What previous guests thought, 3,372 reviews

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Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 1,377 reviews

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Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,796 reviews

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Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,763 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 4,514 reviews

Popular with guests booking cheap hotels in Reykjavík

Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 6,824 reviews

Enjoy breakfast in Reykjavík and nearby

Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 553 reviews

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

From US$292.83 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 464 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$366.04 per night
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 858 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$311.68 per night
Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 2,740 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$162.17 per night

Exeter Hotel

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 2,712 reviews

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

From US$199.68 per night

ALVA Apartments

Reykjavík
Breakfast options
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 725 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.

Scored out of 10, guest rating 8.9
Fabulous - What previous guests thought, 517 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$246.98 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 3,213 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$222.91 per night

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

Scored out of 10, guest rating 8.2
Very good - What previous guests thought, 296 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$300.50 per night
Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 22 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$168.84 per night
Scored out of 10, guest rating 8.4
Very good - What previous guests thought, 1,719 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$191.86 per night
Scored out of 10, guest rating 9.2
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$328.95 per night
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 782 reviews

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

Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 267 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$356.42 per night
Scored out of 10, guest rating 8.0
Very good - What previous guests thought, 1,152 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$181.79 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 6 reviews

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

From US$243.54 per night

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, 27 reviews

Cozy Studio in Reykjavik is situated in the Reykjavík 101 district of Reykjavík, less than 1 km from Solfar Sun Voyager, 3.3 km from The Pearl and 48 km from Blue Lagoon.

From US$212.37 per night
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 2 reviews

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$437.44 per night
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 340 reviews

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

From US$208.33 per night
Scored out of 10, guest rating 8.6
Fabulous - What previous guests thought, 1,152 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$147.16 per night
Scored out of 10, guest rating 7.9
Good - What previous guests thought, 359 reviews

Odinn Apartments is situated in Reykjavík, 300 metres from Hallgrímskirkja Church and 700 metres from Harpa Concert Hall & Conference Centre.

From US$432.83 per night
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 20 reviews

Situated 500 metres from Hallgrímskirkja Church and 600 metres from Solfar Sun Voyager in the centre of Reykjavík, Luxury penthous - 3 BR - 2 Bath - FreeParking - Downtown features accommodation with...

Scored out of 10, guest rating 8.3
Very good - What previous guests thought, 1,301 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$214.10 per night
Scored out of 10, guest rating 8.8
Fabulous - What previous guests thought, 359 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$311.63 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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Avg. price/night: US$180.63
Scored out of 10, guest rating 8.7
Fabulous - What previous guests thought, 907 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$111.32
Scored out of 10, guest rating 8.1
Very good - What previous guests thought, 3,796 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