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.

E
Elsabe
From
South Africa
Very clean, beautiful modern interior, clean bathrooms
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 844 reviews
Price from
US$120.23
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, 146 reviews
Price from
US$205.74
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.

J
Jose
From
France
Excellent place, clean, silent and near city centre.
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 121 reviews
Price from
US$399.87
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
andykadir
From
India
Great host, clean apartment and great amenities such as washing facilities etc
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 133 reviews
Price from
US$505.09
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.

J
Joana
From
Portugal
Very confortable and cozy apartment, with everything we needed for a nice stay in Reykjavik. Two nice and confortable bedroom and nicely equipped kitchen. Free and nice parking outside in front of the building. We totally recomend this place!
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 177 reviews
Price from
US$399.87
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.

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 9.1
Superb - What previous guests thought, 122 reviews
Price from
US$483
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$257.22
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.

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$294.64
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.

R
Rebecca
From
Australia
Great location, lovely flat, easy to make our way into town or out to see the country.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 307 reviews
Price from
US$188.46
1 night, 2 adults

Overlooking the city, bright & cozy - Free Parking (A2)

Reykjavík East, Reykjavík

Boasting garden views, Overlooking the city, bright & cozy - Free Parking (A2) features accommodation with a balcony, around 3.5 km from Solfar Sun Voyager.

C
Charmaine
From
Malta
The property is excellent and very comfortable, with great views. The owners were very helpful and met us before check-in to take our luggage. We did not get there by car, but there is lots of parking and a bus stop just outside the building. Supermarket and Skarfabakki cruise terminal are within walking distance.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 153 reviews
Price from
US$163.10
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 7.9
    Good - What previous guests thought, 3,380 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,471 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,584 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,462 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 3,823 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 5,051 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 4,577 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,613 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,892 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,782 reviews

Enjoy breakfast in Reykjavík and nearby

  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 476 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$415.04 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,755 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$387.62 per night
  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,811 reviews

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

    From US$329.71 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 3,205 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$305.65 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 1,285 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$408.64 per night
  • Hotel Frón

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 2,474 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.

  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 910 reviews

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

    From US$149.17 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 2,113 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$397.53 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, 289 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$341.76 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 29 reviews

    Set less than 1 km from Solfar Sun Voyager and a 12-minute walk from Hallgrímskirkja Church in the centre of Reykjavík, Harbour Lux 3BR & 2BA in the Heart of the City with Free Parking offers...

  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 18 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$214.06 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,706 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$208.66 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 589 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$544.26 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 274 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$329.71 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,185 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$252.66 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 704 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$295.81 per night

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

  • 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$701.05 per night
  • Scored out of 10, guest rating 8.6
    Fabulous - What previous guests thought, 1,155 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.

  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 528 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$385.11 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 347 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$420.91 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,240 reviews

    Just off the Laugavegur shopping street, Grettir Guesthouse Downtown Charm features self-service check-in. This property is a 5-minute walk from Hallgrimskirkja Church. Free WiFi is available.

  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 94 reviews

    Attractively situated in Reykjavík, Downtown Reykjavík Baldursbrá Holiday Home features express check-in and check-out and parking on-site.

  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 2,592 reviews

    All units at The Swan House by Heimaleiga feature a flat-screen TV, wooden floors and minimalist-style decor.

    From US$379.52 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 349 reviews

    Baldur Apartments features accommodation within less than 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with an oven, a microwave and a fridge.

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$215.60
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 879 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$167.20
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,247 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$159.82
    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,613 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