A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

Cheap Hotels & Resorts in Reykjavik from NZ$245

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Check availability on Reykjavik Cheap Hotels

Tonight
16 Aug - 17 Aug
Tomorrow
17 Aug - 18 Aug
Next weekend
21 Aug - 23 Aug
In two weeks
28 Aug - 30 Aug

Our top choices for Reykjavik cheap hotels

1. 201 Hotel

201 Hotel
Kópavogur
United States
Karen
NZ$254
includes taxes & fees
19 Aug - 20 Aug
201 Hotel

2. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Dan Donna
NZ$265
includes taxes & fees
24 Aug - 25 Aug
CityHub Reykjavik

3. City Center Hotel

City Center Hotel
Downtown Reykjavik
United States
Ara
NZ$371
includes taxes & fees
13 Sept - 14 Sept
City Center Hotel

4. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
Patricia
NZ$464
includes taxes & fees
9 Sept - 10 Sept
Reykjavik Lights by Keahotels

5. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Gustavo Londono
NZ$439
includes taxes & fees
14 Sept - 15 Sept
Hotel Von

6. Hotel Fron

Hotel Fron
Downtown Reykjavik
Canada
Nancy
NZ$335
includes taxes & fees
18 Aug - 19 Aug
Hotel Fron

7. Hotel Cabin

Hotel Cabin
Laugardalur
Canada
Eric
NZ$245
includes taxes & fees
31 Aug - 1 Sept
Hotel Cabin

8. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Eduardo
NZ$333
includes taxes & fees
17 Aug - 18 Aug
Alva Hotel Brautarholt

9. Hotel Ísland - Spa & Wellness Hotel

Hotel Ísland - Spa & Wellness Hotel
Háaleiti
United States
Corona
NZ$400
includes taxes & fees
7 Sept - 8 Sept
Hotel Ísland - Spa & Wellness Hotel

10. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United Kingdom
Peter
NZ$477
includes taxes & fees
8 Sept - 9 Sept
Konvin Hotel by Reykjavik Keflavik Airport
View all properties

Find out more about Reykjavik

Discover cheap things to do in Reykjavik

Reykjavik offers a wealth of experiences for budget-conscious travellers looking to explore without breaking the bank. Start your adventure at the iconic Hallgrímskirkja, where a modest fee grants you access to the tower's viewing platform, offering breathtaking panoramic views of the city and surrounding landscapes. A stroll through the vibrant Laugavegur shopping street not only delights with its unique boutiques but also provides a chance to sample affordable street food; try the famous hot dogs from Bæjarins Beztu Pylsur, a local favourite. Don't miss the beautiful Tjörnin pond, where you can enjoy a peaceful walk and watch the local birdlife, all completely free. For a bit of culture, the National Museum of Iceland has an entrance fee that's easy on the wallet, showcasing the country's fascinating history. When it comes to accommodation, consider staying in the trendy downtown area, where numerous budget hotels and hostels are just a stone's throw from these attractions, making it convenient to explore on foot. This area is filled with charming cafes and restaurants, perfect for sampling local delicacies at reasonable prices, ensuring your family enjoys the best of Reykjavik without overspending.

Find the best cheap hotels in Reykjavik

For budget-conscious travellers visiting Reykjavik, these fantastic hotels offer excellent value without compromising on comfort or amenities. Each option ensures a pleasant stay while keeping costs down.Guesthouse Sunna

  • Why it's great for a budget-friendly vacation: With an excellent traveler review rating of 9.2, Guesthouse Sunna is an excellent budget-friendly option for visitors to Reykjavik. The hotel features free Wi-Fi, self-parking, and nearby parking options, ensuring travelers can explore the city with ease without worrying about additional costs.
  • Other amenities: This guesthouse offers shared kitchen facilities, allowing travelers to prepare their own meals, while daily housekeeping contributes to a comfortable stay. Rooms are equipped with essential amenities, including microwaves and refrigerators. Additionally, rollaway beds are available at no charge, catering to diverse traveler needs.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0.5 km, Hallgrimskirkja - 0.1 km, Reykjavik Free Church - 0.7 km

Rey Apartments

  • Why it's great for a budget-friendly vacation: Rey Apartments is a superb choice for budget travellers with a traveler review rating of 9.2, providing essential amenities at an affordable price. The hotel offers free Wi-Fi and a 24-hour airport shuttle, making it convenient for both arrivals and departures.
  • Other amenities: Guests can enjoy well-equipped rooms featuring kitchenettes, ovens, and refrigerators, perfect for those who prefer self-catering. Additional conveniences include a concierge service and the option for free street parking. Nearby locations provide opportunities for hiking and biking, ensuring travelers can explore the natural beauty of Iceland.
  • Neighborhood: Downtown Reykjavik
  • Nearby attractions: Laugavegur - 0 km, Hallgrimskirkja - 0.5 km, Reykjavik Free Church - 0.6 km

Top Reykjavik Hotel Reviews

Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"This was a great hotel with helpful staff and clean rooms. It is also a great location for any bus trip you have booked. Harpa bus stop 5 is right across the street."
Amy 2-night trip
Posted 6 hours ago
Center Hotels Arnarhvoll
Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Clean room , great location"
Neel 1-night trip
Posted 8 hours ago
Alda Hotel Reykjavik
Fosshotel Reykjavik

Fosshotel Reykjavik

10/10 Excellent
"Great room. Very clean with nice bathroom. Beds were very comfortable."
David 1-night trip
Posted 14 hours ago
Fosshotel Reykjavik
Fosshotel Lind

Fosshotel Lind

8/10 Good
"The beds were comfortable and the room was very cleaned. Easy to get a taxi and only a few minutes ride to the church and city center. Room was on the smaller side. The drains in the bathroom took a long time to drain. Notified the front desk and they told us that the drains always worked very slow. We flooded the hallway too! We would stay there again."
Janelle 1-night trip
Posted 14 hours ago
Fosshotel Lind
Hotel Reykjavík Grand

Hotel Reykjavík Grand

10/10 Excellent
"We had the family room and it was extremely spacious. Sofa bed in one room with little kitchenette and stove and microwave with tv and sitting area, and adjoining master bedroom also very spacious"
Kitty 1-night trip
Posted 17 hours ago
Hotel Reykjavík Grand
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"Good location. Staff was very helpful."
Mark 1-night trip
Posted 18 hours ago
Reykjavik Residence Apartment Hotel
Miðgarður by Center Hotels

Miðgarður by Center Hotels

8/10 Good
"The room was cleaned. Housekeeping only on request. Room was very basic, nothing like the 4 stars in other countries. Staff at the front desk were helpful and friendly. Breakfast was very basic. We had dinner in the restaurant on the day we arrived. It was 9pm, kitchen was about to close and they still served us. We enjoyed the meal."
Stephen 3-night trip
Posted 1 day ago
Miðgarður by Center Hotels
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Hotel was easy to gain access and met our needs for the evening. Room was very clean and updated."
Gregory 1-night trip
Posted 6 days ago
Alva Hotel Brautarholt

Frequently asked questions

What is Reykjavik like for travellers on a budget?
Reykjavik offers cheap accommodation options and a range of things to see and do, making it a great holiday choice for budget-conscious travellers. In addition to its well-known attractions such as Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and a restaurant. Other good options for your budget-friendly stay include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 14 hotels in Reykjavik that are ideal if you are watching your pennies.
When is the best time for a budget trip to Reykjavik?
Weather is probably a major factor when you plan your trip to Reykjavik, but bear in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August, with an average temperature of 10°C, while the coldest months are December and January, with an average of 0°C. Average annual precipitation for Reykjavik is 1281 mm.
What is there to see and do in Reykjavik?
Reykjavik attracts visitors with its top museums and abundant cafes, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions that interest you most, such as Reykjavik Harbour, and then look for sights and activities that cost little or nothing at all. If you're looking to enjoy the area's natural beauty, you can get outdoors at Reykjavik Pond, Nautholsvik Geothermal Beach or Oskjuhlid Hill.
How can I get to Reykjavik and get around on a budget?
Scoping out the transportation options in Reykjavik is a smart way to keep your trip affordable. The nearest airport is 1.2 mi (2 km) from the centre in Reykjavik (RKV-Reykjavik Domestic). However, if that doesn't suit your budget, you can look into flights to Keflavik International Airport (KEF), which is 23.2 mi (37.3 km) away. Reykjavik might not have many public transport choices so renting a car could be a reasonable alternative to see more of the area.

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