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$192

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Check availability on Reykjavik Cheap Hotels

Tonight
30 Sept - 1 Oct
Tomorrow
1 Oct - 2 Oct
This weekend
2 Oct - 4 Oct
Next weekend
9 Oct - 11 Oct

Our top choices for Reykjavik cheap hotels

A hot tub with two people in it, surrounded by wooden decking and plants.
A staircase with a wall-mounted sign reading "HOT TUB" and a green abstract drawing.
A modern interior with a yellow sofa, white round tables, and pendant lighting.
A modern building with a 'City Hub' sign, large windows, and a neon geometric design.

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Patricia
NZ$192
includes taxes & fees
19 Oct - 20 Oct
CityHub Reykjavik
A modern bedroom with a large bed, a sofa, and a view of a ship through the windows.
A modern library with bookshelves, leather furniture, and a mix of seating areas.
A modern library with bookshelves, a leather sofa, a wooden table, and comfortable seating.
A bar area with shelves of liquor bottles, a cash register, and stools.

2. Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels
Vesturbær
United States
Glen
NZ$273
includes taxes & fees
18 Oct - 19 Oct
Reykjavik Marina - Berjaya Iceland Hotels
A hotel room with a bed, a small table with a bottle of wine, a glass, and a plate of grapes.
A modern bathroom with a marble bench, a round mirror, and a wall-mounted light fixture.
A modern kitchen with a flat-screen TV, a dining area with red chairs, and a large window with a city view.
A modern kitchen with a black countertop, red chairs, a large black TV, and a wine rack.

3. Arctic Comfort Hotel

Arctic Comfort Hotel
Háaleiti
Canada
Dawn
NZ$294
includes taxes & fees
28 Oct - 29 Oct
Arctic Comfort Hotel
A restaurant with wooden tables, green upholstered chairs, pendant lighting, and a large painting on the wall.
A bar area with a 'Bar' sign, shelves of liquor bottles, and hanging glasses.
A neatly made bed with two pillows, a bedside table with a phone, and a wall with vertical wooden slats.
A restaurant entrance with a sign reading "TAKE OFF BISTRO".

4. Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
Reykjanesbær
United States
Kerstin
NZ$263
includes taxes & fees
27 Oct - 28 Oct
Konvin Hotel by Reykjavik Keflavik Airport
A modern kitchen with a marble countertop, coffee machines, and a plant.
A building entrance with a large glass door, a potted plant with flowers, and a visible logo on the door.
A modern hotel room with a large bed, a desk, and a wooden side table.
A modern kitchen with wooden cabinets, a microwave, and a dishwasher. There is a dining area with a table and chairs.

5. ODDSSON Midtown Hotel

ODDSSON Midtown Hotel
Háaleiti
Canada
Lyndon
NZ$249
includes taxes & fees
26 Oct - 27 Oct
ODDSSON Midtown Hotel
A modern living room with a dark sofa, a round coffee table, and several potted plants.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.
A multi-story building with a yellow facade, white trim, and a central entrance.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.

6. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
NZ$209
includes taxes & fees
4 Oct - 5 Oct
Old Town Reykjavik
A modern spa area with a heated stone bath, seating, and a reception desk.
A modern lobby with a seating area, a bar, and a large window offering a view of the outside.
A silver bar with a decorative silver bucket holding several champagne bottles, surrounded by empty wine glasses.
A modern interior with a green wall, wooden tables, and chairs, and a large mirror.

7. Hotel Ísland - Spa & Wellness Hotel

Hotel Ísland - Spa & Wellness Hotel
Háaleiti
United States
Jason
NZ$300
includes taxes & fees
27 Oct - 28 Oct
Hotel Ísland - Spa & Wellness Hotel
A modern hotel room with a bed, breakfast table, and a TV.
A modern kitchen with a dining area, featuring a round table, chairs, and a hanging light fixture.
A modern kitchen with dark wood cabinets, a built-in microwave, and a dining area with a table and chairs.
A modern hotel room with a bed, a dining table with chairs, a TV, and a large window with curtains.

8. Strand Hotel Apartments

Strand Hotel Apartments
Hafnarfjörður
Canada
Shawn
NZ$287
includes taxes & fees
31 Oct - 1 Nov
Strand Hotel Apartments
A restaurant with wooden flooring, a bar area with bottles, and a view of the street.
A modern interior with a large window, a potted plant, and leather seating.
A wine cellar with wooden shelves and a bench.
A storefront with a glass door, potted plants, and a sign for a restaurant.

9. Hotel Von

Hotel Von
Downtown Reykjavik
United States
Paul
NZ$318
includes taxes & fees
28 Oct - 29 Oct
Hotel Von
A modern hotel lobby with a reception desk, wooden stools, and a wall art installation.
A restaurant with wooden tables and black chairs, a counter with a menu, and a television on the wall.
A wall with various metal sculptures and wooden elements, a grey sofa, and wooden stools.
A modern bedroom with a bed, a sofa, a chair, and a small table.

10. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Bozena
NZ$298
includes taxes & fees
14 Oct - 15 Oct
Hotel Fron
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

Alda Hotel Reykjavik

Alda Hotel Reykjavik

10/10 Excellent
"Excellent central location, helpful front desk staff for booking excursions & recommending restaurants & Starbucks on site."
Alma 1-night trip
Posted 6 hours ago
Alda Hotel Reykjavik
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Clean and comfortable room"
Roopalekha 4-night trip
Posted 7 hours ago
Alva Hotel Brautarholt
Fosshotel Reykjavik

Fosshotel Reykjavik

8/10 Good
"The location was very good both for an easy walk into old town as well as getting on the road to visit the sites."
JANET 3-night trip
Posted 10 hours ago
Fosshotel Reykjavik
Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"The staff was amazing and went beyond what we expected. We were confused about where the best stop so a young woman walked outside with us in the mist and pointed us to it and was happy to help. Breakfast was great and plentiful. I would highly recommend the hotel!"
Patty 1-night trip
Posted 11 hours ago
Miðgarður by Center Hotels
Center Hotels Plaza

Center Hotels Plaza

8/10 Good
"L'hotel est très bien situé au centre ville. Mais il est bruyant de l'intérieur : on entend à toute heure les clients à l'étage au dessus ,alors que les clients qui se déplacent dans les couloirs à l'étage au dessus on ne les entend pas du tout. Problème d'insonorisation du sol des chambres ?"
Richard 2-night trip
Posted 13 hours ago
Center Hotels Plaza
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

8/10 Good
"I love how the pull out couch was already set up before we got there i wish I got more than one pillow but It was fantastic!"
Isabella 1-night trip
Posted 1 day ago
Reykjavik Residence Apartment Hotel
Guesthouse Sunna

Guesthouse Sunna

10/10 Excellent
"The location is great, right outside the church and close to everything."
Shirley 2-night trip
Posted 1 day ago
Guesthouse Sunna
Center Hotels Arnarhvoll

Center Hotels Arnarhvoll

10/10 Excellent
"The location of the Arnarhvoll Center Hotel was great for my convention at the Harpa Concert Hall, just across the street. Also just across from bus stop #5, where all the tour buses and the airport Flybus stop. A wonderful view of the harbour and surrounding mountains, especially from the 8th floor where they serve a delicious hot breakfast buffet, which was included in my Expedia package. There is a sauna and hot tub available too, in the basement, which was also included in my package by the hotel. The hotel is fully accessible. The room was very clean, although small, but comfortable enough with a wonderful bed, mini-fridge, and kettle on a small desk. Wide screen TV gets the BBC channels as well as local. The staff were all very pleasant, attentive and helpful. Only thing lacking was an on-site restaurant, but the main shopping street of Laugavegur is only 3 blocks away, with many restaurants. They have lockers for luggage storage if you arrive early or leave on a later flight, which is very handy. I'd stay again!"
Laura 7-night trip
Posted 3 days ago
Center Hotels Arnarhvoll

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, Old Town Reykjavik is a popular hotel for our travellers in search of a less expensive place to stay, and it offers free Wi-Fi. Other good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 13 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, Oskjuhlid Hill or Nautholsvik Geothermal Beach.
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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