Reykjavik Cheap Hotels

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Our top choices for Reykjavik cheap hotels

Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
3.0 star property
Reykjanesbær
8.6 out of 10, Excellent, (1103)
"Great hotel"
United States
Linying
The price is HK$930
HK$1,081 total
includes taxes & fees
23 Dec - 24 Dec
Konvin Hotel by Reykjavik Keflavik Airport

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF
3.0 star property
Suðurnesjabær
8.8 out of 10, Excellent, (1653)
"Nice staff and a great breakfast."
Australia
Garry
The price is HK$1,151
HK$1,327 total
includes taxes & fees
17 Jan - 18 Jan 2026
Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Lighthouse Inn

Lighthouse Inn
3.5 star property
Suðurnesjabær
9.8 out of 10, Exceptional, (1003)
"Staff was friendly and room was comfortable for our 2 night stay."
United States
Jedidiah
The price is HK$1,218
HK$1,413 total
includes taxes & fees
23 Dec - 24 Dec
Lighthouse Inn

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (366)
"Perfect stay for a solo traveler. Comfortable, clean and great location. "
United States
Jéssica
The price is HK$611
HK$735 total
includes taxes & fees
24 Dec - 25 Dec
CityHub Reykjavik

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.2 out of 10, Very good, (1001)
"+ easy self check-in, very clean and well equipped room. - thin walls, noisy beds."
United States
Jens
The price is HK$840
HK$982 total
includes taxes & fees
5 Jan - 6 Jan 2026
Hotel Duus

Courtyard by Marriott Reykjavik Keflavik Airport

Courtyard by Marriott Reykjavik Keflavik Airport
4.0 star property
Reykjanesbær
9.2 out of 10, Wonderful, (1011)
"Nice hotel, convenient location"
United States
Rhianna
The price is HK$1,327
HK$1,523 total
includes taxes & fees
6 Jan - 7 Jan 2026
Courtyard by Marriott Reykjavik Keflavik Airport

Reykjavik Natura - Berjaya Iceland Hotels

Reykjavik Natura - Berjaya Iceland Hotels
4.0 star property
Reykjavik
8.8 out of 10, Excellent, (1004)
"easy access, many tours picked us up at the hotel"
United States
David
The price is HK$784
HK$919 total
includes taxes & fees
23 Dec - 24 Dec
Reykjavik Natura - Berjaya Iceland Hotels

Alva Hotel Brautarholt

Alva Hotel Brautarholt
3.0 star property
Holt
8.2 out of 10, Very good, (1000)
"Room was clean and warm, everything we needed was there. Thank you!"
United Kingdom
Emily
The price is HK$650
HK$771 total
includes taxes & fees
12 Jan - 13 Jan 2026
Alva Hotel Brautarholt

201 Hotel

201 Hotel
4.0 star property
Kópavogur
8.6 out of 10, Excellent, (1000)
"I had a good time at the hotel, nice and clean, the staff very polite! "
United Kingdom
Maria
The price is HK$1,616
HK$1,843 total
includes taxes & fees
25 Dec - 26 Dec
201 Hotel

Keflavik Micro Suites

Keflavik Micro Suites
3.5 star property
Reykjanesbær
8.8 out of 10, Excellent, (613)
"Excellent Location "
United Kingdom
Umang
The price is HK$887
HK$1,043 total
includes taxes & fees
23 Dec - 24 Dec
Keflavik Micro Suites
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

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

Storm Hotel by Keahotels

  • Why it's great for a budget-friendly vacation: Storm Hotel by Keahotels is a budget-friendly gem that scores a remarkable 9.2 in guest reviews. Perfectly suited for cost-conscious travellers, the hotel offers free Wi-Fi and a delicious buffet breakfast to kickstart the day. With additional amenities such as free toiletries and a snack bar, guests will find everything they need for a comfortable stay.
  • Other amenities: This hotel also features options for connecting rooms, a balcony or patio for enjoying fresh air, and parking facilities for added convenience. The concierge service ensures that guests receive personalised support during their visit, and family amenities like free cribs make it a great choice for those travelling with little ones.
  • Neighborhood: Laugardalur
  • Nearby attractions: Laugavegur - 0.1 km, Harpa - 1.4 km, Hallgrimskirkja - 1.5 km

Top Reykjavik Hotel Reviews

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 bar. Other good options for your budget-friendly stay include KEX Hostel and Hotel Reykjavik and Hostel B47.
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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