Find Cheap Hotels in Reykjavik

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Pick from 16 Reykjavik Cheap Hotels and compare room rates, reviews, and availability. Most hotels are fully refundable.

Hotel Von
3.5 star property
9.4 out of 10, Exceptional, (953)
"We were only here for one day before flying out. It's located in the heart of the city, and close to the big church, harbour and a multitude of shops and restaurants. The downside to the location, is that parking is not included. Street parking right outside the hotel is a P1 zone, so only valid for 3h in a 24hour period. We just parked around the corner. The walls are a little thin OR the doors are heavy, we could hear them slamming shut when other people were entering/leaving their rooms....
The price is ₩227,050
₩258,779 total
includes taxes & fees
Dec 3 - Dec 4
Hotel Von
Grandi by Center Hotels
4.0 star property
9.4 out of 10, Exceptional, (879)
"Lovely hotel, staff do friendly and helpful, spa was nice, restaurant and bar were lovely. Easy walk into Reykjavik centre as well And lovely cat Mango sleeping in the chairs!"
The price is ₩261,293
₩296,570 total
includes taxes & fees
Dec 3 - Dec 4
Grandi by Center Hotels
Fosshotel Barón
3.0 star property
8.6 out of 10, Excellent, (1002)
"The staff was very kind and allowed us to check in early for a fee. Instead of paying for their parking we parked down the street in a garage and on the street which ended up being very very cheap. The room was big and I would stay again."
The price is ₩175,709
₩201,790 total
includes taxes & fees
Dec 3 - Dec 4
Fosshotel Barón
Exeter Hotel
4.0 star property
9.4 out of 10, Exceptional, (1003)
"Staff was very helpful, location was excellent!"
The price is ₩213,108
₩243,975 total
includes taxes & fees
Nov 26 - Nov 27
Exeter Hotel
Alda Hotel Reykjavik
4.0 star property
9.4 out of 10, Exceptional, (1004)
"Very clean, great location, great staff "
The price is ₩286,898
₩325,210 total
includes taxes & fees
Dec 3 - Dec 4
Alda Hotel Reykjavik
Hotel Reykjavík Grand
4.0 star property
9.0 out of 10, Wonderful, (1003)
"Really nice room, and plenty of parking"
The price is ₩183,931
₩210,916 total
includes taxes & fees
Nov 24 - Nov 25
Hotel Reykjavík Grand
Miðgarður by Center Hotels
4.0 star property
9.4 out of 10, Exceptional, (1044)
"For our two night stay, great place to rest, relax and access to main highways to continue discovering Iceland "
The price is ₩211,055
₩240,806 total
includes taxes & fees
Dec 3 - Dec 4
Miðgarður by Center Hotels
Center Hotels Arnarhvoll
4.0 star property
8.8 out of 10, Excellent, (1002)
"This hotel was great! It wasn’t above and beyond but it was not bad by any means. Perfect to come back and sleep. Parking was easy as it’s right there but you do have to pay, they only have about 4 parking spots for hotel guests. Rooms were clean for the most part. The shower was a bit strange but it made sense to fit in the bathroom. Got the job done! Spa was the best part and a nice perk. Beds were comfy! The room got very very hot at night we tried to switch the temp but it may have been...
The price is ₩224,452
₩255,677 total
includes taxes & fees
Dec 2 - Dec 3
Center Hotels Arnarhvoll
The Reykjavik EDITION
5.0 star property
9.4 out of 10, Exceptional, (342)
"Excellent "
The price is ₩489,651
₩610,600 total
includes taxes & fees
Dec 5 - Dec 6
The Reykjavik EDITION
Hotel Reykjavik Centrum
4.0 star property
9.4 out of 10, Exceptional, (1000)
"We loved our stay at the hotel. We visited for Airwaves and the hotel was within minutes from the venues and made it easy to get around. It's next to all the sites you can walk to and enjoy the city center. Perfect location all around. Bus stop #1 is a block away and that is extremely convenient for airport transfer and tours. The people are always friendly and knowledgeable and help with anything needed. I would definitely stay here again!"
The price is ₩235,089
₩267,702 total
includes taxes & fees
Dec 11 - Dec 12
Hotel Reykjavik Centrum
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.
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Frequently asked questions

What is Reykjavik like for travelers on a budget?
Reykjavik offers cheap accommodation options and a variety of places to visit, making it a great choice for a budget-friendly getaway. In addition to its well-known attractions like Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in Reykjavik?
Based on reviews, Hotel Von is a popular hotel for our travelers who want a more economical choice, and features free WiFi and a restaurant. Other options for your budget-friendly stay include Hostel B47 and Kex Hostel Reykjavík.
How many inexpensive hotels will I find in Reykjavik?
Expedia has 15 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, and keep 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 temp of 50°F, while the coldest months are December and January with an average of 32°F. Average annual precipitation for Reykjavik is 50 inches.
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 closest airport is 1.2 mi (2 km) away from the center in Reykjavik Domestic Airport (RKV). However, if that doesn’t suit your budget, you can book a flight to Reykjavik–Keflavik Intl. Airport (KEF), located 23.2 mi (37.3 km) away. Reykjavik might not have very many public transportation choices so a car rental could be a reasonable alternative to see more of the area.