Cheap Hotels & Resorts in Reykjavik from AU$281

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Check availability on Reykjavik Cheap Hotels

Best Reykjavik Cheap Hotels

Hotel Von
3.5 star property
9.4 out of 10, Exceptional, (1013)
"Wonderful stay"
The price is AU$281
includes taxes & fees
12 Nov - 13 Nov
Hotel Von
Grandi by Center Hotels
4.0 star property
9.4 out of 10, Exceptional, (1344)
"Great hotel, very clean, awesome staff, will stay again! "
The price is AU$362
includes taxes & fees
21 Oct - 22 Oct
Grandi by Center Hotels
Fosshotel Barón
3.0 star property
8.6 out of 10, Excellent, (1016)
"Great location near touristic places, nice staff"
The price is AU$281
includes taxes & fees
2 Nov - 3 Nov
Fosshotel Barón
Exeter Hotel
4.0 star property
9.4 out of 10, Exceptional, (1012)
"Great accommodation "
The price is AU$286
includes taxes & fees
27 Oct - 28 Oct
Exeter Hotel
Alda Hotel Reykjavik
4.0 star property
9.4 out of 10, Exceptional, (1050)
"Really enjoyed our stay. The location alone was game changing but the hotel itself was clean and nice. "
The price is AU$337
includes taxes & fees
12 Nov - 13 Nov
Alda Hotel Reykjavik
Hotel Reykjavík Grand
4.0 star property
9.0 out of 10, Wonderful, (1008)
"Lots to do and so close to a lot of sightseeing options"
The price is AU$347
includes taxes & fees
2 Nov - 3 Nov
Hotel Reykjavík Grand
Miðgarður by Center Hotels
4.0 star property
9.4 out of 10, Exceptional, (1228)
"Clean, friendly staff "
The price is AU$405
includes taxes & fees
20 Oct - 21 Oct
Miðgarður by Center Hotels
Center Hotels Arnarhvoll
4.0 star property
9.0 out of 10, Wonderful, (1018)
"Staff was so friendly, so helpful and we really enjoyed our time there. "
The price is AU$362
includes taxes & fees
19 Oct - 20 Oct
Center Hotels Arnarhvoll
The Reykjavik EDITION
5.0 star property
9.4 out of 10, Exceptional, (510)
"Very accommodating staff. "
The price is AU$704
includes taxes & fees
6 Nov - 7 Nov
The Reykjavik EDITION
Hotel Reykjavik Centrum
4.0 star property
9.4 out of 10, Exceptional, (1000)
"Great stay!"
The price is AU$333
includes taxes & fees
28 Oct - 29 Oct
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.

Find out more about Reykjavik

Discover cheap things to do in Reykjavik

Reykjavik, the vibrant capital of Iceland, offers a wealth of experiences for budget-conscious travellers seeking adventure without breaking the bank. Begin your exploration at the iconic Hallgrímskirkja, where you can ascend the tower for panoramic views of the city and surrounding landscapes – the entrance fee is minimal, making it a perfect start to your day. Next, wander through the colourful streets of the Old Harbour, where you can admire the charming architecture and perhaps catch sight of local artists plying their trade. Don’t miss the Harpa Concert Hall, a stunning piece of modern architecture that often hosts free exhibitions and offers a lovely spot to relax by the waterfront. For families, the Reykjavik Family Park and Zoo is a delightful outing, where entry is affordable, and you can enjoy a day with the kids surrounded by Icelandic wildlife. After a day of exploration, consider staying in the trendy 101 district, where many budget hotels are located within walking distance of these attractions. This area not only boasts a vibrant atmosphere with its cafes and shops but also allows for easy access to free walking tours that can enrich your stay without straining your wallet. Enjoy the blend of culture and community while resting easy in top hotels that cater to your needs.

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: Ideal for budget-conscious travellers, Storm Hotel by Keahotels offers a fantastic traveler review rating of 9.2 and a range of amenities that ensure a comfortable and affordable stay. Guests can relish a complimentary buffet breakfast each morning and enjoy free Wi-Fi throughout the hotel.
  • Other amenities: Additional features include free toiletries and cribs at no extra cost, making this hotel suitable for various traveler needs. Rooms are equipped with balconies or patios, offering a space to unwind, while the concierge service assists with local recommendations. Parking options are available, and the inviting snack bar serves light refreshments during the day.
  • 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 Tjornin, 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 Hostel B47 and KEX Hostel and Hotel Reykjavik.
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, Nautholsvik Geothermal Beach or Tjornin.
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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