A cityscape with a prominent church, a body of water, and snow-capped mountains in the background.

Cheap Hotels & Resorts in Downtown Reykjavik from AU$217

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Check availability on Downtown Reykjavik Cheap Hotels

Our top choices for Downtown Reykjavik cheap hotels

Outdoor spa tub

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (540 reviews)
"Cozy , safe great for the price"
United States
Tashara
The price is AU$217
includes taxes & fees
19 Aug - 20 Aug
CityHub Reykjavik
Lobby

Hotel Fron

Hotel Fron
3.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1,050 reviews)
"Great location, very clean hotel and nice breakfast."
United States
Regina
The price is AU$319
includes taxes & fees
24 July - 25 July
Hotel Fron
Restaurant

Hotel Von

Hotel Von
3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,004 reviews)
"Excellent hotel in a great location!"
United States
Dewayne
The price is AU$383
includes taxes & fees
3 Aug - 4 Aug
Hotel Von
Reception

Hotel Odinsve

Hotel Odinsve
4.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (1,010 reviews)
"Loved the Mom and Pop feel, the staff was great and very insightful with some of their recommendations. Would stay again."
United States
Max
The price is AU$356
includes taxes & fees
27 July - 28 July
Hotel Odinsve
Indoor spa tub

Alda Hotel Reykjavik

Alda Hotel Reykjavik
4.0 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1,328 reviews)
"Perfect location and great staff."
United States
Cheryl
The price is AU$561
includes taxes & fees
19 Aug - 20 Aug
Alda Hotel Reykjavik
Daily buffet breakfast for a fee

Hotel Leifur Eiriksson

Hotel Leifur Eiriksson
3.0 star property
Downtown Reykjavik
8.4 out of 10, Very good, (1,004 reviews)
"Great location. Very clean and comfortable."
United States
Kathy
The price is AU$411
includes taxes & fees
21 July - 22 July
Hotel Leifur Eiriksson
Standard Double Room, Balcony (or view)

City Center Hotel

City Center Hotel
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (745 reviews)
"The balcony though tiny, allowed for fresh air and a great view. "
United States
Cynthia
The price is AU$342
includes taxes & fees
22 July - 23 July
City Center Hotel
Free daily buffet breakfast

Skuggi Hotel by Keahotels

Skuggi Hotel by Keahotels
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,002 reviews)
"Very pleasant stay. Great location."
United States
Joanna
The price is AU$497
includes taxes & fees
26 July - 27 July
Skuggi Hotel by Keahotels
Breakfast buffet

Guesthouse Andrea

Guesthouse Andrea
2.5 star property
Downtown Reykjavik
8.4 out of 10, Very good, (380 reviews)
"Very courteous staff."
United States
Juergen A.
The price is AU$255
includes taxes & fees
28 July - 29 July
Guesthouse Andrea
Apartment, 2 Bedrooms, 2 Bathrooms | Living area

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
4.0 star property
Downtown Reykjavik
9.6 out of 10, Exceptional, (3,358 reviews)
"Lovely room in a great location. Communication with the hotel was excellent and so was the breakfast. Couldn’t fault it."
United Kingdom
Lisa
The price is AU$464
includes taxes & fees
28 July - 29 July
Reykjavik Residence Apartment Hotel
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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Top Downtown Reykjavik Hotel Reviews

Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

10/10 Excellent
"This was the perfect stay for our trip. The location is just a couple of short blocks from the main shopping center and from the waterfront (you can’t beat the location. The included breakfast basket and fresh bread saved us so much money as we were able to make it last for breakfast and lunch. Having the kitchen to store and heat food was super helpful. We rarely lounged in our room. We were on the go most of our trip (driving as far south as Diamond Beach and back in one day!). If you plan to also be out and about then this is a great stay. Black out curtains made sleeping in the summer easy. I wouldn’t pick this location if you were looking for a lounging vacation (it doesn’t have a lot of chill space). Some things to note: Checking in was the hardest part because you need to park (preferably in the P3 parking area) and walk to the main location. Our room was in the Tannery which was a couple of blocks away from the main registration location. Another thing to note is the dryer situation. The dryers don’t work well. We had clothes in there for 3 hours and they remained wet. We ended up hanging them on the heated towel rack or just in the closet area. One time they allowed us to use the service dryers (those worked great). We loved the staff, loved our room, and really loved the breakfast!"
Teri 6-night trip
Posted 11 hours ago
Reykjavik Residence Apartment Hotel

Frequently asked questions

What is Downtown Reykjavik like for travellers on a budget?
Downtown Reykjavik offers a variety of cheap accommodation options and things to do, making it a great holiday choice for budget-conscious travellers. You can find ways to save money while getting to know this destination, which is home to attractions such as Hallgrimskirkja, Reykjavik Pond and Parliament House.
What's the best budget-friendly accommodation in Downtown 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 options to stay on the cheap include Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many budget hotels are there in Downtown Reykjavik?
Expedia has 9 hotels in Downtown Reykjavik that are ideal if you are watching your pennies.
What is there to see and do in Downtown Reykjavik?
You don't need to spend a lot to find things to see and do in Downtown Reykjavik. 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. Enjoy the local natural beauty at Reykjavik Pond and Tjornin, or check out the area's cultural spots like Harpa.
How can I get to Downtown Reykjavik and get around on a budget?
Scoping out the transportation options in Downtown Reykjavik can help keep you on budget. The nearest airport is Reykjavik (RKV-Reykjavik Domestic), 0.9 mi (1.4 km) away. However, if that doesn't suit your budget, the next closest is 23.3 mi (37.4 km) away: Keflavik International Airport (KEF). Downtown Reykjavik might not have very many public transport options to choose from so a car rental could be an economical alternative to see more of the area.

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