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$204

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Check availability on Downtown Reykjavik Cheap Hotels

Our top choices for Downtown Reykjavik cheap hotels

A modern hotel lobby with a reception desk, wooden stools, and a wall art installation.

1. Hotel Fron

Hotel Fron
3.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (1,085 reviews)
"Great location."
United States
Kalpesh
The price is AU$318
includes taxes & fees
21 Sept - 22 Sept
Hotel Fron
A hot tub with two people in it, surrounded by wooden decking and plants.

2. CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (636 reviews)
"Was clean and priced great for our stay"
United States
Dan Donna
The price is AU$204
includes taxes & fees
7 Sept - 8 Sept
CityHub Reykjavik
A modern hotel room with two beds, a flat-screen TV, a desk, and a large window with curtains.

3. Midtown Reykjavik by Heimaleiga

Midtown Reykjavik by Heimaleiga
3.0 star property
Downtown Reykjavik
8.0 out of 10, Very good, (491 reviews)
"Beautiful balcony views of the city and excellent location for exploring Reykavik!"
Canada
Lori
The price is AU$256
includes taxes & fees
16 Sept - 17 Sept
Midtown Reykjavik by Heimaleiga
A modern dining area with white tables and chairs, a counter with breakfast items, and a grey cushioned seating area.

4. Guesthouse Sunna

Guesthouse Sunna
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (1,013 reviews)
"The room was clean, the beds were comfortable and the location is excellent."
Canada
Maureen
The price is AU$259
includes taxes & fees
1 Oct - 2 Oct
Guesthouse Sunna
A modern hotel room with a large bed, a desk, a TV, and a view of the cityscape through large windows.

5. City Center Hotel

City Center Hotel
3.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (778 reviews)
"It was in a great location."
United States
Ara
The price is AU$313
includes taxes & fees
4 Oct - 5 Oct
City Center Hotel
A breakfast buffet with various breads, spreads, and condiments.

6. Guesthouse Aurora

Guesthouse Aurora
2.0 star property
Downtown Reykjavik
8.2 out of 10, Very good, (560 reviews)
"Love the location"
Canada
Piyush
The price is AU$237
includes taxes & fees
13 Sept - 14 Sept
Guesthouse Aurora
A modern living room with a fireplace, a sofa, two potted plants, and a large painting on the wall.

7. Hotel Odinsve

Hotel Odinsve
4.0 star property
Downtown Reykjavik
8.8 out of 10, Excellent, (1,003 reviews)
"Excellent location shower bed and staff"
United States
Laura
The price is AU$364
includes taxes & fees
9 Sept - 10 Sept
Hotel Odinsve
A breakfast buffet with various breads, spreads, and condiments.

8. Guesthouse Andrea

Guesthouse Andrea
2.5 star property
Downtown Reykjavik
8.2 out of 10, Very good, (402 reviews)
"Breakfast was great. Room was small but did the job. Really convenient location."
Canada
Jonathan
The price is AU$219
includes taxes & fees
14 Sept - 15 Sept
Guesthouse Andrea
A modern bedroom with a large bed, bedside tables, a desk, and a kitchen area.

9. Hotel Vera

Hotel Vera
3.0 star property
Downtown Reykjavik
8.4 out of 10, Very good, (375 reviews)
"This hotel is amazing! Fantastic location and the room was fabulous! I highly recommend Hotel Vera!"
Canada
James
The price is AU$300
includes taxes & fees
9 Sept - 10 Sept
Hotel Vera
A neatly made double bed with a grey checkered blanket and pillows, two bedside lamps, and a window with sheer curtains.

10. The Swan House by Heimaleiga

The Swan House by Heimaleiga
3.5 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (685 reviews)
"Excellent central location close to shopping, grocery stores and main attractions. Beds were very comfortable and convenient to have a small kitchen as well. Few things could be improved upon---no fan that we could find, ventilation after showers was a problem, communication with hotel (virtual only) was not always responsive."
Canada
sarah
The price is AU$390
includes taxes & fees
9 Sept - 10 Sept
The Swan House by Heimaleiga
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

Alda Hotel Reykjavik

Alda Hotel Reykjavik

8/10 Good
"Très bien situé. Dejeuner copieux et varié. Chambre confortable"
Benoit 1-night trip
Posted 2 hours ago
Alda Hotel Reykjavik

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, National Gallery of Iceland and Reykjavik Pond.
What's the best budget-friendly accommodation in Downtown 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 options to stay on the cheap include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many budget hotels are there in Downtown Reykjavik?
Expedia has 8 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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