Cheap Hotels & Resorts in Reykjavik from AU$390

    calendar shield illustration

    Change your mind

    Book hotels with free cancellation
    deals illustration

    Treat yourself

    Sign in to save 10% or more on thousands of hotels
    Sign in
    bed illustration

    Be picky

    Search almost a million properties worldwide

Check availability on Reykjavik Cheap Hotels

Tonight
1 Aug - 2 Aug
Tomorrow
2 Aug - 3 Aug
This weekend
1 Aug - 3 Aug
Next weekend
8 Aug - 10 Aug

Best Reykjavik Cheap Hotels

Hotel Von
Enjoy dining in a warm and inviting space with comfortable seating and a fully stocked bar.

Hotel Von

3.5 star property
9.4 out of 10, Exceptional, (1001)
"Good location and great staff"
The price is AU$390
includes taxes & fees
25 Aug - 26 Aug
Hotel Von
Grandi by Center Hotels
Relax in a serene spa area with a hot tub, wooden bench, and reception desk.

Grandi by Center Hotels

4.0 star property
9.4 out of 10, Exceptional, (1243)
"Great location near all bus stops with very accomodating staff "
The price is AU$534
includes taxes & fees
28 Aug - 29 Aug
Grandi by Center Hotels
Fosshotel Barón
Relax in a stylish seating area with a cushioned bench and chair, surrounded by a geometric design and natural light.

Fosshotel Barón

3.0 star property
8.6 out of 10, Excellent, (1014)
"Staff was superb… truly made us feel welcome. Hotel was immaculate and had a great breakfast. Location was convenient to buses and restaurants."
The price is AU$435
includes taxes & fees
25 Aug - 26 Aug
Fosshotel Barón
Exeter Hotel
Exeter Hotel features a striking modern facade with large windows and balconies.

Exeter Hotel

4.0 star property
9.4 out of 10, Exceptional, (1005)
"Easy to get to from the port"
The price is AU$570
includes taxes & fees
26 Aug - 27 Aug
Exeter Hotel
Alda Hotel Reykjavik
Relax in a stylish seating area with a bench and decorative partition, surrounded by natural light and city views.

Alda Hotel Reykjavik

4.0 star property
9.4 out of 10, Exceptional, (1016)
"Enjoyed our stay."
The price is AU$558
includes taxes & fees
25 Aug - 26 Aug
Alda Hotel Reykjavik
Hotel Reykjavík Grand
Standing tall with a sleek, vertical design, this high-rise building features a striking glass facade and a unique curved corner element.

Hotel Reykjavík Grand

4.0 star property
9.0 out of 10, Wonderful, (1002)
"Excellent pre cruise hotel "
The price is AU$613
includes taxes & fees
27 Aug - 28 Aug
Hotel Reykjavík Grand
Miðgarður by Center Hotels
Enter a modern space with a reception area, desk, and computer, surrounded by lush greenery and warm ambiance.

Miðgarður by Center Hotels

4.0 star property
9.4 out of 10, Exceptional, (1217)
"Excellent hotel in great location "
The price is AU$454
includes taxes & fees
31 Aug - 1 Sept
Miðgarður by Center Hotels
Center Hotels Arnarhvoll
Enjoy breathtaking views of the calm water and distant mountains from this outdoor terrace, featuring comfortable seating and a serene atmosphere.

Center Hotels Arnarhvoll

4.0 star property
9.0 out of 10, Wonderful, (1004)
"Great location "
The price is AU$580
includes taxes & fees
25 Aug - 26 Aug
Center Hotels Arnarhvoll
The Reykjavik EDITION
Relax in this serene outdoor space with a comfortable sofa set and dining area.

The Reykjavik EDITION

5.0 star property
9.4 out of 10, Exceptional, (479)
"Really nice hotel in an excellent location! "
The price is AU$979
includes taxes & fees
1 Sept - 2 Sept
The Reykjavik EDITION
Hotel Reykjavik Centrum
Enjoy a peaceful view of the tree-lined street from the large window in this serene room, featuring a round table and two comfortable chairs.

Hotel Reykjavik Centrum

4.0 star property
9.4 out of 10, Exceptional, (1001)
"Great location, nice staff, clean, good breakfast, a tad small, but quaint"
The price is AU$487
includes taxes & fees
27 Aug - 28 Aug
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.

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"For Reykjavik, this hotel was in a prime walking location. Parking is just up the street in a parking garage for about $30 USD per 24 hours. The hotel was clean, the staff were helpful and professional, and our rooms were quiet and comfortable. We went in July 2025 and had a wonderful time. "
Joanne 2-night trip
Posted 10 hours ago
Center Hotels Plaza

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 bar. 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.