A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

Cheap Hotels & Resorts in Reykjavik from AU$139

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Check availability on Reykjavik Cheap Hotels

Tonight
14 Oct - 15 Oct
Tomorrow
15 Oct - 16 Oct
This weekend
16 Oct - 18 Oct
Next weekend
23 Oct - 25 Oct

Our top choices for Reykjavik cheap hotels

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
United States
Patricia
AU$152
includes taxes & fees
4 Nov - 5 Nov
CityHub Reykjavik

2. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
Downtown Reykjavik
United States
Jenina
AU$329
includes taxes & fees
26 Oct - 27 Oct
Reykjavik Residence Apartment Hotel

3. Grandi by Center Hotels

Grandi by Center Hotels
Vesturbær
United States
Monicq
AU$347
includes taxes & fees
9 Nov - 10 Nov
Grandi by Center Hotels

4. Hotel Reykjavík Grand

Hotel Reykjavík Grand
Laugardalur
United States
Matthew
AU$311
includes taxes & fees
13 Nov - 14 Nov
Hotel Reykjavík Grand

5. Alda Hotel Reykjavik

Alda Hotel Reykjavik
Downtown Reykjavik
Canada
Sheryl
AU$218
includes taxes & fees
9 Nov - 10 Nov
Alda Hotel Reykjavik

6. Center Hotels Arnarhvoll

Center Hotels Arnarhvoll
Downtown Reykjavik
United States
Michael
AU$347
includes taxes & fees
10 Nov - 11 Nov
Center Hotels Arnarhvoll

7. Miðgarður by Center Hotels

Miðgarður by Center Hotels
Tún
United States
Kennedy
AU$385
includes taxes & fees
3 Nov - 4 Nov
Miðgarður by Center Hotels

8. Fosshotel Reykjavik

Fosshotel Reykjavik
Laugardalur
Canada
Carron
AU$359
includes taxes & fees
2 Nov - 3 Nov
Fosshotel Reykjavik

9. Center Hotels Plaza

Center Hotels Plaza
Downtown Reykjavik
United States
Marilyn
AU$348
includes taxes & fees
31 Oct - 1 Nov
Center Hotels Plaza

10. Exeter Hotel

Exeter Hotel
Downtown Reykjavik
United States
Victor
AU$285
includes taxes & fees
10 Nov - 11 Nov
Exeter Hotel
View all properties

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

Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"Central to downtown. Great breakfast"
Robert 2-night trip
Posted 2 hours ago
Miðgarður by Center Hotels
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"It was a lovely spot, a bit far from the downtown area but the breakfast and room were lovely. The bath in the shower didn’t work as expected, but we also didn’t call down so keep that in mind."
Leah 1-night trip
Posted 5 hours ago
Hotel Reykjavík Grand
Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels

8/10 Good
"Friendly staff, nice rooms, a little bit uncomfortable here and there's *pillows some of the blankets were way too warm with minimla ventilation* so hot sleepers like myself need to cool off throughout the night at times. Still a comfortable stay once the room cooled down to comfortable temperatures."
Samuel 4-night trip
Posted 5 hours ago
Reykjavik Marina - Berjaya Iceland Hotels
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

8/10 Good
"Great location in central Reykjavik for amenities. A bit of a walk from reception to whichever building you are in. No drama. Rooms well equipped and comfortable. All you need."
Mark 4-night trip
Posted 1 day ago
Reykjavik Residence Apartment Hotel
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Location is 10 minute walk from the center. There is new staff no check-in that was surprising at first. Otherwise a clean safe enjoyable stay . Bed was very comfortable."
Chris 2-night trip
Posted 2 days ago
Alva Hotel Brautarholt
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Excellent location and very helpful staff."
Marilyn 3-night trip
Posted 3 days 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 Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best place to stay on a budget in 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 good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
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, Oskjuhlid Hill or Nautholsvik Geothermal Beach.
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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