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$200

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Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

ASKA Heiðmörk

ASKA Heiðmörk
3.0 star property
Kópavogur
8.8 out of 10, Excellent, (322 reviews)
"Place was clean. Automated check-in was smooth. Quiet property. Overall a good night stay."
United States
Abraham
The price is AU$200
includes taxes & fees
21 July - 22 July
ASKA Heiðmörk

Aska Hraun

Aska Hraun
2.0 star property
Hafnarfjörður
7.4 out of 10, Good, (12 reviews)
"Extremely clean and fresh, bed comfortable, good location."
United States
KERRY
The price is AU$236
includes taxes & fees
20 July - 21 July
Aska Hraun

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
7.8 out of 10, Good, (1,001 reviews)
"Convenient location nearby Airport for a fly out night stay."
United States
Sagar
The price is AU$306
includes taxes & fees
5 Aug - 6 Aug
Hotel Duus

Blue Viking Pods

Blue Viking Pods
1.5 star property
Reykjanesbær
8.6 out of 10, Excellent, (51 reviews)
"Very good for short term stays "
United States
Erica
Blue Viking Pods

Hotel Boli Keflavik

Hotel Boli Keflavik
2.0 star property
Reykjanesbaer
8.4 out of 10, Very good, (68 reviews)
"Great hotwl near the airport. Clean and nice with an equiped kitchen. Great accommodations with staff for arrival and departure. Definitly a place to stay!"
Canada
Sébastien
The price is AU$275
includes taxes & fees
28 July - 29 July
Hotel Boli Keflavik

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.2 out of 10, Wonderful, (535 reviews)
"Such a great stay! Check in was easy, the place was clean, and perfect for a quick trip to Iceland!!"
United States
Ashley
The price is AU$206
includes taxes & fees
19 July - 20 July
CityHub Reykjavik

Fisherman's Village

Fisherman's Village
3.0 star property
Garðabær
9.2 out of 10, Wonderful, (1,001 reviews)
"Fantastic location, clean and cozy."
United States
Kristen
The price is AU$299
includes taxes & fees
28 July - 29 July
Fisherman's Village

iStay Cottages

iStay Cottages
3.0 star property
Suðurnesjabær
9.2 out of 10, Wonderful, (458 reviews)
"Great place"
United States
Andrew
The price is AU$263
includes taxes & fees
5 Aug - 6 Aug
iStay Cottages

Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
3.0 star property
Reykjanesbær
8.6 out of 10, Excellent, (1,213 reviews)
"Restaurant on property is excellent"
United States
Donald
The price is AU$390
includes taxes & fees
22 July - 23 July
Konvin Hotel by Reykjavik Keflavik Airport

Hotel Vogar

Hotel Vogar
2.5 star property
Vogar
8.4 out of 10, Very good, (363 reviews)
"Hotel Vogar sits between Keflavik & Reykjavic. Very convenient access to airport. Its the equivalent of motel in North America. You can park your car outside your door. Room are large size and have all the amenities. It's a well maintained property with friendly staff. There's a Chinese restaurant on a walking distance as well."
Canada
Shahid
The price is AU$217
includes taxes & fees
21 July - 22 July
Hotel Vogar
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 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, 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 Old Town Reykjavik and KEX Hotel and Hostel Reykjavik.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 14 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 Oskjuhlid Hill.
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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