Budget Hotels in Reykjavik, Capital Region

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Our top choices for Reykjavik cheap hotels

Konvin Hotel by Reykjavik Keflavik Airport

Konvin Hotel by Reykjavik Keflavik Airport
3.0 star property
Reykjanesbær
8.6 out of 10, Excellent, (1105)
"Very friendly staff. "
United States
Grant
Konvin Hotel by Reykjavik Keflavik Airport

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF
3.0 star property
Suðurnesjabær
8.8 out of 10, Excellent, (1653)
"Nice staff and a great breakfast."
Australia
Garry
The price is P8,730
P10,066 total
includes taxes & fees
Jan 23 - Jan 24, 2026
Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Lighthouse Inn

Lighthouse Inn
3.5 star property
Suðurnesjabær
9.8 out of 10, Exceptional, (1001)
"Staff was friendly and room was comfortable for our 2 night stay."
United States
Jedidiah
Lighthouse Inn

Hotel Duus

Hotel Duus
3.5 star property
Reykjanesbær
8.2 out of 10, Very Good, (1001)
"The dinner was fantastic. Minke whale and Monkfish on the menu, and these are both very populous in the area. It was interesting and delicious to try. "
Canada
Nadia
The price is P6,379
P7,454 total
includes taxes & fees
Jan 11 - Jan 12, 2026
Hotel Duus

Alva Hotel Brautarholt

Alva Hotel Brautarholt
3.0 star property
Holt
8.2 out of 10, Very Good, (1001)
"Room was clean and warm, everything we needed was there. Thank you!"
United Kingdom
Emily
The price is P4,932
P5,851 total
includes taxes & fees
Jan 12 - Jan 13, 2026
Alva Hotel Brautarholt

Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
3.0 star property
Háaleiti
9.2 out of 10, Wonderful, (1000)
"I really enjoyed the room and the friendliness of the staff. The breakfast was also nice. "
United States
Douglas
The price is P7,595
P8,804 total
includes taxes & fees
Jan 3 - Jan 4, 2026
Reykjavik Lights by Keahotels

CityHub Reykjavik

CityHub Reykjavik
2.0 star property
Downtown Reykjavik
9.0 out of 10, Wonderful, (369)
"Perfect stay for a solo traveler. Comfortable, clean and great location. "
United States
Jéssica
The price is P6,092
P7,138 total
includes taxes & fees
Jan 4 - Jan 5, 2026
CityHub Reykjavik

Reykjavik Natura - Berjaya Iceland Hotels

Reykjavik Natura - Berjaya Iceland Hotels
4.0 star property
Reykjavik
8.8 out of 10, Excellent, (1005)
"Lovely and clean and great spa facilities "
United Kingdom
Rebecca
The price is P7,210
P8,377 total
includes taxes & fees
Dec 30 - Dec 31
Reykjavik Natura - Berjaya Iceland Hotels

Miðgarður by Center Hotels

Miðgarður by Center Hotels
4.0 star property
Tún
9.4 out of 10, Exceptional, (1220)
"pleasant stay"
United Kingdom
Ann
The price is P10,459
P11,984 total
includes taxes & fees
Jan 7 - Jan 8, 2026
Miðgarður by Center Hotels

Hotel Keflavik by Reykjavik Keflavik Airport

Hotel Keflavik by Reykjavik Keflavik Airport
4.0 star property
Reykjanesbær
8.8 out of 10, Excellent, (1000)
"Great customer care, spotless room and wonderful restaurant. "
United Kingdom
Bryan
The price is P9,754
P11,203 total
includes taxes & fees
Jan 15 - Jan 16, 2026
Hotel Keflavik by Reykjavik Keflavik Airport
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

Frequently asked questions

What is Reykjavik like for travelers on a budget?
Reykjavik offers cheap accommodation options and a variety of places to visit, making it a great choice for a budget-friendly getaway. In addition to its well-known attractions like Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in Reykjavik?
Based on reviews, Hotel Von is a popular hotel for our travelers who want a more economical choice, and features free WiFi and a bar. Other options for your budget-friendly stay include KEX Hostel and Hotel Reykjavik and Hostel B47.
How many inexpensive hotels will I 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, and keep 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 temp of 50°F, while the coldest months are December and January with an average of 32°F. Average annual precipitation for Reykjavik is 50 inches.
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 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 closest airport is 1.2 mi (2 km) away from the center in Reykjavik Domestic Airport (RKV). However, if that doesn't suit your budget, you can book a flight to Reykjavik–Keflavik Intl. Airport (KEF), located 23.2 mi (37.3 km) away. Reykjavik might not have very many public transportation choices so a car rental could be a reasonable alternative to see more of the area.