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

Budget Hotels in Reykjavik, Capital Region

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Check availability on Reykjavik Budget Hotels

Tonight
Sep 27 - Sep 28
Tomorrow
Sep 28 - Sep 29
Next weekend
Oct 2 - Oct 4
In two weeks
Oct 9 - Oct 11

Our top choices for Reykjavik cheap hotels

A modern hotel lobby with a reception desk, wooden stools, and a wall art installation.
A modern bedroom with a bed, a sofa, a chair, and a small table.
A modern living room with a sofa, a coffee table, and a dining area with a table and chairs.
A restaurant with wooden tables and black chairs, a counter with a menu, and a television on the wall.

1. Hotel Fron

Hotel Fron
Downtown Reykjavik
United States
Bozena
P9,132
P10,545 total
includes taxes & fees
Oct 14 - Oct 15
Hotel Fron
A hot tub with two people in it, surrounded by wooden decking and plants.
A staircase with a wall-mounted sign reading "HOT TUB" and a green abstract drawing.
A modern building with a 'City Hub' sign, large windows, and a neon geometric design.

2. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
Canada
Oksana
P6,003
P7,072 total
includes taxes & fees
Oct 28 - Oct 29
CityHub Reykjavik
A multi-story hotel with a modern design, featuring a prominent logo on the facade and a clear entrance.
A room with two white chairs, a small round table, and a lamp. A book is on the table. The room has a window with a view of a snowy landscape and buildings.
A reception desk with the name "ROYKJAVIK LIGHTS" and a logo. There are chairs and a table in the background.
A buffet with various food items including watermelon, oranges, and bread.

3. Reykjavik Lights by Keahotels

Reykjavik Lights by Keahotels
Háaleiti
United States
joyce
P9,400
P10,850 total
includes taxes & fees
Oct 27 - Oct 28
Reykjavik Lights by Keahotels
A modern interior with a green sofa, yellow armchairs, and a round coffee table.
A hotel room with a bed, massage chairs, a TV, and a desk with a lamp.
A modern lounge area with yellow armchairs, a round table, and a potted plant.
A modern bar area with a wooden counter, hanging light fixtures, and a large window providing a view of the cityscape.

4. 201 Hotel

201 Hotel
Smárinn
United States
Myrona
P6,587
P7,720 total
includes taxes & fees
Oct 27 - Oct 28
201 Hotel
A modern hotel room with a large bed, a nightstand, a wall-mounted lamp, and a window with curtains.
A modern bathroom with a marble sink, a toilet, and a glass shower enclosure.
A modern, minimalist room with a wooden desk, a grey chair, a small lamp, and a hanging plant.
A modern bedroom with a desk, chair, sofa, and bed.

5. Alva Hotel Brautarholt

Alva Hotel Brautarholt
Holt
United States
Joseph
P8,705
P10,071 total
includes taxes & fees
Oct 27 - Oct 28
Alva Hotel Brautarholt
A modern living room with a dark sofa, a round coffee table, and several potted plants.
A dining area with wooden tables and chairs, pendant lighting, and artwork on the walls.
A modern office space with a sofa, chairs, a table, and a large window.
A modern hotel room with a skylight, a bed, a bedside table with a lamp, a mirror, a sink, and a framed picture on the wall.

6. Old Town Reykjavik

Old Town Reykjavik
Downtown Reykjavik
Canada
Tatiana
P6,304
P7,406 total
includes taxes & fees
Oct 5 - Oct 6
Old Town Reykjavik
A hotel room with a wooden floor, a bed with a white duvet, a desk with a lamp, a chair, a TV, and a door leading to a bathroom with a shower curtain.
A living room with a flat-screen TV mounted on the wall, a striped chair, a dark sofa, a small round table with a floral tablecloth, and a window with curtains.
A restaurant interior with tables and chairs, a coffee machine, and artwork on the walls.
A reception desk at 100 Iceland Hotel with a wooden finish, a logo sticker, and a sign indicating it is a SAF certified hotel.

7. 100 Iceland Hotel

100 Iceland Hotel
Downtown Reykjavik
Canada
Rick
100 Iceland Hotel
A row of black and white houses with a stone wall and a grassy hill.
A room with a large window offering a view of a grassy field and distant mountains.
A hot tub with a clear view of the surrounding landscape, including a structure with a mesh roof and a rocky area with vegetation.
A wooden staircase with a chair and a table in a room with wooden floors and a high ceiling.

8. Fisherman's Village

Fisherman's Village
Garðabær
United States
Paul L
P7,978
P9,264 total
includes taxes & fees
Oct 20 - Oct 21
Fisherman's Village
A hotel room with a bed, a small table with a bottle of wine, a glass, and a plate of grapes.
A modern kitchen with a flat-screen TV, a dining area with red chairs, and a large window with a city view.
A modern bathroom with a marble countertop, a wooden door, and a mirror.
A modern bathroom with a marble bench, a round mirror, and a wall-mounted light fixture.

9. Arctic Comfort Hotel

Arctic Comfort Hotel
Háaleiti
United States
MARIN
P5,517
P11,372 total
includes taxes & fees
Oct 21 - Oct 22
Arctic Comfort Hotel
A reception area with wooden cabinets, a sign labeled "RECEPTION," and a wooden counter.
A rustic restaurant interior with wooden tables, benches, and a central bar area.

10. Hotel Viking

Hotel Viking
Hafnarfjordur
Germany
Shane
P9,016
P10,417 total
includes taxes & fees
Sep 30 - Oct 1
Hotel Viking
View all properties

Top Reykjavik Hotel Reviews

Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"Great location within a short walk to the downtown shops. Also, there is a great outdoor heated spa/hot tub. The in-house restaurant was also excellent plus you get 15% off meals."
Walter Clyde 4-night trip
Posted 16 hours ago
Miðgarður by Center Hotels
Alva Hotel Brautarholt

Alva Hotel Brautarholt

10/10 Excellent
"Amazingly modern and beautiful hotel! Self check in and checkout were easy, the code system worked really well and the breakfast was absolutely spectacular!! Comfy beds, huge high pressure fantastic showers and an overall great experience! Couldn’t ask for a better hotel!"
Dustin 7-night trip
Posted 21 hours ago
Alva Hotel Brautarholt
Hotel Reykjavík Grand

Hotel Reykjavík Grand

8/10 Good
"Needed an umbrella in the inclement weather but hotel would not supply."
Janet 2-night trip
Posted 2 days ago
Hotel Reykjavík Grand
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Great location with all the basics and breakfast as well. Everything is in walking distance, including many tours. If you get the before check in, there's ample luggage storage."
Shane 2-night trip
Posted 6 days ago
Center Hotels Plaza

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, Old Town Reykjavik is a popular hotel for our travelers in search of a less expensive place to stay and offers free WiFi. Other options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
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 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 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.