The 10 best cheap hotels in Reykjavík, Iceland | Booking.com
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Cheap hotels in Reykjavík

Find the cheap hotels that appeal to you the most

The best cheap hotels in Reykjavík

Check out our pick of great cheap hotels in Reykjavík

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CityHub Reykjavik

Hotel in Reykjavík 101, Reykjavík

Central Location: CityHub Reykjavik is situated in the city centre of Reykjavík, offering easy access to key attractions.

A
Adriana
From
Brazil
We stayed at CityHub Reykjavik in May 2025 and absolutely loved everything about it. The concept is modern, comfortable, and super practical. The location is excellent, the common areas are cozy and well-designed, and the self-check-in process was smooth and easy. A special thank you to the staff for the lovely birthday surprise they prepared in the room for my husband — it was such a thoughtful touch and made our stay even more memorable! There’s really nothing negative to mention. I would definitely recommend CityHub to anyone visiting Reykjavik, especially couples and travelers who appreciate style, comfort, and a unique hotel experience.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 960 reviews
Price from
US$119.46
1 night, 2 adults

Nordic Hostel

Reykjavík 101, Reykjavík

Nordic Hostel is well located in the centre of Reykjavík, and provides a shared lounge, free WiFi and a bar.

S
Seb90
From
Switzerland
Clean + Friendly staff + Comfortable beds + Shades very helpful for midnight sun + Nice shower with nice hot water + Nice interior in the bar + Location
Scored out of 10, guest rating 9.3
Superb - What previous guests thought, 878 reviews
Price from
US$132.50
1 night, 2 adults

Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side

Reykjavík East, Reykjavík

Situated in Reykjavík and only 4.5 km from The Pearl, Lara Studio in Laugardalur valley, Reykjavík Central Park and Botanical Garden, Private entrance, FREE Private Parking on side features...

S
Shin
From
France
Very cosy and comfy stay in Lara's Studio. Easy to get to town by public transport. We particularly loved the staff putting out complimentary snacks and drinks. Very thoughtful, and much-appreciated when reaching late. The staff also allowed us to borrow and then keep a book on Norse mythology, which was super cool !
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 154 reviews
Price from
US$244.92
1 night, 2 adults

Iceland SJF Apartments - 201

Reykjavík East, Reykjavík

Set in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.3 km from Solfar Sun Voyager, Iceland SJF Apartments - 201 offers air-conditioned accommodation with a balcony and free WiFi.

M
Maciuca Daniel
From
Romania
All perfect, new appartement very beautiful. End perfect location close to centre,
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 126 reviews
Price from
US$396.04
1 night, 2 adults

Iceland SJF Apartments - 503

Reykjavík East, Reykjavík

A recently renovated apartment set in the Reykjavík East district of Reykjavík, Iceland SJF Apartments - 503 offers accommodation with with a garden, parking on-site and free WiFi.

J
Jón Kristinn
From
Iceland
This is the 2nd time I stay with this host, that says a lot about the host.
Scored out of 10, guest rating 9.4
Superb - What previous guests thought, 135 reviews
Price from
US$500.26
1 night, 2 adults

Iceland SJF Apartments - 401

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.9 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Iceland SJF Apartments - 401 features air-conditioned accommodation with a balcony and free WiFi.

B
Beatrice
From
Singapore
Bedroom overlooking a beautiful mountain. The beds were comfortable to sleep on. Spacious apartment and clean too. Having laundry facilities below is a blessing
Scored out of 10, guest rating 9.6
Exceptional - What previous guests thought, 179 reviews
Price from
US$396.04
1 night, 2 adults

Lundur Apartments - Down Town

Reykjavík 101, Reykjavík

Ideally set right in the centre of Reykjavík, Lundur Apartments - Down Town is a recently renovated apartment, featuring free WiFi and private parking.

K
Kongjing
From
Belgium
The apartment is very clean and very comfortable. The kitchen is well equipped with quality utensils.
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 129 reviews
Price from
US$478.37
1 night, 2 adults

Center Apartments - Esja

Reykjavík East, Reykjavík

2.8 km from Nauthólsvík Geothermal Beach, Center Apartments - Esja is situated in Reykjavík and features air-conditioned rooms with free WiFi. Guests staying at this apartment have access to a...

I
Ivana
From
Slovakia
Our stay was very nice, room was cleen, room equipment perfect, personal very pleasant, free parking, shop was near. Thanks for everything👍😊
Scored out of 10, guest rating 9.0
Superb - What previous guests thought, 249 reviews
Price from
US$324.24
1 night, 2 adults

Center apartments - Hekla

Reykjavík East, Reykjavík

Situated in Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager, Center apartments - Hekla features air-conditioned accommodation with a balcony and free WiFi.

B
Berro
From
Netherlands
The host was very friendly especially for extra towels. He was nice enough to give us good locations for the aurora. The apartment is cosy and exactly what we needed.
Scored out of 10, guest rating 9.2
Superb - What previous guests thought, 152 reviews
Price from
US$291.82
1 night, 2 adults

B 18-20 Apartments

Reykjavík East, Reykjavík

Offering city views, B 18-20 Apartments is set in the Reykjavík East district of Reykjavík, 2.8 km from Nauthólsvík Geothermal Beach and 1.4 km from Solfar Sun Voyager.

K
Klara
From
Sweden
Very clean and newly built apartment with views of the water and Hallgrímskirkja. Clear check-in instructions (key box) that were sent in good time. We only stayed one night, but would have loved to stay longer.
Scored out of 10, guest rating 9.1
Superb - What previous guests thought, 316 reviews
Price from
US$290.77
1 night, 2 adults
All cheap hotels in Reykjavík

Looking for a cheap hotel?

For those on a budget, these cheap and cheerful hotels still have a lot to offer, with most offering WiFi and convenient locations. Popular with backpackers, many properties can be found in central locations and include comfortable rooms with private or shared bathrooms. You’ll also find a number of options which feature a 24-hour front desk and luggage storage.

Most booked cheap hotels in Reykjavík and surroundings in the past month

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  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.3
    Very good - What previous guests thought, 1,976 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 3,438 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 2,586 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 4,419 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 3,836 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 5,056 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,688 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 4,571 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 6,897 reviews
  • Popular with guests booking cheap hotels in Reykjavík

    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 3,771 reviews

Great access to the city centre. Check these cheap hotels in Reykjavík and nearby

  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 471 reviews

    This hotel is located about 5 minutes' walk from Harpa Concert Hall. Reykjavik Konsulat Hotel, Curio Collection By Hilton in Reykjavík features a bath house and complimentary fitness centre.

    From US$310.23 per night
  • Scored out of 10, guest rating 9.1
    Superb - What previous guests thought, 819 reviews

    Hotel Reykjavík Saga features a fitness centre, garden, a terrace and restaurant in Reykjavík. With free WiFi, this 4-star hotel offers room service and a 24-hour front desk.

    From US$335.31 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 292 reviews

    Located in the centre of Reykjavík, Day Dream Historical Grjótagata 4 provides rooms with free WiFi. The property has garden and city views, and is 1.2 km from Hallgrímskirkja Church.

    From US$325.11 per night
  • Scored out of 10, guest rating 9.5
    Exceptional - What previous guests thought, 68 reviews

    Set less than 1 km from Solfar Sun Voyager and a 12-minute walk from Hallgrímskirkja Church in the centre of Reykjavík, Private Lux 2BR & 2BA City Center with Free Parking offers accommodation with...

  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,714 reviews

    Featuring a lounge, bar and a rooftop terrace with a city view, this eco-hostel is just a few steps away from Laugavegur, Reykjavík's main social hub.

    From US$195.66 per night
  • Scored out of 10, guest rating 9.2
    Superb - What previous guests thought, 598 reviews

    These luxury apartments in central Reykjavik are just 350 metres from Old Reykjavik Harbour. Each features free WiFi, contemporary furnishings, an iPad and city-view balcony.

    From US$396.04 per night
  • Scored out of 10, guest rating 8.9
    Fabulous - What previous guests thought, 2,744 reviews

    Newly renovated during the spring of 2023, Hotel Local 101 is an independent hotel quietly tucked away in the heart of downtown Reykjavik, on a charming street made up of classical Icelandic homes.

    From US$173.12 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 1,181 reviews

    Set within 1.4 km of Hallgrímskirkja Church and 1.3 km of Solfar Sun Voyager in Reykjavík, Day Dream Vesturgata 17 Reykjavik offers accommodation with seating area.

    From US$234.49 per night

Enjoy breakfast in Reykjavík and nearby

  • Exeter Hotel

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 2,775 reviews

    This contemporary design hotel is set in Reykjavík's Old Harbour area, 500 metres from Harpa Concert Hall & Conference Centre.

    From US$268.66 per night
  • ALVA Apartments

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 711 reviews

    ALVA Apartments offers accommodation within 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with a dishwasher, an oven and a toaster.

    From US$238.55 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 524 reviews

    Located just a 2-minute walk from Laugavegur Shopping Street, Canopy by Hilton Reykjavik City Centre in Reykjavík boasts a number of amenities including a fitness centre and a bar.

    From US$337.60 per night
  • Hotel Ódinsvé

    Reykjavík
    Breakfast options
    Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,300 reviews

    Hotel Odinsve is 400 metres from Laekjartorg Square in central Reykjavik. It offers free Wi-Fi internet. All rooms have satellite TV, hardwood floors and a tea/coffee maker.

    From US$237.97 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 2,091 reviews

    Offering city views, Vintage Apartment Hotel is set along Laugavegur Shopping Street in Reykjavík. Hallgrímskirkja Church is 300 metres away. The accommodation has a flat-screen TV.

    From US$295.29 per night
  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,234 reviews

    Located in the calm Thingholt neighbourhood, this family-owned guest house is in Reykjavik is just 450 metres from the shopping Laugavegur Street.

    From US$136.64 per night
  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 491 reviews

    Day Dream L23 Guesthouse features accommodation within 800 metres of the centre of Reykjavík, with free WiFi, and a kitchenette with a microwave, a fridge and a stovetop.

    From US$220.83 per night
  • Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 1,459 reviews

    Located on Laugavegur shopping street in central Reykjavik, this hotel offers rooms with a flat-screen TV and free WiFi access. Hallgrimskirkja Church is a 5-minute walk away.

    From US$263.57 per night

Stay connected in Reykjavík and nearby. Cheap hotels with free WiFi

  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 1 review

    Spacious 3Bedroom Apartment on Rainbow Street in Reykjavík offers accommodation with free WiFi, 500 metres from Hallgrímskirkja Church, 2.8 km from The Pearl and 49 km from Blue Lagoon.

  • Scored out of 10, guest rating 8.0
    Very good - What previous guests thought, 15 reviews

    Situated 400 metres from Hallgrímskirkja Church and less than 1 km from Solfar Sun Voyager in the centre of Reykjavík, Cultural Gem in the Heart of Central Reykjavík features accommodation with free...

  • Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 1,241 reviews

    Just off the Laugavegur shopping street, Grettir Guesthouse Downtown Charm features self-service check-in. This property is a 5-minute walk from Hallgrimskirkja Church. Free WiFi is available.

    From US$165.20 per night
  • Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 65 reviews

    Attractively located in Reykjavík, Downtown Baldursbrá - Two Bedroom Apartment features express check-in and check-out and parking on-site.

  • Scored out of 10, guest rating 8.5
    Very good - What previous guests thought, 2,619 reviews

    All units at The Swan House by Heimaleiga feature a flat-screen TV, wooden floors and minimalist-style decor.

    From US$268.02 per night
  • Scored out of 10, guest rating 8.8
    Fabulous - What previous guests thought, 351 reviews

    Baldur Apartments features accommodation within less than 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with an oven, a microwave and a fridge.

  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 75 reviews

    In the Reykjavík 101 district of Reykjavík, close to Hallgrímskirkja Church, Freyjugata Apartments by Heimaleiga features a terrace and a washing machine.

    From US$283.65 per night
  • Scored out of 10, guest rating 8.4
    Very good - What previous guests thought, 1,597 reviews

    Set in a building dating back to 1916, this Reykjavík guest house is within 5 minutes’ walk of the popular Laugavegur shopping street. Both WiFi and private, on-site parking are free.

    From US$221.54 per night

FAQ about cheap hotels in Reykjavík

Cheap hotels that guests love in Reykjavík

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  • Avg. price/night: US$185.40
    Scored out of 10, guest rating 8.7
    Fabulous - What previous guests thought, 887 reviews
    Brilliant location close to Reykjavik!! There is a supermarket around the corner which is one of the cheaper ones in Iceland. Apartment was spotless with brilliant facilities including a kitchen we cooked 3 main meals in and had good facilities to do this. I would 1000% recommend this apartment complex to anyone visiting Reykjavik. We were even lucky enough to see the Northern lights from our balcony! It has everything you need and nothing seemed too much to ask. Thank you so much for having us!
    Guest review by
    chloe
    Young couple
  • Avg. price/night: US$136.64
    Scored out of 10, guest rating 7.9
    Good - What previous guests thought, 2,234 reviews
    Very clean room, good quality typical Nordic breakfast, I liked the atmosphere of the whole place. Comfortable bed, and the room was big enough for a single room at a budget accommodation. Check in took just a few seconds, only to tell my name and then get the keys. I stayed for a whole week, using Reykjavik as a base for exploring western and southern Iceland. The price was very affordable considering how expensive accommodation is in general in Reykjavik.
    Guest review by
    Magnus.P
    Solo traveller
  • Avg. price/night: US$130.68
    Scored out of 10, guest rating 8.1
    Very good - What previous guests thought, 3,688 reviews
    Location is quite OK - not far (on foot) from the BSI station and also from the city center - so ideal if you need to catch an early bus (like we needed), and of course - it's cheap. Showers/toilets were very clean.
    Guest review by
    Eva
    Group