TOP Cheap Hotels in Reykjavik for 2026

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

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Our top choices for Reykjavik cheap hotels

Family Suite Large | In-room safe, desk, blackout curtains, free WiFi

1. 201 Hotel

Kópavogur

Karen

4.653.362 ₫

5.334.786 ₫ total

includes taxes & fees

7 Sept - 8 Sept

2. Exeter Hotel

Downtown Reykjavik

David

6.071.446 ₫

6.908.859 ₫ total

includes taxes & fees

1 Sept - 2 Sept

3. Reykjavik Lights by Keahotels

Háaleiti

Patricia

6.218.217 ₫

7.072.076 ₫ total

includes taxes & fees

9 Sept - 10 Sept

55-inch flat-screen TV with digital channels, TV, heated floors

4. Lighthouse Inn

Suðurnesjabær

Fung

5.520.908 ₫

6.297.762 ₫ total

includes taxes & fees

29 Aug - 30 Aug

Triple Room | Desk, laptop workspace, blackout curtains, soundproofing

5. Konvin Hotel by Reykjavik Keflavik Airport

Reykjanesbær

Peter

6.745.446 ₫

7.656.596 ₫ total

includes taxes & fees

8 Sept - 9 Sept

6. CityHub Reykjavik

Downtown Reykjavik

Ingrid

3.726.038 ₫

4.305.456 ₫ total

includes taxes & fees

19 Aug - 20 Aug

Standard Double or Twin Room | Desk, laptop workspace, blackout curtains

7. Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

Suðurnesjabær

Brian

9.853.157 ₫

11.106.558 ₫ total

includes taxes & fees

2 Sept - 3 Sept

Classic Single Room, Patio View | View from room

8. Hotel Von

Downtown Reykjavik

Gustavo Londono

6.474.874 ₫

7.357.086 ₫ total

includes taxes & fees

9 Sept - 10 Sept

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Top Reykjavik Hotel Reviews

Center Hotels Plaza

10/10 Excellent

"Great staff. We didn't check in until after midnight and needed late checkout. They were very accomindating"

Hotel Reykjavík Grand

10/10 Excellent

"The hotel was very nice. Comfortable beds - good amenities in the bathroom. Nice lobby and atrium. Short walk to the harbor walk."

Alda Hotel Reykjavik

8/10 Good

"clean"

Alva Hotel Brautarholt

10/10 Excellent

"Hotel was easy to gain access and met our needs for the evening. Room was very clean and updated."

Center Hotels Arnarhvoll

8/10 Good

"Room was clean but because of the post pride parade party the hotel was a bit of a mess. The outdoor top deck had broken glass, cig butts, etc. And, it needed some seating. The shower in the standard room is a joke. Tiny and the entire bathroom gets wet when you shower. Very quiet and a good location"

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.

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, 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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Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

1. 201 Hotel

2. Exeter Hotel

3. Reykjavik Lights by Keahotels

4. Lighthouse Inn

5. Konvin Hotel by Reykjavik Keflavik Airport

6. CityHub Reykjavik

7. Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

8. Hotel Von

9. Hotel Fron

10. Hotel Vellir

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Hotel Reykjavík Grand

Alda Hotel Reykjavik

Alva Hotel Brautarholt

Center Hotels Arnarhvoll

Frequently asked questions

Search Cheap Hotels in Reykjavik

Change your mind

Treat yourself

Be picky

Check availability on Reykjavik Cheap Hotels

Our top choices for Reykjavik cheap hotels

1. 201 Hotel

2. Exeter Hotel

3. Reykjavik Lights by Keahotels

4. Lighthouse Inn

5. Konvin Hotel by Reykjavik Keflavik Airport

6. CityHub Reykjavik

7. Aurora Hotel at Reykjavik-Keflavik Airport Terminal KEF

8. Hotel Von

9. Hotel Fron

10. Hotel Vellir

Top Reykjavik Hotel Reviews

Center Hotels Plaza

Hotel Reykjavík Grand

Alda Hotel Reykjavik

Alva Hotel Brautarholt

Center Hotels Arnarhvoll

Frequently asked questions