Cheap Hotels in Reykjavik

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Cheap Hotels in Reykjavik

Restaurant
Hotel Von

Hotel Von

3.5 star property
Downtown Reykjavik
9.4 out of 10, Exceptional, (1000)
$140 nightly
The price is $161
Dec 16 - Dec 17
Total with taxes and fees
Hotel Von
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.
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Top neighborhoods in Reykjavik

Reykjavik which includes interior views, religious elements and a church or cathedral

Downtown Reykjavik

Home to Iceland's national parliament and vibrant nightlife, Reykjavík City Center boasts landmarks like Tjörnin pond, Hallgrímskirkja, and lively Austurstræti and Bankastræti streets.

Reykjavik showing fashion and shopping

Laugardalur

Just east of Reykjavík's city center, Laugardalur offers various recreational facilities, including the main stadium. Known as "hot spring valley," it's perfect for travelers seeking leisure activities.

Háaleiti

Reykjavik's Háaleiti neighborhood offers attractions including Kringlan Shopping Mall.

Reykjavik Harbour showing general coastal views, a sunset and a bay or harbor

Vesturbær

Mostly residential with a touch of commercial activity at Grandi harbor, this district boasts the University of Iceland and the community-centered Vesturbæjarlaug swimming pool.

Reykjavik featuring outdoor art

Tún

Reykjavik's Tún neighborhood has a host of places to visit such as Hofdi House and Laugavegur.

Top landmarks in Reykjavik

Reykjavik Harbour
Reykjavik Harbour featuring a sunset, general coastal views and outdoor art

Reykjavik Harbour

4.5/5(1,363 reviews)

You can stroll along Reykjavik Harbour for relaxing water views when you're in Vesturbær. Our travelers also like the museums in the area— your cultural tour starts here. It's also full of great shops and restaurants, so you can spend the afternoon having a wander.

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Laugavegur
Reykjavik showing street scenes

Laugavegur

4.5/5(978 reviews)

If you want to give your credit card some exercise, head out to Laugavegur in Downtown Reykjavik. It's also full of great shops and restaurants, so you can spend the afternoon having a wander. Splash some more cash at Skólavörðustígur.

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Frequently asked questions

How much is a cheap hotel in Reykjavik?
In Reykjavik, there are 13 budget hotels to choose from. Remember to sort your results by "Price: low to high" when searching for the cheapest Reykjavik hotels.
  • Take a look at the lowest price per night from $91
What is the cheapest area in Reykjavik?
When you're looking for cheap hotels in Reykjavik, location is key. Downtown Reykjavik and Laugardalur often have great budget-friendly options available. Are you looking to stay in another area of the city? Pinpoint low-cost hotels in the another part of town using our map feature.
What are the best cheap hotels in Reykjavik?
For a cheap hotel in Reykjavik with glowing reviews, consider Hotel Von, which features free WiFi, a bar and a restaurant. You can also look at KEX Hostel and Hotel Reykjavik or Hostel B47.
Can I stay in a hostel in Reykjavik?
Hostels can be a cheaper alternative to Reykjavik hotels, as you can stay in a shared dormitory. There are 11 hostels in Reykjavik. KEX Hostel and Hotel Reykjavik offers free in-room WiFi and a bar. Hostel B47 has free WiFi in public areas and free parking. Bus Hostel Reykjavik is another low-cost option.
What are the best cheap things to do in Reykjavik?
Sightseeing doesn't have to be expensive. For some things to do in Reykjavik, stroll along Laugavegur or you can get outdoors at Reykjavik Pond. Be certain to include a visit to Oskjuhlid Hill.

Find out more about Reykjavik

Exploring Reykjavik on a budget

Reykjavik, the vibrant capital of Iceland, offers a wealth of budget-friendly experiences that make it an ideal destination for travelers seeking affordable adventures. Launch your adventure at the stunning Hallgrímskirkja, an iconic church with a small entry fee to the tower for panoramic views of the city. Next, stroll through the charming streets of the Old Harbor, where you can enjoy the sight of colorful boats and perhaps catch a glimpse of some local wildlife, such as puffins, at no cost. For art lovers, the Reykjavik Art Museum offers free admission to select exhibitions, showcasing contemporary Icelandic talent. Don’t miss the opportunity to visit the Sun Voyager sculpture at sunset, a picturesque spot perfect for photos. Finally, the city’s many parks, like the lush Laugardalur Park, provide an excellent backdrop for a leisurely walk or picnic, free of charge. For budget accommodations, consider staying in the lively downtown area, where a variety of cheap hotels ensure hassle-free access to these attractions and a dynamic atmosphere to explore local cafes and shops. Enjoy the unique blend of culture and affordability that Reykjavik has to offer, making your trip both memorable and wallet-friendly.
Exploring Reykjavik on a budget

How to find the best cheap hotels in Reykjavik?

 

✅  There are lots of cheap hotels available in Reykjavik in 2026. What's more, our rewards programOpens in a new window makes Reykjavik hotels an even better choice for travelers on a budget. 

 

✅  Whether you're looking for a hostel, apart-hotel or Bed & Breakfast, there's something for every type of traveler in Reykjavik on Hotels.com – use the helpful search filters to find some of the cheapest hotels in Reykjavik for your budget-friendly stay. 

 

✅  You'll find lots of cheap hotels in Reykjavik – with Hotels.com. With so many choices, we recommend you use the search filter for price limits to narrow down your options. 

 

✅  The best time of year for an affordable vacation to Reykjavik is during low season. This is when fewer people visit and there is a wider range of cheap Reykjavik hotels available.  

 

✅  There are plenty of things to see and do in Reykjavik on a budget! From exploring the city's iconic landmarks and museums to enjoying the great outdoors and local parks, there is something for everyone in Reykjavik. 

 

✅  If you're looking to travel to Reykjavik on a budget, there are plenty of ways to save. One option is to consider booking your travel during off-peak times when prices for flights, hotels, and attractions may be lower. Another option is budget-friendly transportation, such as local public transportation like buses or trains. 

 

✅  To find the great budget hotels in Reykjavik for families, use our "Family friendly" filter under the "Travel experience" header. This will filter for family-friendly accommodation essentials.  

 

*Prices and availability are subject to change. Additional terms may apply. 

 

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