Cheap hotels in Reykjavík
Find the Top Cheap and budget hotels in Reykjavík – 50+ Quality Options from Leading Providers
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Hostel
8.8
Great33 reviews10
MapView on map1300 yd from City Center400 yd from Solfar Sun Voyager
From
US$ 38
/night
- Vintage industrial design with eclectic charm
- Exciting events at onsite pop-up bar
- Meeting space styled as boxing gym
Hotel
9.6
Perfect22 reviews10
MapView on map800 yd from City Center500 yd from The Offices of the Cabinet of Iceland
From
US$ 161
/night
- Prime city-center location near attractions
- Well-appointed kitchen facilities in rooms
- Spacious studio and two-bedroom apartments
- Happy Hour
- Bar Lounge
- Underground Parking
1400 yd from City Center300 yd from Laugavegur
From
US$ 240
/night
- Exceptional breakfast buffet selection
- Access to geothermal swimming pools
- Centrally located with quiet surroundings
Hotel
- Lounge area
- Private bathrooms
- Flat-screen TV
1.8 mi from City Center1100 yd from Kringlan Shopping Mall
From
US$ 271
/night
- Easy self-check in with no waiting
- Free coffee and lounge area available
- Free parking around the hotel
Hotel
- Game Room
- Hotel Bar
- Parking Garage
1.0 mi from City Center200 yd from Laugavegur
From
US$ 276
/night
- Proximity to tour bus pick-up points
- Complimentary Icelandic breakfast offerings
- Game room with billiards entertainment
Hotel
9.0
Perfect22 reviews10
- Cozy bar
- Luggage storage
- Business center
1700 yd from City Center300 yd from Laugavegur
From
US$ 231
/night
- Bus stop #12 right outside
- Breakfast variety including local staples
- Outdoor balcony rooms with views
Hotel
9.4
Perfect11 review10
- Mini-bar
- Breakfast buffet
- Lounge area
700 yd from City Center400 yd from The Offices of the Cabinet of Iceland
From
US$ 93
/night
- Deluxe rooms with bay and mountain views
- Friendly and attentive hotel staff
- Centrally located near major attractions
9.8
Perfect22 reviews10
- Free breakfast
- Luggage storage
- Airport transfers
700 yd from City Center300 yd from The Offices of the Cabinet of Iceland
From
US$ 97
/night
- Easy access to nightlife and restaurants
- Complimentary coffee and tea all day
- Discounts at local affiliated restaurants
Hotel
- Concierge Services
- Local Breakfast
- Comfortable Beds
100 yd from City Center200 yd from The Parliament House
From
US$ 214
/night
- Unique local breakfast offerings
- Concierge-level services from staff
- Comfy bed options for restful sleep
Hostel
- Rooftop terrace
- Bar lounge
- Shared kitchen
500 yd from City Center100 yd from The Offices of the Cabinet of Iceland
From
US$ 44
/night
- Rooftop terrace with city views
- Weekly social events for guests
- Certified eco-friendly and accessible
Hostel
7.6
Very good11 review10
- Common Kitchen
- Smart Lockers
- Tour Desk
1.1 mi from City Center600 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 42
/night
- Located at main tourism transportation hub
- Cozy common area with bar services
- Organizes affordable excursions directly
Hotel
- Cozy Bar
- Unique Rooms
- 24/7 Coffee
1000 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 97
/night
- Stunning views of Hallgrimskirkja Church
- Historic architecture with local charm
- Complimentary Icelandic breakfast selections
Hotel
9.0
Perfect22 reviews10
1.2 mi from City Center500 yd from Laugavegur
From
US$ 129
/night
Boasting a location within a 9-minute walk of Icelandic Phallological Museum, the 3-star 22 Hill Reykjavik offers 62 rooms together with a snack bar onsite.
Hotel
- Kitchenette
- Seating area
- Private bathroom
1300 yd from City Center500 yd from Hallgrímskirkja Church
From
US$ 138
/night
- Modern apartments with kitchenettes
- Self check-in for quick access
- Prime location near shopping
Guest house
- Breakfast Buffet
- Locked Storage
- Self-Service Kitchen
1000 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 127
/night
- Direct views of Hallgrimskirkja
- Complimentary breakfast with homemade bread
- Personalized tour booking assistance
Hotel
- Free Parking
- Shared Kitchen
- Bicycle Rental
1.3 mi from City Center600 yd from Laugavegur
From
US$ 112
/night
- Self-check-in convenience with no reception
- Free parking available on-site
- Shared kitchen with free coffee 24/7
Hotel
- Breakfast Bar
- Concierge Service
- Local Events
From
US$ 171
/night
- Locally sourced breakfast with Icelandic produce
- Historic building charm with modern renovations
- On-site bar hosting local music events
Hotel
- Homemade cakes
- Free parking
- Private balconies
1.7 mi from City Center900 yd from Kringlan Shopping Mall
From
US$ 162
/night
- Free homemade snacks available all day
- Personalized service from the owner Maria
- Heated bathroom floors for comfort
Hostel
- Electric chargers
- Family rooms
- Bar & café
2.0 mi from City Center1.1 mi from Laugavegur
From
US$ 39
/night
- Eco-certified with sustainable practices
- Adjacent to largest geothermal pool
- On-site café with organic offerings
Guest house
6.0
Guest rating11 review10
- Communal Kitchen
- Laundry Facilities
- Shared Bathroom
900 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 97
/night
- Family-owned with friendly staff assistance
- Communal kitchen for guest convenience
- Close to Hallgrimskirkja Church attractions
Hostel
- On-site dining
- Communal kitchen
- Event space
1600 yd from City Center200 yd from Laugavegur
From
US$ 20
/night
- Central location near major attractions
- Affordable on-site dining options available
- Spacious communal kitchen facilities
Bed & Breakfast
8.8
Great11 review10
- Cozy Common Areas
- In-House Recommendations
- Homey Kitchen
200 yd from City Center300 yd from The Parliament House
From
US$ 262
/night
- Candle-lit family style breakfasts
- Historic building with unique decor
- Cozy common areas for socializing
Guest house
- Shared Kitchen
- Board Games
- Free Parking
1700 yd from City Center500 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 92
/night
- Free food-sharing initiatives promote sustainability
- Personalized service enhances travel experience
- Cozy communal kitchen fosters guest interaction
- Outdoor seating
- Cozy lounges
- Icelandic breakfast
1.6 mi from City Center1400 yd from Laugavegur
From
US$ 154
/night
- Self check-in system for convenience
- Chic minimalist design adds ambiance
- Proximity to nature trails for activities
Guest house
- Communal lounge
- Free parking
- Breakfast buffet
1.1 mi from City Center500 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 612
/night
- Communal lounge and terrace area
- Breakfast buffet served daily
- On-site golf course access
Hostel
- Comfortable Beds
- Spacious Kitchen
- Self-service Check-out
2.7 mi from City Center1600 yd from Kringlan Shopping Mall
From
US$ 59
/night
- Automated check-in for convenience
- Access to various outdoor activities
- Fully equipped communal kitchen
Guest house
- Free Parking
- Shared Bathrooms
- Wi-Fi Access
1.0 mi from City Center200 yd from Laugavegur
From
US$ 160
/night
- Rooms with private or shared bathrooms
- 50 metres from Laugavegur street
- Walking distance to Hallgrimskirkja Church
Hotel
10.0
Perfect11 review10
2.1 mi from City Center1000 yd from Kringlan Shopping Mall
From
US$ 69
/night
Harpa Concert Hall and Conference Centre is 2.1 miles from the comfortable 3-star Arctic Comfort Reykjavik and Grasagardur Botanical Garden is just 0.7 miles away.
Guest house
- Shared Kitchen
- Community Dining
- Furnished Terrace
1200 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 107
/night
- Community dining with local food specialties
- Exceptional hospitality from welcoming hosts
- Prime location near Hallgrimskirkja landmark
Hotel
- Hot tub
- Games room
- Bar lounge
800 yd from City Center400 yd from Solfar Sun Voyager
From
US$ 150
/night
- Hot tub and games room available
- 24-hour front desk and security
- Air-conditioned, comfortable rooms
Hotel
- Secure luggage storage
- Digital check-in
- Complimentary parking
1.3 mi from City Center600 yd from Laugavegur
From
US$ 677
/night
- Self check-in for convenient access
- Cleanliness standards highly praised
- Modern decor and comfort throughout
Guest house
- Shared Kitchen
- Free Parking
- Express Check-in
1100 yd from City Center300 yd from Hljomskalagardurinn
From
US$ 293
/night
- Near BSI bus terminal for airport access
- Options for private or shared bathrooms
- Shared kitchen for guest use
Guest house
- Hot tub
- Family rooms
- Sun terrace
800 yd from City Center300 yd from Hljomskalagardurinn
From
US$ 167
/night
- On-site hot tub for relaxation
- Family rooms available
- Express check-in and check-out
Aparthotel
- Kitchenette
- Balcony
- Self Check-In
1300 yd from City Center400 yd from Hallgrímskirkja Church
From
US$ 121
/night
- Proximity to public thermal baths
- Cozy balconies for relaxation
- Basic cooking ingredients provided
Guest house
- Private Rooms
- Shared Kitchen
- Gastro Pub
1.7 mi from City Center1600 yd from Laugavegur
From
US$ 98
/night
- Family-owned with local food offerings
- Tasty local ingredients from nearby producers
- Central location near Laugardalur valley
Hostel
- Shared kitchen
- Leisure room
- City views
1300 yd from City Center300 yd from Hallgrímskirkja Church
From
US$ 41
/night
- Outdoor garden and shared lounge space
- Close to major Reykjavík attractions
- Shared kitchen for guest use
Hotel
- Private bathroom
- Satellite TV
- Seating area
1800 yd from City Center100 yd from Laugavegur
From
US$ 150
/night
- Tastefully designed rooms with classic décor
- Intimate setting on Laugavegur street
- Adults-only environment for relaxation
Hotel
- Family rooms
- Games area
- Community lounge
1.3 mi from City Center700 yd from Laugavegur
From
US$ 149
/night
- Unique family rooms with lofts
- Complimentary homemade cakes daily
- Games area for family entertainment
Hostel
- Shared kitchen
- Leisure room
- Garden
1400 yd from City Center300 yd from Hallgrímskirkja Church
From
US$ 85
/night
- Close to Laugavegur Shopping Street
- Garden view rooms available
- Free private parking offered
Hostel
- Shared lounge
- Bar area
- Luggage storage
1500 yd from City Center500 yd from Hallgrímskirkja Church
From
US$ 106
/night
- Shared kitchen for guest use
- Lounge area for socializing
- Happy hour at the bar
Aparthotel
- Mountain Views
- Fully Equipped Kitchen
- Private Check-in
300 yd from City Center200 yd from Reykjavik Old Harbour
From
US$ 118
/night
- Views of mountains and city skyline
- Fully equipped kitchens in select units
- Private check-in and check-out available
Guest house
100 yd from City Center100 yd from The Parliament House
From
US$ 118
/night
Set around 11 minutes' stroll from Laugavegur, the Kastali Guesthouse Reykjavik features 51 rooms with shared bathrooms.
Guest house
- Self-service check-in
- Shared kitchen
- Luggage storage
800 yd from City Center400 yd from Hallgrímskirkja Church
From
US$ 116
/night
- Self-service check-in for convenience
- Shared kitchen for guest cooking
- Luggage storage for travel ease
Guest house
- Car rental
- Tour desk
- Luggage storage
1000 yd from City Center300 yd from Hallgrímskirkja Church
From
US$ 186
/night
- Self-catering accommodations with kitchen utensils
- Bicycle and car rental services available
- Tour desk for local adventure planning
Hostel
- Shared kitchen
- Restaurant
- Lounge area
900 yd from City Center200 yd from National Museum of Iceland
From
US$ 122
/night
- Shared kitchen for guest convenience
- Shared lounge with leisure activities
- Happy hour and nightlife options
Guest house
1700 yd from City Center500 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 81
/night
Located within 0.4 miles of Hallgrimskirkja, the Central Guesthouse Reykjavik is 0.9 miles from Rathhus.
Hostel
- Gastro pub
- Shared kitchens
- Luggage storage
1.7 mi from City Center1600 yd from Laugavegur
From
US$ 29
/night
- Family-owned with local food offerings
- Geothermal hotspot located in Laugardalur
- Shared kitchen and living areas
- Family Rooms
- Tour Desk
- Golf Course
1.9 mi from City Center1200 yd from Kringlan Shopping Mall
From
US$ 220
/night
- Family rooms with seating areas
- Express check-in and check-out
- On-site golf course access
- Shared kitchen
- Luggage storage
- Express check-in
400 yd from City Center400 yd from Reykjavik Old Harbour
From
US$ 151
/night
- Shared kitchen for guest cooking needs
- Luggage storage for easy access
- Express check-in for quick arrivals
Guest house
500 yd from City Center200 yd from The Offices of the Cabinet of Iceland
From
US$ 115
/night
While staying at the Rainbow Guesthouse Reykjavik you are invited to discover Whales of Iceland, set a 20-minute walk away, or The Culture House, which is 0.2 miles away.
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Top Cheap Hotel Picks in Reykjavík
How much is a hotel room per night?
These hotels are close to landmarks like Hallgrímskirkja and Harpa Concert Hall, and within a short walk to the BSI Bus Terminal for easy day trips. Prices start around $80 per night, with many options rated above 7/10 by guests.
3 star:
$80-$150
4 star:
$150-$250
5 star:
$250-$400
Top Recommended Cheap Apartments and B&Bs in Reykjavík
City Center, 1 km from Hallgrímskirkja
A budget-friendly hostel featuring free Wi-Fi and private parking. It's near the Reykjavik Art Museum: Kjarvalsstadir and the Pearl, with Reykjavík Domestic Airport 1.2 miles away.
City Center, 1 km from Hallgrímskirkja
This hostel offers free Wi-Fi and a communal kitchen. It is a short walk from Harpa Concert Hall and Whale watching trips can be accessed from Reykjavik Harbor.
Midtown, 4 km from Hallgrímskirkja
Modern rooms with free Wi-Fi and family accommodations are available. Local buses stop across the street and the Kringlan Shopping Center is within walking distance.
Top Recommended Cheap Boutique Hotels in Reykjavík
8-minute drive from central Reykjavík
The brightly decorated rooms include free Wi-Fi and a work desk. The Kringlan Shopping Center is 0.6 miles away and Laugardalslaug Swimming Pool is 1 mile from the hotel.
0.6 miles from Laugardalur Family Park
This design hotel features rooms decorated with artwork inspired by the Icelandic calendar. Central Reykjavík is 1.2 miles away and local buses stop nearby.
Laugavegur, 2 km from Hallgrímskirkja
This hotel features individually decorated rooms with classic decor. Hlemmur Bus Stop is only 328 feet away and Reykjavík Art Museum Hafnarhús is in walking distance.
Top Recommended Cheap Central Hotels in Reykjavík
Reykjavik 101 district, 1 km from Hallgrímskirkja
This hostel is near Hlemmur Bus Terminal and offers separate bathrooms. It's within walking distance of the Reykjavik Cathedral and the Icelandic Phallological Museum.
1.2 miles from Nauthólsvík Geothermal Beach, 2 km from Hallgrímskirkja
This hostel includes a shared lounge and kitchen, plus free parking. It's close to The Pearl and Reykjavik Art Museum: Kjarvalsstadir.
Laugavegur street, 2 km from Hallgrímskirkja
This guest house offers free Wi-Fi and private or shared bathrooms. It's a short walk to Laugardalslaug Geothermal Pool and nearby bus services.
Top Recommended Cheap and Budget Hotels in Reykjavík
City Center, 1 km from Hallgrímskirkja
The hostel features a garden, free Wi-Fi, and close proximity to attractions like the Reykjavik Art Museum and Harpa Concert Hall. Nauthólsvík Geothermal Beach is 1.5 miles away.
3 km from Hallgrímskirkja
This budget hotel offers free Wi-Fi and private bathrooms in all rooms. Shopping and museums are within a 5-minute walk.
3 km from Hallgrímskirkja
The property has family rooms with free Wi-Fi and self check-in. It's close to Laugardalsholl Stadium and Reykjavik Art Museum: Kjarvalsstadir.
