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
Great172172 reviews10
MapView on map1300 yd from City Center400 yd from Solfar Sun Voyager
From
US$ 39
/night
- Vintage industrial design with eclectic charm
- Exciting events at onsite pop-up bar
- Meeting space styled as boxing gym
8.2
Great384384 reviews10
MapView on map1400 yd from City Center300 yd from Laugavegur
From
US$ 187
/night
- Exceptional breakfast buffet selection
- Access to geothermal swimming pools
- Centrally located with quiet surroundings
Hotel
8.2
Great497497 reviews10
- Bar
- Luggage Storage
- Local Tours
1300 yd from City Center400 yd from Solfar Sun Voyager
From
US$ 191
/night
- Complimentary evening soup and bread
- Access to Northern Lights tours
- Historical 19th-century building charm
Hotel
8.2
Great362362 reviews10
- Game Room
- Hotel Bar
- Parking Garage
1.0 mi from City Center200 yd from Laugavegur
From
US$ 219
/night
- Proximity to tour bus pick-up points
- Complimentary Icelandic breakfast offerings
- Game room with billiards entertainment
8.2
Great332332 reviews10
- Dining Lounge
- Indoor Parking
- Happy Hour
1.9 mi from City Center1300 yd from Kringlan Shopping Mall
From
US$ 134
/night
- Cultural decor showcasing Icelandic history
- Mountain view rooms enhancing experience
- 24-hour bus passes available at reception
Hotel
8.0
Great412412 reviews10
- 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
Hostel
8.8
Great143143 reviews10
- Rooftop terrace
- Bar lounge
- Shared kitchen
500 yd from City Center100 yd from The Offices of the Cabinet of Iceland
From
US$ 38
/night
- Rooftop terrace with city views
- Weekly social events for guests
- Certified eco-friendly and accessible
8.2
Great468468 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
8.2
Great430430 reviews10
- Concierge Services
- Local Breakfast
- Comfortable Beds
100 yd from City Center200 yd from The Parliament House
From
US$ 174
/night
- Unique local breakfast offerings
- Concierge-level services from staff
- Comfy bed options for restful sleep
Hotel
8.2
Great328328 reviews10
- Luggage storage
- 24-hour reception
- Pets allowed
1600 yd from City Center300 yd from Laugavegur
From
US$ 172
/night
- Centrally located near Laugavegur
- Stylish rooms with satellite TV
- Early breakfast upon request
Hotel
8.2
Great468468 reviews10
- Family Suite
- Cocktail Lounge
- Excursion Booking
From
US$ 130
/night
- Family suite with mezzanine
- Happy hour at the bar
- Proximity to excursion pick-ups
Hostel
8.6
Great169169 reviews10
- Common Kitchen
- Smart Lockers
- Tour Desk
1.1 mi from City Center600 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 95
/night
- Located at main tourism transportation hub
- Cozy common area with bar services
- Organizes affordable excursions directly
Hotel
8.4
Great672672 reviews10
1.2 mi from City Center500 yd from Laugavegur
From
US$ 108
/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
8.2
Great436436 reviews10
- Family Rooms
- Free Parking
- Luggage Storage
2.3 mi from City Center1100 yd from Kringlan Shopping Mall
From
US$ 76
/night
- Buffet breakfast available every morning
- Modern rooms with flat-screen TVs
- 24-hour security for guest safety
Hotel
8.0
Great189189 reviews10
- 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
8.2
Great345345 reviews10
- Breakfast Buffet
- Locked Storage
- Self-Service Kitchen
1000 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 90
/night
- Direct views of Hallgrimskirkja
- Complimentary breakfast with homemade bread
- Personalized tour booking assistance
Hotel
8.4
Great334334 reviews10
- 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
8.4
Great264264 reviews10
- Homemade cakes
- Free parking
- Private balconies
1.6 mi from City Center800 yd from Kringlan Shopping Mall
From
US$ 155
/night
- Free homemade snacks available all day
- Personalized service from the owner Maria
- Heated bathroom floors for comfort
Hostel
8.6
Great137137 reviews10
- Electric chargers
- Family rooms
- Bar & café
2.0 mi from City Center1.1 mi from Laugavegur
From
US$ 42
/night
- Eco-certified with sustainable practices
- Adjacent to largest geothermal pool
- On-site café with organic offerings
Guest house
8.0
Great404404 reviews10
- Communal Kitchen
- Laundry Facilities
- Shared Bathroom
900 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 104
/night
- Family-owned with friendly staff assistance
- Communal kitchen for guest convenience
- Close to Hallgrimskirkja Church attractions
Guest house
8.0
Great355355 reviews10
- Communal lounge
- Free parking
- Breakfast buffet
1.1 mi from City Center500 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 76
/night
- Communal lounge and terrace area
- Breakfast buffet served daily
- On-site golf course access
Hostel
8.6
Great182182 reviews10
- 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
Hotel
8.2
Great335335 reviews10
- 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
Bed & Breakfast
8.2
Great161161 reviews10
- Shared Kitchen
- Private Bath
- Garden Area
1600 yd from City Center400 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 87
/night
- Diverse Icelandic breakfast options
- Warm garden for relaxation
- Family-friendly environment
Bed & Breakfast
8.4
Great228228 reviews10
- Cozy Common Areas
- In-House Recommendations
- Homey Kitchen
200 yd from City Center300 yd from The Parliament House
From
US$ 211
/night
- Candle-lit family style breakfasts
- Historic building with unique decor
- Cozy common areas for socializing
Guest house
8.2
Great405405 reviews10
- Shared Kitchen
- Board Games
- Free Parking
1700 yd from City Center500 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 161
/night
- Free food-sharing initiatives promote sustainability
- Personalized service enhances travel experience
- Cozy communal kitchen fosters guest interaction
8.2
Great329329 reviews10
- Outdoor seating
- Cozy lounges
- Icelandic breakfast
1.6 mi from City Center1400 yd from Laugavegur
From
US$ 193
/night
- Self check-in system for convenience
- Chic minimalist design adds ambiance
- Proximity to nature trails for activities
Hostel
8.4
Great9292 reviews10
- Comfortable Beds
- Spacious Kitchen
- Self-service Check-out
2.7 mi from City Center1600 yd from Kringlan Shopping Mall
From
US$ 53
/night
- Automated check-in for convenience
- Access to various outdoor activities
- Fully equipped communal kitchen
Guest house
8.0
Great649649 reviews10
- Free Parking
- Shared Bathrooms
- Wi-Fi Access
1.0 mi from City Center200 yd from Laugavegur
From
US$ 12
/night
- Rooms with private or shared bathrooms
- 50 metres from Laugavegur street
- Walking distance to Hallgrimskirkja Church
Hotel
8.2
Great280280 reviews10
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
8.4
Great327327 reviews10
- Shared Kitchen
- Community Dining
- Furnished Terrace
1200 yd from City Center200 yd from Hallgrímskirkja Church
From
US$ 94
/night
- Community dining with local food specialties
- Exceptional hospitality from welcoming hosts
- Prime location near Hallgrimskirkja landmark
Hotel
8.6
Great99 reviews10
- Hot tub
- Games room
- Bar lounge
800 yd from City Center400 yd from Solfar Sun Voyager
From
US$ 105
/night
- Hot tub and games room available
- 24-hour front desk and security
- Air-conditioned, comfortable rooms
Hotel
8.0
Great6363 reviews10
- Secure luggage storage
- Digital check-in
- Complimentary parking
1.3 mi from City Center600 yd from Laugavegur
From
US$ 117
/night
- Self check-in for convenient access
- Cleanliness standards highly praised
- Modern decor and comfort throughout
Guest house
8.0
Great418418 reviews10
- Shared Kitchen
- Free Parking
- Express Check-in
1100 yd from City Center300 yd from Hljomskalagardurinn
From
US$ 36
/night
- Near BSI bus terminal for airport access
- Options for private or shared bathrooms
- Shared kitchen for guest use
Guest house
8.4
Great264264 reviews10
- Hot tub
- Family rooms
- Sun terrace
800 yd from City Center300 yd from Hljomskalagardurinn
From
US$ 290
/night
- On-site hot tub for relaxation
- Family rooms available
- Express check-in and check-out
Aparthotel
8.2
Great159159 reviews10
- Kitchenette
- Balcony
- Self Check-In
1300 yd from City Center400 yd from Hallgrímskirkja Church
From
US$ 1 329
/night
- Proximity to public thermal baths
- Cozy balconies for relaxation
- Basic cooking ingredients provided
Hostel
8.6
Great120120 reviews10
- 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
Hostel
- Shared lounge
- Bar area
- Luggage storage
1500 yd from City Center500 yd from Hallgrímskirkja Church
From
US$ 80
/night
- Shared kitchen for guest use
- Lounge area for socializing
- Happy hour at the bar
Aparthotel
8.0
Great1414 reviews10
- Coffee shop
- Free parking
- Lift access
1800 yd from City Center300 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 163
/night
- Fully equipped kitchenettes in all units
- On-site coffee shop for convenience
- Luggage storage available for guests
Aparthotel
8.0
Great144144 reviews10
- Mountain Views
- Fully Equipped Kitchen
- Private Check-in
300 yd from City Center200 yd from Reykjavik Old Harbour
From
US$ 123
/night
- Views of mountains and city skyline
- Fully equipped kitchens in select units
- Private check-in and check-out available
Guest house
8.2
Great103103 reviews10
100 yd from City Center100 yd from The Parliament House
From
US$ 130
/night
Set around 11 minutes' stroll from Laugavegur, the Kastali Guesthouse Reykjavik features 51 rooms with shared bathrooms.
Hotel
8.4
Great191191 reviews10
- Private bathroom
- Satellite TV
- Seating area
1800 yd from City Center100 yd from Laugavegur
From
US$ 151
/night
- Tastefully designed rooms with classic décor
- Intimate setting on Laugavegur street
- Adults-only environment for relaxation
Guest house
8.4
Great115115 reviews10
- Private Rooms
- Shared Kitchen
- Gastro Pub
1.7 mi from City Center1600 yd from Laugavegur
From
US$ 132
/night
- Family-owned with local food offerings
- Tasty local ingredients from nearby producers
- Central location near Laugardalur valley
Hotel
8.2
Great408408 reviews10
- 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
8.8
Great147147 reviews10
- Shared kitchen
- Leisure room
- Garden
1400 yd from City Center300 yd from Hallgrímskirkja Church
From
US$ 74
/night
- Close to Laugavegur Shopping Street
- Garden view rooms available
- Free private parking offered
Guest house
8.2
Great287287 reviews10
- Self-service check-in
- Shared kitchen
- Luggage storage
800 yd from City Center400 yd from Hallgrímskirkja Church
From
US$ 65
/night
- Self-service check-in for convenience
- Shared kitchen for guest cooking
- Luggage storage for travel ease
Guest house
8.2
Great282282 reviews10
- Car rental
- Tour desk
- Luggage storage
1000 yd from City Center300 yd from Hallgrímskirkja Church
From
US$ 127
/night
- Self-catering accommodations with kitchen utensils
- Bicycle and car rental services available
- Tour desk for local adventure planning
Hostel
8.4
Great127127 reviews10
- 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
7.8
Very good6060 reviews10
1700 yd from City Center500 yd from Reykjavik Art Museum: Kjarvalsstadir
From
US$ 117
/night
Located within 0.4 miles of Hallgrimskirkja, the Central Guesthouse Reykjavik is 0.9 miles from Rathhus.
Hostel
8.4
Great9393 reviews10
- Gastro pub
- Shared kitchens
- Luggage storage
1.7 mi from City Center1600 yd from Laugavegur
From
US$ 49
/night
- Family-owned with local food offerings
- Geothermal hotspot located in Laugardalur
- Shared kitchen and living areas
- 1
- 2
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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.
