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Cheap Hotels Reykjavik

Not Just Any Hotel – Only the Best Cheap Hotels Reykjavik, Selected for You!

Reykjavik
Mar 14, 2025 - Mar 15, 2025
2 adults, 1 room
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Cheap Hotels Reykjavik
Price per night:
Up to $100
$100 - 200
From $200
Rating:
Excellent 9+
Very good 8+
Good 7+
All ratings
Star rating:
5-stars
4-stars
3-stars
Unrated
8.4
Very good (362)
City Center Hotel
3
View map · 0.1 km City Centre
From
171C$ /per night
8.4
Very good (537)
Reykjavik Natura - Berjaya Iceland Hotels
4
View map · 2.0 km City Centre
From
345C$ /per night
8.4
Very good (404)
Reykjavik Marina - Berjaya Iceland Hotels
4
View map · 0.4 km City Centre
From
287C$ /per night
8.2
Very good (163)
Island Apartments
View map · 0.8 km City Centre
From
294C$ /per night
8.4
Very good (72)
101 Hotel, A Member Of Design Hotels
4
View map · 0.4 km City Centre
From
418C$ /per night
8.4
Very good (618)
Reykjavik Residence Apartment Hotel
4
View map · 0.7 km City Centre
From
442C$ /per night
8.4
Very good (239)
Vintage Hotel
4
View map · 0.8 km City Centre
From
250C$ /per night
8.2
Very good (57)
Hotel Reykjavik Saga
4
View map · 0.3 km City Centre
From
369C$ /per night
8.6
Excellent (53)
Nest Apartments
View map · 1.0 km City Centre
From
404C$ /per night
8.4
Very good (208)
Reykjavik Treasure B&B
3
View map · 0.1 km City Centre
From
304C$ /per night
8.2
Very good (278)
Fosshotel Reykjavik
4
View map · 1.6 km City Centre
From
301C$ /per night
8.4
Very good (389)
Hilton Reykjavik Nordica
4
View map · 2.7 km City Centre
From
304C$ /per night
8.8
Excellent (196)
Apotek Hotel Reykjavik By Keahotels
4
View map · 0.2 km City Centre
From
309C$ /per night

Discover Your Perfect Stay

Reykjavik is a destination that captivates travelers with its stunning landscapes, rich culture, and unique charm. While it may be known for its breathtaking natural wonders, the city also offers a variety of affordable accommodations that ensure you can enjoy this enchanting locale without breaking the bank. Whether you’re looking for a cozy guesthouse or a budget-friendly hotel, cheap hotels in Reykjavik provide an excellent base for exploring all the must-see attractions.

When planning your visit, it’s vital to consider where to stay to make the most of your time in Reykjavik. Many cheap hotels are conveniently located near the city center, allowing you easy access to iconic sites such as Hallgrímskirkja, Harpa Concert Hall, and the lively Laugavegur shopping street. Staying at these budget accommodations not only saves you money but also immerses you in the vibrant atmosphere of the city, where you can experience local culture firsthand.

Additionally, choosing cheap hotels in Reykjavik allows you to allocate your budget toward unforgettable experiences. From soaking in the iconic Blue Lagoon to embarking on a thrilling northern lights tour, having more financial flexibility means you can delve deeper into Iceland’s stunning offerings. So pack your bags and get ready to discover the perfect budget-friendly retreat that will make your Reykjavik adventure truly memorable.

Name of hotel Accommodation Rating Price, $
Storm Hotel By Keahotels

8.6 / 10

(1266 Reviews)

 From 289C$
Skuggi Hotel By Keahotels

8.5 / 10

(1769 Reviews)

 From 331C$
Igdlo Guesthouse

7.6 / 10

(2888 Reviews)

 From 100C$
Kex Hostel

7.9 / 10

(4697 Reviews)

 From 169C$
Fosshotel Baron

7.7 / 10

(1282 Reviews)

 From 225C$
8.6
Excellent (1266)

Storm Hotel By Keahotels

3
Thorunnartun 4
Storm Hotel By Keahotels combines contemporary style with affordability, making it a popular choice for visitors seeking cheap hotels in Reykjavik. The hotel features elegantly designed rooms equipped with all the necessary amenities for a comfortable stay. A lively on-site bar offers cocktails and refreshments, perfect for unwinding after a day of exploring. Located near the city center, guests can easily access local attractions and enjoy nearby restaurants. The friendly and professional staff always strive to ensure a welcoming atmosphere. With its chic decor and superb service, Storm Hotel offers both value and charm.

From

289C$ /per night
8.5
Very good (1769)

Skuggi Hotel By Keahotels

3
Hverfisgata 103
Skuggi Hotel By Keahotels provides a modern and stylish environment for travelers seeking affordable yet characterful accommodations in Reykjavik. The hotel’s design draws inspiration from Icelandic nature, incorporating patterns and ambient light that create a warm atmosphere. Alongside comfortable rooms, guests can enjoy a delightful breakfast featuring local products, ensuring they start their day right. Conveniently located near several attractions, it simplifies exploring the vibrant city while keeping budget in mind. As one of the unique cheap hotels in Reykjavik serves as an exceptional base for your Icelandic journey.

From

331C$ /per night

Affordable Stays in Cheap Hotels in Reykjavik

When searching for cheap hotels in Reykjavik, guesthouses provide a warm and inviting atmosphere for travelers seeking budget-friendly options. These accommodations often feature personalized service and charming atmospheres that allow visitors to feel like part of the community. Many guesthouses are conveniently located near the city center, making it easy to explore Reykjavik’s rich culture and iconic sights. Enjoy the ability to connect with other travelers and locals alike, all while enjoying comfortable and affordable lodging. Here are some noteworthy guesthouses that exemplify the charm and affordability of staying in cheap hotels in Reykjavik.

7.6
Very good (2888)

Igdlo Guesthouse

3
Gunnarsbraut 46
Igdlo Guesthouse combines comfort and affordability with its cozy rooms and friendly atmosphere. Located just a short distance from Reykjavik's city center, guests are mere minutes away from exploring local attractions and dining options. The guesthouse offers both private rooms and dormitories, catering to a wide range of travelers, from solo backpackers to families. Guests can enjoy shared kitchen facilities, where they can prepare their own meals and save on dining costs. Additionally, the helpful staff provide insights into the best spots to visit in Reykjavik, making your stay all the more enriching. For those seeking a laid-back yet affordable option, Igdlo Guesthouse embodies the spirit of cheap hotels in Reykjavik perfectly.

From

100C$ /per night
7.9
Very good (4697)

Kex Hostel

2
28 Skulagata
Kex Hostel stands out due to its unique vintage decor and vibrant atmosphere, reflecting the spirit of Reykjavik in a budget-friendly package. Set in a former biscuit factory, this eclectic hostel features shared dormitories and private rooms, designed for comfort and affordability. Guests are encouraged to socialize in the lively bar area, often hosting events and live music. The hostel's kitchen facilities allow visitors to prepare their meals while saving on dining costs. With its creative ambiance and variety of social offerings, Kex Hostel is the perfect example of cheap hotels in Reykjavik that enhance the travel experience.

From

169C$ /per night

Budget-Friendly Hotels

For travelers seeking a more modern experience without compromising on budget, several hotels in Reykjavik offer stylish accommodations at reasonable prices. These establishments provide contemporary decor and a range of amenities that cater to both leisure and business travelers. Many budget-friendly hotels are conveniently located in proximity to public transportation and key attractions, ensuring guests can maximize their time exploring the vibrant city. Below are a selection of hotels that represent the modern side of cheap hotels in Reykjavik.

7.7
Very good (1282)

Fosshotel Baron

3
Baronsstigur 2-4
Fosshotel Baron is known for its competitive prices and prime location near the waterfront, making it an excellent choice for travelers seeking cheap hotels in Reykjavik. The hotel features well-appointed rooms that blend comfort with modern design, providing guests with a serene atmosphere during their stay. Free breakfast is offered daily, allowing guests to save on meals while starting their day energized for adventures. With its convenient proximity to the city’s attractions and the beautiful seaside promenade, Fosshotel Baron is perfect for wandering Reykjavik at a leisurely pace. The combination of affordability, comfort, and location makes it an ideal spot for budget-conscious travelers.

From

225C$ /per night
7
Good (2695)

22 Hill Hotel

3
Brautarholt 22-24
22 Hill Hotel impresses with its modern design and commitment to offering affordable accommodations in Reykjavik. Situated near Laugavegur street, the hotel gives guests easy access to the best shopping, dining, and entertainment the city offers. Rooms are stylishly furnished and fitted with contemporary conveniences, ensuring a comfortable experience without extending your budget. The hotel also features a cozy lounge area where guests can relax and enjoy complimentary coffee and tea. With its combination of affordability, location, and design, 22 Hill Hotel stands out among cheap hotels in Reykjavik, appealing to all types of travelers.

From

165C$ /per night

Characterful Accommodations in Cheap Hotels in Reykjavik

If you're looking for a memorable travel experience filled with character, Reykjavik has many unique and affordable hotel options that go beyond conventional stays. These hotels offer distinctive designs and intriguing themes while adhering to budget-friendly pricing. Staying in these charming accommodations not only adds a touch of excitement to your trip but also offers insight into Icelandic culture. Below are some uniquely themed hotels classified as cheap hotels in Reykjavik that will make your stay truly unforgettable.

9.3
Excellent (673)

Freyja Guesthouse & Suites

2
Freyjugata 39
Freyja Guesthouse & Suites presents a delightful blend of comfort and contemporary design at competitive rates. This unique hotel features a variety of room types, including stylish suites ideal for families or larger groups. Guests are welcomed with a complimentary breakfast and access to a communal kitchen, which allows for easy meal preparations during your stay. Its close proximity to Reykjavik's top attractions makes it an excellent base for exploring, ensuring guests can make the most of their time in the city. Freyja’s inviting ambiance and quality service contribute to its reputation as one of the best cheap hotels in Reykjavik that doesn’t compromise on style.

From

256C$ /per night
7
Good (2747)

Hotel Cabin

2
Borgartun 32
Hotel Cabin serves as a calming retreat, offering affordable rooms with a simple yet cozy design. Located near the waterfront, it provides a delightful setting for those who enjoy scenic views while remaining close to the city center. Each room features essential amenities for a comfortable stay, and the hotel’s restaurant serves a variety of dishes to cater to different dietary needs. With easy access to public transport and several nearby attractions, guests can explore Reykjavik at their convenience. The hotel's quiet ambiance and budget-friendly approach make it an ideal choice among cheap hotels in Reykjavik, promising a restful getaway.

From

152C$ /per night

Quaint Boutique Hotels

For travelers who appreciate design and charm, several boutique hotels in Reykjavik offer stylish accommodations at budget-friendly prices. These hotels masterfully blend unique aesthetics with affordability, providing guests with memorable experiences that go beyond a standard hotel stay. Enjoy personalized service, a cozy atmosphere, and proximity to the city’s key attractions. Here are a few boutique-style hotels that embody the definition of cheap hotels in Reykjavik while offering a remarkable experience.

8.2
Very good (1790)

Nordurey Hotel City Garden

3
Hrisateigur 14
Nordurey Hotel City Garden stands out as a modern, eco-friendly option among cheap hotels in Reykjavik. This hotel combines sustainability with affordability, giving guests access to well-designed rooms and exceptional customer service. Guests appreciate the central location, which allows for easy exploration of Reykjavik’s attractions while benefiting from the nearby parks and gardens. The hotel provides complimentary bike rentals, promoting a unique way to discover the beauty of the city. As a budget-friendly choice that doesn’t compromise on comfort or sustainability, Nordurey Hotel City Garden is a great option for eco-conscious travelers.

From

226C$ /per night
8.1
Very good (137)

Blue House B&B

21 Valhusabraut (Blue Building With Grey Roof)
Blue House B&B stands out for its cozy, homey atmosphere and charming decor, making it an appealing option among cheap hotels in Reykjavik. The delightful bed and breakfast features comfortable rooms and a communal lounge area where guests can relax and share experiences. Each morning, a hearty breakfast is served, featuring locally sourced ingredients that showcase Icelandic flavors. The property is ideally located, close to downtown area attractions, for easy exploration. The warm hospitality of the owners adds to the guest experience, fostering a welcoming environment that makes you feel at home.

From

134C$ /per night

Budget Conscious Stays in Cheap Hotels in Reykjavik

Hostels provide a fantastic option for budget travelers looking to experience Reykjavik without spending excessively on accommodations. These places usually have a lively, communal atmosphere that allows guests to connect while enjoying economical rates. Many hostels feature shared kitchen facilities, enabling you to prepare your meals, further saving on costs. Here are some choice hostels that fit the criteria of cheap hotels in Reykjavik, ideal for young adventurers and solo travelers.

8.9
Excellent (3204)

Eric The Red Guesthouse

3
Eiriksgata 6
A charming refuge, Eric The Red Guesthouse offers several affordable accommodations within easy reach of the city center. This guesthouse prides itself on a communal atmosphere where travelers can connect and share experiences over breakfast or in the common lounge. Each room comes equipped with basic amenities to ensure a pleasant stay without straining your budget. It serves as the perfect starting point for your Reykjavik adventure while maintaining the essence of cheap hotels in Reykjavik. Guests can benefit from the host's knowledgeable recommendations on exploring the area, and the nearby bus stop provides easy access to popular attractions.

From

172C$ /per night
8.9
Excellent (2019)

Blue Mountain Apartments By Heimaleiga

3
Urdarhvarf 2
Blue Mountain Apartments By Heimaleiga offers cozy, self-catering apartments that provide a serene environment within Reykjavik. Each apartment is thoughtfully designed with modern furnishings, ensuring that guests can enjoy a home-like atmosphere during their stay. Despite being nestled in a quiet area, these apartments are just a short drive from the city's major attractions. Guests can take advantage of the fully equipped kitchens to prepare meals, promoting budget savings. With its peaceful location and the comforts of home, Blue Mountain Apartments is an excellent option for those searching for cheap hotels in Reykjavik that prioritize relaxation.

From

142C$ /per night

Peaceful Escapes in Cheap Hotels in Reykjavik

If you’re looking for a peaceful getaway while enjoying the vibrant city of Reykjavik, several hotels provide calm, restful environments at affordable prices. These accommodations focus on relaxation, ensuring that guests can unwind after a day of exploring the city. Quietly nestled away from the busy streets yet still within reach of attractions, they offer a perfect combination of tranquility and convenience. Here are some peaceful hotels that exemplify the notion of cheap hotels in Reykjavik, allowing travelers to recharge comfortably.

8.1
Very good (1069)

Fosshotel Lind

3
Raudararstigur 18
Fosshotel Lind boasts a stylish restaurant serving Icelandic and international dishes, promising an enjoyable dining experience without stepping outside. The hotel offers comfortable rooms equipped with modern amenities, making it one of the top cheap hotels in Reykjavik. Guests can indulge in a hearty breakfast before starting their day of exploration, ensuring they are well-fueled for adventures. The hotel’s dedicated staff prioritize guest satisfaction, enhancing overall experiences with personalized service. Its location near cultural attractions allows for easy access to Reykjavik’s vibrant offerings while enjoying a remarkable culinary journey.

From

221C$ /per night
8.6
Excellent (2078)

Guesthouse Sunna

3
Thorsgata 26
Guesthouse Sunna provides an inviting ambiance with modern amenities at budget-friendly rates, making it one of the top cheap hotels in Reykjavik. Situated near the iconic Hallgrímskirkja church, it allows guests a unique opportunity to explore the city on foot. The guesthouse boasts cozy rooms that enhance your comfort, combined with a lovely breakfast buffet each morning. The friendly staff is always available to assist with local advice and tours, ensuring visitors have a memorable experience. The blend of location, service, and affordability makes Guesthouse Sunna a fantastic option for those looking for cheap hotels in Reykjavik.

From

129C$ /per night

Hotels with Great Dining and Cheap Hotels in Reykjavik

For food lovers, finding a hotel that offers great culinary options can enhance the travel experience significantly. Several hotels in Reykjavik prioritize dining, providing guests with delicious meals and comfortable accommodations at reasonable prices. These options make it easy for travelers to savor Icelandic cuisine without venturing far from their lodgings. Here are some hotels that showcase exceptional dining experiences, in addition to being excellent cheap hotels in Reykjavik.

8.3
Very good (2783)

Hotel Fron

3
Laugavegur 22A
Hotel Fron combines affordability and culinary excellence, featuring an on-site restaurant that serves delicious meals crafted with local ingredients. The hotel offers spacious rooms and a welcoming environment, ideal for travelers fatigued from exploring the city. Guests can kick-start their day with a complimentary breakfast before heading out to the various nearby attractions. With its focus on quality dining and comfortable accommodations, Hotel Fron stands out among cheap hotels in Reykjavik. The vibrant atmosphere and approachable staff provide an authentic taste of Icelandic hospitality.

From

100C$ /per night

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