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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Tourist VR

Iceland Hotels

Cheap Hotels Reykjavik

Price per night: Price / night

Up to $100

$100 - 200

From $200

Rating: Guest rating

Excellent 9+

Very good 8+

Good 7+

All ratings

Star rating: Star rating

5-stars

4-stars

3-stars

Unrated

8.2

Very good (342)

Midgardur By Center Hotels

View map · 1.5 km City Centre

From

168£ /per night

8.2

Very good (453)

Hotel Cabin

View map · 2.3 km City Centre

From

140£ /per night

8.4

Very good (235)

Alda Hotel Reykjavik

View map · 1.1 km City Centre

From

206£ /per night

8.4

Very good (305)

Exeter Hotel

View map · 0.2 km City Centre

From

329£ /per night

8.4

Very good (478)

Center Hotels Arnarhvoll

View map · 0.5 km City Centre

From

261£ /per night

8.4

Very good (235)

Center Hotels Laugavegur

View map · 1.3 km City Centre

From

208£ /per night

8.4

Very good (349)

Oddsson Midtown Hotel

View map · 3.7 km City Centre

From

281£ /per night

8.4

Very good (402)

Ok Studios

View map · 1.1 km City Centre

From

48£ /per night

8.4

Very good (651)

Center Hotels Plaza

View map · 0.0 km City Centre

From

100£ /per night

8.2

Very good (228)

Sand Hotel By Keahotels

View map · 0.8 km City Centre

From

212£ /per night

8.2

Very good (402)

Hotel Island - Spa & Wellness Hotel

View map · 3.0 km City Centre

From

105£ /per night

8.2

Very good (163)

Canopy By Hilton Reykjavik City Centre

View map · 0.6 km City Centre

From

317£ /per night

8.2

Very good (270)

Eyja Guldsmeden Hotel

View map · 1.8 km City Centre

From

208£ /per night

8.4

Very good (417)

Mani Apartments

View map · 0.6 km City Centre

From

126£ /per night

8.6

Excellent (137)

Dalur - Hi Eco Hostel

View map · 3.2 km City Centre

From

90£ /per night

8.4

Very good (269)

Guesthouse Sunna

View map · 0.8 km City Centre

From

136£ /per night

8.2

Very good (243)

Iceland Comfort Apartments By Heimaleiga

View map · 4.3 km City Centre

From

115£ /per night

8.4

Very good (537)

Reykjavik Natura - Berjaya Iceland Hotels

View map · 2.0 km City Centre

From

193£ /per night

8.4

Very good (265)

Radisson Blu 1919 Hotel, Reykjavik

View map · 0.2 km City Centre

From

425£ /per night

8.2

Very good (349)

Center Hotels Klopp

View map · 0.6 km City Centre

From

73£ /per night

8.2

Very good (332)

Downtown Guesthouse Reykjavik

View map · 0.2 km City Centre

From

82£ /per night

Very good (167)

Hotel Vera

View map · 1.1 km City Centre

From

109£ /per night

8.2

Very good (172)

Alva Hotel

View map · 2.9 km City Centre

From

98£ /per night

6.6

Good (1)

Fox Hotel

View map · 1.6 km City Centre

From

25£ /per night

8.2

Very good (139)

Freyja Guesthouse & Suites

View map · 1.0 km City Centre

From

116£ /per night

8.2

Very good (288)

Hotel Muli

View map · 2.8 km City Centre

From

235£ /per night

8.2

Very good (185)

Rek Inn

View map · 1.9 km City Centre

From

30£ /per night

8.2

Very good (42)

Hotel Aska

View map · 2.0 km City Centre

From

83£ /per night

8.4

Very good (125)

Old Charm Reykjavik Apartments

View map · 0.8 km City Centre

From

390£ /per night

8.8

Excellent (147)

Hostel B47

View map · 1.2 km City Centre

From

40£ /per night

8.6

Excellent (120)

Baron'S Hostel

View map · 1.2 km City Centre

From

34£ /per night

8.2

Very good (55)

B14 Apartments & Rooms

View map · 0.4 km City Centre

From

154£ /per night

8.4

Very good (262)

Nordurey Hotel City Garden

View map · 2.6 km City Centre

From

113£ /per night

8.4

Very good (346)

Hotel Odinsve

View map · 0.6 km City Centre

From

171£ /per night

8.6

Excellent (104)

Reykjavik Downtown Guesthouse

View map · 1.2 km City Centre

From

37£ /per night

8.6

Excellent (141)

Black Pearl Apartment Hotel

View map · 0.2 km City Centre

From

287£ /per night

8.4

Very good (242)

Icelandic Apartments By Heimaleiga

View map · 8.7 km City Centre

From

94£ /per night

8.6

Excellent (571)

Reykjavik4You Apartments

View map · 0.5 km City Centre

From

203£ /per night

8.2

Very good (280)

Hotel Borg By Keahotels

View map · 0.2 km City Centre

From

178£ /per night

8.4

Very good (453)

Downtown Reykjavik Apartments

View map · 1.5 km City Centre

From

94£ /per night

8.8

Excellent (143)

Loft - Hi Eco Hostel

View map · 0.4 km City Centre

From

38£ /per night

Discover Your Perfect Stay

Visiting Reykjavik is an experience unlike any other. With its breathtaking landscapes, vibrant culture, and charming Nordic charm, it's no wonder that Reykjavik is a top destination for travelers from around the world. And the best part? You don't have to break the bank to enjoy everything this incredible city has to offer. In this article, we will explore the best cheap hotels in Reykjavik, ensuring that your trip is not only memorable but also budget-friendly.

When it comes to finding affordable accommodations in Reykjavik, you'll be pleasantly surprised by the variety of options available. From cozy guesthouses to trendy hostels, there is something to suit every traveler's preference. One excellent choice is Hotel Leifur Eiriksson, conveniently located in the center of the city. This budget-friendly hotel offers comfortable rooms and a warm, welcoming atmosphere without compromising on quality. For those seeking a unique experience, why not book a stay at Reykjavik Downtown Hostel, known for its friendly staff and vibrant social scene? Here, you can meet fellow travelers from all walks of life, making memories that will last a lifetime.

While staying in a cheap hotel in Reykjavik, you'll have the perfect opportunity to explore the city's many attractions and activities. Don't miss a visit to the iconic Hallgrímskirkja, a stunning church that offers panoramic views of the city from its observation deck. Take a leisurely stroll down Laugavegur, the main shopping street, where you'll find a mix of quirky local boutiques, souvenir shops, and cozy cafes. And of course, no trip to Reykjavik is complete without soaking in the healing waters of the famous Blue Lagoon. With budget-friendly accommodations, you can make the most of your time in Reykjavik, creating memories while saving money.

Name of hotel	Accommodation Rating	Price, $
Nordurey Hotel City Garden	8.2 / 10 (1790 Reviews)	From 121£
Icelandic Apartments By Heimaleiga	8.6 / 10 (2269 Reviews)	From 71£
Eric The Red Guesthouse	8.9 / 10 (3204 Reviews)	From 92£
101 Guesthouse Hotel	8.6 / 10 (64 Reviews)	From 225£
4Th Floor Hotel	6.6 / 10 (603 Reviews)	From 57£

Nordurey Hotel City Garden

Hrisateigur 14

Nestled in a peaceful neighborhood just a short walk from Reykjavik's city center, Nordurey Hotel City Garden provides affordable and comfortable accommodations. The rooms are tastefully decorated, and guests can enjoy a complimentary continental breakfast each morning. With its serene garden area and nearby parks, this guesthouse offers a tranquil retreat after a day of exploring the city.

From

121£ /per night

Icelandic Apartments By Heimaleiga

Urtharhvarf 4

Situated in the center of Reykjavik offers comfortable and affordable self-catering accommodations. Each apartment is tastefully designed and equipped with modern amenities, including a kitchenette and free Wi-Fi. With its central location, guests can easily explore Reykjavik's attractions, restaurants, and shops on foot. Experience the true essence of Icelandic hospitality without breaking the bank.

From

71£ /per night

Budget-Friendly Guesthouses in Reykjavik

For budget-conscious travelers seeking affordable accommodations in Reykjavik, guesthouses are an excellent choice. These cozy establishments provide a comfortable and homey environment, often with shared facilities, ensuring a friendly atmosphere and an opportunity to meet fellow travelers. Here are three guesthouses that offer a delightful and budget-friendly stay in Reykjavik.

Eric The Red Guesthouse

Eiriksgata 6

Eric The Red Guesthouse is a charming and budget-friendly option located in the historic center of Reykjavik. This guesthouse offers cozy rooms with shared bathrooms, allowing guests to enjoy affordable accommodations without sacrificing comfort. The friendly and helpful staff are always ready with insider tips on exploring the city. Take advantage of the communal kitchen and cozy common areas to socialize with fellow travelers.

From

92£ /per night

101 Guesthouse Hotel

Hverfisgata 10

Located in the lively heart of Reykjavik's downtown area, 101 Guesthouse Hotel provides affordable accommodations with a cozy and inviting atmosphere. The comfortable rooms are thoughtfully designed, offering a peaceful haven in the midst of the bustling city. Guests can enjoy a complimentary continental breakfast and easy access to nearby attractions such as the Harpa concert hall and the iconic Hallgrímskirkja church.

From

225£ /per night

Budget-Friendly Hotels in Downtown Reykjavik

If you prefer staying in the center of the action, there are several budget-friendly hotels in downtown Reykjavik that offer convenience and comfort without breaking the bank. These hotels provide easy access to the city's main attractions and vibrant nightlife, making them the perfect choice for budget-conscious travelers.

4Th Floor Hotel

Laugavegur 101

Situated in the city center, 4th Floor Hotel offers affordable accommodations with magnificent views of Reykjavik's natural landscapes. This budget-friendly hotel is located on the top floors of a building, providing panoramic vistas of the city and the surrounding mountains. Guests can easily access nearby hiking trails, lava fields, and geothermal hot springs. Enjoy the beauty of Reykjavik's natural wonders without straining your budget at 4th Floor Hotel.

From

57£ /per night

Eyja Guldsmeden Hotel

Brautarholt 10-14

Nestled in the charming residential area of Laugardalur, Eyja Guldsmeden Hotel offers affordable accommodations in close proximity to natural wonders. The hotel combines sustainability and comfort, with a focus on eco-friendly practices. Guests can relax in the hotel's outdoor hot tubs, surrounded by lush greenery, and visit nearby attractions such as Laugardalslaug Geothermal Pool and the botanical gardens. Experience the tranquility of nature while staying at Eyja Guldsmeden Hotel.

From

203£ /per night

Grandi By Center Hotels

Situated in the trendy Grandi district, Grandi By Center Hotels offers budget-friendly accommodations with a touch of modern elegance. The stylish rooms are designed with comfort in mind, featuring amenities such as plush bedding and complimentary toiletries. Explore the vibrant neighborhood, known for its art galleries, restaurants, and vibrant atmosphere. With its prime location and affordable rates, Grandi By Center Hotels is an ideal choice for budget-conscious travelers.

Oddsson Hotel

Grensasvegur 16A

Oddsson Hotel is a quirky and budget-friendly option that offers a unique experience in Reykjavik. The hotel features a vibrant and colorful interior design, reflecting the artistic and creative spirit of the city. Guests can choose from a variety of accommodation options, including dormitory-style rooms and private rooms with shared bathrooms. The hotel also houses a restaurant and bar, serving delicious meals and craft cocktails. With its offbeat charm and affordable rates, Oddsson Hotel offers a one-of-a-kind stay in Reykjavik.

From

262£ /per night

Sand Hotel By Keahotels

Laugavegur 34

Located in a charming historic building in downtown Reykjavik offers budget-friendly accommodations with a touch of elegance. The rooms are tastefully decorated, combining modern comforts with traditional Icelandic design elements. Guests can indulge in a delicious breakfast buffet each morning and relax in the hotel's cozy lounge area. With its prime location and unique charm, Sand Hotel provides a memorable stay at an affordable price.

From

270£ /per night

Budget-Friendly Hotels with Unique Features

For travelers seeking cheap hotels in Reykjavik that offer unique and distinctive experiences, there are several options that stand out. These hotels combine affordability with special features, ensuring an unforgettable stay without breaking the bank. Here are three budget-friendly hotels with unique offerings in Reykjavik.

Reykjavik Downtown Hotel

Skolavordustigur 42

Situated in the center of the city, Reykjavik Downtown Hotel offers affordable accommodations with a touch of luxury. The hotel features stylish and comfortable rooms, each uniquely decorated with artwork by local artists. Guests can enjoy the hotel's rooftop terrace, providing stunning panoramic views of Reykjavik's skyline and the surrounding mountains. The central location ensures easy access to popular attractions, restaurants, and vibrant nightlife.

From

44£ /per night

Hotel Fron

Laugavegur 22A

Located in the lively Laugavegur shopping street, Hotel Fron offers affordable and modern accommodations. The comfortable rooms are equipped with amenities such as flat-screen TVs and free Wi-Fi. Enjoy the convenience of being within walking distance to popular shops, restaurants, and cultural sites. Hotel Fron is an excellent option for those looking to experience the vibrant energy of downtown Reykjavik.

From

53£ /per night

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