A coastal town with colorful buildings, a large body of water, and snow-capped mountains in the background.

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Check availability on Reykjavik Cheap Hotels

Tonight
24 Oct - 25 Oct
Tomorrow
25 Oct - 26 Oct
Next weekend
30 Oct - 1 Nov
In two weeks
6 Nov - 8 Nov

Our top choices for Reykjavik cheap hotels

A hot tub with two people in it, surrounded by wooden decking and plants.
A staircase with a wall-mounted sign reading "HOT TUB" and a green abstract drawing.
A modern building with a 'City Hub' sign, large windows, and a neon geometric design.
Lobby sitting area

1. CityHub Reykjavik

CityHub Reykjavik
Downtown Reykjavik
Canada
Chloe
฿3,022
฿3,577 total
includes taxes & fees
4 Nov - 5 Nov
CityHub Reykjavik
A modern living room with a grey sofa, a pink ottoman, a black coffee table, and a dining area with a round table and chairs.
A dining area with a wooden table and black chairs, a modern pendant light, and a kitchen with black cabinets and a white dishwasher.
A kitchen with dark cabinets, a countertop with a basket of fruits, and a paper bag.
A modern kitchen with a built-in coffee machine, a sink, and a dishwasher.

2. Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel
Downtown Reykjavik
United States
Jenina
฿7,235
฿8,253 total
includes taxes & fees
2 Nov - 3 Nov
Reykjavik Residence Apartment Hotel
A modern indoor pool area with glass walls and warm lighting.
A modern dining area with round tables, blue cushioned seating, and pendant lighting.
A cozy living room with a wooden sofa, a small side table, and a decorative lamp.
A modern lounge area with lounge chairs, a small fire pit, and a reception desk.

3. Grandi by Center Hotels

Grandi by Center Hotels
Vesturbær
United States
Bethney L
฿6,096
฿6,989 total
includes taxes & fees
9 Nov - 10 Nov
Grandi by Center Hotels
A spacious indoor area with a long dining table, wicker chairs, and a mix of seating arrangements.
A modern hotel lobby with a reception desk, a bar area, and a large stained glass window.
A hotel room with two beds, a sofa, a desk, and a large window offering a city view.
A hotel with a modern architectural design, featuring a prominent vertical sign and a glass facade.

4. Hotel Reykjavík Grand

Hotel Reykjavík Grand
Laugardalur
United States
ALEXANDER
฿5,771
฿6,627 total
includes taxes & fees
22 Nov - 23 Nov
Hotel Reykjavík Grand
A hot tub with wooden railings, surrounded by lanterns and a scenic mural.
A modern reception area with a speckled reception desk, wooden paneling, and a large window with a city view.
A modern building with multiple floors, large windows, and a well-lit storefront.
A modern staircase with a wooden handrail, leading to a white door at the top.

5. Alda Hotel Reykjavik

Alda Hotel Reykjavik
Downtown Reykjavik
United States
joanne
฿4,785
฿5,533 total
includes taxes & fees
9 Nov - 10 Nov
Alda Hotel Reykjavik
A terrace with outdoor seating, a view of the sea, and a building with large windows.
A hotel room with a bed, a chair, a view of a lake and mountains, and a thermostat on the wall.
A modern dining area with a long table, chairs, and a black leather sofa with cushions.
A room with large windows overlooking a body of water, a dock, and distant mountains.

6. Center Hotels Arnarhvoll

Center Hotels Arnarhvoll
Downtown Reykjavik
United States
debbie
฿6,096
฿6,989 total
includes taxes & fees
9 Nov - 10 Nov
Center Hotels Arnarhvoll
A modern indoor pool with a concrete interior, two potted plants, and a staircase leading to a higher level.
A modern bar with wooden accents, a well-stocked liquor shelf, and a seating area with tables and chairs.
A modern reception area with wooden reception desk, black chairs, and potted plants.
A staircase leading to a rooftop garden with a water feature and a view of the cityscape.

7. Miðgarður by Center Hotels

Miðgarður by Center Hotels
Tún
United States
Kennedy
฿6,479
฿7,413 total
includes taxes & fees
22 Nov - 23 Nov
Miðgarður by Center Hotels
A modern lobby with a central seating area, a reception desk, and a bar.
A bar area with wooden barrels, leather chairs, and a stone wall backdrop.
A restaurant with wooden tables, green and orange chairs, and hanging spherical lights.
A bedroom with a bed, a nightstand, a lamp, a window with curtains, and a painting on the wall.

8. Fosshotel Reykjavik

Fosshotel Reykjavik
Laugardalur
Canada
Carron
฿6,021
฿6,905 total
includes taxes & fees
16 Nov - 17 Nov
Fosshotel Reykjavik
A modern cafe with wooden tables, chairs, and a brick counter.
A modern living room with a leather sofa, a round coffee table, and a side table. There is a potted plant, a floor lamp, and a view of the outside through large windows.
A shelf with various decorative items including a globe, a bird illustration, and a chess piece.
A multi-story hotel with a prominent 'center hotels' sign at the top.

9. Center Hotels Plaza

Center Hotels Plaza
Downtown Reykjavik
United States
Marilyn
฿6,096
฿6,989 total
includes taxes & fees
31 Oct - 1 Nov
Center Hotels Plaza
A hotel room with a large window, a bed, and a view of a cityscape.
A modern building with large glass windows, a wooden deck, and a view of a ship.
A modern interior with seating areas, a bar, and a visible store named 'DEFC'.
A modern interior with a sectional sofa, a dining area, and large windows offering a view of an outdoor staircase.

10. Exeter Hotel

Exeter Hotel
Downtown Reykjavik
United States
Jeanne
฿5,763
฿6,619 total
includes taxes & fees
23 Nov - 24 Nov
Exeter Hotel
View all properties

Top Reykjavik Hotel Reviews

Miðgarður by Center Hotels

Miðgarður by Center Hotels

10/10 Excellent
"very clean and location is very near downtown. the breakfast is very nice."
Peileng 4-night trip
Posted 6 hours ago
Miðgarður by Center Hotels
Center Hotels Plaza

Center Hotels Plaza

10/10 Excellent
"Excelente ubicación, cuartos limpios, el desayuno muy completo, el staff muy atento"
laura 3-night trip
Posted 2 days ago
Center Hotels Plaza

Frequently asked questions

What is Reykjavik like for travellers on a budget?
Reykjavik offers cheap accommodation options and a range of things to see and do, making it a great holiday choice for budget-conscious travellers. In addition to its well-known attractions such as Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Old Town Reykjavik is a popular hotel for our travellers in search of a less expensive place to stay, and it offers free Wi-Fi. Other good options for your budget-friendly stay include KEX Hotel and Hostel Reykjavik and Hotel Von.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 13 hotels in Reykjavik that are ideal if you are watching your pennies.
When is the best time for a budget trip to Reykjavik?
Weather is probably a major factor when you plan your trip to Reykjavik, but bear in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August, with an average temperature of 10°C, while the coldest months are December and January, with an average of 0°C. Average annual precipitation for Reykjavik is 1281 mm.
What is there to see and do in Reykjavik?
Reykjavik attracts visitors with its top museums and abundant cafes, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions that interest you most, such as Reykjavik Harbour, and then look for sights and activities that cost little or nothing at all. If you're looking to enjoy the area's natural beauty, you can get outdoors at Reykjavik Pond, Oskjuhlid Hill or Nautholsvik Geothermal Beach.
How can I get to Reykjavik and get around on a budget?
Scoping out the transportation options in Reykjavik is a smart way to keep your trip affordable. The nearest airport is 1.2 mi (2 km) from the centre in Reykjavik (RKV-Reykjavik Domestic). However, if that doesn't suit your budget, you can look into flights to Keflavik International Airport (KEF), which is 23.2 mi (37.3 km) away. Reykjavik might not have many public transport choices so renting a car could be a reasonable alternative to see more of the area.