Cheap Hotels in Reykjavik from $60

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Top Reykjavik Cheap Hotels | Reserve now, pay later

Icelandair Hotel Reykjavik Marina
4 out of 5
Mýrargata 2, Reykjavik, 101
Fully refundableReserve now, pay when you stay
The price is $131 per night from Dec 7 to Dec 8
per night
Dec 7 - Dec 8
4.4/5 Excellent! (1,004 reviews)
"The most unique hotel I’ve ever stayed at. We were both sad we only stayed one night. The lobby and common area were plentiful and eclectic. A very warm, welcoming and fun atmosphere. The room was beautiful and decor was fun. L’or coffee machine and tea. Very quiet, highly recommended!"

Reviewed on Dec 4, 2022

Icelandair Hotel Reykjavik Marina
22 Hill Hotel
3 out of 5
Brautarholt 22-24, Reykjavik, 105
The price is $137 per night from Dec 11 to Dec 12
per night
Dec 11 - Dec 12
4.4/5 Excellent! (999 reviews)
"If you don't mind a little walking, this hotel is a great place for the price not far from the center of town. Had the economy double room - a little small but considering we just needed a place to crash and spent very little time there, it was good. If planning for multiple nights or to spend a ..."

Reviewed on Dec 2, 2022

22 Hill Hotel
Kef Guesthouse by Keflavík airport
3 out of 5
Grænásvegur 10, Reykjanesbær, Reykjanesbær, 230
The price is $72 per night from Dec 9 to Dec 10
per night
Dec 9 - Dec 10
4.2/5 Excellent! (608 reviews)
"I liked how we could go right to our room and use a code to get in. The room was spacious and clean. Good variety for breakfast."

Reviewed on Nov 8, 2022

Kef Guesthouse by Keflavík airport

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Konvin Hotel by Reykjavik Keflavik Airport
3 out of 5
Keilisbraut 762, Reykjanesbær, 235
Fully refundableReserve now, pay when you stay
The price is $99 per night from Dec 17 to Dec 18
per night
Dec 17 - Dec 18
4.1/5 Very Good! (1,002 reviews)
"Close to the airport and airport shuttle available. Not much to do in the immediate surroundings."

Reviewed on Oct 30, 2022

Konvin Hotel by Reykjavik Keflavik Airport
Stay Apartments Bolholt
3 out of 5
Bolholt 6, Reykjavik, 105
4.1/5 Very Good! (799 reviews)
Slightly small apartment but suited us, very clean
"Apartment was a bit small but big enough for the two of us, would be a bit of a squeeze for four. Great location for the tour buses and some restaurants nearby but about a 25 min walk into the center of Reykjavik. Public bus stop nearby though. Kitchen was a bit lacking - no kitchen knives at all ..."

Reviewed on Nov 21, 2022

Stay Apartments Bolholt
Fosshotel Raudara
3 out of 5
Raudararstigur 37, Reykjavik, 105
Fully refundableReserve now, pay when you stay
The price is $105 per night from Dec 14 to Dec 15
per night
Dec 14 - Dec 15
4/5 Very Good! (413 reviews)
"A little worn in places but this didn’t impact on a very comfortable great stay. Room had everything we needed. Breakfast was great, huge choice and set us up for the day. Good location and quiet."

Reviewed on Nov 17, 2022

Fosshotel Raudara
Iceland Comfort Apartments
2.5 out of 5
Hamraborg 7, Kópavogur, 200
The price is $107 per night from Dec 7 to Dec 8
per night
Dec 7 - Dec 8
3.9/5 Very Good! (797 reviews)
"Great view and easy access to the buses and grocery store. Quick walk down to the inlet. The room had some good cooking utensils and pots and pans but sadly no cutlery. Not the end of the world but would have been nice to know beforehand."

Reviewed on Oct 25, 2022

Iceland Comfort Apartments
Capital Inn
2 out of 5
Sudurhlid, 35D, Reykjavik, Capital Region, 105
3.6/5 Good! (675 reviews)
"It was very clean and the beds were very comfortable. I just wish the room was a bit bigger. Also when I booked online it stated there was an in room sink. Our room did not have this, only a tv a small dresser and the beds."

Reviewed on Oct 6, 2019

Capital Inn
Travel Inn Guesthouse
2.5 out of 5
Soleyjargata 31, Reykjavik, 00101
The price is $60 per night from Dec 14 to Dec 15
per night
Dec 14 - Dec 15
3.1/5 (360 reviews)
A lovely place to stay in Reykjavik
"A lovely place to stay and just over the road from BSI central bus terminal and ten minutes walk up to the the famous church and from there downtown ."

Reviewed on Sep 26, 2022

Travel Inn Guesthouse
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Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

2-star Hotels in Reykjavik

Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

3-star Hotels in Reykjavik

Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

How can I get cheap hotels in Reykjavik?

Best tips to find a cheap hotel in Reykjavik

  1. If you're looking to travel to Reykjavik on a budget, you'll be happy to know that you can find hotels for as low as $60. Of course, that price is affected by amenities, star rating, and even the time of year you visit. At most, hotel prices can be as high as $354. Staying a short amount of time in Reykjavik is an effective way to reduce hotel costs.

  2. When you cut your vacation down to just a few days, you don't have to worry as much about hotel prices since you don't have that many nights to stay. For budget hotels in Reykjavik, 3 to 4 days should be all the nights you need. That's generally enough to enjoy the city's top attractions, though there's certainly enough to do to warrant a week-long trip.

  3. When booking cheap hotel rooms in Reykjavik, it's typically best to book about 3 weeks in advance. Book further in advance than that and you could be paying too much for your room, as hotels will often overestimate future demand. However, if you wait too long, you might find that the hotel has been completely booked.

  4. When you utilize search filters on Expedia, you'll be able to narrow down your results in a flash. These search filters cover a wide variety of factors you may be interested in when it comes to finding a cheap hotel in Reykjavik, including amenities such as Free Breakfast, 2-star rating, or proximity to local attractions. You can even set filters for price limits to ensure that all the displayed results are within your budget.

  5. For additional savings on Reykjavik cheap hotels, be sure to check out Expedia Rewards. You may be eligible for extra discounts on your trip, and you can earn points for even more savings on your next trip. Becoming a member is entirely free. 

Reykjavik Cheap Hotels information


Cheap Hotels in Reykjavik


Highest price $354
Cheapest price $60
Number of guest reviews 6657
Total number of hotels in Reykjavik 744


Frequently asked questions

What is Reykjavik like for travelers on a budget?

Reykjavik offers cheap accommodation options and a variety of places to visit, making it a great choice for a budget-friendly getaway. In addition to its well-known attractions like Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.

What's the best budget-friendly accommodation in Reykjavik?

Based on reviews, Storm Hotel by Keahotels is a popular 3-star hotel for our travelers looking for an economical choice, and features free buffet breakfast and free WiFi. Other options for your budget-friendly stay include Baldursbrá Guesthouse and Grímur Hotel.

How many inexpensive hotels will I find in Reykjavik?

Choose a hotel that suits your wallet among Expedia's 30 budget hotels in Reykjavik.

When is the best time for a budget trip to Reykjavik?

Weather is probably a major factor when you plan your trip to Reykjavik, and keep 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 temp of 50°F, while the coldest months are January and February with an average of 33°F. The snowiest months in Reykjavik are February, March, November, and January, with each month seeing an average of 11 inches of snowfall.

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, Nautholsvik Geothermal Beach, or Oskjuhlid Hill.

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 closest airport is 23.2 mi (37.3 km) away from the center in Reykjavik–Keflavik Intl. Airport (KEF). However, if that doesn't suit your budget, you can book a flight to Reykjavik Domestic Airport (RKV), located 1.2 mi (2 km) away. Reykjavik might not have very many public transportation choices so a car rental could be a reasonable alternative to see more of the area.

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