Reykjavik Cheap Hotels

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Here is a quick list of Cheap Hotels in Reykjavik, selected based on their rating

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

8.5 / 10

(1606 Reviews)

From 188$
Storm Hotel By Keahotels

8.6 / 10

(941 Reviews)

From 252$
Center Hotels Skjaldbreid

8.2 / 10

(1032 Reviews)

From 125$
Hotel Klettur

8.2 / 10

(1240 Reviews)

From 207$
Hotel Smari

8.2 / 10

(302 Reviews)

From 109$

Explore budget-friendly accommodations in Reykjavik, Iceland, where affordability meets comfort without compromising on quality. In the land of fire and ice, finding a cheap hotel doesn't mean sacrificing a good night's sleep or missing out on local charm. From cozy guesthouses to trendy hostels, Reykjavik offers a variety of wallet-friendly options for every type of traveler. Discover the best value stays in this vibrant city while immersing yourself in its rich culture and breathtaking landscapes.

Reykjavik Accommodation lists:

Good Cheap hotels in Reykjavik

Table of contents

Skuggi Hotel By Keahotels Storm Hotel By Keahotels Center Hotels Skjaldbreid Hotel Klettur Budget-Friendly Guesthouses Hotel Smari City Center Hotel Hotel Fron Quaint Hostels with a Twist Center Hotels Plaza Oddsson Midtown Hotel Hotel Cabin

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8.5
Very good
1606 Reviews

Skuggi Hotel By Keahotels

📍 Hverfisgata 103

From 188$

Offering modern rooms and Wi-Fi throughout the property, Skuggi Hotel By Keahotels Reykjavik is a mere 650 metres from Hverfisgata and a 20-minute stroll from Parking. The hotel is centrally located in the Reykjavik 101 district and there is complimentary private parking on site.

The accommodation lies in the heart of Reykjavik, right off Sundhollin Public Baths. From this 3-star hotel it will take nearly 20 minutes to walk to the forested Oskjuhlith Park. The property has a central location behind mountains. Entertainment in the area includes Harpa Concert Hall and Conference Centre 15 minutes on foot from Skuggi Hotel By Keahotels. This accommodation stands 200 metres from the unique Icelandic Phallological Museum, right next to Snorrabraut / Hlemmur bus stop.

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8.6
Excellent
941 Reviews

Storm Hotel By Keahotels

📍 Thorunnartun 4

From 252$

Set approximately a 25-minute walk from the modern theatre "Volcano House", which will let your body release endorphins, the 3-star Storm Hotel By Keahotels Reykjavik features a lift and a vending machine. The hotel offers Wi Fi throughout the property and a car park on site.

Notable for its location, within a 1.4-km distance of Harpa Concert Hall and Conference Centre in a business neighbourhood, this quality accommodation is not too far from the huge 1990 stainless-steel Sun Voyager Sculpture. The Storm Hotel By Keahotels Reykjavik is merely a 5-minute walk from Hofthatorg bus stop and merely a 6-minute walk from the unique Icelandic Phallological Museum. The modern property is around a 20-minute walk from the large indoor Kolaportith Bazaar.

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Popular Cheap hotels destinations

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8.2
Very good
1032 Reviews

Center Hotels Skjaldbreid

📍 Laugavegur 16

From 125$

Featuring a snack and drink vending machine, and a lift, Center Hotels Skjaldbreid Reykjavik lies in a shopping district, within 5 minutes' walk of Grillmarkathurinn. The hotel also features WiFi in public areas.

Located nearly 5 minutes' walk from Skolavorthustigur, this comfortable 3-star property is at a moderate distance from The Settlement Exhibition Remnants. Cafe Loki is merely a 6-minute walk away, and a shopping street and shops are situated next door to the traditional hotel. There is Solfar Sculpture 5 minutes away by car, while BSI bus station 0.9 km from the accommodation. Center Hotels Skjaldbreid in Reykjavik is a 10-minute drive from Reykjavik airport.

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Budget-Friendly Guesthouses

Immerse yourself in Icelandic hospitality at budget-friendly guesthouses scattered across Reykjavik. These cozy and intimate accommodations provide a comfortable stay without breaking the bank. From traditional Icelandic decor to modern amenities, these guesthouses offer a glimpse into local life at affordable rates.

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8.2
Very good
1240 Reviews

Hotel Klettur

📍 Mjolnisholt 12 - 14

From 207$

Featuring a bureau de change and a tour desk, the 3-star Hotel Klettur Reykjavik stands 150 metres from Hlemmur. The hotel also provides guests with Wi Fi, available throughout the property.

This Reykjavik property has a prime location around a 5-minute drive from Parking. The superior hotel is just a short drive from Laugavegur. The unique Icelandic Phallological Museum lies about a 5-minute stroll away, and shops and a shopping street area next to the accommodation. No matter the religion, travellers prefer to visit the Lutheran Hallgrimskirkja Parish Church, a popular place of worship set within a 13-minute stroll of Hotel Klettur. There is Filadelfia bus stop close to the property, it's only 200 metres away.

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8.2
Very good
302 Reviews

Hotel Smari

📍 Hlidasmari 13

From 109$

The 3-star Hotel Smari Reykjavik is located at a 900-metre distance from Smaralind Shopping Center and features a business centre for those travelling on business. Featuring 47 rooms with views of the city, this Reykjavik hotel is within 20 minutes' walk of Natural History Museum of Kopavogur.

The business property is about 10 km from Reykjavik airport and within 2 km of such cultural venues as the progressive Gertharsafn Museum. The low-budget Smari offers proximity to natural sights like the forested Oskjuhlith Park (3.9 km) and The Elf Walk in Hellisgerdi Park (4.4 km). Guests can enjoy the scenery of parks, situated near this accommodation. The nearby sport attractions feature Sundlaugin Versolum Swimming Pool 5 minutes' drive from Hotel Smari. The property is sited steps away from Smaralind bus stop.

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Hotels in Reykjavik

Family Hotel 👪 Skuggi Hotel By Keahotels
Hotel with balcony 🌤️ Storm Hotel By Keahotels
Top Hotel for couples 💑 Center Hotels Skjaldbreid

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8.6
Excellent
1397 Reviews

City Center Hotel

📍 Austurstraeti 6

From 120$

Located in an entertainment area, the quality 3-star City Center Hotel Reykjavik is 14 minutes' walk from such culture-oriented attractions as the huge 1990 stainless-steel Sun Voyager Sculpture. Featuring 30 rooms with views of the garden, the non-smoking hotel is within walking distance of the Lutheran Hallgrimskirkja Parish Church.

The smoke-free property offers an excellent location in Reykjavik, within a 5-minute stroll of The Settlement Exhibition Remnants, and 10 minutes on foot from Laugavegur. The high-quality City Center Reykjavik is also 5 minutes by car from such natural sights as the Miklatún park "Kjarvalsstathir Gallery". The nearby entertainment attractions of Reykjavik include Harpa Concert Hall and Conference Centre, which is less than an 8-minute walk away. Situated in the very heart of Reykjavik, City Center Hotel is within easy walking distance of Laekjartorg bus stop.

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Quaint Hostels with a Twist

Experience the social atmosphere of quirky hostels in Reykjavik that cater to budget travelers seeking unique lodging options. Whether you prefer a private room or a dormitory setting, these hostels offer a fun and affordable way to connect with fellow adventurers while exploring the city. Enjoy shared amenities and vibrant common areas without compromising on comfort.

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8.3
Very good
2417 Reviews

Hotel Fron

📍 Laugavegur 22A

From 226$

Standing within a 6-minute stroll of the Lutheran Hallgrimskirkja Parish Church, the 3-star Hotel Fron enjoys a central location in the very heart of Reykjavik. This enchanting hotel features both Wi Fi throughout the property and a car park on site.

The property is merely a 5-minute stroll from Laugavegur, within walking distance of National Museum. The entertainment attractions in the Reykjavik 101 district include Harpa Concert Hall and Conference Centre, which is merely 850 metres away. There is Laugavegur Shopping Street a 13-minute walk away, while BSI bus station at a distance of 0.9 km from the hotel. Hotel Fron is perfectly located 10 minutes' drive from Reykjavik airport.

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8.1
Very good
5777 Reviews

Center Hotels Plaza

📍 Adalstraeti 4

From 358$

The 3-star Center Hotels Plaza Reykjavik is situated in an entertainment neighbourhood, about a 5-minute walk from Reykjavik Museum of Photography and features 286 rooms with views of the city. The hotel also provides guests with high-speed Internet access, available in the rooms.

The comfortable property is located in the heart of Reykjavik a mere 5 minutes' walk from the large indoor Kolaportith Bazaar and 5 minutes by car from the futuristic revolving glass-domed fine Perlan Dining Restaurant. Popular natural sights near the Center Hotels Plaza are the filled park "Parc Hljomskalagardur" (950 metres) and the modern art museum "Kjarvalsstathir Gallery" (2.1 km). The accommodation is centrally situated really close to the modern theatre "Volcano House". Rathhusith bus stop is also about a 5-minute walk away.

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8.5
Very good
4199 Reviews

Oddsson Midtown Hotel

📍 Grensasvegur 108 Reykjavik

From 76$

Located within 500 metres of Hagkaup, the 3-star Oddsson Hotel Reykjavik offers 77 rooms with views of the city. The smoke-free hostel is in the Reykjavik East district of Reykjavik, within 2 km of such natural sights as the modern art museum "Kjarvalsstathir Gallery".

Set a walk from the unique Icelandic Phallological Museum, this Reykjavik property also gives access to such sports venues as Reebok CrossFit Reykjavik Sports Complex, which is only 750 metres away. Laugardalsholl Stadium is a mere 1.3 km from the Oddsson, while Reykjavik airport is 5 km from it. The accommodation is placed not very far from Oskjuhlid Hill. Entertainment options in the area feature Reykjavik City Theatre a 5-minute drive from Oddsson Hotel. Well-connected to many sights, this Reykjavik property is adjacent to Armuli bus stop.

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Charming Bed and Breakfasts

Indulge in a cozy retreat at charming bed and breakfasts nestled in Reykjavik's picturesque neighborhoods. These affordable accommodations provide a home-away-from-home experience with personalized service and hearty breakfast options. Escape the hustle and bustle of the city while still being within reach of Reykjavik's top attractions.

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6.9
Good
3214 Reviews

Hotel Cabin

📍 Borgartun 32

From 125$

Nestled in the Reykjavik East district of Reykjavik, the 2-star Hotel Cabin is a 12-minute stroll from culture-oriented attractions like the leading Asmundarsafn Art Museum. Located within a 5-minute drive of the Lutheran Hallgrimskirkja Parish Church, this low-budget hotel features 280 rooms with views of the city.

5 minutes by car from the futuristic revolving glass-domed fine Perlan Dining Restaurant, the modern accommodation is also 10 minutes' drive from Parking. Reykjavik Family park and Zoo, approximately 1.6 km away, is definitely a must-see for family tourists in Reykjavik. The nearby entertainment attractions of Reykjavik include Harpa Concert Hall and Conference Centre, which is approximately 2 km away. Hotel Cabin is located 10 km from Reykjavik airport and right near Hotel Cabin bus stop.

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7.6
Very good
2334 Reviews

Travel Inn

📍 Soleyjargata 31

From 168$

Nestled in the Reykjavik 101 district, Travel Inn is at a distance of 900 metres from such cultural places of interest as Nordic House. The inn features Wi-Fi, provided throughout the property.

Located within 5 minutes' walk of the art museum "National Gallery of Iceland", this Reykjavik property is just a short drive from Harpa Concert Hall and Conference Centre. Guests can visit places of worship such as the Lutheran Hallgrimskirkja Parish Church, set at a distance of 550 metres from the 2-star hotel. The accommodation is right near BSI Coach Terminal and offers easy access to Tjornin Lake. Travel Inn is less than a 5-minute walk from BSI bus station, and the unique Icelandic Phallological Museum is 1 km away.

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8.7
Excellent
975 Reviews

Reykjavik Lights Hotel By Keahotels

📍 Sudurlandsbraut 12

From 175$

Set 7 minutes on foot from Laugardalur Park, Reykjavik Lights Hotel By Keahotels includes 105 rooms with views of the mountain. Guests can enjoy Wi-Fi throughout the property, as well as a lift, a snack and drink vending machine on site.

This sophisticated hotel is located in the vibrant part of Reykjavik, a few minutes' drive from Grasagardur Botanical Garden. The hotel is also nearly a 5-minute drive from the Lutheran Hallgrimskirkja Parish Church in Reykjavik. The property is within 10 minutes' drive of Harpa Concert Hall and Conference Centre and other main attractions of Reykjavik. The nearest bus stop is Laugardalsholl, only 5 minutes' walk away.

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Budget-Friendly Boutique Hotels

Discover hidden gems among Reykjavik's budget-friendly boutique hotels, offering a perfect blend of style and affordability. These unique properties boast individualized decor, personalized service, and a cozy ambiance for guests looking for a touch of luxury at a reasonable price. Explore the city's trendy districts while staying in these charming accommodations.

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9
Excellent
2783 Reviews

Hotel Local 101

📍 Ranargata 4A

From 133$

Local 101 Hotel enjoys a quiet location in the very heart of Reykjavik and merely a 10-minute walk from Harpa Concert Hall and Conference Centre, which will bring a degree of happiness into your life. The hotel also features Wi Fi in public areas.

Aurora Reykjavik Northern Lights Center Science Museum and National Museum of Iceland are located at 0.6 km and 1.1 km respectively. Guests can visit places of worship such as the Lutheran Hallgrimskirkja Parish Church, set only a short drive from this 3-star hotel. The accommodation is within a 10-minute drive of the futuristic revolving glass-domed fine Perlan Dining Restaurant. Local 101 Hotel stands within 5 minutes' walk of the neo-gothic Christ the King Cathedral, just off Myrargata bus stop.

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8.7
Excellent
1684 Reviews

Blue Mountain Apartments By Heimaleiga

📍 Urtharhvarf 2

From 99$

Blue Mountain Apartments By Heimaleiga Reykjavik is a great place to stay in the Kopavogur district, within 10 minutes' drive of Arbaer Open Air Historical Museum. Featuring a lift, a snack and drink vending machine throughout the property, this aparthotel is located 10 minutes' drive from the prominent Icelandic Olgerthin Brewery.

The accommodation is about 15 km from Reykjavik airport and within a 6-km distance of such cultural venues as the progressive Gertharsafn Museum. The Blue Mountain Apartments By Heimaleiga is also within 20 minutes' walk of such natural sights as Ellithavatn Lake. Sport fans will appreciate the vicinity of Laugardalsholl Stadium, which is around 7 km away.

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7.5
Very good
479 Reviews

Ok Hotel

📍 Laugavegur, 74

From 61$

Featuring Wi Fi throughout the property, Ok Studios Reykjavik sits around 6 minutes' walk from Laugavegur Shopping Street. Featuring 22 rooms with views of the city, the hotel is just a short drive from the Neo-Gothic Roman Christ the King Catholic Cathedral.

The accommodation is centrally located in the Reykjavik 101 district, a 5-minute walk from Sundhollin Public Baths. This 3-star hotel is nearly 16 minutes' walk from Reykjavik Museum of Photography and just a pleasant stroll from the Lutheran Hallgrimskirkja Parish Church. The property is placed near a harbour. The nearby cultural attractions include The Culture House National Museum, which is around 0.7 km from Ok Studios. The bus stop Snorrabraut / Hlemmur is located at the distance of not very far from this accommodation.

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Eco-Conscious Lodgings on a Budget

Embark on a sustainable travel journey by opting for eco-conscious lodgings in Reykjavik that cater to budget-conscious travelers. These environmentally-friendly accommodations prioritize green practices without compromising on comfort or style. From energy-efficient facilities to locally sourced amenities, enjoy a guilt-free stay at these nature-inspired properties.

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8
Very good
1235 Reviews

Fosshotel Lind

📍 Raudararstigur 18

From 297$

Fosshotel Lind Reykjavik is an enchanting 3-star property set within 5 minutes' drive of Solfar Sculpture and less than a 5-minute stroll from Hlemmur. This hotel provides a lift, a snack and drink vending machine, and such leisure facilities as a shared lounge and various recreational opportunities.

The accommodation in a business district, nearly a 5-minute drive from Parking. The charming hotel is situated within a minute's drive of the Lutheran Hallgrimskirkja Parish Church, which is considered to be a sacred site. Such entertainment attractions as Harpa Concert Hall and Conference Centre are also approximately 19 minutes' walk away. Due to a location a short stroll from a bus stop, Fosshotel Lind gives quick access to other parts of Reykjavik.

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Affordable Apartment Rentals

Dive into the local lifestyle by choosing affordable apartment rentals in Reykjavik, ideal for budget travelers seeking a flexible and independent stay. These fully-equipped apartments offer the comforts of home, including kitchen facilities and cozy living spaces, making them a cost-effective option for longer stays. Enjoy the freedom to explore Reykjavik at your own pace while saving on accommodation costs.

Unique Budget Stays Near City Center

Explore unique budget stays near Reykjavik's city center, where affordable accommodations are just a stone's throw away from the main attractions. Whether you opt for a boutique guesthouse or a budget-friendly hotel, these properties offer convenience and accessibility without compromising on affordability. Experience the best of Reykjavik while staying within your budget constraints.

Reykjavik Cheap Hotels FAQ
Which Cheap hotels have a lot of guest reviews?
Here are some Cheap hotels that have the highest number of reviews:
Which area in Reykjavik has cheap hotels?
To explore Reykjavik, stay in Reykjavik 101 district, booking a room in Freyja Guesthouse & Suites (rating: 8.2/10) with a picnic area, concierge service, and cots. Guesthouse Galtafell with rating 8.4/10 is also a good option to consider. Also you may like Ubak Guesthouse (rating: 8.2/10), which is set in the best Reykjavik area - Reykjavik South-East. This venue has hiking, complimentary parking, and laundry facilities.
What are the best cheap accommodations in Reykjavik city centre?
For those searching for a central place, there are 3 deals to consider.
What are the best budget hotels in Reykjavik 101 district?
According to spiritualitycentre.org travel data, there are 16 options in Reykjavik 101 district. We recommend Hotel Klettur rated 8.4/10 with cots, a gaming room, and billiards on site. This budget 3-star property is set 1.2 km from Skolavorthustigur and costs 86US$ per night. Also consider City Center Hotel with rating 8.4/10 offering shuttle service, concierge service, and 24-hour security. This 3-star accommodation costs 221US$ per night. Other suitable properties in this area include Treasure B&B, Fosshotel Baron, and 4Th Floor Hotel.
What are the best budget hotels in Reykjavik?
For budget-conscious travellers, spiritualitycentre.org offers 12 affordable hotels. We recommend Hotel Lotus (rating: 8.4/10) at the cost of 186US$ per night. This 3-star accommodation is set in Reykjavik East district with concierge service, cots, and a free carpark on site. You may also like Blue Mountain Apartments By Heimaleiga rated 8.4/10 with a golf course, cots, and hiking. This 3-star property costs 111US$ per night. Other top budget places are Brim Hotel, Alva Hotel, and R13 - A Townhouse Hotel.
What are the best affordable hotels not far from Hallgrimskirkja?
If you wish to stay not far from this tourist destination, on spiritualitycentre.org you can easily book one of 17 budget accommodations. Consider booking Midtown Hotel (rating: 8.4/10), where prices start from 58US$ per night. This 3-star venue is set 10 minutes' walk from the landmark and offers cots, 24-hour security service, and a photocopier on site. Another recommended budget hotel is Fosshotel Rauthara (rating: 8.4/10) with cots, dry cleaning, and housekeeping. It's set 10 minutes' walk from the attraction and costs 160US$ per night. Other perfect deals include Arcturus Guesthouse, Downtown Hotel, and Fosshotel Lind.
What are the best cheap 5-star properties in Reykjavik?
Travellers highly rated Black Pearl Apartment Hotel (rating: 8.6/10) with concierge service, cots, and laundry facilities. It's set a 5-minute walk from the city centre and costs 414US$ per night. Alternatively, you may like The Edition (rating: 8.0/10) with back massages, concierge service, and a spa lounge on site. It costs 760US$ per night.

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