Welcome, fellow explorers, to the enchanting city of Reykjavik, where history, culture, and adventure converge in perfect harmony. As an aficionado of economical getaways that boast a rich heritage and local flair, you are in for a treat in this vibrant Icelandic capital. Let's dive into the world of reasonably-priced accommodations that not only fit your budget but also immerse you in the fascinating stories of Reykjavik's past.
In your quest for cost-effective lodgings with a hint of antiquity and tradition, Reykjavik offers a plethora of options that cater to your discerning taste for both adventure and affordability. Imagine waking up in a cozy hotel bursting with character, surrounded by the echoes of Iceland's captivating history. From charming guesthouses to family-run inns, each stay promises to be a delightful blend of comfort and culture, without breaking the bank.
As you traverse the charming streets of Reykjavik, lined with colorful houses and local eateries, you'll discover that luxury does not have to come with a hefty price tag. Embrace the spirit of exploration as you uncover hidden gems in the heart of the city, where budget-friendly accommodations serve as gateways to unforgettable experiences. Whether you seek a quaint bed-and-breakfast or a historic hostel, rest assured that your stay will be a testament to the magic of affordable travel intertwined with cultural immersion.
Join us on a journey through the enchanting landscapes and storied past of Reykjavik, where every corner holds a tale waiting to be unraveled. Let the allure of budget-friendly accommodations with a touch of history and culture guide you as you embark on an educational adventure unlike any other. Embrace the charm of Iceland's capital without compromise, and let the memories you create linger long after your stay has ended. Your affordable escapade filled with historical enchantment awaits – are you ready to explore Reykjavik's hidden treasures?
Our Top 10
(Sorted by rating & number of reviews)
Best Reykjavik Cheap Hotels
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Fosshotel Lind
The enchanting Fosshotel Lind is in the centre of Reykjavik steps away from Hlemmur. This venue features a picnic area and various recreational opportunities as well as Wi-Fi in the rooms.
Reykjavik Museum of Photography and the Lutheran Hallgrimskirkja Parish Church are set only 1.7 and 0.8 km respectively from the hotel. The accommodation is a 15-minute walk from the centre of Reykjavik.
Fosshotel Lind is a short ride from Harpa Concert Hall and Conference Centre.
Most rooms at this property come with a separate toilet and a shower.
Fosshotel Baron
Fosshotel Baron Reykjavik boasts a central setting not far from Laugavegur. This hotel features a terrace, a picnic area, and various recreational opportunities as well as Wi-Fi in public areas.
The property is located just off Skulagata, in the heart of Reykjavik. The venue is centrally situated a 10-minute ride from the futuristic revolving glass-domed fine Perlan Dining Restaurant.
Guests will find a shopping street and shops a stone's throw from the hotel. It is a 25-minute walk to the Laugardalsholl Stadium.
Certain rooms feature views of the the Atlantic Ocean. For your comfort, you will find a separate toilet and a shower.
Storm Hotel By Keahotels
The 3-star Storm Hotel By Keahotels Reykjavik is set 1.6 km from Icelandic Street Food and 0.8 km from the huge 1990 stainless-steel Sun Voyager Sculpture. The venue is stylish and features Wi-Fi throughout the accommodation.
The property offers a central location about 5 km from Reykjavik airport and a few minutes' walk from the historic Hofthi Residence. It takes 15 minutes on foot to get to Reykjavik city centre.
Storm Hotel By Keahotels is a short ride from the Lutheran Hallgrimskirkja Parish Church.
There are rooms with wood floor.
Good Cheap hotels in Reykjavik
In Reykjavik, budget travelers seeking a comfortable stay will find a selection of good cheap hotels that cater to their needs. These hotels provide basic yet cozy accommodation for those looking to explore the city while on a budget. With clean and well-maintained rooms, friendly staff, and convenient locations, these budget-friendly options are a great choice for those who prefer spending their money on activities and experiences rather than accommodation.
Center Hotels Plaza
Located a 16-minute stroll from Vesturbaejarlaug Swimming Pool, the 3-star Center Hotels Plaza Reykjavik offers elegant rooms a just 13 minutes on foot from the Lutheran Hallgrimskirkja Parish Church. Set near the modern theatre "Volcano House", the venue overlooks the mountain and invites guests to have a drink at a lounge bar.
The accommodation is situated in Reykjavik 101 district, near the contemporary lakeside Rathhus City Hall. The hotel lies within a 5-minute walk of the centre of Reykjavik.
Center Hotels Plaza is a short ride from Sundhollin Public Baths.
Rooms come with a modern decor and wooden floor. This comfortable venue has 286 rooms with private bathrooms.
City Center Hotel
The 3-star City Center Hotel Reykjavik is situated 5 minutes' drive from the Miklatún park "Kjarvalsstathir Gallery". Featuring 30 rooms with views of the garden, this venue is set within a short ride from the Lutheran Hallgrimskirkja Parish Church.
The accommodation is located near the contemporary lakeside Rathhus City Hall, in the heart of Reykjavik. It is a 5-minute walk from the modest Parliament House.
The property has an excellent location in Reykjavik, not far from Harpa Concert Hall and Conference Centre.
The rooms have private bathrooms with a walk-in shower, a separate toilet, and a bath. The elegant furniture is ideally combined with parquetry floor.
Icelandic Apartments By Heimaleiga
Located approximately 7 km from the domed fine Perlan Dining Restaurant, the comfortable Icelandic Apartments By Heimaleiga Reykjavik features a gym, various recreational opportunities, and a golf course. Situated in Kopavogur district, the aparthotel is set 1.8 km from Lake Ellidavatn.
You can get to Safari Quads in a few minutes by car.
The comfortable accommodation offers views of the city from these rooms. There is also a microwave oven, an electric kettle, and a full-sized fridge.
Cheap Hotels in Downtown Reykjavik
For travelers seeking to explore all that downtown Reykjavik has to offer while staying within budget, there are a variety of cheap hotels that provide a comfortable and convenient base for active pursuits. Located within walking distance of popular attractions, shops, and restaurants, these accommodations offer simple yet cozy rooms perfect for resting after a day of exploring the city on foot or by bike. Additionally, their proximity to local hiking trails, parks, and fitness centers make them ideal for those looking to stay active during their stay, providing the perfect balance of affordability and accessibility for an enjoyable and adventurous trip.
Hotel Cabin
Situated within 5 minutes' drive of Laugardalslaug Geothermal Pool, Hotel Cabin Reykjavik features Wi-Fi throughout the venue and complimentary private parking on site. The accommodation is located off Solfar Sculpture, just 15 minutes' walk from the city centre.
The hotel is 5 minutes by car from 12 Tonar Record Store. The property is located in Reykjavik East district.
You can get to Grasagardur Botanical Garden in a few minutes by car.
The rooms have private bathrooms with a separate toilet and a shower. Certain units feature views of the city.
Reykjavik Lights Hotel By Keahotels
A 25-minute walk from the Lutheran Hallgrimskirkja Parish Church, the 3-star Reykjavik Lights Hotel By Keahotels offers sophisticated accommodation with 105 rooms. Set near Laugardalur Park, the venue overlooks the mountain and invites guests to have a drink at a lounge bar.
Harpa Concert Hall and Conference Centre is less than 2.7 km away. The distance between Reykjavik city centre and the property is 1 km.
Reykjavik Lights Hotel By Keahotels is a short ride from Reykjavik Domestic Airport.
The rooms have private bathrooms with a walk-in shower and a separate toilet. Also, the property features parquetry flooring.
Oddsson Midtown Hotel
Oddsson Hotel Reykjavik is a 3-star venue placed about a 10-minute drive from Reykjavik Domestic Airport. Featuring 77 rooms with views of the mountain, this hostel is set within a short ride from Laugardalur Park.
The property is within 10 minutes' drive of the Lutheran Hallgrimskirkja Parish Church. It is 2 km from downtown Reykjavik.
Oddsson Hotel is close to tourist attractions, including Hagkaup.
There are rooms with parquet floor.
Cheap Hotels in Reykjavik with Free Parking
For travelers looking to explore Reykjavik on a budget while still having the freedom to embark on active adventures, opting for a cheap hotel with free parking can be a game-changer. Whether you're planning to take on the stunning hiking trails, dive into the invigorating waters of the local hot springs, or simply meander through the charming streets of the city center, having a convenient and cost-effective place to stay can make all the difference. By choosing a budget-friendly option with complimentary parking, guests can save their money for unforgettable experiences and thrilling activities in and around Reykjavik.
Center Hotels Skjaldbreid
Laugardalsholl Stadium is 2.6 km from Center Hotels Skjaldbreid Reykjavik, while Laugavegur is 250 metres away. It offers impressive accommodation and Wi-Fi is available throughout the venue.
The hotel is set in the old part of Reykjavik, a few minutes away from National Museum of Iceland. The property is also set amid a bar and restaurants, and a few steps from Cafe Loki.
The Culture House National Museum is located close by, as well as shops and a shopping street.
Rooms are fitted with a private bathroom.
Fosshotel Rauthara
Featuring Wi-Fi throughout the property, Fosshotel Rauthara Reykjavik is set 5 minutes' drive from Parking. The venue is located near Klambratun Park, in the heart of Reykjavik.
Guests will appreciate a central location in the vicinity of Sundhollin Public Baths. The famous Volcano House is a 5-minute ride from the accommodation, while Reykjavik airport is 5 km from it.
You can get to the indoor sporting Laugardalsholl Arena in a few minutes by car.
The rooms have private bathrooms with a separate toilet and a shower. Also, the hotel features parquetry flooring.
Hotel Klettur
Featuring Wi-Fi throughout the property, Hotel Klettur Reykjavik is set just 13 minutes on foot from the Lutheran Hallgrimskirkja Parish Church. The venue is based close to cafés and restaurants, about 950 metres from Laugavegur.
The accommodation is located in a shopping area, close to Hlemmur. It is 2 km to the centre of Reykjavik.
There are shops and a shopping street near the hotel, plus the unique Icelandic Phallological Museum is also close by. You can get to the forested Oskjuhlith Park in a few minutes by car.
The rooms have private bathrooms with a walk-in shower and a separate toilet. Some units also have an electric kettle and a refrigerator.
Family Cheap Hotels in Reykjavik
Families looking for an affordable stay in Reykjavik can find a variety of budget-friendly hotels that cater to active travelers. These family-friendly accommodations offer comfortable rooms and convenient facilities, making them ideal for those seeking an affordable yet enjoyable experience in the city. Whether exploring the city's vibrant streets or embarking on outdoor adventures in the surrounding nature, these hotels provide a welcoming base for families to rest and recharge in between activities.
Rey Apartments
Area attractions, including Laugavegur and the Lutheran Hallgrimskirkja Parish Church are located only a short walk from Rey Apartments Reykjavik. Wi-Fi is accessible throughout the venue and a car park is provided on site.
National Museum of Iceland is 1.3 km of the accommodation, while the large indoor Kolaportith Bazaar is around 0.7 km away. The hotel is set within 1 km from Reykjavik city centre.
Rey Apartments is a short ride from the leading Asmundarsafn Art Museum.
The rooms have parquetry floor as well as a microwave oven, an electric kettle, and a fridge.
The Swan House By Heimaleiga Aparthotel
The trendy Swan House By Heimaleiga Aparthotel is only 0.6 km from the Lutheran Hallgrimskirkja Parish Church in Reykjavik. Guests will have access to a car park nearby for added convenience.
The venue is 1 km from the city centre and adjacent to Laugavegur. The property is based just a few steps from cafés, restaurants, and bars, about 900 metres from Icelandic Fish and Chips.
In the vicinity of the hotel there is Hverfisgata.
The rooms have private bathrooms with a walk-in shower and a separate toilet. They have kitchen facilities, such as a microwave oven, an electric kettle, and a fridge.
Center Hotels Klopp
Overlooking the bay, Center Hotels Klopp Reykjavik offers 3-star accommodation around a 5-minute ride from the Lutheran Hallgrimskirkja Parish Church. Additionally, you'll find Wi-Fi in the rooms in the venue.
The hotel is right at Laugavegur. The property is 10 minutes' walk from Reykjavik city centre and 10 minutes by car from Reykjavik airport.
The venue is located in the heart of Reykjavik, near a bar and restaurants. You can get to the contemporary lakeside Rathhus City Hall in a few minutes by car.
The rooms are fitted with private bathrooms.
Pet-Friendly Cheap Hotels in Reykjavik
Traveling to Reykjavik with your furry friend and looking for budget-friendly accommodation options? There are several pet-friendly cheap hotels in the city that cater to both you and your four-legged companion. Enjoy a comfortable stay without breaking the bank, while also exploring the unique outdoor activities and adventures that Reykjavik has to offer. From hiking and biking trails to scenic parks and pet-friendly cafes, Reykjavik is the perfect destination for active travelers looking to bring their pets along for the journey.
Guesthouse Galtafell
Located off Asgrimur Jonsson Collection Museum, this 3-star Guesthouse Galtafell Reykjavik is just 1 km from Sundhollin Public Baths. Set in the heart of Reykjavik, the property offers 11 rooms overlooking the garden.
The centre of Reykjavik can be reached within a 10-minute walk. Harpa Concert Hall and Conference Centre is just a minute's drive from the guest house, while Reykjavik airport is 5 km from it.
The hotel is centrally located near the Lutheran Hallgrimskirkja Parish Church.
Here you can enjoy a microwave, an electric kettle, and a fridge.
Cheap Weekly Hotels in Reykjavik
Traveling to Reykjavik for a week of active recreation and seeking affordable accommodation options? Look no further than the variety of cheap weekly hotels available in the city. Enjoy the convenience and flexibility of extended stays while exploring all the outdoor adventures and cultural experiences Reykjavik has to offer. Whether you're chasing waterfalls, hiking volcanic landscapes, or indulging in local cuisine, these budget-friendly options provide a comfortable base for your active getaway in Iceland's vibrant capital.