Cheap Hotels in Reykjavik

Free cancellation options if plans change
Unlock travel rewards with One Key
Save more with Member Prices

Check prices for these dates

Next weekend
In two weeks

Cheap Hotels in Reykjavik

Top neighbourhoods in Reykjavik

Top landmarks in Reykjavik

A tranquil hotel pool encircled by beautiful arches

Summer Getaway Sale

Sign in to save 25%+ on selected hotels, and earn 50% more rewards on all properties. Book by 26 May and travel by 30 Sep 2025. See terms*

Frequently asked questions

How much is a cheap hotel in Reykjavik?
In Reykjavik, you’ll find a variety of hotels to choose from so filter on “included” amenities or “budget property” to find the best value. When you’re searching for the best hotel deals, remember to sort your results by “Price: low to high” to find the cheapest Reykjavik hotels.
  • Take a look at the lowest price per night
What is the cheapest area in Reykjavik?
When you’re looking for cheap hotels in Reykjavik, location is key. Downtown Reykjavik and Laugardalur often have great budget-friendly options available. Prefer to stay in another part of town? Use our map feature to find a low-cost hotel in the perfect spot.
What are the best cheap hotels in Reykjavik?
For a cheap hotel in Reykjavik with glowing reviews, consider Hostel B47, which features free Wi-Fi and free parking . You can also look at Kex Hostel Reykjavík or Hotel Von.
Can I stay in a hostel in Reykjavik?
Hostels can be a cheaper alternative to Reykjavik hotels, as you can stay in a shared dormitory. There are 11 hostels in Reykjavik. Kex Hostel Reykjavík offers free in-room Wi-Fi and a bar . Hostel B47 is another low-cost option.
What are the best cheap things to do in Reykjavik?
Sightseeing doesn’t have to be expensive. For some things to do in Reykjavik, stroll along Laugavegur or you can get outdoors at Reykjavik Pond. Make sure that you include a visit to Nautholsvik Geothermal Beach.