Find Cheap Budget hotels in Reykjavik

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The Latest Deals for Budget hotels in Reykjavik

Discover well-known properties in Reykjavik that are favoured by visitors more than others. There are 253 hotels in Reykjavik and price data was last updated on 3 March 2026. The average price for a hotel in Reykjavik is .
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Ranargata 4a, Reykjavik, Iceland
Hotel with a restaurant, steps from Reykjavik Harbour Along with a restaurant, this smoke-free hotel has a 24-hour fitness center and a bar/lounge. WiFi in public areas is free. Other amenities include a snack bar/deli, a coffee shop/cafe, and coffee/tea in a common area. Hotel Local 101 offers 30 accommodations with hair dryers and complimentary toiletries. Beds feature down comforters and premium bedding. 43-inch flat-screen televisions come with premium digital channels. Bathrooms include showers with rainfall showerheads. This Reykjavik hotel provides complimentary wireless Internet access. Housekeeping is provided daily. Recreational amenities at the hotel include a 24-hour fitness center. The recreational activities listed below are available either on site or nearby; fees may apply.
Free Wi-Fi
Airport shuttle
9.0
Excellent
2614 reviews
Location
0.2 km from city centre
Thorunnartun 4, Reykjavik, Iceland
Hotel with a bar, steps from Laugavegur A bar/lounge, a snack bar/deli, and concierge services are available at this hotel. Free buffet breakfast and free WiFi in public areas are also provided. Other amenities include dry cleaning, a 24-hour front desk, and tour/ticket assistance. Housekeeping is available on request. Storm Hotel by Keahotels offers 93 accommodations with hair dryers and complimentary toiletries. 40-inch flat-screen televisions come with cable channels. Bathrooms include showers with rainfall showerheads. This Reykjavik hotel provides complimentary wireless Internet access. Business-friendly amenities include desks, desk chairs, and phones. Housekeeping is provided on request.
Free Wi-Fi
8.6
Excellent
2121 reviews
Location
1.5 km from city centre
Hafnarstraeti 17-19, Reykjavik, Iceland
Welcome to the Konsulate Hotel Reykjavik, Curio Collection by Hilton, where Icelandic history and style meet. Once a 1900’s department store operated by Consul Thomsen’s family, this charming building has been renovated with modern amenities and nods to Reykjavik’s vibrant culture. It’s a quick walk from our city center hotel to Iceland Parliament, Harpa Concert Hall, the Laugavegur main shopping street, and top restaurants and nightlife. Settle into a guest room that’s uniquely Iceland with eclectic architecture and natural building materials. Along with a 49-inch HDTV and complimentary WiFi, comforts include a mini-refrigerator, espresso machine, tea kettle and laptop-sized safe. Suites offer more space and a separate living area – treat yourself to a Diplomat Suite, a corner room with a beautiful private terrace. Our luxurious amenities will keep you relaxed and recharged for your stay. Indulge in treatments in the spa, featuring an original 19th-century stone wall that reflects Iceland’s tradition of natural bathing. An award-winning chef is at the helm of our hotel restaurant and bar, open all day, and the fitness center has everything you need for a full-body workout.
Free Wi-Fi
9.0
Excellent
541 reviews
Location
0.1 km from city centre
Armuli 9, Reykjavik, Iceland
Hotel with 3 hot tubs, near Laugavegur A full-service spa, a restaurant, and a fitness center are available at this smoke-free hotel. Free WiFi in public areas and free self parking are also provided. Additionally, a bar/lounge, a snack bar/deli, and a sauna are onsite. Hotel Ísland - Spa & Wellness Hotel offers 128 accommodations with safes and coffee/tea makers. Televisions come with satellite channels. Bathrooms include bathtubs or showers and hair dryers. This Reykjavik hotel provides complimentary wireless Internet access. Housekeeping is offered daily and irons/ironing boards can be requested. 3 hot tubs are on site. Other recreational amenities include a sauna and a fitness center. The recreational activities listed below are available either on site or nearby; fees may apply.
Free Wi-Fi
Parking
8.2
Excellent
2105 reviews
Location
3.0 km from city centre
Myrargata 2, Reykjavik, Iceland
Hotel with a marina, steps from Reykjavik Harbour A marina, a restaurant, and a bar/lounge are available at this smoke-free hotel. WiFi in public areas is free. Other amenities include a snack bar/deli, a business center, and a meeting room. Reykjavik Marina - Berjaya Iceland Hotels offers 147 accommodations with safes and coffee/tea makers. LCD televisions come with satellite channels. Bathrooms include showers with rainfall showerheads, and hair dryers. Guests can surf the web using the complimentary wireless Internet access. Business-friendly amenities include desks, desk chairs, and phones. Housekeeping is offered daily and irons/ironing boards can be requested. The recreational activities listed below are available either on site or nearby; fees may apply.
Free Wi-Fi
8.6
Excellent
3316 reviews
Location
0.4 km from city centre
Laugavegur 66-68, Reykjavik, Iceland
Hotel with a restaurant, steps from Laugavegur Along with a restaurant, this smoke-free hotel has a fitness center and a bar/lounge. WiFi in public areas is free. Additionally, a snack bar/deli, a sauna, and a hot tub are onsite. Alda Hotel Reykjavik offers 90 accommodations with safes and coffee/tea makers. Beds feature Egyptian cotton sheets and premium bedding. Cable television is provided. Bathrooms include showers, bathrobes, designer toiletries, and complimentary toiletries. Guests can surf the web using the complimentary wireless Internet access. Business-friendly amenities include desks and phones; free local calls are provided (restrictions may apply). Additionally, rooms include hair dryers and blackout drapes/curtains. Housekeeping is provided daily. Recreational amenities at the hotel include a hot tub, a sauna, and a fitness center.
Free Wi-Fi
Airport shuttle
8.8
Excellent
1648 reviews
Location
1.0 km from city centre
Thingholtsstraeti 3-5, Reykjavik, Iceland
Boutique hotel with a full-service spa, steps from Laugavegur A full-service spa, a restaurant, and a fitness center are available at this smoke-free hotel. WiFi in public areas is free. Additionally, a bar/lounge, a sauna, and a hot tub are onsite. Þingholt by Center Hotels offers 52 accommodations with minibars and safes. Televisions come with digital channels. Refrigerators and coffee/tea makers are provided. Bathrooms include bathrobes, complimentary toiletries, and hair dryers. Guests can surf the web using the complimentary wireless Internet access. Business-friendly amenities include desks and phones; free local calls are provided (restrictions may apply). Housekeeping is offered daily and irons/ironing boards can be requested. Recreational amenities at the hotel include a hot tub, a sauna, and a fitness center. The recreational activities listed below are available either on site or nearby; fees may apply.
8.4
Excellent
1728 reviews
Location
0.3 km from city centre
Haholt 7, Reykjavik, Iceland
Beach hotel with hot tub, near Alafoss Waterfall Guests at this beach hotel will appreciate convenient onsite amenities such as barbecue grills and a picnic area. Hotel Laxnes offers 26 accommodations. This Mosfellsbær hotel provides complimentary wireless Internet access. Bathrooms include bathtubs or showers. Irons/ironing boards and hair dryers can be requested. Rollaway/extra beds (surcharge) are also available. Housekeeping is provided daily. Recreational amenities at the hotel include a hot tub. The recreational activities listed below are available either on site or nearby; fees may apply.
Free Wi-Fi
Parking
8.2
Excellent
1332 reviews
Location
12.1 km from city centre
Brautarholti 29, Reykjavik, Iceland
Hotel with free parking, steps from Laugavegur This smoke-free hotel features coffee/tea in a common area, concierge services, and laundry facilities. Free WiFi in public areas and free self parking are also provided. Additionally, a library, tour/ticket assistance, and a TV in a common area are onsite. Limited housekeeping is available. Hotel Orkin offers 24 accommodations with hair dryers and complimentary toiletries. LED televisions come with cable channels. Bathrooms include showers. Guests can surf the web using the complimentary wireless Internet access. Housekeeping is provided on weekdays only.
Free Wi-Fi
Parking
Airport shuttle
8.1
Excellent
3170 reviews
Location
2.1 km from city centre
Álftamýri 7, Reykjavik, Iceland
Hotel with free parking, 6-minute walk to Laugavegur Concierge services, tour/ticket assistance, and a front-desk safe are available at this smoke-free hotel. Free continental breakfast, free WiFi in public areas, and free self parking are also provided. Hotel Lotus offers 17 accommodations with safes and coffee/tea makers. Flat-screen televisions are featured in guestrooms. Bathrooms include showers, complimentary toiletries, and hair dryers. Guests can surf the web using the complimentary wired and wireless Internet access. Housekeeping is offered daily and irons/ironing boards can be requested.
Free Wi-Fi
Parking
9.0
Excellent
1394 reviews
Location
2.6 km from city centre

HotelsCombined’s insights for budget hotels in Reykjavik

Use our HotelsCombined data-powered tips to help you find your next budget hotel in Reykjavik.

What day of the week has the lowest rates for Reykjavik budget hotels?

Budget hotels in Reykjavik are most affordable on Mondays, with average nightly rates around $192. Tuesdays are usually the most expensive, averaging $833 per night.

How much is a budget hotel in Reykjavik tonight?

Users have found prices for budget hotels in Reykjavik tonight starting as low as $186, rising to an average cost of $468, based on searches in the last 72 hours. Prices start from $275 for a 4-star budget hotel in Reykjavik for tonight.

How much is a Reykjavik budget hotel room this weekend?

In the past 72 hours, we’ve seen prices for budget hotels in Reykjavik this weekend for as little as $69/night. If you’re specifically looking for a 3-star hotel this weekend, our users have found prices as low as $69/night. For a 4-star budget hotel in Reykjavik, the cheapest rate recently found was $324/night for this weekend.

What’s the recommended booking timeframe for Reykjavik budget hotels?

For the best rates, it's recommended to book your Reykjavik budget hotel at least 77 days before your stay.

Top-rated Budget hotels in Reykjavik

Browse through properties in Reykjavik that have received the highest ratings from guests. There are currently 253 properties in Reykjavik and data was last updated on 3 March 2026.
Our users rated these Reykjavik hotels among the best places to stay. Take a look at user reviews to learn why these properties were rated the best.
Tryggvagata 12, Reykjavik, Iceland
0.3 km from city centre
Free Wi-Fi
$283
Avg. per night
Laugavegur 140, Reykjavik, Iceland
1.5 km from city centre
Free Wi-Fi
$287
Avg. per night
95-99 Laugavegur, Reykjavik, Iceland
1.2 km from city centre
Free Wi-Fi
$235
Avg. per night
Laugavegur 22A, Reykjavik, Iceland
0.6 km from city centre
Free Wi-Fi
Airport shuttle
$228
Avg. per night

Other accommodations in Reykjavik

Discover the ideal holiday rental or hostel for your stay in Reykjavik. Choose from a variety of options among the available accommodations. Listings are regularly updated, with the latest information as of 3 March 2026.
Borgartuni 32, Reykjavik, Iceland
2.3 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$168
Avg. per night
Thorunnartun 4, Reykjavik, Iceland
1.5 km from city centre
Free Wi-Fi
$288
Avg. per night
Armuli 9, Reykjavik, Iceland
3.0 km from city centre
Free Wi-Fi
Parking
$204
Avg. per night
Reykjavik, Iceland
0.8 km from city centre
$276
Avg. per night
Sundlaugavegur 34, Reykjavik, Iceland
3.2 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$171
Avg. per night
Vesturgata 17, Reykjavik, Iceland
0.3 km from city centre
Free Wi-Fi
$239
Avg. per night
Skogarhlid 10, Reykjavik, Iceland
1.8 km from city centre
Free Wi-Fi
Parking
$138
Avg. per night

Explore Reykjavik

Explore different neighbourhoods and areas within Reykjavik to find the perfect location for your stay. Map data was last updated on 3 March 2026.
Whether you're visiting Reykjavik for leisure or business, utilise the map to find hotels close to your ideal location. Clicking on a hotel name will take you to a page with pricing, reviews, and more useful information.

Reykjavik Budget hotels - FAQs

Find useful tips and insights about staying in Reykjavik to help you make the most of your experience. FAQs were last updated on 3 March 2026.
  • Can you book a 5-star budget hotels in Reykjavik?

    Unfortunately, there are no 5-star budget hotels in Reykjavik. But check out Canopy by Hilton Reykjavik City Centre ($412/night) or Thingholt by Center Hotels ($258/night), which are both 4-star budget hotels.

  • How many budget hotels are there in total in Reykjavik?

    There are 253 Reykjavik budget hotels available out of a total 904 hotels that you can book on HotelsCombined.

  • Which are the most popular Reykjavik budget hotels?

    HotelsCombined users’ favourite budget hotels in Reykjavik are Hostel B47, Hotel Island, and Hotel Fron. With a rating of 9.1/10, Hotel Fron is the highest-rated hotel.

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