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Budget hotels in Reykjavik

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Popular Budget hotels in Reykjavik

Discover well-known properties in Reykjavik that are favoured by visitors more than others. There are 311 hotels in Reykjavik and price data was last updated on 2 July 2025. The average price for a hotel in Reykjavik is .
These hotels are among the most popular properties in the Reykjavik area. Users can utilise the filters available to narrow down their search.
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Reykjavik, Iceland
Located in Reykjavik, this welcoming apartment brings it all within your reach. There's convenient nearby parking, so you can leave your vehicle behind and let your feet make short work of the 2-minute walk to Laugavegur or the 10-minute walk to Hofdi House. A memory foam bed, premium bedding, luggage storage, and climate-controlled air-conditioning are featured at this vacation rental. Connect to the free WiFi, or get cozy in front of the flat-screen TV. Bathroom amenities include a hair dryer, free toiletries, and towels. The kitchenette is equipped with a stovetop, a refrigerator, and a dishwasher, as well as a coffee maker, an electric kettle, and a microwave. Other amenities include bed sheets, a desk, an ironing board, and blackout drapes/curtains.
Air conditioning
Airport shuttle
8.8
Excellent
834 reviews
Location
1.8 km from city centre
Reykjavik, Iceland
While you're here, you can enjoy all the comforts of home and more, including a refrigerator and an oven, as well as a stovetop and a dishwasher. Other amenities include laundry facilities, a freezer, towels, and a DVD player.
9.2
Excellent
1085 reviews
Location
1.4 km from city centre
Freyjugata 39, Reykjavik, Iceland
While you're here, you can enjoy all the comforts of home and more, including a rainfall showerhead and a full-sized refrigerator/freezer, as well as an oven and a stovetop. Other amenities include designer toiletries, a freezer, towels, and kitchenware and utensils.
Free Wi-Fi
Parking
9.3
Excellent
994 reviews
Location
0.9 km from city centre
Valhúsabraut 19, Reykjavik, Iceland
Suburban bed & breakfast in Seltjarnarnes with free parking This smoke-free bed & breakfast features dry cleaning, laundry facilities, and a library. Free WiFi in public areas and free self parking are also provided. Other amenities include express check-in, express check-out, and tour/ticket assistance. Housekeeping is not available. Blue House B&B offers 10 accommodations with complimentary bottled water and slippers. Pillowtop beds feature premium bedding. Televisions come with premium cable channels and pay movies. Kitchenettes offer refrigerators, stovetops, and microwaves. Bathrooms include separate bathtubs and showers with rainfall showerheads, and hair dryers. This Seltjarnarnes bed & breakfast provides complimentary wireless Internet access. Business-friendly amenities include desks and computer monitors, as well as phones; free local calls are provided (restrictions may apply). Irons/ironing boards, change of towels, and change of bedsheets can be requested. The recreational activities listed below are available either on site or nearby; fees may apply.
Free Wi-Fi
Air conditioning
8.0
Excellent
1316 reviews
Location
2.9 km from city centre
26 Ægisgata, Reykjavik, Iceland
Hostel in Reykjavik, a short walk to Reykjavik Harbour This smoke-free hostel features a microwave in a common area, a refrigerator in a common area, and laundry facilities. WiFi in public areas is free. Additionally, a computer station, express check-in, and express check-out are onsite. Bathrooms are shared and housekeeping is available once per stay. Refurinn Reykjavik Guesthouse - Hostel offers 9 accommodations with coffee/tea makers and shared/communal kitchens. Each accommodation is individually furnished and decorated. Beds feature pillowtop mattresses. Guests can surf the web using the complimentary wireless Internet access. Guests have access to shared bathrooms. Bathrooms include showers and hair dryers. Business-friendly amenities include phones; local and long-distance calls are complimentary (restrictions may apply). Housekeeping is offered once per stay and irons/ironing boards can be requested. Housekeeping is provided on a limited basis. The recreational activities listed below are available either on site or nearby; fees may apply.
Free Wi-Fi
Parking
8.6
Excellent
923 reviews
Location
0.4 km from city centre
Laufásvegur 41, Reykjavik, Iceland
While you're here, you can enjoy all the comforts of home and more, including a refrigerator and an oven, as well as a stovetop and a dishwasher. Other amenities include premium bedding, laundry facilities, a freezer, and a hair dryer.
Free Wi-Fi
Parking
7.5
Good
2010 reviews
Location
0.7 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 24-hour front desk, a library, and free newspapers are onsite. 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 offered daily and irons/ironing boards can be requested.
Free Wi-Fi
Parking
Airport shuttle
8.1
Excellent
2917 reviews
Location
2.1 km from city centre
Laugavegur 28a, Reykjavik, Iceland
While you're here, you can enjoy all the comforts of home and more, including a dishwasher and free WiFi, as well as heating and towels. Other amenities include a toaster, housekeeping, luggage storage, and ATM access.
Free Wi-Fi
8.0
Excellent
1672 reviews
Location
0.7 km from city centre
Snorrabraut 61, Reykjavik, Iceland
While you're here, you can enjoy all the comforts of home and more, including a dishwasher and free WiFi, as well as a flat-screen TV and a coffee/tea maker. Other amenities include towels, bathrobes, an electric kettle, and a desk.
Free Wi-Fi
Parking
8.3
Excellent
887 reviews
Location
1.4 km from city centre

Travel insights for budget hotels in Reykjavik

Use these up-to-date, data-driven insights about booking a budget hotel in Reykjavik including ideal times to book, pricing trends, and more.

How much is a budget hotel in Reykjavik tonight?

Users have found prices for budget hotels in Reykjavik tonight starting as low as $269, rising to an average cost of $760, based on searches in the last 72 hours. Prices start from $381 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 $88/night. If you’re specifically looking for a 3-star hotel this weekend, our users have found prices as low as $88/night. For a 4-star budget hotel in Reykjavik, the cheapest rate recently found was $627/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 67 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 311 properties in Reykjavik and data was last updated on 2 July 2025.
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.
Þorsgata 26, Reykjavik, Iceland
0.8 km from city centre
Free Wi-Fi
Parking
$325
Avg. per night
Laugavegur 22A, Reykjavik, Iceland
0.6 km from city centre
Free Wi-Fi
Airport shuttle
$329
Avg. per night
Reykjavik, Iceland
1.6 km from city centre
Air conditioning
$286
Avg. per night
Reykjavik, Iceland
2.4 km from city centre
$299
Avg. per night
Haholt 7, Reykjavik, Iceland
12.1 km from city centre
Free Wi-Fi
Parking
$283
Avg. per night
Soleyjargata 31, Reykjavik, Iceland
1.0 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$285
Avg. per night

Cheapest Budget hotels in Reykjavik

Discover affordable stays in Reykjavik that provide a quality experience without breaking the bank. Hotels in Reykjavik can be found for as low as $81 per night. There is currently one property in Reykjavik that can be booked for this price. Bus Hostel Reykjavik - Reykjavik Terminal is one of the hotels that can be booked for the lowest price in Reykjavik. Price data was last updated on 2 July 2025
Currently, these are the lowest-priced hotels in Reykjavik we've come across for the dates selected. As prices can vary by date, change the dates if you're flexible to compare rates.
Skogarhlid 10, Reykjavik, Iceland
1.8 km from city centre
Free Wi-Fi
Parking
$81
Avg. per night
28 Skúlagata, Reykjavik, Iceland
1.1 km from city centre
Free Wi-Fi
$85
Avg. per night
Laugarnesvegi 74a, Reykjavik, Iceland
2.7 km from city centre
Free Wi-Fi
Parking
$102
Avg. per night
Fákafen 11, Reykjavik, Iceland
4.2 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$103
Avg. per night
Baronsstigur 47, Reykjavik, Iceland
1.1 km from city centre
Free Wi-Fi
Parking
$143
Avg. per night
Brautarholti 4, Reykjavik, Iceland
1.7 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$212
Avg. per night
Eskihlid 3, Reykjavik, Iceland
1.7 km from city centre
Free Wi-Fi
Parking
$231
Avg. per night
Reykjavik, Iceland
1.9 km from city centre
$241
Avg. per night
Hringbraut 29, Reykjavik, Iceland
0.7 km from city centre
Free Wi-Fi
Airport shuttle
$242
Avg. per night
Freyjugata 24, Reykjavik, Iceland
0.8 km from city centre
Free Wi-Fi
Airport shuttle
$242
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 2 July 2025.
Reykjavik, Iceland
0.8 km from city centre
$498
Avg. per night
Borgartuni 32, Reykjavik, Iceland
2.3 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$202
Avg. per night
Armuli 9, Reykjavik, Iceland
3.0 km from city centre
Free Wi-Fi
Parking
$448
Avg. per night
Hverfisgata 60, Reykjavik, Iceland
0.7 km from city centre
Free Wi-Fi
$538
Avg. per night
Vesturgata 17, Reykjavik, Iceland
0.3 km from city centre
Free Wi-Fi
$238
Avg. per night
Skogarhlid 10, Reykjavik, Iceland
1.8 km from city centre
Free Wi-Fi
Parking
$81
Avg. per night
28 Skúlagata, Reykjavik, Iceland
1.1 km from city centre
Free Wi-Fi
$85
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 2 July 2025.
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.

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 2 July 2025.
  • What is the typical nightly rate for a Budget hotels in Reykjavik?

    A good per night rate for a Budget hotels in Reykjavik is $262, which is average for the city. A nightly rate as low as $81 has recently been found by our users. Cheaper rates on a Budget hotels in Reykjavik can usually be found at Bus Hostel Reykjavik - Reykjavik Terminal.

  • How do prices at Budget hotels compare to other hotels in Reykjavik?

    As far as Budget hotels are concerned, the price for this accommodation is actually less than the average nightly rate in Reykjavik. You should expect to pay $262 per night if you are looking to book a Budget hotels in the city of Reykjavik. The city of Reykjavik itself will usually cost around $396/night for a hotel.

Find better results for your stay in Reykjavik