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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 255 hotels in Reykjavik and price data was last updated on 20 December 2025. The average price for a hotel in Reykjavik is .
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Northern Comfort Apartments
Northern Comfort Apartments

Northern Comfort Apartments

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
8.9
Excellent
891 reviews
Location
1.8 km from city centre
$200
View Deal
Reykjavík Central Apartments
Reykjavík Central Apartments

Reykjavík Central Apartments

Reykjavik, Iceland
Set in Reykjavík city centre, these apartments have a full kitchen and a TV with DVD player. Wi-Fi is free. Hallgrímskirkja Church and Laugavegur shopping street are easily accessed. A microwave, electric cooker and dishwasher are standard at Reykjavík Apartments. A communal laundry room is also available. Some apartments include a private balcony, while all offer a modern bathroom with shower. Einar Jónsson Sculpture Museum and Sundhöllin Swimming Pool are 10-15 minutes’ walk away. Harpa Concert Hall is also close by, and whale watching tours depart regularly from nearby Reykjavík Harbour.
9.2
Excellent
1188 reviews
Location
1.4 km from city centre
$290
View Deal
Bus Hostel Reykjavik
Bus Hostel Reykjavik

Bus Hostel Reykjavik

Skogarhlid 10, Reykjavik, Iceland
Hostel with free parking, near Perlan A bar/lounge, a snack bar/deli, and concierge services are available at this smoke-free hostel. Free WiFi in public areas and free self parking are also provided. Additionally, laundry facilities, a library, and express check-out are onsite. Bus Hostel Reykjavik offers 22 accommodations. Guests can surf the web using the complimentary wireless Internet access. Guests can make use of the shared/communal kitchen. Bathrooms include showers with rainfall showerheads. Housekeeping is provided daily.
Free Wi-Fi
Parking
8.1
Excellent
3862 reviews
Location
1.8 km from city centre
$122
View Deal
Greenkey Studio H17
Greenkey Studio H17

Greenkey Studio H17

Reykjavik, Iceland
Offering city views, Greenkey Studio H17 is an accommodation located in Reykjavík, 1.5 km from Hallgrímskirkja Church and 2.1 km from The Pearl. Both free WiFi and parking on-site are available at the apartment free of charge. The property is non-smoking and is set 1.3 km from Solfar Sun Voyager. This apartment comes with 1 bedroom, a kitchen with a fridge and a stovetop, a flat-screen TV, a seating area and 1 bathroom. Towels and bed linen are featured in the apartment. For added privacy, the accommodation features a private entrance. Popular points of interest near Greenkey Studio H17 include Laugavegur Shopping Street, Reykjavik Art Museum: Kjarvalsstadir and Harpa Concert Hall & Conference Centre. Reykjavík Domestic Airport is 3 km away.
8.9
Excellent
51 reviews
Location
1.9 km from city centre
$238
View Deal
B14 Hostel
B14 Hostel

B14 Hostel

Fákafen 11, Reykjavik, Iceland
Hostel with a restaurant, near Laugavegur This smoke-free hostel features a restaurant, a microwave in a common area, and a refrigerator in a common area. WiFi in public areas is free. Other amenities include express check-in, express check-out, and a banquet hall. Bathrooms are shared and limited housekeeping is available. B14 Hostel offers 5 air-conditioned accommodations with coffee/tea makers and shared/communal kitchens. Full-sized refrigerators/freezers and microwaves are provided. Guests have access to shared bathrooms. Bathrooms include showers and complimentary toiletries. Guests can surf the web using the complimentary wireless Internet access. Housekeeping is provided on a limited basis.
Free Wi-Fi
Parking
Airport shuttle
8.4
Excellent
569 reviews
Location
4.2 km from city centre
$90
View Deal
Reykjavík Rainbow Guesthouse
Reykjavík Rainbow Guesthouse

Reykjavík Rainbow Guesthouse

Amtmannsstígur 5a, 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 premium bedding, a pillowtop bed, down comforters, and towels.
Free Wi-Fi
8.4
Excellent
448 reviews
Location
0.3 km from city centre
$223
View Deal
Hotel Lotus
Hotel Lotus

Hotel Lotus

Álftamýri 7, Reykjavik, Iceland
Hotel with free breakfast, 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
1386 reviews
Location
2.6 km from city centre
$271
View Deal
Kex Hostel
Kex Hostel

Kex Hostel

28 Skúlagata, Reykjavik, Iceland
Bayside hostel with a 24-hour front desk and a bar A bar/lounge, a microwave in a common area, and a refrigerator in a common area are available at this smoke-free hostel. WiFi in public areas is free. Additionally, concierge services, laundry facilities, and a 24-hour front desk are onsite. KEX Hostel and Hotel Reykjavik offers 43 accommodations with shared/communal kitchens and blackout drapes/curtains. Each accommodation is individually furnished and decorated. This Reykjavik hostel provides complimentary wireless Internet access. Refrigerators and microwaves are provided. Housekeeping is offered daily and hair dryers can be requested.
Free Wi-Fi
8.0
Excellent
3531 reviews
Location
1.1 km from city centre
$151
View Deal
Loft - Hi Eco Hostel
Loft - Hi Eco Hostel

Loft - Hi Eco Hostel

Bankastræti 7, Reykjavik, Iceland
Featuring a lounge, bar and a rooftop terrace with a city view, this eco-hostel is just a few steps away from Laugavegur, Reykjavík's main social hub. Weekly social events hosted on site are free for guests to join. Hallgrímskirkja Church is within 10 minutes’ walk. Free WiFi is offered throughout. At Loft Hostel, guests can choose between guest rooms with a private bathroom or dormitory quarters with shared bathrooms inside the room. Lockers and bed linen are included. The hostel is also certified as a fully accessible building. Staff is happy to give local recommendations for services, restaurants, and attractions Harpa Concert Hall is a 5-minute walk from Loft Hostel. Lækjartorg Bus Station is just 140 metres away. Car rentals can be arranged on site.
Free Wi-Fi
Airport shuttle
8.4
Excellent
2292 reviews
Location
0.3 km from city centre
$210
View Deal
Baldur Apartments
Baldur Apartments

Baldur Apartments

Reykjavik, Iceland
Baldur Apartments features accommodation within less than 1 km of the centre of Reykjavík, with free WiFi, and a kitchen with an oven, a microwave and a fridge. This property is situated a short distance from attractions such as Reykjavik Art Museum: Kjarvalsstadir, Harpa Concert Hall & Conference Centre, and Laugavegur Shopping Street. Nauthólsvík Geothermal Beach is 2.9 km from the apartment and Blue Lagoon is 47 km away. The apartment offers a seating area with a TV and a private bathroom with a hair dryer and shower. There is also a stovetop, kitchenware and a coffee machine. At the apartment complex, each unit includes bed linen and towels. Popular points of interest near the apartment include Hallgrímskirkja Church, Solfar Sun Voyager and The Pearl. Reykjavík Domestic Airport is 1 km from the property.
8.8
Excellent
286 reviews
Location
0.7 km from city centre
$287
View Deal
All 255 hotels in Reykjavik

HotelsCombined’s insights for budget hotels in Reykjavik

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

How much is a budget hotel in Reykjavik tonight?

Users have found prices for budget hotels in Reykjavik tonight starting as low as $215, rising to an average cost of $503, based on searches in the last 72 hours. Prices start from $352 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 $104/night. If you’re specifically looking for a 3-star hotel this weekend, our users have found prices as low as $104/night. For a 4-star budget hotel in Reykjavik, the cheapest rate recently found was $430/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.

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Top-rated Budget hotels in Reykjavik

Browse through properties in Reykjavik that have received the highest ratings from guests. There are currently 255 properties in Reykjavik and data was last updated on 20 December 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.
Guesthouse Galtafell
Guesthouse Galtafell

Guesthouse Galtafell

Laufasvegur 46, Reykjavik, Iceland
0.7 km from city centre
Free Wi-Fi
Parking
$240
Avg. per night
View Deal
Exeter Hotel
Exeter Hotel

Exeter Hotel

Tryggvagata 12, Reykjavik, Iceland
0.3 km from city centre
Free Wi-Fi
$262
Avg. per night
View Deal
Guesthouse Sunna
Guesthouse Sunna

Guesthouse Sunna

Þorsgata 26, Reykjavik, Iceland
0.8 km from city centre
Free Wi-Fi
Parking
$212
Avg. per night
View Deal
Thingholt by Center Hotels
Thingholt by Center Hotels

Thingholt by Center Hotels

Thingholtsstraeti 3-5, Reykjavik, Iceland
0.3 km from city centre
$285
Avg. per night
View Deal
The Swan House by Heimaleiga
The Swan House by Heimaleiga

The Swan House by Heimaleiga

Lindargata 34-36, Reykjavik, Iceland
0.7 km from city centre
Free Wi-Fi
Airport shuttle
$245
Avg. per night
View Deal
City Comfort Apartments
City Comfort Apartments

City Comfort Apartments

Reykjavik, Iceland
1.3 km from city centre
$253
Avg. per night
View Deal
Reykjavik Marina - Berjaya Iceland Hotels
Reykjavik Marina - Berjaya Iceland Hotels

Reykjavik Marina - Berjaya Iceland Hotels

Myrargata 2, Reykjavik, Iceland
0.4 km from city centre
Free Wi-Fi
$242
Avg. per night
View Deal
Hotel Ódinsvé
Hotel Ódinsvé

Hotel Ódinsvé

Odinstorg Thorsgata 1, Reykjavik, Iceland
0.6 km from city centre
Free Wi-Fi
$269
Avg. per night
View Deal
Guesthouse Aurora
Guesthouse Aurora

Guesthouse Aurora

Freyjugata 24, Reykjavik, Iceland
0.8 km from city centre
Free Wi-Fi
Airport shuttle
$155
Avg. per night
View Deal
Hotel Local 101
Hotel Local 101

Hotel Local 101

Ranargata 4a, Reykjavik, Iceland
0.2 km from city centre
Free Wi-Fi
Airport shuttle
$179
Avg. per night
View Deal
Hotel Fron
Hotel Fron

Hotel Fron

Laugavegur 22A, Reykjavik, Iceland
0.6 km from city centre
Free Wi-Fi
Airport shuttle
$226
Avg. per night
View Deal
Alba Guesthouse
Alba Guesthouse

Alba Guesthouse

Eskihlid 3, Reykjavik, Iceland
1.7 km from city centre
Free Wi-Fi
Parking
$148
Avg. per night
View Deal
Hlemmur Suites
Hlemmur Suites

Hlemmur Suites

Laugavegur 105, Reykjavik, Iceland
1.4 km from city centre
Free Wi-Fi
$232
Avg. per night
View Deal
Reykjavik Lights Hotel by Keahotels
Reykjavik Lights Hotel by Keahotels

Reykjavik Lights Hotel by Keahotels

Sudurlandsbraut 12, Reykjavik, Iceland
3.0 km from city centre
Free Wi-Fi
Parking
$290
Avg. per night
View Deal
Hotel Muli
Hotel Muli

Hotel Muli

Hallarmúli 1, Reykjavik, Iceland
2.8 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$217
Avg. per night
View Deal

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 20 December 2025.
Dalur - Hi Eco Hostel
Dalur - Hi Eco Hostel

Dalur - Hi Eco Hostel

Sundlaugavegur 34, Reykjavik, Iceland
3.2 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$158
Avg. per night
View Deal
Reykjavik Downtown Hostel
Reykjavik Downtown Hostel

Reykjavik Downtown Hostel

Vesturgata 17, Reykjavik, Iceland
0.3 km from city centre
Free Wi-Fi
$247
Avg. per night
View Deal
Bus Hostel Reykjavik
Bus Hostel Reykjavik

Bus Hostel Reykjavik

Skogarhlid 10, Reykjavik, Iceland
1.8 km from city centre
Free Wi-Fi
Parking
$122
Avg. per night
View Deal
Hotel Cabin
Hotel Cabin

Hotel Cabin

Borgartuni 32, Reykjavik, Iceland
2.3 km from city centre
Free Wi-Fi
Parking
Airport shuttle
$161
Avg. per night
View Deal
Storm Hotel by Keahotels
Storm Hotel by Keahotels

Storm Hotel by Keahotels

Thorunnartun 4, Reykjavik, Iceland
1.5 km from city centre
Free Wi-Fi
$300
Avg. per night
View Deal
Reykjavik Residence Apartment Hotel
Reykjavik Residence Apartment Hotel

Reykjavik Residence Apartment Hotel

Vatnsstígur 2, Reykjavik, Iceland
0.7 km from city centre
Free Wi-Fi
$309
Avg. per night
View Deal
Vintage Apartment Hotel
Vintage Apartment Hotel

Vintage Apartment Hotel

Reykjavik, Iceland
0.8 km from city centre
$251
Avg. per night
View Deal

Explore Reykjavik

Explore different neighbourhoods and areas within Reykjavik to find the perfect location for your stay. Map data was last updated on 20 December 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.

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 20 December 2025.

  • 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 ($393/night) or Thingholt by Center Hotels ($285/night), which are both 4-star budget hotels.

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

    There are 255 Reykjavik budget hotels available out of a total 886 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 Fron, and Hotel Ódinsvé. With a rating of 9.0/10, Hotel Ódinsvé is the highest-rated hotel.

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