Budget hotels in Reykjavik
Search, compare, and save on Reykjavik Budget hotels from hundreds of travel sites on HotelsCombined.
Reykjavik, Iceland
May 7 — May 82
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Popular Budget hotels in Reykjavik
Discover well-known properties in Reykjavik that are favored by visitors more than others. There are 300 hotels in Reykjavik and price data was last updated on April 30, 2025. The average price for a hotel in Reykjavik is .
These hotels are among the most popular places to stay for users visiting Reykjavik. Try adjusting the dates or room and guest combinations if you're not finding the results you're looking for.
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All filtersReykjavik, 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
822 reviews
Location
1.1 mi from city centre
$103
Reykjavik, Iceland
Located in Reykjavik, this welcoming apartment brings it all within your reach. Laugavegur and Reykjavik City Hall are just a short walk away, so leave your car at the property, which offers onsite parking. The kitchen is equipped with an oven, a stovetop, and a full-sized refrigerator/freezer, as well as a coffee maker and cookware. Enjoy the free WiFi and TV. Bathroom amenities include a hair dryer, towels, and shampoo. And because there's a washer and dryer, you can go a bit lighter on your packing.
8.7
Excellent
46 reviews
Location
1.2 mi from city centre
$116
Álftamýri 7, Reykjavik, Iceland
Hotel with free breakfast, a short 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
1231 reviews
Location
1.6 mi from city centre
$158
Hringbraut 29, Reykjavik, Iceland
Hostel with a coffee shop, near Reykjavik Harbour This smoke-free hostel features a restaurant, a bar/lounge, and a coffee shop/cafe. WiFi in public areas is free. Other amenities include self parking, coffee/tea in a common area, and a garden. Housekeeping is not available. Student Hostel offers 43 accommodations with shared/communal kitchens and blackout drapes/curtains. Guests can surf the web using the complimentary wireless Internet access. Guests can make use of the in-room full-sized refrigerators/freezers and microwaves.
Free Wi-Fi
Airport shuttle
8.6
Excellent
772 reviews
Location
0.4 mi from city centre
$133
Reykjavik, Iceland
Apartment with kitchen, steps from Laugavegur This smoke-free aparthotel features laundry facilities, express check-out, and free WiFi in public areas. Each apartment provides a kitchen with a refrigerator, an oven, a stovetop, and a microwave. For a bit of entertainment, a flat-screen TV comes with cable channels, and guests can also appreciate conveniences like a dining area and a coffee/tea maker. Limited housekeeping is available. Astro Apartments offers 6 accommodations with coffee/tea makers and hair dryers. Each accommodation is individually decorated. Accommodations at this 3.5-star aparthotel have kitchens with full-sized refrigerators/freezers, stovetops, microwaves, and separate dining areas. This Reykjavik aparthotel provides complimentary wireless Internet access. Flat-screen televisions come with cable channels. Housekeeping is provided on a limited basis.
8.3
Excellent
850 reviews
Location
0.7 mi from city centre
$128
Grensásvegur 16a, Reykjavik, Iceland
Hotel with free breakfast, near Laugavegur Along with a bar/lounge, this smoke-free hotel has a snack bar/deli and coffee/tea in a common area. Free continental breakfast, 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. ODDSSON Midtown Hotel offers 77 accommodations with hair dryers and complimentary toiletries. 40-inch Smart televisions come with digital channels. Bathrooms include showers. Guests can surf the web using the complimentary wireless Internet access. Housekeeping is offered daily and hypo-allergenic bedding can be requested.
Free Wi-Fi
Parking
8.4
Excellent
2946 reviews
Location
2.3 mi from city centre
$125
Reykjavik, Iceland
While you're here, you can enjoy all the comforts of home and more, including a refrigerator and a stovetop, as well as a dishwasher and free WiFi. Other amenities include premium bedding, a Select Comfort bed, towels, and an electric kettle.
Air Conditioning
8.7
Excellent
1015 reviews
Location
0.2 mi from city centre
$138
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
873 reviews
Location
0.2 mi from city centre
$105
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
7.6
Good
1979 reviews
Location
0.4 mi from city centre
$109
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, towels, an electric kettle, and kitchenware and utensils.
8.2
Excellent
288 reviews
Location
0.9 mi from city centre
$146
Travel insights for budget hotels in Reykjavik
Use our HotelsCombined data-powered tips to help you find your next budget hotel in Reykjavik.
What is the cheapest day to stay in a budget hotel in Reykjavik?
The cheapest day to stay in Reykjavik is Wednesday ($240). On the other hand, travelers can expect to pay the most on Tuesday, when the average nightly price is $1,093.
How much is a budget hotel in Reykjavik tonight?
Users have found prices for budget hotels in Reykjavik tonight starting as low as $68, rising to an average cost of $237, based on searches in the last 72 hours. Prices start from $130 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 $102/night. If you’re specifically looking for a 3-star hotel this weekend, our users have found prices as low as $102/night. For a 4-star budget hotel in Reykjavik, the cheapest rate recently found was $317/night for this weekend.
How far ahead should you book a hotel in Reykjavik?
Save money by booking a hotel at least 2 days before your trip to Reykjavik. The lowest price found when booking 2 days ahead was $141 per night.
Top-rated Budget hotels in Reykjavik
Browse through properties in Reykjavik that have received the highest ratings from guests. There are currently 300 properties in Reykjavik and data was last updated on April 30, 2025.
These Reykjavik properties are among the highest rated by our users. Be sure to read user reviews to learn why these hotels are among the highest rated.
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$127
Avg. per night
Lindargata 34-36, Reykjavik, Iceland
0.5 mi from city centre
Free Wi-Fi
Airport shuttle
$157
Avg. per night
$154
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$150
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$147
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$137
Avg. per night
Sudurlandsbraut 12, Reykjavik, Iceland
1.9 mi from city centre
Free Wi-Fi
Parking
$145
Avg. per night
$118
Avg. per night
$159
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$118
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$127
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 $33 per night. There is currently one property in Reykjavik that can be booked for this price. Kex Hostel is one of the hotels that can be booked for the lowest price in Reykjavik. Price data was last updated on April 30, 2025
At the moment, these hotels offer the lowest nightly rate out of those we've come across in Reykjavik. If you have the flexibility, change the dates selected to compare prices.
Show all 300 hotels
$33
Avg. per night
$39
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$45
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$57
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$74
Avg. per night
Brautarholti 4, Reykjavik, Iceland
1.1 mi from city centre
Free Wi-Fi
Parking
Airport shuttle
$77
Avg. per night
$97
Avg. per night
Soleyjargata 31, Reykjavik, Iceland
0.6 mi from city centre
Free Wi-Fi
Parking
Airport shuttle
$98
Avg. per night
$99
Avg. per night
$101
Avg. per night
19 Valhúsabraut, Reykjavik, Iceland
1.8 mi from city centre
Free Wi-Fi
Parking
$102
Avg. per night
Other accommodations in Reykjavik
Discover the ideal theme hotel, vacation rental or hostel for your stay in Reykjavik. There are 1,100 properties in Reykjavik and price data was last updated on April 30, 2025.
Show all 1,100 stays
$105
Avg. per night
$190
Avg. per night
$166
Avg. per night
$99
Avg. per night
$116
Avg. per night
$99
Avg. per night
Hlidarvegur 15, Grundarfjordur, Iceland
0.1 mi from city centre
Free Wi-Fi
Parking
$125
Avg. per night
$57
Avg. per night
$39
Avg. per night