Can you book a 5-star budget hotels in Reykjavik?

Unfortunately there are no 5-star budget hotels in Reykjavik. But check out 3 ( Exeter Hotel /night) or $163 ( Canopy by Hilton Reykjavik City Centre /night) which are both 4-star budget hotels.

How many budget hotels are there in total in Reykjavik?

There are 230 Reykjavik budget hotels available out of a total 947 hotels that you can book on HotelsCombined.

Which are the most popular Reykjavik budget hotels?

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

Budget Hotels in Reykjavik: Find Hotels from $133

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Hotel Local 101

Ranargata 4a, Reykjavik, Iceland

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.

Free Wi-Fi

Airport shuttle

9.0

Excellent

2946 reviews

Location

0.2 mi from city centre

$133

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Storm Hotel by Keahotels

Thorunnartun 4, Reykjavik, Iceland

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.

Free Wi-Fi

8.7

Excellent

2160 reviews

Location

0.9 mi from city centre

$170

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Reykjavik Consulate Hotel, Curio Collection by Hilton

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.

Free Wi-Fi

9.0

Excellent

563 reviews

Location

0.1 mi from city centre

$289

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Hotel Ísland - Spa & Wellness Hotel

Armuli 9, Reykjavik, Iceland

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.

Free Wi-Fi

Parking

8.1

Excellent

2207 reviews

Location

1.8 mi from city centre

$129

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Reykjavik Marina - Berjaya Iceland Hotels

Myrargata 2, Reykjavik, Iceland

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.

Free Wi-Fi

8.5

Excellent

3864 reviews

Location

0.3 mi from city centre

$121

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Alda Hotel Reykjavik

Laugavegur 66-68, Reykjavik, Iceland

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.

Free Wi-Fi

8.8

Excellent

1742 reviews

Location

0.6 mi from city centre

$178

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Þingholt by Center Hotels

Thingholtsstraeti 3-5, Reykjavik, Iceland

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.

Free Wi-Fi

8.5

Excellent

1815 reviews

Location

0.2 mi from city centre

$168

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Hotel Laxnes

Haholt 7, Reykjavik, Iceland

Guests at this beach hotel will appreciate convenient onsite amenities such as barbecue grills and a picnic area.

Free Wi-Fi

Parking

8.2

Excellent

1450 reviews

Location

7.5 mi from city centre

$118

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Hotel Orkin

Brautarholti 29, Reykjavik, Iceland

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.

Free Wi-Fi

Parking

Airport shuttle

8.1

Excellent

3357 reviews

Location

1.3 mi from city centre

$157

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Hotel Lotus

Álftamýri 7, Reykjavik, Iceland

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.

Free Wi-Fi

Parking

9.1

Excellent

1503 reviews

Location

1.6 mi from city centre

$159

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All 230 hotels in Reykjavik

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Discover well-known properties in Reykjavik that are favored by visitors more than others. There are 230 hotels in Reykjavik and price data was last updated on October 5, 2026. The average price for a hotel in Reykjavik is $262/night.

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HotelsCombined's insights for budget hotels in Reykjavik

How much does it usually cost to stay at a budget hotel in Reykjavik?

On average, a budget hotel room in Reykjavik costs about $365 per night. Rates can vary based on factors like seasonality, hotel star rating, and booking timing. The lowest price found on HotelsCombined in the last 7 days was $154.

Which month has the lowest rates for budget hotels in Reykjavik?

August is the cheapest month to book a budget hotel in Reykjavik, with average nightly rates around $133. Prices are highest in July, when rates rise to about $432 per night.

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

Budget hotels in Reykjavik are most affordable on Fridays, with average nightly rates around $167. Saturdays are usually the most expensive, averaging $514 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 $101, rising to an average cost of $410, based on searches in the last 72 hours. Prices start from $164 for a 4-star budget hotel in Reykjavik for tonight.

How much is a Reykjavik budget hotel room 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 78 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 230 properties in Reykjavik and data was last updated on October 5, 2026.

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.

Other accommodations in Reykjavik

Discover the ideal theme hotel, vacation rental or hostel for your stay in Reykjavik. There are 947 properties in Reykjavik and price data was last updated on October 5, 2026.

Explore Reykjavik

Explore different neighborhoods and areas within Reykjavik to find the perfect location for your stay. Map data was last updated on October 5, 2026.

Scroll to and zoom in on the areas in Reykjavik you plan on visiting to find nearby properties. Users can click on a hotel's name to find more information about it, such as price, reviews, and amenities, and also find different deals for the property.

Reykjavik Budget hotels - FAQs

Can you book a 5-star budget hotels in Reykjavik?

How many budget hotels are there in total in Reykjavik?

Which are the most popular Reykjavik budget hotels?

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