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Hotels in Reykjavik

Cheap Reykjavik Budget Hotels

Find deals on 301 budget hotels in Reykjavik

Reykjavik, Iceland
Aug 31 — Sep 12

momondo compares 3M+ hotel and accommodation options.

Top budget hotels in Reykjavik

Find the perfect budget hotel for your stay in Reykjavik
Price
$45
$195
Review Score
0+
6+
7+
8+
9+
Hotel class
0+
2
3
4
5

How much does a budget hotel in Reykjavik cost per night?

Use the information below to find quality Reykjavik budget hotel rooms for low prices
2 stars and under
Reykjavík Rainbow Guesthouse Photo
#1 Most popular

Reykjavík Rainbow Guesthouse

Amtmannsstígur 5a, Reykjavik, Iceland

8.1
Student Hostel Photo
#2 Most popular

Student Hostel

Hringbraut 29, Reykjavik, Iceland

8.4
Kex Hostel Photo
Best value

Kex Hostel

28 Skúlagata, Reykjavik, Iceland

7.9
3 stars
Cityhub Reykjavik Photo
#1 Most popular

Cityhub Reykjavik

46 Hverfisgata, Reykjavik, Iceland

8.9
Bus Hostel Reykjavik Photo
#2 Most popular

Bus Hostel Reykjavik

Skogarhlid 10, Reykjavik, Iceland

8.1
Best value

Eric The Red Guesthouse

Eiríksgata 6, Reykjavik, Iceland

8.9
4 stars +
Alda Hotel Reykjavik Photo
#1 Most popular

Alda Hotel Reykjavik

Laugavegur 66-68, Reykjavik, Iceland

8.7
Center Hotels Laugavegur Photo
#2 Most popular

Center Hotels Laugavegur

95-99 Laugavegur, Reykjavik, Iceland

8.6
Hotel Ódinsvé Photo
Best value

Hotel Ódinsvé

Odinstorg Thorsgata 1, Reykjavik, Iceland

8.4

Best prices found by momondo users in the past 24 hours.

momondo's favorite budget hotels in Reykjavik

Learn more about these user-preferred hotels in Reykjavik
Hotel Orkin Photo

Hotel Orkin

Brautarholti 29, Reykjavik, Iceland

8.1
$189
Guesthouse Galtafell Photo

Guesthouse Galtafell

Laufasvegur 46, Reykjavik, Iceland

8.4
$176
Gerður Apartments Photo

Gerður Apartments

Reykjavik, Iceland

8.6
$185
Hostel B47 Photo

Hostel B47

Baronsstigur 47, Reykjavik, Iceland

8.1
$70

Charming and Renovated Apartment in Reykjavík City Centre

Reykjavik, Iceland

8.8
$142

Adorable Tiny House in Reykjavik

Reykjavik, Iceland

8.7
$183

Ubak Guesthouse

Urðarbakki 30, Reykjavík, Iceland, Reykjavik, Iceland

8.3
$102

Angelica Guesthouse

Reykjavik, Iceland

7.6
$128

Central Stylish Rooms in Reykjavik

Reykjavik, Iceland

8.4
$114

Overlooking the city, bright & cozy - Free Parking (A2)

Reykjavik, Iceland

9.1
$178

Camper Van 2018 Fiat capron A72 model

Reykjavik, Iceland

10.0
$192

Next Apartment Bergstadastræti

Reykjavik, Iceland

9.1
$192

Ecological seaside apartament

Reykjavik, Iceland

9.5
$106

Ocean view single bedroom

Reykjavik, Iceland

8.8
$103

Beautiful flat in downtown Reykjavík with a veiw

Reykjavik, Iceland

9.9
$196

City view, bright & cozy - Free parking (A4)

Reykjavik, Iceland

8.8
$176

Cosy one bedroom apartment in Reykjavík

Reykjavik, Iceland

9.6
$151

Úlfarsfellsvegur 20, 113 Rvk Birkihlid

Reykjavik, Iceland

9.2
$111

Apartments Reykjavik

Reykjavik, Iceland

8.8
$128

Guesthouse Pavi

Brautarholti 4, Reykjavik, Iceland

7.9
$100

momondo's insights for budget hotels in Reykjavik

Get a quick overview on price and accommodation trends for your visit in Reykjavik

Lowest Hotel Price

$45

Hotels Near Airport

169

Average Length of Stay

3 days
The cheapest price for a budget hotel room in Reykjavik found in the last 7 days is $45/night. This rate is available with Kex Hostel, a 2-star hotel.
There are 169 hotels in Reykjavik close to Reykjavik Keflavik Intl. Bank Guesthouse is the nearest with a distance of 1.1 mi from this airport.
On average, people stay for 3 days when lodging at hotels in Reykjavik. The average accommodation price for 3 days in Reykjavik in the past week is $1,186.

When to book a budget hotel in Reykjavik

Check out the information below to find the best deal on a budget hotel room in Reykjavik

How much should you expect to pay for a budget hotel in Reykjavik?

The average cost of a budget hotel in Reykjavik is around $360 per night. However, prices can fluctuate depending on the time of year, hotel rating, and how far in advance you book. The lowest price found on momondo in the past 7 days was $235.

FAQs when booking Reykjavik budget hotel

Read these important travel tips before booking a hotel in Reykjavik

Is it possible to book 5 star budget hotels in Reykjavik?

Currently there are no 5-star budget hotels in Reykjavik. But check out Reykjavik Marina - Berjaya Iceland Hotels for a highly rated 4-star budget hotel.

What’s the total number of Reykjavik budget hotels?

Right now you can choose to book from 301 budget hotels on momondo.

What are the most popular budget hotels in Reykjavik?

Among momondo users, the most popular budget hotels in Reykjavik are R13 - A Townhouse Hotel, Bus Hostel Reykjavik and Stay Apartments Einholt.

How many operators does momondo search for hotels in Reykjavik?

The number of operators available for hotels in Reykjavik is 1,141 as of August 2025.

When did momondo last update prices for hotels in Reykjavik?

Prices for hotels in Reykjavik were last updated today.

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