Reykjavik Budget hotels

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Recommended by KAYAK

Best Reykjavik budget hotels

These are the best prices for 14-21 May.
Cityhub Reykjavik - Reykjavik - Lounge
Cityhub Reykjavik
Miðborg
9.1Wonderful(677)
Free Wi-Fi
Air conditioning
£104+
Check availability
Reykjavik Marina - Berjaya Iceland Hotels - Reykjavik - Lounge
Reykjavik Marina - Berjaya Iceland Hotels
Vesturbær
8.6Very Good(3763)
Free Wi-Fi
Air conditioning
£221+
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Kex Hostel - Reykjavik - Lounge
Kex Hostel
Miðborg
8.2Very Good(3731)
Free Wi-Fi
£128+
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Hótel Múli - Reykjavik - Lobby
Hótel Múli
Háaleiti og Bústaðir
8.6Very Good(3788)
Parking
Free Wi-Fi
£190+
Check availability
Hotel Island - Reykjavik - Balcony
Hotel Island
Háaleiti og Bústaðir
8.2Very Good(2162)
Parking
Free Wi-Fi
Air conditioning
£179+
Check availability
Stay Apartments Bolholt - Reykjavik - Bedroom
Stay Apartments Bolholt
Hlíðar
8.6Very Good(2715)
Apartment
Parking
Free Wi-Fi
£146+
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Exeter Hotel - Reykjavik - Bar
Exeter Hotel
Miðborg
8.9Very Good(2776)
Free Wi-Fi
£246+
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Bus Hostel Reykjavik - Reykjavik - Living room
Bus Hostel Reykjavik
Hlíðar
8.0Very Good(4295)
Parking
Free Wi-Fi
Air conditioning
£94+
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Alda Hotel Reykjavik - Reykjavik - Bedroom
Alda Hotel Reykjavik
Miðborg
8.8Very Good(1727)
Free Wi-Fi
£269+
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Hostel B47 - Reykjavik - Bedroom
Hostel B47
Miðborg
8.1Very Good(4436)
Parking
Free Wi-Fi
£138+
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Hlemmur Suites - Reykjavik - Building
Hlemmur Suites
Hlíðar
8.9Very Good(3426)
Free Wi-Fi
£176+
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Storm Hotel by Keahotels - Reykjavik - Bedroom
Storm Hotel by Keahotels
Laugardalur
8.7Very Good(2125)
Free Wi-Fi
£238+
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Center Hotels Laugavegur - Reykjavik - Living room
Center Hotels Laugavegur
Miðborg
8.7Very Good(2455)
Free Wi-Fi
£219+
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Igdlo Guesthouse - Reykjavik - Kitchen
Igdlo Guesthouse
Hlíðar
8.1Very Good(3250)
Parking
Free Wi-Fi
Pet-friendly
£113+
Check availability
Hotel Fron - Reykjavik - Bar
Hotel Fron
Miðborg
8.4Very Good(4030)
Free Wi-Fi
£145+
Check availability
Booking Insights

KAYAK’s insights for budget hotels in Reykjavik

Discover seasonal trends, ideal booking windows, and other data-driven tips to plan your stay in Reykjavik with confidence.

What is the cheapest day of the week to book a budget hotel in Reykjavik?

The lowest prices can usually be found on Monday, where the average nightly price is £105. The most expensive night is generally Sunday, where the average price is £224.

Which neighbourhood do KAYAK users most love to book their budget hotel in Reykjavik?

The most popular neighbourhood in Reykjavik among KAYAK users to search for a budget hotel is Miðborg, with an average price of £152. Center Hotels Plaza, Reykjavik Natura - Berjaya Iceland Hotels, and Skuggi Hotel by Keahotels rank among the highest-rated hotels in Miðborg.

How much is a budget hotel in Reykjavik for tonight?

The best deal for a 3-star budget hotel room in Reykjavik found by KAYAK users in the last 3 days was £60, while a 4-star budget hotel the lowest price was £133. The cheapest room found overall was for £60.

How much is a budget hotel in Reykjavik for this weekend?

The cheapest budget hotel room in Reykjavik for the upcoming weekend found on KAYAK in the last 3 days was for £206 per night. For the same dates, 3-star budget hotel rooms have been found for as low as £206 per night and 4-star budget hotel rooms from £238 per night.

How early should you book a budget hotel in Reykjavik?

Book at least 1 day before your stay begins to get the best price for your Reykjavik budget hotel.

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Good to know

Low season

High season

Average price (weeknight)

Average price (weekend night)

Lowest hotel price

February
September
£134
£122
£38
Cheapest month to stay with an average 80% drop in price.
Most expensive month to stay with an average 43% rise in price.
Average Sun - Thu price over the last 2 weeks.
Average Fri & Sat price over the last 2 weeks.
The cheapest budget hotel room rate in the last 7 days

KAYAK's top tips for finding Reykjavik budget hotel deals

  • Prices for budget hotels in Reykjavik are cheaper in the low season, which is in February and June.
  • Budget room prices can vary depending on different factors. However, generally, rooms cost less on a Monday. The most expensive night for a stay is Sunday.
  • The cheapest budget hotel room in Reykjavik found on KAYAK in the last 2 weeks was £148. The most expensive cost £148.

FAQs about Reykjavik budget hotels

  • How many budget hotels are there in Reykjavik?

    Currently, there are around 267 budget hotels on KAYAK available for you to book.

  • What are the most popular budget hotels in Reykjavik?

    The most popular budget hotels among KAYAK users in the last 3 months are Bus Hostel Reykjavik, Hostel B47, and Kex Hostel.

  • Are there any 5-star budget hotels in Reykjavik?

    Currently, there are no 5-star budget hotels in Reykjavik. However, Exeter Hotel is a highly rated 4-star budget hotel.

Where to stay in a budget hotel in Reykjavik?

Our map will help you find the perfect place to stay in Reykjavik by showing you the exact location of each hotel.

Everything you need to know for your stay in Reykjavik