Reykjavik Budget hotels

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Best Reykjavik budget hotels

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£43 - £303£303 - £563£563 - £823£823 - £1,083£1,083+ per night

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Free cancellationFree breakfastFree parkingFree internet

Most recommended Reykjavik budget hotels

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Nordic Hostel - Reykjavik
Nordic Hostel
Miðborg
9.3Wonderful(401)
Free Wi-Fi
£102+
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Cityhub Reykjavik - Reykjavik - Lounge
Cityhub Reykjavik
Miðborg
8.9Very Good(325)
Free Wi-Fi
Air conditioning
£112+
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Apartments Reykjavik - Reykjavik
Apartments Reykjavik
Vesturbær
8.8Very Good(725)
Parking
Free Wi-Fi
£116+
Check availability
Hotel Local 101 - Reykjavik - Restaurant
Hotel Local 101
Vesturbær
8.9Very Good(2394)
Free Wi-Fi
Pet-friendly
£158+
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Eric The Red Guesthouse - Reykjavik
Eric The Red Guesthouse
Miðborg
8.9Very Good(3193)
Parking
Free Wi-Fi
Pet-friendly
Air conditioning
£185+
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Reykjavik Lights Hotel by Keahotels - Reykjavik - Bedroom
Reykjavik Lights Hotel by Keahotels
Háaleiti og Bústaðir
8.7Very Good(1550)
Parking
Free Wi-Fi
£187+
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Hotel Lotus - Reykjavik - Bedroom
Hotel Lotus
Háaleiti og Bústaðir
8.9Very Good(1301)
Parking
Free Wi-Fi
£215+
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Exeter Hotel - Reykjavik - Patio
Exeter Hotel
Miðborg
8.7Very Good(2526)
Free Wi-Fi
£225+
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Vintage Apartment Hotel - Reykjavik - Kitchen
Vintage Apartment Hotel
Miðborg
8.8Very Good(2120)
Free Wi-Fi
£225+
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Center Hotels Laugavegur - Reykjavik - Living room
Center Hotels Laugavegur
Miðborg
8.6Very Good(1938)
Free Wi-Fi
£226+
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Alda Hotel Reykjavik - Reykjavik - Bar
Alda Hotel Reykjavik
Miðborg
8.7Very Good(1601)
Free Wi-Fi
£229+
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Canopy by Hilton Reykjavik City Centre - Reykjavik - Lounge
Canopy by Hilton Reykjavik City Centre
Miðborg
8.8Very Good(958)
Free Wi-Fi
£303+
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Iceland Parliament Hotel, Curio Collection By Hilton - Reykjavik - Lounge
Iceland Parliament Hotel, Curio Collection By Hilton
Miðborg
9.2Wonderful(255)
Free Wi-Fi
Air conditioning
£311+
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Hotel Reykjavik Saga - Reykjavik - Bedroom
Hotel Reykjavik Saga
Miðborg
9.1Wonderful(353)
Free Wi-Fi
£321+
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Reykjavik Konsulat Hotel, Curio Collection by Hilton - Reykjavik - Lounge
Reykjavik Konsulat Hotel, Curio Collection by Hilton
Miðborg
9.1Wonderful(521)
Free Wi-Fi
£334+
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.

Which month has the cheapest rates for budget hotels?

Budget hotels in Reykjavik are cheapest in May, with an average rate of £46. On the other hand, they are at their most expensive in February, where the average price is £429.

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 £144. Exeter Hotel, Reykjavik Residence Apartment Hotel, and Hostel B47 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 £127, while a 4-star budget hotel the lowest price was £179. The cheapest room found overall was for £127.

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 £84 per night. For the same dates, 3-star budget hotel rooms have been found for as low as £84 per night and 4-star budget hotel rooms from £123 per night.

How early should you book a budget hotel in Reykjavik?

Book at least 15 days 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

May
February
£243
£306
£43
Cheapest month to stay with an average 72% drop in price.
Most expensive month to stay with an average 155% 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 May and March.
  • Budget room prices can vary depending on different factors. However, generally, rooms cost less on a Wednesday. The most expensive night for a stay is Friday.
  • The cheapest budget hotel room in Reykjavik found on KAYAK in the last 2 weeks was £304. The most expensive cost £408.

FAQs about Reykjavik budget hotels

  • How many budget hotels are there in Reykjavik?

    Currently, there are around 275 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 Grettir Guesthouse, Bus Hostel Reykjavik and Alda Hotel Reykjavik.

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

    Currently, there are no 5-star budget hotels in Reykjavik. However, Reykjavik Marina - Berjaya Iceland Hotels 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

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