Is it cheaper to stay in a hostel than in a hotel in Reykjavik?

The average price for a night in a hostel in Reykjavik is £88 compared to £301 for a night in a hotel.

Hostels in Reykjavik from £42/night

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Best Reykjavik hostels

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Miðborg

8.4Very Good(2235)

Free Wi-Fi

Air conditioning

Miðborg

Free Wi-Fi

Hlíðar

Parking

Free Wi-Fi

Air conditioning

£94+

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Reykjavik Hostel Village

Hlíðar

7.0Good(1865)

Parking

Free Wi-Fi

£130+

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Dalur - Hi Eco Hostel

Laugardalur

8.0Very Good(2469)

Parking

Free Wi-Fi

£137+

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Reykjavik Downtown Hostel

Vesturbær

Free Wi-Fi

Laugardalur

Parking

Free Wi-Fi

£241+

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Refurinn Reykjavik Guesthouse

Vesturbær

8.6Very Good(994)

Parking

Free Wi-Fi

Laugardalur

Parking

Free Wi-Fi

Air conditioning

£42+

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Hostel Fjordur

Hafnarfjordur, Iceland

8.7Very Good(90)

Parking

Free Wi-Fi

£118+

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Start Keflavík Airport

Keflavik, Iceland

8.5Very Good(3858)

Parking

Free Wi-Fi

£118+

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Lava Hostel

Hafnarfjordur, Iceland

7.5Good(100)

Parking

Free Wi-Fi

Hlíðar

Parking

Free Wi-Fi

Air conditioning

£85+

Check availability

Sport Hostel Reykjavík

Laugardalur

7.1Good(437)

Free Wi-Fi

Air conditioning

Miðborg

Free Wi-Fi

Haukadalur, Iceland

Parking

Free Wi-Fi

Miðborg

Miðborg

Miðborg

Miðborg

Booking Insights

KAYAK’s insights for hostels 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 hostel rates in Reykjavik?

Hostels are cheapest in Reykjavik in January, with average rates of £17. In comparison, August is the most expensive month, with prices at £73.

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

Thursday offers the lowest rates in Reykjavik, with an average nightly price of £27. The highest prices are found on Tuesday, with average rates at £97.

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

The most popular neighbourhood in Reykjavik among KAYAK users to search for a hostel is Miðborg, with an average price of £49. Exeter Hotel, Center Hotels Laugavegur, and Skuggi Hotel by Keahotels rank among the highest-rated hotels in Miðborg.

How early should you book a hostel in Reykjavik?

Book at least 87 days before your stay begins to get the best price for your Reykjavik hostel.

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3 stars

2 stars and below

Low season	High season	Average price (weeknight)	Average price (weekend night)
January	August	£70	£65
Cheapest month to stay with an average 53% drop in price.	Most expensive month to stay with an average 103% rise in price.	Average Sun - Thu price over the last 2 weeks.	Average Fri & Sat price over the last 2 weeks.

If you’re looking for a cheap hostel in Reykjavik, you should consider going during the low season. You’ll generally find lower-priced hostels in Reykjavik in January and July.
Hostel room prices vary depending on many factors but you’ll likely find the best hostel deals in Reykjavik if you stay on a Thursday. The most expensive day for hostel bookings is Tuesday.
If you want to ensure you grab a bargain, try to book at least 87 days before your stay to get the best price for a Reykjavik hostel.
The cheapest 3-star hostel in Reykjavik found on KAYAK in the last 2 weeks was £34, while the most expensive was £73.

Is it cheaper to stay in a hostel than in a hotel in Reykjavik?
The average price for a night in a hostel in Reykjavik is £88 compared to £301 for a night in a hotel.

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KAYAK’s insights for hostels 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 hostel rates in Reykjavik?

Hostels are cheapest in Reykjavik in January, with average rates of £17. In comparison, August is the most expensive month, with prices at £73.

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

Thursday offers the lowest rates in Reykjavik, with an average nightly price of £27. The highest prices are found on Tuesday, with average rates at £97.

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

The most popular neighbourhood in Reykjavik among KAYAK users to search for a hostel is Miðborg, with an average price of £49. Exeter Hotel, Center Hotels Laugavegur, and Skuggi Hotel by Keahotels rank among the highest-rated hotels in Miðborg.

How early should you book a hostel in Reykjavik?

Book at least 87 days before your stay begins to get the best price for your Reykjavik hostel.

How much is a Reykjavik hostel?

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Average price (weekend night)

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Is it cheaper to stay in a hostel than in a hotel in Reykjavik?

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