Cheap Hotels & Resorts in Reykjavik from NZ$295

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Best Reykjavik Cheap Hotels

Hotel Von
Restaurant

Hotel Von

3.5 star property
9.4 out of 10, Exceptional, (968)
"Great location on the main high street, that has plenty of fantastic restaurants "
The price is NZ$303
includes taxes & fees
7 Jan - 8 Jan 2025
Hotel Von
Grandi by Center Hotels
Sauna, hot tub, 3 treatment rooms, massages

Grandi by Center Hotels

4.0 star property
9.4 out of 10, Exceptional, (922)
"We had such a nice stay here in December and I was so grateful to have chosen this hotel. The customer service was great. The staff was so helpful and friendly from start to finish. The cleaning staff was very kind, the front desk personnel was so helpful and professional, the restaurant staff was great, even the bartender was amazing and helpful. We felt very welcomed and well taken care of. The breakfast buffet had lots of options. There are lockers for luggage in case you need to store...
The price is NZ$357
includes taxes & fees
7 Jan - 8 Jan 2025
Grandi by Center Hotels
Fosshotel Barón
Lobby sitting area

Fosshotel Barón

3.0 star property
8.6 out of 10, Excellent, (1003)
"Friendly desk staff and great location"
The price is NZ$295
includes taxes & fees
6 Jan - 7 Jan 2025
Fosshotel Barón
Exeter Hotel
Property entrance

Exeter Hotel

4.0 star property
9.4 out of 10, Exceptional, (1005)
"Staff could not have been nicer. Rooms were super clean. Beds were so comfortable. Restaurant in the hotel has amazing food. Location is perfect. Would highly recommend. "
The price is NZ$377
includes taxes & fees
22 Jan - 23 Jan 2025
Exeter Hotel
Alda Hotel Reykjavik
Interior detail

Alda Hotel Reykjavik

4.0 star property
9.4 out of 10, Exceptional, (1007)
"Modern hotel in the heart of it all in Reykjavík. Pleasant, accommodating staff. Would recommend, would return."
The price is NZ$360
includes taxes & fees
7 Jan - 8 Jan 2025
Alda Hotel Reykjavik
Hotel Reykjavík Grand
View from room

Hotel Reykjavík Grand

4.0 star property
9.0 out of 10, Wonderful, (1009)
"Love hotel halfway between the airport and downtown. The room itself was super comfy (with a lovely bathtub!) and the concierge was very helpful. The breakfast was your typical nice hotel breakfast (eggs, bacon, cold cuts, etc), plus a sampling of exotic meats (e.g. smoked whale). It’s about a half hour walk to downtown if you take the shopping street (just down the road and up to the nearest light and to the right), or maybe 40 min if you take the shore and sculpture walk (which has gorgeous...
The price is NZ$297
includes taxes & fees
8 Jan - 9 Jan 2025
Hotel Reykjavík Grand
Miðgarður by Center Hotels
Couples treatment room(s)

Miðgarður by Center Hotels

4.0 star property
9.4 out of 10, Exceptional, (1056)
"Was ok, not special and rooms were like hostel dorm rooms. Hot water wasn’t really working on first night. Good for short trips and when you are just using it to sleep. Safe was also open one day after locking it (we’re very careful with this) but weirdly nothing was taken and reception said they would look into it. Still not too bad "
The price is NZ$380
includes taxes & fees
3 Jan - 4 Jan 2025
Miðgarður by Center Hotels
Center Hotels Arnarhvoll
Terrace/patio

Center Hotels Arnarhvoll

4.0 star property
8.8 out of 10, Excellent, (1007)
"Close to the city center"
The price is NZ$407
includes taxes & fees
5 Jan - 6 Jan 2025
Center Hotels Arnarhvoll
The Reykjavik EDITION
Room, 1 King Bed, Terrace, City View

The Reykjavik EDITION

5.0 star property
9.4 out of 10, Exceptional, (358)
"Amazing Hotel"
The price is NZ$757
includes taxes & fees
22 Jan - 23 Jan 2025
The Reykjavik EDITION
Hotel Reykjavik Centrum
Lobby sitting area

Hotel Reykjavik Centrum

4.0 star property
9.4 out of 10, Exceptional, (1002)
"Great service and location."
The price is NZ$348
includes taxes & fees
12 Jan - 13 Jan 2025
Hotel Reykjavik Centrum
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Frequently asked questions

What is Reykjavik like for travellers on a budget?
Reykjavik offers cheap accommodation options and a range of things to see and do, making it a great holiday choice for budget-conscious travellers. In addition to its well-known attractions such as Reykjavik Harbour, this destination is home to Reykjavik Pond and Oskjuhlid Hill, which you can enjoy while spending very little.
What's the best place to stay on a budget in Reykjavik?
Based on reviews, Hotel Von is a popular hotel for our travellers who want a more economical choice, and features free WiFi and a bar. Other good options for your budget-friendly stay include Hostel B47 and Kex Hostel Reykjavík.
How many cheap hotels should I expect to find in Reykjavik?
Expedia has 15 hotels in Reykjavik that are ideal if you are watching your pennies.
When is the best time for a budget trip to Reykjavik?
Weather is probably a major factor when you plan your trip to Reykjavik, but bear in mind that cheaper options are usually available when the weather isn’t as good. The hottest months are usually July and August, with an average temperature of 10°C, while the coldest months are December and January, with an average of 0°C. Average annual precipitation for Reykjavik is 1281 mm.
What is there to see and do in Reykjavik?
Reykjavik attracts visitors with its top museums and abundant cafes, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions that interest you most, such as Reykjavik Harbour, and then look for sights and activities that cost little or nothing at all. If you’re looking to enjoy the area’s natural beauty, you can get outdoors at Reykjavik Pond, Oskjuhlid Hill or Nautholsvik Geothermal Beach.
How can I get to Reykjavik and get around on a budget?
Scoping out the transportation options in Reykjavik is a smart way to keep your trip affordable. The nearest airport is 1.2 mi (2 km) from the centre in Reykjavik (RKV-Reykjavik Domestic). However, if that doesn’t suit your budget, you can look into flights to Keflavik International Airport (KEF), which is 23.2 mi (37.3 km) away. Reykjavik might not have many public transport choices so renting a car could be a reasonable alternative to see more of the area.