Reykjavik Budget hotels

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Best Reykjavik budget hotels

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6+ Okay7+ Good8+ Great9+ Excellent

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C$ 62 - C$ 563C$ 563 - C$ 1,064C$ 1,064 - C$ 1,565C$ 1,565 - C$ 2,066C$ 2,066+ per night

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Most recommended Reykjavik budget hotels

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Nordic Hostel - Reykjavik
Nordic Hostel
Miðborg
9.3Wonderful(386)
Free Wi-Fi
C$ 144+
Check availability
Cityhub Reykjavik - Reykjavik - Lounge
Cityhub Reykjavik
Miðborg
8.9Very good(285)
Free Wi-Fi
C$ 204+
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Apartments Reykjavik - Reykjavik
Apartments Reykjavik
Vesturbær
8.8Very good(703)
Parking
Free Wi-Fi
C$ 256+
Check availability
Hotel Local 101 - Reykjavik - Restaurant
Hotel Local 101
Vesturbær
8.9Very good(2379)
Free Wi-Fi
Pet friendly
C$ 302+
Check availability
Eric The Red Guesthouse - Reykjavik
Eric The Red Guesthouse
Miðborg
8.9Very good(3165)
Parking
Free Wi-Fi
Pet friendly
C$ 386+
Check availability
Reykjavik Lights Hotel by Keahotels - Reykjavik - Bedroom
Reykjavik Lights Hotel by Keahotels
Háaleiti og Bústaðir
8.7Very good(1524)
Parking
Free Wi-Fi
C$ 386+
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Hotel Lotus - Reykjavik - Bedroom
Hotel Lotus
Háaleiti og Bústaðir
8.9Very good(1294)
Parking
Free Wi-Fi
C$ 434+
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Alda Hotel Reykjavik - Reykjavik - Bar
Alda Hotel Reykjavik
Miðborg
8.7Very good(1584)
Free Wi-Fi
Spa
C$ 440+
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Vintage Apartment Hotel - Reykjavik - Kitchen
Vintage Apartment Hotel
Miðborg
8.8Very good(2103)
Free Wi-Fi
C$ 447+
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Exeter Hotel - Reykjavik - Patio
Exeter Hotel
Miðborg
8.8Very good(2503)
Free Wi-Fi
C$ 489+
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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
C$ 605+
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Apótek Hotel Reykjavík by Keahotels - Reykjavik - Bedroom
Apótek Hotel Reykjavík by Keahotels
Miðborg
8.8Very good(684)
Free Wi-Fi
C$ 644+
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Iceland Parliament Hotel, Curio Collection By Hilton - Reykjavik - Lounge
Iceland Parliament Hotel, Curio Collection By Hilton
Miðborg
9.2Wonderful(250)
Free Wi-Fi
C$ 646+
Check availability
Reykjavik Konsulat Hotel, Curio Collection by Hilton - Reykjavik - Lounge
Reykjavik Konsulat Hotel, Curio Collection by Hilton
Miðborg
9.1Wonderful(516)
Free Wi-Fi
Spa
C$ 657+
Check availability
Hotel Reykjavik Saga - Reykjavik - Bedroom
Hotel Reykjavik Saga
Miðborg
9.0Wonderful(328)
Free Wi-Fi
C$ 664+
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.

How much does a budget hotel room in Reykjavik cost?

The average price for a budget hotel in Reykjavik is C$ 454 but this can vary depending on the season, the star rating of the hotel and when you’ve booked. In the last 7 days, the cheapest price found on KAYAK was C$ 450.

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 C$ 288. Exeter Hotel, Nordic Hostel, and Hotel Von rank among the highest-rated hotels in Miðborg.

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 C$ 183 per night. For the same dates, 3-star budget hotel rooms have been found for as low as C$ 183 per night and 4-star budget hotel rooms from C$ 355 per night.

How early should you book a budget hotel in Reykjavik?

Book at least 84 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

June
September
C$ 735
C$ 459
C$ 62
Cheapest month to stay with an average 53% drop in price.
Most expensive month to stay with an average 53% 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 June and December.
  • Budget room prices can vary depending on different factors. However, generally, rooms cost less on a Tuesday. The most expensive night for a stay is Thursday.
  • The cheapest budget hotel room in Reykjavik found on KAYAK in the last 2 weeks was C$ 353. The most expensive cost C$ 924.

FAQs about Reykjavik budget hotels

  • How many budget hotels are there in Reykjavik?

    Currently, there are around 301 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, Dalur - Hi Eco Hostel and Storm Hotel by Keahotels.

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

Hotels near airports in Reykjavik

Reykjavik Keflavik Intl Airport

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