Reykjavik Budget hotels

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Recommended by KAYAK

Best Reykjavik budget hotels

Hotel Muli - Reykjavik - Lobby
Hotel Muli
Háaleiti og Bústaðir
8.5Very Good(3617)
Parking
Free Wi-Fi
RM 813+
Check availability
Bus Hostel Reykjavik - Reykjavik - Living room
Bus Hostel Reykjavik
Hlíðar
8.1Very Good(3887)
Parking
Free Wi-Fi
RM 348+
Check availability
Hostel B47 - Reykjavik - Bedroom
Hostel B47
Miðborg
8.0Very Good(3932)
Parking
Free Wi-Fi
RM 399+
Check availability
Guesthouse Aurora - Reykjavik - Bedroom
Guesthouse Aurora
Miðborg
8.0Very Good(3711)
Free Wi-Fi
RM 428+
Check availability
Hotel Fron - Reykjavik - Living room
Hotel Fron
Miðborg
8.4Very Good(3953)
Free Wi-Fi
RM 713+
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Igdlo Guesthouse - Reykjavik - Kitchen
Igdlo Guesthouse
Hlíðar
7.9Good(3227)
Parking
Free Wi-Fi
Pet-friendly
RM 414+
Check availability
Cityhub Reykjavik - Reykjavik - Lounge
Cityhub Reykjavik
Miðborg
9.0Wonderful(469)
Free Wi-Fi
RM 428+
Check availability
Stay Apartments Bolholt - Reykjavik - Bedroom
Stay Apartments Bolholt
Hlíðar
8.5Very Good(2651)
Apartment
Parking
Free Wi-Fi
RM 593+
Check availability
Day Dream Soleyjargata Rooms & Apartments - Reykjavik - Living room
Day Dream Soleyjargata Rooms & Apartments
Miðborg
8.1Very Good(804)
Apartment
Parking
Free Wi-Fi
RM 621+
Check availability
Hotel Ódinsvé - Reykjavik - Restaurant
Hotel Ódinsvé
Miðborg
8.4Very Good(2116)
Free Wi-Fi
RM 752+
Check availability
Dalur - Hi Eco Hostel - Reykjavik - Building
Dalur - Hi Eco Hostel
Laugardalur
8.1Very Good(2562)
Parking
Free Wi-Fi
RM 508+
Check availability
Thingholt Hotel Apartments from Center Hotels - Reykjavik - Living room
Thingholt Hotel Apartments from Center Hotels
Miðborg
8.7Very Good(997)
Apartment
Free Wi-Fi
RM 747+
Check availability
Hotel Laxnes - Reykjavik - Balcony
Hotel Laxnes
Reykjavik, Iceland
8.2Very Good(1330)
Parking
Free Wi-Fi
RM 646+
Check availability
Reykjavik Marina - Berjaya Iceland Hotels - Reykjavik - Lounge
Reykjavik Marina - Berjaya Iceland Hotels
Vesturbær
8.6Very Good(3303)
Free Wi-Fi
RM 733+
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 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 RM 331, while a 4-star budget hotel the lowest price was RM 599. The cheapest room found overall was for RM 348.

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 RM 174 per night. For the same dates, 3-star budget hotel rooms have been found for as low as RM 174 per night and 4-star budget hotel rooms from RM 702 per night.

How early should you book a budget hotel in Reykjavik?

Book at least 5 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

January
August
RM 1,061
RM 780
RM 211
Cheapest month to stay with an average 45% drop in price.
Most expensive month to stay with an average 11% 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 January and February.
  • 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 Wednesday.
  • The cheapest budget hotel room in Reykjavik found on KAYAK in the last 2 weeks was RM 553. The most expensive cost RM 553.

FAQs about Reykjavik budget hotels

  • How many budget hotels are there in Reykjavik?

    Currently, there are around 255 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 Igdlo Guesthouse, Guesthouse Aurora, and Bus Hostel Reykjavik.

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

    Currently, there are no 5-star budget hotels in Reykjavik. However, Black Pearl Apartment 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