Cheap hotels in Reykjavik
69 properties in Reykjavik are at or below the local median price, starting at € 100 per night for two adults with a typical price of € 134. That is about 28% below the city median of € 185.
How cheap hotels in Reykjavik compare
Of everything we can book in Reykjavik at the moment, roughly 50% is at or below the local median price — 69 properties out of 137. Half of what is bookable sits between € 100 and € 152 a night, with the midpoint at € 134. That is about 28% below the Reykjavik median of € 185, so choosing on this filter does not cost you anything here. Among the best-reviewed the star ratings run from 3 to 4, so this is not one class of property. The highest-rated right now is Exeter Hotel at 9.4/10 from 3 918 reviews, around € 165 a night. The six best-reviewed in this group average 9.2 out of 10 between them.
Highly rated
What to look for in cheap hotels in Reykjavik
This list is the lower end of what is actually bookable in each destination, measured against that destination's own prices rather than a fixed number. Cheap in Zurich and cheap in Hanoi are not the same figure, and a single global threshold would return nothing in half the world. If what you actually want is the cheapest room near where you are right now rather than in a city you have named, hotels near me does that in one press: it searches around your own position and sorts by price.
Before you book, check
- What is not included: breakfast, wi-fi, towels in hostels, and city tax are the usual four.
- The location. A very low rate is often paid for in travel time to anywhere you want to be.
- The guest rating for cleanliness specifically, which is where budget properties diverge most.
- Whether reception is staffed around the clock, if you arrive late.
The cheapest rate on a property is often non-refundable and room-only. Compare the total you will actually pay, including breakfast and tax, rather than the headline. We show the typical starting price rather than the single lowest rate for exactly this reason.
Worth it for: Long trips where each night compounds, short stops where the room is only for sleeping, and anyone spending the money on the destination instead.
Other collections in Reykjavik
Frequently asked
How much do cheap hotels in Reykjavik cost?
Starting from €100 per night for two adults, with a typical price of €134. That is about 28% below the city median of €185.
How many are there?
We can currently book 69 properties at or below the local median price in Reykjavik. The list is built from live availability, so it changes with the season and your dates.