Hotels with free cancellation in Reykjavik

101 properties in Reykjavik are that can be cancelled free of charge, starting at € 109 per night for two adults with a typical price of € 151.

Live prices for a two-night stay a month ahead — search your own dates. Measured 2026-10-08.

See all 101 hotels with free cancellation in Reykjavik

How hotels with free cancellation in Reykjavik compare

Of everything we can book in Reykjavik at the moment, roughly 75% is that can be cancelled free of charge — 101 properties out of 134. Half of what is bookable sits between € 109 and € 175 a night, with the midpoint at € 151. That is within a few percent of the Reykjavik median of € 158, so this filter barely moves the price 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 Tower Suites Reykjavík at 9.8/10 from 481 reviews, around € 370 a night. The six best-reviewed in this group average 9.6 out of 10 between them.

Highly rated

Tower Suites Reykjavík
Tower Suites Reykjavík
9.8/10 · 481 reviews
€ 370 from / night
Black Pearl Luxury Apartments
Black Pearl Luxury Apartments
9.8/10 · 161 reviews
€ 249 from / night
House of the Snowbird
House of the Snowbird
9.6/10 · 407 reviews
€ 278 from / night
Reykjavik Treasure
Reykjavik Treasure
9.6/10 · 89 reviews
€ 246 from / night
Tower Apartments
Tower Apartments
9.5/10 · 486 reviews
€ 303 from / night
Exeter Hotel
Exeter Hotel
9.4/10 · 3 918 reviews
€ 149 from / night

What to look for in hotels with free cancellation in Reykjavik

These rates can be cancelled free of charge up to a deadline set by the property, typically 24 to 72 hours before check-in. Booking flexibly usually costs a little more than a non-refundable rate, and whether that premium is worth paying depends entirely on how firm your plans are.

Before you book, check

  • The exact deadline, in the property's local time zone. We show it in full on every rate.
  • Whether the deadline is the same for every room in the property. It often is not.
  • Whether cancelling reverses the payment or leaves a credit. Card holds are released rather than refunded, which can take a few days to appear.
  • Whether a deposit is taken at booking or the card is only held.
The thing people get caught by

"Free cancellation" and "pay at the property" are different things and a rate can be one without the other. Read both lines on the rate, not just the green one.

Worth it for: Trips built around something that can move: a connecting flight, a match, a meeting, weather.

Other collections in Reykjavik

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Frequently asked

How much do hotels with free cancellation in Reykjavik cost?

Starting from €109 per night for two adults, with a typical price of €151.

How many are there?

We can currently book 101 properties that can be cancelled free of charge in Reykjavik. The list is built from live availability, so it changes with the season and your dates.