where to stay in reykjavik on a budget

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In this article, I will let you know where to stay in reykjavik on a budget
Note: The information in the article is for reference only and may change at any time, especially hotel room rates during peak and off-peak seasons. You should contact the hotel before booking to obtain additional necessary information.

Reykjavik on a Budget: 10 Best Places to Stay

1. Reykjavik Hostel 101

Hotel Overview

Reykjavik Hostel 101 is a budget-friendly accommodation located in the heart of Reykjavik. The hostel offers dorm rooms and private rooms, making it an excellent choice for solo travelers, couples, and groups.

Pros

  • Central location

  • Affordable prices

  • Friendly staff

  • Clean and comfortable rooms

Cons

  • Limited amenities

  • No private bathrooms in dorm rooms

  • Can be noisy

Perfect for

  • Solo travelers

  • Budget-conscious travelers

  • Groups of friends

Hotel details:

  • Address: Laugavegur 101, 101 Reykjavik, Iceland

  • Phone: +354 899 6213

  • Check-in time: 14:00

  • Check-out time: 10:00

  • Wi-Fi: Free

  • Price: Starting from $30 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Tour bookings, laundry facilities

  • Breakfast: Not included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: Yes (in some rooms)

  • Coffee maker: No

  • Bathrooms: Shared or private

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.5/10

  • Official website: www.reykjavikhostel101.com

2. Hlemmur Square

Hotel Overview

Hlemmur Square is a budget-friendly hotel located in the heart of Reykjavik. The hotel offers comfortable rooms and a range of amenities, including a restaurant and bar.

Pros

  • Central location

  • Comfortable rooms

  • Restaurant and bar on site

  • Friendly staff

Cons

  • Limited parking options

  • Can be noisy

  • No private bathrooms in some rooms

Perfect for

  • Couples

  • Solo travelers

  • Budget-conscious travelers

Hotel details:

  • Address: Laugavegur 105, 101 Reykjavik, Iceland

  • Phone: +354 415 1600

  • Check-in time: 14:00

  • Check-out time: 12:00

  • Wi-Fi: Free

  • Price: Starting from $80 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Restaurant, bar, tour bookings

  • Breakfast: Included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: No

  • Coffee maker: No

  • Bathrooms: Private or shared

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.1/10

  • Official website: www.hlemmursquare.com

3. Reykjavik Central Apartments

Hotel Overview

Reykjavik Central Apartments offers self-catering apartments in the heart of Reykjavik. The apartments are fully equipped with kitchenettes and private bathrooms.

Pros

  • Central location

  • Self-catering apartments

  • Private bathrooms

  • Comfortable beds

Cons

  • Limited amenities

  • No reception on site

  • Can be noisy

Perfect for

  • Couples

  • Families

  • Groups of friends

Hotel details:

  • Address: Laugavegur 139, 101 Reykjavik, Iceland

  • Phone: +354 899 6213

  • Check-in time: 14:00

  • Check-out time: 10:00

  • Wi-Fi: Free

  • Price: Starting from $100 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Laundry facilities, tour bookings

  • Breakfast: Not included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes

  • Microwave: Yes

  • Coffee maker: Yes

  • Bathrooms: Private

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.8/10

  • Official website: www.reykjavikcentralapartments.com

4. Loft Hostel

Hotel Overview

Loft Hostel is a budget-friendly hostel located in the heart of Reykjavik. The hostel offers dorm rooms and private rooms, as well as a range of amenities, including a bar and lounge.

Pros

  • Central location

  • Affordable prices

  • Friendly staff

  • Bar and lounge on site

Cons

  • Limited amenities

  • No private bathrooms in dorm rooms

  • Can be noisy

Perfect for

  • Solo travelers

  • Budget-conscious travelers

  • Groups of friends

Hotel details:

  • Address: Bankastræti 7, 101 Reykjavik, Iceland

  • Phone: +354 553 8140

  • Check-in time: 14:00

  • Check-out time: 10:00

  • Wi-Fi: Free

  • Price: Starting from $30 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Bar, lounge, tour bookings

  • Breakfast: Not included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: Yes (in some rooms)

  • Coffee maker: No

  • Bathrooms: Shared or private

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.5/10

  • Official website: www.lofthostel.is

5. Reykjavik Backpackers

Hotel Overview

Reykjavik Backpackers is a budget-friendly hostel located in the heart of Reykjavik. The hostel offers dorm rooms and private rooms, as well as a range of amenities, including a kitchen and lounge.

Pros

  • Central location

  • Affordable prices

  • Friendly staff

  • Kitchen and lounge on site

Cons

  • Limited amenities

  • No private bathrooms in dorm rooms

  • Can be noisy

Perfect for

  • Solo travelers

  • Budget-conscious travelers

  • Groups of friends

Hotel details:

  • Address: Laugavegur 28, 101 Reykjavik, Iceland

  • Phone: +354 511 3579

  • Check-in time: 14:00

  • Check-out time: 10:00

  • Wi-Fi: Free

  • Price: Starting from $30 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Kitchen, lounge, tour bookings

  • Breakfast: Not included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: Yes (in some rooms)

  • Coffee maker: No

  • Bathrooms: Shared or private

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.3/10

  • Official website: www.reykjavikbackpackers.com

6. Icelandair Hotel Reykjavik Natura

Hotel Overview

Icelandair Hotel Reykjavik Natura is a 4-star hotel located near the Reykjavik city center. The hotel offers comfortable rooms and a range of amenities, including a spa and fitness center.

Pros

  • Comfortable rooms

  • Spa and fitness center on site

  • Friendly staff

  • Good location

Cons

  • Not in the city center

  • Limited parking options

  • Can be expensive

Perfect for

  • Couples

  • Families

  • Business travelers

Hotel details:

  • Address: Nautholsvegur 52, 101 Reykjavik, Iceland

  • Phone: +354 444 4000

  • Check-in time: 14:00

  • Check-out time: 12:00

  • Wi-Fi: Free

  • Price: Starting from $150 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Spa, fitness center, restaurant, bar

  • Breakfast: Included

  • Pools: None

  • Wellness: Spa, fitness center

  • Meeting rooms: Yes

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: Yes

  • Refrigerator: Yes

  • Microwave: No

  • Coffee maker: Yes

  • Bathrooms: Private

  • Housekeeping: Daily

  • Hot tub: Yes

  • Rating: 8.5/10

  • Official website: www.icelandairhotels.com

7. Hotel Cabin

Hotel Overview

Hotel Cabin is a budget-friendly hotel located near the Reykjavik city center. The hotel offers comfortable rooms and a range of amenities, including a restaurant and bar.

Pros

  • Comfortable rooms

  • Restaurant and bar on site

  • Friendly staff

  • Good location

Cons

  • Limited amenities

  • No private bathrooms in some rooms

  • Can be noisy

Perfect for

  • Couples

  • Solo travelers

  • Budget-conscious travelers

Hotel details:

  • Address: Borgartún 32, 105 Reykjavik, Iceland

  • Phone: +354 511 6030

  • Check-in time: 14:00

  • Check-out time: 12:00

  • Wi-Fi: Free

  • Price: Starting from $80 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Restaurant, bar, tour bookings

  • Breakfast: Included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: No

  • Coffee maker: No

  • Bathrooms: Private or shared

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.1/10

  • Official website: www.hotelcabin.is

8. Reykjavik Residence

Hotel Overview

Reykjavik Residence is a 4-star hotel located in the heart of Reykjavik. The hotel offers comfortable rooms and a range of amenities, including a spa and fitness center.

Pros

  • Comfortable rooms

  • Spa and fitness center on site

  • Friendly staff

  • Good location

Cons

  • Limited parking options

  • Can be expensive

  • No private bathrooms in some rooms

Perfect for

  • Couples

  • Families

  • Business travelers

Hotel details:

  • Address: Hverfisgata 45, 101 Reykjavik, Iceland

  • Phone: +354 415 1600

  • Check-in time: 14:00

  • Check-out time: 12:00

  • Wi-Fi: Free

  • Price: Starting from $120 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Spa, fitness center, restaurant, bar

  • Breakfast: Included

  • Pools: None

  • Wellness: Spa, fitness center

  • Meeting rooms: Yes

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: Yes

  • Refrigerator: Yes

  • Microwave: No

  • Coffee maker: Yes

  • Bathrooms: Private

  • Housekeeping: Daily

  • Hot tub: Yes

  • Rating: 8.8/10

  • Official website: www.reykjavikresidence.is

9. Hotel Reykjavik 101

Hotel Overview

Hotel Reykjavik 101 is a 3-star hotel located in the heart of Reykjavik. The hotel offers comfortable rooms and a range of amenities, including a restaurant and bar.

Pros

  • Comfortable rooms

  • Restaurant and bar on site

  • Friendly staff

  • Good location

Cons

  • Limited amenities

  • No private bathrooms in some rooms

  • Can be noisy

Perfect for

  • Couples

  • Solo travelers

  • Budget-conscious travelers

Hotel details:

  • Address: Laugavegur 101, 101 Reykjavik, Iceland

  • Phone: +354 899 6213

  • Check-in time: 14:00

  • Check-out time: 12:00

  • Wi-Fi: Free

  • Price: Starting from $80 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Restaurant, bar, tour bookings

  • Breakfast: Included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: No

  • Coffee maker: No

  • Bathrooms: Private or shared

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.1/10

  • Official website: www.hotelreykjavik101.is

10. Guesthouse Pavi

Hotel Overview

Guesthouse Pavi is a budget-friendly guesthouse located in the heart of Reykjavik. The guesthouse offers comfortable rooms and a range of amenities, including a kitchen and lounge.

Pros

  • Comfortable rooms

  • Kitchen and lounge on site

  • Friendly staff

  • Good location

Cons

  • Limited amenities

  • No private bathrooms in some rooms

  • Can be noisy

Perfect for

  • Couples

  • Solo travelers

  • Budget-conscious travelers

Hotel details:

  • Address: Brautarholt 4, 105 Reykjavik, Iceland

  • Phone: +354 899 6213

  • Check-in time: 14:00

  • Check-out time: 10:00

  • Wi-Fi: Free

  • Price: Starting from $60 per night

  • Payments: Credit cards, cash

  • Languages spoken: English, Icelandic

  • Services: Kitchen, lounge, tour bookings

  • Breakfast: Not included

  • Pools: None

  • Wellness: None

  • Meeting rooms: None

  • Children: Child-friendly

  • Parking: Extra charge

  • Airport shuttle: Extra charge

  • Pet policy: Dogs allowed, Cats allowed

  • Air conditioning: No

  • Refrigerator: Yes (in some rooms)

  • Microwave: Yes (in some rooms)

  • Coffee maker: No

  • Bathrooms: Shared or private

  • Housekeeping: Daily

  • Hot tub: No

  • Rating: 8.3/10

  • Official website: www.guesthousepavi.is

Conclusion

Reykjavik is a vibrant and beautiful city with a wide range of accommodation options to suit all budgets and preferences. From budget-friendly hostels and guesthouses to luxury hotels and apartments, there’s something for everyone in Reykjavik. When choosing where to stay, consider factors such as location, amenities, and price to ensure that you find the perfect place for your needs. Whether you’re looking for a romantic getaway, a family vacation, or a solo adventure, Reykjavik has something to offer.

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