Here are the best cheap hotels in Reykjavik recommended to travelers. Use this list of Reykjavik's best budget hotels when comparing hotel prices and booking your next cheap hotel in Reykjavik, Iceland...it doesn't have to be expensive.
1. Cheap Hotel #1: The Metropolitan Hotel
Metropolitan Hotel, Reykjavik
The Metropolitan Hotel is one of Reykjavik's cheapest hotels. A great location (only 5 minutes from the city center) and 3-star hotel rooms at low prices make the Metropolitan Hotel one of the best budget hotels in Reykjavik. Amenities include free parking, currency exchange, laundry, and even car rentals. Nightly rates from $58.
Location: Ranargata 4a, Reykjavík
2. Cheap Hotel #2: The Cabin Hotel
Cabin Hotel Reykjavik
Hotel Cabin offers budget travelers 3-star amenities along with a pretty view of the nearby bay. You are close to Reykjavik's main shopping area and there is a swimming facility nearby which is great for families. At the Cabin Hotel, rooms are rather small but prices per night start at just $71.
Location: Borgartun 32, Reykjavík
3. Cheap Hotel #3: The Foss Baron Hotel
Foss Hotel Baron
The Foss Baron is a hotel in Reykjavik with many room options and downtown location. 121 rooms total, with 3-star rating. 21 rooms are historically decorated rooms with skylights (themed after the French Baron who lived here in the early 1900s). The modern standard rooms offer wireless internet and great views. And then there are studio apartments as well! Hotel prices from $83 per night.
Location: Baronsstigur 2, Reykjavík
4. Cheap Hotel #4: Hotel Skjaldbreid
Hotel Skjaldbreid Reykjavik
A 4-star cheap hotel in Reykjavik is hard to find - and the Skjaldbreid Hotel is the one that's most recommended to budget travelers in Iceland's capital. This Center Hotel is directly located on Reykjavik's main shopping street, Laugavegur. Basic amenities plus concierge service, laundry area, and free coffee! Room rates at this 4-star Reykjavk hotel begin at $86 per night.
Location: Laugavegi 16, Reykjavík
5. Cheap Hotel #5: Domus Guesthouse
Domus Guesthouse Reykjavik
If you're looking for a cheap hotel in Reykjavik that is more private and personal, take a look at the Domus Guesthouse. While not necessarily classified as a hotel, this guesthouse has lots of traditional charm and the staff can accommodate your situation like no hotel can. There are twelve 2-star standard rooms as well as several cozy apartments (sleeping 4-6 people) with kitchenettes for self-catering, and their own washing machines. Nights from just $44.
Location: Hverfisgata 45, Reykjavík
