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Updated: August 31, 2022
8 Best Budget Hotels in Reykjavik
Loft HI Hostel – Budget
Modern hostel with a scenic rooftop terrace located equidistant from the Hallgrimskirkja Church and Harpa Concert Hall (600m). In addition to mixed and female-only dorm rooms with shared bathrooms, private rooms with ensuite bathrooms are available, and amenities include a bar, breakfast buffet (fee applies), cozy lounge area, lockers, communal kitchen, and frequent social programming.
Kex Hostel – Budget
Located close to the Hallgrimskirkja Church (600m) and within walking distance of many restaurants, cafes, and a supermarket, this affordable artsy hostel features a gastropub, gym, communal kitchen, hair salon, self-service laundry, several comfortable sitting areas, and an outdoor terrace. Accommodation options include private sea-view rooms with ensuite bathrooms and shared dormitories with lockers.
Leifur Eiriksson – Midrange
Across the street from the Hallgrimskirkja Church and within walking distance of several restaurants and cafes, this hotel provides a complimentary continental breakfast and private bathrooms in every guest room. There is no elevator but there is a bar and an outdoor patio onsite, and the Hljómskálagarður Park is not far (600m).
Nest Apartments – Midrange
Centrally located close to the Hallgrimskirkja Church (400m) and Laugavegur Shopping Street (600m), these modern one and two-bedroom apartments have spacious floor plans with full kitchens and sitting areas. Every apartment comes equipped with kitchenware, a bluetooth speaker, and a Nespresso machine; the outdoor patio is open to all guests.
Klettur – Midrange
Steps from the restaurants and retail of Laugavegur Shopping Street and close to the waterfront (700m), this modern hotel offers free underground parking and continental breakfast for a fee. All rooms have private bathrooms, some have balconies; on-site amenities include a bar and a billiards table.
Guesthouse Galtafell – Midrange
Charming accommodation located within walking distance of Hljómskálagarður Park (150m), Hallgrimskirkja Church (500m), and the National Museum of Iceland (800m). Standard rooms have either private or shared bathrooms, apartment-style rooms feature small kitchens. Breakfast is available for a fee.
Fosshotel Baron – Midrange
Steps from the waterfront, this no-frills hotel is located less than 15 minutes from Hallgrimskirkja Church (700m) and Harpa Concert Hall (1 km). Amenities include free parking, breakfast buffet, and a bar; every guest room has a private bathroom and tea/coffee facilities.
Room With A View Apartments – Midrange
Contemporary apart-hotel featuring suites with up to four bedrooms, all of which have private bathrooms, sitting areas, and kitchens. Amenities include a rooftop terrace, jacuzzi, and sauna, and the property is located among numerous restaurants and bars and an easy walk from the Hallgrimskirkja Church (500m).
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