Reykjavik, the capital city of Iceland, is not just the northernmost capital in the world but also a cultural hub brimming with history, arts, and nightlife. Accompanied by breathtaking landscapes, it’s a destination that attracts travelers from all over the globe. When planning your stay, finding budget-friendly accommodations without sacrificing comfort or quality is essential. Below, we delve into some of the best and cheapest hotels, motels, resorts, and lodges in Reykjavik.

Budget-Friendly Hotels in Reykjavik

1. Fosshotel Reykjavik

  • Location: Centrally located near the city center.

  • Highlights: Modern and spacious rooms, a rooftop bar, and a restaurant serving local cuisine. It provides excellent value for money with its amenities.

  • Price Range: Affordable mid-range prices, often with seasonal discounts.

2. Hotel Cabin

  • Location: Just a short distance from the main city attractions.

  • Highlights: This hotel features simple but comfortable rooms, a restaurant, and a beautiful view of the ocean. It is particularly popular among families and couples.

  • Price Range: Budget-friendly prices with excellent deals available.

3. Reykjavik City HI Hostel

  • Location: A little away from the hustle of downtown.

  • Highlights: Great for backpackers, this hostel offers both shared and private rooms. It includes a communal kitchen, free Wi-Fi, and laundry facilities.

  • Price Range: One of the cheapest options available in the city.

4. Kex Hostel

  • Location: Situated in an old biscuit factory right by the waterfront.

  • Highlights: Unique decor and a vibrant atmosphere. Offers a bar, restaurant, and music events, making it a social hub for travelers.

  • Price Range: Affordable rates, especially for dormitory-style accommodations.

Affordable Motels in Reykjavik

5. Guesthouse Andrea

  • Location: Centrally located with easy access to public transport.

  • Highlights: A cozy guesthouse offering clean and comfortable rooms. The shared facilities include a fully-equipped kitchen, making it easy to prepare meals.

  • Price Range: Very reasonable, perfect for those who prefer a quieter stay.

6. Hotel Laugabjarg

  • Location: Located a bit further from downtown but close to the city’s swimming pools and hot tubs.

  • Highlights: Features comfortable rooms at great rates. The staff is known for being helpful and friendly.

  • Price Range: Affordable rates with seasonal promotions.

Budget Resorts in Reykjavik

7. Icelandair Hotel Reykjavik Marina

  • Location: This resort is in the harbor area, close to numerous shops and restaurants.

  • Highlights: Marine-themed decor, a spa, and a restaurant that offers fresh, local food. Ideal for travelers looking for a touch of luxury on a budget.

  • Price Range: Moderate pricing with frequent deals.

8. Northern Light Inn

  • Location: A bit outside Reykjavik, closer to the Blue Lagoon.

  • Highlights: Offers beautiful rooms, fitness facilities, and a free shuttle service to the Blue Lagoon. It’s known for its quiet environment and stunning views.

  • Price Range: Affordable for the luxurious experience it provides.

Cozy Lodges in Reykjavik

9. Hotel 66

  • Location: A quiet area while being close to city attractions.

  • Highlights: Offers a charming atmosphere with comfortable rooms and a complimentary breakfast. Ideal for those who like a homely feel.

  • Price Range: Competitive prices with plenty of amenities.

10. Hilda’s Guesthouse

  • Location: Situated in a residential neighborhood.

  • Highlights: A homely guesthouse with friendly owners who provide excellent local insights. Includes kitchen access and is pet-friendly.

  • Price Range: Very affordable and great for family stays.

Unique Experiences in Reykjavik

11. Reykjavik Downtown Hostel

  • Location: Heart of Reykjavik, close to popular attractions.

  • Highlights: Offers both dormitory style and private rooms, communal kitchen and lounge, and a vibrant atmosphere.

  • Price Range: Low-cost with great amenities.

12. Harbor Hostel

  • Location: Overlooking the picturesque Reykjavik harbor.

  • Highlights: Clean and affordable, this hostel offers guided tours and swimming facilities. It is a favorite among adventurous travelers.

  • Price Range: Budget-friendly prices with a lively vibe.

Conclusion

Reykjavik is a city that caters to all sorts of travelers, and fortunately, there’s no shortage of budget-friendly hotels, motels, resorts, and lodges. The accommodations highlighted above not only offer great prices but also provide comfort and convenience for exploring the breathtaking landscapes and rich culture of Iceland. Whether you’re traveling solo, with family, or in a group, you’re sure to find an option that suits your needs.

Frequently Asked Questions

1. What is the average cost of hotels in Reykjavik?

  • The average cost for hotels in Reykjavik varies based on season. Budget options can start from around $50 per night, while mid-range hotels typically range from $100 to $200 per night. Luxury hotels may cost significantly more.

2. Is it safe to stay in hostels in Reykjavik?

  • Yes, Reykjavik is considered one of the safest cities in the world, and hostels offer a community-oriented atmosphere. However, as with any travel, it’s advisable to remain aware of your surroundings and secure your belongings.

3. What is the best time of year to visit Reykjavik for budget accommodations?

  • The shoulder seasons of late spring (April-May) and early autumn (September-October) tend to have the best deals. Visiting during these months typically means fewer crowds and competitive rates.

4. Do I need to book accommodations in advance?

  • While last-minute deals can sometimes be found, it is advisable to book your accommodations in advance, especially during high tourist seasons, to ensure availability and the best rates.

5. Which area in Reykjavik is best to stay for first-time visitors?

  • The downtown area is the most convenient and vibrant, providing access to shops, restaurants, and attractions. Staying here allows you to explore the city on foot easily.

6. Can I find family-friendly accommodations in Reykjavik?

  • Absolutely! Many hotels and guesthouses offer family rooms. Facilities like kitchen access, proximity to parks, and spacious common areas are common in family-friendly places in Reykjavik.

7. Are there any affordable places near the Blue Lagoon?

  • Yes, several guesthouses and hostels are positioned near the Blue Lagoon. Booking in advance can often bundle accommodation and entry into the famous geothermal spa.

8. Is breakfast usually included in hotel rates?

  • Many hotels and guesthouses provide breakfast as part of their stay; however, some budget options may not. It’s always wise to check the specifics before booking.

9. How accessible is public transport from budget hotels?

  • Most budget accommodations in Reykjavik are well-connected to the public transport system. Buses run frequently, and many attractions can be reached on foot, especially in the downtown area.

10. Do hostels in Reykjavik cater to a social atmosphere?

  • Yes, numerous hostels encourage social interaction and often organize events, outings, or communal dinners, making them great for solo travelers looking to meet new friends.

11. What amenities should I expect in a budget hotel?

  • Expect basic amenities such as Wi-Fi, TV, and a private or shared bath. Many budget hotels also provide kitchen facilities, laundry services, and common areas.

12. Are pets allowed in accommodations in Reykjavik?

  • Some hotels and guesthouses are pet-friendly, but it’s essential to check the specific policies when booking, as they can vary widely.

13. Is it expensive to eat out in Reykjavik?

  • Dining in Reykjavik can be pricey, but budget options like hot dog stands and casual cafes can provide affordable meals. Grocery stores are also widely available for those wishing to self-cater.

14. How do I find the best deals on lodging in Reykjavik?

  • Several websites and travel apps offer comparisons on prices, discounts, and user reviews. Signing up for deal alerts and booking during sales can help as well.

15. What’s the cancellation policy for hotels and hostels in Reykjavik?

  • Cancellation policies can vary by property. It’s crucial to read and understand these conditions before making reservations to avoid penalties. Most bookings made through reputable websites include flexible options.

With these insights, your quest for the best and most economical places to stay in Reykjavik will certainly be easier. Happy travels!