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Cheap hotels in Iceland

Find the cheap hotels that appeal to you the most

December 2025

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Most-visited cities for cheap hotels

Reykjavík

291 cheap hotels

Akureyri

83 cheap hotels

Vestmannaeyjar

13 cheap hotels

Selfoss

90 cheap hotels

Siglufjörður

10 cheap hotels

Vík

9 cheap hotels

Hella

37 cheap hotels

Egilsstaðir

21 cheap hotels

Ísafjörður

3 cheap hotels

Stykkishólmur

18 cheap hotels

Skogar

4 cheap hotels

Húsavík

13 cheap hotels

Borgarnes

14 cheap hotels

Höfn

25 cheap hotels

Myvatn

9 cheap hotels

Most popular regions for cheap hotels

South Iceland

387 cheap hotels

Reykjavik Greater Region

335 cheap hotels

North Iceland

234 cheap hotels

Golden Circle

197 cheap hotels

West Iceland

185 cheap hotels

Hlidarfjall

84 cheap hotels

East Iceland

70 cheap hotels

Reykjanes

63 cheap hotels

Snæfellsnes Peninsula

62 cheap hotels

Westfjords

52 cheap hotels

Reykjavik Surroundings

44 cheap hotels

Vatnajokull Glacier

37 cheap hotels

Lake Myvatn

12 cheap hotels

Hvalfjordur

9 cheap hotels

Tindastoll

6 cheap hotels

The 10 Best Cheap Hotels in Iceland

Check out our pick of great cheap hotels in Iceland

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Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 1,146 reviews

Central Location: CityHub Reykjavik is located in the city center of Reykjavík, offering easy access to key attractions.

From CHF 108 per night
Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 1,864 reviews

Located in Jökulsárlón, 6.7 miles from Jokulsarlon Glacier Lagoon, Hótel Jökulsárlón - Glacier Lagoon Hotel provides accommodations with a fitness center, free private parking, a restaurant and a bar....

From CHF 560 per night
Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 1,003 reviews

Hotel Stafholt has a garden, terrace, a restaurant and bar in Varmaland. At the hotel, the rooms come with a closet.

From CHF 187 per night
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 2,173 reviews

Located in Akureyri, 24 miles from Godafoss Waterfall, Hotel Halond has accommodations with a garden, free private parking and a terrace. The rooms come with a patio.

From CHF 283 per night
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 2,028 reviews

Located in Ölfus, 30 miles from The Pearl, Hotel Kvika has accommodations with a garden, free private parking, a terrace and a bar.

From CHF 188 per night
Scored out of 10, guest rating 9.7
Exceptional - What previous guests thought, 2,287 reviews

Offering garden views, Loa's Nest in Hella provides accommodations, a garden, and a shared lounge. With mountain views, this accommodation features a patio.

From CHF 160 per night
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 1,289 reviews

Providing a garden, Bjork Guesthouse features accommodations in Laugarvatn. This guest house provides free private parking, full-day security, and free Wifi.

From CHF 214 per night
Scored out of 10, guest rating 9.2
Wonderful - What previous guests thought, 1,077 reviews

Opened in June 2018, Hotel 1001 Nott offers modern accommodations 3.1 mi from Egilsstadir. The hotel features outdoor hot tubs overlooking Lake Lagarfljót. There is also an on-site bar.

From CHF 310 per night
Scored out of 10, guest rating 9.0
Wonderful - What previous guests thought, 2,577 reviews

K16Apartments enjoys a location in Akureyri, 21 miles from Godafoss Waterfall and a 6-minute walk from Hof - Cultural Center and Conference Hall.

From CHF 210 per night
Scored out of 10, guest rating 9.1
Wonderful - What previous guests thought, 1,294 reviews

Fosshotel Mývatn is located next to Lake Mývatn, 4.2 mi to the Mývatn Nature Baths. The hotels provides free WiFi and free private parking.

From CHF 333 per night

Most booked cheap hotels in Iceland this month

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Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.2
Very Good - What previous guests thought, 6,847 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 5,874 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.0
Very Good - What previous guests thought, 1,886 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 7.9
Good - What previous guests thought, 3,805 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.0
Very Good - What previous guests thought, 4,434 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 9.5
Exceptional - What previous guests thought, 1,864 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.5
Very Good - What previous guests thought, 3,343 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.0
Very Good - What previous guests thought, 4,995 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 3,216 reviews

Popular with guests booking cheap hotels in Iceland

Scored out of 10, guest rating 8.6
Excellent - What previous guests thought, 2,365 reviews
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