8 Cheapest Hostels in Reykjavik

Lækur Hostel in Reykjavik is an affordable and comfortable accommodation option. It's conveniently located near attractions like Sun Voyager, Laugavegur Shopping Street, and Imagine Peace Tower. The hostel features Nordic-style rooms and dorms with free WiFi and shared facilities like a kitchen and bathrooms.

Guests can also enjoy a restaurant serving local cuisine and request vegetarian and vegan options. The property has luggage storage space and a paid airport shuttle service.

SM Hostel in Reykjavík offers affordable accommodation with a tour desk, shared kitchen, free WiFi and luggage storage. The property is close to popular attractions such as Nauthólsvík Geothermal Beach, Solfar Sun Voyager and Laugavegur Shopping Street. Some rooms feature a kitchenette and all guests have access to shared lounge areas and a garden.

The hostel is also near The Pearl, Hallgrímskirkja Church and Reykjavik Art Museum: Kjarvalsstadir. Reykjavík Domestic airport is just 1.2 miles away and airport shuttle service is available for a fee.

Located in the heart of Laugardalur Park, next to Iceland's largest thermal pool and spa and the national sports stadiums, Dalur - HI Hostel is a budget-friendly option for exploring Reykjavik. Their staff will take care of organizing tours to must-visit spots like the Volcano Trip, Blue Lagoon, Golden Circle, glaciers, as well as hiking and biking.

There's also a cafe, lounge areas, patio, and garden for socializing. This eco-certified hostel offers mixed or female-only dorms and private double rooms, with some shared bathrooms. Free WiFi and parking are available, and guests can enjoy organic meals at Dalur Cafe. It's a 30-minute walk to the city center along the scenic Reykjavik coastline, and FlyBus connects the hostel with Keflavík Airport.

Hostel B47 is an affordable option for travelers visiting Reykjavík. Located just 2.9 km from Nauthólsvík Geothermal Beach, this historical house turned hostel offers spacious rooms with free WiFi and city views. Guests can enjoy Mediterranean and pizza cuisine at the on-site restaurant or grab a light meal and beverage in the lounge bistro.

The communal kitchen and dining room offer a great place to mix and mingle with other guests. The walls of the hostel are beautifully hand-painted by artists Brandon Roberts and Tiago Forte. Plus, there's a huge free parking area available!

Bus Hostel Reykjavik is an affordable and modern hostel above the Reykjavik Terminal. It's the perfect travel hub for tourists, offering connections to popular destinations like Keflavik Airport and the Blue Lagoon. Plus, you can easily book day tours with leading companies like Reykjavik Sightseeing and Gray Line at no extra cost.

And, when you're not out exploring, the hostel has plenty to offer with local beers, happy hour, sports events, and board games. With free WiFi, a 24-hour front desk, and private rooms with secure lockers,Bus Hostel Reykjavik is the ultimate adventure basecamp.

Kex Hostel in Reykjavik, Iceland is an affordable and unique accommodation option that incorporates salvaged materials and vintage furnishings, giving it a homey, eclectic feel. Guests have access to a communal kitchen and can enjoy a buffet breakfast or a meal at the in-house Flatus Restaurant.

Drinx Bar hosts musical events every Thursday to Saturday, and a communal lounge and heated outdoor terrace provide leisure options. Kex Hostel is well-connected to the city's public bus system and within walking distance to nightlife, shopping streets, cultural attractions, and restaurants. Whale watching trips depart from Reykjavik Harbor, a 20-minute walk away.

Baron's Hostel, located in Reykjavík's center, offers free WiFi, a garden, and a shared lounge. Guests can choose from buffet or continental breakfast, and some rooms have views of the city. The hostel is a stone's throw away from Nauthólsvík Geothermal Beach, Blue Lagoon, Reykjavik Art Museum: Kjarvalsstadir, and Laugavegur Shopping Street.

Popular landmarks like Hallgrímskirkja Church, Solfar Sun Voyager, and The Pearl are just a short distance away. Baron's Hostel is also budget-friendly and close to Reykjavík Domestic Airport.

Loft Hostel is the perfect place to stay for anyone who wants to experience Scandi-chic with an eco-friendly twist. The rooftop terrace offers stunning views of the northern lights in the winter and a great spot for beers in the summer. They also offer plenty of free events, including arts and crafts, yoga, pub crawls, drag shows, and karaoke.

The hostel is located on the main shopping street, so guests can easily explore the city. The comfortable dorms and private rooms come with free linen, lockers, and en-suite bathrooms. The staff is happy to help with local advice and tours, including the Golden Circle, Blue Lagoon, horseback riding, whale watching, and adventure tours. The on-site bar and café offers an excellent selection of global and local craft beers with daily happy hour from 4 pm to 8 pm.