🇮🇸 Reykjavik, Iceland · Under 200€
Five of the best hotels in Reykjavik under 200€ per night, ranked using verified Booking.com hotel data, guest ratings and review support.
Prices checked: Sep 10, 2026
Reference prices show the intended budget band, not a guaranteed live rate. Confirm the total price and availability on Booking.com for your dates.
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| Hotel | Area | 5stays | Booking.com | Reviews | From |
|---|---|---|---|---|---|
| CityHub Reykjavik | Reykjavík | 5stays selection | 9.1 | 1,524 | 98€ |
| Hotel Lotus | Reykjavík | 5stays selection | 9.1 | 1,316 | 154€ |
| Hotel Local 101 | Reykjavík | 5stays selection | 9.0 | 3,210 | 150€ |
| Hotel Reykjavík Centrum | Reykjavík | 5stays selection | 9.0 | 1,129 | 170€ |
| Exeter Hotel | Reykjavík | 5stays selection | 8.9 | 2,069 | 155€ |
A hotel can move above the threshold when demand rises. See how we rank hotels.
Hallgrímskirkja Church is 1969 feet away, and Laugavegur Shopping Street is less than 0.6 mi from the hotel. It suits first visits centred on walking and sightseeing. The central setting may feel busy.
Kringlan Shopping Center is 0.6 mi away. It works for relaxed trips that make use of the pool and shared spaces. Reykjavik Airport, Laugardalur Zoo and the geothermal Nauthólsvík Beach are all within a 10-minute drive of the hotel.
Hotel Local 101 is a 3-star hotel 0.4 km from the city centre. It works for a first city break with major sights close by. The central location trades seclusion for convenience.
This hotel is set on one of Reykjavik’s oldest streets, Adalstraeti, 656 feet from Reykjavik Art Museum. It works for a first city break with major sights close by. The central location trades seclusion for convenience.
This contemporary design hotel is set in Reykjavík's Old Harbor area, 1640 feet from Harpa Concert Hall & Conference Center. It suits couples who want wellness facilities between outings. The busy central setting offers little sense of seclusion.
Live availability
Choose your dates in the map to compare live Booking.com options around Reykjavik.
Prices and availability are supplied inside the Stay22 map and can change with dates, guests and room availability.
Frequently asked questions
CityHub Reykjavik, Hotel Lotus, Hotel Local 101, Hotel Reykjavík Centrum, Exeter Hotel form this shortlist after destination, property type and dated price checks.
No. Each hotel showed a dated reference rate at or below 200€, but live rates change with dates, demand, occupancy and room conditions.
We verify that each property is a hotel in the named destination, apply the observed nightly price ceiling, then rank the eligible options using Booking.com rating and review volume.
Compare Miðborg, the Old Harbour, Vesturbær, Hlíðar and Laugardalur. The best area depends on transport, attractions and the atmosphere you prefer.
Not necessarily. Always compare the final stay total, taxes, room type, meal plan and cancellation conditions on Booking.com.
