Is it cheaper to stay in a hostel than in a hotel in Reykjavik?

The average price for a night in a hostel in Reykjavik is $80 compared to $267 for a night in a hotel.

Hostels in Reykjavik from $35/night

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Best Reykjavik hostels

101 Hostel

8 Very good

Miðborg$292+

$292+

Free Wi-Fi

Bus Hostel

7.6 Good

Hlíðar$106+

$106+

Parking

Free Wi-Fi

B14 Hostel - Reykjavik - Dining room

B14 Hostel

8.1 Very good

Laugardalur$71+

$71+

Parking

Free Wi-Fi

Reykjavik Downtown Hostel - Reykjavik - Bedroom

Reykjavik Downtown Hostel

8.5 Very good

Vesturbær$187+

$187+

Free Wi-Fi

Lækur Hostel - Reykjavik - Bedroom

Lækur Hostel

8.2 Very good

Laugardalur$67+

$67+

Parking

Free Wi-Fi

Student Hostel - Reykjavik - Dining room

Student Hostel

8.6 Very good

Miðborg$158+

$158+

Free Wi-Fi

Start Hostel - Keflavik - Lounge

Start Hostel

8.7 Very good

$125+

Parking

Free Wi-Fi

Loft - Hi Eco Hostel - Reykjavik

Loft - Hi Eco Hostel

8.5 Very good

Miðborg$179+

$179+

Free Wi-Fi

Reykjavik Hostel Village - Reykjavik

Reykjavik Hostel Village

7 Good

Hlíðar$244+

$244+

Parking

Free Wi-Fi

Dalur - Hi Eco Hostel - Reykjavik

Dalur - Hi Eco Hostel

8.1 Very good

Laugardalur$140+

$140+

Parking

Free Wi-Fi

Lava Hostel - Hafnarfjordur

Lava Hostel

7.3 Good

$177+

Parking

Free Wi-Fi

Geysir Hestar - Haukadalur

Geysir Hestar

9.1 Wonderful

$131+

Parking

Free Wi-Fi

Kex Hostel

7.9 Good

Miðborg$115+

$115+

Hostel B47

8 Very good

Miðborg$107+

$107+

Baron's Hostel - Reykjavik - Bedroom

Baron's Hostel

8.6 Very good

Miðborg$139+

$139+

Nordic Hostel - Reykjavik - Restaurant

Nordic Hostel

9.4 Wonderful

Miðborg$105+

$105+

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KAYAK’s insights for hostels in Reykjavik

Discover seasonal trends, ideal booking windows, and other data-driven tips to plan your stay in Reykjavik with confidence.

Which month has the cheapest hostel rates in Reykjavik?

Hostels are cheapest in Reykjavik in January, with average rates of $25. In comparison, September is the most expensive month, with prices at $113.

What is the cheapest day of the week to book a hostel in Reykjavik?

Tuesday offers the lowest rates in Reykjavik, with an average nightly price of $27. The highest prices are found on Friday, with average rates at $100.

Which neighbourhood do KAYAK users most love to book their hostel in Reykjavik?

The most popular neighbourhood in Reykjavik among KAYAK users to search for a hostel is Miðborg, with an average price of $64. Center Hotels Plaza, Reykjavik Natura - Berjaya Iceland Hotels, and Exeter Hotel rank among the highest-rated hotels in Miðborg.

How early should you book a hostel in Reykjavik?

Book at least 6 days before your stay begins to get the best price for your Reykjavik hostel.

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2 stars and below

3 stars

Low season	January
High season	September
Average price (weeknight)	$61
Average price (weekend night)	$66

Cheapest month to stay with an average 65% drop in price.

Most expensive month to stay with an average 61% rise in price.

Average Sun - Thu price over the last 2 weeks.

Average Fri & Sat price over the last 2 weeks.

If you want to ensure you grab a bargain, try to book at least 84 days before your stay to get the best price for a Reykjavik hostel.
The cheapest 3-star hostel in Reykjavik found on KAYAK in the last 2 weeks was $38, while the most expensive was $97.
Don’t know how much time you need to see all the sights? KAYAK users usually book their hostel in Reykjavik for 3 days.

Is it cheaper to stay in a hostel than in a hotel in Reykjavik?
The average price for a night in a hostel in Reykjavik is $80 compared to $267 for a night in a hotel.