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 R1 453 compared to R4 249 for a night in a hotel.

Hostels in Reykjavik from R869/night

Recommended by KAYAK

Best Reykjavik hostels

Bus Hostel Reykjavik

Hlíðar

8.1Very Good(3867)

Parking

Free Wi-Fi

Air conditioning

R1 562+

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Reykjavik Hostel Village

Hlíðar

7.0Good(1855)

Parking

Free Wi-Fi

R2 223+

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Reykjavik Downtown Hostel

Vesturbær

8.5Very Good(757)

Free Wi-Fi

R2 373+

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Dalur - Hi Eco Hostel

Laugardalur

8.1Very Good(2544)

Parking

Free Wi-Fi

Laugardalur

Parking

Free Wi-Fi

Air conditioning

Laugardalur

Parking

Free Wi-Fi

R4 714+

Check availability

Refurinn Reykjavik Guesthouse

Vesturbær

8.7Very Good(1053)

Parking

Free Wi-Fi

Miðborg

Free Wi-Fi

Miðborg

Free Wi-Fi

Miðborg

Free Wi-Fi

Start Keflavík Airport

Keflavik, Iceland

8.5Very Good(4010)

Parking

Free Wi-Fi

R2 478+

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Hostel Fjordur

Hafnarfjordur, Iceland

8.4Very Good(146)

Parking

Free Wi-Fi

R2 271+

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Lava

Hafnarfjordur, Iceland

Free Wi-Fi

Hlíðar

Parking

Free Wi-Fi

Air conditioning

R1 927+

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Sport Hostel Reykjavík

Laugardalur

7.1Good(436)

Free Wi-Fi

Air conditioning

Haukadalur, Iceland

Parking

Free Wi-Fi

Miðborg

Miðborg

Miðborg

Miðborg

Booking Insights

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 November, with average rates of R569. In comparison, July is the most expensive month, with prices at R2 762.

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

Sunday offers the lowest rates in Reykjavik, with an average nightly price of R550. The highest prices are found on Wednesday, with average rates at R1 572.

How early should you book a hostel in Reykjavik?

Book at least 40 days before your stay begins to get the best price for your Reykjavik hostel.

Find deals

3 stars

2 stars and below

Low season	High season	Average price (weeknight)	Average price (weekend night)
November	July	R1 246	R1 413
Cheapest month to stay with an average 64% drop in price.	Most expensive month to stay with an average 74% 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 40 days before your stay to get the best price for a Reykjavik hostel.

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 R1 453 compared to R4 249 for a night in a hotel.

What Reykjavik hostel guests are talking about

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Reykjavik hostels

KAYAK searches hundreds of travel sites at once for hostels in Reykjavik

Best Reykjavik hostels

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 November, with average rates of R569. In comparison, July is the most expensive month, with prices at R2 762.

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

Sunday offers the lowest rates in Reykjavik, with an average nightly price of R550. The highest prices are found on Wednesday, with average rates at R1 572.

How early should you book a hostel in Reykjavik?

Book at least 40 days before your stay begins to get the best price for your Reykjavik hostel.

How much is a Reykjavik hostel?

Good to know

Low season

High season

Average price (weeknight)

Average price (weekend night)

KAYAK's top tips for finding Reykjavik hostel deals

FAQs when booking a hostel in Reykjavik