
Hostels in popular neighbourhoods in Reykjavik
Below are the most popular neighbourhoods in Reykjavik to stay in, as well as some of the best hostels in each area
Miðborg
Search hostels in MiðborgLaugardalur
Search hostels in LaugardalurHlíðar
Search hostels in HlíðarVesturbær
Search hostels in VesturbærCheap hotels in Reykjavik
These hotels usually make for a cheap way to stay in Reykjavik
Get the best value hostel in Reykjavik
These hostels have the best prices for their ratings
When to book a hostel in Reykjavik
Check out the information below to find the best deal on a hostel in Reykjavik
| Low season | November | cheapest month to stay |
| High season | July | most expensive time to stay |
| 42% | expected price decrease | |
| 42% | expected price increase |
Price | C$ 73 - C$ 212 |
|---|
| Cheapest day of week | Friday | is the cheapest day of the week to book |
| Highest day of week | Saturday | is the most expensive day of the week to book |
| C$ 60 | is the average per night cost for a hostel on this day | |
| C$ 185 | is the average per night cost for a hostel on this day |
Best neighbourhoods to book a hostel in Reykjavik
Below are the average prices for hostels in the most popular neighbourhoods in Reykjavik
Price | C$ 132 - C$ 157 |
|---|
| CHEAPEST NEIGHBOURHOOD IN REYKJAVIK | Hlíðar | 9% cheaper | Hostels in Hlíðar are the cheapest in Reykjavik at just C$ 132 per night on average |
| MOST EXPENSIVE NEIGHBOURHOOD IN REYKJAVIK | Miðborg | 8% more expensive | Miðborg has the highest priced hostels in Reykjavik with rooms averaging C$ 157 per night |
| MOST POPULAR NEIGHBOURHOOD IN REYKJAVIK | Miðborg | 56% more users visited | More momondo users search for hostels in Miðborg than any other neighbourhood in Reykjavik |
Information about staying in Reykjavik
Read these important travel tips before booking a hostel in Reykjavik
How much do hostels in Reykjavik cost?
Reykjavik hostels will typically cost about C$ 202/night. The cheapest price found for a hostel in Reykjavik is C$ 142/night. Weekly rates at area hostels are, on average, C$ 746 and monthly rates are usually around C$ 5,149.
What is the average length of a stay in a Reykjavik hostel?
On average, momondo users who have stayed at Reykjavik hostels have stayed for 3 days. On average, a 3-days stay at a hostel in Reykjavik will cost C$ 606.
Are Reykjavik hostels a better deal than Reykjavik hotels?
On average, a hostel in Reykjavik will cost you C$ 202/night which is 13% less than 2 star hotels, 44% less than 3 star hotels, and 47% less than 4 star hotels. Based on the price of hostels compared to that of 2 star, 3 star, and 4 star hotels, a hostel is a good option if you are looking to save some money on your trip to Reykjavik.
What do past momondo users think of the hostels in Reykjavik?
On average, momondo users have rated Reykjavik hostels a 8.3 out of 10. This rating is better than 1-star (7.8) and 2-star (7.9) hotels in Reykjavik. If you are looking for a comfortable and budget-friendly stay in Reykjavik, momondo and its users would recommend looking into a hostel.
How many operators does momondo search for hotels in Reykjavik?
As of October 2026, there are 941 operators available to choose from for hotels in Reykjavik.
When did momondo last update prices for hotels in Reykjavik?
Prices for hotels in Reykjavik are refreshed on a daily basis.