Reykjavik Hostel Prices

How much do hostels in Reykjavik cost?

Available dorm-bed prices in Reykjavik, Iceland range from $24 to $160/night over the next 3 months. HostelHound compares 12 hostels.

On a typical date, the cheapest available dorm bed is around $24.

How these prices work: Hostelworld listings, based on one night and the selected dorm-bed type. “Typical starting price” is the median of daily minimum prices across 8 contributing properties—not the typical hostel’s price. Amounts are converted to USD; verify availability and final taxes and fees on Hostelworld. Filters can narrow the advertised results below, but this summary remains citywide. Latest city scrape: 2026-10-06T17:33:50.544Z.

Check a hostel’s price history

Open a tracked hostel to see its own recent prices in Reykjavik.

Local knowledge for Reykjavik

Where to stay

Most hostels sit along or just off Laugavegur, the main street running through the 101 district. That location puts you within walking distance of Hallgrímskirkja, the Harpa concert hall on the waterfront, and nearly every restaurant and bar worth visiting.

Getting around

Kolaportið, the weekend flea market near the old harbor, sells second-hand lopapeysa wool sweaters for a fraction of what the souvenir shops on Laugavegur charge. It runs Saturday and Sunday.
Take the Flybus from Keflavik Airport to BSÍ bus terminal rather than a taxi. The taxi fare is roughly four to five times the cost of the bus, and the bus drops you close to the main hostel area.
Alcohol at bars is expensive enough to noticeably affect your budget. Vínbúðin, the state-run liquor store with locations in the city center, sells spirits and beer at much lower prices before you head out.

When to go

Hostels are cheapest in April, May, and late September through October. June through August fills up quickly, especially around the summer solstice, so expect higher prices and low availability if you wait.

Frequently asked questions

How much do hostels in Reykjavik cost?

On a typical date, the cheapest available dorm bed is around $24. Dorm beds currently range from $24 to $160/night across the next 3 months of availability.

How many hostels does HostelHound track in Reykjavik?

HostelHound currently tracks 12 hostels in Reykjavik, Iceland.

Where do backpackers stay in Reykjavik?

Most hostels sit along or just off Laugavegur, the main street running through the 101 district. That location puts you within walking distance of Hallgrímskirkja, the Harpa concert hall on the waterfront, and nearly every restaurant and bar worth visiting.

What is the best time of year to visit Reykjavik?

Hostels are cheapest in April, May, and late September through October. June through August fills up quickly, especially around the summer solstice, so expect higher prices and low availability if you wait.