Cheap Hotels & Resorts in Reykjahlíð

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Best Reykjahlíð Cheap Hotels

Beautiful view of the beach with palm trees

Black Friday: Members save 30%+

Members save 30%+ on selected hotels until 4 Dec (property time) with our Black Friday deals. Stay by 15 Dec 2025.

Frequently asked questions

What is Reykjahlíð like for travellers on a budget?
Explore discount places to stay in Reykjahlíð on Expedia.com and plan a trip that fits your budget. Reykjahlíð is a destination that visitors enjoy for its lake views. You can look through a wide selection of hotels and other accommodation options with Member Prices to score the best deal for you and earn rewards. With our site’s helpful page filters, you can search by your price range, or by favourite amenities like free breakfast and free airport transport. If you’re interested in affordable options near specific attractions, such as Lake Myvatn or Grotagja Cave, try filtering by location to refine your search. As you browse, click the heart button to save your favourites so that you can come back to them when you’re ready to decide. Need a flight or a rental car along with your hotel? Choose from the holiday packages available under Bundle and Save and discover big savings by reserving transport at the same time.
What's the best place to stay on a budget in Reykjahlíð?
Based on reviews, Eldá Guesthouse is a popular guest house for our travellers who want a more economical choice, and features free WiFi and free parking.
When is the best time for a budget trip to Reykjahlíð?
Weather is probably a major factor when you plan your trip to Reykjahlíð, but bear in mind that cheaper options are usually available when the weather isn’t as good. The hottest months are usually July and August, with an average temperature of 8°C, while the coldest months are December and January, with an average of -3°C. Average annual precipitation for Reykjahlíð is 1374 mm.
What is there to see and do in Reykjahlíð?
Reykjahlíð is known for its lake views and offers things to see and do without spending a fortune. You can budget for the local attractions that interest you most, and then fill your itinerary with sights that are easy on the wallet. If you’re eager to get outdoors, you can enjoy the natural setting at Lake Myvatn, Grotagja Cave or Myvatn Nature Baths.
How can I get to Reykjahlíð and get around on a budget?
Scoping out the transportation options in Reykjahlíð is a smart way to keep your trip affordable. The most convenient airport is 33 mi (53.2 km) away from the centre in Akureyri (AEY). Reykjahlíð might not have many public transport options to choose from so renting a car could be an economical alternative to see more of the area.