Located in Iceland, Reykjavik is the capital city and known for its beautiful landscapes, interesting culture, and adventurous activities. But it also is known to be one of the pricey city. But do not worry, budget travelers! By planning ahead a little, and making some smart decisions you can definitely afford the magic that Reykjavik has to offer without breaking the bank.
Read on to learn what practicing in Reykjavik is really like and how not go bankrupt while you are here. From budget hostels and economy travel tips to free activities and cheap eats, we’ll explain how you can experience the best of the city affordably.
So, If you want to make a memorable trip to Reykjavik without emptying your pocket, follow me on this Budget Travel Guide EH!
Savvy Accommodation Options – Reykjavik on a Budget
One of the biggest expenses when you travel can be accommodation. Sure, there are much less expensive places to crash in Reykjavik but that does not mean you can be assured a goodnight sleep.
Hostels and Guesthouses
Reykjavik: Hosteling is a budget-friendly way to get social with the locals and pass out in Reykjavik. These agents house you in dormitory-style rooms or more private room with a fraction of the cost. You will be able to share facilities such as kitchens and common areas with other travelers, so that you can communicate, exchange tips and recommendations.
Below are a few of the top-rated hostels & guesthouses in Reykjavik:
- KEX Hostel – Housed in a renovated biscuit factory, KEX itself is cool and convenient with stylish und musty style bedrooms right.
- Reykjavik Downtown HI Hostel – A basic, centrally located hostel with clean and comfortable rooms, a common kitchen area, and vibrant ambiance.
- Sunna Guesthouse: A family-run guesthouse with comfortable rooms, a communal kitchen and a friendly, warm environment.
Camping
Camping is also a good option for the adventurous traveler, where they experience closer to nature. There is tons of campgrounds right outside of Reykjavik to send it from in the perfect nature surroundings to hike and see amazing sights. Camping offers a much more affordable option of lodging and enables you to experience Iceland´s stunning landscapes at their best.
Reykjavík Campsite A great campsite located close to the city, are there your standard showers, laundry and kitchen making for a more pleasant camping experience.
Laugardalur Campsite: Set in a scenic valley, with the city’s botanical gardens and hiking trails nearby, Laugardalur provides serenity for campers.
Apartment Rentals
If you travel with your family or a group of friends aparently in renting an apartment is cheaper. Apartments have a kitchen so you can prepare your meals, which will save quite a bit on dining costs. Also, you will have more space and privacy than hotel rooms In the traditional way.
There are plenty of websites and platforms to browse Reykjavik rent apartments, which vary in price based on budget and size.
Off-Season Travel
Look at booking a trip to Reykjavik during the shoulder seasons or winter for even more discounts on your accommodation. This is a great time to visit — rates are lower for hotels, and with the smaller crowds you can enjoy the city on a more personal level.
Remember that the more flexible you are with your travel dates and prebook your accommodation, the better the deals you can find. There are plenty of places to stay that can make your stay both comfortable and within budget, and with a little research and planning, you can avoid worrying about where you’re going to lay your head at night and concentrate on all of the amazing things that there are to see in Reykjavik.
Thrifty Transportation Tips
In Reykjavik, however, it is easy possible to get around without breaking the bank. There’s a nice public transportation system, and even some creative carpooling solutions to save money.
Walking and Biking
One of the things that also makes Reykjavik a great city to visit is the small downtown core, perfect for walking in. Most of the attractions, stores and dining areas are walking distance from one another. And walking down the picturesque streets will help you to feel the true spirit of the city and find a few hidden treasures on your way.
I suggest to hire a bike for those who think that it is boring to walk around and such. Iceland capital Reykjavik, which does boast a minimalist approach to transit, is simply for reasons that have nothing to do with how humans cope with sea level rise. Many of the bike shops rent bikes at reasonable prices, which let you wander freely and offers a new perspective on the city.
Public Transportation
Strætó is Reykjavik’s public bus system and a reliable way to get around the capital, as well as further out in the suburbs. Most of the major attractions and neighborhoods are well on the bus network, and these buses frequent. You can either buy a days ticket or even multiple day tickets, depending on your requirement.
Single tickets: Single journey tickets may be bought on board the bus itself ( from a cash only ), or from ticket machines located in most city centre hotspots. They are good for an hour, so if you use one to transfer somewhere else, you can get on a bus within that time frame and not have to pay another fare.
Multi-Day Passes If you are going to be taking the bus a lot, it might make sense for you to buy a pass that lasts longer than one day. These passes allow unlimited use of public transportation for a certain number of days (24, 48 or 72 hours).
Reykjavik City Card
If you plan to visit a few museums and other attractions, the Reykjavik City Card could save you money. The card offers free entrance to numerous museums and galleries, as well as use of the Strætó bus system without restriction. You can purchase the card for 24, 48 or 72 hours and it will help you save a real heap of money compared to buying individual tickets.
Carpooling and Ride-Sharing
If you tap to travel with others or use a ride-sharing service, you could even carpool and split the cost of transportation! There are many apps and platforms out there that connect drivers with passengers — often at a lower fare than you can find through cabs.
Carpooling: Services like Samferda. simply put, it brings together people in need of a ride who are going to the same place, so all can pitch in on fuel and together reduce the environmental impact of our trips.
Ride-sharing: Apps such as Hreyfill offer a more convenient and sometimes less expensive alternative to traditional taxis for longer rides or night-time trips.
Again, with these thrifty transportation alternatives available to you, not only do you save money but you can see Reykjavik as a local. Taking a walk or riding a bike, as well as using public transportation will help you soak up the city, and potentially find hidden treasures.
Free and Affordable Activities
The real attraction in Reykjavik is its vibrant culture, unique architecture and an endless list of natural wonders that are so accessible, you’ll find it hard to believe they won’t have you reaching deep into your wallet again!
Natural Wonders:
Your money would be better spent witnessing Iceland’s breathtaking landscapes, and Reykjavik provides many options to do so without spending any money.
Tjörnin Lake: In the heart of town, this beautiful lake is a birdwatchers delight and a summer time hotspot for strolling and picnics. Birdwatch the wide array of birdlife, revel in the tranquil surroundings and photograph the impressive cityscape and mountains.
Hike or bike the scenic path to Grotte lighthouse on Grótta Island Seltjarnarnes peninsula. From the beach or a geothermically footbath overlooking the sand and lava rocks, taking in the panoramic view of the ocean and mountains following your hike —-
Esja, a favorite hiking spot outside of the city center Ranging from moderate routes to the summit, to more challenging trails cascading down the mountainside — all resulting in spectacular views over Reykjavik and its surrounding yards.
Cultural Experiences
The Reykjavik cultural life is both colorful and vast, from where you can have a taste of different activities without having to fork out all too much money.
Free Walking Tours Numerous companies provide free walking tours of Reykjavik, hosted by experienced local guides who regale you with riveting tales of the city’s past and present. These tours are perfect for discovering the city and exploring some of what it has to offer.
Reykjavík, City Library — More than just a techno marvel. This cultural hub is a place of calm to read, study and enjoy literary related free events from author readings, lectures and exhibits.
The Icelandic Punk Museum: This unique downtown basement museum lives through the rebellious spirit of Icelandic punk rock. This museum features memorabilia, photos and video exhibits to give you the story of this huge music movement.
There Also may be some free concerts, and other cultural events happening around the city with zero cost. Local venues may offer free or low-cost events, presenting another opportunity to get a taste of Icelandic culture.
These free and cheap activities are your ticket to experiencing the heart and soul of Reykjavik without doing a number on your wallet. Kolkata’s splendor of nature, artistic resonance and its colorful culture will welcome all irrespective to their economic condition.
Budget-Friendly Dining
Dining in Reykjavik is not cheap but with some clever planning you can eat well on a budget.
Grocery Stores and Markets
- Self-Catering: If you want to save tons of money on food, self-catering is the way to go. Reykjavik has lots of grocery shops where you can buy anything which can help you prepare your food.
- Bonus: A low budget supermarket chain with cheap prices and a large variety of products.
- Krónan: Known as one of the cheapest supermarket chains and with a wide range of foods from both Iceland and abroad.
- Farmers’ Markets: In the summer, you might also investigate some local farmers’ markets too for fresh vegetables, craft items and yummy street food.
Happy Hour Deals
- Just like with anywhere could be, there are many happy hours at bars and restaurants in Reykjavik appearing… which generally happen during the late afternoon or early evening. Use these discounts as a way to get drinks and appetizers on the cheap while you get a taste of the Miami nightlife.
- Research online or ask locals: using the web search for bars and restaurants with best happy hours. Ask your concierge or any fellow local for a good place that you can visit with a lot of new things to learn.
- Remember there is a time limit: happy hour specials are generally only during specified times (not all day!) so plan to arrive on the early side for the best price.
Food Trucks and Street Food
As a bonus, food trucks continue to boom in Reykjavik with an expanding street food world for some of the best and cheapest local fare and international cuisine alike. There are a variety of food trucks, selling everything from gourmet hot dogs and fish & chips to vegan burgers and crepes.
Lunch Specials
Reykjavik is full of restaurants and cafes with affordable lunch specials, which means you can try Icelandic food or other flavors without it costing much to do so. Most of the time, these specials have a discounted price that involves any one main dish (sometimes with soup or salad).
Armed with these tips, you can savor a rich smorgasbord of food experiences in Reykjavik without breaking your budget. Whether you prefer cooking or live off discounted happy hour snacks and street food, there is something to please your palate while also stretching your budget.
Smart Money-Saving Tips
Aside from finding cheap accommodations and great places to grab a bite to eat, there are also other ways you can save money while traveling in Reykjavik.
Pack Wisely
As the weather can be unpredictable in Iceland it is very important to pack well. Important stuff to pack for Iceland is warm layers, a waterproof (or at least windproof) shell jacket, some sturdy shoes and your swimsuit if you plan on visiting any of the geothermal pools or hot springs. If you pack smartly, you will not need to buy costly clothing or gear in Reykjavik.
Free Things to Do
Reykjavik has a wealth of free activities and sights to take in, all of which allow you see the city’s stunning natural beauty, cultural grandeur and general style without spending an Icelandic Krona.
- Walk the City: The capital city of Reykjavik has an endearing quality that is best experienced by foot, so don’t miss out on a self-guided tour through its picturesque streets or its unique style buildings.
- Open in New TabDo The Free Museums And Galleries — Many museums and galleries across the city offer free admission, including the National Gallery of Iceland and Reykjavik Art Museum.
- Take a Walk: The best thing about Iceland is its natural beauty, — and for those who love the outdoors it’s all FREE. Take a hike, walk along the coast, or simply get loose and idle in one of the many parks around town.
- Go to Free Events: Be sure to scour local listings for free concerts, festivals and other cultural events that may be taking place during your stay.
Utilize Free Wi-Fi
Being able to connect online without spending a fortune on roaming charges also, because free Wi-Fi is everywhere in Reykjavik. Get free Wi-Fi at cafes, libraries, and other public spaces to read mails, surf the internet or keep in touch with your friends.
Drink Tap Water
There is no need to buy water, the tap water in Iceland it safe and tasty. Invest in a reusable water bottle and keep filling it up to keep yourself hydrated throughout the day!
Cook Your Own Meals
As I mentioned above, one of the best ways to save money on your trip is to self-cater. Utilize kitchen facilities in your accommodation or share a communal kitchen at hostels and guesthouses.
Look for Discounts and Deals
Look Out for Deals and Discounts on Things to Do, Tours, and Attractions Additionally, tour operators often provide special deals for students, seniors and families. You can also find great coupons and special deals in the local newspapers or online.
Consider a City Card
The Reykjavik City Card can save you a big chunk of that, if you plan on visiting multiple museums and attractions or getting around the public transportation lot. The card gives you free entry to many places and unlimited travel on the Strætó city bus, saving you TONS depending on how long you stay.
By following these few easy and smart money savings tips, you will be able to make the most out of your budget and enjoy one heck of an experience in Reykjavik while still save a bundle.
FAQs: Answering Your Reykjavik on a Budget Questions – Reykjavik on a Budget
So that we can help you with your budget trip to Reykjavik, see below some of the frequently asked questions which may also be yours.
Q: Can you do the Northern Lights on a budget in Reykjavik?
A: Absolutely! Although guided Northern Lights tours can cost you an arm and a leg, there are ways to improve your chances of catching the Aurora Borealis that won’t break the bank. Explore some of Reykjavik´s outskirts with less light pollution, check the Aurora forecast and wait. There are also dozens of Northern Lights Facebook groups where, as you might expect, locals share the latest sightings for free.
Q: Does Reykjavik have any free museums?
- The National Gallery of Iceland — 13
- Reykjavík Art Museum (Hafnarhús)
- Settlement Exhibition (on some days only)
- The Culture House
- The Einar Jónsson Museum
Q: What are some affordable souvenirs to buy in Reykjavik?
- Volcanic rocks or jewelry crafted from volcanic materials.
- Icelandic landscape or artwork postcard/prints
- House made jams, honey or chocolates
- You can check out any of these Icelandic books
- Items made by hand from local markets, craft fairs etc
Q: How can I travel cheap in Reykjavik?
- Walk or cycle when you can, particularly in town.
- If using public transport, pick up a multi-day bus pass.
- If it is an option carpool or go via ride-sharing to get the costs spread out over more people.
- If you are going to check out a few of the attractions, it may be worth buying a Reykjavik City Card as this can save you on transport for the day and entrance fees.
Are there any free or cost-effective ways to experience Icelandic culture?
A: Indeed, one can sample Icelandic culture without spending a fortune by
- Free concerts, exhibits or similar cultural activies.
- Checking out the Reykjavik City Library with free events and things to do at times
- Wandering the street art circuit of the city.
- Soaking up the local music at bars and coffee shops with live acts.
Conclusion – Reykjavik on a Budget
Reykjavik needn’t be an expensive place to visit because, with its array of natural beauty and culture richness. Using the advice and strategies in this guide, you can explore the city to its fullest potential under budget.
This guide covers affordable accommodation and transportation to free activities, budget friendly dining options and much more ways you can enjoy a visit to Reykjavik on a budget. Make the most of your travel dilemmas, browse through this blog post and get the benefits to relish your adventurous side & uncover similar or less known spots of the city and use it as a charming getaway attempt without affecting too much on your expense sheet.
It Important to note that budget -travel does not equate to constrained experiences. It is all about being innovative, inventive and ready to explore new avenues. By using the Budget Trips tool and a little bit of flexibility, you can travel to Reykjavik comfortably on your terms.
Therefore, get planning your low-cost Sicily adventure and pamper yourself to wonder of Reykjavik without breaking the bank!
