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Hotel prices in Reykjavik, month by month

January is the cheapest month for a hotel in Reykjavik, at about €116 a night for a typical stay. July sits at the other end, around €256, which is 121% more. April comes close to the low point, a good fallback if January does not suit you.

These figures come from 18 hotels in Reykjavik whose prices we check on Agoda on a rolling basis. Across the whole year the typical night averages €168.

Cheapest month
January €116
Most expensive month
July €256
Typical night, year average
€168
Saturday vs Tuesday
+10%
Hotels price-checked
18

Typical nightly price by month

  • Cheapest month: January, about €116 a night on average
  • Most expensive month: July, about €256 a night on average
All months
Month Typical hotel3 stars and below4 stars
November€130 €154€231
December€129 €153€214
January€116 €127€184
February€153 €180€257
March€143 €159€236
April€121 €130€203
May€148 €181€244
June€212 €230€372
July€256 €299€532
August€241 €298€465
September€195 €227€372

The typical price is the median of the monthly averages of up to 18 hotels we price-check on Agoda (one night, 2 adults). In euros.

Where else is cheap in: January · February · March · April · May · June · July · August · September · October · November · December

Weekend or weekday?

Saturday nights cost about 10% more than Tuesdays in Reykjavik. If your dates can move, arriving early in the week is the easiest saving.

Prices by hotel class

Hotels of three stars and below range from €127 to €299.

Good-value hotels in Reykjavik

Rated 8.5 or higher by guests, ordered by their average nightly price across the year.

Hotel prices month by month in Reykjavik

The most-reviewed hotels in Reykjavik with a full year of price checks.

Hotel prices in Reykjavik: questions

What is the cheapest month to stay in Reykjavik?

January. A typical hotel night then costs about €116, against a yearly average of €168.

When are hotels in Reykjavik most expensive?

In July, at about €256 a night for a typical hotel, 121% more than in January.

Are weekends more expensive in Reykjavik?

Saturday nights cost about 10% more than Tuesdays in Reykjavik. If your dates can move, arriving early in the week is the easiest saving.

Where do these prices come from?

We check real Agoda prices for 18 hotels in Reykjavik: one night for two adults on a Tuesday and a Saturday in every month of the coming year, refreshed every few weeks. The typical price is the median of the hotels’ monthly averages. Prices are in euros, last updated 22 October 2026; the final price is shown before you book.