The average price of a 7-day trip to Reykjavik is $1,728 for a solo traveler, $3,103 for a couple, and $5,818 for a family of 4. Reykjavik hotels range from $46 to $279 per night with an average of $108, while most vacation rentals will cost $180 to $480 per night for the entire home. Average worldwide flight costs to Keflavik International Airport (KEF) are between $641 and $1,496 per person for economy flights and $2,011 to $4,694 for first class. Depending on activities, we recommend budgeting $46 to $76 per person per day for transportation and enjoying local restaurants.

See below for average, budget, and luxury trip costs. You can also look up flight costs from your airport for more tailored flight pricing.

 

 

The Cheapest Times to Visit Reykjavik, IS

On average, these will be the cheapest dates to fly to KEF and stay in a Reykjavik hotel:

  • April 16th to April 29th
  • May 14th to October 21st

The absolute cheapest time to take a vacation in Reykjavik is usually early September.

 

Average Reykjavik Trip Costs

Average Solo Traveler

The average cost for one person to visit Reykjavik for a week is $1,129-$2,656($161-$379 per day)

Food, Travel, and Sightseeing: $46 to $76 per day for one person’s daily expenses

Flights: $399 to $1,242 for economy

Lodging: $68 to $100 per night for one 2 or 3-star hotel room

or $121 to $147 per night for a 1-bed vacation rental

Average Couple’s Trip

The average cost for a couple to visit Reykjavik for a week is $2,334-$4,938($333-$705 per day)

Food, Travel, and Sightseeing: $92 to $152 per day for two people’s daily expenses

Flights: $798 to $2,484 for economy

Lodging: $68 to $100 per night for one 2 or 3-star hotel room

or $121 to $147 per night for a 1-bed vacation rental

Average Family Vacation

The average cost for 4 people to visit Reykjavik for a week is $3,700-$8,422($529-$1,203 per day)

Food, Travel, and Sightseeing: $184 to $304 per day for four people’s daily expenses

Flights: $1,596 to $4,968 for economy

Lodging: $136 to $200 per night for two 2 or 3-star hotel rooms

or $182 to $221 per night for a 2-bed vacation rental

Traveling Cheap to Reykjavik

How cheap can you make a vacation to Reykjavik? The cheapest trip to Reykjavik is about $114 per person per day for travelers willing to take standby flights, deal with inconvenience, and otherwise limit travel expenses. About 1% of rentals are available in the $0 to $100 range for an entire place, and vacation rentals can be booked for as low as $60 per night. These inexpensive rentals must be booked as early as possible and may not be in the most desirable areas. 1-star hotels are more likely to be available, with rooms starting at around $40.

Even cheaper trips are possible depending on where you live and whether you can drive. Check the cheapest times to fly for more saving ideas.

Budget Solo Traveler

The lowest cost for one person to visit Reykjavik for a week is $800-$2,104($114-$301 per day)

Food, Travel, and Sightseeing: $23 to $46 per day for one person’s daily expenses

Flights: $399 to $1,242 for economy

Lodging: $40 to $46 per night for one 1-star hotel room

or $60 to $90 per night for a 1-bed vacation rental

Budget Couple’s Trip

The lowest cost for a couple to visit Reykjavik for a week is $1,360-$3,668($194-$524 per day)

Food, Travel, and Sightseeing: $46 to $92 per day for two people’s daily expenses

Flights: $798 to $2,484 for economy

Lodging: $40 to $46 per night for one 1-star hotel room

or $60 to $90 per night for a 1-bed vacation rental

Budget Family Vacation

The lowest cost for 4 people to visit Reykjavik for a week is $2,720-$7,120($389-$1,017 per day)

Food, Travel, and Sightseeing: $92 to $184 per day for four people’s daily expenses

Flights: $1,596 to $4,968 for economy

Lodging: $80 to $92 per night for two 1-star hotel rooms

or $84 to $144 per night for a 2-bed vacation rental

Overall it is very difficult to travel to Reykjavik cheaply.

The Cost of a Luxury Reykjavik Trip

There is no true ceiling on the cost of a luxury trip, so our estimates are based on what most people do in Reykjavik.

Luxury Solo Traveler

The high-end price for one person to visit Reykjavik for a week is $2,571-$9,832($367-$1,405 per day)

Food, Travel, and Sightseeing: $101 to $137 per day for one person’s daily expenses

Flights: $898 to $3,689 for first class

Lodging: $161 to $279 per night for one 4 or 5-star hotel room

or $480 to $864 per night for a preferred vacation rental

Luxury Couple’s Trip

The high-end price for a couple to visit Reykjavik for a week is $4,176-$14,480($597-$2,069 per day)

Food, Travel, and Sightseeing: $202 to $274 per day for two people’s daily expenses

Flights: $1,796 to $7,378 for first class

Lodging: $161 to $279 per night for one 4 or 5-star hotel room

or $480 to $864 per night for a preferred vacation rental

Luxury Family Vacation

The high-end price for 4 people to visit Reykjavik for a week is $8,352-$25,852($1,193-$3,693 per day)

Food, Travel, and Sightseeing: $404 to $548 per day for four people’s daily expenses

Flights: $3,592 to $14,756 for first class

Lodging: $322 to $558 per night for two 4 or 5-star hotel rooms

or $672 to $1,210 per night for a preferred vacation rental

 

Reykjavik Hotel Prices

The cost of staying in Reykjavik is much higher than the average city. On average hotels are less expensive than vacation rentals. Luxury vacation rentals are more expensive in Reykjavik due to very high property costs. The graphs below show how much cost can vary depending on the type of experience you’re looking for.

Reykjavik Lodging Cost by Star Status

The average price for the class of hotel is on the (y) axis. The hotel class (out of 5 stars) is on the (x) axis.

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Hotel Price

Prices are based on Reykjavik hotel averages and may not reflect current prices. In some cases, we extrapolate prices to estimate costs, and hotels with your desired star rating may not be available.

Vacation Rental Prices

The percent of vacation rentals in the price range is on the left (y) axis. Price range is on the bottom (x) axis.

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Percent of rentals

There are a healthy amount of vacation rentals serving all budgets in Reykjavik.

 

Flight Costs to Reykjavik

Averaging flights around the world, prices go from a high of $1,496 average in mid December to a low of $641 in early September. Median flight price is $783. These prices are based on millions of flights. For Reykjavik our data includes 292 originating airports, and 96 airlines. The area has more variance in price compared with other locations. Flying to Reykjavik from an airport like Chicago Midway International (MDW) in Chicago, IL (the United States) for an average $6,415 trip fare will obviously cost a lot more than from an airport like London Luton (LTN) in London (the United Kingdom) at an average of just $157.

 

Average Flight Cost by Season

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Worldwide Flight Prices

Average Flight Cost by Day of Week

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Departure Day Prices
Return Day Prices

 

The cheapest day to fly in is typically Tuesday, and the cheapest day to fly back is usually Tuesday. Click here to see data for the cost of flights from your airport. In Reykjavik, the difference between the cheapest and the most expensive week is about $855, so you can easily save about 133% simply by using our free flight guides and booking in advance.

 

Daily Expenses Budget

Daily vacation expenses vary more based on what you’re interested in doing. A fine dining restaurant with drinks around Reykjavik can easily cost $350 per person or more, while a standard nice meal might be about $23 per person. Private tours can cost $695 per day, but self-guided tours to see the outdoor sights can be free. Costs vary wildly, so recommendations are made based on the cost of living and averages we see for this type of vacation.

 

 

Other Reykjavik Guides

The Cost of a Trip Anywhere› Iceland › Reykjavik, Iceland