top of page

Iceland on a Budget: Expert Tips for Affordable Travel

Updated: Apr 16, 2023

Iceland is known for its stunning landscapes and unique attractions, but it can also be an expensive destination for travelers. However, with some careful planning and a few expert tips, you can enjoy an affordable trip to this incredible country.

1. Travel during the off-season Iceland's peak tourist season runs from June to August when prices for flights, accommodations, and activities are at their highest. Consider traveling during the off-season, such as late September to early May, to take advantage of lower prices and fewer crowds.

2. Book flights and accommodations in advance To get the best deals on flights and accommodations, book as far in advance as possible. Keep an eye on airline sales, and consider using booking websites that offer price alerts or flexible date searches.

3. Stay in budget accommodations Instead of staying in hotels, consider budget-friendly options like hostels, guesthouses, or Airbnb rentals. Camping is another affordable option, especially during the warmer months, with many campsites located near popular attractions.

4. Cook your own meals Eating out in Iceland can be expensive, so save money by cooking your own meals. Shop at local grocery stores, such as Bónus or Krónan, and stock up on affordable ingredients. Many accommodations, including hostels and guesthouses, provide guests with access to kitchen facilities.

5. Take advantage of free attractions Iceland is home to many natural wonders that are free to visit, such as waterfalls, geysers, and national parks. Plan your itinerary around these attractions to save on entrance fees. Additionally, some museums and galleries in Reykjavík offer free admission or reduced prices on certain days of the week.

6. Use public transportation Renting a car in Iceland can be expensive, especially during peak season. Save money by using public transportation, such as buses or ferries, to get around. If you plan to visit multiple destinations, consider purchasing a bus passport or multi-day pass for discounted fares.

7. Travel with a group Traveling with friends or joining a group tour can help reduce costs by splitting expenses, such as accommodations, transportation, and meals. Group tours can also offer discounted rates on activities and attractions.

8. Seek out budget-friendly activities Iceland offers a wide range of budget-friendly activities, such as hiking, birdwatching, and exploring geothermal pools. Keep an eye out for free or low-cost events, such as cultural festivals, concerts, and art exhibitions.

Conclusion While Iceland can be an expensive destination, it's possible to enjoy this beautiful country on a budget with some careful planning and savvy choices. By following these expert tips, you can experience the best of Iceland without breaking the bank.


1. Can I hitchhike in Iceland? Hitchhiking is possible in Iceland and is generally considered safe. However, it's not always reliable due to the country's sparse population and variable weather conditions. Always be prepared with a backup plan and exercise caution when accepting rides.

2. Are there any budget airlines that fly to Iceland? Several budget airlines operate flights to Iceland, including EasyJet, Wizz Air, and Iceland's own low-cost carrier, PLAY. Compare prices and book in advance to secure the best deals.

3. Can I use my credit card for most purchases in Iceland? Credit cards are widely accepted in Iceland, even for small purchases. It's always a good idea to carry some Icelandic krona (ISK) for emergencies or when visiting remote areas with limited card acceptance.

4. Are there any student discounts available for attractions and activities in Iceland? Many attractions, museums, and tours in Iceland offer student discounts, so be sure to carry your student ID with you. Discounts can vary, so it's always a good idea to ask about student pricing when booking activities or purchasing tickets.

5. Is it possible to find cheap or free Wi-Fi in Iceland? Free Wi-Fi is widely available in Iceland, especially in Reykjavík. Many cafés, restaurants, and accommodations offer free Wi-Fi access for customers or guests. Additionally, public spaces, such as libraries and some bus stations, also provide free Wi-Fi. To save on data costs, consider using offline maps and downloading necessary information before your trip.

6. Are there any free walking tours in Reykjavík? Yes, there are free walking tours available in Reykjavík, which provide a great introduction to the city's history, culture, and main attractions. These tours operate on a tip-based system, so you can decide how much to contribute at the end of the tour based on your experience and budget.

7. Can I save money by buying an Iceland travel discount card? Several discount cards are available for purchase, such as the Reykjavík City Card or the Iceland Touring Card. These cards offer discounts on various attractions, activities, and transportation. Before purchasing a card, carefully review the benefits and compare them to your planned itinerary to determine if it's a cost-effective option for your trip.

2 views0 comments


Top Tours and Excursions

northern light tour.jpg

Northern Lights Small Group Tour with Hot Chocolate and Photos


15,990 ISK

katla ice cave tour.jpeg

Katla Ice Cave | Super Jeep from Vik


27,900 ISK

snaefellnes tour.jpeg

Snæfellsnes Peninsula in a small group tour with home-cooked meal included


27,990 ISK

south coast tour.jpeg

South Coast day tour in a small group


19,990 ISK

Whale watching tour.jpg

Reykjavík Classic Whale Watching


12,990 ISK

Golden circle tour.jpg

The Golden Circle & Friðheimar Greenhouse


10,999 ISK

Blue lagoon reykjavik tour.jpeg

Reykjavík - Blue Lagoon Premium including admission


22,699 ISK

puffin tour.jpeg

Reykjavík Classic Puffin Watching


7,990 ISK

bottom of page