10 Cheap Places to Eat in Reykjavik!

This blog post has been in my drafts for so long and I have extra time today so might as well complete this post. lol

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Okay, so again Iceland is expensive but as with any other expensive city, there are still some cheap places to eat. We didn’t want to spend so much on food on our stay there so here are some of the food places in Reykjavik where we were able to eat affordable  (and some moderately priced) food! I listed them the order that we ate while we were in Iceland.

1. Subway (Laugavegur 86, 101 Reykjavík, Iceland)

I’m pretty sure Subway doesn’t need an introduction because it’s quite famous already especially in Western countries. There was a Subway store near our airbnb so our first meal in Iceland was actually a sub. It was so cold and we only went out to buy groceries on our first night so we just got a footlong to go and ate it in our apartment.

We paid ISK 1699 (USD 14) for a 12-inch sub. Although it’s only around USD 9.50 in the US, it was still well worth the price because both my boyfriend and I were so full after eating. To aid you in budgeting for your trip to Iceland, click here to view the menu of Subway Reykjavik along with its prices.


2. Noodle Station (Laugavegur 103, 101 Reykjavík, Iceland)

On our first full day in Iceland, we visited the Blue Lagoon. We were super hungry after that we decided to just eat at the Noodle Station. It’s located exactly where the Hlemmur Bus Stop is, which is where we got dropped off by our bus from the Blue Lagoon.


They have fairly cheap prices and you may add extra noodles, meat or vegetables as well. The soup definitely got us full. I would still prefer ramen over it but it was still very tasty. I had the Beef Noodle Soup and Vim had the Chicken Noodle Soup.




3. Icelandic Street Food (Lækjargata 8, 101 Reykjavík, Iceland)

If you’re super hungry and want to eat unlimited food, then Icelandic Street Food is the place for you. We super love the food here that we actually ate here twice.


The place was packed when we arrived. There was a long line but we were lucky that we were able to get a table right away. If all their tables are full, you may bring your food to the bar beside them (the red building) and eat there but it’s a little bit of a hassle to go back and forth the two establishments when getting a refill.

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They don’t have a lot of dishes in their menu but the best part about it is that you may buy one main dish and then you may ask for a refill and not only that, the refill may be another dish on their menu. So if you order a shellfish soup, you may ask for a refill of either the shellfish soup, the lamb soup or the fisherman’s favorite, for FREE.


Their rule is that no one should leave hungry. We were super full after!


They also give out free dessert. They just put out some treats on the counter and you can get as much as you like, for free. This I think is the most “sulit” place to eat in Reykjavik. Their shellfish soup has a lot of scallops and all that but one thing I would’ve wanted was for the soup to be a little more thick, like clam chowder thick. Their soup was a little runny but still delicious so it’s definitely still worth a try.



4. Hlemmur Mathöll – Laugavegur 107, 105 Reykjavík, Icelan

On our third full day in Iceland, my boyfriend & I got engaged!! We were all super tired from our glacier hike that day that we took a nap for a little bit before going to dinner. We looked for a place near our airbnb which serves wine so we went to Hlemmur Matholl. It was a few meters away from our airbnb and we pass by it a lot. Its super is intriguing  because of its glass walls. We can see the inside every time we pass by and a lot of people eat there.

Mathöll is actually ‘food hall’ in English so Hlemmur Mathöll is like a food court. It has a few restaurants inside. A lot of the restaurants weren’t serving food anymore when we arrived because it was late. I ordered my food from Kröst and it was great! I think I got salmon and my sister and Vim got the duck.


I can’t find the photos that I took of the menu that night but I got this one from Kröst’s facebook page. Just google translate it if you’re interested. loll I found their pricing quite affordable given that they’re a moderately priced restaurant.

Krost Menu

We ended the night with some wine. Skál!



5. Cafe Loki – Lokastígur 28, 101 Reykjavík, Iceland

On our fourth full day in Iceland, we didn’t get a group tour so we had the whole day to roam around Reykjavik by ourselves. My sister and her sister-in-law were flying back to Los Angeles that day so we just ate brunch before they left for the airport. Cafe Loki was recommended by various Iceland vlogs that I watched in youtube so we gave it a try. It’s located just across the famous Hallgrimskirkja Church.

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They are kinda moderately priced. Here’s their menu.


My sister got a bagel while Ting2 & I got the Pancake with cream & jam. I think Vim got the Flatbread with Smoked Lamb and it actually tasted a little weird. I haven’t tasted anything like that before but it was okay. Most vlogs recommend the Rye Ice Cream. Unfortunately, my sister was in a hurry to go to the airport so we did not have time to order that. Maybe next time!



6. Bæjarins Beztu Pylsur – Tryggvagata 1, 101 Reykjavík, Iceland

We had a whole day to roam around Reykjavik so we walked across town to eat the famous Icelandic Hotdog. It was a super long walk from our airbnb in Hlemmur but we had fun walking and going through small shops on the way. The hotdog stand is actually outdoor but there are tables and benches available.


This is probably one of the cheapest meals that you will be eating in Reykjavik. Their hot dogs are only ISK 450 each and it’s actually pretty tasty. It has a different taste than all the hotdogs that I’ve tasted before but it’s delicious. It’s definitely a must try when in Reykjavik!



7. Te & Kaffi

Hot drinks have been total lifesavers in our whole trip to Iceland. We were already walking for a few hours around the city and we could not take the cold anymore so we just chilled at this lokal Te & Kaffi shop. I had hot chocolate and Vim had coffee. It definitely helped us neutralize our body temperature. lol



8. Dirty Burger & Ribs – Austurstræti 18, 101 Reykjavík, Iceland

We initially planned on having dinner at Ramen Momo because it was super cold. We already walked for a few blocks only to find out that it was closed that day because their staff was having their Christmas party. We passed by this Ribs place on the way so we went back and decided to give it a try.


Vim had the small BBQ Ribs with fries and I had the 8-piece Chicken Wings. Everything tasted how it should be, just normal ribs and wings for me. I would still suggest eating here if you’re craving for ribs. 🙂



9. Mai Thai – Laugavegur 118, Reykjavík, Iceland

For my Asians, you should definitely try Mai Thai. It’s again super near our airbnb apt. It’s just a short walk away from Hlemmue Mathöll too. We thought that this was just a grocery store since it really is but they actually serve RICEEEE. <3<3<3 lol


My boyfriend and I do not eat a lot so we just ordered one stir fried chicken. The serving was actually a little huge so we got a little full after. I don’t suggest sharing for normal eating people though. It was super refreshing to eat rice again lol


They also offer free water so that’s definitely a plus.


And if you want to cook your own food in your airbnb apartment, they have a lot of Asian products in their grocery at the back. They even sell sacks of rice for all of us rice loversss. lol



10. Hlöllabatar – Raohustorgi 1 IngolfstorgiReykjavik 101, Iceland

We actually haven’t tried eating here. lol We just passed by their store and saw the price on their menu. I linked their tripadvisor page so that you can just read the reviews of other people who ate there. lol


These are just some of the affordable places to eat in Iceland and I’m sure there are still other affordable places to eat there. My #1 recommendation is definitely that you eat at Icelandic Street Food on your visit to Reykjavik. You will never go home hungry after eating there. Hopefully this helped you in planning your trip to Iceland! ❤

One thought on “10 Cheap Places to Eat in Reykjavik!

  1. Pingback: A Guide to First Time Visitors in Iceland | The Adventures of Ting Ting

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