
Planning a trip to Reykjavik and don’t know what to eat? Check out this post on the 10 best cheap eats in Reykjavik, Iceland!
As someone who is planning a trip to Reykjavik soon, I am completely in the dark about Icelandic cuisine. In fact, the only Icelandic food I’ve eaten so far in The States is skyr. Skyr is a thick, creamy Icelandic yogurt that has been a part of Icelandic cuisine for centuries. You can find them in any supermarket in Iceland as well as in the United States. My favorite brand of skyr for example is Siggi’s! It’s made from a famous Icelandic recipe that makes it rich in protein and fat.
However, the more I learn about Icelandic cuisine, the more I realized that the cost of food in Iceland is very expensive. In fact, an average meal in Reykjavik can be anywhere from $20 to $40 in total. So, if you’re planning to save money as you eat out in Reykjavik, you’ve come to the right place. This post alone highlights 10 of the best cheap eats in Reykjavik, Iceland.
Bæjarins Beztu Pylsur (best cheap eats in reykjavik)
Bæjarins Beztu Pylsur is a great cheap eat in Reykjavik, Iceland! Over there, it’s known as a small chain of hot dog stands that’s popular amongst tourists and locals. In fact, the hot dogs Bæjarins Beztu sells are usually lamb-based with beef and pork. They’re also served with a bun and a choice of condiments: ketchup, sweet mustard, remoulade, crisp fried onion, and raw onion. So, if you’re planning on visiting Bæjarins Beztu Pylsur for the first time in Reykjavik, I highly recommend it. One hot dog at a stand costs around $3.50.
Aktu Taktu (best cheap eats in reykjavik)

Aktu Taktu is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s known as the Icelandic version of McDonald’s in The States. On their menu, you can find a slew of burgers, sandwiches, salads, and other quick bites. So, if you’re planning on visiting Aktu Taktu for the first time in Reykjavik, I highly recommend it. The burgers are really good there in addition to the fries.
Reykjavík Chips (best cheap eats in reykjavik)

Reykjavik Chips is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s known for selling “chips” or “french fries” as a rich and flavorful snack. In fact, according to Fodors, the chips are cooked in the simple Belgian style as they’re offered with a range of tasty sauces and beverages. So, if you’re planning on visiting Reykjavik Chips for the first time in Reykjavik, I highly recommend it. The “chips” are surprisingly good and worth the hype.
Nonnabiti (best cheap eats in reykjavik)
Nonnabiti is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s known as a legendary sub shop where you can get the best sandwiches in town. In fact, according to Grapevine, Nonnabiti no longer has a location open in Downtown Reykjavik. So, if you’re interested in trying these legendary sandwiches, I highly recommend visiting the Nonnabiti in Kópavogur. On business days, it’s open from 11 am to 9 pm.
Saegrifinn (best cheap eats in reykjavik)
Saegrifinn is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s a seafood restaurant that’s known for serving some of the best lobster soup in the world. In fact, according to the restaurant, the lobster soup, and the grilled fish on a spear are their most signature dishes. So, if you’re planning on visiting Saegrifinn for the first time in Reykjavik, I highly recommend it. The seafood used in the restaurant is always fresh and it’s from the clear sea around Iceland.
Noodle Station (best cheap eats in reykjavik)
Noodle Station is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s known for being a family run company that sells a wide variety of noodle soups in Reykjavik and Hafnarfirði. In fact, according to the restaurant, the noodle soup at Noodle Station has been established as a national treasure amongst locals and visitors alike. So, if you’re planning on visiting Noodle Station for the first time in Reykjavik, I highly recommend it. The soup has three variations: chicken, beef and vegatables.
Brauð & Co (best cheap eats in reykjavik)
Brauð & Co is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s known as an artisan bakery that’s famous for its sourdough bread and buttery danish. In fact, according to the restaurant, they have managed to radically change the Icelandic bread and bakery market with an innovative and fresh approach. So, if you’re planning on visiting Brauð & Co for the first time in Reykjavik, I highly recommend it. Not only is the food really good, but the cinnamon buns are legendary!
Icelandic Street Food (best cheap eats in reykjavik)
Icelandic Street Food is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it’s a restaurant known for serving convenient and thriving food at a reasonable price. In fact, according to the restaurant, you can order a lot of cost-effective meals like Icelandic granny soup, lobster soup, seafood soup and fish and chips. So, if you’re planning on visiting Icelandic Street Food for the first time in Reykjavik, I highly recommend it. Not only is the food amazing, but it’s also made fresh to order.
Reykjavik Rost (best cheap eats in reykjavik)
Reykjavik Rost is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it is known as a coffee shop with a great selection of drinks. In fact, according to Tripadvisor, these drinks include Italian coffee from Lavazza, Keto Coffee, and Magic Mushrooms with Chaga and reishi mix. So, if you’re planning on visiting Reykjavik Rost for the first time in Reykjavik, I highly recommend it. Not only is the coffee great, but you can also treat yourself with the view.
Fish and Chips Vagninn (best cheap eats in reykjavik)

Fish and Chips Vagninn is another great cheap eat you can visit in Reykjavik, Iceland! Over there, it is known as a fish and chips restaurant that is located at the westernmost part of Reykjavik’s main harbor. In fact, according to the restaurant, the fish used in the meal comes from quality cod that is caught from the clear waters of Iceland. So, if you’re planning on visiting Fish and Chips Vagninn for the first time in Reykjavik, I highly recommend it. The fish and chips there are always prepared and cooked to perfection by traditional British methods.
Overall, I really hope you enjoyed this post on the 10 best cheap eats in Reykjavik, Iceland! Please let me know in the comments down below which place you would like to eat at the most! I would love to hear from you.
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