5 Money Saving Tips for Traveling in Iceland

Yes, you can enjoy Iceland on a budget!

Jewells Chambers

Jewells Chambers

Iceland

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Even though Iceland is more expensive than some other places in the world, budget conscious travelers can still have an epic time. So, let's dive right in and uncover five savvy ways to make the most of your Icelandic adventure while keeping your wallet happy.

  1. Embrace the Shoulder Seasons: One of the best ways to save money in Iceland is by planning your trip during the shoulder seasons. These are the months just before and after the peak tourist season. By avoiding the summer months of June to August, you'll not only enjoy fewer crowds but also find significantly lower prices on accommodations, flights, and activities. Consider visiting in early April or September when the weather is still mild, and you can witness the stunning Northern Lights in autumn.

  2. Opt for Budget Accommodations: While Iceland offers a range of luxurious accommodations, there are plenty of budget-friendly options to consider. Explore guesthouses, hostels, or even campsites, which are abundant throughout the country. Sharing a room or booking a dormitory in a hostel can significantly reduce your accommodation expenses. Plus, you'll have the opportunity to meet fellow travelers and exchange valuable tips and stories!

  3. Dine Like a Local: Eating out in Iceland can be quite pricey, but there are clever ways to savor Icelandic cuisine without breaking the bank. Instead of dining exclusively at restaurants, head to local grocery stores or supermarkets to stock up on quick bites or meals on the go. Look out for the iconic Icelandic hot dog stands, cozy cafes, and small bakeries offering delicious snacks at more affordable prices. Don't forget to indulge in the national delicacy – a hearty bowl of traditional Icelandic lamb soup!

  4. Get Around Smartly: Transportation costs can add up quickly, but with a little planning, you can navigate Iceland's vast landscapes without draining your budget. Consider renting a car or campervan if you're traveling with a group or prefer the freedom of independent exploration. To save even more on renting a car, use my code iceland10 to get 10% off when renting with Go Car Rental Iceland or iceland7 to save 7% off and get two free duvets when you rent a camper van with Go Campers . Splitting the costs among fellow travelers can make it more affordable. Another option is utilizing Iceland's well-connected bus network, which offers budget-friendly passes for various regions.

  5. Seek Natural Wonders for Free: Iceland is renowned for its natural wonders, and the best part is that many of them are absolutely free! Marvel at the majestic waterfalls such as Gullfoss and Seljalandsfoss, explore black sand beaches like Reynisfjara, or soak in the geothermal hot springs such as the famous Blue Lagoon or the lesser-known, budget-friendly Secret Lagoon. Hiking trails, national parks, and geothermal areas like the Geysir Geothermal Field offer countless opportunities for free or low-cost exploration, ensuring you can experience Iceland's unparalleled beauty without breaking the bank.

Remember, budget travel doesn't mean compromising on experiences. With these money-saving tips, you'll have the chance to uncover Iceland's wonders while keeping your finances intact.

Looking for things to do?

Go check out my guide for the best free things to do as well as itineraries and travel tips to make your trip unforgettable.

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