Unlocking Reykjavik: Top Affordable Bars & Happy Hours

If you’re on the hunt for Reykjavik’s ultimate happy hour experience, look no further. With more than 50 bars boasting enticing daily deals, this guide highlights the city’s best budget-friendly venues—your perfect launchpad for an unforgettable night out in Iceland’s capital.

In Reykjavik, drinking transcends mere entertainment; it’s woven into the cultural fabric, best savored within cozy beer gardens and vibrant bars. Many of the best food and drink tours around town allow you to pair your beverages with local delicacies, ensuring an enriching dive into the city’s nightlife and culinary scene.

For a more interactive experience, consider joining a beer and schnapps walking tour led by knowledgeable locals. This offers not just drinks but a fascinating perspective on Iceland’s unique traditions surrounding alcohol.

Ready to immerse yourself in Reykjavik’s vibrant nightlife? The VIP Club through Guide to Iceland is your ticket to exclusive discounts and offers at numerous local bars and restaurants, making it easier to enjoy more of what the city has to offer without stretching your wallet.

Traveling on a budget? Don’t overlook the most affordable accommodations in Reykjavik, conveniently close to all the action.

Keep reading to uncover the top happy hour deals Reykjavik has to offer!

Dive into the city’s bar scene and discover a rich mix of classic pubs and trendy new spots.

Key Takeaways for Happy Hour in Reykjavik

Happy hour in Reykjavik is about more than just discounted drinks; it offers a gateway into the city’s spirited bar scene, all while being easy on your budget. Here’s a brief overview of why happy hour continues to capture the hearts of both locals and visitors:

• Attractive drink discounts: Many bars offer substantial discounts during happy hour, creating the perfect opportunity to indulge without overspending.

• Variety of venues: From warm, quaint pubs to stylish cocktail lounges, Reykjavik boasts many spots participating in happy hour, catering to diverse tastes.

• A boon for budget travelers: Given the high cost of drinks in Iceland, happy hour allows visitors to enjoy vibrant nightlife without breaking the bank.

• Central location: Most participating bars are situated in downtown Reykjavik, affectionately known as 101, nestled between Laugavegur and Austurstraeti.

With these insights into Reykjavik’s happy hour scene, let’s explore the best bars to enjoy this time-honored tradition, ranked from the most upscale to the most budget-friendly!

Note: While prices and currency conversions may change, rest assured that this guide is consistently updated to bring you the most accurate information available.

15. SKY Bar

Perched atop Center Hotels Arnarhvoll, SKY Bar boasts breathtaking panoramas of Reykjavik’s skyline, Faxafloi Bay, and Mount Esja. This sophisticated yet inviting rooftop lounge is equally perfect for an intimate date night or casual pre-dinner drinks.

With floor-to-ceiling windows and snug indoor seating, it’s an ideal spot to witness the ever-changing weather rolling in from the sea.

The bar offers an impressive menu of wines, sparkling refreshments, and creatively crafted cocktails, alongside a selection of local beers. Their snack menu features shareable plates such as sliders and fries—perfect for satisfying your appetite before dinner.

SKY Bar hosts two happy hours daily, meaning there’s no bad time to stop by. VIP Club members enjoy exclusive deals that make for an even more pleasant visit.

Things to Know Before You Visit SKY Bar

• Address: Ingolfsstraeti 1, 101 Reykjavik

• Happy Hours: Daily from 6 PM to 8 PM, with a later happy hour from 8 PM to 11 PM

• Happy Hour Offers: Beer for $7 (900 ISK), wine and prosecco for $9 (1,150 ISK), and cocktails for $13 (1,680 ISK)

• Google Rating: 4.4/5

• TripAdvisor Rating: 4/5

14. Kokteilbarinn

Part of the Monkeys Food & Wine Restaurant, Kokteilbarinn is celebrated as one of Reykjavik’s premier destinations for expertly crafted cocktails. The ambiance strikes a perfect balance between stylish and laid-back, featuring candlelit tables, eclectic decor, and a soulful indie playlist.

This venue is an ideal alternative for those looking to trade in beer for something a touch more sophisticated, without the stuffiness.

During happy hour, patrons receive a 25% discount on cocktails and select items from the cocktail menu. Their inventive drinks are sure to impress, especially the crowd-favorite champagne train, a shared bubbly experience that’s always a hit.

VIP Club members also gain access to exclusive deals, enhancing an already fantastic cocktail experience.

Things to Know Before You Visit Kokteilbarinn

Here are some quick details to help you plan your visit to this stylish cocktail bar:

13. Elly Bar

Nestled on Laugavegur Street, Elly Bar feels like a hidden gem you stumble upon and instantly want to make your regular haunt. The bar exudes a warm and inviting atmosphere, characterized by mismatched furnishings, whimsical lighting, and a mix of laid-back locals and curious visitors.

With an impressive cocktail menu and ten taps featuring Icelandic beers, Elly also offers a delectable selection of Mexican fare, including tacos, burritos, and nachos—making it easy to dine vegan in Reykjavik as well. During happy hour, prices remain reasonable, and in the evenings, the lively ambiance perks up with live music, karaoke, and even occasional piano sing-alongs.

VIP Club members are treated to substantial savings on both cocktails and beer, solidifying Elly Bar as one of the standout choices for enjoying a classy drink without draining your wallet.

Things to Know Before You Visit Elly Bar

Here are some quick details to help you plan your visit to this welcoming Reykjavik hangout:

12. 22 Bar

22 Bar stands out for its stylish decor and friendly vibe. Whether you’re enjoying a quiet night with friends or gearing up for a lively evening out, this bar delivers the perfect atmosphere.

Situated on Laugavegur Street, 22 Bar draws an eclectic crowd of both locals and travelers, promoting a vibrant and social environment. Regular live music events only enhance its appeal, making it a must-visit spot for anyone keen on experiencing Reykjavik’s nightlife.

Happy hour here features discounted beer, wine, and cocktails, positioning it as an excellent starting point before diving deeper into the city’s bar scene. VIP Club members are also treated to special savings on food, making it even more tempting to linger for a bite.

Things to Know Before You Visit 22 Bar

• Address: Laugavegur 22, 101 Reykjavik

• Happy Hours: Daily from 12 PM to 8 PM (beer and wine) and 5 PM to 9 PM (cocktails)

• Happy Hour Offer: Discounts on beer, wine, and cocktails

• Google Rating: 4.5/5

11. Prikid

A true local landmark, Prikid has been serving affordable drinks, vibrant hip-hop beats, and late-night burgers since 1951. By day, it feels like a relaxed café, reminiscent of an old-school diner—perfect for coffee or brunch.

As the sun sets, it morphs into a buzzing bar filled with both residents and tourists, and many regard it as one of the best spots for post-hangover recovery.

With an excellent value happy hour—especially if you’re after beer-and-burger combos—Prikid delivers a lively environment infused with friendly chatter, spirited music, and walls adorned with vintage posters and graffiti from Reykjavik’s past.

On Sunday nights, indulge in retro film screenings featuring old films paired with popcorn and drink deals for a chill conclusion to the weekend.

VIP Club members also enjoy generous discounts on both food and drinks, along with the occasional complimentary item to kick off their experience.

Things to Know Before You Visit Prikid Cafe

Here are some quick details to help you plan your visit to this iconic Reykjavik hangout:

10. Den Danske Kro

For incredibly affordable drinks, look no further than Den Danske Kro, a hearty favorite among locals that also extends exclusive discounts for Guide to Iceland’s VIP club members.

This pub boasts a wide range of beers, including many Icelandic classics. They also feature a cocktail menu that’s spot-on for Reykjavik’s fare, with regular discounts on Thursdays in addition to the usual happy hour specials.

Reflecting its roots, the interior design evokes an old Danish tavern, complete with wooden accents and friendly service. Live music often enlivens the atmosphere, ensuring guests feel welcome to join in the fun.

Things to Know Before You Visit Den Danske Kro

Here are some quick details to help you plan your visit to this local retreat:

9. Saeta Svinid

Saeta Svinid—translating to “The Sweet Pig”—is a delightful gastropub known for its upscale pub fare served within a quirky yet inviting atmosphere. When the rare Icelandic sun graces the sky, its outdoor seating area becomes a vibrant hub, perfect for feasting on delectable lamb sandwiches or burgers alongside refreshing drafts.

As evening approaches, Saeta Svinid transitions into a lively nightlife hotspot. While retaining its pub charm on higher floors, it offers a more energetic ambiance on the dance floor below.

This establishment also has a packed event calendar, hosting karaoke and bingo nights that have become staples in Reykjavik’s bar culture. VIP Club members can enjoy exclusive discounts on select days, making it a favored locale for both new and seasoned visitors.

Things to Know Before You Visit Saeta Svinid

Here are some quick details to help you plan your visit to this popular Reykjavik gastropub:

8. Litli Barinn

Litli Barinn, a cozy neighborhood hideaway just outside Reykjavik’s main downtown area, has quickly become a go-to for locals. Known for its enticing cocktails, curated wine selections, and delectable food—all affordably priced—it has turned casual visits into a beloved tradition.

The concept here is simplicity and accessibility, allowing for spontaneous drop-ins while offering nutritious meals that celebrate local ingredients. Regularly updated drink selections reveal the bar’s dedication to fresh and exciting options.

Guide to Iceland’s VIP Club members also receive exclusive discounts, making this quaint bar an essential stop for both dining and drinks.

Things to Know Before You Visit Litli Barinn

Here are some quick details to help you plan your visit to this inviting Reykjavik spot:

7. Skuli Craft Bar

For craft beer enthusiasts, Skuli Craft Bar is an indispensable destination. A favorite among beer lovers, it offers an expansive array of quality brews. The staff is well-equipped to guide you in picking the perfect beer to match your taste or introduce you to a new favorite.

During happy hour, take your pick from four rotating beers on tap or a glass of red or white wine at a discounted rate. VIP Club members enjoy benefits on other days as well, maximizing value.

Conveniently located just a five-minute walk from Ingolfstorg Square and Austurvollur Square, Skuli Craft Bar’s modern vibe makes it an inviting place to unwind with friends or savor a quiet moment over a quality beer. Outdoor seating is available for those fortunate enough to bask in pleasant weather!

Things to Know Before You Visit Skuli Craft Bar

Here are some quick details to help you plan your visit to this charming Reykjavik bar:

6. Kaldi Bar

Kaldi Bar, an undeniable pioneer in Iceland’s bar scene, revolutionized the nation’s approach to beer drinking. As a natural extension of the successful Kaldi Brewery, the bar has flourished into one of Reykjavik’s trendiest hangouts.

Located at the heart of the nightlife action, Kaldi Bar is always brimming with life—its bustling energy reflecting both local and visitor enthusiasm. Inside, you’ll find a welcoming ambiance that encourages you not to waste your opportunity to enjoy this vibrant bar.

True to its name, Kaldi serves a breadth of beers from the brewery, including the cherished Kaldi, well-loved among patrons. The bar’s compact interior belies its sizable heated outdoor area, perfect for enjoying the fresh Icelandic air, even during winter.

Things to Know Before You Visit Kaldi Bar

Here are some quick details to help you plan your visit to this trendy Reykjavik bar:

5. The Irishman Pub

If the festive energy of the Dubliner isn’t your scene, The Irishman Pub provides a more refined yet still lively experience. When it opened its doors, it effortlessly melded traditional Irish pub vibes with a modern twist.

Offering an extended happy hour, fair prices, and a fun wheel of fortune, The Irishman Pub seems to have all the essentials for a good night out. VIP Club membership translates into some exciting discounts on beers as well, drawing in a regular crowd during weekends.

Be mindful, though—live music reigns from Thursdays to Saturdays. For those who cringe at another rendition of “Wonderwall,” you might wish to consider your choice of destination.

Things to Know Before You Visit The Irishman Pub

Here are some quick details to help you plan your visit to this engaging Reykjavik Irish pub:

4. Lebowski Bar

If for some reason you’ve not seen *The Big Lebowski* in the last 20 years, we highly recommend doing so before visiting this unique bar. The Lebowski Bar immerses you in a setting that pays homage to the beloved film itself.

As a fan, you’ll find that this bar captures the film’s essence beautifully—from the decor featuring themed rugs to its very own 10-pin bowling alley along the bar’s wall.

Timeless classic hits like Kenny Rogers’s “Just Dropped In” and Bob Dylan’s “The Man in Me” set the scene, while you might also occasionally catch the Eagles warming up the atmosphere.

The detailed menu offers over 30 varieties of White Russian cocktails among other offerings. Be sure to check out this review of the Lebowski Bar for a more comprehensive look at what to expect.

With frequent events—from movie screenings to trivia nights—Lebowski Bar remains a popular destination, particularly during weekend evenings.

Highlight: You could even win ten free beers on the Spin the Wheel during happy hour!

Things to Know Before You Visit Lebowski Bar

Here are some quick details to help you plan your visit to this captivating Reykjavik bar:

3. Kiki Queer Bar

Kiki Queer Club proudly stands as Iceland’s sole current gay establishment, holding strong within Iceland’s “gayest corner” at Laugavegur 22. The club attracts a diverse crowd representing all ages, sexual orientations, and styles—a cherished destination on weekend nights.

Thanks to the country’s strong sense of safety, LGBT travelers can enjoy nightlife across Reykjavik without concerns. For deeper insights into local gay culture, check out our guide to gay Iceland.

Upon entering Kiki, you’ll quickly be swept up in its positive energy, dancing the night away to uplifting 80s tracks while sipping cocktails and mingling with fellow travelers.

VIP Club members can take advantage of exclusive cocktail discounts that enhance the excitement of their experience.

Things to Know Before You Visit Kiki Queer Club

Here are some quick details to help you plan your visit to this lively Reykjavik club:

2. The English Pub

Ah, The English Pub—a mainstay in Iceland’s bar culture. This unique interpretation of the classic English pub features a delightful outdoor seating area adjacent to Austurvollur Square. It’s an ideal locale for enjoying a draft beer at a discounted price through your VIP Club membership.

Football matches are often screened on television, and live music is a nightly occurrence. The pub encourages audacious musical requests and lively dancing, promising an energetic atmosphere throughout the week.

Famed for its 40 carefully curated premium ales, the founders spent years perfecting the selection, ensuring The English Pub enjoys a well-deserved reputation for its exceptional offerings.

Things to Know Before You Visit The English Pub

Here are some quick details to help you plan your visit to this lively Reykjavik establishment:

1. Bastard Brew & Food

At the top of our list, Bastard Brew & Food is celebrated for revolutionizing the drinking experience in the city and offering an unparalleled happy hour.

The bar boasts an array of fantastic drinks, including its own beers and inventive cocktails at budget-friendly prices during two daily happy hour slots.

If you’re feeling a bit peckish, the menu features delicious options like their famed warm pretzels paired with jalapeño cheese sauce—perfect to complement the drinks during happy hour, where you can enjoy $4 (510 ISK) off large drafts, draft cocktails, and wine by the glass.

Weekly specials include:

• Mondays: All-day happy hour

• Tuesdays: Tacos, Corona, and margaritas at special prices

• Wednesdays: $4 (510 ISK) off select gin and tonics

• Thursdays: $4 (510 ISK) off all cocktails

Joining Guide to Iceland’s VIP Club unlocks even greater savings at this relaxed gastropub, making it an ideal venue for any time of the day.

Bastard Brew & Food also features a cozy outdoor seating area, perfect for enjoying the elements, while an upstairs darts area invites a little friendly competition.

Check out this review of Bastard Brew & Food for more information and tips on visiting.

Things to Know Before You Visit Bastard Brew & Food

Here are some quick details to help you plan your visit to this welcoming Reykjavik hangout:

Happy Hour Reykjavik Tips and Late-Night Drinking Culture

If you aim to prolong your time at the bars, be aware that prices tend to double after happy hour. However, many will argue that the cost becomes trivial with each subsequent pint—after all, who can quantify the price of six shots of Jager?

It’s important to clarify that happy hour truly is the best time to hit the bars for value.

But if you’re after a more raucous Friday or Saturday night, keep in mind that many Icelanders prefer to avoid the pricier downtown options and typically venture out later in the evening.

If you’d rather emulate the locals but still wish to enjoy an evening drink, consider heading to Vinbudin, the state-run liquor store.

Perceptions of Vinbudin are mixed; while it fills a critical niche, it’s worth noting that you can only buy liquor through state-run stores in Iceland—not at local shops or supermarkets (unless you count 2.25% beer, which likely wouldn’t suffice).

This makes Vinbudin the sole choice for those wishing to stock up for a cozy night at home, so it’s prudent to be mindful of their hours: usually open from 11:00 to 18:00, with a few stores staying open until 20:00. Note also that all Vinbudin outlets are closed on Sundays, requiring an outing on that day if you wish to enjoy a drink.

On the subject of unique beverages, be sure to try Brennivín, an Icelandic unsweetened schnapps that translates to “burned wine” and earns the nickname “Black Death.” This label, initially meant to deter consumption, has ironically helped it become one of the nation’s most popular spirits, typically enjoyed with fermented shark, or hárkarl.

Tip: We recommend taking part in this 1-hour Eimverk Distillery tour, where you can sample Icelandic whiskey, gin, and Brennivín for an unforgettable experience.

Interestingly, beer wasn’t legalized in Iceland until 1989, after a ban lasting over seventy years. To celebrate this milestone, locals instituted Beer Day on March 1st, and today beer reigns as Iceland’s favorite libation. Be sure to explore Reykjavik’s top bars for craft beers, which include popular choices like Gull, Brio, Viking Lager, and many others.

We suggest opting for a beer platter to ensure you don’t miss any of the local varieties. Here’s to your successes, the adventures that await, and the joy of happy hour itself!

FAQs About Happy Hour in Reykjavik

Here are some frequently asked questions regarding happy hour in Reykjavik:

What time is happy hour in Reykjavik?

Happy hours in Reykjavik typically commence around 15:00 and wrap up by 19:00, although individual bar timings may vary. Some venues might kick things off a bit earlier or extend them later in the evening, so it’s advisable to check each establishment before planning a bar crawl.

What is the Happy Hour app in Iceland?

The Appy Hour app serves as a valuable resource for discovering happy hour deals in Reykjavik, providing listings of bars that offer discounts, current prices, and real-time updates on running deals—particularly useful for those bouncing around the city’s nightlife.

Can I wear jeans to happy hour in Reykjavik?

Absolutely. Most bars in Reykjavik embrace a laid-back vibe, so jeans are perfectly acceptable for happy hour. Unless you plan on heading somewhere more upscale later in the evening, you can dress comfortably.

What are the best happy hour bars in Reykjavik?

Top contenders for the best happy hour in Reykjavik include Lebowski Bar for a retro atmosphere and attractive deals, Kaldi Bar for craft brews, The English Pub for lively music and ambiance, and Kiki’s for a playful experience.

Each venue features its own unique discounts, making them an ideal destination for an affordable night out in the city.

Discovering the Best of Reykjavik: From Happy Hour to Drink Tours

Exploring happy hour in Reykjavik not only offers an excellent way to experience the city’s nightlife but also saves you money. The range of cozy pubs, vibrant bars, and stylish cocktail lounges ensures there’s something for everyone.

Capitalizing on happy hour deals is a delightful way to unwind after a busy day of sightseeing. For a more immersive experience, consider indulging in enticing food and drink tours. We highly recommend the microbrewery and distillery tour featuring tastings and an insider’s look at brewing practices.

If you’re seeking a more personalized experience, participants can check out a microbrewery, distillery, and beer-tasting tour from Reykjavik, which includes visits to Malbygg Microbrewery and RVK Brewing—two of Iceland’s finest breweries. These guided experiences present the perfect opportunity to savor authentic Icelandic beverages while learning about the country’s brewing heritage.

Have you experienced happy hour in Reykjavik? Which bars would you recommend to fellow travelers? Share your insights in the comments, and let us know your favorite spots!