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Introduction

Traveling is a passion for many Icelanders. Living in a country surrounded by the North Atlantic Ocean is a blessing in itself, but the high cost of living in Iceland often makes locals crave affordable adventures abroad. Whether it’s strolling through charming medieval towns, basking under the Mediterranean sun, or exploring Eastern Europe’s hidden gems, finding budget-friendly travel destinations is always on the top of the list.

Since Iceland is not the cheapest country to live in, travelers here are always on the lookout for cheaper alternatives where their money can stretch further. The good news? There are plenty of affordable countries just a short flight away from Reykjavík, where Icelanders can enjoy rich cultures, stunning landscapes, and unforgettable experiences without breaking the bank.

This guide highlights the 15 cheapest countries to visit from Iceland. From budget-friendly cities in Eastern Europe to sun-kissed Mediterranean beaches, you’ll discover where you can get the best value for your money. We’ll also share travel tips, cost-saving hacks, and details on food, accommodation, and transportation to make your journey smooth and affordable.

Factors That Make a Country Cheap for Icelandic Travelers

Before diving into the list, it’s important to understand what makes some countries cheaper than others. Iceland’s strong currency and relatively high wages mean that in many places abroad, money goes a long way. Here are the main factors that determine affordability:

1. Currency Exchange Rates – Countries where the Icelandic króna has strong purchasing power automatically feel cheaper. For example, in Eastern Europe and the Balkans, your money stretches far more than in Western capitals like London or Paris.
2. Flight Costs from Keflavík International Airport – The price of getting there matters. Luckily, budget airlines like Wizz Air, Play, and Ryanair often run cheap routes from Reykjavík to cities like Kraków, Budapest, and Riga. Booking in advance can save even more.
3. Accommodation Costs – In some countries, you can get a cozy Airbnb or hostel bed for as little as €10–15 per night. Compare that to Iceland’s hotel rates, and the difference is huge.
4. Food & Drink Prices – Iceland is one of the most expensive places in the world for dining out. In contrast, a three-course meal in Budapest or Kraków may cost less than a simple burger in Reykjavík.
5. Transportation & Attractions – Affordable public transport, free walking tours, and inexpensive entry tickets make traveling more budget-friendly.

When you combine these factors, it’s clear why some countries consistently rank as cheap destinations for Icelandic travelers.

1. Poland – Affordable Charm in Eastern Europe

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Poland is one of the absolute best budget destinations for Icelanders. Not only are flights to cities like Kraków, Warsaw, and Gdańsk often among the cheapest from Reykjavík, but once you arrive, everything from food to accommodation is surprisingly affordable.

• Flights: Low-cost carriers frequently offer tickets under €50 one-way from Iceland.
• Accommodation: Hostels and guesthouses start from €10–15 per night, while nice mid-range hotels cost around €40–60.
• Food: A hearty Polish meal, such as pierogi (dumplings) or bigos (hunter’s stew), costs as little as €5–7 in local restaurants.

Poland also offers a variety of experiences that make it appealing to different types of travelers. Kraków is famous for its medieval Old Town and lively nightlife. Warsaw blends modern skyscrapers with historical sites, while Gdańsk charms visitors with its seaside atmosphere.

The cost of public transportation is also extremely cheap—metro, buses, and trams usually cost around €1 per ride. Activities like visiting castles, museums, and UNESCO World Heritage sites are often free or very affordable. For Icelanders used to paying high prices at home, Poland feels like a travel paradise where every euro goes further.

Pros of Traveling to Poland

• Budget-friendly: Food, transport, and hotels are significantly cheaper than Western Europe.
• Historic charm: Explore Kraków’s Old Town, Warsaw’s modern-meets-historic vibe, and Gdańsk’s port city atmosphere.
• Diverse attractions: Castles, mountains, lakes, and vibrant cities.

Cons of Traveling to Poland

• Winters are harsh and may limit outdoor sightseeing.
• Some attractions (like Auschwitz) can feel heavy and emotional for visitors.

Average Costs in Poland

• Flights from Reykjavik to Kraków or Warsaw: Starting at $200 one-way with low-cost carriers.
• 10 BEST Cheap Hotels in Krakow : From $63/night.
• Meals: Local restaurants $4–$6, street food under $3.

✈️ Low-cost flights from Reykjavik to Kraków, Warsaw, and Gdańsk – book today!
🏨 Stay in central Kraków hostels from $63/night.

2. Portugal – Sun, Beaches, and Budget Adventures

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If you dream of sunshine, sandy beaches, and delicious food without spending a fortune, Portugal is a great choice. From Reykjavík, you can often find affordable flights to Lisbon, Porto, or Faro. While Western Europe is generally pricier than Eastern Europe, Portugal is an exception—it remains one of the most budget-friendly destinations in the region.

• Flights: Expect to pay €100–150 round trip if booked in advance.
• Accommodation: Budget hotels and hostels cost €15–25 per night, while guesthouses are plentiful and affordable.
• Food: Portugal is famous for its seafood, and a filling meal with wine can cost as little as €8–12.

Lisbon offers colorful streets, historic trams, and lively nightlife, while Porto is known for its charming riverside and wine cellars. If you’re after a beach holiday, the Algarve region has stunning golden coastlines with affordable seaside stays.

Another great advantage for Icelanders is that Portugal has relatively cheap public transport, with buses and trains connecting all major cities. Whether you’re sipping coffee in a Lisbon café, exploring medieval castles, or sunbathing by the ocean, Portugal offers incredible value for money.

Pros of Traveling to Portugal

• Cheap seafood & wine: Delicious meals at budget-friendly prices.
• Scenic variety: Lisbon’s charm, Porto’s riverside beauty, and Algarve’s beaches.
• Rich culture: Fado music, tile-covered streets, and historic castles.

Cons of Traveling to Portugal

• Some touristy coastal towns can feel overcrowded in summer.
• Prices in Lisbon have increased due to popularity.

Average Costs in Portugal

• Flights from Reykjavik to Lisbon or Porto: Around $120–$150 one-way.
• Hostels: From $15/night.
• Meals: $6–$8 for sit-down meals, $3–$4 for street food.

✈️ Cheap flights to Lisbon and Porto from Iceland – grab your seat now!
🏨 Stay in affordable Lisbon hostels starting at $15/night.

3. Hungary – Budapest on a Budget

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Hungary, especially Budapest, is another hotspot for Icelandic travelers seeking affordability. Known as one of the most beautiful cities in Europe, Budapest combines stunning architecture, thermal spas, and buzzing nightlife—all at very low costs.

• Flights: Wizz Air and Play often run cheap routes to Budapest, with round-trip tickets starting around €70–100.
• Accommodation: Hostels start from €10, while decent hotels cost about €40–50.
• Food: A full meal in a restaurant costs €6–10, and a pint of beer is only €1–2—unthinkable compared to Iceland!

One of Budapest’s most unique attractions is its famous thermal baths. You can relax in historic spa complexes for less than €10. The city is also packed with “ruin bars”—quirky pubs set inside abandoned buildings—that are both affordable and atmospheric.

Public transport in Budapest is very cheap, and walking through the city’s districts gives a rich cultural experience. For Icelanders used to paying sky-high prices for entertainment and dining, Hungary feels like a breath of fresh air.

Pros of Traveling to Hungary

• Thermal baths: Affordable entry to famous spas like Széchenyi.
• Nightlife: Unique ruin bars and affordable drinks.
• Architecture & history: From the Parliament to Buda Castle, sightseeing is budget-friendly.

Cons of Traveling to Hungary

• Budapest gets very crowded in peak season.
• Outside of Budapest, English may not be widely spoken.

Average Costs in Hungary

• Flights from Reykjavik to Budapest: Around $110–$160 one-way.
• Hostels: Starting at $13/night.
• Meals: $5–$7 for sit-down meals, $2–$3 for snacks.

✈️ Book Reykjavik to Budapest flights at low prices – search now!
🏨 Stay in Budapest hostels from $13/night near city attractions.

4. Spain – Affordable Sunshine Getaway

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Spain is one of the most popular travel destinations in Europe, and luckily for Icelanders, it’s also one of the cheapest when compared to the country’s cost of living. With frequent low-cost flights to Barcelona, Madrid, and Málaga, Spain is an easy and affordable getaway.

• Flights: Budget airlines often offer return tickets for under €120.
• Accommodation: Hostels cost around €15, while budget hotels start from €40 per night.
• Food: Tapas and local meals can be enjoyed for €8–12, while wine and beer are incredibly cheap.

Spain’s appeal lies in its variety. Whether you want the culture and museums of Madrid, the beaches of Costa del Sol, or the nightlife of Barcelona, Spain offers something for every traveler. The country also has one of the best rail networks in Europe, making it easy to travel around on a budget.

Even in touristy cities, you can find affordable food by dining where locals eat. Add in free walking tours, vibrant festivals, and affordable day trips, and you’ll see why Spain remains a favorite for budget travelers from Iceland.

Pros of Traveling to Spain

• Cheap tapas & food markets: Meals for as little as $3–$5.
• Variety of experiences: Barcelona’s modernist charm, Madrid’s cultural treasures, and Andalusia’s Moorish architecture.
• Sunny weather: Ideal for outdoor exploring nearly year-round.

Cons of Traveling to Spain

• Popular cities like Barcelona can be more expensive.
• Tourist areas can be crowded during summer.

Average Costs in Spain

• Flights from Reykjavik to Madrid or Barcelona: $120–$170 one-way.
• Hostels: From $15/night.
• Meals: Tapas plates for $2–$4, sit-down meals $8–$12.

✈️ Direct flights to Barcelona and Madrid from Reykjavik – book today!
🏨 Stay in central Madrid hostels starting at $20/night.

5. Czech Republic – Prague’s Affordable Wonders

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Prague, the capital of the Czech Republic, is a dream destination for travelers who want medieval charm without the high price tag. Icelanders will love how budget-friendly this city is compared to Western Europe.

• Flights: Direct flights to Prague are often available for around €100.
• Accommodation: Hostels are cheap at €12–15, and hotels range from €35–60.
• Food: Traditional Czech meals cost about €6–10, and the country is famous for its cheap beer—sometimes less than €1 a pint!

Prague is filled with historic attractions: Charles Bridge, Prague Castle, Old Town Square, and Astronomical Clock. Many of these sights are free to explore, making sightseeing easy on the wallet.

Public transport is also inexpensive and reliable. Trams, buses, and the metro make it easy to get around without spending much. Add in Prague’s lively nightlife and rich culture, and you’ll see why it’s a top budget-friendly choice for Icelanders.

Pros of Traveling to Czech Republic

• Affordable beer & food: Some of the cheapest in Europe.
• Scenic cityscapes: Charles Bridge, Prague Castle, and the Astronomical Clock.
• Cultural experiences: Affordable museums, concerts, and opera.

Cons of Traveling to Czech Republic

• Prague is touristy and crowded in summer.
• Accommodation prices in the city center are rising.

Average Costs in Czech Republic

• Flights from Reykjavik to Prague: Starting from $110–$150 one-way.
• Hostels: From $12/night.
• Meals: Local meals from $5–$7, beer often under $2.

✈️ Budget flights from Reykjavik to Prague – compare now!
🏨 Stay in Prague hostels from just $12/night.

6. Greece – Affordable History and Beaches

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Greece is one of those countries that combines history, sunshine, and affordability, making it a fantastic choice for Icelanders. Although some Greek islands can be pricey in peak summer, many destinations remain budget-friendly if you plan smartly.

• Flights: Reykjavík to Athens or Thessaloniki is often available for €120–180 return, especially with early bookings.
• Accommodation: Hostels in Athens cost €15–20 per night, while guesthouses and Airbnbs range from €30–50.
• Food: Greek cuisine is famously cheap and delicious. A souvlaki or gyros wrap costs around €2–3, while a full meal with drinks is €8–12.

Athens is a treasure trove of history, with landmarks like the Acropolis and Parthenon. While entry fees can be around €10–20, many smaller sites and museums are free or discounted. For those craving sun and sand, islands like Crete, Rhodes, and Naxos offer cheaper alternatives compared to Santorini or Mykonos.

Transportation in Greece is also affordable. Buses and ferries connect most regions, making island-hopping accessible even on a budget. For Icelanders seeking warmth, beaches, and culture without spending a fortune, Greece is an excellent pick.

Pros of Traveling to Greece

• Historic sites: Affordable entry to the Acropolis, Delphi, and Olympia.
• Island life on a budget: Lesser-known islands like Naxos or Paros are cheaper than Santorini or Mykonos.
• Food value: Gyros, souvlaki, and moussaka are filling and budget-friendly.

Cons of Traveling to Greece

• Some islands are expensive in peak summer.
• Tourist traps in Athens and Santorini can inflate costs.

Average Costs in Greece

• Flights from Reykjavik to Athens: Around $150–$200 one-way.
• Hostels: From $16/night.
• Meals: Street food from $3–$5, sit-down meals $8–$12.

✈️ Find flight deals to Athens and Greek islands – book today!
🏨 Stay in Athens hostels from $16/night, near the Acropolis.

7. Lithuania – A Baltic Gem on a Budget

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Lithuania, one of the three Baltic states, is often overlooked but deserves a spot on any budget traveler’s list. With cheap flights from Reykjavík to Vilnius, Lithuania is both affordable and culturally rich.

• Flights: Return tickets to Vilnius can cost as little as €80–120.
• Accommodation: Hostels average €12–18, while comfortable hotels start from €35.
• Food: Traditional Lithuanian meals, such as cepelinai (potato dumplings), cost about €5–7.

Vilnius, the capital, is full of cobblestone streets, baroque churches, and a lively café culture. The Old Town is a UNESCO World Heritage site, and many attractions are free to explore. Nightlife is also affordable, with local beers priced at around €2–3.

Transportation within Lithuania is extremely cheap, with buses and trains connecting cities like Kaunas and Klaipėda. For nature lovers, the Curonian Spit offers sandy beaches and beautiful national parks. For Icelanders, Lithuania offers a mix of history, relaxation, and affordability.

Pros of Traveling to Lithuania

• Cheap flights & stays: Ideal for backpackers.
• Culture-rich cities: Vilnius and Kaunas offer historic streets, castles, and lively markets.
• Affordable nightlife: Drinks, clubs, and entertainment are cheap compared to Western Europe.

Cons of Traveling to Lithuania

• Winters are cold and less appealing for sightseeing.
• Limited direct flights compared to major destinations.

Average Costs in Lithuania

• Flights from Reykjavik to Vilnius: Starting from $130–$170 one-way.
• Hostels: From $11/night.
• Meals: Local meals $4–$6, beer often under $2.

✈️ Cheap flights to Vilnius from Iceland – search now!
🏨 Stay in Vilnius old-town hostels from $11/night.

8. Latvia – Budget-Friendly Riga and Beyond

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Right next door to Lithuania is Latvia, another Baltic country where your Icelandic króna stretches far. Riga, the capital, is only a short flight from Reykjavík and offers a mix of medieval charm and modern vibrancy.

• Flights: Budget airlines frequently sell tickets for €70–100 round trip.
• Accommodation: Hostels cost €12–15, while budget hotels range between €30–45.
• Food: A local restaurant meal is usually €6–10, while street food is even cheaper.

Riga’s Old Town is full of gothic architecture, cozy cafés, and bustling nightlife. Many museums and attractions are affordable, and some even free on certain days. The city is also famous for its Art Nouveau buildings, which can be admired just by walking around.

Beyond Riga, travelers can explore Jurmala’s sandy beaches or take budget day trips to Sigulda’s castles. With excellent public transportation and cheap intercity buses, Latvia is easy to explore without breaking the bank.

Pros of Traveling to Latvia

• Affordable accommodation: Riga has cheap hostels and boutique hotels.
• Food & drink: Local meals are filling and inexpensive.
• Cultural mix: A blend of medieval history, Soviet influence, and modern vibes.

Cons of Traveling to Latvia

• Weather can be unpredictable, especially in shoulder seasons.
• Smaller towns have limited tourist infrastructure.

Average Costs in Latvia

• Flights from Reykjavik to Riga: $120–$160 one-way.
• Hostels: From $12/night.
• Meals: Budget meals $5–$7, street food under $3.

✈️ Book budget flights from Iceland to Riga today!
🏨 Stay in Cheap Riga hostels from $12/night near the Old Town.

9. Estonia – Tallinn’s Affordable Fairytale Vibe

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Estonia is another Baltic gem that feels like stepping into a medieval fairytale. Tallinn, the capital, has a beautifully preserved Old Town that looks straight out of a storybook. For Icelanders, it’s both affordable and close enough for a short, budget-friendly getaway.

• Flights: Round trips to Tallinn typically cost €90–130.
• Accommodation: Hostels start at €13, while mid-range hotels are around €40–55.
• Food: Dining out is cheap, with meals averaging €6–12.

Tallinn’s Old Town is full of cobbled streets, towers, and medieval walls. Many attractions are free to enjoy, and the city has a strong café and craft beer culture. Estonia also has beautiful forests and seaside areas for those who want a nature escape.

Public transportation is affordable, but Tallinn is very walkable. Budget travelers will find it easy to keep costs low while enjoying rich cultural experiences.

Pros of Traveling to Estonia

• Medieval charm: Tallinn’s old town is a UNESCO site and very walkable.
• Affordable dining: Cafés and local restaurants are cheap.
• Nature access: National parks and Baltic Sea escapes nearby.

Cons of Traveling to Estonia

• Winters are cold and dark, limiting outdoor activities.
• Tourism has grown, slightly increasing prices in Tallinn.

Average Costs in Estonia

• Flights from Reykjavik to Tallinn: $130–$180 one-way.
• Hostels: From $13/night.
• Meals: $5–$8 for local dishes, $2–$3 for snacks.

✈️ Budget flights from Reykjavik to Tallinn – compare fares now!
🏨 Stay in Cheap Tallinn hostels from just $13/night.

10. Bulgaria – Cheap Black Sea Escapes

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Bulgaria is one of Europe’s most underrated yet affordable destinations. Whether you want a beach holiday on the Black Sea or a cultural trip through Sofia, Bulgaria offers excellent value for money.

• Flights: Return flights to Sofia or Varna usually cost €120–160.
• Accommodation: Hostels start at €10–12, while hotels cost around €30–50.
• Food: A restaurant meal costs €5–8, and street food is even cheaper.

Sofia, the capital, is filled with history, vibrant nightlife, and affordable restaurants. Along the coast, resorts like Sunny Beach and Varna provide budget-friendly seaside getaways. During winter, Bulgaria is also an excellent destination for cheap skiing compared to the Alps.

Transportation is inexpensive, with buses and trains connecting major cities. For Icelanders, Bulgaria offers a unique mix of history, beaches, and affordability that makes it a strong contender for a budget holiday.

Pros of Traveling to Bulgaria

• Low costs: Accommodation, food, and transport are among Europe’s cheapest.
• Variety: Black Sea beaches, ski resorts, and Sofia’s cultural attractions.
• Great for digital nomads: Affordable long-term stays.

Cons of Traveling to Bulgaria

• English may not be widely spoken outside tourist areas.
• Infrastructure in rural areas can be basic.

Average Costs in Bulgaria

• Flights from Reykjavik to Sofia or Varna: Around $140–$180 one-way.
• Hostels: Starting at $10/night.
• Meals: $4–$6 for local food, $1–$2 for street snacks.

✈️ Find cheap flights to Sofia and Varna today!
🏨 Stay in Varna hostels by the beach from $10/night.

11. Romania – Affordable Castles and Culture

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Romania is a dream for travelers who love history, castles, and stunning landscapes—all at very affordable prices. For Icelanders, it’s one of the cheapest Eastern European destinations with incredible value for money.

• Flights: Reykjavík to Bucharest can cost around €120–170 round trip with low-cost airlines.
• Accommodation: Hostels start at €10–15, while hotels are often €30–45 per night.
• Food: A full meal costs €6–9, and street food is even cheaper.

Bucharest, Romania’s capital, offers wide boulevards, historical landmarks, and lively nightlife. However, the real charm of Romania lies in its countryside. Transylvania is filled with medieval towns, breathtaking mountains, and, of course, Bran Castle—famous as “Dracula’s Castle.”

Public transportation and intercity travel are very cheap. Trains and buses connect most towns, and budget tours to castles and villages are widely available. Romania is also great for nature lovers, with the Carpathian Mountains offering affordable hiking and skiing options.

For Icelanders seeking a mix of folklore, culture, and stunning scenery, Romania provides an unforgettable budget-friendly experience.

Pros of Traveling to Romania

• Castles & culture: Bran Castle, Peleș Castle, and Transylvanian villages.
• Low costs: Some of the cheapest accommodation and meals in Europe.
• Natural beauty: Carpathian Mountains and the Danube Delta.

Cons of Traveling to Romania

• Public transport can be slow and outdated.
• Infrastructure in rural areas isn’t as developed.

Average Costs in Romania

• Flights from Reykjavik to Bucharest: Around $140–$180 one-way.
• Hostels: Starting at $11/night.
• Meals: $4–$6 for local meals, beer often $1–$2.

✈️ Cheap flights to Bucharest from Iceland – book today!
🏨 Stay in Bucharest hostels from $11/night.

12. Turkey – A Mix of Europe and Asia at Low Cost

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Turkey is a unique destination that straddles two continents, offering a rich blend of cultures, history, and landscapes. For Icelanders, it’s also one of the most affordable holiday spots outside the European Union.

• Flights: Direct and connecting flights to Istanbul often range between €150–200 round trip.
• Accommodation: Hostels can be found for €12–15, while mid-range hotels cost €30–50.
• Food: Turkish food is delicious and cheap—kebabs, pide (Turkish pizza), and baklava often cost €2–5 per serving.

Istanbul itself is a treasure chest of attractions, from the Hagia Sophia to the Grand Bazaar. Many sites are either free or cost less than €10 to visit. Beyond Istanbul, coastal towns like Antalya and Bodrum provide budget-friendly beach escapes.

Transportation is cheap, with buses, ferries, and even domestic flights priced affordably. For Icelanders looking for both culture and sunshine, Turkey offers an unbeatable value.

Pros of Traveling to Turkey

• Affordable food: Kebabs, meze, and street food are very cheap.
• Rich history: Hagia Sophia, Cappadocia, and Pamukkale.
• Beautiful beaches: Antalya and Bodrum offer budget-friendly resorts.

Cons of Traveling to Turkey

• Tourist scams are common in major cities.
• Summer can get extremely hot.

Average Costs in Turkey

• Flights from Reykjavik to Istanbul: $160–$200 one-way.
• Hostels: From $12/night.
• Meals: $3–$5 for street food, $8–$10 for restaurant meals.

✈️ Book affordable flights to Istanbul from Reykjavik now!
🏨 Stay in Budget Istanbul hostels from $12/night close to the Grand Bazaar.

13. Slovakia – Underrated and Affordable

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Slovakia is often overlooked in favor of its neighbors, but it’s one of Europe’s most budget-friendly gems. Small in size yet rich in culture and nature, Slovakia is perfect for Icelanders wanting to avoid tourist crowds while keeping costs low.

• Flights: Return flights to Bratislava are often under €120.
• Accommodation: Hostels average €12–15, and hotels are around €30–45.
• Food: A hearty Slovak meal costs €5–8, with cheap local beer for €1–2.

Bratislava, the capital, is charming and compact, with affordable attractions like Bratislava Castle and the Old Town. Outside the city, Slovakia is home to the High Tatras mountains—perfect for budget hiking and skiing trips.

Public transportation is cheap, and the country’s small size makes it easy to explore. Slovakia is a hidden gem for Icelanders looking for affordable culture, nature, and relaxation.

Pros of Traveling to Slovakia

• Cheap outdoor adventures: Hiking in the High Tatras is low-cost compared to the Alps.
• Affordable food: Traditional meals are filling and cheap.
• Less crowded: Fewer tourists than neighboring countries like Austria or Hungary.

Cons of Traveling to Slovakia

• Limited flight connections from Reykjavik.
• Smaller towns have fewer English speakers.

Average Costs in Slovakia

• Flights from Reykjavik to Bratislava (via connections): Around $150–$190 one-way.
• Hostels: From $12/night.
• Meals: $4–$6 for local dishes, $2–$3 for snacks.

✈️ Budget travel from Iceland to Bratislava – book cheap flights today!
🏨 Stay in Bratislava hostels from $12/night near the Old Town.

14. Croatia – Affordable Adriatic Coastline

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Croatia has grown in popularity thanks to its stunning Adriatic coastline, medieval towns, and national parks. While Dubrovnik can be expensive, many other Croatian destinations are budget-friendly.

• Flights: Reykjavik to Split or Zagreb costs around €150–200 return.
• Accommodation: Hostels cost €15–20, while budget hotels and guesthouses range from €30–50.
• Food: Meals in local restaurants cost about €8–12, and fresh seafood is surprisingly affordable.

Split and Dubrovnik are famous for their medieval architecture, but less-touristy towns like Zadar and Pula offer cheaper stays with equally beautiful views. For nature lovers, Plitvice Lakes National Park and Krka Waterfalls provide affordable adventures.

Public transport between cities is efficient and inexpensive, with buses being the most common option. Croatia gives Icelanders a chance to enjoy Mediterranean beauty without the high price tags of Italy or France.

Pros of Traveling to Croatia

• Beautiful coastline: Islands, beaches, and seaside towns.
• Historic charm: Dubrovnik, Split, and Zagreb are full of culture.
• Affordable alternatives: Smaller towns offer cheaper stays than tourist-heavy Dubrovnik.

Cons of Traveling to Croatia

• Dubrovnik has become expensive due to Game of Thrones fame.
• Prices rise during peak summer season.

Average Costs in Croatia

• Flights from Reykjavik to Zagreb or Split: $160–$210 one-way.
• Hostels: Starting at $66/night.
• Meals: Local meals $6–$8, seafood $10–$12.

✈️ Flights from Reykjavik to Split and Zagreb – book your budget trip today!
🏨 Stay in Split hostels from $66/night near the Adriatic Sea.

15. Albania – Hidden Affordable Mediterranean Escape

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Albania is quickly becoming Europe’s hottest budget travel destination. Still relatively undiscovered, it offers Mediterranean beaches, mountain landscapes, and historic towns at incredibly low prices.

• Flights: Reykjavík to Tirana usually costs €150–180 round trip.
• Accommodation: Hostels are as low as €8–12, and hotels often cost only €25–35.
• Food: Local meals cost €4–6, with fresh seafood available at unbeatable prices.

The Albanian Riviera rivals Greece and Italy but at a fraction of the cost. Towns like Saranda, Ksamil, and Dhermi offer turquoise waters and white sandy beaches. For culture, Berat and Gjirokastër—both UNESCO World Heritage towns—are packed with history.

Public transportation is extremely cheap, and taxis are affordable compared to most of Europe. For Icelanders, Albania feels like discovering a secret Mediterranean paradise without the crowds and high expenses.

Pros of Traveling to Albania

• Cheap beaches: Riviera towns like Sarandë and Ksamil are stunning and affordable.
• Cultural treasures: Berat and Gjirokastër are UNESCO World Heritage sites.
• Low cost of living: Food, transport, and stays are incredibly cheap.

Cons of Traveling to Albania

• Infrastructure is less developed than other Mediterranean countries.
• Limited direct flights from Reykjavik.

Average Costs in Albania

• Flights from Reykjavik to Tirana (via connections): $170–$220 one-way.
• Hostels: From $10/night.
• Meals: Local meals from $3–$5, seafood from $6–$8.

✈️ Book connecting flights from Reykjavik to Tirana – discover Albania now!
🏨 Stay in Tirana hostels from $107/night for budget Mediterranean living.

Comparison Table: 15 Cheapest Countries to Visit from Iceland

Country	Flight Cost (From Reykjavik, Avg.)	Best Budget Perk
Poland	$120–$160	Historic cities + cheap food
Portugal	$130–$170	Beaches & seafood
Hungary	$120–$150	Thermal baths & nightlife
Spain	$140–$180	Sunshine & tapas
Czech Rep.	$130–$160	Affordable Prague adventures
Greece	$150–$200	History & budget islands
Lithuania	$130–$170	Old town charm & nightlife
Latvia	$120–$160	Culture + cheap eats
Estonia	$130–$180	Medieval Tallinn vibes
Bulgaria	$140–$180	Black Sea beaches & skiing
Romania	$140–$180	Castles & Carpathians
Turkey	$160–$200	Istanbul & Cappadocia
Slovakia	$150–$190	Mountain adventures
Croatia	$160–$210	Adriatic coastline
Albania	$170–$220	Riviera beaches & cheap stays

Travel Tips for Icelanders on a Budget

Finding cheap countries is only part of the equation—traveling smart is what really makes the difference. Here are some tried-and-true tips for Icelanders:

1. Book Flights Early – Budget airlines like Wizz Air, Ryanair, and Play often have flash sales from Iceland. Booking 2–3 months in advance guarantees the lowest fares.
2. Travel Off-Season – Visiting in spring or autumn can cut costs by half compared to summer holidays.
3. Stay in Budget Accommodation – Hostels, Airbnbs, and guesthouses are much cheaper than hotels. Couchsurfing is another option for adventurous travelers.
4. Eat Local – Street food, local taverns, and small cafés are much cheaper than tourist restaurants. In Eastern Europe, traditional meals are filling and cost only a few euros.
5. Use Public Transport – Buses, trams, and trains are usually very cheap in these destinations. Avoid taxis when possible unless they’re known to be affordable.
6. Free Activities – Many cities offer free walking tours, open-air festivals, and free entry days at museums. Research before you go!

By combining these strategies with the destinations above, Icelanders can travel frequently without overspending.

Conclusion

Traveling abroad doesn’t have to drain your savings. While Iceland is among the most expensive countries in the world, these 15 cheap travel destinations prove that there are plenty of budget-friendly options just a short flight away. From Poland’s cultural charm to Albania’s hidden beaches, Icelanders can enjoy unforgettable experiences without worrying too much about costs.

The key is to choose wisely, plan ahead, and embrace affordable local experiences. Whether you’re looking for medieval towns, beach escapes, or vibrant nightlife, there’s a destination on this list that fits your budget.

So pack your bags, grab your passport, and get ready—your next affordable adventure awaits!

FAQs

1. What is the cheapest European country to fly to from Iceland?
Poland and the Baltic states (Lithuania, Latvia, Estonia) are often the cheapest due to frequent low-cost flights.

2. Which country offers the best food for cheap prices?
Turkey and Greece are known for offering flavorful, filling meals at very low prices.

3. What’s the cheapest time of year for Icelanders to travel?
Late spring and autumn are the cheapest, avoiding peak summer and holiday seasons.

4. Which countries are safe and cheap for solo Icelandic travelers?
Poland, Hungary, Portugal, and the Baltic states are all safe and budget-friendly for solo travel.

5. Can Icelanders visit these countries without a visa?
Yes—since Iceland is part of the Schengen Zone, Icelanders can travel freely to most European countries listed. For Turkey, a visa-free stay of up to 90 days is also allowed.