If you really want to save money, eating out in Iceland is a "no, no". Stay away from the restaurants and buy your food at the budget stores, supermarkets or hypermarkets.
However if you really want to eat out at a restaurant, you might find some good offers at lunch time in various restaurants. You will probably find it interesting that the Thai and Chinese restaurants are the cheapest...
There are four cheap restaurants in Reykjavík a whole lot cheaper than many others - one Thai, two vegetarian and one fish restaurant:
- Núðluhúsið - A Thai noodle restaurant, very popular for its huge portions
http://www.nudluhusid.is/
Vitastígur 10
101 Reykjavík
552 7088 - Grænn kostur - A vegetarian restaurant in the heart of Reykjavík
http://graennkostur.is/english.htm
Skólavörðustígur 8,
101 Reykjavík,
tel. 552 20208 - Á næstu grösum - A vegetarian restaurant in the heart of Reykjavík
Laugavegur 20 b, tel. 552 8410 and Suðurlandsbraut 52, tel. 581 1065 - Sægreifinn
http://www.saegreifinn.is/
Verbúð 8 v/ Geirsgötu
101 Reykjavík
Tel: 553 1500
