34 Have a beer in Reykjavik. Its always happy hour in the city, but when is it happy hour at the bars? And where is the cheapest beer in Reykjavik? Here´s a list of the best happy hour offers and best bars to drink cheap. ...just keep in mind sometimes you have to buy two beers to get the happy hour price. Check out http://www.grapevine.is/Media/PDF/Grapevine_06_2011_barguide.pdf for a table of bars with hours and comments.