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The best cheap hotels in Lake Myvatn

Check out our pick of great cheap hotels in Lake Myvatn

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Superb: 9+ Very good: 8+ Good: 7+ Pleasant: 6+
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Fosshotel Mývatn is located next to Lake Mývatn, 6.8 km to the Mývatn Nature Baths. The hotels provides free WiFi and free private parking. Guests can enjoy drinks from the bar and food at the restaurant with a lake view. Very clean and a good view over the lake.

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9.1
Superb
1,381 reviews
Price from
US$260
per night

This hotel is quietly situated 2 km from Lake Mývatn and 30 minutes’ drive from the Godafoss Waterfall and Krafla Crater. It offers free Wi-Fi and rooms with modern furnishings.

A flat-screen satellite TV, electric kettle and seating area can be found in all Hótel Laxá rooms. Free toiletries and a hairdryer are provided in the bathrooms. Loved the place very scenic. The staff was amazing too. We were running late for dinner at the hotel and the restaurant was going to close by the time we got there. The Staff managed to put away food for us on the side this way when we got to the hotel we had all the meals ready. Thank you hotel Laxa for the great hospitality and good stay!

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9.1
Superb
1,777 reviews
Price from
US$153
per night

Boasting garden views, Myvo The Studio apartment at Geiteyjarströnd 4 offers accommodation with a garden, around 48 km from Godafoss Waterfall. This beachfront property offers access to a terrace, free private parking and free WiFi. The property is non-smoking and is set 9 km from Myvatn Nature Baths. The Apartment was beautiful, comfortable, featured plenty of windows to enjoy the stunning view of the lake in front and the mountain in the back. The kitchen was well equipped with everything you need, there is even a laundry machine. The location is perfect, right next to Dimmuburgir, Hverir, the cave and of course the lake which benefited us with a beautiful sunset from the kitchen. It wasn't so cheap but worth the money.

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9.4
Superb
116 reviews
Price from
US$406
per night

Overlooking Lake Mývatn, this camping site offers cottages with wooden floors, a private bathroom and a terrace. Krossdalur Golf Course is 500 metres away, and Reykjahlíd village is 1 km from the cottages. Location, spacious very good for a family stay.

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9.3
Superb
107 reviews
Price from
US$314
per night

Situated in Myvatn and only 6.5 km from Myvatn Nature Baths, Slow Travel Mývatn - Þúfa - Private Homestay features accommodation with lake views, free WiFi and free private parking. The property has garden views. Outdoor seating is also available at the apartment. Everything was perfect! The attention to detail is impressive, you will be amazed with everything the hosts have hand crafted. It was without a doubt one of the best experiences we’ve had in Iceland and my brother even said it has been the best accommodation he’s ever stayed in (and he travels a lot!). The communication was very good and clear.

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9.1
Superb
98 reviews
Price from
US$197
per night

Featuring mountain views, Mývatn apartments provides accommodation with balcony, around 4.5 km from Myvatn Nature Baths. This property offers access to a terrace, free private parking and free WiFi. Each room has a patio with views of the garden. We felt so comfortable and relaxed here. The apartment looks even better in reality than on photos. The kitchen was very well equipped, so we felt almost like at home.

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9.4
Superb
50 reviews
Price from
US$370
per night

This hotel is situated on Lake Myvatn, 3.3 km from Myvatn Nature Baths. A number of amenities including a bar and free WiFi are featured. Boasting a 24-hour front desk, this hotel also provides a restaurant. Design, design, design ! Loved it!

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8.9
Fabulous
2,040 reviews
Price from
US$169
per night

Offering a shared kitchen/lounge and mountain views, Skútustadir Guesthouse is set on a farm by the southern shore of Lake Mývatn. WiFi and parking are free.

The geothermally heated Mývatn Nature Baths are 18 km away. The surrounding area is popular for bird watching. Iceland’s premier whale watching location, Húsavík, is a 45-minute drive away. Nice staff. Great breakfast with homemade things. Very clean and well equipped, big kitchen.

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8.8
Fabulous
1,932 reviews
Price from
US$118
per night

Situated by Lake Mývatn, this guest house offers basic rooms with shared facilities. The Mývatn Nature Baths is a 10-minute drive away. Free parking is available on site and the Ring Road is only a 3-minute drive away. everything was perfect, the place is very clean, lots os space, nice kitchen, surroundings are very beautiful and quiet

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8.4
Very good
1,483 reviews
Price from
US$108
per night

Set on a farm next to Lake Mývatn, this guest house offers self-catering rooms and cottages with free WiFi and nature views. The geothermally heated Mývatn Nature Baths are a 10-minute drive away.

At Dimmuborgir Guesthouse, all rooms and cottages feature private bathroom facilities. Private full kitchen facilities are provided in the cottages, while guest rooms have access to a shared kitchen. Lovely little room that gave us a perfect view of the northern lights in the evening. We were also very excited to greet the floofy dog on the property when we went over for breakfast in the morning. Breakfast was very good, and I was very excited they had a waffle maker!

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8.4
Very good
1,807 reviews
Price from
US$147
per night

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