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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. Amazing location, friendly and helpfull staff (especially Kristina), delicious food, close to the attractions

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9.1
Superb
1,346 reviews

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
1,781 reviews
Price from
US$180
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 location was excellent and the view of the lake was stunning. The suite was beautifully decorated. We appreciated the washing machine.

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9.4
Superb
115 reviews
Price from
US$405
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. Cozy cottage with stunning views

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9.3
Superb
105 reviews
Price from
US$260
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
52 reviews
Price from
US$369
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. The location is great and we can see aurora light just in front of the hotel. The hotel has very special design and decor. Love it so much. The breakfast is delicious.

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8.9
Fabulous
2,035 reviews
Price from
US$155
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. Very quiet n comfortable place also very welcoming staff

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8.8
Fabulous
1,915 reviews
Price from
US$100
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
1,487 reviews
Price from
US$108
per night

Quietly located 5 km from Iceland's Ring Road and 13 km from Lake Mývatn, this family-run guest house offers views over Sandfell Mountain. On-site facilities include 2 hot tubs and a communal TV lounge. Free WiFi is available in the common areas. Clean room, comfy bed. Spacious communal areas, hot tub always open and with beautiful scenario on the countryside and the animals. Delicious and generous breakfast with homemade products. We would definitely stay again, happened to see also the Northern Lights on a clear and starry night.

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8.9
Fabulous
1,459 reviews

Situated by Lake Myvatn, this hotel offers WiFi . All rooms feature a TV and private bathroom. Skútustaðagígar natural site is 2 minutes’ walk away.

Parking is free on site. Mývatn Nature Baths are a 20-minute drive away. The Husavik Whale Museum is 68 km from the hotel. This was the best hotel we stayed in Iceland. The free amenities (Sauna, Hot tub, pool billiard, bathrobe, flip flops, etc.) and the free breakfast were just great. The room was modern and spacious. The northern lights wake up call is a wonderful free service (we didn't have any luck though). The location is incredible across from a volcano walking trail. Seriously, we were so excited when we saw what the hotel offers for such little money (in March). Will definitely stay here again when I return. Thank you!

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8.8
Fabulous
1,830 reviews
Price from
US$191
per night

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