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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. Great, modern and comfortable hotel. Room was big, super clean and comfy. Breakfast was great! View from the hotel (front side) is beautiful. This location is great for exploring the north part of Iceland, around Myvatn lake and part of east part of the island.

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9.1
Superb
1,364 reviews
Price from
US$258
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. Lovely staff and room. Really liked the touch of putting your name on a list on check-in to have a wake up call when the northern lights were active. Amazing views of the northern lights and very good value for money. Breakfast was lovely, great variety, something for everyone.

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9.1
Superb
1,780 reviews
Price from
US$152
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. We Loved everything! Location. Facilities - it’s a beautifully stylish little cottage on the edge of the lake. The sheep graze nearby and the birds are sitting on their nests. The apartment is extremely well furnished and has everything you need. Was a wonderful 3 nights there

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9.4
Superb
116 reviews
Price from
US$407
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
106 reviews
Price from
US$361
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. A very friendly and cozy experience near Myvatn! Impossible to have a better place to stay while travelling here!

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8.9
Fabulous
99 reviews
Price from
US$198
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$371
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. really clean, good set up inside & free use of the hot tub.

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8.9
Fabulous
2,039 reviews
Price from
US$156
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. The room was spacious and very clean with all the beddings. Everything was clean and organized. The staff was really helpful and the breakfast was amazing.

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8.8
Fabulous
1,922 reviews
Price from
US$117
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. Very clean and well kept accommodation. Special thanks to waste recycling opportunity.

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8.4
Very good
1,486 reviews
Price from
US$114
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. Comfy beds, friendly staff, amazing breakfast (including local products and homesmoked meat and fish!!!), location is close to all interesting spots, separate storage boxes for each room in the shared kitchen

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8.4
Very good
1,810 reviews
Price from
US$148
per night

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