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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. What a wonderful hotel. Everything was spotless and well designed. The view of Lake Mývatn was just awesome from the bar and the restaurant. Best location possible. Wish we could have stayed much longer. Will use this hotel again on my next visit. Food in the restaurant was very good both diner and breakfast. Bonus was seeing the northern lights dance above the lava fields surrounding the hotel.

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9.1
Superb
1,392 reviews
Price from
US$261
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. Spacious room with great view. Comfortable bed. Great breakfast.

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9.1
Superb
1,775 reviews
Price from
US$155
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
117 reviews
Price from
US$409
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. Very spacious and comfortable.

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9.3
Superb
109 reviews
Price from
US$315
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 about this homestay was amazing, the location ,bird sanctuary, amazing colours of the plants all around the house, Beautifully decorated inside and out, you could not but love staying in this beautiful homestay, We had beautiful freshly baked bread waiting when we arrived, This is a must stay if you are visiting Myvatn, There was 4 of us staying and we all loved loved it, Lovely balcony.

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9.2
Superb
96 reviews
Price from
US$169
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$372
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 property it’s absolutely beautiful and well maintained. They have a great decoration. Rooms are so comfortable and well designed.

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8.9
Fabulous
2,049 reviews
Price from
US$170
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
1,936 reviews
Price from
US$119
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
1,486 reviews
Price from
US$109
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. Super nice cottage, well furnished. Comfortable beds and everything is neat! The hot tub is a plus but it was really hot.

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8.4
Very good
1,807 reviews
Price from
US$148
per night

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