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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 location with an incredible view from the dining room/ lobby

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9.1
Superb
1,376 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. 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
1,778 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. Such a lovely cosy apartment with windows all round and overlooking Lake Myvatn. It was the perfect place to relax and hope to see the Northern Lights from the big balcony outside. The place was thoughtfully designed as open plan with nice touches such as candles and rugs. The underfloor heating was very efficient and plenty of kitchenware plus oven, stovetop, microwave, washing machine etc. We had looked at slightly cheaper options nearby but I think it was worth paying a little extra for this one. Would highly recommend!

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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
105 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. This stay promotes environmental sustainability and nature protection, which is a very good concept. Host is nice and friendly. Location is perfect for northern light

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9.1
Superb
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. The apartment was very well equipped and in a great location. We could walk to the lava caves, and it was convenient to get to Dettifoss and Húsavík. Would highly recommend staying here.

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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. Large windows could see northern lights without leaving our room.

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8.9
Fabulous
2,041 reviews
Price from
US$162
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
1,930 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. Although there is no private bathroom, there is a sink in each room which is very convenient. The kitchen is fully equipped and the dining area is very large and can be used by many people

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8.4
Very good
1,482 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. We loved the view from our window and the breakfast. Room was clean and big enough for two persons.

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8.4
Very good
1,808 reviews
Price from
US$148
per night

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