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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
1,301 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. Everything, it was just perfect and the breakfast was delicious and varied.

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9.2
Superb
1,781 reviews
Price from
US$179
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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9.3
Superb
115 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
103 reviews
Price from
US$272
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. Everything was great! The apartment was cozy, had everything we needed and was spotless—every little corner was clean too. Really impressed and we didn't want to leave!

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9.4
Superb
53 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. Breakfast good can't expect better ...choice enough

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8.9
Fabulous
2,054 reviews
Price from
US$167
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. We returned after many years to the farm guesthouse and were highly impressed by the major upgrades. Actually our group rated this place as the highest amongst all we had in Iceland! Congratulations, we will visit you again next year!

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8.8
Fabulous
1,886 reviews
Price from
US$99
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. Well organized with check-in etc. Good communication. Clean accommodation.

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8.4
Very good
1,483 reviews

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. We loved our stay here. We were a group of 16 people, some stayed at the cottages and some others at the shared rooms. Bathrooms were super clean and modern, the beds were comfy and the facilities very clean. We had breakfast and everything was delicious. We even bought handmade sweaters at the best price we could get. Loved the farm vibe of the place.

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8.9
Fabulous
1,464 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. We stayed in the hotel 2 nights and we liked it a lot. The hotel is situated next to the beautiful lake Myvatn. There’s a free parking area next to the hotel. The rooms were clean and tidy. The food was always freshly prepared. We spent the evenings playing darts 🎯 and drinking their craft beer 🍻 I would like to thank the staff of the hotel. Everyone was friendly and helpful with smiley faces. We didn’t use the sauna and hot tubs but they looked nice. A nice compliment was free coffee and tea any time you wanted in the lobby. I recommend this hotel everyone who seeks for comfort and hospitality.

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8.8
Fabulous
1,839 reviews
Price from
US$222
per night

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