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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
1,398 reviews
Price from
US$260
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. The hotel was super good. Clean room,comfortable, super beautiful.

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9.1
Superb
1,784 reviews
Price from
US$153
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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9.3
Superb
118 reviews
Price from
US$406
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$313
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. Clean and nice house. Nice location to Mivatten spring.

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9.2
Superb
96 reviews
Price from
US$266
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$370
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. Absolutely stunning hotel with a beautiful view and a lovely color/ design- concept. The two hot tubs outside are perfect for having a relaxed time under the stars or even the dancing Aurora.

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8.9
Fabulous
2,045 reviews
Price from
US$169
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 location was amazing.. we witnessed snowfall.

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8.8
Fabulous
1,933 reviews
Price from
US$118
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. Clean shared kitchen, clean shared bathroom, friendly staff

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8.4
Very good
1,484 reviews
Price from
US$108
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 had the most pleasant hospitable experience during our Iceland trip . Breakfast is amazing . Staff is amazing . We rented 2 bedroom chalet and it was perfect for our family . Our kids enjoyed the hot tub . Location is amazing and mesmerizing . The first night of our stay it was a bit hot ,request the owner to hve a fan . However the weather was perfect the second night so didn’t face the problem again . No midges at all , so we got lucky staying by Mývatn lake . Would come back for sure . Highly recommended for families

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8.4
Very good
1,807 reviews
Price from
US$147
per night

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