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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. the views from the breakfast room is breathtaking, very comfy bed, good breakfast, nice staff

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9.1
Superb
1,318 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. 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
1,783 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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9.4
Superb
115 reviews
Price from
US$404
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
103 reviews
Price from
US$291
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$368
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. Lovely hotel with modern vision and friendly staff. The room was spacious and warm. Recommend it.

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8.9
Fabulous
2,039 reviews
Price from
US$161
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. Everything! Friendly staff, good location, nice facilities and good breakfast

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8.8
Fabulous
1,899 reviews
Price from
US$100
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
1,485 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. Very good breakfast whit self made waffle, home made jams. The diner with lamb was good, also the warm home made rubarber. There are 2 hot tubs beside the place to use. Good WiFi and very friendly waitresses.

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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. This is a beautiful hotel in an amazing location. The Lake Myvatn area around the hotel was everything we hoped for and more. The trails around the nearby lake offered excellent walking and hiking. The hotel is quite close to other area attractions including the Myvatn baths. The included breakfast was exceptional with more choices than one could hope to work through in a stay of several days. Dinner in the restaurant was also very good and service from hotel and restaurant staff was very good. We enjoyed our stay.

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8.8
Fabulous
1,834 reviews
Price from
US$190
per night

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