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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, near the main attractions in the area, also great decor. Best breakfast I had in the trip.

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9.1
Superb
1,341 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. Very well located hotel in the vicinity of Lake Myvatn. The view was very nice and staff of the hotel were very helpful and friendly all the time. Satisfying breakfast as well.

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9.1
Superb
1,779 reviews
Price from
US$181
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. Splendid location!!!! Gracious host. Excellent access to the area’s attractions. Very comfortable bed!

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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
105 reviews
Price from
US$260
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
52 reviews

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. It has a good location, nice staff, two great hot tubs and a northern light wake up call.

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8.9
Fabulous
2,031 reviews
Price from
US$155
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
1,914 reviews
Price from
US$101
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
1,486 reviews
Price from
US$107
per night

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. Great location near Lake Myvatn. I I love the buffet! Especially waffel ♡ was my best breakfast in Island ever

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8.9
Fabulous
1,459 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. excellent location, near everything

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8.8
Fabulous
1,832 reviews
Price from
US$191
per night

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