A geothermal spa with a pool, wooden deck, and a modern building with large windows.

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Our top choices for Myvatn cheap hotels

Outdoor spa tub

Guesthouse Stöng and Cottages

Guesthouse Stöng and Cottages
2.5 star property
Myvatn
9.2 out of 10, Wonderful, (224 reviews)
"Loved the food - had a fantastic dinner and breakfast!!"
Canada
Sheila
The price is ฿8,061
฿9,160 total
includes taxes & fees
8 Aug - 9 Aug
Guesthouse Stöng and Cottages
Lounge

Hótel Laxá

Hótel Laxá
3.0 star property
Myvatn
9.2 out of 10, Wonderful, (804 reviews)
"Hotel Laxa is located by lake myvatn, a little further away from all the farmhouses which puts in a quiet location with views all round of Myvatn and still convenient. The staff at hotel are extremely helpful and friendly. They have a nice bar with quiet places for work and a game room as well. I stayed for 3 nights and loved it, and would highly recommend."
United States
Jayalakshmi
The price is ฿11,420
฿12,888 total
includes taxes & fees
10 Aug - 11 Aug
Hótel Laxá
Living area

Vogar Travel Service

Vogar Travel Service
3.0 star property
Myvatn
8.2 out of 10, Very good, (104 reviews)
"Easy parking, pretty clean rooms, pizza shop close"
United States
Michal
The price is ฿6,726
฿7,677 total
includes taxes & fees
13 Jul - 14 Jul
Vogar Travel Service
Front of property

Sel Hotel Mývatn

Sel Hotel Mývatn
3.5 star property
Myvatn
9.4 out of 10, Exceptional, (518 reviews)
"Comfort, convenience, and outstanding hospitality all in one place. Spacious and clean rooms, amazing food, free parking, and a perfect location—all made even better by the genuinely friendly staff. We truly enjoyed our stay!"
Canada
Rochelle
The price is ฿7,231
฿8,239 total
includes taxes & fees
17 Jul - 18 Jul
Sel Hotel Mývatn
Dining room

Hlíd Hostel

Hlíd Hostel
1.5 star property
Myvatn
7.2 out of 10, Good, (44 reviews)
"Building is built by A lava field. Room is small, simple but .clean"
United States
Laurette
The price is ฿6,734
฿9,366 total
includes taxes & fees
26 Jul - 27 Jul
Hlíd Hostel
Front of property

Vogahraun 4

Vogahraun 4
3.0 star property
Myvatn
8.6 out of 10, Excellent, (100 reviews)
"Large room with nice bathroom, pizza place on the property was also nice."
United States
Alec
The price is ฿8,055
฿9,152 total
includes taxes & fees
18 Jul - 19 Jul
Vogahraun 4
Aerial view

Grímstunga Guesthouse

Grímstunga Guesthouse
2.5 star property
Myvatn
8.2 out of 10, Very good, (118 reviews)
The price is ฿7,545
฿8,587 total
includes taxes & fees
19 Jul - 20 Jul
Grímstunga Guesthouse
Exterior

Mývatn - Berjaya Iceland Hotels

Mývatn - Berjaya Iceland Hotels
3.5 star property
Myvatn
9.2 out of 10, Wonderful, (807 reviews)
"Hotel is easy to find and close to most of attractions. Good location."
Canada
Anita
The price is ฿12,117
฿13,662 total
includes taxes & fees
13 Jul - 14 Jul
Mývatn - Berjaya Iceland Hotels
Sun deck

Dimmuborgir Guesthouse

Dimmuborgir Guesthouse
3.0 star property
Myvatn
8.6 out of 10, Excellent, (253 reviews)
"The location is excellent"
Canada
Wenxin
The price is ฿7,713
฿8,774 total
includes taxes & fees
17 Jul - 18 Jul
Dimmuborgir Guesthouse
Sauna

Fosshotel Myvatn

Fosshotel Myvatn
4.0 star property
Myvatn
9.4 out of 10, Exceptional, (825 reviews)
"Great place to stay"
Canada
Gang
The price is ฿13,611
฿15,320 total
includes taxes & fees
15 Jul - 16 Jul
Fosshotel Myvatn
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Top Myvatn Hotel Reviews

Frequently asked questions

What is Myvatn like for travellers on a budget?
Myvatn has cheap accommodation options and a variety of places to visit, making it a great getaway spot for budget travellers. You can find ways to save money while getting to know this destination, which is home to attractions such as Lake Myvatn, Dimmuborgir and Myvatn Nature Baths.
What's the best place to stay on a budget in Myvatn?
Based on our traveller reviews, Hlíd Hostel is a top choice for a less expensive stay.
When is the best time for a budget trip to Myvatn?
Weather is probably a major factor when you plan your trip to Myvatn, but bear in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August, with an average temperature of 8°C, while the coldest months are December and January, with an average of -3°C. Average annual precipitation for Myvatn is 1367 mm.
What is there to see and do in Myvatn?
Myvatn attracts visitors with its fantastic dining options and lakeside setting, and offers plenty to see and do without spending a fortune. You can budget for the local attractions that interest you most, and then fill your itinerary with sights that cost very little. If you're eager to get outdoors, you can enjoy the natural setting at Lake Myvatn, Dimmuborgir or Myvatn Nature Baths.
How can I get to Myvatn and get around on a budget?
Scoping out the transportation options in Myvatn is a smart way to keep your trip affordable. The most convenient airport is Akureyri (AEY), 30.2 mi (48.6 km) away. Myvatn might not have very many public transport choices so a car rental could be an economical alternative to explore more of the area.