The Best Hotels Closest to Rainbow Street in Reykjavik - 2026 Updated Prices

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Our top choices for Rainbow Street hotels

A modern living room with a dining table, chairs, a black entertainment unit, and a large window with curtains.

1. Kvosin Downtown Hotel

Downtown Reykjavik, 0.4 km from Rainbow Street

Jessica

฿6,646 total

includes taxes & fees

17 Nov - 18 Nov

A modern living room with a sofa, a coffee table, a vase with flowers, and a lamp.

2. Black Pearl Luxury Apartments

Downtown Reykjavik, 0.6 km from Rainbow Street

Dan

฿10,218 total

includes taxes & fees

10 Nov - 11 Nov

A bedroom with two beds, a small table, a chair, a lamp, and a window with curtains.

3. Old Charm Reykjavik Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

Jennifer

฿6,993 total

includes taxes & fees

18 Nov - 19 Nov

A modern living room with a grey sofa, a pink ottoman, a black coffee table, and a dining area with a round table and chairs.

4. Reykjavik Residence Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

Jenina

฿8,064 total

includes taxes & fees

1 Nov - 2 Nov

A modern spa room with a hot tub, a hanging chair, and a seating area with a sofa and coffee table.

5. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Shannon

฿10,079 total

includes taxes & fees

10 Nov - 11 Nov

A modern lobby with a curved orange sofa, black coffee table, and potted plants.

6. Hotel Reykjavik Saga

Downtown Reykjavik, 0.3 km from Rainbow Street

Sukhwant

฿10,035 total

includes taxes & fees

25 Nov - 26 Nov

A modern bedroom with a bed, pillows, a wooden accent wall, and a small plant.

7. Reykjavik Treasure

Downtown Reykjavik, 0.6 km from Rainbow Street

Deanna

฿7,100 total

includes taxes & fees

1 Nov - 2 Nov

A hotel room with two beds, a round wooden side table, a mirror, and two black desk lamps.

8. Hotel Local 101

Vesturbær, 0.7 km from Rainbow Street

Heather

฿4,649 total

includes taxes & fees

18 Nov - 19 Nov

9. Freyja Guesthouse & Suites

Downtown Reykjavik, 0.5 km from Rainbow Street

Sunny

฿13,921 total

includes taxes & fees

2 Nov - 3 Nov

A modern bedroom with a large bed, a sofa, and a view of a ship through the windows.

10. Reykjavik Marina - Berjaya Iceland Hotels

Vesturbær, 0.8 km from Rainbow Street

Daniel

฿5,210 total

includes taxes & fees

29 Oct - 30 Oct

A modern hotel room with a bed, a desk, a flat-screen TV, and a hallway leading to a bathroom.

11. Sand Hotel by Keahotels

Downtown Reykjavik, 0.3 km from Rainbow Street

Ruth Anne

฿8,322 total

includes taxes & fees

4 Nov - 5 Nov

A modern building with a restaurant named "Canopy" at its ground level.

12. Canopy by Hilton Reykjavik City Centre

Downtown Reykjavik, 0.2 km from Rainbow Street

Tina

฿8,457 total

includes taxes & fees

23 Nov - 24 Nov

A modern outdoor seating area with a wooden bench, a wicker chair, and a glass door leading to a building.

13. ION City Hotel, a Member of Design Hotels

Downtown Reykjavik, 0.2 km from Rainbow Street

Youssef

฿8,576 total

includes taxes & fees

5 Nov - 6 Nov

A modern bar area with two round tables, two plush armchairs, and a wall of illuminated planters.

14. Vintage Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

travis

฿7,249 total

includes taxes & fees

3 Nov - 4 Nov

A modern indoor pool area with a woman relaxing in the water, a staircase leading up to the pool, and a textured wall behind the pool.

15. Iceland Parliament Hotel, Curio Collection By Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Olivia

฿9,869 total

includes taxes & fees

18 Nov - 19 Nov

A modern building with a white facade, multiple windows, and a staircase leading to the entrance.

16. Castle House Luxury Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

thomas

฿6,002 total

includes taxes & fees

30 Oct - 31 Oct

A balcony with wooden furniture, a round table, and a view of a harbor with boats and mountains in the background.

17. The Reykjavik EDITION

Downtown Reykjavik, 0.5 km from Rainbow Street

Shannon

฿16,486 total

includes taxes & fees

24 Nov - 25 Nov

A modern living room with a sofa, a coffee table, and a leather chair. There is a brick wall and a large framed picture on the wall.

18. Torg Apartments

Downtown Reykjavik, 0.2 km from Rainbow Street

Susan

฿6,221 total

includes taxes & fees

2 Nov - 3 Nov

A room with two leather chairs, a small round table, and a vase with yellow flowers. There are large windows with a view of trees and buildings outside.

19. Hotel Reykjavik Centrum

Downtown Reykjavik, 0.5 km from Rainbow Street

Leslie

฿7,415 total

includes taxes & fees

24 Nov - 25 Nov

A hot tub with wooden railings, surrounded by lanterns and a scenic mural.

20. Alda Hotel Reykjavik

Downtown Reykjavik, 0.6 km from Rainbow Street

joanne

฿5,524 total

includes taxes & fees

9 Nov - 10 Nov

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Compare popular hotels close to Rainbow Street

Property	Property class	Guest rating
Kvosin Downtown Hotel	4.0 star property	9.8 Exceptional 1,004 reviews	View
Black Pearl Luxury Apartments	4.5 star property	9.8 Exceptional 785 reviews	View
Old Charm Reykjavik Apartments	3.0 star property	9.8 Exceptional 147 reviews	View
Reykjavik Residence Apartment Hotel	4.0 star property	9.6 Exceptional 3,495 reviews	View
Reykjavik Konsulat Hotel, Curio Collection by Hilton	5.0 star property	9.6 Exceptional 403 reviews	View

Top Rainbow Street Hotel Reviews

Exeter Hotel

10/10 Excellent

"Staff on the desk were amazing and super helpful. Tall blonde lady with glasses was particularly superb. Very helpful and welcoming with me and my girlfriend"

Sand Hotel by Keahotels

10/10 Excellent

"I loved this hotel! It’s very nice and it’s in a great location. It’s close to restaurants, the BSÍ bus terminal, shops and some attractions. The breakfast is very good and plenty, the staff is very friendly very helpful. I highly recommend it to anyone who’s looking for a great place to stay in Reykjavík."

Center Hotels Arnarhvoll

10/10 Excellent

"Great location. Rooms really clean and great view of Harpa and waterfront. Beds really comfy with lovely sheets and duvet. Bathrobe and slippers. We got a coupon for drink for two and enjoyed that in Sky lounge on top floor with great views. Breakfast also amazing - lots of choice and all really good. Bus stop near hotel which we used for pick up for Sky Lagoon excursion and airport back and forth. Really convenient to wandering the city. Had dinner at The Icelandic Bar up the street - really really good. Would def stay again."

Center Hotels Plaza

10/10 Excellent

"Lovely hotel. We arrived on a Saturday and were pleasantly surprised that our room was ready a couple of hours before check-in, which was greatly appreciated after traveling. We stayed in Room 808 (an executive room,) which was clean, comfortable, and appeared to have been refreshed recently. One unique feature was the shared balcony on the 8th floor, where we were lucky enough to see the Northern Lights one evening. Access is through a door outside the guest rooms rather than directly from the room itself, which we actually preferred. Some rooms do have direct balcony access, so if you use the shared space, just be mindful of noise and avoid standing directly in front of other guests' doors. The breakfast was quite good. There was a nice selection of coffee and tea, eggs, bacon, sausage, skyr, fresh fruit, assorted breads, and pastries, which gave us plenty of options before heading out for the day. The only issue we encountered was that a couple of days into our stay I noticed I had been charged the full cost of the room on my credit card even though I had prepaid through Hotels.com. When I mentioned it at the front desk, the staff quickly looked into it and processed a refund right away. Overall, we had a very pleasant stay. The room was clean, the staff was helpful, the breakfast was good, and the early check-in was a wonderful surprise. I'd happily stay here again and would recommend it to others visiting Iceland."

Other attractions near Rainbow Street

A church with a tall tower and a statue in front.

Skólavörðustígur

You can find the perfect gifts to bring home at Skólavörðustígur during your trip to Reykjavik.

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Frequently asked questions

What's the area like around Rainbow Street?

Rainbow Street is located in Reykjavik. If you're looking for a convenient place to stay, take a look at the 780 hotels and other accommodation options you'll find within a mile.

What's the best place to stay close to Rainbow Street?

Adjacent to Rainbow Street, CityHub Reykjavik is one of the top choices for your stay based on our traveller data, and this hotel offers free WiFi and a 24-hour front desk. Other good choices close by include Fosshotel Reykjavik and The Reykjavik EDITION.

How many hotels should I expect to find near Rainbow Street?

Expedia has 780 hotels and other accommodation options within a mile from Rainbow Street.

If I need to cancel the hotel reservation for my stay near Rainbow Street, will I receive a refund?

Yes, the majority of hotel bookings are fully refundable if you cancel prior to the accommodation's cancellation deadline, which often is within 24-48 hours of your scheduled arrival. If your reservation is non-refundable, you might still have the option to cancel and receive a refund within a 24-hour period of booking. Enter dates in and click on "Search", then you can filter by "fully refundable" to get the best deals near Rainbow Street.

What can I see and do near Rainbow Street?

National Museum of Iceland, Reykjavík Maritime Museum and Aurora Reykjavík Northern Lights Center feature a variety of fascinating exhibits to see while you're in town. Reykjavik City Museums, Grotta Lighthouse and Sundhollin are landmarks that you won't want to miss. You can watch performances at Harpa, National Theatre of Iceland and Salurinn Kopavogur Concert Hall if you're interested in local theatre.

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Our top choices for Rainbow Street hotels

1. Kvosin Downtown Hotel

2. Black Pearl Luxury Apartments

3. Old Charm Reykjavik Apartments

4. Reykjavik Residence Apartment Hotel

5. Reykjavik Konsulat Hotel, Curio Collection by Hilton

6. Hotel Reykjavik Saga

7. Reykjavik Treasure

8. Hotel Local 101

9. Freyja Guesthouse & Suites

10. Reykjavik Marina - Berjaya Iceland Hotels

11. Sand Hotel by Keahotels

12. Canopy by Hilton Reykjavik City Centre

13. ION City Hotel, a Member of Design Hotels

14. Vintage Apartment Hotel

15. Iceland Parliament Hotel, Curio Collection By Hilton

16. Castle House Luxury Apartments

17. The Reykjavik EDITION

18. Torg Apartments

19. Hotel Reykjavik Centrum

20. Alda Hotel Reykjavik

Compare popular hotels close to Rainbow Street

Top Rainbow Street Hotel Reviews

Exeter Hotel

Other attractions near Rainbow Street

Skólavörðustígur

Frequently asked questions