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

5.097.192 ₫ 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

7.852.474 ₫ total

includes taxes & fees

2 Nov - 3 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

5.350.778 ₫ total

includes taxes & fees

18 Nov - 19 Nov

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

4. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Shannon

7.746.358 ₫ total

includes taxes & fees

10 Nov - 11 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.

5. Reykjavik Residence Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

Jenina

6.513.165 ₫ total

includes taxes & fees

3 Nov - 4 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

7.720.253 ₫ 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

4.748.893 ₫ total

includes taxes & fees

28 Oct - 29 Oct

8. Freyja Guesthouse & Suites

Downtown Reykjavik, 0.5 km from Rainbow Street

Sunny

10.708.948 ₫ total

includes taxes & fees

2 Nov - 3 Nov

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

9. Hotel Local 101

Vesturbær, 0.7 km from Rainbow Street

Heather

3.308.062 ₫ total

includes taxes & fees

25 Nov - 26 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

Christine

3.864.265 ₫ total

includes taxes & fees

28 Oct - 29 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

6.392.180 ₫ total

includes taxes & fees

3 Nov - 4 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

6.471.562 ₫ total

includes taxes & fees

4 Nov - 5 Nov

A modern reception area with a brown sofa, a white reception desk, and a hanging chair with a furry seat.

13. ION City Hotel, a Member of Design Hotels

Downtown Reykjavik, 0.2 km from Rainbow Street

Ingrid

6.590.190 ₫ total

includes taxes & fees

29 Oct - 30 Oct

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.

14. Iceland Parliament Hotel, Curio Collection By Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Olivia

7.565.963 ₫ total

includes taxes & fees

16 Nov - 17 Nov

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

15. The Reykjavik EDITION

Downtown Reykjavik, 0.5 km from Rainbow Street

Shannon

11.661.584 ₫ total

includes taxes & fees

27 Nov - 28 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.

16. Torg Apartments

Downtown Reykjavik, 0.2 km from Rainbow Street

Susan

5.090.223 ₫ total

includes taxes & fees

3 Nov - 4 Nov

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

17. Vintage Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

travis

5.762.975 ₫ total

includes taxes & fees

3 Nov - 4 Nov

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

18. Castle House Luxury Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

thomas

4.747.050 ₫ total

includes taxes & fees

30 Oct - 31 Oct

19. Reykjavik4you Apartments

Downtown Reykjavik, 0.1 km from Rainbow Street

Katherine

4.805.204 ₫ total

includes taxes & fees

23 Nov - 24 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

4.534.068 ₫ total

includes taxes & fees

2 Nov - 3 Nov

View all properties

Compare popular hotels close to Rainbow Street

Property	Property class	Guest rating
Kvosin Downtown Hotel	4.0 star property	9.8 Exceptional 1,003 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 Konsulat Hotel, Curio Collection by Hilton	5.0 star property	9.6 Exceptional 403 reviews	View
Reykjavik Residence Apartment Hotel	4.0 star property	9.6 Exceptional 3,494 reviews	View

Hotels recommended for families near Rainbow Street

A modern interior with a leather sofa, a glass coffee table, and a unique wall art piece.

Þingholt by Center Hotels

Downtown Reykjavik

5.511.080 ₫ total

includes taxes & fees

16 Nov - 17 Nov

Top Rainbow Street Hotel Reviews

Grandi by Center Hotels

10/10 Excellent

"This hotel was perfect. Clean, helpful and courteous staff. Some people will find the rooms small but they were adequate for our 10 day stay. Great location for public transport and walking distance to the center of Reykjavik. Would definitely stay here again."

CityHub Reykjavik

10/10 Excellent

"Loved the pods, my partner and i both felt like we had plenty of space, the bed was SO comfortable and it was a great place to wind down in after a full day of walking around reykjavík. we booked with breakfast which consisted of an apple, skyr, pastry, granola, marmalade and a juice. it was delicious and filling and came perfectly packed in a reusable to go bag. We will absolutely be staying here again on our next trip!"

Fosshotel Reykjavik

8/10 Good

"We loved the hotel. Great location. Only 1 drawback was the tiny shower in our room It felt like the size you would get on a cruise ship The staff was excellent. We would stay here again I booked through Expedia and the hotel messaged me before our trip The communication was seamless from our room, restaurants and places to see"

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."

Center Hotels Arnarhvoll

10/10 Excellent

"I stayed at the Center Hotel for a week. The staff and services were great, and the Sky Bar and Spa are totally worth trying out. It is very close to the Harpa Center, the ocean and a walkable distance to all the cool spots in the city. I would highly recommend choosing the Center Hotel for your next stay in 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.

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.

Search Hotels Near Rainbow Street, Reykjavik

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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 Konsulat Hotel, Curio Collection by Hilton

5. Reykjavik Residence Apartment Hotel

6. Hotel Reykjavik Saga

7. Reykjavik Treasure

8. Freyja Guesthouse & Suites

9. Hotel Local 101

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. Iceland Parliament Hotel, Curio Collection By Hilton

15. The Reykjavik EDITION

16. Torg Apartments

17. Vintage Apartment Hotel

18. Castle House Luxury Apartments

19. Reykjavik4you Apartments

20. Alda Hotel Reykjavik

Compare popular hotels close to Rainbow Street

Hotels recommended for families near Rainbow Street

Þingholt by Center Hotels

Top Rainbow Street Hotel Reviews

Grandi by Center Hotels

Other attractions near Rainbow Street

Skólavörðustígur

Frequently asked questions