Top 10 Hotels Near Rainbow Street in Reykjavik for 2026

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Our top choices for Rainbow Street hotels

A bar area with a counter, seating, and a display of bottles.

A bedroom with a bed, a bedside lamp, and a window leading to a balcony.

A modern living room with a dining area, featuring a dark blue curtain, a black standing lamp, a shelf with books and a vase of flowers, and a wooden floor.

A hotel with a classic European architectural style, featuring a central courtyard and a view of a lake.

1. Kvosin Downtown Hotel

Downtown Reykjavik, 0.4 km from Rainbow Street

Holly

RM1,089

RM1,236 total

includes taxes & fees

6 Oct - 7 Oct

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

A modern bedroom with a large bed, a wooden accent wall, a nightstand with a lamp, and a view through floor-to-ceiling windows.

A modern kitchen with a central island, stainless steel appliances, and a dining area with chairs.

A modern kitchen with a central island, stainless steel appliances, and large windows with blinds.

2. Black Pearl Luxury Apartments

Downtown Reykjavik, 0.6 km from Rainbow Street

Mitchell

RM1,356

RM1,532 total

includes taxes & fees

14 Oct - 15 Oct

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

A dining area with a round table, teal chairs, and a hanging light fixture.

A room with wooden panel walls, a blue sofa, a round white table, and grey curtains.

A kitchen with a black countertop, white cabinets, a coffee maker, and hanging pendant lights.

3. Old Charm Reykjavik Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

Jennifer

RM1,129

RM1,280 total

includes taxes & fees

15 Oct - 16 Oct

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

A modern building with large windows, a courtyard with potted plants, and a staircase leading to an upper level.

A modern loft with a dining area featuring a round table and red velvet chairs, a living room with a grey sofa, and a large TV mounted on the wall.

A modern interior with large windows offering a city view, a staircase with black railings, and a patterned carpet.

4. Sand Hotel by Keahotels

Downtown Reykjavik, 0.3 km from Rainbow Street

Jill

RM996

RM1,132 total

includes taxes & fees

12 Oct - 13 Oct

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.

A modern building with a wooden deck, a metal staircase, and a view of the cityscape.

A kitchen with dark cabinets, a countertop with a basket of fruits, and a paper bag.

A modern kitchen with a built-in coffee machine, a sink, and a dishwasher.

5. Reykjavik Residence Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

Yaritza

RM1,112

RM1,261 total

includes taxes & fees

14 Oct - 15 Oct

A bar area with a modern design, featuring a long counter with bar stools, a variety of bottles, and a unique ceiling light fixture.

A modern interior with a glass railing, a staircase, and a sign that reads "Connect At the Door of Demo".

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.

A buffet with various food items and a wine glass rack in the background.

6. Iceland Parliament Hotel, Curio Collection By Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Craig

RM1,159

RM1,313 total

includes taxes & fees

13 Oct - 14 Oct

A restaurant with indoor seating, hanging wicker lamps, and a view of the city through large windows.

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

A modern hotel lobby with a long corridor, seating areas, and large windows.

A modern hotel room with a large bed, two white sinks, a dark vanity, and a large mirror.

7. Hotel Reykjavik Saga

Downtown Reykjavik, 0.3 km from Rainbow Street

JASON

RM1,451

RM1,637 total

includes taxes & fees

14 Oct - 15 Oct

8. Freyja Guesthouse & Suites

Downtown Reykjavik, 0.5 km from Rainbow Street

Sunny

RM1,304

RM1,626 total

includes taxes & fees

15 Oct - 16 Oct

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

A spacious room with a long table and chairs, a red chair, and a bookshelf with various items.

A modern library with bookshelves, leather furniture, and a mix of seating areas.

A bar area with shelves of liquor bottles, a cash register, and stools.

9. Reykjavik Marina - Berjaya Iceland Hotels

Vesturbær, 0.8 km from Rainbow Street

Sarah

RM831

RM950 total

includes taxes & fees

14 Oct - 15 Oct

A round mirror reflecting a modern bathroom with a light fixture and a framed picture on the wall.

A stairwell with a modern design, a large window with blinds, a hanging light fixture, and a framed map on the wall.

A modern room with a radiator, a lamp, a chair, and a door leading to an outdoor area with a balcony.

A room with a large sliding glass door leading to an outdoor deck with a wooden table and chairs, a potted plant, and a view of neighboring houses.

10. Reykjavík Rainbow Guesthouse

Downtown Reykjavik, 0.1 km from Rainbow Street

Barbara

RM731

RM838 total

includes taxes & fees

17 Sept - 18 Sept

A buffet setup with various food items and a bottle of wine on a counter.

A wine bar with a selection of wine bottles and framed pictures on the wall.

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

A building with a sign that reads "4a Local 101" on the facade.

11. Hotel Local 101

Vesturbær, 0.7 km from Rainbow Street

Michael

RM697

RM801 total

includes taxes & fees

13 Oct - 14 Oct

A bar area with multiple shelves of bottles and glasses, bar stools, and a bar counter.

A modern interior with a hanging chair, a glass table with a bottle and glass, and a sofa.

A modern chair in a room with a large window overlooking a building with a spire.

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

12. ION City Hotel, a Member of Design Hotels

Downtown Reykjavik, 0.2 km from Rainbow Street

Ray

RM1,083

RM1,229 total

includes taxes & fees

12 Oct - 13 Oct

A modern indoor pool with a concrete interior, two potted plants, and a staircase leading to a higher level.

A modern bar with wooden accents, a well-stocked liquor shelf, and a seating area with tables and chairs.

A modern interior with a reception desk labeled "GYM&SPA" and a wooden floor.

A staircase leading to a rooftop garden with a water feature and a view of the cityscape.

13. Miðgarður by Center Hotels

Tún, 1 km from Rainbow Street

Thomas

RM1,064

RM1,207 total

includes taxes & fees

11 Oct - 12 Oct

A dining area with a wooden wall, multiple illuminated shelves with bottles, a dark leather chair, and a wooden floor.

A modern hotel room with a bed, desk, chair, and a small side table with a lamp and a plant.

A hallway with a wooden floor, a white door, a staircase with wooden steps, and two chairs with a potted plant.

A bar area with a marble countertop, multiple shelves of liquor bottles, and a bartender preparing drinks.

14. Apotek Hotel by Keahotels

Downtown Reykjavik, 0.3 km from Rainbow Street

Rachel Hamilton

RM958

RM1,090 total

includes taxes & fees

14 Oct - 15 Oct

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

A staircase with a patterned wall and metal railings.

A hotel room with a bed, a desk with a chair, a small table, and a TV.

A modern lounge area with blue chairs, round tables, and a staircase.

15. Canopy by Hilton Reykjavik City Centre

Downtown Reykjavik, 0.2 km from Rainbow Street

Seth

RM1,262

RM1,427 total

includes taxes & fees

11 Oct - 12 Oct

A hotel room with two beds, a sitting area with a table and chairs, a large window with a city view, and a painting on the wall.

A multi-story building with a brick facade, large windows, and a flat roof.

A compact kitchen with a built-in dishwasher, wooden cabinets, and a marble backsplash.

A modern hotel room with a view of a cityscape, including a prominent church spire.

16. Candlewood Suites Reykjavik by IHG

1 km from Rainbow Street

Glenn

RM820

RM937 total

includes taxes & fees

16 Oct - 17 Oct

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

A room with two grey armchairs with white cushions, a small round table with a glass and a green cup, and a window with sheer curtains.

A garden pathway with wooden lattice fencing, a bench, and a small tree with pink blossoms.

A wooden deck with a bench, potted plants, and a lattice screen.

17. Castle House Luxury Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

Leonard

RM616

RM962 total

includes taxes & fees

11 Oct - 12 Oct

A hotel reception area with a green wall and a reception desk.

A hotel room with a bed, a desk, a chair, a TV, and a window with curtains.

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.

A modern interior with a brick wall, a wood-burning stove, and a dining area with tables and chairs.

18. Hotel Reykjavik Centrum

Downtown Reykjavik, 0.5 km from Rainbow Street

SVETLANA

RM914

RM1,041 total

includes taxes & fees

13 Oct - 14 Oct

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

A modern staircase with a wooden handrail, leading to a white door at the top.

A modern building with multiple floors, large windows, and a well-lit storefront.

A modern reception area with a speckled reception desk, wooden paneling, and a large window with a city view.

19. Alda Hotel Reykjavik

Downtown Reykjavik, 0.6 km from Rainbow Street

Janice

RM934

RM1,064 total

includes taxes & fees

15 Oct - 16 Oct

A restaurant with tables set for dining, potted plants, and hanging plants.

A hotel with a modern facade, multiple windows, and a visible entrance.

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.

A modern hotel room with a wooden partition, a flat-screen TV, a bed with a blue headboard, a wooden chair, a small table with plants, and a window with curtains.

20. Odinsve Hotel Apartments

Downtown Reykjavik, 0.2 km from Rainbow Street

Elaine

RM1,013

RM1,151 total

includes taxes & fees

12 Oct - 13 Oct

View all properties

Compare popular hotels close to Rainbow Street

Property	Property class	Guest rating
Kvosin Downtown Hotel	9.8 Exceptional 1,002 reviews	View
Black Pearl Luxury Apartments	9.8 Exceptional 768 reviews	View
Old Charm Reykjavik Apartments	9.8 Exceptional 143 reviews	View
Sand Hotel by Keahotels	9.6 Exceptional 1,003 reviews	View
Reykjavik Residence Apartment Hotel	9.6 Exceptional 3,431 reviews	View

Top Rainbow Street Hotel Reviews

Hotel Von

8/10 Good

"It would have been beneficial to have coffee available in our room."

CityHub Reykjavik

10/10 Excellent

"As all the other reviews say, just great, great fun. Breakfast was really surprisingly good too. Location superb, and you really can't hear anything from the other hubs (pods) as the soundproofingis so good. I would always stay in a CityHub anywhere in the world if one was available, so please open more. Just one piece of advice for anyone over the age of 50, like me, with bad knees. Pick the bottom hub when you check in, not the top one. You'll thank me later!"

Reykjavik Residence Apartment Hotel

8/10 Good

"Great location."

Alda Hotel Reykjavik

8/10 Good

"Breakfast was great and its proximity to a lot of things is awesome. Not too much to say about the staff. You really need to ask for things. Small but good enough."

KEX Hotel and Hostel Reykjavik

10/10 Excellent

"Wonderful hostel in a great and walkable location! The on-site laundry and 2 kitchens were a huge plus. The decor was adorable and quirky. Only drawback was the nearby construction made parking a bit confusing, but the staff was incredibly helpful. There is also a bar and common area for travelers to hang out in!"

Fosshotel Reykjavik

10/10 Excellent

"Great breakfast buffet. Very friendly and helpful staff. Clean rooms."

Hotel Reykjavik Saga

10/10 Excellent

"Exceptional. I felt well taken care of."

Sand Hotel by Keahotels

10/10 Excellent

"Excellent location in the center of town within steps of restaurants, shops, and bars. Attentive and friendly front desk staff that were very helpful and provided great recommendations. The room was clean and cozy with a spa-like shower. Allow plenty of time to enjoy the the breakfast as they close promptly at 10:00. Highly recommend."

Hotel Fron

10/10 Excellent

"Will return again."

Other attractions near Rainbow Street

A coastal cityscape with a central road flanked by colorful buildings and a harbor in the background.

Skólavörðustígur

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

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A statue of a warrior holding a spear and shield, standing on a pedestal.

Arnarholl Statue

Learn about the local history of Reykjavik when you take a trip to Arnarholl Statue. Discover the top-notch restaurants and great live music in this walkable area.

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A church tower with a clock, a weather vane, and a crown symbol.

Reykjavík Cathedral

9.0/10 (886 reviews)

This humble church is Reykjavík’s oldest. It holds great historical importance as both the center of Iceland’s Lutheran faith and the birthplace of independence.

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National Theatre of Iceland

9.4/10 (3 reviews)

You can get tickets for a performance at National Theatre of Iceland during your trip to Reykjavik. Discover the great live music and shops in this culturally rich area.

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Þjóðmenningarhúsið

You can spend an afternoon exploring the galleries in Þjóðmenningarhúsið during your travels in Reykjavik. Discover the fascinating museums in this walkable area or seek out the local tours.

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Asgrimur Jonsson Collection

You can spend time studying the exhibits at Asgrimur Jonsson Collection during your travels in Reykjavik. Experience the fascinating museums and acclaimed theatre scene in this walkable area.

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Bæjarins Beztu Pylsur

You can enjoy retail therapy at Bæjarins Beztu Pylsur during your stay in Reykjavik.

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Austurvöllur

Learn about the local history of Reykjavik with a stop at Austurvöllur.

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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 787 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 Center Hotels Plaza and Fosshotel Reykjavik.

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

Expedia has 787 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, Aurora Reykjavík Northern Lights Center and Reykjavik City Museums feature a variety of fascinating exhibits to see while you're in town. Grotta Lighthouse, Sundhollin and Hofdi House 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.

Hotels near Rainbow Street

Change your mind

Treat yourself

Be picky

Check prices for these dates

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Star rating

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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. Sand Hotel by Keahotels

5. Reykjavik Residence Apartment Hotel

6. Iceland Parliament Hotel, Curio Collection By Hilton

7. Hotel Reykjavik Saga

8. Freyja Guesthouse & Suites

9. Reykjavik Marina - Berjaya Iceland Hotels

10. Reykjavík Rainbow Guesthouse

11. Hotel Local 101

12. ION City Hotel, a Member of Design Hotels

13. Miðgarður by Center Hotels

14. Apotek Hotel by Keahotels

15. Canopy by Hilton Reykjavik City Centre

16. Candlewood Suites Reykjavik by IHG

17. Castle House Luxury Apartments

18. Hotel Reykjavik Centrum

19. Alda Hotel Reykjavik

20. Odinsve Hotel Apartments

Compare popular hotels close to Rainbow Street

Top Rainbow Street Hotel Reviews

Hotel Von

CityHub Reykjavik

Reykjavik Residence Apartment Hotel

Alda Hotel Reykjavik

KEX Hotel and Hostel Reykjavik

Fosshotel Reykjavik

Hotel Reykjavik Saga

Sand Hotel by Keahotels

Hotel Fron

Other attractions near Rainbow Street

Skólavörðustígur

Arnarholl Statue

Reykjavík Cathedral

National Theatre of Iceland

Þjóðmenningarhúsið

Asgrimur Jonsson Collection

Bæjarins Beztu Pylsur

Austurvöllur

Frequently asked questions