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 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 large windows with blinds.

A modern hotel reception desk with a wooden finish and a black leather seating area.

1. Black Pearl Luxury Apartments

Downtown Reykjavik, 0.6 km from Rainbow Street

Dan

₹24,111

₹27,627 total

includes taxes & fees

3 Nov - 4 Nov

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

A bar area with a counter, multiple shelves of bottles, and hanging light fixtures.

2. Kvosin Downtown Hotel

Downtown Reykjavik, 0.4 km from Rainbow Street

William

₹18,230

₹20,869 total

includes taxes & fees

1 Nov - 2 Nov

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

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 spacious lobby with a modern design, featuring a geometric ceiling, large circular lights, and a central seating area with sofas and a coffee table.

3. Iceland Parliament Hotel, Curio Collection By Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

₹24,906

₹28,280 total

includes taxes & fees

3 Nov - 4 Nov

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

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.

A modern interior with leather seating, a bar area, and large windows.

4. Hotel Reykjavik Saga

Downtown Reykjavik, 0.3 km from Rainbow Street

JASON

₹28,372

₹32,128 total

includes taxes & fees

1 Nov - 2 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.

A dining area with a wooden table and black chairs, a modern pendant light, and a kitchen with black cabinets and a white dishwasher.

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

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

5. Reykjavik Residence Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

Jenina

₹17,439

₹19,990 total

includes taxes & fees

2 Nov - 3 Nov

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

A room with a glass-fronted wardrobe, a Christmas tree, and a coat rack.

A house with a front door, a staircase, and a snow-covered ground.

A living room with a grey sofa, a glass coffee table, a red patterned armchair, and a blue wall.

6. Reykjavik Treasure

Downtown Reykjavik, 0.6 km from Rainbow Street

Christopher

₹17,822

₹20,416 total

includes taxes & fees

27 Oct - 28 Oct

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

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

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

A staircase with a patterned wall and metal railings.

7. Canopy by Hilton Reykjavik City Centre

Downtown Reykjavik, 0.2 km from Rainbow Street

Tina

₹21,261

₹24,235 total

includes taxes & fees

1 Nov - 2 Nov

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

A bedroom with a bed, bedside lamps, a chair, a small table, and a door.

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

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

8. Castle House Luxury Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

thomas

₹11,225

₹18,876 total

includes taxes & fees

18 Oct - 19 Oct

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

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

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

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

Christine

₹9,903

₹11,794 total

includes taxes & fees

18 Oct - 19 Oct

A lobby with arched windows, a chandelier, and a painting on the wall.

A hotel lobby with a marble floor, a large mirror, and a chandelier.

A spa area with a row of massage tables, a tiled floor, and a wall with a textured pattern.

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

10. Hotel Borg by Keahotels

Downtown Reykjavik, 0.3 km from Rainbow Street

David

₹22,175

₹25,248 total

includes taxes & fees

1 Nov - 2 Nov

A multi-story residential building with balconies, a flat roof, and a mountainous backdrop.

A modern living room with a sofa, a dining table with chairs, a red chair, a TV, and a black rug.

A modern living room with a sofa, coffee table, TV, and dining area.

A compact kitchen with a stove, coffee maker, and a dining area with a table and chairs.

11. Reykjavik4you Apartments

Downtown Reykjavik, 0.1 km from Rainbow Street

Katherine

₹11,749

₹20,187 total

includes taxes & fees

12 Oct - 13 Oct

A hotel room with a large window, a bed, and a view of a cityscape.

A corner of a room with a wooden bench, a large window, and a visible exit sign.

A modern interior with seating areas, a bar, and a visible store named 'DEFC'.

A modern interior with a sectional sofa, a dining area, and large windows offering a view of an outdoor staircase.

12. Exeter Hotel

Downtown Reykjavik, 0.7 km from Rainbow Street

₹18,495

₹21,163 total

includes taxes & fees

29 Oct - 30 Oct

A modern dining area with white tables and chairs, a counter with breakfast items, and a grey cushioned seating area.

A modern living room with a sofa, a wooden coffee table, a TV, and a dining table set for two.

A hotel room with two beds, a bedside table with a lamp, a small shelf, and a window with a view of buildings.

A hotel reception area with a wooden reception desk, a closed door, and a view into a dining area with white tables and chairs.

13. Guesthouse Sunna

Downtown Reykjavik, 0.4 km from Rainbow Street

Joanne

₹10,813

₹12,635 total

includes taxes & fees

23 Oct - 24 Oct

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

A restaurant with a large mural of tropical leaves, cushioned seating, and round tables.

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

A modern loft bedroom with a sloped ceiling, a large bed, a dining area with a table and chairs, and a black leather sofa.

14. Vintage Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

travis

₹14,730

₹22,564 total

includes taxes & fees

22 Oct - 23 Oct

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

A person reading a book at a round table with a glass of wine, a vase with dried flowers, and a tufted sofa in the background.

15. Hotel Local 101

Vesturbær, 0.7 km from Rainbow Street

Michaela

₹10,449

₹12,234 total

includes taxes & fees

2 Nov - 3 Nov

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

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

A compact kitchen with a built-in microwave, coffee maker, and sink.

16. Candlewood Suites Reykjavik by IHG

1 km from Rainbow Street

Ryan

₹15,953

₹18,342 total

includes taxes & fees

2 Nov - 3 Nov

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

A modern lobby with a seating area, a staircase, and an elevator.

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.

17. Hotel Reykjavik Centrum

Downtown Reykjavik, 0.5 km from Rainbow Street

Leslie

₹19,367

₹22,132 total

includes taxes & fees

3 Nov - 4 Nov

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

A modern outdoor seating area with plush chairs and tables, overlooking a body of water and mountains.

A modern living room with a fireplace, large windows, and a view of a cityscape at dusk.

A modern dining area with a large table and chairs, a view of a cityscape at dusk, and a cozy seating area with a sofa and a coffee table.

18. The Reykjavik EDITION

Downtown Reykjavik, 0.5 km from Rainbow Street

Shannon

₹38,878

₹49,342 total

includes taxes & fees

1 Nov - 2 Nov

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

A bar area with a long counter, stools, and hanging pendant lights.

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

₹12,377

₹14,672 total

includes taxes & fees

9 Nov - 10 Nov

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 hotel entrance with a classic facade, large arched windows, and a prominent sign.

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

20. Apotek Hotel by Keahotels

Downtown Reykjavik, 0.3 km from Rainbow Street

Jennifer

₹20,234

₹23,094 total

includes taxes & fees

1 Nov - 2 Nov

View all properties

Compare popular hotels close to Rainbow Street

Property	Property class	Guest rating
Black Pearl Luxury Apartments	9.8 Exceptional 780 reviews	View
Kvosin Downtown Hotel	9.8 Exceptional 1,001 reviews	View
Iceland Parliament Hotel, Curio Collection By Hilton	9.6 Exceptional 347 reviews	View
Hotel Reykjavik Saga	9.6 Exceptional 785 reviews	View
Reykjavik Residence Apartment Hotel	9.6 Exceptional 3,475 reviews	View

Top Rainbow Street Hotel Reviews

Fosshotel Reykjavik

10/10 Excellent

"Less than a 10 minute walk to the main shopping area. Parking on the streets around the hotel were readily available and free in the evenings - used the EasyPark app to pay during morning hours if needed. The cappuccino from the self-serve coffee machine during breakfast was amazing!"

CityHub Reykjavik

10/10 Excellent

"This was perfect for someone traveling solo who doesn’t need a bunch of amenities. I had a solo hub and had a blast I was actually thinking of extending my stay… I would definitely stay here again or at the other locations"

KEX Hotel and Hostel Reykjavik

10/10 Excellent

"Friendly staff a wonderful location."

Alda Hotel Reykjavik

10/10 Excellent

"Great location, friendly staff"

Hotel Reykjavik Saga

10/10 Excellent

"Beautiful hotel, great location, lovely helpful staff. Bed was very comfortable. Restaurant has delicious breakfast and dinner. Staff very aware about coeliac and cross contamination."

Center Hotels Plaza

10/10 Excellent

"clean , breakfast and location very good"

Center Hotels Arnarhvoll

10/10 Excellent

"Breakfast was amazing. This hotel is close to bus stop 5, and 14. When you’re booking a tour this will help you to get the best deal of where the tour buses stop. It’s in a nice location where you are able to see the sea, boats and other things outside the when you’re having breakfast in the 8th floor. I highly recommend this hotel and its staff are really top notch."

Hotel Fron

8/10 Good

"All in all I can’t really complain shower temperature and pressure was fantastic. Beds were comfy. I just think the Expedia photos made it look more modern than it felt in person, so I was initially dissappointed when I arrived at my room."

Sand Hotel by Keahotels

10/10 Excellent

"Great location. Excellent breakfast."

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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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 white church with a clock tower and a weather vane.

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 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.

Search Hotels Near Rainbow Street, Reykjavik

Change your mind

Treat yourself

Be picky

Check prices for these dates

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Our top choices for Rainbow Street hotels

1. Black Pearl Luxury Apartments

2. Kvosin Downtown Hotel

3. Iceland Parliament Hotel, Curio Collection By Hilton

4. Hotel Reykjavik Saga

5. Reykjavik Residence Apartment Hotel

6. Reykjavik Treasure

7. Canopy by Hilton Reykjavik City Centre

8. Castle House Luxury Apartments

9. Reykjavik Marina - Berjaya Iceland Hotels

10. Hotel Borg by Keahotels

11. Reykjavik4you Apartments

12. Exeter Hotel

13. Guesthouse Sunna

14. Vintage Apartment Hotel

15. Hotel Local 101

16. Candlewood Suites Reykjavik by IHG

17. Hotel Reykjavik Centrum

18. The Reykjavik EDITION

19. Alda Hotel Reykjavik

20. Apotek Hotel by Keahotels

Compare popular hotels close to Rainbow Street

Top Rainbow Street Hotel Reviews

Fosshotel Reykjavik

CityHub Reykjavik

KEX Hotel and Hostel Reykjavik

Alda Hotel Reykjavik

Hotel Reykjavik Saga

Center Hotels Plaza

Center Hotels Arnarhvoll

Hotel Fron

Sand Hotel by Keahotels

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