Best Places to Stay in Reykjavik Iceland – Penthouses

If you’re looking for the best places to stay in Reykjavik Iceland then look no further. We’ve searched through all the best places to stay in Reykjavik Iceland in order to bring you the very best. Renting a penthouse is luxurious and can be affordable, particularly when traveling in a group. Below you’ll find the best places to stay in Reykjavik Iceland along with the top-rated nearby attractions, penthouse-style.

Reykjavík, located in southwestern Iceland, is the country’s capital and largest city. This Icelandic city sits on Faxaflói Bay and has a population of about 130,000 people. A popular tourist destination, Reykjavík is one of the cleanest and safest cities in the world.

Dating back to around 870 AD, Reykjavík was established by the Norse settler Ingólfr Arnarson, who is said to have found favor in the area’s hot springs. During World War II Reykjavík became occupied by allied forces and The United States built Keflavík Airport, which still serves today as the country’s main point for international travel.

The climate in this Nordic city is mild yet not extreme on the low-side, with the lowest temperature ever recorded at -3 degrees Fahrenheit. Summer temperatures average in the low 50s degrees Fahrenheit while winter temps average right around 32 degrees. Nightlife is lively in this city, with bars staying open until around 4:30 am on the weekends and 1 am on the weekdays. Some points of interest include AusturvöllurHarpa (concert hall), KringlanLaugardalslaugLaugavegur,PerlanThe Settlement ExhibitionReykjavik Art MuseumSafnahúsiðTjörninUniversity of Iceland and Reykjavik Maritime Museum. So let’s get to it and present to you the very best places to stay in Reykjavik Iceland.

Downtown Luxury Penthouse

Klapparstígur 1a 0602

Best Places to Stay in Reykjavik Iceland

What’s close?

Downtown Luxury Penthouse offers 2 bedrooms, city views, a living room, a fully-equipped kitchen with dishwasher and coffee machine, a hair dryer, a flat-screen TV, a terrace and is located near: Harpa (concert hall), Fiskfelagio (seafood restaurant), Tapas (restaurant), Micro Bar, Fish Mrkt (seafood restaurant), The Settlement Exhibition (viking museum), Bergsson (restaurant), Messinn (seafood restaurant), Apotek restaurant, Grillmarkadurinn (Icelandic restaurant), Laekjarbrekka (Icelandic restaurant), Dill Restaurant, Mokka Kaffi (cafe), Kaffibarinn (bar), Lebowski Bar, Sjavargrillio (seafood restaurant), Glo (restaurant), Gardurinn (vegan restaurant), Sandholt (bakery), Hurra (men’s clothing store), The National Theatre of Iceland, Bernhoftsbakari (bakery), Port 9 (wine bar), Holi (restaurant) and more.

Hallgrimskirkja Church and The Parliament House are 0.4 miles, Reykjavik City Hall and Laugavegur Shopping Street are 0.5 miles, University of Iceland is 0.8 miles, The Pearl is 1.3 miles, Laugardalsholl Stadium is 1.6 miles and Reykjavik Airport is 1.3 miles.


Approximate cost per night (penthouse apartment): $589

Cost per person (six people): $98


Nordic Apartments – Lækjargata Penthouse

Lækjargata 4 – Apartment 504

Best Places to Stay in Reykjavik Iceland

What’s nearby?

With 2 bedrooms, city views, free WiFi, a cable flat-screen TV, a kitchen and a seating area, Nordic Apartments – Lækjargata Penthouse is situated close to: Kornio bakari (bakery), Jomfruin (Dutch restaurant), Icelandic Craft Bar, The Secret Cellar (music & comedy club), Messinn (seafood restaurant), Icelandic Street Food, Bergsson (restaurant), Klaustur Bar, Apotek Restaurant, The English Pub, Gyllti kotturinn (women’s clothing store), Mandi Syrian Restaurant, The Drunk Rabbit Irish Pub, Burro (tapas & steaks) and more.

This location is 0.6 miles from University of Iceland, 1.7 miles from Kringlan Shopping Mall and Laugardalslaug Swimming Pool, 2.6 miles from Imagine Peace Tower, 3.6 miles Smaralind Shopping Center and 1.2 miles from Reykjavik Airport.


Approximate cost per night (penthouse apartment): $401

Cost per person (four people): $100


The Travelwrap Company


GreenKey Apartment A15

Ánanaust 15, Vesturbær

Best Places to Stay in Reykjavik Iceland

What’s in the area?

GreenKey Apartment A15 has 2 bedrooms, a balcony, a kitchen with a dishwasher, a washing machine, a hair dryer, a flat-screen TV and is located by: Ægisgarður (brewery), Omnom Chocolate Factory, DIVE.IS (scuba diving & snorkeling), Farmers Market (clothing store), Troll Expeditions (tour operator), La Primavera Ristorante, Living art museum, Grandi Matholl (food court), Bergsson RE (restaurant), Kaffivagninn (restaurant), Burio (grocery store), Valdis (ice cream shop), 17 Sortir (cake shop), Sjavarbarinn (seafood restaurant), Fish and Chips Vagninn, Bonus (supermarket), Kronan (discount supermarket), Kaffihus Vesturbæjar (bistro) and more.

From this locale you will find University of Iceland 0.8 miles, Solfar Sun Voyager 1.1 miles, Laugavegur Shopping Street 1.5 miles, The Pearl 1.9 miles, Laugardalsholl Stadium 2.5 miles and Reykjavik Airport 1.6 miles.


Approximate cost per night: $356

Cost per person (six people): $60


How To Travel In Paris France – Penthouses

RARE Apartments

Njálsgata 31A

Best Places to Stay in Reykjavik Iceland

Laugavegur Shopping Street

RARE Apartments feature 1 bedroom, free WiFi, a living room, a seating area, a flat-screen TV, a fully-equipped kitchen with dining room, an oven, a toaster, a coffee machine, an electric tea pot and are positioned near: Reykjavik Roasters (cafe), Braud & Co. (bakery), Valdis (ice cream shop), BrewDog (bar), Reykjavik Meat (restaurant), kvartyra49 (clothing store), Gull & Silfur (jeweler), Bonus (grocery store), Kormaks & Skjaldar (men’s clothing store), Reykjavik Chips, Old Iceland (Icelandic restaurant), Te & Kaffi (coffee shop), Stefan B. Chocolatier and more.

National Museum of Iceland is 0.7 miles, The Pearl is 1 mile, Vesturbaejarlaug Swimming Pool is 1.1 miles, Imagine Peace Tower is 2.4 miles and Reykjavik Airport is 1 miles from this spot.


Approximate cost per night: $332

Cost per person (three people): $111


Bleach London


The Swan House

Vatnsstígur 11

Best Places to Stay in Reykjavik Iceland

What’s around?

Offering self-catering kitchen facilities, free WiFi, flat-screen TVs, wooden floors, stove tops, toasters, coffee/tea makers and large beds, The Swan House can be found near: Port 9 (wine bar), Early in the Morning (breakfast restaurant), Sun Voyager (historical landmark), Bernhoftsbakari (bakery), KEX Hostel Restaurant, Emilie and the Cool Kids (coffee shop), Nat (restaurant), Matwerk Kitchen, Snaps Bistro, Kol Restaurant, Drekinn Grill Soluturn, Sundhöll Reykjavíkur (public swimming pool), Resto (seafood restaurant), Ásmundarsalur (art gallery), Leifur Eiríksson (historical landmark), Listvinahúsið (art gallery) and more.

From here you’ll find National Museum of Iceland 0.7 miles, University of Iceland 0.8 miles, The Pearl 1.2 miles, Smaralind Shopping Center 3.4 miles and Reykjavik Airport 1.2 miles.


Approximate cost per night: $307

Cost per person (four people): $77


Svala Apartments

Laugavegur 71

Best Places to Stay in Reykjavik Iceland


Svala Apartments offers a penthouse rental option and has rooms with free WiFi, fully-equipped kitchens with dining areas, toasters, fridges, stove tops and electric teapots. Nearby you’ll find: Irezumi Ink Iceland (tattoo shop), Hokus Pokus (costume store), Fjallraven (outdoor clothing store), Old Iceland (Icelandic restaurant), Stefan B. Chocolatier, Monako (casino), Penninn (book store), Mai Thai Market and more.

The Parliament House is 0.6 miles, Reykjavik City Hall and Hljomskalagardurinn are 0.7 miles, Reykjavik Old Harbour and National Museum of Iceland are 0.8 miles, Vesturbaejarlaug Swimming Pool, Kringlan Shopping Mall and Laugardalslaug Swimming Pool are 1.2 miles and Reykjavik Airport is 1.2 miles from this property.


Approximate cost per night (penthouse apartment): $267

Cost per person (four people): $67


Blacklane Pass


Old Charm Reykjavik Apartments

Vatnsstígur 10B

Best Places to Stay in Reykjavik Iceland

Central Reykjavik

Old Charm Reykjavik Apartments features free WiFi, fully-equipped kitchens, flat-screen TVs, balconies, terraces and is set near: Public House (gastropub), Scandinavian (restaurant), Vedur (bar), Kaldi Bar/Cafe, Cupcake Cafe, Smakkbarinn (restaurant), Reykjavik Record Shop, Mengi (art venue), Smekkleysa (record store), 12 Tonar (record store), Gjoska (clothing store), The Handknitting Association of Iceland, Fotografi (art gallery), Cafe Babalu, Krua Thai, Art Gallery 101, Bio Paradis (movie theater) and more.

This location is 0.3 miles from Hallgrímskirkja Church and The Offices of the Cabinet of Iceland, 0,6 miles from Hljomskalagardurinn and Reykjavik Old Harbour, 1.2 miles from The Pearl, 14 miles from Mount Esja and 1.2 miles from Reykjavik Airport.


Approximate cost per night (three bedroom): $540

Cost per person (seven people): $78



Kvosin Downtown Hotel

Kirkjutorg 4

Best Places to Stay in Reykjavik Iceland

Reykjavík Cathedral

With modern rooms, free WiFi, seating areas, flat-screen TVs, kitchenettes with dining areas, fridges and cooking hobs, Kvosin Downtown Hotel is near: Klauster Bar, Bergsson (restaurant), Skolabru Restaurant, Gandhi Indian Restaurant, Icelandic Street Food, Messinn (seafood restaurant), The Secret Cellar (music & comedy club), Icelandic Craft Bar, Icelandic Deli, IDNO (cafe) and more.

Hallgrímskirkja Church, Solfar Sun Voyager and University of Iceland are 0.5 miles, Vesturbaejarlaug Swimming Pool is 0.7 miles, Elliðaár River is 3.7 miles, Esja Mountain is 15.2 miles, Bláfjöll Ski Lift is 21.1 miles and Reykjavík Airport is 1.1 miles from this hotel.


Approximate cost per night (executive suite): $814

Cost per person (six people): $136





Theater Row Apartments

Lindargata 14

Best Places to Stay in Reykjavik Iceland

Near here?

Theater Row Apartments feature free WiFi, seating areas, flat-screen TVs, kitchens, dishwashers, ovens, coffee machines, toasters, electric tea pots and sit near: Berg Contemporary (art gallery), Miami Bar, HYALIN (Deli), Pink Iceland (tour agency), Embassy of Denmark, Hurra (men’s clothing store), BrewDog (bar), Port 9 (wine bar), Early in the Morning (breakfast restaurant) and more.

You will find The Parliament House, Hallgrímskirkja Church and Reykjavík City Hall 0.4 miles, Laugavegur Shopping Street and Hljomskalagardurinn 0.6 miles, University of Iceland 0.8 miles, Imagine Peace Tower 2.4 miles and Reykjavík Airport 1.2 miles from this locale.


Approximate cost per night (three bedroom): $452

Cost per person (eight people): $57


Planet Apartments

Ægisgata 5, Vesturbær

Best Places to Stay in Reykjavik Iceland

And this one?

Planet Apartments offers a penthouse apartment as well as additional apartments that feature furnished balconies, free WiFi, private parking, fully-equipped kitchens and are located near: Steakhouse, Sægreifinn (restaurant), The Cinema (entertainment), Cafe haiti, Reykjavík Röst (coffee shop), Kopar (restaurant), Caruso Harbor (restaurant), Reykjavik by Boat (tour operator), The Harbor Restaurant, RIO Reykjavik (restaurant), DEIG Workshop (bakery), Forettaberinn (restaurant) and more.

This property is 0.6 miles from National Museum of Iceland and Vesturbaejarlaug Swimming Pool, 0.7 miles from Hljomskalagardurinn, University of Iceland and Solfar Sun Voyager, 1.7 miles from The Pearl, 2.7 miles from Imagine Peace Tower and 1.4 miles from Reykjavík Airport.


Approximate cost per night (penthouse apartment): $338

Cost per person (four people):  $85


So there they are, Reykjavík, Iceland’s finest penthouse and luxury apartment rentals. We hope you have found your perfect Reykjavik accommodation and most importantly, that you enjoy your stay!

26 Replies to “Best Places to Stay in Reykjavik Iceland – Penthouses”

  1. Thanks for putting this nice content up. I love adventures generally and I love to visit new places, make new friends,  experience new atmosphere, new meals and stuff. I’ve never been to Iceland but after reading all these suggestions, it seems that the next vacation home for me is Iceland. I would really love to stay in these penthouses. It sure should be a lot of fun.

    1. Hi RoDarrick and thank you for the comments! Reykjavik has some of the best attractions and restaurants out there, not to mention the beautiful scenery. Thanks again for commenting and happy travels 🙂

  2. Hey there,

    Firstly I would like to thank you for writing this informative and helpful article. I love to travel and to be honest I travel a lot. I was thinking to pay a visit to Iceland. The hardest part of a trip is to find the best accomodation. And you saved a lot of my time and hard work by showing this awesome penthouses. I personally liked the Greenkey Apartment so much as there is so many faculties. So I think I will choose that. 

    Again thank you for writing this awesome article.

    1. Hello Mahin! So glad you found a penthouse to choose. Iceland is such a wonderful place with so many great restaurants and activities. Your review is much appreciated. Have a great trip!

  3. Iceland has been on my to do list for quite some time now.  I really appreciate, not only the fine list of places to stay you have provided but, the listing of what’s nearby, so I can plan my visit.

    I’m just not sure exactly where I want to be quite yet.  I’ve followed a few of the links you provided and, honestly, I’m amazed at how affordable a penthouse can be for a couple of nights.  Seriously, I’ve paid more for less in Chicago!

    I think it’s time to do some planning.

    Thank you so much,

    1. Hi Scott and thank you! So very glad you found the prices to be reasonable as Iceland is a fantastic trip that everyone must try at least once. Best wishes and happy travels 🙂

  4. I absolutely love your website! Love the research you’ve done to show visitors the amenities and nearby attractions to each apartment. I haven’t considered visiting Iceland before, but your review of these places to stay have got me interested! So handy to have the links to all the possibilities all in one place too! 

    1. Hi Tama thank you so much! Glad you found value in the listing and attractions and hope you get to visit Iceland very soon 🙂

  5. Judging from these photos, these look like a very good place to visit during a vacation. Thanks for sharing though i Haven’t been to any of these places nor even Iceland to start with. But wow, these names are tongue twisters. I am not sure of correctly pronoucing even a single one of them. Like “kvartyra49” for instance, I don’t even know how to start with it. 

  6. Hi 

    I love your site, It’s super clean and pleasing to the eye. Your layout is nice and very informative while maintaining an elegant appearance. The sentence structure is done well and I had no problem with the way the information flowed.

     An about/about me page would be nice just to add that personal touch, It helps build trust with your audience which is key when people are looking at something which will be a personal preference. This is the only thing that really stuck out to me, I encourage you to keep up the good work, it can only get better from here.

    Great job!

  7. Hello. Never been to Iceland. Looking at these penthouses i can say i like (visually) the Rare Apartments Penthouse. It looks like a quite simple, warm design and the furniture looks comfy.

    But because im turning into a vegan, my choice will be the Downtown Luxury Penthouse which has a vegan restaurant nearby. As for the landmarks of Iceland, never heard of them but i will make sure i will visit them (well if i go there why not visit them).

    The article was informational and a pleasure to read. Cheers.

    1. Thank you George! Glad you pinpointed your favorite penthouses and found value in the post. Happy travels 🙂

  8. Njalsgata 31A is definitely a good location for me here. Iceland is one of those countries (along with the rest of Scandinavia) I want to visit so the list of places to stay here will help me out a lot, but Njalsgata tops my list. Located within walking distance from the National Museum, plus The Pearl, it adds two pluses to my reasoning as to why it’s the ideal location on my list. 

    1. Thank you for the comment Todd! Happy to hear you found a solid choice in Njalsgata 31A. Iceland is a beautiful place with so many great restaurants. Have a fantastic trip!

  9. Explorations and adventures are the reasons humans don’t get bored of life, that’s my mantra and the reason I try to explore the world. You have suggested excellent places to visit if one was to visit Reykjavik part of Iceland and the penthouses suggested here are radiating ambience if tranquil serenity. What better places to explore if not the bests that you have single picked out in this article. Great one. Cheers


  10. These places are absolutely beautiful. If I ever get the chance to stay just one night at any of these places it would be awesome. I’m definitely going to have to have a ton of money to make something like this happen. Has any of you been to these places before? I’d like to hear about some experiences!

  11. Wow, who would have believed that such exquisite places existed in Iceland and the cost is very reasonable for what you are getting. 

    I was surprised to read that temperatures only reach as low as -3 as I would have thought it would be much lower. I was also surprised to read that the city buzzed at night with night spots staying open until 4:40. This may be a great place to consider visiting. 

  12. Hi

    As I live in England it would not be a far trek to Iceland and it is a country which I want to visit for so long. It is always good to find recommendation for a place to stay and your article is most useful in this regard. It seem reasonable price if traveling in a large group but individually it is on the steep side. 

    Icelandic people are very friendly and it would be good to visit it one day soon. I know that some Icelandic dishes are an acquired taste but I am willing to try anything.



  13. I love to travel in general, and Iceland was one of the most remarkable destinations. I’ve been there many years ago. Luckily, we stayed with local friends in their house. The Penthouses you described are awesome, but I would never pay that much for a night. I don’t travel with the groups – only my family of 3, and it’s one pocket. 🙂 I do appreciate that not only you described the property, but also provided points of interests near each one.

    Thank you for giving short historical facts on the country, its climate, and an overview of the city at the beginning of your post.

    Great information for people who are traveling in the groups or not on a tight budget. Thank you.

    ~ Julia

    1. Julia thank you for the comments. Glad to hear that you’ve been to Iceland. Perhaps if you find the right group someday you can partake in a penthouse 🙂

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