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Student Housing in Reykjavik

ISK 130,000/month

Private room

Room at Hofsvallagata, Reykjavik

ISK 125,000/month

Private room

Room at Hringbraut, Vesturbær

€790/month

Private room

Room at Laufásvegur, Reykjavik

ISK 365,000/month

Entire place

Apartment at Vesturvallagata, Reykjavik

ISK 141,000/month

Private room

Room at Hringbraut, Vesturbær

ISK 130,000/month

Private room

Room at Suðurgata, Reykjavik

ISK 125,000/month

Private room

Room at Suðurgata, Reykjavik

€700/month

Private room

Room at Miðtún, Reykjavik

ISK 170,000/month

Shared room

Room at Suðurgata, Reykjavik

€770/month

Private room

Room at Öldugata, Vesturbær

€1,200/month

Shared room

Room at Skógarhlíð, Reykjavik

€700/month

Private room

Room at Miðtún, Reykjavik

€1,900/month

Entire place

Apartment at Tryggvagata, Reykjavik

ISK 148,000/month

Private room

Room at Guðrúnargata, Reykjavik

€1,750/month

Entire place

Apartment at Bergþórugata, Reykjavik

ISK 127,000/month

Private room

Room at Hringbraut, Reykjavik

€700/month

Private room

Room at Miðtún, Reykjavik

ISK 110,000/month

Private room

Room at Framnesvegur, Reykjavik

€1,200/month

Shared room

Room at Skógarhlíð, Reykjavik

€775/month

Private room

Room at Bogahlíð, Reykjavik

Student accommodation, flats, and rooms for rent in Reykjavik

Reykjavik, the capital of Iceland, is the country’s largest and most multicultural city in Iceland. It’s a peaceful yet lively city with a lot of It is a quiet and peaceful city, as well as a lively place with a lot of personality, an active nightlife, street art on every corner, and beautiful natural surroundings.

Available accommodationTotalAverage price
Private room Reykjavík84€1202
Residence Reykjavík0
Studio Reykjavík0
Entire place Reykjavík42€2316
*Last update:

While Iceland's winters are cold, summers are mild, offering opportunities to explore natural pools and the island’s spectacular landscapes.

Wondering how to find cheap accommodation in Reykjavik? In this article, we’ll provide tips for finding student accommodation in Reykjavik. Start your search early, as prices tend to rise as the school year approaches.

Student apartments for rent in Reykjavik

Reykjavik is a popular choice among international students, which leads to a high demand for rental apartments in the city. While there are many options outside the city centre, be aware that public transport isn’t as extensive as in other European cities.

Studio flats in this city start at around €520 per month. You can also find larger options, like a four-bedroom apartment starting at €700 per month, in neighbourhoods farther from the centre. Use the Erasmus Play search engine to compare verified rental listings, view the images, check their locations, and other features. Once you find the ideal place, you can book it 100% online securely to ensure no one else rents it before you.

Student rooms for rent in Reykjavik

Renting a room in a shared apartment is a popular choice among students moving to Reykjavik, as it helps save on rental costs and expenses.

In this Icelandic city, you can find both private rooms and shared ones for two people. Most rooms usually come with a closet and a desk for comfortable studying.

The price of a private room in a shared flat in Reykjavik starts at €390 per month, with the average ranging between €550 and €600 per month. Shared rooms typically begin at around €400 per month, with an average price of €480 per month.

Student accommodation in Reykjavík

Many students move to Reykjavík every year, looking for well-priced, furnished accommodation close to the universities. Here are some of the best neighbourhoods to live in Reykjavik as a student:

Apartments in Miðborg

This neighbourhood is the centre of Reykjavík, buzzing with energy thanks to its numerous bars, restaurants, and attractions like the Sun Voyager sculpture and Hallgrimskirkja church. Studio apartments here start at €710 per month, with an average price of €1300 per month. If you’re looking for a shared flat with two bedrooms, prices start at €1550, with an average price of €1700.

Apartments for rent in Vesturbær

Vesturbær is a quiet residential area located next to the city centre. It has easy access to bars and restaurants while maintaining a peaceful atmosphere. Studio apartments here usually cost around €700 per month, and usually come with a closet, desk, heating, and a washing machine. You can also find two-bedroom apartments for approximately €1300 and three-bedroom apartments for about €1620 per month.

Rooms for rent in Laugardalur

Laugardalur is a residential area a bit far from the city centre but well connected by public transport. Here you’ll find attractions like the outdoor swimming pool, zoo, and botanical garden.

Rooms here typically come with a closet and desk, and the flats have a fully equipped kitchen, TV, internet, and washing machine. Prices start at €390 per month, having an average cost of around €450 per month.

Erasmus accommodation near the universities of Reykjavik

Most students who move to Reykjavik choose one of these two universities:

Reykjavik University

This institution is the largest private university in Iceland, offering amenities like a gym, cinema, restaurant, and library. It’s located south of the Miðborg neighbourhood, which is the city centre. Students attending this university often look for student housing in Hlíðar, Suðurhlíðar, or Háaleiti.

If you want to find convenient housing close to Reykjavik University, check out this article.

University of Iceland

The University of Iceland is the country’s largest and oldest institution. Its campus is in Vesturbær, which is a popular area among students. Because it’s close to the university, Vesturbær and the city centre are great options for finding student accommodation near campus. In this other article you'll find more details about this topic, while through this link you can check out all its faculties.

University residence in Reykjavik

Reykjavik student residences, also known as Guesthouses, usually cost about the same as renting a room in a shared apartment. In these residences, you typically have to share the bathroom and the kitchen with other students.

Frequently Asked Questions about living in Reykjavik

Sharing a flat with other students in Reykjavik?
The cost of living in Reykjavik is high, so sharing a flat with other students can significantly reduce your monthly expenses. Plus, it’s more fun to share the experience with other students in the same situation!
How much does a spare room cost in Reykjavik?
The price of a spare room in a shared apartment varies. A private room in a neighbourhood farther from the city centre starts at €390 per month, while a shared room in a central area starts at €400 per month.
How to find an apartment near the University of Iceland?
We recommend using the Erasmus Play search engine to see the availability of apartments from different platforms and online companies. Consider neighbourhoods like Vesturbær and the centre of Reykjavik.
How much is the approximate monthly expense for students in Reykjavik?
Living in Reykjavik is expensive. On average, students spend around €900 per month, which covers living in a room in a shared flat, food, and some leisure activities. However, if you plan to travel around the country, you’ll need to budget for those additional expenses.
Why go on Erasmus to Reykjavik?
Reykjavik offers a unique chance to immerse yourself in a new and different culture. You’ll get to experience the Icelandic lifestyle, enjoy many leisure activities, and try the local cuisine. Plus, Iceland has countless stunning places to explore, and its academic system is one of the best in the world.

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