The Best Hotels Closest to Rainbow Street in Reykjavik - 2026 Updated Prices

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Our top choices for Rainbow Street hotels

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

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

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

1. Kvosin Downtown Hotel

Downtown Reykjavik, 0.2 mi from Rainbow Street

NORIKO

£205

includes taxes & fees

27 Oct - 28 Oct

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

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

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

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

2. Black Pearl Luxury Apartments

Downtown Reykjavik, 0.4 mi from Rainbow Street

Dan

£230

includes taxes & fees

27 Oct - 28 Oct

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

A kitchen counter with various food items and utensils.

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

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.

3. Sand Hotel by Keahotels

Downtown Reykjavik, 0.2 mi from Rainbow Street

Kerry

£190

includes taxes & fees

20 Oct - 21 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 kitchen with a built-in coffee machine, a sink, and a 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.

4. Reykjavik Residence Apartment Hotel

Downtown Reykjavik, 0.2 mi from Rainbow Street

Jenina

£167

includes taxes & fees

26 Oct - 27 Oct

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

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

5. Hotel Reykjavik Saga

Downtown Reykjavik, 0.2 mi from Rainbow Street

Shomin

£244

includes taxes & fees

25 Oct - 26 Oct

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

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.

A modern living room with a sofa, a round coffee table, a floor lamp, and potted plants.

6. Reykjavik Treasure

Downtown Reykjavik, 0.3 mi from Rainbow Street

Christopher

£160

includes taxes & fees

6 Oct - 7 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 buffet with various food items and a wine glass rack in the background.

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

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.

7. Iceland Parliament Hotel, Curio Collection By Hilton

Downtown Reykjavik, 0.3 mi from Rainbow Street

Christina Margaret St

£245

includes taxes & fees

14 Oct - 15 Oct

8. Freyja Guesthouse & Suites

Downtown Reykjavik, 0.3 mi from Rainbow Street

Sunny

£211

includes taxes & fees

27 Oct - 28 Oct

A restaurant interior with high ceilings, hanging plants, and a bar area.

A high-ceilinged room with a metal railing, a hanging light fixture, and a window with curtains.

A cozy indoor area with a bookshelf displaying travel books, a seating area with tables and chairs, and a decorative hanging plant.

A restaurant interior with round tables, chairs, hanging spherical lamps, and a large Christmas tree.

9. Nordic Hostel

Downtown Reykjavik, 0.5 mi from Rainbow Street

Kebba

£305

includes taxes & fees

5 Oct - 6 Oct

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

A modern library with bookshelves, a leather sofa, a wooden table, and comfortable seating.

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.

10. Reykjavik Marina - Berjaya Iceland Hotels

Vesturbær, 0.5 mi from Rainbow Street

Glen

£126

includes taxes & fees

18 Oct - 19 Oct

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

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.

A modern reception area with wooden reception desk, black chairs, and potted plants.

11. Miðgarður by Center Hotels

Tún, 0.6 mi from Rainbow Street

Walter Clyde

£155

includes taxes & fees

21 Oct - 22 Oct

A restaurant with wooden flooring, a bar area with bottles, and a view of the street.

A storefront with a glass door, potted plants, and a sign for a restaurant.

A modern interior with a large window, a potted plant, and leather seating.

A hotel room with a large bed, a TV, and a view of an outdoor seating area through a window.

12. Hotel Von

Downtown Reykjavik, 0.3 mi from Rainbow Street

Paul

£136

includes taxes & fees

28 Oct - 29 Oct

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

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.

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

13. Apotek Hotel by Keahotels

Downtown Reykjavik, 0.2 mi from Rainbow Street

Jennifer

£183

includes taxes & fees

20 Oct - 21 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 hotel room with two beds, a round wooden side table, a mirror, and two black desk lamps.

14. Hotel Local 101

Vesturbær, 0.4 mi from Rainbow Street

Michaela

£127

includes taxes & fees

13 Oct - 14 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.

15. Hotel Reykjavik Centrum

Downtown Reykjavik, 0.3 mi from Rainbow Street

SVETLANA

£195

includes taxes & fees

26 Oct - 27 Oct

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

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

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

A restaurant with high stools and a long bench, a concrete wall, and hanging pendant lights.

16. ION City Hotel, a Member of Design Hotels

Downtown Reykjavik, 0.1 mi from Rainbow Street

Ray

£230

includes taxes & fees

6 Oct - 7 Oct

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

A modern building with large windows and a curved facade, located on a street with other buildings.

A buffet with various food items and a coffee station.

A modern hotel lobby with a checkered floor, a bar area, seating arrangements, and large windows with curtains.

17. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Downtown Reykjavik, 0.2 mi from Rainbow Street

Shannon

£234

includes taxes & fees

21 Oct - 22 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 a sectional sofa, a dining area, and large windows offering a view of an outdoor staircase.

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

18. Exeter Hotel

Downtown Reykjavik, 0.4 mi from Rainbow Street

Bridget

£188

includes taxes & fees

21 Oct - 22 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 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.

19. Canopy by Hilton Reykjavik City Centre

Downtown Reykjavik, < 0.1 mi from Rainbow Street

Kathrine

£245

includes taxes & fees

28 Oct - 29 Oct

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 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.

20. Castle House Luxury Apartments

Downtown Reykjavik, 0.2 mi from Rainbow Street

Leonard

£153

includes taxes & fees

18 Oct - 19 Oct

View all properties

Compare popular hotels close to Rainbow Street

Property	Property class	Guest rating
Kvosin Downtown Hotel	9.8 Exceptional 1,010 reviews	View
Black Pearl Luxury Apartments	9.8 Exceptional 775 reviews	View
Sand Hotel by Keahotels	9.6 Exceptional 1,001 reviews	View
Reykjavik Residence Apartment Hotel	9.6 Exceptional 3,446 reviews	View
Hotel Reykjavik Saga	9.6 Exceptional 772 reviews	View

Top Rainbow Street Hotel Reviews

Hotel Fron

10/10 Excellent

"Great Hotel centrally located to everything. Got into the room early which is much appreciated after an overnight flight. Right on the Main Street. Restaurants and coffee shops within a stone's throw. I would definitely stay here again"

Alva Hotel Brautarholt

10/10 Excellent

"Amazingly modern and beautiful hotel! Self check in and checkout were easy, the code system worked really well and the breakfast was absolutely spectacular!! Comfy beds, huge high pressure fantastic showers and an overall great experience! Couldn’t ask for a better hotel!"

CityHub Reykjavik

10/10 Excellent

"love it! :) perfect for solo travel"

Hotel Reykjavík Grand

8/10 Good

"Needed an umbrella in the inclement weather but hotel would not supply."

Hotel Von

10/10 Excellent

"Centrally located and comfortable bed. Everything needed for a few nights stay."

Center Hotels Plaza

10/10 Excellent

"Great location with all the basics and breakfast as well. Everything is in walking distance, including many tours. If you get the before check in, there's ample luggage storage."

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.

See properties

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.

See properties

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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Star rating

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Our top choices for Rainbow Street hotels

1. Kvosin Downtown Hotel

2. Black Pearl Luxury Apartments

3. Sand Hotel by Keahotels

4. Reykjavik Residence Apartment Hotel

5. Hotel Reykjavik Saga

6. Reykjavik Treasure

7. Iceland Parliament Hotel, Curio Collection By Hilton

8. Freyja Guesthouse & Suites

9. Nordic Hostel

10. Reykjavik Marina - Berjaya Iceland Hotels

11. Miðgarður by Center Hotels

12. Hotel Von

13. Apotek Hotel by Keahotels

14. Hotel Local 101

15. Hotel Reykjavik Centrum

16. ION City Hotel, a Member of Design Hotels

17. Reykjavik Konsulat Hotel, Curio Collection by Hilton

18. Exeter Hotel

19. Canopy by Hilton Reykjavik City Centre

20. Castle House Luxury Apartments

Compare popular hotels close to Rainbow Street

Top Rainbow Street Hotel Reviews

Hotel Fron

Alva Hotel Brautarholt

CityHub Reykjavik

Hotel Reykjavík Grand

Hotel Von

Center Hotels Plaza

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