The Best Hotels Closest to Rainbow Street in Reykjavik for 2026

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

1. Black Pearl Luxury Apartments

Downtown Reykjavik, 0.6 km from Rainbow Street

Dan

AED 925

AED 1,058 total

includes taxes & fees

28 Oct - 29 Oct

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.

2. Kvosin Downtown Hotel

Downtown Reykjavik, 0.4 km from Rainbow Street

William

AED 691

AED 791 total

includes taxes & fees

1 Nov - 2 Nov

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 room with a brick fireplace, a wooden staircase, and a view into a bathroom.

3. Old Charm Reykjavik Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

Jennifer

AED 689

AED 789 total

includes taxes & fees

9 Nov - 10 Nov

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

4. Hotel Reykjavik Saga

Downtown Reykjavik, 0.3 km from Rainbow Street

JASON

AED 1,076

AED 1,218 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 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 spacious lobby with a modern design, featuring a geometric ceiling, large circular lights, and a central seating area with sofas and a coffee table.

5. Iceland Parliament Hotel, Curio Collection By Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Christina Margaret St

AED 944

AED 1,072 total

includes taxes & fees

3 Nov - 4 Nov

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 wine cellar with wooden shelves and a bench.

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

6. Hotel Von

Downtown Reykjavik, 0.5 km from Rainbow Street

Paul

AED 488

AED 577 total

includes taxes & fees

2 Nov - 3 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 modern kitchen with a built-in coffee machine, a sink, and a dishwasher.

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

7. Reykjavik Residence Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

Jenina

AED 663

AED 759 total

includes taxes & fees

2 Nov - 3 Nov

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

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

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

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

8. Reykjavik Marina - Berjaya Iceland Hotels

Vesturbær, 0.8 km from Rainbow Street

Christine

AED 384

AED 456 total

includes taxes & fees

18 Oct - 19 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 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.

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

9. Hotel Local 101

Vesturbær, 0.7 km from Rainbow Street

Michaela

AED 397

AED 464 total

includes taxes & fees

2 Nov - 3 Nov

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

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.

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

10. Canopy by Hilton Reykjavik City Centre

Downtown Reykjavik, 0.2 km from Rainbow Street

Tina

AED 806

AED 919 total

includes taxes & fees

9 Nov - 10 Nov

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 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.

11. Castle House Luxury Apartments

Downtown Reykjavik, 0.3 km from Rainbow Street

thomas

AED 426

AED 716 total

includes taxes & fees

18 Oct - 19 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.

12. Candlewood Suites Reykjavik by IHG

1 km from Rainbow Street

Ryan

AED 605

AED 695 total

includes taxes & fees

2 Nov - 3 Nov

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 white building with a large entrance, arched windows, and a sign that reads "HOTEL BORG".

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

13. Hotel Borg by Keahotels

Downtown Reykjavik, 0.3 km from Rainbow Street

David

AED 841

AED 957 total

includes taxes & fees

1 Nov - 2 Nov

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

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

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

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

14. Reykjavik4you Apartments

Downtown Reykjavik, 0.1 km from Rainbow Street

Katherine

AED 445

AED 765 total

includes taxes & fees

12 Oct - 13 Oct

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

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

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.

15. Reykjavik Konsulat Hotel, Curio Collection by Hilton

Downtown Reykjavik, 0.4 km from Rainbow Street

Shannon

AED 1,065

AED 1,206 total

includes taxes & fees

25 Oct - 26 Oct

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

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

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

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.

16. Hotel Reykjavik Centrum

Downtown Reykjavik, 0.5 km from Rainbow Street

Leslie

AED 734

AED 839 total

includes taxes & fees

3 Nov - 4 Nov

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

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.

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

17. Exeter Hotel

Downtown Reykjavik, 0.7 km from Rainbow Street

Victor

AED 638

AED 732 total

includes taxes & fees

10 Nov - 11 Nov

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

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

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.

18. Alda Hotel Reykjavik

Downtown Reykjavik, 0.6 km from Rainbow Street

Sheryl

AED 469

AED 556 total

includes taxes & fees

9 Nov - 10 Nov

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

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

19. Miðgarður by Center Hotels

Tún, 1 km from Rainbow Street

Kennedy

AED 787

AED 898 total

includes taxes & fees

1 Nov - 2 Nov

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 hotel room with a large window, two leather armchairs, a small round table, and a bed.

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

20. Vintage Apartment Hotel

Downtown Reykjavik, 0.3 km from Rainbow Street

travis

AED 566

AED 863 total

includes taxes & fees

19 Oct - 20 Oct

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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
Old Charm Reykjavik Apartments	9.8 Exceptional 147 reviews	View
Hotel Reykjavik Saga	9.6 Exceptional 785 reviews	View
Iceland Parliament Hotel, Curio Collection By Hilton	9.6 Exceptional 348 reviews	View

Top Rainbow Street Hotel Reviews

Hotel Odinsve

10/10 Excellent

"The hotel is right in the center of downtown. We were able to walk to pretty much everything. The bus stop for tours is just 5 min walk away. The bed was comfortable, staff was very nice and breakfast provided with your stay is just perfect. The restaurant is also convient for dinner w great food. The rooms are a good size for 2 people w a king bed. The bathroom is a little small but nothing that bothered us. Hairdryer provided , towels, and nice heater to beat the chill. There is no ac or refrigerator in case you require one."

Exeter Hotel

10/10 Excellent

"Great location, cleanness and friendly staff!"

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."

Other attractions near Rainbow Street

A church with a tall tower and a statue in front.

Skólavörðustígur

You can do some window-shopping at Skólavörðustígur during your visit 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)

After visiting Reykjavík Cathedral, make a plan to see the other sights and activities in Reykjavik. Discover the acclaimed theater scene in this walkable area, or seek out the local tours.

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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 stay in Reykjavik. Discover the great live music and shops in this culturally rich area.

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Þjóðmenningarhúsið

You can spend an afternoon browsing the exhibits at Þjóðmenningarhúsið 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 exploring the galleries in Asgrimur Jonsson Collection during your travels in Reykjavik. Experience the fascinating museums and acclaimed theater scene in this walkable area.

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Bæjarins Beztu Pylsur

You can browse for the perfect souvenirs at Bæjarins Beztu Pylsur during your visit to Reykjavik.

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Austurvöllur

Learn about the local history of Reykjavik when you spend time 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, check out the 780 hotels and other accommodations you'll find within a mile.

What's the best hotel to stay close to Rainbow Street?

Adjacent to Rainbow Street, CityHub Reykjavik is one of the top choices for your stay based on our traveler 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 can I expect to find near Rainbow Street?

Expedia has 780 hotels and other accommodations 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! You'll find that most room reservations are refundable if you cancel before the hotel's cancellation deadline, which is usually within 24-48 hours of your arrival date. If your reservation is non-refundable, you might still have the option to cancel and receive a refund within 24 hours of booking. Enter your dates, click on "Search", then you can filter by "fully refundable" to review top deals close to Rainbow Street.

Where can I learn more about changing or cancelling my trip in the area near Rainbow Street?

To access more information about picking new dates or cancelling your stay near Rainbow Street, head over to our customer service page.

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 theater.

Find hotels near Rainbow Street, Reykjavik from AED 456

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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. Old Charm Reykjavik Apartments

4. Hotel Reykjavik Saga

5. Iceland Parliament Hotel, Curio Collection By Hilton

6. Hotel Von

7. Reykjavik Residence Apartment Hotel

8. Reykjavik Marina - Berjaya Iceland Hotels

9. Hotel Local 101

10. Canopy by Hilton Reykjavik City Centre

11. Castle House Luxury Apartments

12. Candlewood Suites Reykjavik by IHG

13. Hotel Borg by Keahotels

14. Reykjavik4you Apartments

15. Reykjavik Konsulat Hotel, Curio Collection by Hilton

16. Hotel Reykjavik Centrum

17. Exeter Hotel

18. Alda Hotel Reykjavik

19. Miðgarður by Center Hotels

20. Vintage Apartment Hotel

Compare popular hotels close to Rainbow Street

Top Rainbow Street Hotel Reviews

Hotel Odinsve

Exeter Hotel

Fosshotel Reykjavik

CityHub Reykjavik

KEX Hotel and Hostel Reykjavik

Alda Hotel Reykjavik

Hotel Reykjavik Saga

Center Hotels Plaza

Center Hotels Arnarhvoll

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