Iceland’s capital has seen a rapid growth in its tourist economy in the past 20 years. Set against a backdrop of dramatic mountains and glaciers and the North Atlantic Ocean, the small city offers access to volcanic landscapes, geothermal hot springs, and the northern lights.
There are 3,314 entire homes listed across Airbnb, Booking.com and Vrbo in Reykjavik and the surrounding area, with 397 private bedrooms and 25 serviced apartments. For all short term rental listings, 4.8% are on both Airbnb and Booking.com, and 6.0% are listed on both Airbnb and Vrbo.
The neighbourhood with the most listings is Miõborg, with 794 entire homes costing an average of €227 per night. The second most populated neighbourhood for whole rental properties is Reykjavík with 541 listings, , followed by Laugardalur with 476 entire homes. respectively.
In early May 2024, a law was introduced to restrict the use of residential housing for business-oriented rentals. This legislation, led by the Minister of Culture and Business Affairs, still allows owners to rent their homes for up to 90 days annually, capped at a rental income of 2 million ISK (approximately $14,300), but extended use as tourist accommodation is now limited to official commercial or rural properties.
Other Accomodation: 38
Airbnb review scores in Reykjavik (4.84) are above the average Airbnb review score across all locations (4.754), while the average Booking.com rating (8.68) is well above the Booking.com average (8.165). There are 680 Airbnb and Booking.com listings with no reviews, which represents 17.9% of all listings in Reykjavik. This is often due to limited calendar availability, but it also includes fake listings and newly added ones
Over half of Airbnb listings use self-check in, with lockboxes, keypads or similar. This implies the property is in regular use as an Airbnb listing, or is run as part of a professional business. 8% of hosts have more than one listing in Reykjavik, also suggesting they are a business.
Host Name | No. of Listings | Avg. Review Score |
---|---|---|
Kjartan | 27 | 4.93 |
Heimaleiga | 23 | 4.71 |
Sóley | 23 | 4.7 |
Gudni | 21 | 4.5 |
Concrete Camping - NO FRILLS | 21 | 4.36 |
Alma | 18 | 4.5 |
GreenKey Airbnb Services | 18 | 4.72 |
Zakarias | 15 | 4.67 |
Arni | 13 | 4.95 |
B14 | 12 | 4.45 |
Sölvi | 12 | 4.48 |
Kristján | 12 | 4.78 |
Phil | 10 | 4.73 |
Halldór | 10 | 4.34 |
Total | All Entire Homes | 1-Bed Homes | 2-Bed Homes | 3-Bed Homes | Private Rooms | Review Scores | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Count | Count | Avg. Price | Count | Avg. Price | Count | Avg. Price | Count | Avg. Price | Count | Avg. Price | Airbnb | Booking | Vrbo | |
Miõborg | 942 | 794 | €227 | 353 | €170 | 246 | €247 | 85 | €375 | 110 | €135 | 4.79 | 8.55 | 9.14 |
Reykjavík | 660 | 541 | €241 | 166 | €150 | 175 | €219 | 129 | €291 | 108 | €107 | 4.83 | 8.62 | 9.52 |
Laugardalur | 544 | 476 | €228 | 202 | €174 | 138 | €232 | 75 | €304 | 57 | €120 | 4.83 | 8.89 | 9.45 |
Kópavogur | 438 | 423 | €216 | 166 | €136 | 102 | €201 | 78 | €315 | 14 | €117 | 4.90 | 8.81 | 9.24 |
Vesturbær | 426 | 385 | €233 | 149 | €171 | 120 | €218 | 74 | €316 | 40 | €120 | 4.89 | 8.81 | 9.86 |
Hafnarfjörður | 201 | 180 | €237 | 49 | €150 | 60 | €189 | 38 | €267 | 16 | €96 | 4.88 | 8.42 | 9.60 |
Garðabær | 157 | 148 | €287 | 25 | €152 | 45 | €202 | 46 | €293 | 9 | €107 | 4.93 | 9.67 | 9.90 |
Miðborg Reykjavíkur | 137 | 117 | €241 | 60 | €183 | 34 | €269 | 14 | €461 | 15 | €134 | 4.82 | 8.81 | 9.81 |
Grafarvogur | 125 | 113 | €233 | 37 | €157 | 28 | €205 | 34 | €308 | 11 | €112 | 4.96 | 9.08 | 9.80 |
Seltjarnarnes | 87 | 74 | €286 | 28 | €174 | 8 | €208 | 20 | €338 | 11 | €112 | 4.83 | 9.65 | 9.94 |
Grafarholt | 31 | 30 | €301 | 8 | €137 | 7 | €226 | 6 | €259 | 1 | €77 | 4.89 | 10.00 | - |
Breiðholt | 18 | 14 | €284 | 2 | €112 | 5 | €185 | 4 | €350 | 1 | €79 | 4.65 | 6.85 | 9.20 |