What could your Reykjavik property earn?
A two-bedroom rental in Reykjavik typically achieves around €185 a night at about 68% occupancy — roughly €3,823 gross per month.
By property size
| Size | Nightly rate | Nights / year | Gross / month | Gross / year |
|---|---|---|---|---|
| Studio | €130 | 248 | €2,687 | €32,240 |
| 1 bedroom | €157 | 248 | €3,245 | €38,936 |
| 2 bedrooms | €185 | 248 | €3,823 | €45,880 |
| 3 bedrooms | €241 | 248 | €4,981 | €59,768 |
| 4+ bedrooms | €296 | 248 | €6,117 | €73,408 |
These are indicative market estimates for a well-presented property, not a guarantee. Actual earnings depend on your location, presentation, availability, local regulation and season. Figures are gross revenue before cleaning (around €55 per stay here), taxes, utilities and local levies.
Letting in Reykjavik
Rules and licensing
Home letting is capped at 90 days per year and registration with the district commissioner is required. Beyond that threshold an operating licence is needed.
Tourist tax
A per-night accommodation tax, reinstated after a suspension.
How the year is shaped
Two distinct peaks: summer for daylight and the highlands, winter for northern lights. The shoulder months of April to May and October are the weak spots.
Who books here
Ring Road travellers using Reykjavik as bookends, plus northern-lights weekends. Parking and drying space for wet gear are genuinely valued.
Short-term rental rules change often and can differ by district, and building or condominium rules may restrict letting regardless of what the city permits. Treat this as orientation, not legal advice, and confirm the current position with the local authority before letting.
What drives the number in Reykjavik
Peak season
Demand follows the tourist season. The best months to visit are June to August for daylight, September to March for northern lights, and rates run highest then.
Typical occupancy
68% across the year for an actively managed listing — around 248 booked nights.
Cleaning
About €55 per stay, and roughly 62 stays a year at a four-night average.
Currency
Icelandic Króna (ISK). 1 EUR = 150 ISK / 1 USD = 139 ISK
List it on Holistay
Publishing is free. Add a video walkthrough, set your nightly rate, and decide whether to accept offers on quiet dates. You can read the full Reykjavik travel guide to see what guests coming here are planning around.