Student Housing & Living Costs in Iceland
Most universities in Iceland have available residential areas nearby such as campus dormitories and student flats. Alternatively, housing portals such as HousingAnywhere.com can help you to find accommodation in Reykjavik and other Icelandic cities. The costs of living and student accommodation will vary depending on location, amenities and other factors.
In general, living in Iceland requires a bigger budget than in most countries due to its remote location and icy climate. This, however, is offset by inexpensive and at times, non-existent tuition fees. Plus, there are a couple of available options for international students to get by with living in Iceland.
Budget Friendly Tips For Living in Iceland
- Have fun for free – With gorgeous and stunning natural landmarks right at your doorstep, there’s no need to splurge on an expensive nightlife. Climb a mountain, visit a volcano, or sail a river; Iceland’s landscape is a source of amusement in itself.
- Get the “Appy Hour” App – If hiking really isn’t your cup of tea, you can download the “Appy Hour” app which basically lists all the hours and locations of Reykjavik’s happy hours, plus a small description of the bar and its promos. The best deals can have you spending only $5 for an all-nighter in Iceland’s city central.
- Consult your university – Universities have international offices dedicated to helping students find the proper accommodation. For example, students enrolling at the University of Iceland can apply at Icelandic Student Services (Félagsstofnun stúdenta), which provides housing that are convenient, reasonably priced and well-located.
- Learn to cook – Yes, we’re aware that cooking can be daunting for the average student. However, eating out is quite expensive in Iceland (the cheapest restaurants costs about $15 USD or more per meal) so making your own food might be worth a try. After all, it’s quite easy to look up a tutorial online nowadays and to start cooking like a pro.
Estimated Living Costs
- Housing (plus utilities): ISK 100,000/month (991 USD; 808 EUR)
- Food and common expenses: ISK 50,000/month (495 USD; 404 EUR)
- Books and study materials: ISK 40,000/semester (396 USD; 323 EUR)
- Local public transportation: ISK 6,500/month (64 USD; 53 EUR)
- Leisure activities: ISK 30,000/month (64 USD; 242 EUR)
Useful student housing & accommodation websites
Student.com offers over 1 million beds in Iceland and other countries around the world. Their website is free to use and offers a dedicated team of expert accommodation consultants and price match comparisons. They also have formal contractual relationships with every landlord on their site for an added layer of security for you!
Learn more about education in Iceland: