Price & payment
Price
Monthly rent (Master’s students):
All studio apartments cost ISK 139,000 per month.
For couple’s apartments, an additional 30% is added to the monthly rent.
Deposit
A security deposit of ISK 139,000 (equal to one month’s rent) is required and must be paid before May 31st.
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The deposit is separate from the monthly rent
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It will be refunded in full if the apartment is returned clean, empty, and without damage
The deposit applies only to students who:
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have received an acceptance letter from UW
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have been offered student housing
Housing benefits
Tenants with an Icelandic ID number (kennitala) and a registered rental agreement may apply for housing benefits. Housing benefits are monthly payments intended to assist individuals renting residential housing, whether in student housing or on the open rental market. The amount varies depending on income and household circumstances, but can be up to approximately ISK 50,000 per month.