Cheap Car Rentals in Iceland from $40
This price is the cheapest per day rate found by a Cheapflights user in the last 48 hours by searching for a car rental in Iceland with a pick-up date of 6/2 and drop-off date of 6/8. Fares are subject to change and may not be available at all agencies or on all dates of rental.
Iceland car rentals in 2026
Get helpful information to start your search for the perfect car rental in Iceland. The average price data is based on the last 12 months and was last updated on May 28, 2026.
Most popular company | Ice Rental 4x4 |
|---|---|
Most common car type | Standard |
Average price per day | $68 |
Cheapest price per day | $40 |
Best car rental deals found in Iceland
Browse through a selection of recently found affordable car rental deals in Iceland. Plan your trip with ease and find the perfect rental option for your needs. There are currently 8 rental car agencies in Iceland with an average daily rate of $70. Data was last updated on May 28, 2026.
Cheapflights insights for Iceland car rentals
Get relevant, data-driven information to help you rent a car in Iceland, including pricing trends, ideal booking times, and more.
How far in advance should I rent a car in Iceland?
To get the best deal on a rental car in Iceland, book about 7 days before your trip. At that point, average daily prices are around $54, which is about 4% cheaper than the typical rate.
What is the cheapest rental car company in Iceland?
In Iceland, the most affordable rental car company right now is Budget, offering prices from just $25.00/day over the past two weeks. Another budget-friendly choice is Fair Car, with rates starting at $27.57/day.
What is the cheapest month to rent a car in Iceland?
At Iceland, the best time to rent a car is in January, with an average daily rate of just $39. Conversely, July is the priciest month, averaging $98 per day. Below youll find the monthly average rental prices. Note that costs can fluctuate depending on availability, booking time, and vehicle type.|1#In Iceland, the best time to rent a car is in January, with an average daily rate of just $39. Conversely, July is the priciest month, averaging $98 per day. Below youll find the monthly average rental prices. Note that costs can fluctuate depending on availability, booking time, and vehicle type.
January
$39
February
$42
March
$45
April
$47
May
$53
June
$69
July
$98
August
$95
September
$56
October
$47
November
$41
December
$43
What car do most people rent in Iceland?
SUV rentals (Mitsubishi Outlander, for example) are the most popular in Iceland. Standard (Subaru Forester) and Compact (Toyota Corolla) rentals are also often chosen by our users when visiting Iceland.
Which car rental company has the most locations in Iceland?
Avis has 8 locations throughout the area, more than any other company. NextCar has the second highest number of locations in Iceland at 1.
Discover the price range for renting a car in popular cities across Iceland, helping you budget and make informed decisions for your upcoming travel. There are 21 pickup locations in Iceland to choose from. Price data has been averaged over the last 12 months and was last updated on May 28, 2026.
Top rental agencies in Iceland
Explore the leading car rental agencies in Iceland known for their outstanding service and extensive range of vehicles to choose from. There are currently 8 car rental companies in Iceland. Reviews were last updated on May 28, 2026.
Routes Car & Truck Rentals
Overview
Cleanliness
Comfort
Overall
Pick-up/drop-off
Value
Recent reviews
View Routes Car & Truck Rentals Locations in Iceland
Go Rentals
View Go Rentals Locations in Iceland
Avis
View Avis Locations in Iceland
NextCar
View NextCar Locations in Iceland
National
View National Locations in Iceland
Rhodium
View Rhodium Locations in Iceland
RAS Car Rental
View RAS Car Rental Locations in Iceland
Fara Car Rental
View Fara Car Rental Locations in Iceland
Car rental FAQs
Find answers to frequently asked questions about car rentals in Iceland, including policies, requirements, and more. FAQs were last updated on May 28, 2026.
What is the most popular car rental provider in Iceland?
The most popular rental car company in Iceland is Budget. With prices on MINI starting at $25/day about 597% more people book with Budget than other companies in the country.
What is the cheapest city to get a rental car in Iceland?
When visiting Iceland, it is typically cheapest to rent your car in Reykjavik where rental cars typically will cost around $83/day (0% less than the country average). The absolute cheapest rental car price in Iceland was found in Reykjavik for just $36/day.
What side of the road do you drive on in Iceland?
In Iceland, drivers are expected to maintain the lane(s) on the right side of the road.
Car rentals by fuel type in Iceland
Browse car rentals by fuel type in Iceland. Currently, Gas/Diesel cars are the cheapest to rent in Iceland. Deals were last updated on May 28, 2026.
Browse through car rental deals by fuel type in Iceland. There are currently 3 fuel types to choose from with Gas/Diesel being the cheapest ($36+).
Electric
$47+
Gas/Diesel
$36+
Hybrid
$54+