5 cheapest universities in Iceland in 2026
The most affordable universities in Iceland, ranked by minimum bachelor fees. Ideal for optimising your study budget.
Lowest fee
75,000 ISK/yr
Price range
5 universities ranked by increasing fees
No. 1University of Akureyri
A public university in northern Iceland, educating students in health sciences, social sciences, education and law in the town of Akureyri.
No. 2Agricultural University of Iceland
A public Icelandic institution devoted to agricultural and environmental sciences, based in Borgarnes and Hvanneyri.
No. 3University of Iceland
Iceland's oldest and largest university: a public research institution at the heart of Reykjavik since 1911.
No. 4Hólar University
A small public university in northern Iceland, specialising in aquaculture, equine science, tourism and rural development.
No. 5Reykjavik University
Iceland's largest private university, known for its programmes in computer science, engineering, law and business in Reykjavik.