Best Parking Spots Downtown Reykjavik

All of our tours start at Ingólfstorg Square in downtown Reykjavík, and some of you might come driving – so where do you park?

There’s one thing to be said about Reykjavík, there is no lack of parking spots or parking garages in downtown Reykjavik. But if you don’t know the area, they might be hard to find.

Skólavörðustígur, Reykjavík, parking spots
Skólavörðustígur parking. Photy by: Steven Lek, CC BY-SA 4.0, via Wikimedia Commons

You will have to pay a small fee for almost all parking spots in downtown Reykjavik. There is parking in residential areas where you will not have to pay, but they are for the residents. However, during working hours, it is possible to use them.

Parking Zones in downtown Reykjavik

Downtown Reykjavik is split into a few tariff zones; P1-P4. The closer you are to the center, the higher the parking price. However, it is worth noting that you will not have to pay for parking 24/7. For zones P1-P3, the tariff hours are between 09:00-18:00 on weekdays and 10:00-16:00 on Saturdays. In zone P4, the tariff hours are between 08:00-16:00 on weekdays. Parking is free on Sundays.

There is also free parking on these days:

New Year’s Day, Holy Thursday, Good Friday, Easter Monday, First Day of Summer, 1 May, Ascension Day, Whitmonday, First Monday of August (Merchant’s Day Off/Frídagur verslunarmanna), Christmas Day, Boxing Day.

Pricing per zone in downtown Reykjavik

In a P1 zone, the price is 385ISK ($3) per hour.

In a P2 zone, the price is 200ISK ($1.56) per hour.

In a P3 zone, the price is 200ISK ($1.56) for the first two hours, then it’s 55ISK ($0.4) per hour.

In a P4 zone, the price is 200ISK ($1.56) per hour.

In the map below, you see the tariff zones. Red and pink are P1 zones, blue is the P2 zone, green is the P3 zone, and orange is the P4 zone.

How to pay for parking in downtown Reykjavik?

You will quickly notice no parking meters next to the parking spots in downtown Reykjavik. That does not mean that parking is free.

You can pay for parking by using the tall black boxes (marked with a big blue and white P) near the parking (see picture) or using an app.

You can use coins and cards to pay with the parking meter, and you will have to punch in the car’s license plate number. When you use the parking meter, you choose how much time you think you will need in the parking lot.

You can use two apps for parking; EasyPark and Parka.is. Both apps are available for iOS and Android, making it easy to pay for parking and extend your parking. If you have chosen a certain amount of time and you don’t use all that time, you can cut the session short and get refunded the amount you didn’t use.

Parking Fines in Reykjavik

If you do not pay for parking where you have to, or if you have not paid for long enough, you might get a fine of 4500ISK ($35). If you pay it within three days, you get a small discount and pay 3400ISK ($27). If you don’t pay within 14 days, the fine becomes 6750ISK ($53), and after 28 days, it’s 9000ISK ($70).

Other fines for parking where it is not allowed, on a sidewalk and too close to a zebra crossing, are 10000ISK ($78). The same discount and markup system works for these fines as the parking tickets.

If you park in a disabled parking spot, you can get a 20000ISK ($156) fine.

If you get a fine, the owner of the car gets a claim sent to their online bank. If you’re renting a car, then the car rental will get it. They will then charge you for it. The parking officer giving out the fine, will print out a small receipt and put it under the windscreen wiper. If you do not want to go through the car rental to pay it, you can take the slip to the next bank branch and pay it there. The nearest bank to Ingólfstorg is Landsbankinn in Austurstræti 11. It is open on weekdays between 09:00 and 16:00.

Parking for our walking tours starts at Ingólfur Square (Ingólfstorg)

There are parking spots on two sides of the square, in Veltusund and by Aðalstræti. However, the parking spots in Aðalstræti are for taxis and coaches, so don’t park there. The parking spots in Veltusund are open to the public for a small fee.

Parking Garages in downtown Reykjavik

There are 7 parking garages in downtown Reykjavik, with four very close to Ingólfstorg Square. It is possible to check the availability of most parking garages here. 6 of those seven are operated by Reykjavik city; the largest one is privately owned.

Vesturgata

 Address: Vesturgata/Mjóstræti

The Vesturgata parking garage is only a 2 to 3-minute walk away from Ingólfstorg. It is one of the smaller parking garages, so it might be full. We recommend you check if there’s availability before you go there as it is also a bit tight to get in and out of.

Opening hours: 07:00-24:00 every day of the week
Fee: 240ISK ($1.9) for the first hour, then 120ISK ($0.95) per hour.
Number of parking spots: 106
4 charging stations for electric cars and 1 disabled parking spot.

City Hall

Address: Tjarnargata 11

The parking garage underneath City Hall is slightly further away than the Vesturgata one (a 4-minute walk). However, many staff members of City Hall park there as well, so we recommend you check the availability.

Opening hours: 07:00 – 24:00 every day of the week
Fee: 240ISK ($1.9) for the first hour, then 120ISK ($0.95) per hour.
Number of parking spots: 130
12 charging stations for electric cars and 2 disabled parking spots.

Kolaport

Address: Kalkofnsvegur 1

You will find this parking garage underneath the Central Bank and Arnarhóll hill (with the statue of Ingólfur Arnarson). It’s about 6 minutes away from Ingólfstorg.

Opening hours: 07:00 – 24:00 every day of the week
Fee: 240ISK ($1.9) for the first hour, then 120ISK ($0.95) per hour.
Number of parking spots: 166

Traðarkot

Address: Hverfisgata 20

This parking garage is in front of the National Theatre and next to Laugavegur shopping street. It is around a 7-minute walk to Ingólfstorg.

Opening hours: 07:00 – 24:00 every day of the week
Fee: 240ISK ($1.9) for the first hour, then 120ISK ($0.95) per hour.
Number of parking spots: 270
6 charging stations for electric cars and 2 disabled parking spots.

Vitatorg

Address: Skúlagata/Vitastígur

Further away is Vitatorg, about a 15-minute walk away from Ingólfstorg Square. Since it is further away from the center, it is cheaper to park there.

Opening hours: 07:00 – 24:00 every day of the week
Fee: 150ISK ($1.2) for the first hour, then 100ISK ($0.8) per hour.
Number of parking spots: 223
12 charging stations for electric cars and 10 disabled parking spots.

Stjörnuport

Address: Laugavegur 94

Close to Hlemmur, this is the newest parking garage run by Reykjavik city. It takes 16 minutes to walk to Ingólfstorg from there. It is a fun walk down Laugavegur shopping street, so it’s perfect for a spot of window shopping before a walking tour with us.

Opening hours: 07:00 – 24:00 every day of the week
Fee: 150ISK ($1.2) for the first hour, then 100ISK ($0.8) per hour.
Number of parking spots: 191
6 charging stations for electric cars and 4 disabled parking spots.

Hafnartorg and Harpa

It is possible to walk (or drive) from the parking garage underneath Harpa over to Hafnartorg.

Underneath Hafnartorg (where H&M, COS and other stores are located) are 300 parking spots. However, since it is now open all the way to Harpa, the parking spots are probably nearer to 1000. Please note that there are different owners of the parking garages, so there might be a difference in fees depending on where you park. It is only a 3-minute walk from Hanfartorg to Ingólfstorg. 

Opening hours of Hafnartorg: 24/7 
Fee: Between 08:00-18:00 370ISK ($2.9) per hour, between 18:00-08:00 140ISK ($1.1) per hour.

Other parking in downtown Reykjavik

There are very few private parking spots in downtown Reykjavik as we mentioned before. If you see a parking spot and there is no sign that has a car and a tow truck on it, you are safe to park there.

Vesturgata, Ránargata, Bárugata and Öldugata are close to Ingólfstorg and often have available parking. There are a few parking spots on Tryggvagata as well, and behind the Reykjavík Art Museum (Listasafn Reykjavíkur Hafnarhús on the map) and City Library (next to the art museum).

Now you know where to park for our tours! If you haven’t decided on which tour to join us on, we recommend you check out the Folklore Tour, Walk with a Viking, Food Lovers Tour, and Reykjavik CatWalk! We also recommend you check out our combo tours for an extra special, full-day experience!

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