
Iceland is expensive. The European Commission's portal estimates a student budget at €1,300–1,900 a month, depending on your lifestyle and housing.
Housing:
Without a place in a student residence, you will have to rent privately. In that case, check whether you are entitled to housing benefit.
Sources: European Commission – Study in Europe (education.ec.europa.eu/study-in-europe), Eurostat, official national study and residence portals and authorities, Eurodesk, enic-naric.net, studentnews.eu. As of September 2026.