We stayed in the budget apartment #4. The room is very, very small and not very well maintained. The kitchen and bathroom sinks were dirty and the shower drain was clogged and there was standing water on the floor so we were unable to use the shower our first night. When we called the owner in the morning he came right away to fix it. (the nice owner and good location are the biggest pluses)
There were also a lot of exposed wires on the light fixtures and when we unplugged the tv to charge our computer, the wires for the tv had been stripped and plugged right into the outlet along with what I think was a cable box.
The room had a little frig which never got very cold but at least we had a place to store cream for coffee etc. It was the first place that we stayed in Iceland which had a hair dryer. It might have been left there by a previous guest but it was still nice to find it there.
The location is great if you're a heavy sleeper (which I am not). The room is right on a square that is full of skateboarders and partiers until the wee hours of the morning. (even on Sunday and Monday nights) As soon as the partiers left the square the garbage trucks and street cleaners arrived. We got possibly the worst two nights of sleep that we have ever had.
It is a good value for the location but if you decide to stay there don't get the budget room. Get a room that doesn't face the street. And bring your own towel.
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