2025 - 2026 SAA Rankings for Best Value Universities In Iceland For International Students

Iceland is surely one of the best places that you can consider if you’re planning to study abroad. The many grand opportunities that await while and after studying also add fuel to the fire. It also helps that besides the most popular schools, the country has more institutions to offer, with 7 in total.

With so many available options, it can be hard to find the best pick according to your budget, course preferences, and other factors. You want to find the institution that is the perfect fit or offers the best value for your money.

To help you out, we have ranked the best-value universities in Iceland. They are known for offering high standards of education while keeping the costs affordable for international students.

Rank University Percentage Ranking (World) Founded Year City Type
1 University of Iceland 6 % 1911 Reykjavik Public
2 Reykjavik University 27 % 1998 Reykjavik Private
3 University of Akureyri 51 % 1987 Akureyri Public
4 Agricultural University of Iceland 59 % 2005 Hvanneyri Public
5 Bifrost University 65 % 1918 Bifrost Private
6 Holar University College 67 % 1106 Holar Public
7 Iceland University of the Arts 70 % 1998 Reykjavik Private

7 Best Value Institutions in Iceland for International Students

Here are the 7 best-value institutions in Iceland for international students. Here, you’ll learn more about their rankings, international student population, and their background.

1 University of Iceland

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StudyAbroadAide Best Value Rankings
#1 in Iceland
#214 in Europe
#471 in World
Percentage of International Students
11%
Total Number of students - 15,089
International Number of students - 1,687

The University of Iceland, or Haskoli Islands in Icelandic, is the country’s premier public university. It has spent more than a century teaching and molding students, making it the oldest university. Students can grab many opportunities at the University of Iceland besides completing a degree-granting program. They can pursue exchange studies, international training, summer projects, collaborations, research, and more. International students are also welcomed, especially at the graduate level, where more English-taught courses are offered.

Danish
International Studies in Education
Japanese Language and Culture
Korean Studies
Spanish

2 Reykjavik University

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StudyAbroadAide Best Value Rankings
#2 in Iceland
#796 in Europe
#2331 in World
Percentage of International Students
No Available Data
Total Number of students - 3,246

Reykjavik University is a private institution established in 1998 with an international faculty to cater to local and international students. Through the study programs offered by the institution, the students take up their undergraduate, master’s, and Ph.D. courses. It prides itself on having strong bonds with industry as well as society.

Business
Computer Science
Engineering
Applied Engineering
Sport Science

3 University of Akureyri

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#3 in Iceland
#1235 in Europe
#4318 in World
Percentage of International Students
6%
Total Number of students - 2,546
International Number of students - 162

Haskolin a Akureyri, known as the University of Akureyri in English, is a top public institution in Iceland. The institution provides degree courses in the humanities, health, business, social, and natural sciences. Since 2019, it has provided diplomas at all levels: diploma, vocational, bachelor’s, master’s, and doctorate. Aside from its high-quality education, it is famous for offering programs in collaboration with other universities.

Business Administration and Fisheries Science
Fisheries Science
Nursing Studies
Occupational Therapy Studies
Media Studies

4 Agricultural University of Iceland

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StudyAbroadAide Best Value Rankings
#4 in Iceland
#1441 in Europe
#5016 in World
Percentage of International Students
No Available Data
Total Number of students - 290

The Agricultural University of Iceland is a highly specialized academic institution in Hvanneyri, Iceland, and functions as a research center. All programs offered at LBHI (an acronym for its Icelandic name: Landbunaoarhaskoli Islands) focus on a specific aspect of agriculture, such as forest science, ecology, animals, and more. Besides the degree-granting programs, LBHI welcomes exchange students who want to immerse themselves in the university’s culture and academic practices.

Agricultural Sciences
Equine Science
Landscape Architecture and Planning
Natural and Environmental Sciences
Forest Sciences

5 Bifrost University

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StudyAbroadAide Best Value Rankings
#5 in Iceland
#1616 in Europe
#5567 in World
Percentage of International Students
No Available Data
Total Number of students - 700

Bifrost University is a private academic institution established not only to educate learners in the region but also to train them to become future leaders in business and society. This university produces some of the best and most progressive entrepreneurs and leaders who help accelerate Iceland’s development, thereby benefitting the surrounding community and country.

Business Administration
Business Law

6 Holar University College

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StudyAbroadAide Best Value Rankings
#6 in Iceland
#1672 in Europe
#5754 in World
Percentage of International Students
No Available Data
Total Number of students - 375

Considered among the oldest universities in Europe, Holar University College is a specialized university that offers programs in aquaculture, equine science, and tourism studies. It was formerly a college for agriculture established to educate and support people in rural communities. However, it has since evolved and offers education to various students.

Riding and Riding Instruction
Tourism and Hospitality Management
Tourism Studies

7 Iceland University of the Arts

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StudyAbroadAide Best Value Rankings
#7 in Iceland
#1773 in Europe
#6032 in World
Percentage of International Students
No Available Data
Total Number of students - 598

Iceland University of the Arts is a specialized institution in Reykjavik that aims to develop and stimulate innovation in different fields of art. The institution allows its students to specialize and become professionals in arts programs. It gives comprehensive research programs that enable graduates to have higher chances of employment in the job market.

Architecture
Fashion Design
Visual Communicatiom
Theatre and Performance Making
Music Communication

Education is one of the biggest investments a person can make. Many international students have found their school funds best spent in Iceland, particularly in these best-value universities we have shared above. Thus, it’s a great idea to include them in your list of institutions for studying abroad.