We just got back from Iceland last night and had an experience of a lifetime! We are 2 best friends turning 50 traveling with our teenage daughters. Our most important criteria in choosing where to stay was location, convenience, safety, enough room so we weren't on top of each other, and of course at a good price. This apartment exceeded all of that!
Location: The location was beyond perfect (as every other review describes) bus stop 7 is a stones throw from the front door and bus stop 6 is a block away. If you are taking tours, this is where you want to be. The main shopping street is 1 very short block further and all of Reykjavik is at your disposal. The Bonus market is about 6 blocks away and easily walkable even when your arms are loaded with groceries. If location is important. This is the location you want to be in.
Convenience: Having a full kitchen made it possible to save a ton of money and also allow us to bring lunch and snacks on our tours. We made pots of coffee and breakfast every morning, packed a lunch every day, and cooked 3 out of 6 of our dinners. Food out IS expensive but we found grocery items to be very similarly priced as they would be in NY (granted not the cheapest state). We bought food for 4 for 6 days including salmon for dinner, cold cuts, breakfast foods, yogurts, soups, milk, beverages etc for about $90 US.
Safety: The doors locked well, the keys worked well, we never saw or even heard the other people in the building, the lights worked. The stairs were a bit steep but we had no trouble whatsoever with them (even with luggage).
Room to spread out: The beds were comfortable, there was plenty of shelving for our clothes, the large sofa allowed all of us to sit comfortably. Brian was very responsive throughout the whole process, there were items left behind from others that made it that much easier such as spices, oatmeal, pasta (still sealed).
Improvements: The handle on the oven broke off on our last night, the coffee maker has to be very carefully positioned or when the coffee drips it will drip all over the counter, it should really be replaced. It also didn't keep coffee hot. The microwave was incredibly loud. When reheating my coffee I woke the whole house, every morning. The light in the bath flickered a bit. One photo was hung so low that the person lying in that bed kept bumping it. By far the excellent outweighs the needs improvement and we would definitely stay again! Thank you so much Brian!