What does Lola serve?

Modern European cuisine with Icelandic ingredients. The menu ranges from lighter lunch options to more substantial dinner dishes, with a focus on quality ingredients and clean flavours.

How much does a meal at Lola cost?

Main courses range from ISK 3,800-6,500 (approximately €26-45). Lunch is slightly more affordable than dinner.

Do I need a reservation?

Not essential for lunch. For dinner on weekends, booking ahead is advisable.

At Bankastraeti 7, one of the most central streets in Reykjavik connecting Laugavegur to Austurvollur square.

Does Lola have a bar?

Yes, with a solid cocktail menu and a good wine selection. The bar area is a popular spot for after-work drinks.

Is Lola good for groups?

Yes. The menu has broad appeal, the space is comfortable for larger tables, and the central location makes it easy for everyone to find.

EuropeanCasual Dining

Lola

Name: Lola
Address: Bankastraeti 7, 101 Reykjavik, IS
Telephone: +354 552 0202
Price range: $$$
Rating: 4.3

4.3(567 reviews)$$$$Upper mid-rangeReykjavik, Iceland

A stylish all-day restaurant on Bankastraeti serving modern European dishes with Icelandic flair — reliable, central, and open from lunch through late evening.

Lola occupies a sweet spot in Reykjavik's dining scene — stylish enough for a nice dinner, relaxed enough for a casual lunch, and central enough that you will walk past it half a dozen times during any visit to the city. On Bankastraeti, the street that connects the main shopping area to Austurvollur square, it has established itself as a reliable all-day restaurant.

The Food

The menu is modern European with Icelandic ingredients woven throughout. Lunch might be a well-composed salad, a fish dish, or one of the daily specials. Dinner shifts towards more substantial plates — grilled lamb, pan-seared fish, and seasonal preparations that change regularly. Nothing on the menu is trying too hard, and that restraint serves the kitchen well.

The Location

Bankastraeti is one of the best-located streets in Reykjavik, and Lola benefits from the foot traffic and visibility. It is the kind of place you notice on a walk and make a mental note to return to — and when you do, the experience matches the expectation.

Practical Tips

Walk in for lunch. Reserve for weekend dinner. The cocktail list is worth exploring. Lola works well as a lunch stop between sightseeing or as an early dinner before heading to the bars on Laugavegur.

Frequently Asked Questions

What does Lola serve?: Modern European cuisine with Icelandic ingredients. The menu ranges from lighter lunch options to more substantial dinner dishes, with a focus on quality ingredients and clean flavours.
How much does a meal at Lola cost?: Main courses range from ISK 3,800-6,500 (approximately €26-45). Lunch is slightly more affordable than dinner.
Do I need a reservation?: Not essential for lunch. For dinner on weekends, booking ahead is advisable.
Where is Lola?: At Bankastraeti 7, one of the most central streets in Reykjavik connecting Laugavegur to Austurvollur square.
Does Lola have a bar?: Yes, with a solid cocktail menu and a good wine selection. The bar area is a popular spot for after-work drinks.
Is Lola good for groups?: Yes. The menu has broad appeal, the space is comfortable for larger tables, and the central location makes it easy for everyone to find.