We rent the ENTIRE apartment which is in the 3rd floor (staircase) with a beautiful view of the sea and sunset during the summer and northern lights view (if the forecast allows) during winter months. It is very well located whether you want to go to downtown (laugavegur street), supermarkets and 24/7, swimming pool, etc. All at walking distance.
My place is close to the city center and family-friendly activities. My place is good for couples and families (with kids).