Cheap Hotels & Resorts in Olafsvellir from AU$164

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Check availability on Olafsvellir Cheap Hotels

Our top choices for Olafsvellir cheap hotels

Front of property – evening/night
Stracta Hotel

Stracta Hotel

Stracta Hotel
3.5 star property
Rangárþing ytra
8.8 out of 10, Excellent, (1000)
"Breakfast was very delicious every day. The staff is very friendly and supportive. I would highly recommend this hotel."
United States
Maria
The price is AU$263
includes taxes & fees
2 Jan - 3 Jan 2026
Stracta Hotel
Front of property
Hotel Kanslarinn

Hotel Kanslarinn

Hotel Kanslarinn
3.0 star property
Rangárþing ytra
9.0 out of 10, Wonderful, (199)
"Stayed for a night and was great!"
United States
Hayden
The price is AU$236
includes taxes & fees
8 Jan - 9 Jan 2026
Hotel Kanslarinn
Interior
Blue Hotel Fagrilundur - On The Golden Circle

Blue Hotel Fagrilundur - On The Golden Circle

Blue Hotel Fagrilundur - On The Golden Circle
3.5 star property
Bláskógabyggd
9.6 out of 10, Exceptional, (420)
"We loved everything about this hotel. Very clean, large rooms, very quiet and all the amenities you would need. The hot tubs were a great bonus. And the breakfast was the best!"
United States
Ella
Blue Hotel Fagrilundur - On The Golden Circle
Outdoor spa tub
Landhotel - Your link to wonders of Iceland

Landhotel - Your link to wonders of Iceland

Landhotel - Your link to wonders of Iceland
3.5 star property
Rangárþing ytra
9.4 out of 10, Exceptional, (149)
"Well located hotel to explore southern Iceland."
United States
Lars
The price is AU$268
includes taxes & fees
8 Jan - 9 Jan 2026
Landhotel - Your link to wonders of Iceland
Hallway
Hotel South Coast

Hotel South Coast

Hotel South Coast
3.5 star property
Selfoss
9.4 out of 10, Exceptional, (569)
"Room was very clean, location is great, walkable to nearby restaurants. Great breakfast selection. "
United Kingdom
Beena
The price is AU$213
includes taxes & fees
18 Dec - 19 Dec
Hotel South Coast
Standard Cabin | View from room
Guesthouse Vatnsholt

Guesthouse Vatnsholt

Guesthouse Vatnsholt
3.0 star property
Selfoss
8.8 out of 10, Excellent, (652)
"Cozy environment and really friendly staff. We had a great time and felt very welcome during our stay!"
Canada
Juan Sebastian
The price is AU$164
includes taxes & fees
4 Jan - 5 Jan 2026
Guesthouse Vatnsholt
Aurora Igloo Dome- Private
Aurora Igloo South

Aurora Igloo South

Aurora Igloo South
2.5 star property
Rangárþing ytra
9.4 out of 10, Exceptional, (186)
"This was a memorable way to experience Aurora lights! "
United States
Evelyn
The price is AU$400
includes taxes & fees
11 Jan - 12 Jan 2026
Aurora Igloo South
Front of property
Hotel Eldhestar

Hotel Eldhestar

Hotel Eldhestar
3.5 star property
Sveitarfélagid Ölfus
9.2 out of 10, Wonderful, (482)
"clean, quiet, warm rooms, offers breakfast"
United States
Melanie
The price is AU$265
includes taxes & fees
2 Jan - 3 Jan 2026
Hotel Eldhestar
Standard Tent
Buubble Hotel-Ölvisholt

Buubble Hotel-Ölvisholt

Buubble Hotel-Ölvisholt
2.0 star property
Selfoss
9.4 out of 10, Exceptional, (113)
"The staff was very friendly and guided us to our bubble. He also showed us everything and told us where the northern lights would be. Loved this place! "
United States
Joshua
Buubble Hotel-Ölvisholt
Front of property
Hotel Selfoss

Hotel Selfoss

Hotel Selfoss
3.5 star property
Selfoss
9.0 out of 10, Wonderful, (717)
"Good hotel. I would stay there again"
United States
LeAnne
The price is AU$268
includes taxes & fees
28 Dec - 29 Dec
Hotel Selfoss
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.
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Top Olafsvellir Hotel Reviews

The Hill Hotel at Flúðir

The Hill Hotel at Flúðir

10/10 Excellent
"Everything was great! Just wish breakfast was included but over all staff was sweet room was cleaned every day and the hot tub was fun!"
Azucena 6-night trip
Posted 4 days ago
The Hill Hotel at Flúðir
Frost and Fire Boutique Hotel

Frost and Fire Boutique Hotel

10/10 Excellent
"Great per usual"
Ray 1-night trip
Posted 3 weeks ago
Frost and Fire Boutique Hotel

Frequently asked questions

What is Olafsvellir like for travellers on a budget?
Check out low-cost places to stay in Olafsvellir on Expedia.com and book a holiday that fits your budget. Olafsvellir is a destination that visitors enjoy for its dining options. You can scroll through a variety of hotels and other types of accommodation with Member Prices to score the best deal for you and earn rewards. With our site's convenient page filters, you can limit results by price per night, or by top amenities like free breakfast and free airport transport. If you want to see affordable options close to certain local attractions, the location filters will narrow down your search. As you browse, use the heart button to save your favourites so that it's easy to find them when you're ready to decide. Interested in a flight or a rental car too? Take your pick of the Bundle and Save travel packages and discover big savings when you book your transport at the same time.
When is the best time for a budget trip to Olafsvellir?
Weather is probably a major factor when you plan your trip to Olafsvellir, but bear in mind that cheaper options are usually available when the weather isn't as good. The hottest months are usually July and August, with an average temperature of 8°C, while the coldest months are December and January, with an average of -3°C. The rainiest months in Olafsvellir are January, September, February and March, with each month seeing an average of 183 mm of rainfall.
What is there to see and do in Olafsvellir?
Olafsvellir is known for its dining options and offers things to see and do without spending a fortune. You can budget for the local attractions that interest you most, and then plan some activities that cost little or nothing at all. Check out the area's cultural spots like Tre Og List and Turf House, or get outdoors at Urridafoss Waterfall.
How can I get to Olafsvellir and get around on a budget?
Looking at these ways to get around Olafsvellir is a smart way to keep your trip affordable. The most convenient airport is 42 mi (67.6 km) from the centre in Reykjavik (RKV-Reykjavik Domestic). Olafsvellir may not have many public transport options so renting a car could be an economical alternative to see more of the area.

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