Laugarvatn is a lake in Laugardalur in Bláskógabyggð. By the lake stands a village with the same name. The lake is shallow, with a maximum depth of 2 meters, with a clayey bottom. The lake has Arctic char and there is a possibility of good fishing. It is good to fish in the spring where the hot water flows into the water in front of the village Laugarvatn. Laugarvatn is connected to the river Hólaá and Lake Apavatn. Several farms own land by the lakes and Hólaá and each one sells for his land. The fishing is best in the spring and early summer.