Let KAYAK do the searching
Based on KAYAK hotel searches, the most popular destination is Puerto Natales (41% of total searches to Magallanes). The next most popular destinations are Torres del Paine (33%) and Punta Arenas (21%). Searches for hotels in Estancia Pudeto (5%) are also popular.
KAYAK users have found double rooms in Magallanes for as cheap as $14 (Punta Arenas) in the last 3 days. The average price is $244.