Nestled in the scenic Banff National Park, Banff is a gorgeous resort town in Alberta, Canada. It is known for its stunning hot springs, breathtaking lakes and impressive mountains. The famous Lake Louise, a winter paradise in Banff, is where you can go for fun-filled activities such as skiing, ice skating and hiking. To enjoy extraordinary views of the majestic mountains, you can opt for a cable car ride at Banff Gondola. Visit Banff Avenue to explore cafes, shops and the town’s historic architecture while enjoying the impeccable beauty around you. As you’ll most likely be shelling out extra bucks on these exciting activities, you may want to stay in a budget hotel to minimise your expenses. Scroll down for a well-curated list of cheap hotels in Banff, Canada.
We handpicked these listings carefully, considering (wherever possible) recent guest reviews, location, accommodation type, prices, availability of dates, decor, and amenities. The image galleries get refreshed with the latest updates regularly. They were last updated on April 13, 2024.
1. Banff Park Lodge (from USD 146)
Situated in the heart of the town, Banff Park Lodge provides you with a cosy holiday experience without breaking the bank. In this environment-friendly hotel, each elegantly designed room features wooden furniture and a private balcony showcasing superb views of the surroundings.
You’ll also enjoy access to top-notch leisure amenities here. Feel free to take a refreshing dip in the indoor pool that is open all year round. There’s a sleek fitness centre, hot tub and Eucalyptus steam room to recharge yourself. Plus, the hotel offers attractive deals that let you save up to 24% if you stay longer!
Banff Park Lodge
Address: 201 Lynx Street
14.92 km (9.3 mi) from Sunshine Village
2. High Country Inn (from USD 94)
Reasonable pricing for excellent value and location in downtown Banff.
Spacious rooms, pool, sauna, underground parking, and bear spray lending service.
Conveniently situated within walking distance to downtown attractions and scenic areas.
Various dining options within a short walk, but hotel itself does not offer breakfast.
Looking for a budget-friendly hotel offering a hot tub and other rejuvenating amenities? Your search ends here. Situated in a peaceful corner of Banff Avenue, High Country Inn features a shallow-end, heated indoor pool for guests of all ages to relax in. Guests can also unwind in the dry cedar sauna or the hot tub.
To enjoy the picturesque mountains around you, opt to book a room offering exactly that. If you want to enhance your stay, you can go for accommodation with a spa bath for a soothing time alone in your own space.
High Country Inn
Address: 419 Banff Avenue
15.54 km (9.7 mi) from Sunshine Village
Other cheap accommodations in Banff, Canada
3. The Dorothy Motel (from USD 94)
Located five minutes away from Banff Park Museum by car, The Dorothy Motel is a boutique motel with stunning blue-and-white exteriors. The magnificent Cascade Mountain in its backdrop will make this property an ideal stay.
Giving you a give you a bang for your buck, this retreat features spacious rooms with garden views, cute paintings and cosy bedding. After a day of fun-filled activities in the town, spend your evenings relaxing in the beautiful courtyard. Take advantage of the freebies, such as WiFi access, parking space, and bus tickets.
The Dorothy Motel
Address: 250 Marmot Crescent
16.45 km (10.3 mi) from Sunshine Village
4. Banff International Hostel (from USD 31)
Reasonable pricing for a hostel in a prime location near downtown Banff.
Comfortable rooms with curtains for privacy, multiple fans provided, and modern, clean facilities.
Conveniently situated on Banff's main street, close to the bus terminal, shops, and restaurants.
Complimentary breakfast with a variety of options, though some guests found it basic or lacking in variety.
If you don’t mind staying in a hostel on your next trip, then go for Banff International Hostel. This property is a great catch as it is located in downtown Banff, which puts you close to many restaurants, bars and shops. It also offers free WiFi in all rooms and complimentary on-site private parking.
The hostel features shared dormitory rooms with communal bathroom facilities. If you are travelling with your friends, you can book a private room for yourselves with an en-suite bathroom. Enjoy continental breakfast for free before heading out for your adventures. You can also cook your favourite meals in the shared kitchen to save some cash.
Banff International Hostel
Address: 449 Banff Avenue
15.76 km (9.8 mi) from Sunshine Village
5. Samesun Banff (from USD 31)
Enjoying a central location in town, Samesun Banff is an affordable option that boasts tastefully designed dormitories and private rooms, each featuring a fireplace and an en-suite bathroom with a bathtub. The hostel also offers free breakfast as well as breathtaking views of the surrounding mountains.
Since there’s a budget-friendly on-site bar and restaurant, guests do not have to step outside for their drinks and meals. If you prefer cooking your own food, you can access the shared kitchen. The property also organises exciting daily activities for its adventurous and fun-loving guests.
Samesun Banff Hostel
Address: 433 Banff Avenue
15.66 km (9.8 mi) from Sunshine Village
Enjoy a scenic escapade in Banff
A dreamy destination offering a lot of activities for both locals and tourists, Banff is a must-visit place in Alberta, with picturesque landscapes all around. Unwind and enjoy this resort town to the fullest without spending a fortune. Choose one of the top cheap hotels from the list above for your next trip.
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