A calm lake surrounded by mountains and dense forests.

Banff Cheap Hotels

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Our top choices for Banff cheap hotels

A large, multi-story hotel with a prominent mountain backdrop.

1. Elk + Avenue Hotel

Elk + Avenue Hotel
3.0 star property
Downtown District
9.0 out of 10, Wonderful, (2,049 reviews)
"great stay"
United States
John
The price is HK$836
HK$958 total
includes taxes & fees
10 Nov - 11 Nov
Elk + Avenue Hotel
A multi-story lodge with a prominent entrance, set against a backdrop of snow-covered mountains.

2. Banff Inn

Banff Inn
3.0 star property
Uptown District
8.8 out of 10, Excellent, (1,189 reviews)
"Great location, clean and comfortable."
United States
Timea
The price is HK$690
HK$903 total
includes taxes & fees
1 Nov - 2 Nov
Banff Inn
A swimming pool with a stone wall and a circular hot tub area.

3. Banff Caribou Lodge and Spa

Banff Caribou Lodge and Spa
3.5 star property
Uptown District
8.6 out of 10, Excellent, (3,367 reviews)
"The hotel is very cozy, and staff were friendly which made my stay enjoyable. Location is within distance to all the shops and restaurants. I’d stay again!"
United States
Hang
The price is HK$775
HK$878 total
includes taxes & fees
25 Oct - 26 Oct
Banff Caribou Lodge and Spa
A stone fireplace with a fire, a wooden bench with towels, and a pool area.

4. Banff Aspen Lodge

Banff Aspen Lodge
3.0 star property
Uptown District
9.4 out of 10, Exceptional, (1,432 reviews)
"Good buffet breakfast and coffee."
Canada
Liana
The price is HK$958
HK$1,084 total
includes taxes & fees
1 Nov - 2 Nov
Banff Aspen Lodge
A hotel room with two beds, a desk, a TV, and a view of the outdoors.

5. Bow View Lodge

Bow View Lodge
2.0 star property
Downtown District
8.4 out of 10, Very good, (1,032 reviews)
"The perfect marriage of history, inspiring design and warm hospitality. We had a lovely stay, the lodge is beautiful and the staff are so friendly."
Canada
scott
The price is HK$656
HK$743 total
includes taxes & fees
5 Nov - 6 Nov
Bow View Lodge
A modern building with a sign reading "CHARLTONS" and a restaurant with outdoor seating.

6. Charltons Banff

Charltons Banff
3.0 star property
Uptown District
8.2 out of 10, Very good, (1,111 reviews)
"Good for a few days stay"
United Kingdom
Kenneth
The price is HK$648
HK$856 total
includes taxes & fees
26 Oct - 27 Oct
Charltons Banff
A modern building with large windows and a snow-covered mountain in the background.

7. Douglas Fir Resort and Chalets

Douglas Fir Resort and Chalets
3.0 star property
Tunnel Mountain District
8.0 out of 10, Very good, (4,405 reviews)
"Very nice place to stay"
Canada
Almie
The price is HK$819
HK$927 total
includes taxes & fees
19 Oct - 20 Oct
Douglas Fir Resort and Chalets
A wooden deck with a railing, wooden chairs, and a view of a mountain and forest.

8. HI Banff Alpine Centre - Hostel

HI Banff Alpine Centre - Hostel
2.0 star property
Tunnel Mountain District
8.2 out of 10, Very good, (635 reviews)
"AMAZING PLACE"
Canada
Damarys
The price is HK$618
HK$700 total
includes taxes & fees
27 Oct - 28 Oct
HI Banff Alpine Centre - Hostel
A modern interior with a stone fireplace, seating area, and a staircase leading to a kitchen.

9. Best Western Plus Banff International Lodge

Best Western Plus Banff International Lodge
2.5 star property
Uptown District
8.8 out of 10, Excellent, (1,334 reviews)
"Convenient location walkable to restaurants and shops."
United States
David
The price is HK$1,093
HK$1,238 total
includes taxes & fees
25 Oct - 26 Oct
Best Western Plus Banff International Lodge
A reception area with a counter, a television mounted on the wall, and signs above the door indicating 'Middle Springs Dr' and 'Tunnel Mtn. Dr'.

10. Banff International Hostel

Banff International Hostel
1.5 star property
Uptown District
7.6 out of 10, Good, (429 reviews)
"I recommend this stay"
Canada
Joshua
The price is HK$824
HK$933 total
includes taxes & fees
8 Nov - 9 Nov
Banff International Hostel
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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Find out more about Banff

Discover cheap things to do in Banff

For budget-conscious travellers keen on exploring the beauty of Banff, Alberta, there’s much to enjoy without breaking the bank. Start with a visit to the stunning Bow Falls, where the thundering water cascades provide a perfect backdrop for a scenic picnic – pack your own lunch to save on dining costs. For the adventurous, the Banff Gondola offers breathtaking views of the Rockies, and if you book in advance, you can snag a deal that makes this experience a worthwhile splurge. Hiking trails , with the Tunnel Mountain trail being a local favourite that’s both manageable and rewarding, revealing spectacular vistas of the town below. Additionally, the Banff Park Museum offers free admission, giving families a chance to delve into the region's natural history. When it comes to dining, head to the local food trucks for delicious, budget-friendly meals that provide a taste of Banff’s culinary scene without the hefty price tag. For accommodation, consider staying in the centrally located Banff Avenue area, where options range from charming motels to hostels. This area not only places you within walking distance of shops and eateries but also provides easy access to the town's many attractions, making it a fantastic base for both relaxation and adventure.

Find the best cheap hotels in Banff

For budget-conscious travellers visiting Banff, Alberta, there are several excellent hotels that offer great value without compromising on comfort. Here are some top picks to consider for an affordable yet enjoyable stay.

Peaks Hotel and Suites

  • Why it's great for a budget-friendly vacation: Peaks Hotel and Suites presents an excellent accommodation choice for budget travellers seeking comfort and convenience in Banff. With an excellent review rating of 9.6, the hotel offers free Wi-Fi to keep travelers connected and informed during their stay. The location in Downtown District allows easy access to local attractions and activities, making it a popular choice for visitors.
  • Other amenities: Guests can enjoy additional features such as covered self-parking and access to hot springs for a relaxing experience. The hotel includes a hot tub and fitness facilities nearby, catering to wellness-oriented travellers. A kitchenette option is available for those who prefer to prepare their own meals, while ski storage and nearby skiing activities provide ample opportunity for winter sports enthusiasts.
  • Neighborhood: Downtown District
  • Nearby attractions: Bow River - 0.3 km, Banff Legacy Trail - 0.3 km, Minnewanka Loop / Lake Johnson - 0.4 km

Banff Aspen Lodge

  • Why it's great for a budget-friendly vacation: The Banff Aspen Lodge is a fantastic option for budget-savvy travelers who still want a touch of comfort during their stay. Boasting a stellar review rating of 9.4, this lodge offers free weekend buffet breakfast and Wi-Fi, along with complimentary toiletries to enhance the traveler experience. The hot tub and relaxing mineral springs provide a perfect retreat after a day of exploring the stunning surroundings.
  • Other amenities: This lodge also features free self-parking, ensuring that travelers can enjoy the convenience of their own transportation. Situated in the Uptown District, it offers easy access to local attractions. The hotel welcomes pets, allowing travellers to bring their furry friends along. Other amenities include ski storage, nearby skiing and snowboarding activities, and a concierge service to assist with planning adventures in the area.
  • Neighborhood: Uptown District
  • Nearby attractions: Banff National Park Information Centre - 0.3 km, Banff Lake Louise Tourism Bureau - 0.3 km, Banff Legacy Trail - 0.4 km

Brewster Mountain Lodge

  • Why it's great for a budget-friendly vacation: Brewster Mountain Lodge is an ideal choice for budget travellers looking to explore the wonders of Banff. With an impressive traveler review rating of 9.2, the lodge provides essential amenities such as free continental breakfast and Wi-Fi, ensuring travelers start their day right without any additional costs. Additionally, the onsite ski shuttle provides convenient access to the nearby slopes, making it perfect for winter sports enthusiasts.
  • Other amenities: Guests can enjoy a variety of features including free toiletries, daily housekeeping, and covered self-parking. The lodge is situated in the vibrant Downtown District, allowing for easy access to local shops and dining options. Outdoor enthusiasts will appreciate nearby hiking and biking trails, as well as the nearby snow tubing and snowshoeing activities. Relaxation is also on hand with nearby hot springs to unwind after a day of adventure.
  • Neighborhood: Downtown District
  • Nearby attractions: Banff Legacy Trail - 0.2 km, Minnewanka Loop / Lake Johnson - 0.3 km, Central Park - 0.3 km

The Elk & Avenue Hotel

  • Why it's great for a budget-friendly vacation: The Elk & Avenue Hotel is a fantastic budget choice, rated 9.0 by guests for its combination of comfort and affordability. With free Wi-Fi and toiletries, guests can enjoy a straightforward stay. The hotel's central location makes it easy for travellers to explore Banff, especially with convenient access to skiing and other winter sports.
  • Other amenities: This hotel also offers a shared microwave and electric kettle for added convenience, alongside an onsite shopping area. Guests can unwind in the hot springs nearby or take advantage of the ski shuttle service. With options for snowboarding and mountain biking in the area, outdoor enthusiasts will find plenty to keep them engaged.
  • Neighborhood: Downtown District
  • Nearby attractions: Banff National Park Information Centre - 0.1 km, Banff Lake Louise Tourism Bureau - 0.1 km, Banff Legacy Trail - 0.2 km

Banff Ptarmigan Inn

  • Why it's great for a budget-friendly vacation: Banff Ptarmigan Inn is an affordable choice for travellers looking for comfort without breaking the bank. With a review rating of 8.8, this inn provides essential amenities such as free toiletries, Wi-Fi, and complimentary self-parking. The hotel’s location in the Downtown District makes it easy for travelers to explore Banff’s vibrant local culture.
  • Other amenities: The inn features a hot tub, perfect for unwinding after a day of adventure, and offers ski passes for those eager to hit the slopes. Nearby snow tubing and snowshoeing options are available for winter sports lovers. For added convenience, travelers can enjoy services like concierge assistance and access to nearby hot springs for relaxation after an active day.
  • Neighborhood: Downtown District
  • Nearby attractions: Banff National Park Information Centre - 0.1 km, Banff Lake Louise Tourism Bureau - 0.1 km, Banff Legacy Trail - 0.3 km

Top Banff Hotel Reviews

Banff Park Lodge

Banff Park Lodge

10/10 Excellent
"Everything was good. Perfect location!!"
Heydi Y Meza 3-night trip
Posted 2 hours ago
Banff Park Lodge

Frequently asked questions

What is Banff like for travellers on a budget?
Banff has cheap accommodation options and a range of things to see and do, making it a great getaway spot for budget travellers. You can find ways to save money while getting to know this destination, which is home to attractions such as Tunnel Mountain, Bow Falls and Cave and Basin National Historic Site.
What's the best accommodation for a budget-friendly stay in Banff?
Based on reviews, Banff Rocky Mountain Resort is a popular hotel for our travellers who want a more economical choice, and features free Wi-Fi and free parking. Other good choices for your budget-friendly stay include The Fox Hotel and Suites and Banff Caribou Lodge and Spa.
How many budget hotels will I be able to find in Banff?
Choose a hotel that suits your wallet from Expedia's 16 budget hotels in Banff.
When is the best time for a budget trip to Banff?
Weather will likely play an important role when you plan your trip to Banff, 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 12°C, while the coldest months are December and February, with an average of -10°C. The snowiest months in Banff are February, March, December and November, with each month seeing an average of 19 cm of snowfall.
What is there to see and do in Banff?
Banff attracts visitors with its majestic mountain views and lakeside setting, and offers plenty to see and do without spending a fortune. You can budget for the local attractions that interest you most, and then fill your itinerary with sights that cost little or nothing at all. Check out the area's cultural spots like Canada House Gallery and Whyte Museum of the Canadian Rockies, or get outdoors at Tunnel Mountain.
How can I get to Banff and get around on a budget?
Scoping out the transportation options in Banff can help keep you on budget. To see more of the larger area, take a train from Banff Station. Banff might not have many public transport choices so renting a car could be a reasonable alternative to see more of the area.

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