Best Banff Cheap Hotels to Stay

We checked thousands of reviews on and to find the best hotels for your stay
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Alardo Riojas

Updated: 14 September 2024 · 2 min

Nestled amidst the majestic Canadian Rockies lies Banff, a picturesque town that beckons travelers with its stunning natural beauty, vibrant wildlife, and a plethora of outdoor activities. However, exploring this enchanting locale doesn't have to break the bank, thanks to a variety of affordable lodging options. By opting for Banff cheap hotels, visitors can immerse themselves in the scenic splendor of this alpine paradise while staying within budget.

Discovering the right accommodation is key to a memorable Banff experience, and budget-friendly options abound for those who know where to look. These cost-effective hotels not only provide a comfortable base for your adventures but also offer the chance to save money for more exploration and experiences in and around Banff. Recommendations for such hotels often include amenities like complimentary Wi-Fi, guest kitchens, and prime locations near major attractions, ensuring guests don’t sacrifice comfort for affordability.

The allure of Banff extends beyond its breathtaking landscapes to encompass a welcoming atmosphere that caters to budget-conscious travelers. Insights from seasoned visitors highlight the important balance between affordability and convenience, with many cheap hotels situated near public transportation routes or within walking distance of Banff's charming downtown. As you plan your journey to this stunning Canadian destination, remember that exploring the wonders of Banff doesn’t have to be costly, thanks to a wide selection of affordable accommodations that promise an unforgettable stay without the hefty price tag.
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Our Top 4

(Sorted by rating & number of reviews)

1. Banff Inn
2. Bow View Lodge
3. Banff Rocky Mountain Resort
4. Hi Banff Alpine Centre - Hostel

Banff Cheap Hotels

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Banff
Sep 20, 2025 - Sep 21, 2025

Banff Inn

8.3

Good

(2117 Reviews)

+ 134 photos
Conveniently located on Banff Avenue, The Banff Inn welcomes visitors with warm hospitality and affordable rates, making it a standout among Banff cheap hotels. The Inn provides modern, comfortable rooms with essential amenities such as free Wi-Fi and cable TV, ensuring a restful night after a bustling day of adventures. Guests can enjoy the added luxury of the on-site sauna and hot tub, perfect for soothing sore muscles following mountain excursions. The hotel's in-house restaurant and bar offer the convenience of dining options, with a range of dishes that cater to various palates. The Banff Inn's combination of reasonable pricing, contemporary comforts, and friendly service makes it an attractive option for travelers keen on experiencing Banff without overspending. Emphasizing value and location, this hotel proves that affordable stays in Banff can indeed exceed expectations.
Address: 501 Banff Avenue
Rating: Good 8.3 (2117 Reviews)
Rooms: 101
Price: From 142$

Banff Cheap Hotels

Bow View Lodge

7.5

Good

(1217 Reviews)

+ 114 photos
Bow View Lodge offers an unparalleled riverside location, presenting guests with the tranquil beauty of the Bow River at doorstep prices that defy Banff's reputation for sky-high accommodations costs. This hotel charms with its simplistic elegance, providing clean, comfortable rooms that boast stunning river or mountain views. Its strategic location, just steps away from the heart of downtown Banff, allows guests to easily explore the town's shops, restaurants, and bars without the need for transportation. Those looking for value will appreciate the Lodge's complimentary Wi-Fi and guest parking, rarities in such a sought-after location. The affable staff and cozy atmosphere make Bow View Lodge a haven for budget travelers who seek a serene retreat amidst nature's magnificence. Its affordability and picturesque setting ensure a satisfying stay for those prioritizing both budget and beauty.
Address: 228 Bow Avenue
Rating: Good 7.5 (1217 Reviews)
Rooms: 58
Price: From 67$

Banff Rocky Mountain Resort

7.5

Good

(3249 Reviews)

+ 189 photos
The Banff Rocky Mountain Resort stands out for its serene location, enveloped by the stunning Canadian Rockies, offering budget-friendly comforts without compromising the awe-inspiring views. Guests can select from a range of accommodations, including spacious condos and suites with kitchenettes, making it an excellent choice for families or groups seeking value and convenience. The resort features on-site dining, a fitness center, and an indoor pool, catering to guests' relaxation needs after a day of exploring Banff National Park. Its proximity to hiking trails and ski slopes makes it a perfect base for adventure enthusiasts. Affordable rates, paired with comprehensive amenities, mark the Banff Rocky Mountain Resort as a top choice for travelers mindful of their budgets. The warm, lodge-like ambiance complements the breathtaking natural surroundings, ensuring a stay that's both economical and enchanting.
Address: 1029 Banff Avenue
Rating: Good 7.5 (3249 Reviews)
Rooms: 64
Price: From 100$

Hi Banff Alpine Centre - Hostel

8.1

Good

(2105 Reviews)

+ 39 photos
The HI Banff Alpine Centre takes the concept of budget lodging to new heights with its blend of affordability, vibrant community atmosphere, and breathtaking mountain views. This eco-friendly hostel offers dormitory-style and private rooms, catering to solo travelers as well as groups on a tight budget. With a fully equipped guest kitchen, two common lounges, and a licensed café, the Alpine Centre makes it easy to save on dining out, encouraging a communal vibe among guests. It's not just about the savings; the hostel organizes activities and tours, making it simple for guests to explore Banff's natural wonders. The HI Banff Alpine Centre’s focus on sustainable tourism and fostering a global traveler community sets it apart as much more than just an economical place to stay. It represents an adventure basecamp, where affordability meets environmentally conscious travel and a rich social tapestry.
Address: 801 Hidden Ridge Way
Rating: Good 8.1 (2105 Reviews)
Rooms: 267
Price: From 34$