Banff is known for its incredible landscapes and outdoor adventures, but that doesn’t mean you have to overspend on accommodations. Finding the best hotel deals in Banff ensures that your trip is both affordable and comfortable. Whether you’re planning a winter ski trip or a summer hike, booking a hotel in Banff can be easy and budget-friendly with the right options. There are plenty of cheap hotels that offer great amenities, from hot pools to complimentary breakfasts.
Many budget hotels in Banff are located near downtown, giving you easy access to the town’s shops, restaurants, and natural attractions. These hotels also provide added value with features like free Wi-Fi, underground parking, and even complimentary bus passes for convenient travel. No matter your travel style, you’ll find Banff hotel deals that fit your needs while offering great service and comfort.
In this guide, we’ve rounded up the top 12 cheap hotels in Banff to help you book the perfect stay. Whether you’re looking for a quiet retreat or a hotel close to the action, these affordable options will give you everything you need for an unforgettable trip to the Rockies.
10 Cheap Hotels in Banff, Alberta
1. Hotel Canoe and Suites
Canoe & Suites is one of the best cheap hotels in Banff with excellent amenities for relaxation and comfort. Guests can enjoy the newly opened hot pools and sauna, which are perfect for unwinding after a day of exploring Banff. An outdoor lounge with a fireplace is coming soon, providing a cozy spot to relax under the stars. Other conveniences include guest laundry facilities, which are ideal for extended stays, and Sudden Sally Cafe, which serves delicious breakfast, lunch, and dinner with mountain views from the patio.
Located close to the heart of Banff, Canoe & Suites is the perfect choice for those looking to find the best hotel without overspending. Guests can enjoy proximity to Banff National Park’s attractions while taking advantage of the hotel’s wellness offerings and outdoor spaces.
2. Brewster Mountain Lodge
Brewster Mountain Lodge is a charming boutique hotel located in downtown Banff, offering affordable accommodations with a cozy, mountain-inspired atmosphere. The lodge features 77 rooms, each uniquely decorated with handcrafted log furniture and Pendleton blankets, providing a true alpine experience. Guests can enjoy a complimentary continental breakfast in the Breakfast Nook, along with free Wi-Fi and access to a fitness room and dry cedar sauna.
For those looking to explore Banff’s outdoor adventures, the lodge provides a convenient ski locker room and is just steps from the town’s shops and restaurants. Guests can also relax in the mezzanine library, featuring historical Brewster family photographs, or in the lovely courtyard that offers fresh mountain air year-round. Heated underground parking is available for $18 per night on a first-come, first-serve basis.
3. Best Western Plus Siding 29 Lodge
The Best Western Plus Siding 29 Lodge is a top choice for travellers seeking affordable accommodations in Banff, offering a mix of value, comfort, and convenience. The hotel features modern rooms equipped with amenities like free Wi-Fi, flat-screen TVs, and mini-fridges, catering to budget-conscious visitors who don’t want to compromise on essential comforts. Select rooms even include fireplaces and whirlpool tubs, providing a little extra luxury for a reasonable price.
The lodge’s location is a major highlight, just a short walk from Banff’s downtown area. This makes it easy for guests to explore the town’s shops, restaurants, and local attractions without needing to drive.
Additionally, the Best Western Plus Siding 29 Lodge provides free parking and a complimentary breakfast, making it an even more attractive option for travellers on a budget.
4. Tunnel Mountain Resort
Tunnel Mountain Resort is a top choice for budget hotels in Banff for comfortable and family-friendly accommodations. The resort offers a range of options, including suites, cabins, and condos, ideal for families or groups. Each unit is equipped with modern amenities like kitchens, fireplaces, and free Wi-Fi, making it easy to enjoy a cozy stay without overspending. The resort also provides pet-friendly rooms, ensuring everyone can join the adventure.
Located near Tunnel Mountain, the resort provides a peaceful retreat while still being close to downtown Banff and popular outdoor activities. Guests can explore hiking trails, bike routes, and nearby attractions, such as Banff Upper Hot Springs. The resort’s proximity to the town center allows for easy access to shops and dining, adding to its convenience without sacrificing affordability.
Tunnel Mountain Resort stands out with its great facilities, including an indoor pool, hot tub, fitness center, and barbecue areas. These amenities make it an ideal spot for both relaxation and adventure. Affordable rates, combined with excellent service and a prime location, make Tunnel Mountain Resort a go-to option for travellers looking for value in Banff.
5. Mount Royal Hotel
Mount Royal Hotel is a great option for budget travellers. The hotel is located right on Banff Avenue, and the hotel offers modern, comfortable rooms with mountain views, making it an ideal base for exploring the town and its surroundings. Rooms are equipped with free Wi-Fi, flat-screen TVs, and climate control for a cozy stay.
If you’re an outdoor enthusiast, you will appreciate Mount Royal Hotel’s easy access to Banff National Park’s trails, ski slopes, and sightseeing spots. For those seeking relaxation, the hotel also features rooftop hot tubs with breathtaking views of the Canadian Rockies.
Mount Royal Hotel blends affordability with quality service, ensuring guests enjoy a memorable stay without overspending. Its historical charm, combined with modern amenities, makes it a top choice for travellers seeking value in Banff.
6. Elk + Avenue Hotel
Elk + Avenue Hotel is another budget-friendly yet stylish choice for budget-conscious travellers to Banff National Park. Located on Banff Avenue, it offers modern rooms with mountain views essential amenities, and climate control. The hotel’s sleek design blends rustic mountain charm with contemporary comforts, making it a cozy and affordable option.
The central location allows guests easy access to downtown Banff’s souvenir shops, classic Banff restaurants, and local attractions. Visitors can also quickly reach nearby outdoor activities such as skiing, hiking, and sightseeing in Banff National Park. The hotel features a sauna and hot tub, providing a great place to unwind after a day of adventure.
Elk + Avenue Hotel combines comfort, affordability, and convenience, which makes it one of my top choices for budget travellers looking to explore Banff.
7. Royal Canadian Lodge
The Royal Canadian Lodge offers a balance of comfort and affordability for travellers seeking to spend less on accommodation in this part of the Canadian Rockies. The hotel features spacious, well-appointed rooms with classic mountain décor and essential amenities, plus plush bedding. Guests can also enjoy the on-site Grotto Spa, which features a mineral pool and hot tub, which are perfect for unwinding after a day of exploring.
Located just a short walk from Banff Avenue, the hotel gives easy access to the town’s shops, restaurants, and outdoor adventures like many other hotels on the list. Visitors can also quickly reach Banff National Park’s popular attractions, including scenic hiking trails and ski slopes.
The Royal Canadian Lodge is a top choice if you want both luxury and value at the same time when you visit Banff.
8. Buffalo Mountain Lodge
Buffalo Mountain Lodge is another great choice for budget travellers seeking a nature-inspired getaway in Banff. The lodge offers cozy, cabin-style rooms with features like wood-burning fireplaces, private balconies, and free Wi-Fi. Guests can enjoy a peaceful retreat surrounded by nature, with easy access to the stunning landscapes of Banff National Park.
Located on Tunnel Mountain, the lodge provides a quiet, rustic atmosphere while still being close to Banff’s main attractions. Popular activities such as hiking, skiing, and wildlife viewing are just a short distance away for outdoor enthusiasts.
Buffalo Mountain Lodge combines affordability, comfort, and an authentic mountain lodge experience. It offers a unique, relaxing stay in the heart of Banff’s natural beauty without the high price tag.
9. The Juniper Hotel
The Juniper Hotel offers a budget-friendly stay with some of the best views in Banff. Located right on the edge of the town, this hotel provides modern rooms with panoramic views of the surrounding mountains and forests. Rooms come with amenities like free Wi-Fi, flat-screen TVs, and eco-friendly toiletries, ensuring both comfort and sustainability.
Guests at The Juniper Hotel enjoy easy access to hiking trails, wildlife viewing, and Banff National Park’s major attractions. The on-site Bistro offers local cuisine with beautiful mountain views.
10. Banff Caribou Lodge & Spa
Banff Caribou Lodge and Spa offers cozy, affordable accommodations with excellent amenities. Rooms feature free Wi-Fi, mountain-inspired décor, and luxurious bedding. The lodge also boasts a relaxing hot pool, sauna, fitness room, and the full-service Red Earth Spa. For dining, guests can enjoy The Keg Steakhouse & Bar.
Convenient for all travellers, the hotel offers meeting rooms with windows, pet-friendly accommodations, guest laundry, and complimentary Banff Roam bus passes. Guests also benefit from the Key to Banff Savings program for local deals.
11. Charltons Banff
Charltons Banff offers cozy and affordable accommodations with an alpine-inspired design. The hotel features an indoor pool, hot tub, and steam room, perfect for relaxing after a day of adventure. With cedar-planked walls and hanging greenery, the pool area offers a warm, inviting atmosphere. Complimentary bikes and helmets are available seasonally, making it easy to explore Banff’s scenic trails.
Other amenities include high-speed Wi-Fi, on-site parking, ski and golf storage, and dry-cleaning services. Charltons Banff focuses on guest comfort with modern amenities while providing great value.
12. Banff Ptarmigan Inn
Banff Ptarmigan Inn offers budget-friendly accommodations, with a variety of great amenities for a person looking for the best place to stay in Banff without spending much. Guests can relax in two indoor hot tubs, a steam room, and a sauna, perfect for unwinding after exploring Banff. The hotel provides complimentary Wi-Fi, underground parking, and Banff Roam bus passes, making it easy to get around town.
The inn features The Meatball Pizza & Pasta, offering Italian-inspired meals at reasonable prices. Meeting rooms are available for events and gatherings. Plus, the hotel is pet-friendly, ensuring everyone in the family is welcome.
Located near downtown Banff, Ptarmigan Inn combines comfort and convenience with perks like the Key to Banff Savings program for local discounts.
Final Thoughts on cheap hotels in Banff
No matter your budget, Banff has a variety of affordable accommodations that ensure a memorable and comfortable stay. You can easily find the cheapest Banff hotel deals that offer all the necessary amenities, whether you’re looking for a hotel in the city center or a cozy lodge tucked away in the mountains.
These top 10 cheap hotels will not only help you feel at home but will also make your trip to Banff stress-free and enjoyable. Don’t miss the chance to book a great stay while saving money.
