The Best Cheap Hotels in Banff

Mount Rundle is a stunning view not to be missed when visiting Banff National Park, Canada
Mount Rundle is a stunning view not to be missed when visiting Banff National Park, Canada | © RooM the Agency / Alamy Stock Photo
Photo of Emma Gibbins
3 November 2020

Banff was first settled in the 1800s after Canadian Pacific Railway workers came across a group of natural hot springs surrounding Sulphur Mountain – an area that later expanded into Canada’s oldest national park. With a backdrop of Mesozoic mountains and blue alpine lakes, this resort town may be considered a luxury destination, but there’s no reason you can’t see all it has to offer on a budget. Here are the top places to stay that won’t break the bank.

Banff Ptarmigan Inn

Budget Hotel, Inn
4.2/5 (1324 Reviews)
Banff Ptarmigan Inn
Courtesy of Banff Ptarmigan Inn / Expedia
Price Drop
Now from $99 per night
Based in downtown Banff, the central location of this affordable inn is its highlight. As are its complimentary bus passes, which are rare offerings for central hotels and take you straight to the town’s ski lifts in a matter of minutes. After a day at the slopes, soothe aching muscles with a dip in the hotel’s two indoor hot tubs, sauna and steam room, before tucking into a hearty Italian meal at the on-site restaurant, Meatball Pizza & Pasta, where you’ll also enjoy complimentary breakfast.
More info

Royal Canadian Lodge

Budget Hotel, Lodge
4.3/5 (916 Reviews)
Royal Canadian Lodge
Courtesy of Royal Canadian Lodge / Expedia
Price Drop
Now from $139 per night
A fifth-generation Banff family owns and runs this lodge-style hotel, conveniently located just 10 minutes from the town center. Relax in your pick of 99 airy guest rooms and drift to the Grotto Spa for an all-natural treatment, set to a backdrop of slate rocks and tumbling waterfalls. After a day skiing, get cozy by the lobby’s stone fireplace, and enjoy complimentary coffee and hot apple cider. When hunger strikes, head to the Evergreen Restaurant and Lounge that champions locally inspired cuisine.
More info

Mystic Springs Chalets and Hot Pools

Ski Chalet, Hotel
4.1/5 (402 Reviews)
Mystic Springs Chalets and Hot Pools
Courtesy of Mystic Springs Chalets and Hot Pools / Expedia
Escape the Banff crowds, and head south to the nearby town of Canmore, the home of Mystic Springs. Each of its 40 self-catering residences has two bedrooms, two bathrooms, a full kitchen and a fireplace, making it ideal for family getaways. Individual entrances wrap around an intimate courtyard and large outdoor heated pool, which is the largest in Canmore and offers scenic mountain views. Come evening, take advantage of the courtyard’s communal barbecues, where you’ll find a picnic area, on-site laundry facilities and vending machines.
More info

Why Book With Culture Trip?

  • Free cancellation

    In these uncertain times, cancel or change for free on select properties.

  • Price-match guarantee

    Find a better price on your booking and we’ll match it. Simple.

  • Unbiased & trustworthy

    Book from recommendations handpicked by travel experts.

  • Charlton’s Banff

    Budget Hotel, Hotel
    4/5 (945 Reviews)
    Charlton's Banff
    Courtesy of Charlton's Banff / Expedia
    Price Drop
    Now from $123 per night
    Since 1948, guests have favored Charlton’s for its relaxed, alpine feel and status as Banff’s first year-round tourist accommodation. As the name suggests, the hotel shares its owners with the Royal Canadian Lodge, two doors down. Planning a romantic getaway? Opt for a Loft Suite, where a spiral staircase leads to a cozy bedroom, boasting vaulted ceilings and a plush king-size. If you are visiting during the summer, you can take advantage of complimentary bike rentals.
    More info

    Rundlestone Lodge

    Budget Hotel, Lodge
    4.3/5 (972 Reviews)
    Rundlestone Lodge
    Courtesy of Rundlestone Lodge / Expedia
    Price Drop
    Now from $77 per night
    Many of Banff’s most popular hotels sit along the conveniently central Banff Avenue — and Rundlestone Lodge is no different. After traversing Banff National Park and exploring the town’s bars, return to a lobby with a roaring log fire, before unwinding with a Canadian-brewed Big Rock ale at Patrinos Steak House & Pub. The hotel’s 98 cozy guest rooms exemplify its rustic feel, many offering prime views over its namesake, Mount Rundle. For a taste of luxury, book a Premium Suite with its own loft and jetted two-person marble tub.
    More info

    Canalta Lodge

    Lodge, Budget Hotel
    Canalta Lodge
    Courtesy of Canalta Lodge / Expedia
    Built in 2003, Canalta Lodge is one of Banff’s newest additions; it’s a decidedly modern hotel that respects its natural surroundings. After checking in, take a seat on a luxe leather couch, and warm up by the fire in the hotel’s open foyer, where floor-to-ceiling windows bring the outside in. The lobby area welcomes guests to enjoy a complimentary hot breakfast each morning, while it’s also home to an on-site coffee shop, Happy Camper. Meanwhile, the real heart of Canalta is its courtyard, featuring outdoor hot tubs, a glacier plunge tub and fire pits with an evening s’mores service.
    More info
    These recommendations were updated on November 3, 2020 to keep your travel plans fresh.

    From this Article

    Cookies Policy

    We and our partners use cookies to better understand your needs, improve performance and provide you with personalised content and advertisements. To allow us to provide a better and more tailored experience please click "OK"