Introduction
Banff, with its stunning mountain landscapes and crystal-clear lakes, is a dream destination for many travelers. But let’s face it, a trip to this Canadian gem can be pretty hard on the wallet. That’s why finding affordable accommodation is so important. It can make the difference between a stress-free vacation and constantly worrying about your budget. Don’t worry, though! I’ve got your back with some great budget-friendly options that’ll help you enjoy Banff without breaking the bank.
Factors to Consider When Choosing Cheap Hotels in Banff
Before we dive into our top picks, let’s chat about what to look for when choosing cheap hotels in Banff:
Location relevance in Banff
Being close to the action can save you time and money on transportation. But remember, hotels right in the center of town often come with a higher price tag. It’s all about finding that sweet spot between convenience and cost. If you are a traveler without a car, staying near bus stops or shuttles can help you to explore Banff easily.
Comparison of amenities vs. price
Sure, a spa and fancy restaurant are nice, but do you really need them? Focus on the essentials that matter most to you. Sometimes, a clean room and a comfy bed are all you need for a great stay. When staying in Banff, you might get all the views all day long. From my perspective, good and cheap hotels in Banff are necessary to stay in Banff as the higher the amenities the price will skyrocket. So, my preference is to stay closer to nature and find a good and clean place to sleep at night.
Check-in and check-out times
Flexible check-in and check-out times can be a real lifesaver, especially if you’re arriving late or have an evening flight. It’s worth checking these details before you book.
Guest reviews and ratings
I always say, “The proof is in the pudding.” Or in this case, the reviews. Take some time to read what other travelers have to say. They often reveal the true nature of a hotel, beyond what’s in the official description.
Top 5 Cheap Hotels in Banff
Tunnel Mountain Resort
One of the most popular cheap hotels in Banff is Tunnel Mountain Resort. This cozy resort is a great option for budget-conscious travelers. Prices typically range from $100 to $150 per night, depending on the season.
Room Types:
- Superior Suites: Cozy accommodations suitable for couples or small families.
- Studio, One-Bedroom, and Two-Bedroom Condos: These units feature kitchen facilities, making them ideal for guests who prefer to cook their own meals.
- Mountain Cabins: Standalone cabins offer a rustic yet comfortable experience, complete with kitchen amenities.
Breakfast: The resort does not offer complimentary breakfast. Given the availability of kitchen facilities in many units, guests can prepare their own breakfasts and other meals during their stay.
Key amenities:
- Indoor pool and hot tub
- Kitchenettes in most rooms
- Free Wi-Fi
Tunnel Mountain Resort is about a 5-minute drive from downtown Banff. It’s close enough to be convenient but far enough to enjoy some peace and quiet. The hotel is pet friendly which is a plus for the pet owners. As the hotel is only a five-minute drive from downtown, there is no issue with finding affordable/ good restaurants.
Comparing the other cheap hotels in Banff, this hotel has a partially refundable policy. If unfortunate cancellation is required, they need to be informed three days prior to the scheduled arrival. Otherwise, the customer needs to pay the first night’s room pay plus taxes.
Guest Reviews: Guests appreciate the resort’s peaceful location and family-friendly amenities. One reviewer shared, “The location is perfect. Will definitely be back.” Another mentioned, “Nice resort with lots to do… There were tennis courts, squash, gym, pool and basketball court.”
Banff Park Lodge Resort Hotel
This beautiful lodge is my 2nd pick among all the cheap hotels in Banff. Located right in the heart of Banff, this hotel offers great value for its location. Expect to pay between $120 and $180 per night.
Room Types:
- Standard Rooms: Well-appointed rooms suitable for various types of travelers.
- Superior Rooms: Offer additional space and amenities for enhanced comfort.
- Deluxe Rooms and Suites: Provide premium features and more spacious accommodations for guests seeking an upgraded experience.
Breakfast: Complimentary breakfast is not typically included. The hotel features on-site dining options where guests can purchase breakfast and other meals.
Key amenities:
- Indoor pool and whirlpool
- On-site restaurants
- Fitness center
You’ll be steps away from Banff’s main street, with easy access to shops, restaurants, and attractions. The restaurants are quire near to the hotel also. However, the hotel doesn’t allow dogs.
The hotel has a flexible cancellation policy. You can cancel the reservation 48 hours before your scheduled arrival.
Guest Reviews: Visitors praise the hotel’s central location and amenities. One guest mentioned, “Great place to stay, very central and close to everything.” Another review highlighted the dining experience, stating, “The on-site restaurant had delicious food and excellent service.”
Elk + Avenue Hotel
This recently renovated hotel combines style and affordability. Rates usually fall between $130 and $200 per night.
Room Types:
- Two Queens: Rooms featuring two queen beds, suitable for families or groups.
- Regular King: Rooms with a king-sized bed, ideal for couples or solo travelers seeking extra space.
- Loft Rooms: Multi-level rooms providing additional space and privacy.
- Deluxe Two Queens and Deluxe King: Upgraded rooms offering enhanced amenities and comfort.
- Junior Suites: Spacious suites with separate living areas for guests desiring more room to relax.
Breakfast: Complimentary breakfast is not included. Guests can enjoy meals at the on-site restaurant, Farm & Fire, which offers a variety of breakfast options for purchase.
Key amenities:
- Modern, stylish rooms
- On-site restaurant and bar
- Ski storage
Elk + Avenue is right on Banff Avenue, putting you in the center of all the action. The hotel is pet-friendly and has a flexible cancellation policy.
Guest Reviews: Travelers commend the hotel’s modern decor and location. One reviewer noted, “The rooms were clean and modern, and the location was perfect for exploring Banff.” Another guest mentioned, “Staff were friendly and helpful, and the hotel had all the amenities we needed.”
The Dorothy Motel
Don’t let the word “motel” fool you – The Dorothy is a gem. Prices range from $90 to $140 per night.
Room Types:
- Superior Hotel Rooms: Options include rooms with one king bed or two queen beds, catering to different guest preferences.
- All rooms are equipped with a mini-refrigerator, microwave, in-room coffee and tea, air conditioning, and complimentary Wi-Fi.
Breakfast: Complimentary breakfast is not provided. However, the in-room amenities like the mini-refrigerator and microwave allow guests to store and prepare simple meals or snacks.
Key amenities:
- Newly renovated rooms
- Kitchenettes available
- Free parking
Located about a 10-minute walk from downtown, it’s a bit quieter but still very accessible. The motel is pet-friendly. Cancellation can be done any time before 72 hours of the scheduled arrival.
Banff Rocky Mountain Resort
This resort offers apartment-style accommodations, perfect for families or groups. Prices typically range from $110 to $170 per night.
Room Types:
- Standard Suites: Comfortable accommodations suitable for couples or solo travelers.
- Studio, One-Bedroom, and Two-Bedroom Condos: These units come with kitchen facilities, making them ideal for families or groups seeking the convenience of preparing their own meals.
- Loft Suites: Spacious accommodations featuring lofted sleeping areas, providing additional space and privacy.
Breakfast: The resort does not include complimentary breakfast. However, with in-room kitchen facilities available in many units, guests have the flexibility to prepare their own meals.
Key amenities:
- Full kitchens in most units
- Indoor pool and tennis courts
- Free shuttle to downtown Banff
It’s about a 10-minute drive from downtown, but the resort setting and mountain views make up for it. The hotel is pet-friendly and has a flexible cancellation policy.
Guest Reviews: Guests appreciate the resort’s location and amenities. One reviewer mentioned, “Great Location just 5 minutes from Downtown! Their Free shuttle comes every 2 hours to and from Downtown Banff and was so convenient.” Another guest highlighted the wildlife sightings, stating, “You will see wildlife from the window, it was a blessing to see the elk family come by the windows every morning and evening.”
Here are the ratings for the cheap hotels in Banff. These ratings are gathered in January 2025.
| Hotel Name | Trip Advisor Rating | Google Rating | Booking.comRating | Expedia Rating | Our personal Rating |
| Tunnel Mountain Resort | 4 / 5
(out of 1507 reviews) |
4.3 / 5
(out of 1344 Google Reviews) |
8.5 / 10
(out of 1556 reviews) |
9/10
(out of 1703 reviews) |
4.5 / 5 |
| Banff Park Lodge Resort Hotel | 4 / 5
(out of 4080 reviews) |
4.1 / 5
(out of 2075 Google Reviews) |
8.2 / 10
(out of 1073 reviews) |
8.8/10
(out of 1730 reviews) |
4.3/5 |
| Elk + Avenue Hotel | 4 / 5
(out of 3281 reviews) |
4.3 / 5
(out of 1556 Google Reviews) |
8.2 / 10
(out of 691 reviews) |
9/10
(out of 1547reviews) |
4/5 |
| The Dorothy Motel | 4 / 5
(out of 47 reviews) |
4.5 / 5
(out of 301 Google Reviews) |
8.6 / 10
(out of 1033 reviews) |
9.2/10
(out of 872 reviews) |
4/5 |
| Banff Rocky Mountain Resort | 3.5 / 5
(out of 1402 reviews) |
3.9 / 5
(out of 301 Google Reviews) |
7.5 / 10
(out of 2564 reviews) |
8 /10
(out of 2046 reviews) |
3.85/ 5 |
Saving Tips When Booking
Best time to book for deals
In summer, it is very tough to get cheap hotels in Banff. I’ve found that booking in the shoulder seasons (spring and fall) can save you a bundle. Also, keep an eye out for midweek deals if your schedule is flexible.
Using rewards programs and discounts
Don’t forget to check if you’re eligible for any discounts through your work, school, or memberships. Usually, university students get a healthy discount. Don’t forget to bring your student ID during your stay. And signing up for hotel loyalty programs can lead to some sweet perks and savings over time.
Alternative Affordable Accommodations
Hostels and guesthouses in Banff
If you’re open to sharing spaces and meeting new people, hostels can be a super affordable option. Banff has some great ones that won’t break the bank.
Vacation rentals: pros and cons
Vacation rentals can be a good choice, especially for longer stays or larger groups. Just be sure to factor in any extra fees when comparing prices with hotels.
Conclusion
There you have it – proof that you don’t need to spend a fortune to enjoy beautiful Banff. Whether you choose one of these budget-friendly hotels or opt for alternative accommodations, the important thing is that you’re out there exploring this amazing place. Remember, the best memories often come from the adventures you have outside your hotel room, not how fancy it is. So go ahead, book that trip to Banff. Your wallet (and your Instagram feed) will thank you!
