Stays for $150 and Less in Banff and Jasper National Parks
- Georgia Ristivojevic
- Nov 7, 2025
- 3 min read
Updated: 4 days ago
Planning a holiday can be costly, especially when you factor in flights, transport, accommodation and sightseeing fees.
Save more on your next trip to Banff and Jasper National Parks and get bang for your buck with these cheap(er) and cheerful accommodation options! We've rounded up some of the best stays in Banff and Jasper for $150 or less per night*.
*Pricing accurate at time of publishing. Prices may vary depending on the season. Please check the hotels' website for most accurate pricing and rates. Prices excluding tax.
Stay in Canmore for $150 or Less
Canmore is the perfect location to start your Rocky Mountain adventure. Located just outside the Banff National Park gates and only an hour from Calgary International Airport, this mountain town is a great option to stay whilst still being right next to the park.
Clean, comfortable and centrally located, The Canmore Downtown Hostel is a great option for those on a budget.
This hostel offers the best of hostel life with privacy and comfort and offers a private room with ensuite from $90 or a beds in a shared dorm from $55.
Plus, get kitchen facilities and socialising opportunities included in your stay!
The Canmore Rocky Mountain Inn offers mountain accommodation suitable for all travellers!
Snag a comfy Queen Room from only $101 per night at this cosy hotel.
Stay in your very own log cabin for less at the Canmore Alpine Hostel. Located a 10-minute drive out of town, get a true mountain experience with striking views of the Three Sisters Mountain Range.
Book a cabin from $270 per night. That's $135 per person for two people or $67.50 for four! These are big cabins and are suited for larger groups so the more people you have, the more you save.
Stay in Banff for $150 or Less
Ready to enter the National Parks? Get amongst it all in the heart of Banff National Park and experience Banff town at one of these affordable hotels.
The King Edward Hotel offers affordable and central accommodation right in the heart of downtown Banff.
Stay in a Queen Room from only $104 per night and be within walking distance to cafes, restaurants and shopping. It's hard to find a better deal than that!
The HI Banff Alpine Centre embodies mountain living in its secluded location near tunnel mountain.
Enjoy some more serenity and no-frills accommodation with dorm beds available from $56 per night. Upgrade your stay to a private dorm room from $118 per night or a private twin room from $170 per night.
Enjoy two fully stocked kitchens for cooking and storing food, plus a pub, cafe and hostel activities (including free yoga!)
Stay in Lake Louise for $150 or Less
Seeing the iconic Lake Louise doesn't have to cost an arm and a leg. Save your money for sightseeing (or a treat at the Chateau!) with these affordable accommodation options.
One of our favourite places to stay in the Canadian Rockies is the HI Hostel Lake Louise. Stay nearby the world-famous lake for less at this whimsical alpine lodge.
Shared dorms start from $56 per night and privates start from $158 per night.
Similar to HI Banff Alpine Centre, this hostel offers similar amenities like Peyto's Cafe, a fully stocked kitchen and free hostel activities.
Stay in Jasper for $150 or Less
Experience the true wilderness of the Canadian Rockies in Jasper National Park. Save on your stay to maximise the outdoor fun!
The Whistler's Inn is a cosy hotel located downtown with a pub, restaurants, and even, a rooftop hot tub!
Score a comfy Standard Room with a Queen Bed from $152 for per night.
Budget travellers can stay right in the heart of town at the clean and comfortable Jasper Downtown Hostel.
Offering all the amenities as any hostel, dorm beds go from $60 per night and private rooms are available from $135 per night.
If you have a car and want to truly embrace the vast wilderness of Jasper National Park, the Overlander Mountain Lodge may be for you.
Located about 45-minutes from Jasper town, near the park gates, this mountain resort offers hotel rooms from $145 per night.
The resort is also located close by the Miette Hot Springs, a must-visit in the summer!
Visiting the Canadian Rockies and Canada's most famous national parks doesn't have to break the bank with these affordable accommodation options.
Plan your trip to Banff and Jasper National Parks with The Departure Desk — where every trip takes off. Visit thedeparturedesk.com for travel blogs, itineraries and more planning tools, and follow us on social media.
