BEST Banff Hostels Under $75 a Night!

Looking for the best hostels in Banff? For a small town in the middle of a national park, there are actually some great places to stay in Banff, including some amazing Banff hostels. So, if you’re wondering where to stay in Banff National Park for “cheap,” we have you covered.

To be clear, cheap is in quotations as there are no extremely cheap hostels in Banff, but they do offer some value, comfort, and friendly service. That being said, room rates in the winter are nearly half what they fetch in the peak summer months. If you are traveling to Banff on an extreme budget, we encourage you to visit outside of July and August.

Flanked by dramatic mountains and surrounded by no shortage of things to do, Banff has a lot to offer visitors. All of these Banff hostels will ensure you have a great vacation at an affordable price.

To make sure you pick the right Banff hostel for you, make sure you check out where to stay in Banff, which breaks down each neighborhood.

See Also:

Click on the hotel name or the links to check the latest rates. For the best rates on your hotel reservation, we recommend booking 6-8 months in advance. Please note that we have no control over Banff hostel rates. Rates will rise during periods of high demand.

The Best Banff Hostels

Samesun Hostel

Samesun Backpackers Lodge Hostels in Banff

The Samesun Hostel is in a central part of town, so it’s convenient for those visiting Banff without a vehicle. It’s a cozy little hostel with a small lounge and bar that hosts social events throughout the year. This extends into the day when they organize group activities for the day time.

Rooms at the hostel are ensuite and have fireplaces for a comfortable stay. The communal kitchen makes it easy to cook meals to save money. An underground garage, laundry room, and barbecue facilities make for a comfortable stay. Great service, a cozy setting, and a group atmosphere make Samesun a standout hostel in Banff.

HI Banff Alpine Center

Hi Banff Alpine Center

HI Banff Alpine Center is a large hostel just outside the Banff town center. It’s a rustic Banff hostel that’s been offering lodging to travelers who come to enjoy the natural wonders of the park for decades. As it’s a pretty large hostel, there are several facilities that help with a comfortable stay. There are several self-catering kitchens, BBQ grills, laundry, ski storage, a full-service restaurant, and a bar with darts, billiards, and foosball.

Similar to Samesun, they host many activities that will be appreciated by groups or solo travelers, such as karaoke nights. While it’s a little far to walk to and from town, the hostel does include a free ROAM transit bus pass. Rooms range from mixed and female dorm rooms to private rooms and cabins.

Banff International Hostel

Banff International Hostel

Banff International Hostel is not associated with the Hostel International brand of HI-run hostels like many of the other hostels around the park.

It’s right across from Samesun Hostel, so the location and access to the Banff town core are great as it’s only a couple minutes walk. It’s a little less charming than Samesun, but it’s much larger, and the rooms are more spacious.

Rooms are large with comfortable beds, linens, privacy curtains, lockers, charging points, and reading lights. Facilities onsite include a communal kitchen, grill, lounge, picnic tables, laundry facilities, and a 24-hour front desk. There’s free parking onsite, but it is not underground so if you’re here in the winter it might matter. Staff is super helpful and happy to recommend a hike in Banff, activity, or help with travel planning.

YWCA Banff Hotel

The YWCA is a social enterprise that is inclusive of all travelers, not just women. Their aim is provide the best value for private room accommodation in Banff. Rooms are basic and do not include televisions, air-conditioning, or mini-fridges but they truly are some of the cheapest rooms you’ll find in the valley.

So, guests have easy access to the Bow River Falls, Bow River Trail, and the Banff Gondola. It’s probably the most basic hostel in Banff, and the facilities are dated. However, it is one of the better values in town as it’s a pretty cheap hostel in Banff.

HI Lake Louise Alpine Center

HI Lake Louise Alpine Centre Lake Louise Hotels

The HI Lake Louise Alpine Center is a classic mountain Banff hostel that provides access to some tremendous ski, climb, hike, and mountaineering objectives in the Lake Louise area. It’s a hostel with a mixture of dorm and private accommodation options. The Lake Louise hostel features an onsite cafe and two large communal kitchens.

Amenities on-site include an indoor pool, hot tub, fitness area, lounge with fireplace, library, and outdoor fireplace. The location is in Lake Louise village, a couple minutes’ drive to Lake Louise and the ski resort. There is not much in terms of frills here, but it’s clean and has plenty to offer for a comfortable stay. Given its location, rates are still not cheap, but they are affordable for Lake Louise.

HI Mosquito Creek

HI Mosquito Creek

This Banff hostel is more similar to an alpine hut run by the ACC or other outdoor clubs around the world. It is a very basic hostel that’s in a wilderness setting along the Icefields Parkway.

A stay here requires guests to be self-sufficient as there are only basic facilities such as potable water, beds, drop toilets, and a communal kitchen area. WiFi and a cell phone signal are non-existent Rooms feature bunk beds and include linens for a comfortable stay.

It’s primarily used in the winter months as it provides a warm refuge for those who look to ski tours in the area. However, it does serve as a nice jumping-off point for those who don’t have their own tent or are traveling along the parkway in the cold shoulder months. It’s well-noted for its cleanliness and helpful staff.

HI Rampart Creek

HI Rampart Creek Hostel in Banff

HI Rampart Creek Hostel is another wilderness hostel in Banff, but further up the Icefields Parkway than Mosquito Creek, past Saskatchewan River Crossing. A stay here requires guests to be self-sufficient as there are only basic facilities such as potable water, beds, drop toilets, and a communal kitchen area.

WiFi and a cell phone signal are non-existent Rooms feature bunk beds and include linens for a comfortable stay. This one features a rustic sauna along the river!

Camp in Banff

camping in Banff

Not exactly a Banff hostel, but if your goal is to save money in Banff, your cheapest accommodation option isn’t a Banff hostel. Instead, in the summer months the best option is to camp in Banff.

Campsites are managed by Parks Canada and have set prices. However, most of the campsites only operate in the winter months and the year-round campsites are largely limited to RVs and campervans. The more popular campsites like Two Jack Lake, will book up months in advance, so make sure to plan your camping trip to ensure you book your desired campsite.

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Plan Your Trip to the Canadian Rockies

  • Tours (New in 2024): The Banff Blog is partnering with one of the leading tour companies in Western Canada so readers can experience the magic of the Rockies with other travelers – without having to think about a thing. See all our 2024 tour offerings here!
  • Get to Banff or Canmore Without a Car: The Banff Airporter provides fantastic service connecting you from the Calgary International Airport (YYC) to Banff or Canmore.
  • Get Around: We suggest renting a car to get around. You can search for rental cars on Or embark on an epic campervan trip. We like to compare prices on Motorhome Republic and Outdoorsy.
  • Cheaper Airfare: We also use Going to watch for cheap airfare deals!
  • Hop On, Hop Off: This tour is taking Banff by storm. It’s exactly what it sounds like, hop on and off a bus bound for all the best attractions at your own pace!
About Cameron

Cameron is a resident of Canmore, Alberta. After traveling the world for six years, he settled down in the beautiful Bow Valley with Natasha. He has been featured as a travel expert with numerous publications worldwide and has spoken on several occasions about the power of travel. He has a passion for all things in the Canadian Rockies and loves to spend his time snowboarding, scrambling, camping, biking, and trail running. Conservation is a deep fundamental in his life, and he aims to inspire others to care about our natural world. You can learn more on the about us page.

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