10 Best Cheap Hotels in Canmore (Local Picks)

When planning a trip to Banff National Park, most travellers begin with a look at best hotels in Banff, but many will be surprised at the high prices. Just 20 minutes away from the Town of Banff, Canmore is usually the smartest place to look when Banff hotel prices feel too high; there’s lots of great cheap hotels in Canmore (our hometown!).

While making this list of the best cheap hotels in Canmore, I realized they are not all cheap in the same way. Some have the lowest nightly rates, while others cost a little more but give you better value through amenities like breakfast, kitchenettes, pools, or larger rooms.

To make this easier for you to decide, I’ve split this list into the cheapest hotels in Canmore and the best cheap value hotels in Canmore, so you can quickly find the option that best fits your budget and travel style.

Given that we live in Canmore, we obviously haven’t stayed at all of these Canmore budget hotels. But, based on our experiences and ample local knowledge, we are confident giving you this carefully curated list of the finest affordable hotels in Canmore. So, get ready to embark on an unforgettable holiday as we unveil the best cheap hotels in Canmore.

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Cheapest Hotels in Canmore (Lowest Prices)

The five hotels in this section are my recommendations for hotels which most consistently land in the lower price tier in Canmore hotel searches. There are plenty of inexpensive hotels in Canmore, but these are the five which are worth a look.

Canmore Rocky Mountain Inn

Best for a quiet budget stay.

Indulge in a carefree mountain escape at Canmore Rocky Mountain Inn, one of the best affordable hotels in Canmore. With over 60 tastefully furnished rooms, this charming inn offers a range of top-notch amenities, including a dry sauna and a welcoming lobby with a wood-burning fireplace, creating a relaxed ambience.

Blending seamlessly with the mountainous surroundings, Canmore Rocky Mountain Inn features classic cottage-style interiors and exteriors, creating an inviting atmosphere that harmonizes with the natural beauty of the area.

Nestled close to Canmore’s most enticing attractions, the hotel is ideally situated for outdoor enthusiasts. Registered guests can enjoy the hotel’s complimentary bicycle program, an eco-friendly way to explore Canmore or the nearby Town of Banff via the Legacy Trail.

We had a very enjoyable stay at the Canmore Rocky Mountain Inn a few years ago when we needed to find a place to stay before we took possession of our house. We wanted to find comfortable, clean & affordable Canmore accommodation, and we were very happy with our choice! Our kids loved the family of rabbits (including two bunnies!) which lived nearby.

Canmore Rocky Mountain Inn stands as one of the best cheap hotels in Canmore, offering an excellent stay amidst the natural beauty of the region.

Super 8 by Wyndham Canmore

Best for a simple low-cost stay.

For travellers looking for a reliable cheap hotel in Canmore, the Super 8 is a great choice. Located on Bow Valley Trail just off the Trans-Canada Highway, this affordable Canmore hotel makes a practical base for exploring Canmore, Banff National Park, and the surrounding Canadian Rockies.

A recently built hotel, the Super 8 has a good selection of amenities including a fitness centre, indoor whirlpool, complimentary breakfast, high-speed internet, and even some rooms with kitchenettes, which can be especially helpful if you’re traveling to Canmore on a budget.

Super 8 Canmore is a good fit for budget travellers who want a straightforward stay without paying for extra resort-style amenities they may not use. Its location makes it convenient for road trips through the Rockies, ski trips, or anyone who wants an affordable hotel near Banff while staying in Canmore.

For a simple, comfortable, and budget-friendly place to stay, Super 8 deserves a spot among the best cheap hotels in Canmore.

Rocky Mountain Ski Lodge

Best for classic budget value.

Nestled in the heart of Canmore, the Rocky Mountain Ski Lodge stands out one of the top budget hotels in Canmore. Its range of accommodation, including hotel rooms and apartments, makes it one of the best cheap places to stay near Banff.

As the name suggests, the Rocky Mountain Ski Lodge is a great place for people looking to go skiing in Banff. Not only do they offer ski storage lockers, but they also offer an inviting hot tub and relaxing sauna to unwind after a fun day on the slopes.

The hotel rooms boast mountain views, air conditioning, and complimentary Wi-Fi. Each room is equipped with convenient amenities such as mini-fridges and coffeemakers. Furthermore, guests can enjoy the lodge’s complimentary BBQ facilities and picnic area.

For those visiting Canmore with kids, the Rocky Mountain Ski Lodge has a great playground. Even your four-legged family members are welcome, as the Rocky Mountain Ski Lodge is also a pet-friendly Canmore hotel.

With a 24-hour front desk, self-serve laundry facilities, and baggage storage, the lodge caters to travellers seeking convenience. Its proximity to Kananaskis Country and Banff National Park makes it an ideal location for tourists seeking to explore the natural wonders of the Canadian Rocky Mountains.

Chateau Canmore

Best for affordable comfort.

Discover Chateau Canmore, an affordable gem nestled among the stunning Canadian Rockies in the Bow Valley. This budget-friendly hotel offers cozy rooms with fireplaces, while select rooms offer whirlpool bathtubs, and breathtaking mountain views.

Benefiting from a great location on Bow Valley Trail just off the Trans-Canada Highway, the Chateau Canmore is one of the closest affordable hotels in Canmore to the Banff park gates. Ideal for road trippers, the hotel is conveniently close to gas stations and electric vehicle charging stations.

Outdoor enthusiasts will find plenty to enjoy, with the hotel situated just minutes from the start of the Banff Legacy Trail — a scenic 26.8 km paved path linking Canmore with the Town of Banff, perfect for walking and cycling enthusiasts. Guests can also explore some of the best walking trails in Canmore, many of which are close by.

Chez Francois, one of my favourite breakfast restaurants in Canmore, is conveniently located in the Chateau Canmore. Known for their creative eggs benedict dishes, Chez Francois is the perfect restaurant to start your day of play in the Canadian Rockies!

Experience the best of Canmore at a great price at Chateau Canmore, one of the best cheap places to stay in Canmore.

Canmore Inn & Suites

If you’re searching for a cheap hotel in Canmore that offers a few extra amenities, Canmore Inn & Suites is a solid choice. Located along Bow Valley Trail just minutes from downtown Canmore, this affordable hotel provides easy access to restaurants, shops, and the highway leading into Banff National Park.

Rooms are simple but comfortable, with options ranging from standard hotel rooms to larger suites that can accommodate families or small groups. Free parking and Wi-Fi are included, helping keep the overall cost of your stay down.

While it may not have the same mountain views or upscale feel as some Canmore resorts, Canmore Inn & Suites delivers good value for travellers who want an affordable hotel in Canmore with easy access to Banff and the surrounding Rockies.

Best Cheap Value Hotels in Canmore

The final five hotels on this list often cost a little more than the cheapest options but offer better rooms, higher guest satisfaction, or better amenities, making them strong “value” picks. Despite the improved offerings, these five Canmore hotels are still typically found in the lower half of hotel prices.

WorldMark Canmore – Banff

WorldMark Canmore-Banff presents an affordable and inviting option for a comfortable stay in Canmore. Offering a quiet, natural location a few minutes outside of downtown Canmore, the WorldMark Canmore-Banff hotel is an excellent choice for outdoor enthusiasts and nature lovers. In fact, the WorldMark hotel is one of the locations where we drop off our kids for their mountain biking camps.

The resort features spacious studios and larger units with mini kitchens, cable TV, and access to an on-site laundry facility. Enjoy breathtaking views of the majestic Canadian Rockies from the suites, which can comfortably accommodate large families.

The WorldMark Canmore-Banff resort provides a variety of amenities. Take a refreshing dip in the outdoor heated pool or unwind in the indoor or outdoor hot tubs. Stay active at the fitness centre or relax in the recreation room, with comfortable seating, a TV, a pool table, and a cozy fireplace. Guest laundry facilities, BBQ grills, and convenient underground parking are also available.

WorldMark Canmore-Banff ensures accessibility for all guests, offering features such as accessible self-parking, van-accessible self-parking, accessible public entrance, accessible guest rooms, and accessible elevators. Service animals are warmly welcomed.

Choose WorldMark Canmore-Banff for its affordable rates, natural setting, and access to a wide array of outdoor activities, creating a memorable and value-packed stay in Canmore.

Falcon Crest Lodge by CLIQUE

Best for condo-style value.

For a picturesque and affordable stay in the Canadian Rockies, head to Falcon Crest Lodge by CLIQUE. This great Canmore hotel offers a blend of luxury and affordability, making it a top choice for people visiting the Rocky Mountains.

Falcon Crest Lodge offers spacious condo-style suites with either kitchenettes or full kitchens, along with spa-inspired bathrooms and daily housekeeping. Striving to minimize its environmental impact, the lodge has implemented energy-efficient lighting, recycled plastic patio furniture, and water-saving rain showerheads. Additionally, they partner with Soap for Hope to reduce waste while supporting those in need.

With two outdoor hot tubs providing breathtaking views of the Three Sisters, Ha Ling Peak, and the Rundle Range, guests can relax and unwind in style. The Falcon Crest Lodge also offers 24/7 concierge service to assist guests in planning their itinerary.

Falcon Crest Lodge by CLIQUE ensures an unforgettable experience of luxury, comfort, and convenience, solidifying its place among the best affordable hotels in Canmore.

Basecamp Lodge Canmore

Best for style and location.

For travellers looking for a cheap hotel in Canmore that still feels modern and stylish, Basecamp Lodge Canmore is a great option. Located just a short walk from downtown Canmore, this boutique-style lodge offers easy access to local restaurants, shops, and trails while still providing quick highway access for day trips into Banff National Park and the Canadian Rockies.

Basecamp Lodge has a cozy mountain-lodge feel, with thoughtfully designed rooms that feature natural wood accents and comfortable bedding. Some rooms include kitchenettes, which can be helpful if you’re trying to keep food costs down during your trip. Guests can also enjoy the rooftop hot tub and sauna, a great place to relax after a day of hiking or sightseeing in the mountains.

While Basecamp Lodge isn’t always the absolute cheapest hotel in Canmore, it often represents excellent value thanks to its location, modern rooms, and consistently strong guest reviews. For travellers who want an affordable place to stay near downtown Canmore without sacrificing comfort or style, Basecamp Lodge is a standout choice.

Pocaterra Inn & Waterslide

Best for budget-friendly family amenities.

Check out the Pocaterra Inn & Waterslide if you seek a Canmore budget accommodation that’s as comfortable as it is affordable. This charming Canmore hotel extends a warm welcome to all its guests with freshly baked goodies and superior hospitality services.

One of the best Canmore hotels with a pool, the Pocaterra Inn is known for its large indoor pool with a thrilling waterslide and hot tub, perfect for families and adventure enthusiasts alike. Those seeking relaxation after a day of play in the mountains can unwind in the hotel’s dry sauna.

To make your stay more comfortable, the hotel provides complimentary breakfast every morning. Business travelers can make use of the hotel’s conference packages and business center services, while those traveling with their furry friends will appreciate the Pocaterra Inn is also one of the best pet-friendly hotels in Canmore.

With its prime location on Bow Valley Trail, the Pocaterra Inn provides easy access to nearby hiking trails and spectacular mountain views, making it not only one of the best affordable places to stay in Canmore, but indeed one of the best hotels in Canmore.

If you stay at the Pocaterra Inn, you may find it fun to hike the Pocaterra Ridge Trail!

Georgetown Inn

Situated in the heart of Canmore, the Georgetown Inn beckons you to discover its charming and affordable accommodations. Just a stone’s throw away from Banff National Park, this affordable Canmore hotel serves as the perfect base for exploring the breathtaking Canadian Rockies.

Step into the hotel’s inviting guest rooms, adorned with unique Old English decor, and equipped with modern amenities such as cable TV, a radio, a fridge, and a coffee maker. The rooms boast a cozy seating area and a fireplace, creating a warm and homely atmosphere. Upon arrival, guests are treated to a warm welcome with complimentary tea and freshly baked shortbread.

The Georgetown Inn’s classic Tudor English exterior, complete with picturesque patios and English gardens, adds to its distinct charm. The romantic rooms are especially attractive for couples visiting the mountains.

Indulge in the culinary delights at the on-site pub, which serves delectable breakfast and dinner options. From stuffed French toast to their award-winning fish and chips, the pub’s menu offers a variety of specialties to satisfy your taste buds. Unwind by the cozy wood-burning fireplace while enjoying appetizers, creating unforgettable memories at one of Canmore’s most sought-after and affordable hotels.

Best Cheap Hotels in Banff Town (From a Local)I hope this helped you find the best affordable hotel in Canmore for your trip! If you didn’t quite find what you were looking for, take a moment to look at the best cheap hotels in Banff.