- The list below includes 11 free or cheap things to do in or near Lake Louise, Alberta, including 12 different types of inexpensive activities like Lake, Hiking Trails, Rafting and Dog Sleds.
 - From Great Divide Day Hikes to Peyto Lake, there are a variety of budget-friendly attractions in Lake Louise and in nearby cities within 25 miles like Banff National Park.
 
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            Great Divide Day Hikes offers guests the opportunity to go on guided group walking and hiking trips. The location, which offers access to over 200 km of trails, offers views of waterfalls, wildflowers, and glaciers.        
    
    
        24.7 Miles 
    
    
        
        
            Wedged into Banff National Park in the Canadian Rockies, Peyto Lake is a vibrantly turquoise, glacier-fed lake. After walking five minutes from the parking lot,  visitors will see the mountains and trees clearly reflected in the lake. For even better views, visitors are encouraged to hike into the park.         
    
    
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                Moraine Lake Rd. off Great Divide Hwy., Lake Louise, Alberta 
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            Smaller than Lake Louise, Moraine Lake has a fame all its own: in 1969 and 1979, the view of the mountains behind Moraine Lake was selected for the reverse side of the Canadian twenty dollar bill. The lake's exquisite teal green color is caused by rock flour from passing glaciers.         
    
    
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            The Bow Glacier Falls Trail is an hour and fifteen minute trail that takes visitors to the glacier falls. The location offers visitors the opportunity to view a variety of wild flowers.        
    
    
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            Visitors of Herbert Lake can enjoy a variety of activities, such as canoing and kayaking. The location also features a picnic area for individuals who wish to dine while enjoying its scenic views.        
    
    
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                111 Lake Louise Drive, Lake Louise, Alberta 
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            Wild Water Adventures, Inc. offers day and multi-day rafting trips on the Kicking Horse River. The location, whose trips are suitable for children, also offers special trips for weddings, family reunions, and corporate events.        
    
    
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            At Kingsmik Dog Sled Tours, guests will have the chance to travel through Banff National Park. Visitors of this location who are interested in scenic views can also travel under the slopes of Mt. St. Piran on the Winter Wonderland Tour.        
    
    
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                111 Lake Louise Drive | Lake Louise, Banff National Park, Alberta 
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            Named for Queen Victoria's daughter, Princess Louise, Lake Louise is a regally turquoise lake, high in the Canadian Rockies. All year round, Lake Louise offers visitors wintertime skiing as well as summertime horse back riding and shopping.         
    
    
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                2546 votes
                            
			
            
                
                Moraine Lake Rd. off Great Divide Hwy., Lake Louise, Banff National Park, Alberta 
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            Smaller than Lake Louise, Moraine Lake has a fame all its own: in 1969 and 1979, the view of the mountains behind Moraine Lake was selected for the reverse side of the Canadian twenty dollar bill. The lake's exquisite teal green color is caused by rock flour from passing glaciers.         
    
    
        19.1 Miles 
    
    
        
        
            Near Banff and Lake Louise, any traveler can easily access Johnston Canyon. Its primary attraction is a series of connected waterfalls. Farther up the stream, near one of the waterfalls is a naturally formed, light brown marbled wall.