HI-Lake Louise is the only budget accommodation in the town of Lake Louise, so if you want to stay in the vicinity, this is your only choice. Fortunately, it's a great place to stay. It's built in a ski chalet style, with a beautiful common room and plenty of dorms. Private rooms are also available. Clean and private showers are plentiful, and our dorm room also had an ensuite sink and toilet, which was nice.
My dorm room was clean, with comfortable beds (there was a loft double bed there too) and a nice view of the mountains. There is plenty of free parking on-site. The staff were also friendly and helpful (although the scheduled movie night did not happen for whatever reason).
Lake Louise's only budget restaurant, Bill Peyto's Cafe, is also part of the restaurant, and is open to the general public as well. I would highly recommend having dinner before 6pm if you can, as the lineups were crazy long afterwards.
Lake Louise (the actual lake) is about 5 minutes away by car, or you can hike to it on a trail if you want. Moraine Lake is about 20 minutes away. Both are must sees.
Was only here for one night, but really had a nice stay!More