The area around the lake has several walking/hiking trails which are, from time to time, restricted. The trail most commonly taken by tourists is The Rockpile Trail, which is along the actual moraine. The trail is approximately long, with an elevation change of . The view of the lake from the top of the rockpile is one of the most photographed locations in all of Canada. That view of the mountains behind the lake in Valley of the Ten Peaks is known as the Twenty Dollar View, as Moraine Lake was featured on the reverse side of the 1969 and 1979 issues of the Canadian twenty dollar bill. The area is plagued by traffic jams and parking chaos due to out-of-control tourism.