The lochs, river, and glens around Balquhidder are steeped in history and closely association with the MacGregors, especially the famous outlaw Rob Roy MacGregor. The village attracts many visitors from around the world who come to see the final resting place of Rob Roy, in Balquhidder Kirkyard alongside his wife and two sons.
Balquhidder is also a popular place for walking with many scenic routes, such as the Rob Roy walking trail, Kirkton Pass, and Balquhidder Glen. There are also a number of paths that lead out into the surrounding mountains including Stob Binnein 3,822 ft (1165 m) and Ben More 3,851 ft (1174 m).
In the village there are the remains of a number of pre-historic sites including a stone circle, the Pudreag Stone, and a Neolithic burial chamber cairn to the east.
There is near-by accommodation available and ameneties such as shops can be found south in the town of Callander, or north in the village of Lochearnhead.