I recently shared three Budget-Friendly Easy Vegan Instant Pot recipes over on Youtube, and one of them is for Vegan Instant Pot Peanut Butter Banana Oatmeal. It couldn’t be easier and is a great way to get breakfast on the table with minimal work.
This vegan Instant Pot oatmeal recipe is not only budget-friendly but also incredibly easy to make. All you need to do is toss four ingredients (plus water and salt) into the Instant Pot. Set the Instant Pot to the pressure cook setting, and you’ll come back to creamy, delicious oatmeal.
Watch! How to make this oatmeal
I always use steel-cut oats for the Instant Pot because they get nice and creamy but retain a chewy bite (rolled oats get mushy in the Instant Pot; and definitely steer clear of quick cooking oats). Like most of my dried goods, I buy my oats in bulk to save money.
The only thing to remember is you need to grease the inner pot a bit with some oil or cooking spray when cooking oats in the Instant Pot. Otherwise, oats have a tendency to stick to the bottom of the pot and trigger that burn function.
In addition to being budget-friendly and easy to make, this oatmeal is also really wholesome! It has slow-digesting fiber from oats, healthy fats to keep you satiated from the peanut butter and light coconut milk, and is completely free of added sugars. The only source of sugar comes from the bananas.
This Vegan Instant Pot Peanut Butter Banana Oatmeal is also a great option for meal prep because the leftovers will stay good in the fridge for several days!

And if you want more than 90 incredible vegan Instant Pot recipes, be sure to check out my cookbook, The Vegan Instant Pot Cookbook!
More Breakfast Recipes to Try!
- Love oats but cookies even more? Try these Chewy Chai Spiced Oatmeal Cookies. Healthy enough for breakfast!
- Want to ditch your Starbucks habit? Then try this utterly irresistible Sweet and Spicy Almond Butter Latte!
- Love sweet potatoes? Pick from one of these five loaded Breakfast Sweet Potatoes!

Big Vegan Flavor
Techniques and 150 recipes to master vegan cooking.

Introducing
Big Vegan Flavor
Techniques and 150 recipes to master vegan cooking.
Vegan Instant Pot Peanut Butter Banana Oatmeal

Ingredients
- 1 cup steel-cut oats (certified gluten-free if needed)
- 1 (13.5 ounce) can “lite” coconut milk, or equivalent amount of oat milk, cashew milk, or soy milk
- 1 1/4 cups water
- Pinch of sea salt
- ½ teaspoon ground cinnamon
- 2 medium ripe bananas, mashed
- 3 tablespoons natural, no-sugar-added peanut butter
Instructions
- Coat the inner pot of the Instant Pot with cooking spray or oil to prevent the oats from sticking to the bottom. Then add the oats, coconut milk, water, salt, and cinnamon to the Instant Pot and stir well. Scoop the mashed bananas on top of the oat mixture, but don’t stir in.
- Secure the lid and set the Pressure Release to Sealing. Select the Pressure Cook setting at high pressure and set the cook time to 12 minutes.
- Once the 12-minute timer has completed and beeps, allow a natural pressure release for 20 minutes and then switch the Pressure Release knob from Sealing to Venting to release any remaining steam.
- Open the pot and stir the oatmeal thoroughly. There may be some liquid or foam on top, but once you stir it, the liquid will incorporate into the oatmeal and thicken up.
- Stir in the peanut butter and serve warm. Once cool, store leftovers in an airtight container in the fridge for up to 5 days.
Video
Nutrition
Nutrition information is automatically calculated, so should only be used as an approximation.
















We doubled the recipe, made this with oat milk instead of coconut milk, and added in two apples cut into large cubes for some extra cold-weather flavor. We liked it so much that this has been on repeat as breakfast for the last few weeks, with some thick vegan yogurt on top for extra protein. So convenient and yummy!
Awesome, Florence. Thanks for your comment and for taking the time to review!
I was looking for a new oatmeal recipe for my steel cut oats. RPL was the first place I looked. I had a partial can of Coconut Milk from my First RPL Meal plan. I added a little more water to give me the correct amount of liquid. It was delish and breakfast is made for another. 3 days.
Your positive feedback is the best reward for our hard work. Thank you, Tara!
I was having a lot of trouble getting this recipe to work without a burn notice, however it works really well with the pot in pot method. Place 1 c water in the bottom of the pot, use a trivet, and place the ingredients in a Pyrex or oven safe bowl on top of the trivet. Cook as per the directions. Comes out great, no cooking spray, no sticking, no burn notice!
Thanks for sharing, Barbara!
That’s great, thank you!