Cheap Hotel in Chicago

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When planning a visit to the vibrant city of Chicago, finding an affordable place to stay is essential for budget-conscious travelers. The city is known for its stunning architecture, rich history, and a diverse culinary scene, making it a popular destination for tourists from around the globe. Thankfully, securing a cheap hotel in Chicago doesn't mean compromising on quality or comfort; it simply requires a little research and insider knowledge.

Chicago boasts a variety of neighborhoods, each with unique charm and attractions, providing plenty of options for those seeking budget-friendly accommodations. From the bustling Loop, where you can immerse yourself in the very heart of the city, to charming areas like Lincoln Park, there's a cheap hotel in Chicago that caters to every taste and preference. Moreover, many hotels offer special deals and packages, particularly during the off-peak season, making it easier to find great rates while enjoying all that the city has to offer.

In addition to traditional hotels, travelers can explore alternative lodging options such as hostels and budget-friendly bed-and-breakfasts, which can provide an equally memorable experience. Choosing a cheap hotel in Chicago not only allows you to save on accommodation costs but also gives you more freedom to enjoy excursions, dining, and entertainment. Whether you're visiting iconic attractions like Millennium Park or looking to experience Chicago's vibrant nightlife, finding the right place to stay can significantly enhance your trip.

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Our Top 10

(Sorted by rating & number of reviews)

1. The Drake Hotel
2. Fairfield Inn And Suites Chicago Downtown-River North
3. Homewood Suites By Hilton Chicago Downtown
4. Chicago Athletic Association, Part Of Hyatt Hotel
5. Best Western Grant Park Hotel
6. Moxy Chicago Downtown Hotel
7. The Palmer House Hilton Hotel
8. Extended Stay America Suites - Chicago - Midway
9. The Robey, Chicago, A Member Of Design Hotels
10. Hotel Felix

Cheap Hotel in Chicago

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Chicago
Oct 25, 2025 - Oct 26, 2025

The Drake Hotel

8.2

Good

(613 Reviews)

+ 227 photos
The Drake Hotel is another historic gem that offers guests a taste of Chicago’s opulence at reasonable rates, making it a fabulous choice for anyone searching for a cheap hotel in Chicago. Established in 1920, this hotel features timeless elegance, from its lavish lobby to well-appointed rooms equipped with modern amenities. Located along the famous Magnificent Mile, it allows guests easy access to upscale shopping and cultural landmarks. The hotel boasts an array of dining options, including the legendary English Room, perfect for those looking to indulge. Their commitment to service and attention to detail create lasting memories for visitors. With its prestigious history and charming atmosphere, The Drake Hotel is a standout option for travelers.
Address: 140 East Walton Place
Rating: Good 8.2 (613 Reviews)
Rooms: 535
Price: From 187$

Fairfield Inn And Suites Chicago Downtown-River North

8.4

Good

(1108 Reviews)

+ 41 photos
The Fairfield Inn & Suites Chicago Downtown is an excellent choice for those looking to score a cheap hotel in Chicago while still enjoying a few modern conveniences. Nestled in the very heart of the city, the hotel provides easy access to attractions like Navy Pier and the Art Institute of Chicago. Guests will appreciate the spacious rooms and suites featuring luxurious bedding, mini-fridges, and microwaves. The hotel also boasts an indoor pool and a fitness center, allowing travelers to relax after a day of exploration. A complimentary breakfast buffet is served daily, ensuring you start your day off right without extra costs. With its prime location and affordable rates, the Fairfield Inn & Suites is a smart choice for visitors hoping to experience Chicago on a budget.
Address: 60 West Illinois Street
Rating: Good 8.4 (1108 Reviews)
Rooms: 180
Price: From 125$

Unique Boutique Hotels

If you’re looking for character and charm while still adhering to a budget, several unique boutique hotels in Chicago fit the bill when searching for a cheap hotel in Chicago. These hotels often reflect the city’s rich history and culture and provide a more personalized experience compared to larger chains. Guests can enjoy unique decor, local artwork, and thoughtful amenities that enhance the overall stay. Many boutique hotels are also situated in trendy neighborhoods, allowing easy access to local attractions and dining options. The charm of these accommodations comes not only from their aesthetic appeal but also from the warmth and hospitality of the staff. Here are some top boutique hotels in Chicago worth considering.

Homewood Suites By Hilton Chicago Downtown

8.2

Good

(3317 Reviews)

+ 132 photos
Homewood Suites by Hilton Chicago Downtown provides an excellent option for families and travelers in search of a cheap hotel in Chicago with extended stay amenities. Located strategically in the center of the city, this hotel offers spacious suites equipped with fully equipped kitchens and comfortable living areas, making longer stays more pleasant. Guests are treated to complimentary hot breakfast and evening social events several nights each week, fostering a community atmosphere. The rooftop terrace and indoor pool enhance the appeal for families seeking recreational spaces. With easy access to the Loop and other major attractions, guests can explore the city without hassle. Homewood Suites combines affordability with the comforts of home, making it a top contender for extended stays.
Address: 40 East Grand Avenue
Rating: Good 8.2 (3317 Reviews)
Rooms: 233
Price: From 165$

Chicago Athletic Association, Part Of Hyatt Hotel

8.6

Good

(295 Reviews)

+ 243 photos
The Chicago Athletic Association Hotel is a boutique hotel rich in history, once serving as a private club for men in the late 19th century. As a cheap hotel in Chicago, it offers refreshingly affordable rooms without sacrificing character or style. Located right across from Millennium Park, it provides easy access to the city's key attractions while immersing guests in the local culture. The hotel’s vintage aesthetic is enhanced by its diverse dining options and lively social spaces, including a rooftop bar with stunning views of the skyline. With amenities such as a fitness center and event spaces, it caters to various traveler types. Staying at this hotel ensures a blend of history and modern hospitality in the very heart of Chicago.
Address: 12 South Michigan Avenue
Rating: Good 8.6 (295 Reviews)
Rooms: 241
Price: From 170$

Value Hotels Near Major Attractions

When vacationing in a bustling city like Chicago, staying close to major attractions can enhance your experience, especially when seeking a cheap hotel in Chicago. Hotels located near tourist hotspots not only save you time but also allow for a more enjoyable visit without the added stress of commuting long distances. Many of these accommodations prioritize affordability while offering convenient access to the city's iconic landmarks. Whether you want to explore the Art Institute, Navy Pier, or the Field Museum, these budget options are perfectly situated. Here are a few recommended value hotels near the main attractions that remain affordable without sacrificing comfort.

Best Western Grant Park Hotel

7.7

Good

(1158 Reviews)

+ 189 photos
Best Western Grant Park Hotel is an ideal choice for those looking for a cheap hotel in Chicago situated near downtown attractions. Located just a short walk from Grant Park and the Art Institute of Chicago, this hotel allows easy access to some of the city's most beloved destinations. Guests can enjoy modern accommodations with amenities like free Wi-Fi, a fitness center, and an on-site restaurant. The hotel’s location makes it convenient for families and tourists, reducing transportation costs while providing a home base to explore the city. With its emphasis on comfort and value, Best Western Grant Park ensures a pleasant stay for all its visitors. This hotel exemplifies how budget-friendly can also mean strategically located.
Address: 1100 S Michigan Avenue
Rating: Good 7.7 (1158 Reviews)
Rooms: 172
Price: From 86$

Moxy Chicago Downtown Hotel

9.0

Good

(534 Reviews)

+ 49 photos
The Moxy Chicago Downtown is a vibrant and trendy boutique hotel that caters to young travelers looking for budget accommodations while enjoying a lively atmosphere. This hotel showcases chic and playful decor with a youthful spirit that resonated well with its guests. The Moxy also provides a 24-hour bar, inviting guests to socialize and connect over drinks after a day of exploration. Rooms are compact yet stylish, featuring contemporary furnishings, smart TVs, and comfortable bedding, making it a great option for a cheap hotel in Chicago. Located near the Theater District, visitors can easily access various entertainment options and attractions. With its exceptional ambiance and affordability, Moxy serves as a fantastic hub for a fun-filled stay in the city.
Address: 530 North Lasalle Drive
Rating: Good 9.0 (534 Reviews)
Rooms: 156
Price: From 144$

Historical Hotels with Affordable Rates

Chicago is home to several historical hotels that not only reflect the city’s rich past but also provide affordable accommodations, making them excellent choices for a cheap hotel in Chicago. These hotels often intertwine modern amenities with historical charm, allowing guests to enjoy a taste of Chicago's history while staying comfortably. Many of these hotels are situated in prime locations, offering convenient access to cultural landmarks and attractions. For travelers fascinated by the stories behind the buildings they stay in, these options offer unique experiences filled with character. Below are some noteworthy historical hotels that combine affordability with charm.

The Palmer House Hilton Hotel

7.8

Good

(962 Reviews)

+ 216 photos
The Palmer House Hilton is one of Chicago's most iconic historic hotels, offering a rich blend of history and modernity as a cheap hotel in Chicago. Established in 1871, the hotel features ornate decor and luxurious amenities while maintaining reasonable rates for its guests. Located in the Loop, it puts visitors within walking distance of major attractions like Millennium Park and the Art Institute of Chicago. Guests can enjoy stunning features like the grand lobby with its breathtaking ceiling frescoes and the famous Potter's Lounge. The hotel offers complimentary Wi-Fi and a range of dining options, including the renowned Lockwood Restaurant. With its historical significance and modern comforts, The Palmer House is a unique stay for any traveler.
Address: 17 East Monroe Street
Rating: Good 7.8 (962 Reviews)
Rooms: 1641
Price: From 89$

Extended Stay America Suites - Chicago - Midway

5.5

Good

(617 Reviews)

+ 81 photos
Extended Stay America - Chicago - O'Hare is a popular choice for travelers seeking a cheap hotel in Chicago, particularly for longer stays. Each suite accommodates full kitchens and spacious areas, making it an ideal home base for families or business travelers. The hotel's convenient location near O'Hare International Airport allows easy access, along with proximity to major highways. Guests can also benefit from complimentary Wi-Fi and on-site laundry facilities, adding to the overall comfort and convenience. Daily housekeeping services make sure your space remains clean and welcoming. With its blend of affordability and practicality, this extended stay hotel is perfect for those exploring Chicago over a longer period.
Address: 7524 State Rd
Rating: Good 5.5 (617 Reviews)
Rooms: 134
Price: From 85$

Extended Stay Hotels for Budget Travelers

For longer visits to Chicago, extended stay hotels offer an ideal solution for those searching for a cheap hotel in Chicago that provides comfort and convenience. These accommodations typically feature more spacious rooms and additional amenities to make your stay feel more like home. Many extended stay hotels include kitchenettes or full kitchens, allowing guests to prepare meals and save on dining expenses. Furthermore, these hotels often provide laundry facilities and other conveniences that are particularly beneficial for longer-term guests. Here are some exceptional extended stay options that ensure budget-friendly stays without sacrificing comfort.

The Robey, Chicago, A Member Of Design Hotels

8.5

Good

(324 Reviews)

+ 100 photos
The Robey offers a stylish and affordable option for a cheap hotel in Chicago, nestled in the trendy Wicker Park neighborhood. This boutique hotel features a modern design that combines vintage elements with contemporary aesthetics, making it a unique place to stay. Guests can enjoy spacious rooms equipped with smart TVs, minibars, and amazing city views, all at reasonable rates. The hotel's rooftop lounge is a fantastic spot to unwind with a cocktail while enjoying breathtaking views of the Chicago skyline. The Robey’s location provides access to a plethora of dining, shopping, and entertainment options right outside the door. With its blend of comfort, style, and affordability, The Robey is an excellent choice for travelers seeking a unique experience in the city.
Address: 2018 W North Avenue
Rating: Good 8.5 (324 Reviews)
Rooms: 89
Price: From 144$

Hotel Felix

7.7

Good

(4127 Reviews)

+ 193 photos
Hotel Felix is another exceptional boutique option for those in search of a cheap hotel in Chicago. Located in the River North area, this eco-friendly hotel offers modern amenities and stylish decor at budget-friendly rates. Guests can enjoy spacious rooms that feature contemporary furnishings and luxurious bedding, along with wellness-focused amenities like spa services and a fitness center. The hotel also features a rooftop garden and bar for those looking to relax with a view. Its location places guests near major attractions like the Magnificent Mile and Navy Pier, providing convenience combined with affordability. At Hotel Felix, guests can experience sustainable luxury without overspending.
Address: 111 West Huron Street
Rating: Good 7.7 (4127 Reviews)
Rooms: 228
Price: From 79$