9 Best Budget Hotels to Stay in Chicago

King Room of Hotel Felix | things to do in chicago
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Looking for best budget hotels in Chicago? Want to enjoy your stay in a nice hotel and also save money?

Whether you’re interested in attractions in the city, cultural venues, or award-winning restaurants, you want to spend your money on having fun, not on a place where you plan to spend most of your time sleeping.

Many hotels offer all kinds of services, such as privacy, gyms, beautiful views of Chicago, and world-class cocktail bars, at affordable rates.

Below are the best, most affordable hotels in Chicago:

1. Inn of Chicago

Inn of Chicago is among the budget hotels in Chicago. Located in the heart of downtown Chicago, this magnificent hotel offers affordable rates and lovely amenities.

Bedroom at Inn of Chicago

Bedroom at Inn of Chicago | Photo by Inn of Chicago

Inn of Chicago offers easy access to Chicago’s most popular attractions, which include Millennium Park, Navy Pier, and Magnificent Mile, among others.

The historic hotel features plenty of amenities, including superior bath amenities, Wi-Fi access, flat-screen TV, classic furnishings, and top-quality bedding. You’ll find American cuisines from the kitchen, and many eateries are within walking distance.

The well-trained, experienced staff are very friendly and offer round-the-clock clock housekeeping and front desk services.

Inn of Chicago
162 E Ohio St, Chicago, IL 60611, United States
Avg. $45+ per night | See rates for Inn of Chicago

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2. The River Hotel

The River Hotel offers spacious accommodations for all at affordable rates. Located in downtown Chicago, The River walk, Chicago Theatre, and Tribune Tower are only a five-minute walk away, and Millennium Park and other famous restaurants and bars are just a ten-minute walk.

One Room Suite with Kitchenette

One Room Suite with Kitchenette | Photo by The River Hotel

The River Hotel has well-furnished rooms decorated using different designs, and each room is equipped with free Wi-Fi, smart televisions, private bathrooms, mobile room locks, and complimentary coffee and tea.

Apart from the accommodations, this hotel also offers an excellent culinary experience with its on-site restaurant. Enjoy a relaxing drink on the sizable outdoor patio as the breeze calms you after an extensive day of sightseeing.

The River Hotel
75 E Wacker Dr, Chicago, IL 60601, United States
Avg. $73+ per night | See rates for The River Hotel

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3. Ambassador Chicago

The Ambassador Chicago Hotel is best known as a romantic getaway, and romantics can have beautiful moments at an affordable rate at The Ambassador.

Superior King Room of Ambassador Chicago

Superior King Room of Ambassador Chicago | Photo by Ambassador Chicago

The hotel has two on-site restaurants, The Library Bar and the Ambassador Chicago Restaurant, which offer excellent cuisine, and the view of Lake Michigan adds an ambiance to the sumptuous food.

The guestrooms here are very spacious and have custom lighting, sizable working areas, in-room safe, count linens, 42-inch flat screen HD televisions, and custom Corian sinks.

You’ll also have access to their 24-hour fitness center for a couple’s workout, if that’s one of your favorite things to do with your special someone.

Ambassador Chicago
1301 N State Pkwy, Chicago, IL 60610, United States
Avg. $133+ per night | See rates for Ambassador Chicago

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4. Hotel Felix

For nightlife lovers looking for the best and budget hotels while in Chicago should consider Hotel Felix.

King Room of Hotel Felix

King Room of Hotel Felix | Photo by Hotel Felix

This fantastic hotel is located in River North, where many bars, shops, restaurants, and galleries are located.

It has a total of 228 beautifully unique guestrooms that are clean and equipped with LCD satellite television, room service, free Wi-Fi access, telephone, minibar, and ultra-soft pillow top beds.

Additionally, the hotel offers free bottled water, free local phone calls, a fitness center, and a bar and lounge area.

Hotel Felix
111 W Huron St, Chicago, IL 60654, United States
Avg. $80+ per night | See rates for Hotel Felix

5. Holiday Inn Chicago Downtown

The Holiday Inn, Chicago Downtown is among the most popular hotels and destinations in Chicago for families on vacation.

Queen Room with Two Queen Beds

Queen Room with Two Queen Beds | Photo by Holiday Inn Chicago Downtown

This hotel has a wide range of family-friendly amenities, accommodation facilities, and fun activities for you and your little ones.

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Its prime location has easy access to Millennium Park, CTA Clinton Blue Line, and Red Line, where you can enjoy watching Cubs games and visiting the Shedd Aquarium.

Some of the hotel’s amenities include free Wi-Fi access throughout the hotel, a game room, a round-the-clock fitness center, a seasonal rooftop pool, and kiddo-friendly movies.

The rooms are fully equipped with basic amenities such as 32-inch HDTV, mini-fridge, Keurig coffee maker, iron and ironing board, and a microwave oven for making easy meals any time you want.

Holiday Inn Chicago Downtown
506 W Harrison St, Chicago, IL 60607, United States
Avg. $125+ per night | See rates for Holiday Inn Chicago Downtown

6. Warwick Allerton Chicago

The Warwick Allerton Chicago is among the most luxurious and affordable hotels in Chicago, perfect for a vacationing couple.

Executive king bed and flowers standard

Executive king bed and flowers standard | Photo by Warwick Allerton Chicago

It’s located at the heart of the city and provides easy access to Water Tower Place, several designer stores, dining and nightlife places, among other attractions.

Built in the 1920’s, this landmark has incorporated many modern amenities that people want today while maintaining the fabulous of the era in which it was built.

The hotel features more personalized and efficient services, well-aerated rooms with modern outfit and decorations, including luxurious bedding, marble bathrooms, flat-screen televisions, sobella terry towels, and many more.

Warwick Allerton Chicago
701 Michigan Ave, Chicago, IL 60611, United States
Avg. $85+ per night | See rates for Warwick Allerton Chicago

7. Hosteling International Chicago

This hotel offers both private and communal accommodations and is the second largest and best hotel in the United States.

Front desk of Hostelling International Chicago

Front desk of Hosteling International Chicago | Photo by Hosteling International Chicago

Hosteling International Chicago has relatively low prices on accommodations and food and is strategically located in the historic downtown building where Millennium Park, The Art Institute, Field Museum are among other cultural attractions, all just a short walk away.

The hotel is also near popular eateries, shops, and bars. No Chicago hotel offers cheap and convenient like Hosteling International Chicago.

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Hosteling International Chicago
24 East Ida B. Wells Drive, Chicago, IL 60605, United States
Avg. $74+ per night | See rates for Hosteling International Chicago

8. The Majestic Hotel

This historic hotel provides inexpensive, personalized services to all its visitors.

Broughton Chicago Magestic Suite sun room window

Bed room at The Majestic Hotel  | Photo by The Majestic Hotel

The Majestic Hotel features unique touches such as cozy fireplaces and homey decor, among other amenities meant to enhance the visual experience of its patrons.

Located along the East Lake view, The Majestic is close to popular attractions. The rooms include amenities such as free Wi-Fi access, microwaves, plush bathrobes, deluxe linens, mini-fridges, workout equipment, and mini-bars.

The Majestic Hotel
528 W Brompton Ave, Chicago, IL 60657, United States
Avg. $91+ per night | See rates for The Majestic Hotel

9. Hotel Chicago Downtown, Autograph Collection

Hotel Chicago Downtown, Autograph Collection is the best for business travelers and is located in the heart of River North.

Two bed rooms at Hotel Chicago Downtown, Autograph Collection

Two bed rooms at Hotel Chicago Downtown, Autograph Collection | Photo by Hotel Chicago Downtown, Autograph Collection

Their affordable accommodations include rooms with modern, clean finishes, pillow top mattresses, comfy linens, tea and coffee maker service, hairdryer, in-room safe, iron and ironing board, and plush robe.

Apart from these, the hotel offers rooms of various sizes with free Wi-Fi access and a sleek fitness center. A 24-hour business center nearby offers print, fax, on-site copy, and messenger services.

Hotel Chicago Downtown, Autograph Collection
333 N Dearborn St, Chicago, IL 60654, United States
Avg. $201+ per night | See rates for Hotel Chicago Downtown, Autograph Collection


If you’re on a budget, the nine hotels listed here are terrific options.

Whether you’re going to Chicago for a vacation, business, adventure, or any other purpose, consider these budget-friendly hotels.

You’ll save a lot of money, especially if you stay for long.

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