Find Cheap Hotels in Downtown Chicago, IL

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Our top choices for Downtown Chicago cheap hotels

The Godfrey Hotel Chicago

The Godfrey Hotel Chicago
4.5 star property
Downtown Chicago
8.6 out of 10, Excellent, (1953)
"The room was nice, the area was perfect for walking distance for food and activities. "
United States
Alexis
The price is ¥14,905
¥21,173 total
includes taxes & fees
Jan 20 - Jan 21, 2026
The Godfrey Hotel Chicago

Hilton Garden Inn Chicago Downtown/Magnificent Mile

Hilton Garden Inn Chicago Downtown/Magnificent Mile
3.0 star property
Downtown Chicago
8.6 out of 10, Excellent, (4290)
"Amazing staff and perfect location "
United States
Brandi
The price is ¥12,197
¥14,319 total
includes taxes & fees
Jan 5 - Jan 6, 2026
Hilton Garden Inn Chicago Downtown/Magnificent Mile

Freehand Chicago

Freehand Chicago
4.0 star property
Downtown Chicago
8.0 out of 10, Very Good, (2666)
"It's an excellent place."
United States
Jose
The price is ¥7,602
¥11,681 total
includes taxes & fees
Jan 5 - Jan 6, 2026
Freehand Chicago

Embassy Suites by Hilton Chicago Downtown Magnificent Mile

Embassy Suites by Hilton Chicago Downtown Magnificent Mile
4.0 star property
Downtown Chicago
8.2 out of 10, Very Good, (2770)
"Excellent place to stay "
United States
Teniesha
The price is ¥11,574
¥18,181 total
includes taxes & fees
Jan 6 - Jan 7, 2026
Embassy Suites by Hilton Chicago Downtown Magnificent Mile

The Wade

The Wade
4.5 star property
Downtown Chicago
8.4 out of 10, Very Good, (1546)
"Great staff and great location. "
United States
Joe
The price is ¥14,561
¥17,093 total
includes taxes & fees
Jan 4 - Jan 5, 2026
The Wade

DoubleTree by Hilton Chicago - Magnificent Mile

DoubleTree by Hilton Chicago - Magnificent Mile
4.0 star property
Downtown Chicago
8.8 out of 10, Excellent, (2211)
"It was a beautiful stay "
United States
Donald
The price is ¥13,352
¥15,675 total
includes taxes & fees
Jan 5 - Jan 6, 2026
DoubleTree by Hilton Chicago - Magnificent Mile

Aloft Chicago Mag Mile

Aloft Chicago Mag Mile
3.0 star property
Downtown Chicago
8.6 out of 10, Excellent, (2996)
"Great place to stay"
United States
Elisha
The price is ¥13,465
¥15,808 total
includes taxes & fees
Jan 22 - Jan 23, 2026
Aloft Chicago Mag Mile

Hyatt Centric Chicago Magnificent Mile

Hyatt Centric Chicago Magnificent Mile
4.0 star property
Downtown Chicago
9.0 out of 10, Wonderful, (1063)
"Clean room, clean hotel, wonderful restaurant/bar. AMAZING location! "
United States
Rebecca
The price is ¥15,344
¥22,608 total
includes taxes & fees
Jan 5 - Jan 6, 2026
Hyatt Centric Chicago Magnificent Mile

Eurostars Magnificent Mile

Eurostars Magnificent Mile
4.0 star property
Downtown Chicago
9.0 out of 10, Wonderful, (3175)
"stunning hotel"
Canada
Yiwei
The price is ¥14,655
¥17,202 total
includes taxes & fees
Jan 28 - Jan 29, 2026
Eurostars Magnificent Mile

River Hotel

River Hotel
4.0 star property
Downtown Chicago
8.8 out of 10, Excellent, (4873)
"Clean friendly hotel "
United States
maria
The price is ¥12,776
¥14,998 total
includes taxes & fees
Jan 11 - Jan 12, 2026
River Hotel
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

Price trends for hotels in Downtown Chicago

Less expensive
More expensive
Next month
January
October
¥18,210
Month
Price
January
¥18,210
February
¥18,691
March
¥25,841
April
¥30,774
May
¥47,701
June
¥52,501
July
¥44,603
August
¥42,779
September
¥45,591
October
¥53,132
November
¥36,584
December
¥35,485
Price trend information excludes taxes and fees and is based on base rates for a nightly stay for 2 adults found in the last 7 days on our site and averaged for commonly viewed hotels in Downtown Chicago.

Find out more about Downtown Chicago

Discover cheap things to do in Downtown Chicago

In Downtown Chicago, budget-conscious travelers can explore a wealth of affordable activities and attractions without compromising on experience. Start with a stroll through Millennium Park, where you can enjoy the iconic Cloud Gate sculpture, also known as "The Bean," and often free concerts in the summer months. Just a short walk away is the Art Institute of Chicago, which offers free admission for Illinois residents on certain days, allowing families to immerse themselves in world-class art without breaking the bank. For a taste of Chicago’s rich history, visit the Chicago Cultural Center, where you can marvel at the stunning stained glass dome and enjoy free exhibitions showcasing local artists. Food lovers can indulge in the vibrant atmosphere of the Chicago Riverwalk, where affordable eateries offer everything from deep-dish pizza to fresh seafood, perfect for a budget-friendly meal with a view. After a day of exploring, unwind at one of the many cheap hotels in the area, where you can find comfortable accommodations that prioritize quality and attentive guest service, ensuring you feel pampered without the hefty price tag. The convenient location allows you to rest up between adventures, making it easy to maximize your time in this bustling city.

Find the best cheap hotels in Downtown Chicago

Travelers seeking budget-friendly accommodations in Downtown Chicago will find these top hotels offer comfort and value without compromising on quality. Each hotel provides essential amenities to ensure a pleasant stay while keeping costs in check.

Homewood Suites by Hilton Chicago Downtown South Loop

  • Why it's great for a budget-friendly vacation: Homewood Suites by Hilton Chicago Downtown South Loop caters perfectly to budget travelers, receiving an excellent review rating of 8.8. Guests can enjoy a complimentary breakfast daily and free Wi-Fi, providing excellent value for their stay. The hotel features a pool, perfect for unwinding after a busy day in the city.
  • Other amenities: In addition to its budget-friendly amenities, the hotel offers kitchenettes in rooms, allowing guests to prepare their own meals. A 24-hour fitness center ensures that guests can maintain their workout routines. With convenient valet parking and grocery store access, travelers will find everything they need for a comfortable and enjoyable stay.
  • Neighborhood: Downtown Chicago
  • Nearby attractions: Lake Michigan - 0.68 miles, State Street - 0.08 miles, Field Museum of Natural History - 0.72 miles

La Quinta Inn & Suites by Wyndham Chicago Downtown

  • Why it's great for a budget-friendly vacation: La Quinta Inn & Suites by Wyndham Chicago Downtown is a great choice for budget-conscious travelers, featuring a solid review rating of 8.6. Guests can enjoy a complimentary breakfast daily along with free Wi-Fi, ensuring a comfortable stay without breaking the bank. The hotel’s convenient location in the heart of the city makes it easy to explore nearby attractions.
  • Other amenities: Beyond the essential budget amenities, guests benefit from accessible fitness facilities and onsite shopping options. The hotel also offers self-parking for those traveling with a car, ensuring convenience. With additional features like air conditioning and premium bedding, guests can expect a restful stay.
  • Neighborhood: Downtown Chicago
  • Nearby attractions: State Street - 0.63 miles, Merchandise Mart - 0.52 miles, Willis Tower - 0.57 miles

Hilton Garden Inn Chicago Downtown/Magnificent Mile

  • Why it's great for a budget-friendly vacation: Ideal for budget-conscious travelers, the Hilton Garden Inn Chicago Downtown/Magnificent Mile offers a great experience with a solid guest review rating of 8.4. Guests can enjoy free Wi-Fi and complimentary toiletries, making it a convenient choice for those looking to save while exploring the city. The hotel also features an indoor pool, perfect for relaxing after a day of sightseeing.
  • Other amenities: In addition to its budget-friendly amenities, guests can appreciate the kitchenette in rooms for added convenience, along with a daily housekeeping service. Fitness enthusiasts will find an accessible fitness center, while onsite shopping options add a touch of convenience. For those traveling by car, nearby parking facilities are available, ensuring easy access to the city's attractions.
  • Neighborhood: Downtown Chicago
  • Nearby attractions: Michigan Avenue - 0.35 miles, State Street - 0.01 miles

Top Downtown Chicago Hotel Reviews

Frequently asked questions

What is Downtown Chicago like for travelers on a budget?
Downtown Chicago has cheap accommodation options and a variety of places to visit, making it a great getaway spot for budget travelers. In addition to its well-known attractions like Michigan Avenue and Navy Pier, this destination is home to Millennium Park and Lake Michigan, which you can enjoy while spending very little.
What's the best budget-friendly accommodation in Downtown Chicago?
Based on reviews, Hilton Chicago/Magnificent Mile Suites is a popular hotel for our travelers in search of a less expensive place to stay and offers free WiFi. Other choices to stay on the cheap include Eurostars Magnificent Mile and Warwick Allerton - Chicago.
How many inexpensive hotels should I expect to find in Downtown Chicago?
Choose a hotel that suits your wallet among Expedia's 31 budget hotels in Downtown Chicago.
What is there to see and do in Downtown Chicago?
Downtown Chicago attracts visitors with its top museums and theater scene, and offers plenty to see and do without spending a fortune. You can budget for the popular local attractions that are highest on your list, such as Michigan Avenue and Wrigley Field, and choose other low-cost activities to fill your itinerary. Hunt for bargains with some shopping at Navy Pier and State Street, or get outdoors at Millennium Park.
How can I get to Downtown Chicago and get around on a budget?
Scoping out the transportation options in Downtown Chicago can help keep you on budget. The most convenient airport is Chicago Midway Airport (MDW), 8.9 mi (14.3 km) away. However, if that doesn't suit your budget, the next closest is 15.5 mi (24.9 km) away: Chicago O'Hare Intl. Airport (ORD). Walk to nearby metro stations like State Station, Clark-Lake Station, and Lake Station.

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