Top 10 Budget Hotels in Chicago

Looking for budget hotels in Chicago that don’t skimp on comfort or character? You’re in the right place. This vibrant city welcomes travelers with every kind of itinerary. Whether you’re a solo explorer, a couple on a getaway, or a family on vacation, there’s something here for you. We’ve rounded up ten of the best places to stay on a budget. These hotels mix affordability with unique style, and they’re found across many iconic neighborhoods. Even better, you’ll be near top attractions, public transport, and great eats. From historic charm to modern comfort, here are the cheap hotels in Chicago worth booking.

Freehand Chicago

Located in River North, Freehand Chicago is stylish, social, and surprisingly affordable. This affordable hotel Chicago sits in a 1920s Art Deco building. Expect bold interiors, bunk beds for groups, and cozy private rooms. The lounge is perfect for making new friends. Grab a cocktail at the Broken Shaker bar on site. The location is unbeatable—just a short walk to Magnificent Mile. The vibe is hip, youthful, and welcoming. It blends hostel spirit with boutique quality. If you want a fun stay without breaking the bank, Freehand has you covered.

• Rating: 3-Star
• Neighborhood: River North
• Price Range: $80 – $150 per night
• Best for: Solo travelers, couples, friend groups
• Nearby Attractions: Magnificent Mile, Navy Pier, Museum of Contemporary Art

HI Chicago Hostel

HI Chicago Hostel is perfect for anyone seeking a cheap accommodation Chicago downtown. It’s located in the Loop, near Grant Park. The hostel offers modern dorms and private rooms. There’s free breakfast, a shared kitchen, and plenty of community events. The staff organizes walking tours, food nights, and social meetups. It feels like a home away from home. It’s ideal for travelers who love exploring and connecting. The vibe is relaxed and international. Plus, it’s close to transit and museums. For a social and affordable stay, this hostel is a gem.

• Rating: 2-Star
• Neighborhood: The Loop
• Price Range: $45 – $110 per night
• Best for: Solo travelers, backpackers, students
• Nearby Attractions: Grant Park, Art Institute of Chicago, Buckingham Fountain

The Willows Hotel

Tucked in Lakeview East, The Willows Hotel offers cozy comfort and vintage charm. This discount hotel Chicago feels more like a quaint inn. You get complimentary breakfast, tea, and coffee all day. The rooms have unique decor, plush bedding, and great service. You’re also close to Lincoln Park and Lake Michigan. The surrounding neighborhood is quiet, safe, and full of character. It’s an excellent base for peaceful evenings and energetic mornings. With easy access to public transit, the whole city is within reach.

• Rating: 3-Star
• Neighborhood: Lakeview East
• Price Range: $90 – $160 per night
• Best for: Couples, solo travelers, quiet stays
• Nearby Attractions: Lincoln Park Zoo, Belmont Harbor, Diversey Driving Range

Ohio House Motel

Ohio House Motel blends retro charm with unbeatable location. Found in River North, this budget hotel in Chicago offers free parking, a rare perk. The rooms are clean, colorful, and spacious. It’s been family-owned for decades. You can walk to restaurants, bars, and shops nearby. Public transit is steps away. The motel offers free Wi-Fi, flat-screen TVs, and daily housekeeping. With its old-school feel and modern touches, it’s perfect for road trippers and city explorers alike. It’s also a great choice for travelers with cars.

• Rating: 2-Star
• Neighborhood: River North
• Price Range: $100 – $170 per night
• Best for: Road trippers, business travelers, couples
• Nearby Attractions: Merchandise Mart, Chicago Riverwalk, House of Blues

Carlton Inn Midway

Close to Midway Airport, Carlton Inn is a favorite for budget-conscious flyers. This cheap hotel near downtown Chicago offers free shuttle service. Rooms are simple but comfortable, with microwaves and fridges. There’s a fitness center and business area. Free breakfast and parking sweeten the deal. It’s not fancy, but it’s reliable. Guests praise the service and convenience. It’s a great place to rest before or after a flight. Plus, the Orange Line train is nearby for easy access to downtown.

• Rating: 2-Star
• Neighborhood: Archer Heights
• Price Range: $75 – $120 per night
• Best for: Business travelers, families, flyers
• Nearby Attractions: Midway Airport, Ford City Mall, Hawthorne Race Course

Hotel Versey Days Inn by Wyndham

Hotel Versey in Lincoln Park is quirky, bold, and full of color. This affordable hotel near Millennium Park is just minutes from the zoo and the lake. Rooms are filled with local art and modern comforts. There’s free Wi-Fi, a fitness center, and bike rentals. Staff are helpful and friendly. The area is young and vibrant, filled with restaurants and nightlife. You’ll feel the city’s energy the moment you step outside. It’s one of the best values in a fun neighborhood.

• Rating: 3-Star
• Neighborhood: Lincoln Park
• Price Range: $100 – $150 per night
• Best for: Couples, solo travelers, friends
• Nearby Attractions: Lincoln Park Zoo, Chicago History Museum, Lakefront Trail

The Chicago Hotel Collection River North

Stylish and modern, this hotel gives boutique vibes at budget prices. Located in River North, it offers a rooftop deck, fitness center, and fun decor. The rooms are compact but well-designed. The hotel welcomes pets and even offers loaner bikes. If you love great design and central locations, this place hits the mark. You’re steps from nightlife, galleries, and eateries. It feels hip but still approachable. This hotel is ideal for urban adventurers and creatives seeking a deal.

• Rating: 3-Star
• Neighborhood: River North
• Price Range: $110 – $180 per night
• Best for: Creative professionals, couples, small groups
• Nearby Attractions: Magnificent Mile, Hard Rock Cafe, Blue Chicago

Dewitt Hotel and Suites

Located in the Gold Coast, Dewitt Hotel is classy without the cost. This budget hotel in Chicago offers apartment-style suites with kitchens. It’s great for long stays or families. You can walk to the beach, museums, and luxury shops. The hotel also has a fitness center and sauna. Rooms are large, comfortable, and clean. The location is peaceful but close to action. It’s ideal for travelers who want space and style. Plus, you’ll feel like a local in this elegant neighborhood.

• Rating: 3-Star
• Neighborhood: Gold Coast
• Price Range: $90 – $140 per night
• Best for: Families, long stays, cultural travelers
• Nearby Attractions: Oak Street Beach, Water Tower Place, Museum of Contemporary Art

Moxy Chicago Downtown

Moxy brings energy, art, and affordable luxury together. Located in the buzzing River North district, it’s ideal for nightlife lovers. Expect vibrant rooms, playful decor, and fast check-in. There’s a bar, game area, and even co-working spaces. It’s modern, sleek, and full of attitude. The location means you can walk to almost everything. It’s social but also chill. If you want a good time on a budget, Moxy delivers.

• Rating: 3-Star
• Neighborhood: River North
• Price Range: $120 – $180 per night
• Best for: Young travelers, creatives, digital nomads
• Nearby Attractions: Chicago Theatre, Riverwalk, Magnificent Mile

Travelodge by Wyndham Downtown Chicago

This cheap hotel near Navy Pier Chicago is all about value and location. Situated in the South Loop, it’s just blocks from Grant Park. Rooms are clean and basic but have all essentials. There’s free Wi-Fi and on-site dining. The hotel is right by transit stops. You can easily walk to museums and waterfront spots. It’s affordable without being far from the action. A perfect pick for short stays or quick city breaks.

• Rating: 2-Star
• Neighborhood: South Loop
• Price Range: $80 – $140 per night
• Best for: Budget travelers, students, couples
• Nearby Attractions: Field Museum, Soldier Field, Shedd Aquarium

Conclusion

Whether you’re chasing the skyline or savoring deep-dish pizza, the right place to stay matters. These budget hotels in Chicago mix comfort, convenience, and great value. With vibrant neighborhoods like River North and Lincoln Park, you won’t miss a thing. Stay close to major landmarks like Navy Pier and Millennium Park. Explore the city without emptying your wallet. These cheap hotels in Chicago prove that style and savings can go hand in hand. So book your stay, pack your bags, and dive into a city full of heart and history. Find your perfect fit among these ten gems and make memories that last forever.