Top 10 Affordable Hotels in Chicago
Exploring the Windy City doesn’t have to cost a fortune. Whether you’re visiting for a weekend escape, a business trip, or a family getaway, Chicago offers a wide range of affordable hotels that blend comfort, charm, and location. From downtown hotspots to peaceful neighborhood gems, these budget-friendly stays let you experience the best of the city without breaking the bank. You’ll find hotels close to famous sites, excellent restaurants, and vibrant neighborhoods. With these great picks, you can enjoy cheap hotels without sacrificing style, convenience, or safety.
Freehand Chicago
Located in the River North area, Freehand Chicago offers hip, artsy vibes and a cozy atmosphere. The hotel sits close to downtown, making it ideal for those who want to explore on foot. Guests love its boho-chic design and friendly community lounge. There’s also a lively cocktail bar, award-winning Broken Shaker, on site. The rooms are compact but stylish, perfect for travelers who want charm on a budget. Freehand offers both private and shared rooms, which keeps it flexible and cheap for solo travelers or groups. The location ensures easy access to affordable hotels and the city’s attractions.
- Rating: 3-Star
- Neighborhood: River North
- Price Range: $90-$150
- Best for: Solo travelers, backpackers, young couples
- Nearby Attractions: Magnificent Mile, Navy Pier, Millennium Park
Hotel Versey Days Inn by Wyndham
Hotel Versey sits in Lincoln Park, one of Chicago’s trendiest neighborhoods. This boutique stay features vibrant décor, bold murals, and modern furnishings. It’s a creative, lively spot with quick access to parks, cafes, and theaters. Rooms are spacious, bright, and well-equipped. The hotel blends classic comfort with artistic flair. Though it’s away from downtown’s bustle, public transport is steps away. You can head anywhere quickly. This spot balances quality, style, and price. It’s a great example of how cheap hotels in Chicago still offer a top-tier experience.
- Rating: 3-Star
- Neighborhood: Lincoln Park
- Price Range: $100-$160
- Best for: Families, solo travelers, city explorers
- Nearby Attractions: Lincoln Park Zoo, Lakefront Trail, Wrigley Field
Ohio House Motel
Smack in the middle of the River North district, Ohio House Motel gives travelers easy access to downtown without the downtown prices. This retro-style motel boasts free parking, which is rare and valuable in Chicago. The rooms are clean, simple, and include modern upgrades. Although it’s a 2-star stay, the hospitality and location give it premium appeal. You’ll find yourself steps from major attractions, and the comfort level exceeds expectations. For those who need a budget-friendly home base, this is a reliable choice among cheap hotels in the city.
- Rating: 2-Star
- Neighborhood: River North
- Price Range: $95-$140
- Best for: Road trippers, couples, business travelers
- Nearby Attractions: House of Blues, Chicago Riverwalk, Merchandise Mart
The Willows Hotel
Set in Lakeview East, The Willows Hotel is a quaint, European-style property with a peaceful vibe. It’s just steps away from Lake Michigan and charming tree-lined streets. Guests love the vintage ambiance, including floral wallpaper and antique touches. Despite its historic look, the amenities are updated, offering free breakfast, strong Wi-Fi, and cozy lounges. This affordable hotel gives you a more local feel, away from the crowded tourist zones. It’s a perfect place to relax after a day of urban adventures.
- Rating: 3-Star
- Neighborhood: Lakeview East
- Price Range: $110-$160
- Best for: Couples, solo adventurers, peaceful stays
- Nearby Attractions: Belmont Harbor, Diversey Driving Range, Lincoln Park Conservatory
Carlton Inn Midway
Located near Midway Airport, Carlton Inn is a smart pick for those flying in and out quickly. But it’s more than just convenience. Rooms are spacious, spotless, and surprisingly stylish. Guests enjoy free parking, breakfast, and shuttle services. Though it’s far from downtown, the Orange Line train nearby makes it easy to reach the city core. For travelers needing a quiet night near transit, this spot delivers value and comfort. Among cheap hotels in the area, Carlton Inn stands out for service and practicality.
- Rating: 2-Star
- Neighborhood: Garfield Ridge
- Price Range: $80-$130
- Best for: Business travelers, airport layovers, families on a budget
- Nearby Attractions: Midway Airport, Hawthorne Race Course, Marquette Park
Chicago Getaway Hostel
For budget travelers who want style and social vibes, Chicago Getaway Hostel is a top pick. Located in Lincoln Park, it offers a clean, modern space with shared and private room options. Amenities include a full kitchen, bike rentals, and large common areas. There’s a youthful, energetic buzz here. Guests often gather for game nights, bar crawls, and other events. This affordable hotel alternative suits backpackers and anyone seeking friendly faces. It’s not just a stay; it’s a community.
- Rating: 2-Star
- Neighborhood: Lincoln Park
- Price Range: $40-$110
- Best for: Solo travelers, students, long-term stays
- Nearby Attractions: DePaul University, Oz Park, North Avenue Beach
The Chicago Hotel Collection River North
This hotel merges modern luxury with a budget-conscious price tag. Located in trendy River North, it places you at the heart of dining and nightlife. The hotel features sleek rooms with bold art and upscale touches. There’s also a fitness center, co-working space, and outdoor terrace. It’s ideal for travelers who want more than the basics without spending too much. This stay proves that cheap hotels can still deliver elegance, comfort, and a memorable Chicago experience.
- Rating: 4-Star
- Neighborhood: River North
- Price Range: $120-$190
- Best for: Business trips, couples, weekend getaways
- Nearby Attractions: Art galleries, bars, Magnificent Mile
Found Hotel Chicago River North
Found Hotel offers boutique flair with a minimalist budget. This spot is for travelers who want stylish digs without the hefty cost. Located near downtown, it blends history with modern design. Think exposed brick walls and custom furniture. It offers both private and shared rooms. You’ll find coworking spaces, laundry, and fast internet. Everything is crafted to make your stay smooth and social. Among affordable hotels, this one nails the balance of beauty and value.
- Rating: 3-Star
- Neighborhood: River North
- Price Range: $85-$145
- Best for: Digital nomads, young professionals, creatives
- Nearby Attractions: Chicago Theatre, Riverwalk, State Street shops
Moxy Chicago Downtown
Moxy brings a youthful energy to the downtown hotel scene. Located in the lively River North area, it’s all about fun and flair. The lobby features games, music, and a 24/7 bar. Rooms are compact but smartly designed. Guests enjoy free Wi-Fi, plush bedding, and bold decor. It’s a perfect stay for travelers who value location and atmosphere. This modern gem shows how affordable hotels can offer excitement and style with every stay.
- Rating: 3-Star
- Neighborhood: River North
- Price Range: $120-$170
- Best for: Young travelers, couples, party lovers
- Nearby Attractions: Museum of Contemporary Art, Eataly, Redhead Piano Bar
Hampton Inn Chicago Downtown West Loop
Tucked in the West Loop, Hampton Inn delivers a polished stay at a solid price. This spot features spacious rooms, city views, and a rooftop terrace. You get daily breakfast, a fitness center, and strong service. The neighborhood offers cutting-edge dining and a quiet atmosphere. It’s an ideal choice for those who want upscale comfort without the luxury price tag. For travelers hunting cheap hotels that feel far from basic, this one excels.
- Rating: 3-Star
- Neighborhood: West Loop
- Price Range: $130-$180
- Best for: Business travelers, foodies, couples
- Nearby Attractions: Greektown, Fulton Market, Union Station
Conclusion
Finding cheap hotels in Chicago doesn’t mean compromising on experience. Whether you need a place close to the sights or a quiet corner to relax, there’s a perfect fit. These ten options balance comfort, style, and price with impressive value. You’ll find properties suited for every type of traveler. With amenities like free breakfast, modern design, and walkable neighborhoods, each one offers something unique. If you’re ready to explore this great city without overspending, start with these affordable hotels. Your next adventure in Chicago begins here. Stay smart, stay stylish, and keep discovering.
