Best Affordable Hotels in Downtown Chicago

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Advisor - Jonna Robertson
Curated By

Jonna Robertson

  • Chicago

  • Boutique Travel

  • City Travel

  • Entertainment

  • Shopping

  • Sightseeing

Advisor - Best Affordable Hotels in Downtown Chicago
Curator’s statement

We love to do big things in Chicago. The birthplace of the skyscraper and a hub of innovation, Chicago is a city where big and bold ideas come to life. Our legacy of hosting unforgettable events dates all the way back to the World's Columbian Exposition of 1893. From world-class music festivals like Lollapalooza to iconic sporting events such as the Chicago Marathon and the annual St. Patrick's Day Celebration, the Windy City pulls out all the stops. Whether you're here for music, sports, festivals, business or shopping, staying downtown puts you in the heart of the action. Luckily, you don’t have to spend a fortune to enjoy it all. Here’s your locally-curated complete guide to stylish yet affordable hotels, each under $300 per night, so you can experience Chicago’s best without breaking the bank.

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Where to stay in Chicago

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Things to do in Chicago

Chicago Athletic Association Hotel

Vibe: Historic grandeur with modern luxury

Why stay here: Once an elite private club, this iconic hotel combines timeless architecture with upscale amenities. The on-site bars and restaurants, like Cindy’s Rooftop, are a must-visit for incredible lake views.

Nearby attractions: Millennium Park, Art Institute of Chicago, Grant Park

Pro tip: The prime location makes this hotel perfect for both Lollapalooza and the Chicago Marathon, with easy access and views of Grant Park.

Thompson Chicago

Vibe: Sophisticated and understated luxury

Why stay here: Located in the upscale Gold Coast neighborhood, Thompson Chicago offers a polished stay with spacious rooms, premium linens and a chic on-site restaurant, Nico Osteria.

Nearby attractions: Oak Street Beach, Magnificent Mile, Historic Gold Coast mansions

Kimpton Gray Hotel

Vibe: Modern elegance in a historic setting

Why stay here: Situated in the Loop, this boutique hotel offers a sophisticated stay with plush furnishings, a rooftop bar and free yoga mats in every room. Its central location makes it a convenient base for exploring Chicago’s main attractions.

Nearby attractions: Willis Tower, Chicago Riverwalk, The Loop’s Theater District

Pro tip: Great for Chicago Marathon runners and spectators thanks to its proximity to public transportation, the starting line and key race points.

The Pendry Chicago

Vibe: Contemporary luxury with a bold edge

Why stay here: Located in the historic Carbide & Carbon building, The Pendry combines Art Deco glamor with modern flair. Guests rave about the rooftop bar and proximity to top attractions.

Nearby attractions: Millennium Park, Chicago Riverwalk, Magnificent Mile

Pro tip: Great for St. Patrick’s Day because it’s near the Chicago River dyeing ceremony and festivities.

The Fairmont Chicago

Vibe: Refined and elegant with scenic park and lake views

Why stay here: Situated steps from Millennium Park, The Fairmont blends modern sophistication with thoughtful service. Guests love the spacious rooms and location, location, location.

Nearby attractions: Millennium Park, Navy Pier, Art Institute of Chicago

JW Marriott Chicago

Vibe: Sophisticated luxury with top-tier amenities

Why stay here: For those seeking luxury on a budget, the JW Marriott in the Loop delivers with spacious rooms, a world-class spa and impeccable service. It’s an excellent choice for both business and leisure travelers.

Nearby attractions: Union Station & Ogilvie Station, Willis Tower, Art Institute of Chicago

The Talbott Hotel

Vibe: Classic charm with boutique hospitality

Why stay here: Nestled on the Gold Coast, The Talbott is perfect for travelers seeking a quieter, upscale stay. The hotel is a great choice for families or solo travelers.

Nearby attractions: Oak Street Beach, Magnificent Mile, Museum of Contemporary Art

Sofitel Chicago

Vibe: Sleek French elegance in the heart of the city

Why stay here: Designed by architect Jean-Paul Viguier, the Sofitel’s striking modern design complements its luxurious accommodations. The hotel is renowned for its French-inspired cuisine, artistic sensibility and attentive service.

Nearby attractions: Water Tower Place, John Hancock Center, Museum of Contemporary Art

Omni Chicago

Vibe: Spacious suites with a touch of elegance

Why stay here: Located right on the Magnificent Mile, Omni Chicago offers all-suite accommodations, perfect for families or travelers who appreciate extra space. The rooftop sundeck and indoor pool are standout features for relaxing after a day of exploring.

Nearby attractions: Magnificent Mile shopping, John Hancock Center, Oak Street Beach

The Westin Michigan Avenue

Vibe: Relaxed luxury with stunning river views

Why stay here: Overlooking the Chicago River, The Westin offers spacious rooms, signature Heavenly Beds® and a serene vibe perfect for unwinding after exploring the city. The fitness center and on-site dining options make it a well-rounded choice for any traveler.

Nearby attractions: Chicago Riverwalk, Millennium Park, Magnificent Mile

Need to know

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Advisor - Jonna Robertson

Travel Advisor

Jonna Robertson

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For more inspiration and insider recommendations, visit our Chicago page.