Cheap Hotels on Chicago's Magnificent Mile: Budget Stays in the Heart of the City

Find 25 cheap hotels on Chicago's Magnificent Mile, from $89/night. Compare rates, see deals, and book now for a budget-friendly stay near top attractions.

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1-20 out of 25
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8.3
Great3860 total reviews
our site & Booking.com
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1.3 mi from City Center489 yd from Michigan Avenue
Indoor PoolItalian RestaurantValet Parking
  • Complimentary evening reception daily
  • Spacious two-room suites with kitchens
  • On-site Italian restaurant
FromUS$ 383 /nightSelect
8.2
Great2791 total reviews
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1.5 mi from City Center182 yd from Northwestern Memorial Hospital
Complimentary BikesBilliardsIndoor Pool
  • Complimentary bikes for city exploration
  • LEED-certified sustainable hotel
  • W XYZ Bar with live music
FromUS$ 93 /nightSelect
8.6
Great470 total reviews
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1.1 mi from City Center427 yd from House of Blues Chicago
Beatrix RestaurantDog AmenitiesBilliard Table
  • LEED-certified eco-friendly hotel
  • Complimentary pet beds and treats
  • Beatrix restaurant popular with locals
FromUS$ 113 /nightSelect
8.5
Great1886 total reviews
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1.8 mi from City Center243 yd from Water Tower Place
Rooftop PoolMeeting SpaceFitness Center
  • 30th-floor heated rooftop pool with views
  • All-suite rooms with separate living
  • Southern Cut Barbecue and Mirai Sushi
FromUS$ 119 /nightSelect
8.2
Great4591 total reviews
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1.2 mi from City Center459 yd from House of Blues Chicago
Indoor PoolWeber GrillBusiness Center
  • Indoor pool with skyline views
  • On-site Weber Grill Restaurant
  • Steps from Grand Ave subway
FromUS$ 132 /nightSelect
8.9
Great506 total reviews
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1.1 mi from City Center558 yd from House of Blues Chicago
Game RoomZombie TacoLive DJ
  • Bar check-in with welcome drink
  • Live DJ on weekend nights
  • On-site Zombie Taco restaurant
FromUS$ 182 /nightSelect
8.7
Great1622 total reviews
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1.1 mi from City Center344 yd from House of Blues Chicago
Ema Restaurant24-Hour MarketMeeting Space
  • Zagat-rated on-site restaurant Ema
  • 24-hour market with grab-and-go
  • Cutting-edge meeting technology
FromUS$ 103 /nightSelect
7.4
Very good710 total reviews
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1.5 mi from City Center124 yd from Michigan Avenue
Rooftop PoolFitness CenterBusiness Center
  • Rooftop pool with skyline views
  • 40th-floor fitness center views
  • Customizable breakfast menu options
FromUS$ 109 /nightSelect
7.1
Very good2399 total reviews
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1.2 mi from City Center570 yd from House of Blues Chicago
Rooftop TerracePizzeria OraIndoor Pool
  • Rooftop terrace with city views
  • Authentic Chicago deep-dish pizza
  • Free ice cream and snacks
FromUS$ 89 /nightSelect
8.5
Great1968 total reviews
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1.2 mi from City Center629 yd from House of Blues Chicago
Free ParkingFree Breakfast24-Hour Security
  • Free parking in downtown Chicago
  • Vintage Americana motel design
  • Within 1 mile of Magnificent Mile
FromUS$ 83 /nightSelect
7.9
Very good3737 total reviews
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1.9 mi from City Center292 yd from Water Tower Place
Fitness CenterBusiness CenterLaundry Facilities
  • All-suite hotel with full kitchens
  • American Girl Doll Package for kids
  • Gold Coast Room boardroom meetings
FromUS$ 117 /nightSelect
8.4
Great616 total reviews
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1.1 mi from City Center275 yd from House of Blues Chicago
Indoor PoolFitness CenterBill's Restaurant
  • Newly renovated in River North
  • Award-winning burgers and craft beers
  • 6th-floor patio with city views
FromUS$ 136 /nightSelect
8.6
Great527 total reviews
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1.0 mi from City Center184 yd from House of Blues Chicago
Full KitchensGrocery ServiceCocktail Bar
  • Full kitchens with grocery service
  • Local-inspired signature cocktails
  • Two event venues with AV
FromUS$ 175 /nightSelect
9.1
Perfect471 total reviews
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1.4 mi from City Center197 yd from Michigan Avenue
Private ParkingRooftop SushiMeeting Space
  • Mid-century-inspired decor
  • Rooftop sushi restaurant
  • Keyless entry and smart lighting
FromUS$ 127 /nightSelect
8.3
Great2654 total reviews
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1.3 mi from City Center495 yd from House of Blues Chicago
Rooftop PoolFull KitchensEvening Social
  • Rooftop pool with skyline views
  • Full kitchens in every suite
  • Complimentary evening social
FromUS$ 165 /nightSelect
7.9
Very good2498 total reviews
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Kirei RestaurantFitness CenterBusiness Center
  • Fortune's top small US hotel
  • Innovative Asian cuisine Kirei
  • Distinctive boutique ambiance
FromUS$ 83 /nightSelect
8.8
Great1426 total reviews
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1.0 mi from City Center183 yd from House of Blues Chicago
Rooftop PoolMeeting RoomsFitness Center
  • Rooftop pool with skyline views
  • Prime River North neighborhood location
  • Complimentary hot breakfast included
FromUS$ 109 /nightSelect
8.6
Great2603 total reviews
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1.1 mi from City Center321 yd from House of Blues Chicago
Indoor PoolFitness CenterOn-site Dining
  • Make-your-own waffle breakfast
  • Very Important Kid package
  • Text message guest check-ins
FromUS$ 93 /nightSelect
8.6
Great812 total reviews
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1.1 mi from City Center345 yd from House of Blues Chicago
Valet ParkingMeeting SpacesBicycle Rental
  • Personalized breakfast by Javier and Fannie
  • Family suites with separate living area
  • Newest LEED-Certified Marriott in downtown
FromUS$ 154 /nightSelect
7.5
Very good1104 total reviews
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1.5 mi from City Center124 yd from Michigan Avenue
Rooftop PoolFull KitchensMeeting Space
  • Full kitchens in every suite
  • Rooftop pool with skyline views
  • Complimentary evening socials weekly
FromUS$ 127 /nightSelect
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Chicago's Magnificent Mile delivers high-end shopping, dining, and skyline views, but you don't need a luxury budget to stay there. From the Best Western Chicago Downtown-River North with its rooftop deck and indoor pool, to the Hilton Garden Inn Chicago Downtown/Magnificent Mile offering rooms with microwaves and refrigerators, to the Ohio House Motel with free parking and WiFi, these budget-friendly hotels position you steps from Michigan Avenue's shops and Navy Pier. Expect essential amenities like free WiFi, flat-screen TVs, and fitness centers, with many properties also providing breakfast or on-site dining.

For travelers prioritizing location without high costs, the area around River North and the Magnificent Mile includes options like Moxy Chicago Downtown, featuring a bar and fitness center, Aloft By Marriott Chicago Mag Mile with a swimming pool and two restaurants, and Hampton Inn Chicago Downtown/Magnificent Mile, which serves a daily breakfast and puts you within a 10-minute drive of Millennium Park and the Art Institute of Chicago. Room rates typically start around $89 per night, but vary by season and booking lead time. To secure the best deals, consider visiting during winter months, booking several weeks in advance, or checking last-minute rates for further savings.