Budget Hotels in Chicago: Real Prices, No Hidden Fees
Chicago Auto Show 2026 — February 14-23, 2026
Price spike: 50-100%. See event pricing →
Lollapalooza 2026 — July 30 - August 2, 2026
Price spike: 100-200%. See event pricing →
Compare real all-in prices for 5 budget hotels near Magnificent Mile in Chicago. We include taxes, resort fees, and service charges that other sites hide until checkout.
HI Chicago Hostel
0.5 mi from Magnificent Mile
Cheapest clean option downtown. Shared rooms. Kitchen access saves on meals. Great location.
via Booking.com
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Travelodge by Wyndham Chicago
2.5 mi from Magnificent Mile
Budget option further from downtown. CTA accessible. Clean enough for a night or two.
Freehand Chicago
0.2 mi from Magnificent Mile
Boutique hostel-hotel hybrid. Private rooms available. Excellent bar. Steps from Michigan Ave.
Congress Plaza Hotel
1.0 mi from Magnificent Mile
Historic landmark hotel. Grand lobby, dated rooms. $30 in hidden fees feels excessive for the condition.
Best Western River North
0.3 mi from Magnificent Mile
Premium location in River North. Rooms are standard chain quality. $24 in fees for the location tax.
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This site contains affiliate links. We may earn a commission when you book through our links, at no extra cost to you. Prices shown were last verified on 2026-02-13 and may have changed.