What is the best hotel in Chicago on a budget?
The answer
The best budget-friendly hotels in Chicago include Loews Chicago Hotel, Hyatt Place Chicago/River North, and Renaissance Chicago Downtown Hotel. Loews Chicago Hotel is the top-ranked option with a high rating and many reviews, making it a solid choice for value. Hyatt Place Chicago/River North offers a slightly lower rating but remains a good option for budget travelers. Renaissance Chicago Downtown Hotel is also highly rated and well-reviewed, providing another reliable budget choice.
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Ranked · how we rank
- 1
- Located at 455 N Park Dr, a central Chicago location
- 2
- Situated in River North, a popular neighborhood
- 3
- Downtown location near major attractions
- 4
- Unique Sports Illustrated Resorts experience
- 5
- Located on Magnificent Mile, a prime area for visitors
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Sources · updated October 1, 2026
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