Best Cheap Hotels in Chicago for $300 or Less

A trip to Chicago doesn't have to break the bank. These hotels are cheap and don't skimp on amenities.

Chicago is one of the coolest cities in the United States. That’s not open to discussion. With an innovative architectural history, neighborhoods that act as mini-cities, and a truly amazing food scene, the Windy City has it all (except mild winters).

But nothing ruins a trip like coming back to a hotel filled with mold and funky odors after a great day in the city. Of course, you want to save your money for deep-dish pizza. We applaud that. However, you don’t have to sacrifice comfort for affordability.

Instead, choose a nice and affordable place. These are the 10 best cheap Chicago hotels with great amenities at reasonable prices.

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Best Affordable Chicago Hotels Roundup

Chicago River Tourboat Cruise Downtown Chicago Skyscrapers

Mlenny / Getty Images

Cambria Hotel Chicago Loop/Theatre District

CitizenM Chicago Downtown

Moxy Chicago Downtown

Aloft Chicago Downtown River North

Kimpton Gray Hotel

Virgin Hotels Chicago

Chicago Athletic Association Hotel

The LaSalle Chicago, Autograph Collection

Renaissance Chicago Downtown Hotel

The Gwen, a Luxury Collection Hotel

Cambria Hotel Chicago Loop/Theatre District

Mark Ballogg / Choice Hotels

Price: $106*

The Cambria Hotel Chicago Loop provides a three-star experience in a central area of the city. Room walls often feature maps of the city, so you never forget exactly where you are.

And while we don’t love the pillows with “hello” written on them, everything else in this hotel feels fresh and welcoming.

Book it: Cambria Hotel Chicago Loop/Theatre District

*Price at time of publication. All prices are subject to change.

CitizenM Chicago Downtown

citizenM

Price: $120

At citizenM Chicago Downtown, travelers can stay on the famed Michigan Avenue without going broke or sacrificing comfort. The brand promises “luxury for the wise,” which in this case means being a seven-minute walk from the Bean and Millenium Park.

Expect blackout blinds, work stations, an in-house restaurant and bar, and funky decor. Get a citizenM membership for discounts that will make your stay even more affordable.

Book it: citizenM Chicago Downtown

Moxy Chicago Downtown

Moxy Hotels

Price: $139

Moxy hotels can sometimes miss the mark in their quest to be edgy (which is why they’re not necessarily our favorite Marriott brand). But Moxy Chicago succeeds in being playful, irreverent and different without being desperate.

Besides a great location in River North, the hotel’s greatest asset is its delicious Zombie Taco restaurant, open until 2 a.m. on Friday and Saturday.

Book it: Moxy Chicago Downtown

Aloft Chicago Downtown River North

Aloft Hotels

Price: $139

A stay at Aloft Chicago Downtown River North places you in one of the city’s coolest neighborhoods. You’ll be near the river as well as Magnificent Mile and Navy Pier.

The hotel has a restaurant, a bar and — most importantly — a coffee house. Fuel up for a long walk around the Windy City, or enjoy a warm cup of joe before sitting down to work from your in-suite desk.

Book it: Aloft Chicago Downtown River North

Kimpton Gray Hotel

Laure Joliet / Kimpton Hotels

Price: $185

Designed by William Le Baron Jenney — often called the “father of the skyscraper” — this historic structure dates back to 1893. It was originally an office building that faced the threat of extinction before being resurrected as the Gray Hotel.

This is Kimpton’s most compelling Chicago property, juxtaposing late 19th-century architecture with modern design and decor. After a day of exploring, relax in the low light of Vol. 39, the hotel’s ambient bar that emulates the feel of a law library.

Book it: Kimpton Gray Hotel

Virgin Hotels Chicago

Virgin Hotels

Price: $188

Virgin brings its signature red, black and white motif to the Loop. Guests of Virgin Hotels Chicago can expect impeccable decor, great food and fun times at Cerise rooftop lounge.

And if you download the hotel’s app, you’ll be able to do everything from ordering room service to controlling the temperature of your room — it really couldn’t be easier.

Book it: Virgin Hotels Chicago

Chicago Athletic Association Hotel

Hyatt

Price: $195

Once a respected social club, the Chicago Athletic Association Hotel boasts a turn-of-the-century style known as Venetian Gothic. You’ll find elements of brick and wood throughout the hotel, particularly in its inviting restaurants.

Even in the dreary winter, natural light fills common spaces and rooms. If you want to stay in a palpable piece of Chicago history, few hotels can compete with this Hyatt property.

Book it: Chicago Athletic Association Hotel

The LaSalle Chicago, Autograph Collection

Autograph Collection

Price: $249

The LaSalle Chicago boutique hotel describes itself as “elevated yet casual.” It stands out thanks to its bold contrasting colors — a welcome respite from the bland beige that plagues many hotels.

While prices are usually over $400, lucky guests booking during the week or on less busy weekends can find good deals.

Book it: The LaSalle Chicago, Autograph Collection

Renaissance Chicago Downtown Hotel

Renaissance Hotels

Price: $279

Love having a view of the water? Book a riverfront room at Renaissance Chicago Downtown. The modern hotel uses a mix of styles that should clash but somehow work together in this masterfully decorated space.

You’ll be in the Theater District, near some of the city’s best entertainment venues, including the Chicago Theater, a mere two-minute walk away.

Book it: Renaissance Chicago Downtown Hotel

The Gwen, a Luxury Collection Hotel

Luxury Collection Hotels

Price: $299

While rates at the Gwen are usually over $500, off-season prices at this luxurious four-star hotel can be much lower. But, trust us, even the higher rates are worth it, as you’ll be in the heart of Michigan Avenue, with downtown Chicago at your doorstep.

Be warned! After seeing the rooftop terrace and trying the Mediterranean-inspired dishes at Kostali restaurant, you might have to force yourself to leave the hotel.

Book it: The Gwen, a Luxury Collection Hotel