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Best Hotels in Chicago for Every Budget (2026 Guide)
Chicago offers a diverse range of hotels, from luxury stays along the Magnificent Mile to affordable options near downtown attractions. This guide highlights the best hotels in Chicago for every budget, focusing on location, comfort, and value so you can choose the right stay whether you’re visiting for business, sightseeing, or events.
Best Overall Hotels in Chicago
The Langham, Chicago
The Langham, Chicago is a luxury hotel located along the Chicago River, offering elegant accommodations, spacious rooms, and panoramic city views. Guests appreciate the refined design, exceptional service, and convenient location near the Magnificent Mile and Millennium Park.
Why it’s a great choice:
Ideal for travelers seeking upscale comfort, modern luxury, and a central downtown Chicago location.
The Peninsula Chicago
The Peninsula Chicago offers refined luxury along the Magnificent Mile, featuring spacious rooms, top-tier dining, and world-class service. Known for its elegant interiors and attention to detail, the hotel provides a premium stay with easy access to shopping, cultural attractions, and Lake Michigan.
Why it’s a great choice:
Perfect for travelers seeking classic luxury, exceptional service, and a prestigious Magnificent Mile location.
Trump International Hotel & Tower Chicago
Trump International Hotel & Tower Chicago delivers upscale accommodations with sweeping views of the Chicago River and skyline. Guests enjoy modern rooms, luxury amenities, and a central downtown location close to major attractions and dining.
Why it’s a great choice:
Ideal for travelers who want modern luxury, impressive city views, and a central location in downtown Chicago.
Best Budget Hotels in Chicago
Hotel Versey Days Inn by Wyndham Chicago
Hotel Versey Days Inn by Wyndham Chicago offers affordable accommodations in the lively Lincoln Park neighborhood. Guests appreciate the convenient access to public transportation, nearby dining, and easy connections to downtown Chicago.
Why it’s a great choice:
Ideal for travelers seeking a budget-friendly stay in a vibrant neighborhood with quick access to major attractions.
Freehand Chicago
Freehand Chicago provides stylish, budget-conscious accommodations with a modern design in the River North area. Known for its social atmosphere and central location, it offers easy access to dining, nightlife, and public transit.
Why it’s a great choice:
Perfect for travelers who want affordable pricing with a trendy vibe in a central downtown location.
HI Chicago Hostel
HI Chicago Hostel offers one of the most affordable lodging options in downtown Chicago, with clean accommodations and a welcoming atmosphere. Located near Grant Park, it provides convenient access to public transportation and major attractions.
Why it’s a great choice:
Best for travelers prioritizing low cost and a central location in downtown Chicago.
Best Mid-Range Hotels in Chicago
Hotel EMC2, Autograph Collection
Hotel EMC2, Autograph Collection offers a modern, art-inspired stay in the Streeterville neighborhood near the Magnificent Mile. Guests enjoy stylish rooms, creative design elements, and easy access to shopping, dining, and Lake Michigan.
Why it’s a great choice:
Ideal for travelers who want a contemporary hotel with character and a prime downtown location at a mid-range price.
Palmer House a Hilton Hotel
Palmer House a Hilton Hotel is a historic Chicago landmark offering comfortable accommodations in the Loop. Known for its classic architecture and central location, it provides easy access to theaters, shopping, and public transportation.
Why it’s a great choice:
Perfect for travelers who want a centrally located hotel with history, charm, and reliable comfort.
The Godfrey Hotel Chicago
The Godfrey Hotel Chicago delivers modern accommodations with a sleek design in the River North district. Guests appreciate the stylish rooms, rooftop lounge, and convenient access to nightlife, dining, and public transit.
Why it’s a great choice:
Best for travelers seeking a trendy, centrally located hotel with solid amenities at a reasonable price.
How to Choose the Best Hotel in Chicago
Chicago offers a variety of neighborhoods, so choosing the right hotel depends on location and travel plans. Downtown areas like the Loop and River North are ideal for sightseeing and business travel, while neighborhoods such as Lincoln Park offer a more local atmosphere. Consider proximity to public transportation, attractions, and dining when selecting the best hotel for your stay.
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