Budget Hotels in Magnificent Mile, Chicago

    calendar shield illustration

    Change your mind

    Book hotels with free cancellation
    deals illustration

    Treat yourself

    Sign in to save 10% or more on thousands of hotels
    Sign in
    bed illustration

    Be picky

    Search almost a million properties worldwide

Check availability on Magnificent Mile Budget Hotels

Top Magnificent Mile Budget Hotels

Warwick Allerton - Chicago
Formal dining area with a large chandelier, gold chairs, and a stone floor.

Warwick Allerton - Chicago

4.0 star property
8.2 out of 10, Very Good, (2915)
"This is a great stay that I'd recommend to anyone!"
The price is P6,794
P9,652 total
includes taxes & fees
Aug 24 - Aug 25
Warwick Allerton - Chicago
InterContinental Chicago Magnificent Mile by IHG
Experience the hotel's striking entrance with a view of the interior through its large windows and decorative elements.

InterContinental Chicago Magnificent Mile by IHG

4.5 star property
9.0 out of 10, Wonderful, (2183)
"Great location to stay!"
The price is P11,647
P15,500 total
includes taxes & fees
Sep 1 - Sep 2
InterContinental Chicago Magnificent Mile by IHG
Park Hyatt Chicago
Enjoy dining on the rooftop with a city view.

Park Hyatt Chicago

5.0 star property
9.6 out of 10, Exceptional, (1001)
"It's a beautiful and comfortable hotel."
The price is P35,113
P41,220 total
includes taxes & fees
Aug 25 - Aug 26
Park Hyatt Chicago
The Westin Michigan Avenue Chicago
Panoramic views of the urban landscape and coastline from this high-rise building's corner tower.

The Westin Michigan Avenue Chicago

4.5 star property
8.8 out of 10, Excellent, (1010)
"Very nice place to stay great location"
The price is P7,936
P11,327 total
includes taxes & fees
Aug 24 - Aug 25
The Westin Michigan Avenue Chicago
Lowest nightly price found within the past 24 hours based on a 1 night stay for 2 adults. Prices and availability subject to change. Additional terms may apply.

Top Magnificent Mile Hotel Reviews

Hyatt Regency Chicago

Hyatt Regency Chicago

10/10 Excellent
"Staff was friendly and helpful. Location was perfect. Clean rooms, comfortable beds, great view of the river and the city. Will definitely stay here again in the future!"
Anonymous traveler 2-night trip
Posted 5 hours ago
Hyatt Regency Chicago

Frequently asked questions

What is Magnificent Mile like for travelers on a budget?
Explore discount places to stay in Magnificent Mile on Expedia.com and plan a getaway that sticks within your budget. Magnificent Mile is a destination that travelers visit for its top museums and lakeside setting. You can look through a wide range of accommodations with Member Prices to score great deals. Guided by our site's helpful page filters, you can limit results by your price range, or by popular amenities like free parking and free breakfast. Or, try refining your search with the location filters to see affordable options around local attractions, such as Michigan Avenue or Chicago Water Tower. While you browse, use the heart button to keep track of your favorites so that you can find them later when you're ready to decide. Need a flight or a rental car along with your hotel? Choose from the travel packages offered under Bundle and Save and discover big savings by booking transportation at the same time.
What's the best budget-friendly hotel in Magnificent Mile?
Based on reviews, Warwick Allerton - Chicago is a popular hotel for our travelers who want a more economical choice, and features a 24-hour fitness center and laundry facilities.
How many low cost hotels can I expect to find in Magnificent Mile?
Expedia has 6 hotels in Magnificent Mile that are ideal if you are watching your pennies.
What's the weather like in Magnificent Mile?
The hottest months are usually July and August with an average temperature of 70°F,
  • Coldest months: January, February, December, and March
  • Rainiest months: June, May, April, and October
  • Driest months: November, January, February, and December
What is there to see and do in Magnificent Mile?
Magnificent Mile attracts visitors with its fantastic dining options and lakeside setting, and offers plenty to see and do without spending a fortune. You can budget for the top local attractions on your list, such as Michigan Avenue and Navy Pier, and then make time for other wallet-friendly activities. Check out the local culture at Lookingglass Theatre and Museum of Contemporary Art Chicago, or visit other spots like Broadway Playhouse.
How can I get to Magnificent Mile and get around on a budget?
Checking out these ways to get around Magnificent Mile is a smart way to keep your trip affordable. The closest airport is 9.5 mi (15.3 km) from the center in Chicago Midway Airport (MDW). If that doesn't suit your budget, you can look into flights to Chicago O'Hare Intl. Airport (ORD), which is 15.5 mi (24.9 km) away. Magnificent Mile might not have many public transit options to choose from so a rental car could be an economical alternative to explore more of the area.