Find Cheap Hotels in Magnificent Mile, Chicago from $109

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Top Magnificent Mile Cheap Hotels

Warwick Allerton - Chicago

4.0 star property
Downtown Chicago
8.4 out of 10, Very Good, (2989)
"Beautiful hotel, very well situated near restaurants shopping and mass transit "
United States
Joan
$93 nightly
The price is $109
Dec 9 - Dec 10
Total with taxes and fees
Warwick Allerton - Chicago

InterContinental Chicago Magnificent Mile by IHG

4.5 star property
Downtown Chicago
9.0 out of 10, Wonderful, (2597)
"Nice hotel and convenient location "
United States
RINA
$171 nightly
The price is $195
Dec 15 - Dec 16
Total with taxes and fees
InterContinental Chicago Magnificent Mile by IHG

Park Hyatt Chicago

5.0 star property
Downtown Chicago
9.6 out of 10, Exceptional, (1000)
"Stay was amazing!!! The staff was so friendly, kind, and thoughtful! The rooms were soooo beyond perfect and lovely! And the food at the restaurant was amazing.. especially breakfast! You won’t regret staying here!!! "
United States
Larissa
$435 nightly
The price is $511
Jan 2 - Jan 3, 2026
Total with taxes and fees
Park Hyatt Chicago

The Westin Michigan Avenue Chicago

4.5 star property
Downtown Chicago
8.8 out of 10, Excellent, (1091)
"We love it there! The best"
United States
Gayle
$160 nightly
The price is $187
Dec 21 - Dec 22
Total with taxes and fees
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.

Find out more about Magnificent Mile

Discover cheap things to do in Magnificent Mile

The Magnificent Mile in Chicago is a paradise of experiences that won’t break the bank, perfect for quality-seeking travelers. Start your day at the iconic Water Tower, an architectural gem that offers free tours and stunning views of the city. Just a short walk away is the beautiful Millennium Park, where you can snap a selfie with the famous Bean sculpture or enjoy free concerts and outdoor events during the summer months. For a taste of culture without the price tag, visit the Art Institute of Chicago on free admission days, where you can marvel at world-renowned art collections. If you're looking to indulge your taste buds without overspending, check out the many food trucks lining the streets, offering delicious and affordable eats from Chicago-style hot dogs to gourmet tacos. After a full day of exploration, returning to one of the many budget-friendly hotels in the area will feel like a treat; many offer modern amenities, complimentary breakfasts, and friendly service that cater to your family’s needs, ensuring you feel pampered even on a budget. With the bustling shops and scenic riverwalk right outside your door, staying in the Magnificent Mile allows you to enjoy the vibrancy of Chicago while sticking to your budget.

Top Magnificent Mile Hotel Reviews

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 free WiFi and a 24-hour fitness center.
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 Wrigley Field, 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.

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