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Our top choices for Magnificent Mile cheap hotels

The Godfrey Hotel Chicago

4.5 star property
Downtown Chicago
8.6 out of 10, Excellent, (1919)
"Good value, great cleaning staff "
United Kingdom
farzana
The price is ₹8,557
₹12,155 total
includes taxes & fees
7 Jan - 8 Jan 2026
The Godfrey Hotel Chicago

Embassy Suites by Hilton Chicago Downtown Magnificent Mile

4.0 star property
Downtown Chicago
8.2 out of 10, Very good, (2750)
"Great food clean room friendly staff"
United States
MARINA
The price is ₹7,567
₹11,527 total
includes taxes & fees
6 Jan - 7 Jan 2026
Embassy Suites by Hilton Chicago Downtown Magnificent Mile

Eurostars Magnificent Mile

4.0 star property
Downtown Chicago
9.0 out of 10, Wonderful, (3136)
"Amazing and will be staying again!"
United States
Angie
The price is ₹8,431
₹9,898 total
includes taxes & fees
8 Jan - 9 Jan 2026
Eurostars Magnificent Mile

Aloft Chicago Mag Mile

3.0 star property
Downtown Chicago
8.6 out of 10, Excellent, (2947)
"Great location and great staff!!"
United States
lynne
The price is ₹6,921
₹8,125 total
includes taxes & fees
11 Dec - 12 Dec
Aloft Chicago Mag Mile

Freehand Chicago

4.0 star property
Downtown Chicago
8.0 out of 10, Very good, (2634)
"The room was spotless and the staff where great!"
United States
Maria
The price is ₹5,383
₹7,905 total
includes taxes & fees
5 Jan - 6 Jan 2026
Freehand Chicago

Claridge House Chicago, Tapestry Collection by Hilton

4.0 star property
Downtown Chicago
9.0 out of 10, Wonderful, (1476)
"Loved this hotel, great location, pet friendly."
United States
Tracy
The price is ₹6,191
₹9,906 total
includes taxes & fees
4 Jan - 5 Jan 2026
Claridge House Chicago, Tapestry Collection by Hilton

Hyatt Centric Chicago Magnificent Mile

4.0 star property
Downtown Chicago
9.0 out of 10, Wonderful, (1045)
"Perfect location to surrounding area and activities, friendly staff, clean rooms, amazing gym, and delicious food."
United States
Hannah
The price is ₹8,786
₹12,952 total
includes taxes & fees
1 Jan - 2 Jan 2026
Hyatt Centric Chicago Magnificent Mile

The Wade

4.5 star property
Downtown Chicago
8.4 out of 10, Very good, (1507)
"Everything was really wonderful.. would stay again for sure!! "
United States
Alexa
The price is ₹9,078
₹10,657 total
includes taxes & fees
16 Dec - 17 Dec
The Wade

Palmer House a Hilton Hotel

4.0 star property
Downtown Chicago
8.4 out of 10, Very good, (2127)
"Loved and enjoyed our stay"
United States
Luis
The price is ₹9,950
₹13,928 total
includes taxes & fees
21 Dec - 22 Dec
Palmer House a Hilton Hotel

DoubleTree by Hilton Chicago - Magnificent Mile

4.0 star property
Downtown Chicago
8.8 out of 10, Excellent, (2179)
"Nice Hotel"
United States
Alan
The price is ₹8,034
₹9,431 total
includes taxes & fees
21 Dec - 22 Dec
DoubleTree by Hilton Chicago - Magnificent Mile
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 is a vibrant hub for travellers seeking both excitement and value. Begin your adventure at the iconic Chicago Riverwalk, where you can stroll along the water’s edge, enjoy free live music events in the summer, and grab a picturesque view of the city skyline. Just a short walk away, the historic Water Tower offers a glimpse into Chicago's past, and its surrounding park is perfect for a leisurely picnic. For art lovers, the Museum of Contemporary Art provides free admission on Tuesdays, allowing you to explore captivating exhibitions without breaking the bank. Don’t miss out on the bustling local food scene; head to Portillo’s for a delicious and affordable Chicago-style hot dog or indulge in a slice of deep-dish pizza at Lou Malnati’s. Finally, after a day filled with exploration, retreat to one of the budget-friendly hotels on the Magnificent Mile, where you can enjoy amenities like rooftop pools and complimentary breakfasts, all while being steps away from world-class shopping and entertainment. Here, you can unwind in comfort and style without overspending, ensuring your family feels pampered throughout your stay.

Top Magnificent Mile Hotel Reviews

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Frequently asked questions

What is Magnificent Mile like for travellers on a budget?
Discover discount places to stay in Magnificent Mile on Expedia.com and book a getaway that stays within your budget. Magnificent Mile is a destination that travellers visit for its top museums and lakeside setting. You can browse a wide range of accommodation choices with Member Prices to find the best deal for you and earn rewards. Guided by our site's helpful page filters, you can search by price per night, or by popular amenities like free breakfast and free airport transport. 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 favourites so that you can return to them easily when you're ready to decide. Interested in a car or a flight too? Choose from the Bundle and Save holiday packages and discover big savings when you book your transport 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 travellers who want a more economical choice, and features free Wi-Fi and a 24-hour fitness centre.
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?
Looking at these ways to get around Magnificent Mile is a smart way to keep your trip affordable. The closest airport is Chicago Midway Airport (MDW), situated 9.5 mi (15.3 km) away. If that doesn't suit your budget, you can arrange flights in and out of Chicago O'Hare International Airport (ORD), which is 15.5 mi (24.9 km) away. Magnificent Mile might not have very many public transport choices so renting a car could be an economical alternative to see more of the area.