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MyBudgetHotel

Budget Hotels in Downtown / River North, Chicago — Real Prices

$108/night

Avg Price

0.0 mi

To Downtown

Yes

Walkable

Excellent

Nightlife

Paid

Parking

Downtown Chicago and River North form the walkable core of the city, home to the Magnificent Mile, Navy Pier, and world-class dining. It's the most convenient area for visitors but also the priciest — Chicago's 17.4% hotel tax hits hardest here. Budget hotels are scarce downtown, but you're steps from everything.

Pros

✓ Walk to Magnificent Mile, Navy Pier, and all major attractions✓ Best public transit access in the city✓ World-class dining and nightlife on every block

Cons

⚠ Most expensive area for hotels — taxes add 17.4%⚠ Parking runs $40-65/night at downtown garages⚠ Crowded and noisy, especially on Michigan Ave weekends

🛡️ Safety: Generally safe. River North is well-patrolled. Avoid Lower Wacker Drive area at night.

⭐ TOP PICK

HI Chicago Hostel

0.5 mi from Magnificent Mile

$45/night
$55/nightreal price
Hidden fees: +$10
✓ CLEAN

Cheapest clean option downtown. Shared rooms. Kitchen access saves on meals. Great location.

Book This Hotel →

via Booking.com

Also available:

Hotels.com $59Agoda $57

Landmarks in Downtown / River North

Magnificent Mile

2 hotelsfrom $98

Navy Pier

2 hotelsfrom $98
Compare all neighborhoods →

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This site contains affiliate links. We may earn a commission when you book through our links, at no extra cost to you. Prices shown were last verified on 2026-02-13 and may have changed.