Budget Hotels Near Magnificent Mile Chicago — Real Prices
Chicago's iconic stretch of North Michigan Avenue, packed with luxury shopping, restaurants, and hotels. The heart of the tourist district.
Budget tip: Hotels on the Magnificent Mile itself charge premium rates. Side streets one block east or west can save $30-50/night. Watch for resort fees that some Michigan Ave properties sneak in.
We're still researching hotels near Magnificent Mile. More options coming soon.
Freehand Chicago
0.2 mi from Magnificent Mile
Boutique hostel-hotel hybrid. Private rooms available. Excellent bar. Steps from Michigan Ave.
via Booking.com
Also available:
Best Western River North
0.3 mi from Magnificent Mile
Premium location in River North. Rooms are standard chain quality. $24 in fees for the location tax.
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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.