Hotel Prices in Chicago, Illinois
As of August 4, 2026, the median nightly hotel price in Chicago is $423 across a sample of 50 properties, with rates ranging from $65 to $1,337.
Updated August 4, 2026
About 16% of sampled rates include free cancellation.
Price statistics by month
| Month | Median / night | Lowest | Highest | Properties sampled |
|---|---|---|---|---|
| July 2026 | $337 | $53 | $957 | 50 |
| August 2026 | $423 | $65 | $1,337 | 50 |
Property counts are sample sizes, not hotel inventory: each city search returns up to 50 properties, so a count of 50 means the sample reached that cap rather than the city having only 50 hotels.
Price statistics by hotel class
| Hotel class | Median / night | Properties sampled |
|---|---|---|
| 4-star hotels | $392 | 34 |
| 5-star hotels | $668 | 11 |
Median price trend
Frequently asked questions
What is the average hotel price in Chicago, Illinois?
As of August 4, 2026, the median nightly hotel price in Chicago is $423, based on a sample of 50 properties for a weekend stay with 2 adults in 1 room.
How much is a 4-star hotel in Chicago?
As of August 4, 2026, the median nightly rate for a 4-star hotel in Chicago is $392, across 34 4-star properties in the same sample.
When is the cheapest time to book a hotel in Chicago?
Of the 2 months tracked so far, July 2026 had the lowest median nightly rate in Chicago at $337 (a sample of 50 properties), and August 2026 the highest at $423 (a sample of 50 properties). Every capture uses the same weekend basket, so the comparison is like for like.
How much does a cheap hotel in Chicago cost?
As of August 4, 2026, the lowest nightly hotel rate found in Chicago was $65 and the highest was $1,337, across a sample of 50 properties.
Do hotels in Chicago offer free cancellation?
As of August 4, 2026, about 16% of sampled hotel rates in Chicago included free cancellation.
Methodology
Statistics are captured from live hotel searches across our partner booking sites for a standard basket: 2 adults, 1 room, weekend stay (Friday to Sunday) about 30 days out. Prices are per-night rates in USD before taxes and fees, using each property's cheapest available rate. The latest snapshot sampled 50 properties for 2026-09-04 to 2026-09-06. Trends and month-to-month comparisons appear once a city has 3 snapshots.
Read the full methodology — sample size rules, why thin samples stay unpublished, and why trends appear late.