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Top Affordable Function Rooms in Chicago, IL
Looking for affordable function rooms in Chicago? There are plenty of options across the city! Neighborhoods like River North and the West Loop offer versatile spaces with great city views or close proximity to landmarks like Millennium Park. South Loop and Lincoln Park also have budget-friendly venues for casual or professional events. Many function rooms even provide customizable packages for catering and AV equipment to help keep costs down. Use Tagvenue to quickly find and book your Chicago space!
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![Private Party Room at Claddagh Ring Pub in Ravenswood, Chicago, IL]()
from $75
hire fee / per hourCheck availabilityPrivate Party Room
50 guestsCladdagh Ring PubRavenswood, Chicago, IL
#Supervenue
EEugene B.
“The bar was excellent. It was really one of the only ones I found that was reasonably priced to rent.” -
![The Parlour at The Albion at The Albion Manor in Lincoln Park, Chicago, IL]()
from $3000
minimum spend / per sessionCheck availabilityThe Parlour at The Albion
75 guestsThe Albion ManorLincoln Park, Chicago, IL
#Supervenue
KKatherine N.
“Overall, it was a wonderful experience, and I feel so fortunate to have found this fantastic venue.” -
![Bar Room at Port and Park Bistro in Lakeview, Chicago, IL]()
from $1000
minimum spend / per sessionCheck availabilityBar Room
66 guestsPort and Park BistroLakeview, Chicago, ILMMax D.
“The Bar room was very cool and was more than enough space for everyone. Food and drinks were great as well.” -
![Private Space Within Venue at Clara Chicago in Wicker Park, Chicago, IL]()
from $600
minimum spend / per dayCheck availabilityPrivate Space Within Venue
30 guestsClara ChicagoWicker Park, Chicago, ILEElvira P.
“To this day, we still have guests who say our engagement party was great, but that the venue was fantastic!” -
![Bistro Room at Port and Park Bistro in Lakeview, Chicago, IL]()
from $2000
minimum spend / per sessionCheck availabilityBistro Room
100 guestsPort and Park BistroLakeview, Chicago, ILGGenevieve H.
“Steve and the staff were wonderful to work with!” -
![Privada at Azul in West Town, Chicago, IL]()
from $2500
minimum spend / per sessionCheck availabilityPrivada
52 guestsAzulWest Town, Chicago, ILPrivada is a separate, private structure next to the Chicago River, featuring an exclusive bar for guests. It has a capacity of 52 for receptions and 36 for seated events. -
![Coach House at Glessner House in Near South Side, Chicago, IL]()
from $500
hire fee / per hourCheck availabilityCoach House
125 guestsGlessner HouseNear South Side, Chicago, ILLooking for a unique space for your next event? The Coach House offers 1,778 square feet of versatile space accommodating up to 125 guests. Once the Glessners’ stables and carriage house, this open area features historic -
![Function Room at Culture Connects in Lower West Side, Chicago, IL]()
from $250
hire fee / per hourCheck availabilityFunction Room
100 guestsCulture ConnectsLower West Side, Chicago, ILThis space can accommodate 100 guests. The booking includes various seating options - chairs, barstools. A stage will be great for performances or dancing, and there is also a bar! -
![Urban Artistic Loft at Christian Fields Natural Hair Salon in Woodlawn, Chicago, IL]()
from $325
hire fee / per hourCheck availabilityUrban Artistic Loft
200 guestsChristian Fields Natural Hair SalonWoodlawn, Chicago, ILThis space has a capacity of 200 people. The available seating options are tables with chairs and barstools. A dining layout is available too. It's a space fit for various events - parties, community gatherings, but also -
![Event Room at Luxe B Studio in Grand Boulevard, Chicago, IL]()
from $200
hire fee / per hourCheck availabilityEvent Room
100 guestsLuxe B StudioGrand Boulevard, Chicago, ILLooking for a space to rent for your next event? Luxe B Studio is the perfect venue to rent. With eight, six-foot windows and two, eight-foot windows, your event will have plenty of natural light. -
![Entire Venue at Claddagh Ring Pub in Ravenswood, Chicago, IL]()
from $99
hire fee / per hourCheck availabilityEntire Venue
100 guestsCladdagh Ring PubRavenswood, Chicago, IL
#Supervenue
SScott F.
“This place was great. There was no cost to booking the party room and the staff and drinks was amazing.” -
![Tech Enabled Room! Conf A+B at TeamWorking by TechNexus in Theatre District, Chicago, IL]()
from $173
hire fee / per hourCheck availabilityTech Enabled Room! Conf A+B
60 guestsTeamWorking by TechNexusTheatre District, Chicago, IL
#Supervenue
KKimberly B.
“I’d book this venue again next time we’re in Chicago.”
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FAQs about Top Affordable Function Rooms in Chicago, IL
The cost of affordable function rooms averages around $175 hire fee per hour. The final price will depend on location, size, amenities, and demand. Some venues also offer additional packages that include catering, AV equipment, or additional services. Take a look at the usual price ranges in Chicago, based on Tagvenue data from December 2025:
| From $85 | to $325 | hire fee per hour |
| From $1100 | to $2500 | minimum spend per event |
| From $35 | to $55 | per person |
Based on the popularity and user ratings on Tagvenue (updated December 2025), the best options include:
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Private Party Room at Claddagh Ring Pub in Ravenswood - rated 4.9/5
Our user said: ‘It was really one of the only ones I found that was reasonably priced to rent. Would recommend...’ -
The Parlour at The Albion at The Albion Manor in Lincoln Park - rated 4.9/5
Our user said: ‘Great venue! The staff were very friendly and accommodating. Would host another event here!’ -
Bar Room at Port and Park Bistro in Lakeview - rated 4.9/5
Our user said: ‘The food was great, the space was cool, and Steve was very friendly and easy to work with.’
You'll find affordable function rooms in various sizes, from smaller spots to larger venues; keep in mind that the type of space and your chosen layout will affect the capacity! Below you can see the typical venue sizes in Chicago, together with the standard prices in each size range, based on Tagvenue data (December 2025):
| Small | up to 30 guests | prices average $66 hire fee per hour |
| Medium | between 50 and 80 guests | prices average $173 hire fee per hour |
| Large | over 105 guests | prices average $500 hire fee per hour |
These are the venues within 0.8 mi from central Chicago, available to book on Tagvenue:
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Chicago River Ballroom at Embassy Suites Chicago Downtown
on 511 North Columbus Drive - 0.4 mi from center.
Venue said: The spacious prefunction space surrounds the ballroom, serving as the ideal space for receptions or exhibit space. Private restrooms are also located on the ML level. -
The Event Hall at One East Wacker
on 1 East Wacker Drive Floor 2 - 0.5 mi from center.
Our user said: ‘The space was perfect, beautiful, and easy accessible.’ -
Conference / Meeting Room 1 at Hub116
on 116 West Hubbard Street - 0.8 mi from center.
Our user said: ‘Good venue for what we needed.’
To secure your function room, aim to book 2-3 months in advance, particularly for weekends or busy seasons. For smaller gatherings in popular areas, you might find availability closer to the date. Booking early on Tagvenue helps ensure you get the best options at the right price, no matter the size or location of your event.
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Page last updated in December 2025
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