The cost of banquet halls averages around $55 per person. 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 $32 | to $69 | per person |
| From $150 | to $250 | hire fee per hour |
| From $1500 | to $10000 | minimum spend per event |
Based on the popularity and user ratings on Tagvenue (updated September 2026), the best options include:
Entire Venue at Claddagh Ring Pub
in Ravenswood - rated 4.9/5
Our user said: ‘There was no cost to booking the party room and the staff and drinks was amazing.’
The Clybourn at iO Theater
in Near North Side - rated 4.9/5
Our user said: ‘The space was perfect for our event, and everything went beautifully.’
Entire Venue at Centre Court Productions
in West Loop - rated 4.7/5
Our user said: ‘This venue was perfect for my daughter's high school graduation party!’
You'll find banquet halls 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 (September 2026):
| Small | up to 100 guests | prices average $150 hire fee per hour |
| Medium | between 175 and 250 guests | prices average $250 hire fee per hour |
| Large | over 270 guests | prices average $6615 minimum spend per event |
Smaller banquet halls usually fit up to 100 guests seated. Here are some great options in Chicago, based on Tagvenue data as of September 2026:
Small Banquet Hall at Grand Duke's Restaurant - banqueting hall for 35 guests
Venue said: The small banquet hall at Grand Duke's Restaurant offers an intimate yet elegant space ideal for hosting private events of up to 35 guests. The hall is tastefully decorated with soft lighting, neutral tones, and detailed...
Downstairs hall at Johnson-Phelps VFW Banquet Hall - banqueting hall for 70 guests
Venue said: Catering in this room can be arranged buffet-style or family-style. There is also a smaller hall in the basement, which can host up to 70 guests and is accessible by stairs or elevator.
Clubhouse at Dining Solutions - event space for 80 guests
Venue said: Features: The Clubhouse has abundant natural light from multiple arched windows, a step-free guest entrance and accessible toilets. Padded banquet chairs and round tables are provided and adjustable track lighting allows...
Banquet halls come in all shapes and sizes, so whatever event you’re organizing, you’ll be able to find a banquet hall perfect for you. The most popular occasions include wedding receptions, corporate events, charity galas, and graduation ceremonies. Private events, such as birthdays or anniversary parties, can also be hosted in banquet halls. Banquet halls are great for corporate events as well.
Chicago is full of beautiful and functional venues everywhere you go, but we have our favorite spots. The relaxed atmosphere and amazing views of Lake View will wow your party guests. Are converted warehouses and an artsy vibe something you’re looking for? Then head to the River North. If you’re organizing a dining event, then West Loop is your place to go, as it’s a known spot among all the foodies.
Page last updated in September 2026
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