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Top Cheap Party Venues in Chicago, IL
Partying in Chicago on a budget and looking for a cheap venue for your event? We’ve got great news for you! The city is filled with great spaces for any celebration and any wallet. Whether you’re looking for a lively bar in the North Side, a versatile event space in the Loop or a fantastic restaurant in the South Side, there are hidden gems all around the city. Just scroll through our selection of cheap party venues in Chicago and find the perfect deal within minutes!
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![The Event Space at Uptown Taproom in Uptown, Chicago, IL]()
from $250
hire fee / per dayCheck availabilityThe Event Space
50 guestsUptown TaproomUptown, Chicago, IL
#Supervenue
EEmily M.
“Our party at Uptown Taproom worked out great! Very affordable, friendly staff, and our guests loved the food. ” -
![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
BBlanca A.
“Everyone had a wonderful time, and I will rebook for my next party. ” -
![The Clybourn at iO Theater in Near North Side, Chicago, IL]()
from $2500
minimum spend / per sessionCheck availabilityThe Clybourn
4350 guestsiO TheaterNear North Side, Chicago, ILMMelissa L.
“Their event space was perfect for my web/tablet/board gaming party with 130 guests. ” -
![First Floor at The Dandy Crown in West Town, Chicago, IL]()
from $1650
minimum spend / per sessionCheck availabilityFirst Floor
40 guestsThe Dandy CrownWest Town, Chicago, ILSSusi B.
“It was an ideal party space for our birthday event for 21 people. ” -
![Private Party Room at Barcocina Lakeview / Lincoln Park in Lakeview, Chicago, IL]()
from $35
per person / per sessionCheck availabilityPrivate Party Room
75 guestsBarcocina Lakeview / Lincoln ParkLakeview, Chicago, IL
#Supervenue
DDeborah W.
“Great venue! Food was delicious! Service was great and the staff I worked with to plan my event were fabulous! ” -
![Entire Venue at Claddagh Ring Pub in Ravenswood, Chicago, IL]()
from $150
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. ” -
![Halsted Space at Blackall Events in Lincoln Park, Chicago, IL]()
from $250
hire fee / per hourCheck availabilityHalsted Space
80 guestsBlackall EventsLincoln Park, Chicago, ILMMaura S.
“Location was perfect for my event. (DePaul grad party). Appreciated on site venue coordinator Heather. ” -
![Bootleg at Everything Bar in West Town, Chicago, IL]()
from $750
minimum spend / per dayCheck availabilityBootleg
50 guestsEverything BarWest Town, Chicago, IL
#Supervenue
BBri S.
“The venue was so cool and was the perfect place for my birthday party. ” -
![Event Space at Hangout Lighting in West Town, Chicago, IL]()
from $2900
minimum spend / per sessionCheck availabilityEvent Space
150 guestsHangout LightingWest Town, Chicago, ILRRija R.
“Loved the open space layout! Kids could run around. Natural lighting was beautiful ” -
![Private Space Within Venue at Clara Chicago in Wicker Park, Chicago, IL]()
from $600
minimum spend / per dayCheck availabilityPrivate Space Within Venue
60 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! ” -
![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
JJack W.
“The upstairs private room was perfect for my wife's 30th birthday party! ” -
![Entire Venue at Centre Court Productions in West Loop, Chicago, IL]()
from $350
hire fee / per hourCheck availabilityEntire Venue
125 guestsCentre Court ProductionsWest Loop, Chicago, ILAAudra D.
“The guests had plenty to do in the space. Annabelle was extremely helpful in making the party our own. ”
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FAQs about Top Cheap Party Venues in Chicago, IL
No matter what kind of party you’re planning, you can find somewhere fantastic and affordable in the Windy City. Dance studios, art studios, community halls, libraries other public spaces are usually blank canvas spaces which means you’ll be able to decorate them however you wish to. In case privacy is very important for you, check out the city’s private rooms. It is also possible to find great BYOB event spaces, so don’t hesitate to have a look at them as well.
Prices for renting a party venue in Chicago range depending on the place’s location, type and size. A lot of places offer special packages in which prices range between $16 and $92 per person. It is also possible to rent the whole place and pay a rental fee - rates vary from $200 to $5000 per session. In case you need a venue for just a few hours, prices start at $30 and can get up to $150 per hour. (All data from Tagvenue.)
Depending on the venue, rental services might include different types of amenities. Some places might offer in-house catering or staff service, while others will require you organize that on your own. If you’re unsure about the services your chosen venue provides, contact the venue manager to resolve your doubts.
It doesn’t matter where you go, you can find affordable gems in each corner of the city. Find cheap versatile event spaces are Lakeview, South Shore or River North. We recommend you also have a look around West Loop for charming restaurants and vibrant bars that won’t break the bank.
Your Guide to Renting Cheap Party Venues in Chicago, IL
Throwing a party in Chicago on a budget? You’re in luck. From laid-back bars in Lakeview to affordable private rooms in The Loop, Chicago’s full of great-value venues that won’t drain your wallet.
Where to Find Budget-Friendly Venues in Chicago
- North Side – Dive bars and casual hangouts perfect for birthday parties or sports nights. Top Pick: Uptown Taproom – North Side
- South Side – Great for family-style events or community gatherings in restaurant backrooms or banquet spaces. Top Pick: Studio15 – South Side
- West Side – Warehouse-style venues and flexible lofts in neighborhoods like Pilsen and Humboldt Park. Top Pick: NYCH Art Gallery – West Side
- The Loop – Smaller venues available for off-peak deals—ideal for weekday or lunchtime celebrations. Top Pick: One East Wacker – The Loop
- Chicago Suburbs – Lower rental rates and more BYOB options, with room for larger crowds. Top Pick: The Mirage Banquets – Chicago Suburbs
How to Throw a Great Party on a Budget
Stick to a Smart Guest List
More guests = more cost. Keep it tight with the people who matter most, and size your venue accordingly. Booking a space that’s too big means paying for empty seats.
Choose the Right Venue Size
Small to mid-sized venues (for 20–40 guests) are usually the best value. Ask about minimum spend or flat fees—some venues let you use the space for free if you hit a bar tab minimum.
BYOB (and BYO Food if Possible)
Many affordable venues in Chicago allow you to bring your own alcohol and food. Always double-check for corkage fees or outside catering policies. Some will let you skip the in-house catering charge entirely.
Try Weekday or Off-Peak Hours
Weekend nights are premium. Shift your celebration to a Thursday evening or Sunday brunch for better rates and more venue availability.
Consider Package Deals
Some venues offer per-person pricing that bundles food, drinks, and rental. It’s not always the cheapest option, but it simplifies planning and avoids surprise costs.
Cost-Saving Tips That Actually Work
- Potluck-style parties – Ask guests to each bring a dish. Share a sign-up sheet to avoid duplicates.
- DIY playlists – Ditch the DJ. Create a long playlist and stream it through the venue’s speakers or bring your own Bluetooth setup.
- Simple decor – Reuse what you already have, borrow from friends, or stick to impact items like string lights and centerpieces.
- Negotiate rates – Especially for off-season dates or smaller groups. Many venues are more flexible than you think.
Fun Budget Party Spots in Chicago
- Claddagh Ring Pub – Ravenswood
Flat hire fee of $75/hour, private room available, casual setup near Lakeview. - Pancho’s Rooftop & Cantina – Theatre District
Rooftop venue with skyline views, $1,000 minimum spend per session. - Candlelite Chicago Lincoln Park – Near North Side
Private dining with buffet-style options, $30 per person. - The Long Hall – Logan Square
Studio loft setup, DIY-friendly, $150/hour hire fee.
Small Venues In Chicago Suitable For Budget Parties
Chicago has plenty of small venues that are great for budget-friendly parties, especially if you're planning something intimate like a birthday, baby shower, or casual get-together.
- Venue 3539 – Irving Park Seats 50 | From $89/hr
Affordable and compact, this venue works well for low-key celebrations with your own food and drinks. - Popup Chicago – Logan Square Seats 25 | From $100/hr
A creative blank canvas ideal for personalizing on a small budget—perfect for DIY setups. - Windy City Coworking – Albany Park Seats 24 | From $30/hr
A quiet, affordable option for small private events or meetings with minimal setup. - Tom Robinson Studio – West Town Seats 21 | From $100/hr
A cozy, gallery-style space that’s easy to decorate and ideal for artful, intimate parties.
Do Party Venues In Chicago Offer BYO Options To Reduce Costs?
BYO-friendly venues typically allow you to bring your own food, drinks, or both—cutting out catering markups and letting you stick to your own budget and tastes.
You’ll often find BYO options in:
- Lofts and gallery spaces
- Community-style event spaces
- Smaller neighborhood venues
- Banquet halls in the suburbs
You don’t need a big budget to host a party that people remember. Use Tagvenue to find affordable venues in every corner of Chicago and book a space that suits your style and your wallet.
