The cost of function rooms averages around $140 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 Chicagoland, based on Tagvenue data:
| From $85 | to $250 | hire fee per hour |
| From $1000 | to $2500 | minimum spend per event |
| From $25 | to $49 | per person |
You'll find 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 Chicagoland, together with the standard prices in each size range, based on Tagvenue data (September 2026):
| Small | up to 35 guests | prices average $100 hire fee per hour |
| Medium | between 50 and 80 guests | prices average $150 hire fee per hour |
| Large | over 115 guests | prices average $250 hire fee per hour |
Smaller function rooms usually fit up to 35 guests standing. Here are some great options in Chicagoland, based on Tagvenue data as of September 2026:
Function Room at Sai Cafe Sushi - function room for 20 guests
Venue said: We offer private, semi-private dining options, special event buy-outs and off-site catering. Our team will work closely with you to customize the perfect menu and offerings for your upcoming birthday party, wedding shower,
Engine Room at Firehouse Grill, rated 5/5 - function room for 35 guests
Venue said: This room is a great space for parties, showers, weddings and family get togethers! Located on the first floor of our restaurant, this semi private space can host seated meals for 25 guests or cocktail style events up to...
Blue Classroom at iO Theater, rated 4.9/5 - training room for 25 guests
Our user said: ‘The venue was even more spacious than I expected and plenty of bars to accommodate my guests.’
Cheap function rooms in Chicagoland start from $20 per person or $500 minimum spend per event. Check out these budget-friendly spaces you can book through Tagvenue, as of September 2026:
Trophy Room at Draft Picks - Mt. Prospect, from $23 per person
(up to 50 guests standing)
Venue said: What sets it apart: A private, fully stocked bar inside the room provides independent bar service for events. What guests say: The space has a lively, family-friendly atmosphere and plentiful screens for watching sports.
Station #2 at Firehouse Grill, from $500 minimum spend per event
(up to 175 guests standing)
Venue said: Station #2 is located on the 2nd floor of our restaurant and can host seated dinners for 100 guests or cocktail style/partially seated events up to 175.
Invent at Eurostars Magnificent Mile, from $400 hire fee per event
(up to 12 guests seated)
Our user said: ‘The price and the location were worth far more than we paid.’
Page last updated in September 2026
To provide you with relevant information, our pages are refreshed using an algorithm that aggregates real-time data, including bookings, reviews, and venue updates.