Hotel Venues for Rent in Chicago, IL

The cost of hotel venues averages around $250 hire fee per event. 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:

Based on the popularity and user ratings on Tagvenue (updated October 2026), the best options include:

• Meeting Room 1&2 at Hyatt Place Chicago South in Hyde Park - rated 5/5
  Our user said: ‘I liked everything about the venue. Everything was all set up when we arrived.’

• Chicago River Ballroom at Embassy Suites Chicago Downtown in Streeterville - rated 4.9/5
  Venue said: Located on the ML floor of the hotel, this room can be divisable into seven different breakouts, making it perfect for corporate meetings and socal events.

• Aspire AB at Eurostars Magnificent Mile in River North - rated 4.8/5
  Our user said: ‘The building is very close to the Mag MIle, food, and the sites of Chicago.’

You'll find hotel venues 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 (October 2026):

These are the venues within 0.8 mi from central Chicago, available to book on Tagvenue:

• Chicago River Ballroom at Embassy Suites Chicago Downtown on 511 North Columbus Drive - 0.4 mi from center.
  Venue said: Located on the ML floor of the hotel, this room can be divisable into seven different breakouts, making it perfect for corporate meetings and socal events.
• Sky Terrace Rooftop at The Ivy Hotel on 233 East Ontario Street - 0.6 mi from center.
  Venue said: The Ivy Hotel not only promises a stay but an experience, where residential-level opulence meets the pinnacle of hospitality, defining what it truly means to live 'the high life' in Chicago.
• Adams Meeting Room at Club Quarters Hotel, Chicago, Central Loop on 111 West Adams Street - 0.8 mi from center.
  Venue said: Venue highlights: The hotel provides in-house catering and event-friendly amenities such as lift access to all floors and an accessible parking spot, simplifying logistics for private hires.

Smaller hotel venues usually fit up to 50 guests seated. Here are some great options in Chicago, based on Tagvenue data as of October 2026:

• VIP Room at Godfrey Hotel Chicago - meeting room for 15 guests
  Venue said: The hotel features two key rental areas: the Truss Meeting Room and the VIP Room. These spaces are ideal for hosting business meetings, small conferences, or private events, providing a professional yet sophisticated environment.

• Executive Board Room at Hyatt Place Chicago South, rated 5/5 - boardroom for 12 guests
  Venue said: Additionally, exceptional lunch choices are available in the vicinity. Our hotel is conveniently located on 53rd Street in Hyde Park, positioned just north of the University of Chicago campus and in close proximity to the...

• Boardroom at SpringHill Suites Chicago Chinatown, rated 5/5 - boardroom for 13 guests
  Venue said: Private parking in an adjacent garage adds convenience, with access facilitated using room keys provided by the hotel. Whether visiting for business at nearby conventions or exploring iconic landmarks like Grant Park, guests...

Cheap hotel venues in Chicago start from $40 per person or $500 hire fee per day. Check out these budget-friendly spaces you can book through Tagvenue, as of October 2026:

• Burroughs at The Emily Hotel, from $42 per person (up to 150 guests seated)
  Venue said: The Emily Hotel is a warehouse‑chic boutique hotel that pairs minimalist guest rooms with a bright, cafe‑centred lobby and an on‑site restaurant.

• VIP Room at Godfrey Hotel Chicago, from $500 hire fee per day (up to 15 guests seated)
  Venue said: The hotel features two key rental areas: the Truss Meeting Room and the VIP Room. These spaces are ideal for hosting business meetings, small conferences, or private events, providing a professional yet sophisticated environment.

• Rock River at Embassy Suites Chicago Downtown, from $800 minimum spend per event (up to 55 guests seated)
  Venue said: The Rock River room is 826 square feet and located on the meeting level of the hotel which can be accessed from the ground level via elevator. The meeting level is a separate, private level away from the hotel lobby and public...

The Near North Side, particularly around Streeterville and River North, offers luxurious options like the Embassy Suites Chicago Downtown and Eurostars Magnificent Mile, close to the city's top attractions. The Loop is another prime area, home to venues like the Club Quarters Hotel, ideal for business events with easy access to public transportation and cultural landmarks. The Gold Coast, known for its historic charm and upscale environment, has elegant hotel venues perfect for sophisticated gatherings and weddings.

You can rent hotel ballrooms or boutique hotels with private meeting rooms. Options include large conference centers that host hundreds of guests, as seen with venues like Georgios Banquets, to smaller, more specialized spaces catering to business meetings and private events.

Make sure the venue can accommodate your expected number of guests comfortably, with options for seating and standing arrangements as needed. Check for additional amenities like catering, parking, and AV support. Lastly, compare prices, including potential additional costs, to stay within your budget.