Hostelling International's Chicago location has consistently been named the best hostel in the city. Everything is kept clean, and though the rooms are shared, there's still plenty of room for each guest. There are movie rooms and lounges with free wi-fi for when you want to unwind. The hostel offers discounts to some museums and attractions and free guided tours of the city.
One drawback is the size. There are more than 500 beds here. If you want a more personal place, you may want to look elsewhere. All ages are welcome.
The location is unbeatable: the southern Loop just a block from Grant Park and the L.
Address: 24 East Congress Parkway
Rates: Rates start at $29/night.