Chicago on a Budget

See summer shows on the cheap

Lollapalooza isn’t Chicago’s only music festival. In fact, in summer it seems there’s one or more every week (pick up a copy of Red Eye or Time Out to get the lowdown).

Street fests almost always feature live music, and admission is just a few bucks.

For both big-name and local acts, pack a picnic and head to the lawn at Ravinia. You can bring your own beer and wine and listen to music under the stars for around $10.

Grant Park also hosts free concerts several nights a week.

Bring your own

Chicago’s liquor laws allow restaurants to offer BYO (bring-your-own) service. With hundreds of BYO restaurants to choose from, serving all varieties of cuisine in every corner of the city, there’s no reason not to take advantage and save yourself a few bucks.

Some restaurants charge a nominal “corkage fee” for your beer or wine, but you’ll still save considerably when you bring your own. For more info, check out 10 Spots in Chicago for BYOB Dining.

Ride the El

You can reach most attractions in the downtown area by foot, but to explore Chicago’s many diverse neighborhoods, you’ll need some sort of transportation.

Cab fares add up and parking is virtually impossible in many areas, so cut costs by riding the El, the city’s elevated train (which actually runs underground in parts). Single rides are $2.25 and day- and week-long passes are a great deal.

Riding the El is not only cheap, but watching the city go by from the elevated tracks is also a quintessential Chicago experience.

Forgo a full dinner

Chicago is home to some of the most celebrated restaurants in the country — many of which require you to order an expensive tasting menu of four to upwards of twelve courses. Save money by skipping the multi-course menu in the dining room and instead ordering a la carte at the bar.

If you’re absolutely committed to dining on fancy fish at L2O, for example, you can opt out of the $110-per person, four-course meal and order small plates for $10-20 each in the lounge.

Likewise, if you can’t splurge on a several hundred dollar meal at Tru, you can try a cheaper sampling of dishes in the bar, or book a “dessert-only” tasting for around $50 per person.

Save your shopping for neighborhood boutiques

Shopping at the designer stores on Michigan Avenue is a dream for many tourists. Paying off the credit card bill afterward, however, will be a nightmare.

Add in the fact that the influx of lower-cost chains like Forever 21 and H&M is taking some of the luster away from the experience, and shopping on the “Magnificent Mile” is no longer all that appealing.

For unique and affordable duds, check out the independent boutiques in Wicker Park, Bucktown, Lincoln Park, and Lakeview. You’ll find one-of-a-kind pieces that’ll impress your friends back home — without spending a fortune.

Pay less to ride the river

An architectural cruise along the Chicago River is a great way to learn about the city’s many notable buildings. But it ain’t cheap.

Instead, take a more budget-friendly ride on the water taxi that runs from Michigan Avenue to Chinatown. These go for just two bucks and pass many of the city’s most famous structures.

Score free admission

If you’re planning a visit to one of Chicago’s many museums, check each one’s website for a list of free-admission days scattered throughout the year.

The Chicago Art Institute offers free admission after 5pm on Thursday and Friday, and the Museum of Contemporary Art is free each Tuesday.

The Lincoln Park Zoo is free every day.

Community Connection

Looking for other Matador community members in Chicago to connect with? Search for them in our destination pages.

And for all you cheapies out there, make sure not to miss these guides:

8 Ways to Save Money on a U.S. Cross-Country Road Trip

Seattle on the Cheap: 7 Tips to Save Cash in the Emerald City

Big Sky Country on a Small-Time Budget

The Best of Ireland on a Budget

Berlin on the Cheap