The Drake prices, month by month
Plan a stay at The Drake for January and you will usually pay the least: about €131 a night. February is nearly as cheap as January. In June expect around €386 instead.
Over the year a night here averages €226, about 22% more than the typical hotel in Chicago (IL). Of the 148 hotels we track in Chicago (IL), only 39% cost more.
- Cheapest month
- January €131
- Most expensive month
- June €386
- Average night (12 months)
- €226
- Cheapest night found
- €126 (16 January 2027)
- vs. typical hotel in Chicago (IL)
- +22%
The Drake: nightly price by month
- Cheapest month: January, about €131 a night on average
- Most expensive month: June, about €386 a night on average
- Lowest price we found: €126 for the night of 16 January 2027
- Saturday nights cost about 33% more than Tuesday nights
Pick a month to check today's price for its cheapest date.
Averages of real one-night prices for two adults on Agoda, a Tuesday and a Saturday in each month, last checked 21 October 2026. In euros; the final price is shown before you book.
Month by month
| Month | Average | Tuesday | Saturday | Lowest | Typical hotel in Chicago (IL) | Difference |
|---|---|---|---|---|---|---|
| November | €212 | €167 | €257 | €167 (10 November) | €179 | +18% |
| December | €172 | €153 | €192 | €153 (15 December) | €137 | +26% |
| January | €131 | €135 | €126 | €126 (16 January 2027) | €130 | +1% |
| February | €134 | €133 | €134 | €133 (9 February 2027) | €137 | −2% |
| March | €213 | €138 | €288 | €138 (9 March 2027) | €166 | +28% |
| April | €185 | €182 | €189 | €182 (13 April 2027) | €182 | +2% |
| May | €218 | €218 | – | €218 (11 May 2027) | €204 | +7% |
| June | €386 | €386 | – | €386 (15 June 2027) | €252 | +53% |
| July | €320 | €320 | – | €320 (13 July 2027) | €243 | +32% |
| August | €293 | €243 | €342 | €243 (10 August 2027) | €228 | +29% |
Average of one-night stays for two adults, in euros. Difference: this hotel against the typical hotel in Chicago (IL) in the same month. –: no price found for that day in that month.
Cheapest dates to stay
The cheapest night we found was €126, checking in on 16 January 2027. Against other hotels in Chicago (IL), February is the best-value month here: it costs 2% less than the typical hotel.
Weekend or weekday?
Saturday nights cost about 33% more than Tuesdays here, so staying midweek is the easiest way to save.
Prices at hotels nearby
Hotels within 2.5 km whose prices we also check: what they cost in January and on average across the year.
-
The Drake ★★★★€131year avg €226 -
Millennium Hotel Knickerbocker Chicago prices by month ★★★★ · 8.3 · 80 m · cheapest in December · compare€93year avg €197 -
Hilton Chicago/Magnificent Mile Suites prices by month ★★★ · 8.4 · 130 m · cheapest in January · compare€124year avg €226 -
Sofitel Chicago Magnificent Mile prices by month ★★★★½ · 9.4 · 360 m · cheapest in January€173year avg €360 -
The Chicago Hotel Collection Magnificent Mile prices by month ★★★★ · 7.4 · 500 m · cheapest in January€127year avg €241 -
Warwick Allerton Hotel Chicago prices by month ★★★★ · 8.1 · 570 m · cheapest in January€105year avg €248 -
Riu Plaza Chicago prices by month ★★★★ · 9.3 · 740 m · cheapest in January€109year avg €210
The Drake prices: FAQs
When is The Drake cheapest?
In January, at about €131 a night on average. February comes close.
What is the most expensive month at The Drake?
June, at around €386 a night.
What is the price per night at The Drake?
About €226 on average over the year, from €131 to €386 depending on the month. The lowest we found was €126.
Is The Drake more expensive at weekends?
Yes. A Saturday night costs about 33% more than a Tuesday.
Is The Drake expensive for Chicago (IL)?
Yes, it is above the local average: €226 a night over the year, about 22% more than the typical hotel in Chicago (IL).
Where do these prices come from?
We ask Agoda for the price of a one-night stay for two adults on a Tuesday and a Saturday in each of the next twelve months, and repeat the check every two to three weeks. Monthly figures are averages of those nights, in euros, last checked 21 October 2026. Taxes and fees can differ between booking sites; the final price is always shown before you book.