Affordable Cocktails in Chicago’s Bars and Restaurants
In Chicago, the escalating costs of cocktails have led many to question when a basic drink started requiring a $17 commitment. Despite growing menu prices, certain bars and restaurants continue to offer mixed drinks at prices that remain accessible and appealing. Whether you prefer a $7 margarita, a $10 negroni, or a reasonably priced martini, these establishments manage to keep their offerings affordable without compromising on quality. Importantly, these deals are available all day and are part of the regular menu, not just restricted to a happy hour. The selection spans neighborhood dives, historic taverns, family-friendly pubs, and even one of North America’s top-rated cocktail bars—each providing drinks at prices well below Chicago’s current norm.
240 Lounge
240 Lounge caters to those seeking an affordable night out complete with a UFC fight, pool table, and cocktails under $10. Located in Albany Park, this sports bar stands out for maintaining low prices, with cocktails generally priced from $7.50 to $8. Offerings include a whiskey sour, Crown Royal peach sunrise, and an $8 seasonal mojito, with micheladas costing $10 and the Brazilian old-fashioned priced at $9. Situated near Lawrence Fish Market, this bar attracts regulars with its friendly service and budget-conscious drink menu. Facebook
Belmont Tavern
Belmont Tavern, having reopened its doors after 25 years of inactivity, has become a local fixture with uniformly priced $12 cocktails. Located in Avondale, the bar features vintage furnishings, church pew seating, and restored architectural accents. Its menu offers 26 cocktails organized by type, ranging from familiar favorites to inventive house creations such as Freshly Mowed Lawn and the Unclarified Milk Punch. Website
Cove Lounge
Cove Lounge serves as a lively Hyde Park dive bar near the University of Chicago, a longtime favorite among locals and students. The main room is anchored by a mahogany bar, while a side area features games and a mural of Barack Obama and the Chicago skyline. Classic cocktails such as old-fashioned and Manhattan are priced at $10, with house “Cove-tails” available for $12. Instagram
Esmeralda’s Lounge
Esmeralda’s Lounge offers a tropical escape in Humboldt Park, blending Caribbean flavors with tiki-style cocktails in a laid-back environment open until late. The menu includes frozen cocktails at $8 and classics like margaritas and mojitos at $10. More spirit-forward drinks, including caipirinhas and old-fashioneds, max out at $12. Website
Gideon Welles
Just across from Welles Park, Gideon Welles in Lincoln Square provides family-friendly dining with cocktails ranging from $10 to $13. Choices at the $10 price point include a house Manhattan and a picante margarita, alongside a variety of mule drinks. Website
Gus’ Sip & Dip
Named one of North America’s 50 Best Bars, Gus’ Sip & Dip in River North maintains accessible pricing with cocktails set at $12. The tavern-style venue hosts an array of 30 cocktails including margaritas, mojitos, and daiquiris, ensuring each drink remains financially attainable. Website
Mac’s Wood Grilled
Mac’s Wood Grilled operates within the former Schlitz Brewery Tied House, offering budget-friendly drinks such as $5 bloody marys and $6 seasonal mules. The establishment features two patios, numerous TVs, and a menu focused on American comfort food. Website
Taquería Primo Chuki’s Uptown
Taqueria Primo Chukis Uptown provides an extensive selection of cocktails under $10. With prices starting at $7.99 for red sangria, the menu includes fruit-forward mezcalitas and flavored margaritas, ensuring diverse options for patrons. Website
The Radicle
Opened recently in Logan Square, The Radicle features creative cocktails with Italian aperitivo riffs and unique infusions. Drinks like Indecent Locals and Birdwatching in Milan are priced at $10, while others offer whimsical ingredients for $12. Website
Roost Chicken & Biscuits
Roost Chicken & Biscuits in Roscoe Village offers some of the list’s most economical cocktails at $7. Options include bourbon-spiked peach tea, as well as $10 boozy shakes. The River West location offers the same food menu, minus alcoholic beverages. Website
Wil’s Martini Lounge
Wil’s Martini Lounge in Andersonville, opened in 2025, caters to the LGBTQ+ community with an array of martinis priced between $11 to $13. The menu includes other cocktails and mocktails, making it a versatile choice for varied preferences. Instagram
Authored by Eva Remijan-Toba, a freelance writer.