Graduation Party Venues for Rent in Chicago, IL

The final price will depend on such factors as the venue’s capacity, location, popularity and your personal requirements. But generally, expect to pay anywhere from $35 to $90+ per person for an event package. It is also possible to rent a venue on the basis of a minimum spend, with prices ranging from $500 to $2500+. Hourly fees start from as low as $50. (All data from Tagvenue.com.)

It is advisable to book your small graduation party venue in Chicago at least four to six months in advance. This will give you plenty of time to choose the right venue, secure a date, and make any necessary arrangements.

Here are some tips for booking your small graduation party venue in Chicago early:

• Start planning early: The sooner you start planning, the sooner you can book your venue. Popular venues like The Dandy Crown or Main Dining at Russell's Barbecue usually get booked up first!
• Consider multiple venues: Don't just book the first venue you find. Take some time to research different venues and compare prices.
• Be flexible with your date and time: If you are flexible with your date and time, you will have more options.
• Consider booking a weekday or off-peak time: Venues are often less expensive during these times.

In the spring and summer months, many venues are booked in advance. If you wait until the last minute, you may find that your preferred venue is already unavailable. By booking your small party space in Chicago early, you can avoid disappointment and ensure that you have the perfect venue for your celebration!

Truthfully, you can find fantastic spaces all over Chicago! And we generally recommend looking within your living area, as it’ll be more convenient for your guests. However, if we were to choose, we’d check out the areas of West Loop, River North and Greek Town. These areas offer a wide range of bars, restaurants and blank canvas spaces with fantastic decor and ambience that work well with the feel of graduation parties.

Here are three top areas to consider:

• Wicker Park - Graduates often choose Wicker Park for its youthful energy and affordable event spaces. You'll find a variety of cozy venues, bars, and restaurants that offer budget-friendly options for hosting your graduation party. Plus, the neighborhood's artistic flair adds a unique touch to your celebration.
• Lakeview - This area is another popular choice for graduation parties due to its reachability and diverse venue options. You can find many cheap event spaces in this neighborhood, including cocktail party spots and restaurants. Additionally, its proximity to the lakefront offers beautiful outdoor settings, just as the Back Patio at El Nuevo Mexicano Restaurant, for those seeking an open-air celebration.
• Logan Square - Graduates are drawn to Logan Square for its affordable and unique event venues. This neighborhood offers vintage theaters, event halls, and budget-friendly restaurants where you can host a great graduation party. Its artistic vibe and local charm guarantee an inviting setting for your celebration.
• West Loop - This area is rapidly becoming a hub for culinary innovation and nightlife. Party spots in the West Loop offer a lively atmosphere and trendy décor, making them perfect for graduation parties with a modern flair.

• Set a Budget and a Date: Before diving into the planning process, it's crucial to establish a budget and a tentative date for your graduation party. This will help you narrow down your venue options, caterer choices, and overall event expenses. 
• Choose a Venue: Select a venue that fits your desired atmosphere, guest count, and budget. Consider venues like cozy restaurants, elegant rooftop bars, or charming garden spaces.
• Plan the Menu: Work with a caterer or prepare the food yourself to create a menu that aligns with your graduation theme and guest preferences. Consider finger foods, light bites, or a full-fledged meal depending on the duration and vibe of your event.
• Decorations and Atmosphere: Set the mood for your graduation party with colorful decorations. Use balloons, banners, tablecloths, and centerpieces to create a festive and inviting aura.
• Entertainment: Enliven your graduation party with music, dancing, or other engaging activities. Hire a DJ, a band, or a karaoke machine to keep the energy high.
• Photography and Videography: Capture the precious moments of your graduation celebration by hiring a photographer or videographer.
• Enjoy the Celebration: Last but not least, relax and enjoy your graduation party. Celebrate your achievements, reminisce about the past, and create new memories that will last a lifetime.