I'm going to ramble here because that's what I do.
The 151 bus stops right in front of the station and has very frequent service.
There are any number of hotels along the bus route along Michigan Ave aka The Magnificent Mile.
Booking.com and Hotels.com are a great way to find hotels.
Also, what do you consider a 'reasonable' price? To me, $200 is a decent price and more than reasonable.
The Holiday Inn mentioned would not be a choice for me because of the ugly location, hotel type, and price.
For almost $200,I'd rather be near Michigan Ave. in a much nicer hotel.
They do seem to care about their guests though, and answer all of the reviews that people post on Tripadvisor.
The 151 bus stops right in front of the beautiful, historic Drake hotel right on Michigan Ave at the lakefront.
The rate for the ugly Holiday Inn on 8/6 is $186, the Drake is $209 and there's absolutely no comparison.