Affordable Stays: Top Lisbon Cheap Hotels You Can't Miss

We checked thousands of reviews on and to find the best hotels for your stay
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Nicolas Desjardins

Updated: 26 January 2025 · 6 min

Lisbon is a city brimming with rich history, stunning architecture, and delicious cuisine. For travelers looking to explore this enchanting destination without breaking the bank, finding the right accommodations is essential. Luckily, Lisbon offers a variety of cheap hotels that provide comfort and convenience, allowing you to immerse yourself in the city's charm while keeping your wallet happy.

When searching for great budget-friendly options, consider neighborhoods like Alfama and Bairro Alto, where you can find cozy lodgings filled with character. Many of these cheap hotels also offer easy access to major attractions, such as the iconic Belém Tower and the picturesque streets of Chiado. By choosing these affordable stays, you can save money for indulging in traditional Portuguese dishes and local experiences, creating lasting memories throughout your visit.

Moreover, Lisbon's inexpensive hotels often feature amenities that enhance your stay, such as complimentary breakfast or free Wi-Fi. This allows you to enjoy a hassle-free experience while staying connected and well-fueled for your adventurous days. With a wealth of affordable options available, discovering the best Lisbon cheap hotels ensures that you can soak in the sights, sounds, and flavors of this captivating city without overspending.
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Our Top 10

(Sorted by rating & number of reviews)

1. Lisbon Lounge Hostel
2. The Independente Suites & Terrace
3. Lisboa Central Hostel
4. Vila Nova Guesthouse
5. A Casa Do Bairro Villa
6. Home Lisbon Hostel
7. Hotel Gat Rossio
8. Pensao Nova Goa Hotel
9. My Story Hotel Tejo
10. Hotel Avenida Park

Central Lisbon Cheap Hotels

Check Availability

Lisbon
Mar 24, 2026 - Mar 25, 2026

Lisbon Lounge Hostel

8.9

Good

(1466 Reviews)

+ 78 photos
Lisbon Lounge Hostel is a popular choice for budget-conscious backpackers who value a vibrant community atmosphere. This hostel boasts stylishly decorated shared dorms and private rooms, making it suitable for solo travelers and groups alike. Guests can enjoy amenities such as free breakfast, a fully equipped kitchen, and common areas perfect for socializing and exchanging travel stories. Located close to Rossio Square, the hostel provides easy access to Lisbon's main attractions. With its blend of modern comforts and backpacking spirit, Lisbon Lounge Hostel is a prime example of Lisbon cheap hotels that cater to younger travelers. Your stay here guarantees an enriching, communal experience in the heart of the city.
Address: R. De Sao Nicolau, 41
Rating: Good 8.9 (1466 Reviews)
Rooms: 38
Price: From 34$

The Independente Suites & Terrace

8.7

Good

(247 Reviews)

+ 109 photos
The Independente Suites & Terrace is a stylish yet budget-friendly accommodation situated in the dynamic neighborhood of Príncipe Real. Each suite is designed with a mixture of vintage and contemporary styles, offering a unique atmosphere that enhances the lodging experience. Families and groups will find spacious rooms with beautiful views of the city, plus a shared terrace perfect for enjoying Lisbon’s sunsets. The hotel’s bar and kitchen promote a convivial atmosphere, where guests can mingle and experience local flavors together. By blending comfort, creativity, and affordability, The Independente represents the ideal choice among Lisbon cheap hotels with character. Guests constantly rave about the unique ambiance and excellent service offered here.
Address: Rua Sao Pedro De Alcantara, 83
Rating: Good 8.7 (247 Reviews)
Rooms: 18
Price: From 22$

Charming Lodges in Historic Areas of Lisbon

Exploring Lisbon's historic neighborhoods does not have to come at a hefty price. This section introduces budget-friendly hotels located in some of the most picturesque areas, known for their cobblestone streets, historic monuments, and vibrant street life. Staying in these charming lodges allows visitors to delve into the local culture and history, all while enjoying the benefits of economical accommodations. These hotels not only provide basic amenities but also an authentic experience that captures the essence of Lisbon’s storied past. These picks showcase the true character of Lisbon and are perfect for those wishing to explore at a budget.

Lisboa Central Hostel

9.1

Good

(2872 Reviews)

+ 93 photos
Lisboa Central Park offers a unique blend of affordability and style, situated near key transportation links and attractions. This charming hotel is known for its friendly ambiance and comfortable rooms that come equipped with modern amenities, including free Wi-Fi. An on-site breakfast service is included, allowing guests to fuel up before heading out to explore the vibrant streets of Lisbon. The central park-like setting of the hotel adds a sense of tranquility amidst the urban buzz, making it an ideal retreat after a long day of sightseeing. With its great location and cost-effective rates, Lisboa Central Park exemplifies the essence of Lisbon cheap hotels. Essential for budget travelers, this hotel creates a cozy environment for enjoying your Lisbon experience.
Address: Rua Rodrigues Sampaio N160
Rating: Good 9.1 (2872 Reviews)
Rooms: 82
Price: From 31$

Vila Nova Guesthouse

8.3

Good

(3026 Reviews)

+ 95 photos
Vila Nova Guesthouse is located in the Areeiro neighborhood and specializes in providing comfortable accommodations suitable for families. The guesthouse offers spacious rooms that can easily accommodate families, featuring amenities like communal kitchen facilities and a relaxing garden area. Guests laud the welcoming atmosphere and personal service, ensuring families feel at home during their stay. Its location is ideal for exploring local parks and playgrounds, along with easy access to public transport connecting to major attractions. Vila Nova Guesthouse captures the essence of Lisbon cheap hotels that focus on families, offering both value and comfort during your travels. This hidden gem is perfect for enjoying Lisbon with your loved ones.
Address: Av. Duque De Loule 111, 1St Floor
Rating: Good 8.3 (3026 Reviews)
Rooms: 30
Price: From 62$

Coastal Lisbon Cheap Hotels

For those drawn to the sun and sea, coastal Lisbon presents a stunning backdrop for budget-friendly accommodations. This section highlights hotels that not only offer affordable rates but also provide convenient access to Lisbon's beautiful coastline and picturesque beaches. Staying at these seaside hotels allows guests to immerse themselves in the relaxed atmosphere while exploring the scenic waterfront and enjoying coastal activities. Many of these offerings include amenities such as beachfront access and outdoor leisure options, ideal for fun-filled days under the sun. If you’re looking for a blend of leisure and budget, our selection of coastal Lisbon cheap hotels will definitely meet your needs. Follow along for some great options by the shore.

A Casa Do Bairro Villa

5.0

Good

(47 Reviews)

+ 13 photos
Casa do Bairro is a quaint boutique hotel located in the lively Mouraria district, famous for its multicultural heritage. This small hotel features tastefully decorated rooms and offers a complimentary breakfast that adds great value for budget travelers. Guests appreciate the personal touch and intimate ambiance, making them feel more connected to the local culture. The hotel is conveniently situated within walking distance to the vibrant streets filled with authentic cafes and shops, providing the perfect base for exploration. Casa do Bairro embodies the essence of Lisbon cheap hotels, specifically catering to those looking for charm and authenticity at an affordable price. A stay here is not just economical but also a gateway to experiencing the unique stories of Lisbon's neighborhoods.
Address: Rua Tres Nº 8 - Bairro Da Encarnacao
Rating: Good 5.0 (47 Reviews)
Price: From 152$

Home Lisbon Hostel

9.0

Good

(3338 Reviews)

+ 52 photos
Home Lisbon Hostel is known for its inviting atmosphere and welcoming facilities, making it a favorite among budget travelers. The hostel features a cozy common area, a fully equipped kitchen for guests, and various room options, all at budget-friendly rates. Guests often rave about the homemade dinners offered on select nights, providing an opportunity to connect with fellow travelers while enjoying delicious local snacks. Situated not far from the bustling Bairro Alto, guests can easily explore Lisbon’s nightlife and cultural landmarks. Home Lisbon Hostel perfectly embodies the essence of Lisbon cheap hotels tailored for backpackers seeking camaraderie and comfort. This relaxing hostel will enrich your Lisbon adventure while keeping your spending low.
Address: Rua De Sao Nicolau 13, 2Esq
Rating: Good 9.0 (3338 Reviews)
Rooms: 141
Price: From 33$

Hidden Gem Lisbon Cheap Hotels

Every traveler desires a unique experience, and Lisbon is brimming with hidden gem hotels that perfectly combine affordability with charm. This section showcases lesser-known budget hotels that offer exceptional value, allowing guests to enjoy a personalized and genuine Lisbon experience. Often tucked away in quiet neighborhoods, these cheap hotels provide a distinct atmosphere, personalized service, and local flair — perfect for travelers looking to escape the tourist crowds. By opting for one of these hidden gems, you'll not only save money but also uncover the unique, local side of Lisbon. If you're ready for an authentic adventure filled with personality at wallet-friendly prices, here’s our selection of hidden gem Lisbon cheap hotels.

Hotel Gat Rossio

8.5

Good

(5276 Reviews)

+ 117 photos
Hotel Gat Rossio is situated in the lively Restauradores Square, making it a prime location for tourists wanting to be in the midst of it all. This contemporary hotel features sleek, stylish rooms that are well-maintained and competitively priced, appealing directly to the “Lisbon cheap hotels” category. Guests can relish the complimentary breakfast, and the hotel also provides a chill lounge area perfect for relaxing after a busy day. With public transport just steps away, you can easily access the iconic sites that draw visitors to the city. The friendly staff and inviting atmosphere further enhance the experience, ensuring a memorable stay. Hotel Gat Rossio’s combination of affordability and modern comfort makes it a standout choice for budget-conscious travelers.
Address: Rua Do Jardim Do Regedor, 27-35
Rating: Good 8.5 (5276 Reviews)
Rooms: 70
Price: From 68$

Pensao Nova Goa Hotel

7.5

Good

(3676 Reviews)

+ 26 photos
Pensão Nova Goa is a delightful, budget-friendly guesthouse located in the enchanting Alfama district. This charming lodge exudes a cozy atmosphere with its beautifully decorated rooms and friendly hospitality, making it feel like a home away from home. Guests are treated to a continental breakfast and are ideally situated near the iconic São Jorge Castle and other attractions. The hotel’s decor reflects an authentic Portuguese style, and the staff are always eager to share local tips and recommendations. Pensão Nova Goa is an ideal representation of Lisbon cheap hotels, as it provides a unique lodging experience filled with character and warmth. Discover the beauty of Lisbon while enjoying this hidden gem tucked away from the hustle and bustle.
Address: Rua Arco Marques Do Alegrete 13, Lisbon, Pt
Rating: Good 7.5 (3676 Reviews)
Rooms: 13
Price: From 63$

Comfortable Lisbon Cheap Hotels for Families

Finding family-friendly accommodations that are budget-conscious can be challenging, but Lisbon has several cheap hotels perfect for families traveling with children. This section showcases hotels that cater to families, offering spacious rooms, child-friendly facilities, and convenient locations near attractions suited for all ages. These hotels not only provide economical options but also ensure a comfortable stay for parents and kids alike. Many of the family-oriented hotels include extra amenities such as play areas, family dining options, and helpful staff to make your stay stress-free. If you're planning a family trip to Lisbon, check out these excellent family-friendly cheap hotels.

My Story Hotel Tejo

8.9

Good

(6533 Reviews)

+ 287 photos
My Story Hotel Tejo is a hidden gem located near the bustling Baixa district, offering a stylish yet budget-friendly atmosphere. Designed with a modern edge, the hotel provides comfortable accommodations paired with a range of amenities, including free Wi-Fi and breakfast. Its central location allows guests to explore major attractions without hassle, while also offering a more laid-back vibe away from the mainstream tourist spots. The hotel is well-reviewed for its friendly staff who go above and beyond to ensure guest satisfaction, creating a welcoming environment. As a perfect example of Lisbon cheap hotels, My Story Hotel Tejo balances style and affordability seamlessly. Choose this wonderful hotel for an enriching experience in one of Lisbon’s lesser-known areas surrounded by local flair.
Address: R.Condes De Monsanto 2
Rating: Good 8.9 (6533 Reviews)
Rooms: 138
Price: From 113$

Hotel Avenida Park

7.1

Good

(802 Reviews)

+ 198 photos
Hotel Avenida Park is a budget-friendly option located just a stone's throw away from the beautiful Eduardo VII Park. This affordable accommodation boasts bright and spacious rooms, offering a comfortable stay with the added perk of stunning park views. Guests can enjoy a hearty breakfast buffet each morning, ensuring they start their day energized for exploring the city. The hotel's central location makes it convenient for visiting landmark sites and indulging in local cuisine. With friendly staff and modern amenities, Hotel Avenida Park is an excellent choice for travelers seeking comfortable yet economical lodging in the bustling heart of Lisbon. This hotel perfectly exemplifies the concept of Lisbon cheap hotels, providing more than just budget accommodations but also a warm and inviting atmosphere.
Address: Avenida Sidonio Pais 6
Rating: Good 7.1 (802 Reviews)
Rooms: 53
Price: From 59$

Unique Themed Lisbon Cheap Hotels

For travelers who appreciate uniqueness and creativity in their accommodations, Lisbon offers several themed hotels that boast character while remaining easy on the wallet. This section features hotels that provide distinctive experiences through unique decor, thematic rooms, and memorable atmospheres. Staying in such hotels can enrich your trip, giving you a sense of the local culture while enjoying affordable rates. If you’re looking for a fun and quirky place to stay that reflects Lisbon’s vibrant personality, here’s a collection of unique themed Lisbon cheap hotels worth considering.

Hotel Roma

8.5

Good

(9994 Reviews)

+ 178 photos
Hotel Roma is a well-established family hotel located near the city center, offering spacious rooms at competitive prices suited for family stays. With various room options available, families can enjoy comfortable accommodations without sacrificing quality. The hotel also features a breakfast buffet that caters to varying tastes, providing a great start before heading out for the day. Proximity to public transport makes it easy for families to navigate to attractions like the Lisbon Oceanarium and the nearby parks. With its friendly staff and welcoming environment, Hotel Roma stands out as one of the best Lisbon cheap hotels for families. A stay here guarantees a convenient and enjoyable family vacation in the very heart of the city.
Address: Avenida De Roma 33
Rating: Good 8.5 (9994 Reviews)
Rooms: 263
Price: From 75$

Lisbon Cheap Hotels for Backpackers

Backpackers require reliable, affordable accommodations, and Lisbon is a great destination for budget travelers. This section showcases cheap hotels and hostels that cater specifically to backpackers, offering a sociable environment while maintaining a focus on affordability. These accommodations typically provide communal spaces, kitchen facilities, and opportunities to meet fellow travelers, making for a rich communal experience. With ample amenities and wonderful locations, backpacker-friendly Lisbon cheap hotels allow you to stretch your budget while discovering the city. Here are our top recommendations for budget travelers looking for a welcoming place to rest their heads.