In a nutshell
- Looking to stay in Lisbon without breaking the bank? We’ve rounded up 7 of the best cheap hotels in Lisbon — all personally vetted.
- Our top picks are the Alfama – Lisbon Lounge Suites and the Chalet D’Ávila — both are just a short metro ride from the center and offer seriously good value for money.
- We also cover the best budget hostels in Lisbon and the neighborhoods where you’ll find the lowest prices.
Budget Accommodation in Lisbon: Here's How!
The more central your accommodation in Lisbon, the higher the price tag. But budget-friendly options do exist!
You’ll find the real bargains mainly just outside Lisbon’s center, but that’s no problem as long as there’s a metro station nearby.
That said, there are also some affordable hotels right in central Lisbon—they aren’t quite as cheap as the ones further out, but they’re still well below average prices.
Also check out the best neighborhoods to stay in Lisbon
And if you want to stay even more affordably in the center, then a hostel is the way to go.
Pro tip: Book early. The best cheap hotels in Lisbon fill up fast, and waiting until the last minute usually means paying a lot more — or finding nothing at all.
The cheapest months to stay in Lisbon
You can save quite a bit of money by traveling to Lisbon during the off-season. That’s when hotel prices are at their lowest, and you can even find great deals on boutique hotels in Lisbon.
Hotel prices in Lisbon are lowest during these months
- November
- December
- January
- February
- March
Note: Prices spike sharply around holidays like New Year’s and Easter, so plan accordingly.
Prices in Lisbon are highest during the summer months from June to September.
Budget Hotels in Lisbon
Here are our top picks for seven cheap hotels in Lisbon—all great bases for your city break in Lisbon.
Chalet D'Avila
Chalet D’Avila is located a bit further out, but right next to the Saldanha metro station—from there, you can reach the city center in about 15 minutes.
In return, the hotel is absolutely beautiful and the surroundings have a genuinely authentic Lisbon feel. With prices ranging from 110 to 150 euros for a double room, Chalet D’Avila is seriously good value.
The rooms are cozy and stylishly furnished, the staff is super friendly and helpful, and in the morning there’s a really delicious breakfast buffet.
Alfama - Lisbon Lounge Suites
Want affordable accommodation in Lisbon’s old town? We’d recommend the Alfama – Lisbon Lounge Suites. In summer, you’ll pay around 140 euros, and in winter you can find deals for under 100 euros per night.
The famous 28E tram runs right past the front door, and the spacious rooms are another big plus—you’ll have plenty of room to spread out.
Really handy for keeping costs down: the Alfama – Lisbon Lounge Suites apartments come with their own kitchenettes, so you can easily cook for yourself instead of eating out every night.
The apartments are particularly well-suited for families. So yes, there are genuinely affordable places to stay even when visiting Lisbon with children.
To the Alfama – Lisbon Lounge Suites
Safira
The Safira isn’t right in the city center, but you’re just a few minutes’ walk from the trendy Bairro Alto neighborhood and the São Pedro de Alcântara viewpoint.
The hotel is decorated with beautiful azulejos (blue tiles) and has a totally authentic Lisbon vibe. The rooms are very cozy.
If you’re flexible with your dates, you can score some great last-minute deals at the Safira—especially during the summer months—like a double room for around 100 euros.
Breakfast isn’t served at the Safira, but there’s a great café next door with plenty of breakfast options to choose from.
The Leaf Boutique Hotel Lisbon
The Leaf Boutique Hotel is located just outside the city center in the Arroios district—but you can reach the center and Lisbon’s top sights super quickly by metro.
During the off-season from November to March, you can get a double room here for under 100 euros. Prices are a little higher in high season, but still very reasonable.
The rooms are super cozy and decorated in elegant shades of green—fitting the “leaves” theme perfectly. They’re not the biggest, but they’re more than adequate for a short trip to Lisbon!
Two standout perks: the delicious breakfast—which you can add on for about 13 euros—and the fitness center.
To The Leaf Boutique Hotel Lisbon – Adults Only
Pensao Praca Da Figueira
Pensao Praca da Figueira has an unbeatable location—right on Rossio Square. It’s ideal if you’re planning lots of day trips from Lisbon, such as to Sintra or Cascais.
The decor isn’t the most stylish, but everything is clean, and for this location, the value for money is honestly fantastic.
Especially during the off-season, you can find real bargains—sometimes just 60 euros for a double room with a shared bathroom.
Moov Hotel Lisboa Oriente
The Moov Hotel Oriente is located in the newer part of Lisbon in Parque das Nações—a modern neighborhood built around the Oriente main train station and the Tagus River. The hotel’s interior matches the surroundings: contemporary design in bright, cheerful colors.
You’re not in the historic center here, but the metro gets you to the old quarter in just over 20 minutes, and the airport is only about 10 minutes away—super convenient for early flights.
You can often find an affordable room here on short notice. Even during peak season, you’ll typically pay only around 110 euros. In winter, double rooms can drop to under 70 euros.
To the Moov Hotel Oriente
Empire Marquês Hotel
The Empire Marquês Hotel sits—as the name suggests—on Marquês de Pombal Square. That’s a seriously convenient spot: the metro is right on your doorstep, and so is the stop for the hop-on/hop-off buses in Lisbon.
You’re in the center within minutes, yet the rooms are completely quiet, cozy, and clean—and a delicious breakfast is included in the price.
In summer, prices run around 130 euros for a double room; in winter, closer to 100 euros—still a great deal by Lisbon standards.
Budget Hostels in Lisbon
If you want to stay in the center of Lisbon as cheaply as possible, your best bet is a hostel.
Hostels are very affordable because you can book a bed in a shared dorm. But many hostels also offer affordable private rooms — so don’t rule them out even if you’d rather not share.
The Central House
The Central House is a hostel with excellent value for money. It’s super central near Rossio Square and seriously affordable.
A bed in a dorm starts at just 23 euros during the off-season. And to make sure you still get some privacy, every bed has its own curtain.
Looking for a private room? The Central House has some great deals there too—basic double rooms start at 76 euros during the off-season.
Lost Inn Lisbon Hostel
The Lost Inn is a smaller, intimate hostel where you’ll quickly get to know other travelers—perfect if you’re heading to Lisbon solo.
You can book both private rooms and dorm beds here. Dorm beds start at 27 euros during the winter season.
One really great thing: you can often grab a double room at the Lost Inn on the spot—even in summer, they often come in at around 100 euros.
The location between Cais do Sodré and the nightlife district of Bairro Alto is ideal—just don’t expect complete silence in the evenings.
This Is Lisbon Hostel
At This Is Lisbon Hostel, dorm beds start at 27 euros during the off-season, and private rooms from 71 euros.
Move fast on these, though—the best rates here rarely show up on short notice. Book in advance and you’ll thank yourself later.
The hostel sits right next to Castelo de São Jorge and the Alfama historic district. The real showstopper is the rooftop terrace with sweeping views over Lisbon.
The most affordable neighborhoods to stay in Lisbon
If you’d rather search for budget accommodation in Lisbon on your own, take a closer look at the Arroios and Areeiro neighborhoods.
They sit between downtown and Lisbon Airport and are very well connected by metro.
Prices in Arroios and Areeiro are significantly lower than in the city center. You’ll find a mix of budget hotels, apartments, and B&Bs here.
