The top budget hotels in Lisbon for 2024

narrow street flanked by old buildings in Lisbon
Where will you stay in Lisbon? Photo: David Mark

Picture this: you step out onto a small balcony, taking in the smell of your strong coffee. You look out to the breathtaking views of the city, where you can see flashes of pastels and some winding alleyways. You step back inside and look around at the charming artwork that fills your room. Finally, you lie back on the comfy bed and think about your itinerary: delicious seafood dinners, museums, historic monuments, theaters… welcome to Lisbon!

Not all vacations can be so dreamy, especially not on a budget. But Lisbon has a lot to offer cheapo travelers. Budget hotels can sometimes be a gamble, but we’ve combed through Lisbon to find the city’s gems.

More tips for Lisbon
Lisbon Cheap Eats: How to save on eating out
How to spend two days in Lisbon
The top free attractions and things to do in Lisbon


The best budget hotels in Lisbon

Are you ready to take off to Lisbon? We’ve gathered our favorite budget hotels in Lisbon.


blue bed with art hanging above bed in hotel room at Living Lounge Hostel

Enjoy a comfortable, attractive, and cheapo-friendly room at Living Lounge Hostel. Photo: Booking.com

Living Lounge Hostel

Neighborhood: Baixa
Doubles from $68

Spotless and with a trendy design and atmosphere, you can get a lot of bang for your buck at Living Lounge Hostel. Book a shared dorm or a private room, then enjoy unique perks like bike rentals, free walking tours, and meals prepared by the hotel’s own chefs. Read the full review


Pensao Praca de Figueira

The breakfast room at Pensao Praca de Figueira.

Pensao Praca de Figueira

Neighborhood: Baixa
Doubles from $70

The Pensao Praca de Figueira has plenty of options for Cheapos. Choose from basic budget rooms that have shared bathrooms and incredible views or budget plus rooms with private bathrooms, air conditioning, mini-fridges, and TVs. Every floor has a kitchenette, and the 4th floor has a TV lounge. We love the owner Leonardo’s photographs throughout the place. Read the full review


hotel room with red carpet and gold patterned wall paper plus vintage wood furnishings

A stylish room at Residencial Dom Sancho I.

Residencial Dom Sancho I

Neighborhood: Avenida da Liberdade
Doubles from $85

Quiet, elegant rooms at the Residencial Dom Sancho I are positioned along the swanky Avenida da Liberdade, a street filled with luxury boutiques. Rooms feature an Old World style with modern amenities, like air conditioning and televisions. Read the full review


beige hotel room at HF Fenix Lisboa

The four-star HF Fenix Lisboa offers some surprisingly good deals for its high level of service and great location. Photo: Booking.com

HF Fenix Lisboa

Neighborhood: Marques de Pombal & Saldanha
Doubles from $104

Booking at HF Fenix Lisboa is all about location, location, location. While the boxy exterior may not seem charming or exciting, the interiors feel a little more welcoming. You’ll find modern rooms with all the comforts of home, like individually controlled A/C and flat-screen TVs. There’s also a restaurant on-site. Read the full review


Residencial Florescente

The view from a beautiful terrace at Residencial Florescente.

Residencial Florescente

Neighborhood: Baixa
Doubles from $136

The Residencial Florescente is a cute, charming hotel on a pedestrian street. Perks include a complimentary breakfast buffet and free Wi-Fi. Check into a room in the front for a lovely street view. The skylights through the hallways give the hotel plenty of natural light. Plus, it has a great location just a short walk from Rossio Square. Read the full review


Search all hotels in Lisbon

Know your travel dates? Find rates and book now through our reservation partner, Booking.com.

 


Lisbon Budget Hotels

If you want even more hotel picks for Lisbon, we have plenty of great options. Check out our entire list of budget hotels in Lisbon. Do you have a favorite place to stay in Lisbon? Tell us in the comments.

About the author

Paige Bennett

Paige is a Los Angeles-based freelance writer. In addition to EuroCheapo, Paige writes for Insider, HomeAdvisor, Thrillist, EcoWatch, Eat This, Not That!, and more. When she isn’t working, she loves to explore the city, cook delicious vegetarian meals and practice yoga.

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