The best budget lodgings in Lisbon

The Independente is a former ambassador's residence in trendy Bairro Alto.  Travellers House is centrally located and offers events and experiences that connect budget travelers with vibrant Lisbon.  These and the other hostels and guesthouses on our list are all Experts' Choice picks and have much to recommend them — above all, their price.  Lisbon is, by comparison with many European capitals, an affordable destination.  Finding thrifty accommodations there to stay on budget need not mean sacrificing a good location or a stellar experience.