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.
Rua Sao Pedro de Alcantara 81
This super-stylish place has 11 dorm rooms (with six- to 12-beds in each) and a handful of roomier suites with balconies overlooking the Tejo.
Rua Dom Pedro V 53
Wonderful old building with high ceilings and 40 pleasant enough rooms sleeping up to four.
Escolas Gerais 3
The two-pearl Alfama Patio Hostel is one of Lisbon's older properties, but it offers travelers accommodations with trendy decor and a welcoming vibe.
Rua Augusta 89
Travellers House is a two-pearl hostel in central Lisbon, a three-minute walk from the Baixa-Chiado Metro station and a five-minute walk from Praca do Comercio.
Largo de Sao Domingos 18
Lisbon Story Guesthouse is a decent two-pearl hotel in a great location in central Lisbon, near shopping and dining, and a two-minute walk from Rossio Square.
Rossio Train Station
The Lisbon Destination Hostel is a budget property with an exceptional location inside the beautiful Rossio Train Station, right in the middle of Lisbon's historic city center.
Rua de Sao Nicolau 13 2 Esq.
The rooms are quite spacious. All have balconies or big windows; there's also a patio where you can relax in the sun.
Rua Luz Soriano 75
This is the only hotel in Lisbon that markets itself to a gay clientele, although heterosexual clients also check in and are welcome.