Recommended Budget Hotels and Apartments in Portugal (with Address, Price Range, and Benefits)
Portugal, with its charming coastal towns, rich cultural heritage, and sunny Mediterranean climate, has become one of Europe’s most beloved travel destinations. Many travelers assume that staying in Portugal must be expensive, especially in popular cities like Lisbon or Porto. However, the country actually offers a wide range of budget-friendly hotels and apartments that provide comfort, convenience, and excellent value for money.
If you’re planning to visit Portugal without spending too much on accommodation, here are some of the best affordable hotels and apartments across the country — complete with their addresses, price ranges, and unique advantages.
1. My Story Hotel Tejo – Lisbon
Address: Rua Condes de Monsanto 2, 1100-159 Lisbon, Portugal
Price Range: €80–€120 per night
Type: Budget Hotel
Located in the heart of Lisbon’s Baixa district, My Story Hotel Tejo is a stylish yet budget-friendly hotel perfect for tourists who want to explore the Portuguese capital on foot. It’s just a few minutes’ walk from Rossio Square and the Santa Justa Lift.
Benefits:
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Excellent location near metro stations, restaurants, and shops.
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Rooms are clean, modern, and air-conditioned.
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Free Wi-Fi and daily housekeeping.
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Friendly staff who can help arrange local tours.
For travelers who want to stay in central Lisbon without paying luxury prices, this hotel offers the perfect balance between affordability and comfort.
2. Star Inn Porto – Porto
Address: Rua Senhora do Porto 930, 4250-453 Porto, Portugal
Price Range: €60–€90 per night
Type: Budget Hotel
Star Inn Porto is one of the most popular budget hotels in northern Portugal. It offers a relaxing environment just a short drive from Porto’s city center. The design is contemporary, with spacious rooms and a calm atmosphere ideal for both business and leisure travelers.
Benefits:
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Free private parking for guests.
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Breakfast buffet available daily.
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Pet-friendly hotel.
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Easy access to public transportation.
With its affordable price and great facilities, Star Inn Porto is a favorite among tourists who prefer modern comfort at a low cost.
3. Lost Inn Lisbon Hostel – Lisbon
Address: Rua Beco dos Apóstolos 6, 1200-028 Lisbon, Portugal
Price Range: €25–€60 per night (depending on room type)
Type: Hostel / Budget Accommodation
For backpackers or solo travelers, Lost Inn Lisbon offers an unbeatable experience. Located in the trendy Chiado neighborhood, this hostel combines affordability with a warm, social atmosphere.
Benefits:
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Free breakfast and Wi-Fi.
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Shared kitchen facilities.
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Common lounge with games and social events.
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Walking distance to Lisbon’s nightlife and landmarks.
This hostel’s charm lies in its cozy design and friendly community — a great place to meet other travelers while saving money.
4. Oporto City Flats – Downtown Apartments
Address: Rua de Sá da Bandeira 377, 4000-435 Porto, Portugal
Price Range: €70–€110 per night
Type: Apartment
For travelers who prefer more privacy and independence, Oporto City Flats provides fully equipped apartments in the heart of Porto. Each unit comes with a kitchenette, washing machine, and living room — ideal for longer stays.
Benefits:
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Central location near Bolhão Market and Avenida dos Aliados.
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Great for families or couples.
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Offers long-stay discounts.
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Self-check-in and 24-hour support.
Choosing an apartment like this allows guests to cook their own meals and live like a local, which can significantly reduce overall travel costs.
5. Hotel Dom Carlos Park – Lisbon
Address: Av. Duque de Loulé 121, 1050-089 Lisbon, Portugal
Price Range: €85–€130 per night
Type: 3-Star Hotel
Hotel Dom Carlos Park is a popular mid-range option near Lisbon’s Marquês de Pombal Square. Its elegant yet affordable rooms make it a great choice for travelers who want both comfort and convenience.
Benefits:
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Complimentary breakfast buffet.
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Business center and free Wi-Fi.
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Walking distance to metro and shopping areas.
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Excellent value for the location.
Guests often highlight the hotel’s cleanliness and friendly staff, making it a reliable choice for both short and long stays.
6. Albergaria Miradouro – Porto
Address: Rua da Alegria 598, 4000-037 Porto, Portugal
Price Range: €65–€90 per night
Type: Classic Hotel
This hotel offers old-world charm with panoramic views of Porto. It’s a budget-friendly stay with a touch of nostalgia, as the interior retains its 1960s décor.
Benefits:
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Restaurant with city-view dining.
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Free parking and Wi-Fi.
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Spacious rooms with vintage charm.
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Close to major attractions and metro lines.
For travelers who enjoy a retro atmosphere and great hospitality, Albergaria Miradouro offers unbeatable value.
7. Apartamentos Turísticos Rainha D. Leonor – Albufeira, Algarve
Address: Rua Coronel Águas, 8200-111 Albufeira, Portugal
Price Range: €60–€100 per night
Type: Apartment
If your trip takes you to Portugal’s southern coast, Rainha D. Leonor Apartments in Albufeira are an excellent option. Located just a short walk from the beach, these apartments are spacious and perfect for families or groups.
Benefits:
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Kitchenette in every unit.
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Swimming pool and terrace.
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Proximity to beaches, bars, and restaurants.
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Ideal for long stays.
The Algarve is known for its sunshine and ocean views, and these apartments let you enjoy both without breaking the bank.
8. The Lince Azores Great Hotel – Ponta Delgada, Azores
Address: Avenida D. João III, 29, 9500-310 Ponta Delgada, Azores
Price Range: €90–€130 per night
Type: 4-Star Budget Hotel
Located in the stunning Azores Islands, The Lince Azores Great Hotel is surprisingly affordable for its quality. With scenic ocean views and modern facilities, it’s an ideal stay for nature lovers exploring this island paradise.
Benefits:
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Swimming pool, spa, and fitness center.
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Buffet breakfast included.
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Free parking and Wi-Fi.
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Close to city center and airport.
This hotel provides a touch of luxury at a modest price — a rare find on the islands.
9. Guesthouse Pombinha – Nazaré
Address: Rua dos Combatentes, 2450-151 Nazaré, Portugal
Price Range: €50–€80 per night
Type: Guesthouse
In the charming seaside town of Nazaré, known for its massive surfing waves, Guesthouse Pombinha offers simple yet comfortable rooms for travelers seeking a peaceful escape.
Benefits:
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Cozy atmosphere and local hospitality.
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Walking distance to the beach.
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Free Wi-Fi and daily cleaning.
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Great value for solo travelers and couples.
This family-run guesthouse captures the authentic Portuguese seaside experience — affordable, friendly, and relaxed.
10. Stay Hotel Coimbra Centro – Coimbra
Address: Av. Emídio Navarro 70, 3000-150 Coimbra, Portugal
Price Range: €70–€100 per night
Type: 3-Star Hotel
For visitors exploring Portugal’s historic university town, Stay Hotel Coimbra Centro provides convenience and comfort at an affordable rate. Its central location allows easy access to Coimbra University and the old town.
Benefits:
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Complimentary breakfast.
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Free Wi-Fi and 24-hour reception.
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Modern rooms with air conditioning.
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Great for both leisure and academic travelers.
The hotel’s balance of price, location, and comfort makes it a favorite for visitors to central Portugal.
Final Thoughts
Traveling in Portugal doesn’t have to mean spending a fortune on accommodation. Whether you’re visiting the vibrant streets of Lisbon, the historic charm of Porto, or the sunny beaches of the Algarve, there are plenty of budget hotels and apartments that offer excellent facilities and warm hospitality.
By choosing the right accommodation — one that matches your travel style and budget — you can enjoy all the beauty and culture Portugal has to offer without sacrificing comfort or quality. From cozy hostels to self-catering apartments, Portugal proves that affordable travel can still feel luxurious.