Lisbon: Hotels under $500

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Fora Author Fora

The Modern Travel Agency

Fora

  • Lisbon

Colorful red-roofed buildings in Lisbon’s historic Alfama district under a clear blue sky by the river.

Lisbon gets it right in a way that feels completely unforced. Azulejo-tiled facades catch the sun, yellow trams rattle up the hills, and somehow every café seems to have mastered the art of the perfect pastel de nata. This is a city where you can lose yourself in Alfama's medieval streets in the morning, then find yourself sipping wine on a miradouro as the sun sets over the Tagus River. Lisbon doesn't try to be anything other than itself—authentically Portuguese, effortlessly stylish, and refreshingly real.

Here are Fora’s top Lisbon hotels under $500 a night (though rates may climb during peak weeks). Whether you’re after a boutique stay near the Baixa, a retro-cool spa escape, or a seaside perch in Cascais, these picks combine standout design, smart amenities, and locations that make exploring a breeze.


AlmaLusa Baixa/Chiado

Hotel room with a large bed, two armchairs near a window, wooden accent wall, and a table with chairs in the foreground.

Image courtesy of AlmaLusa Baixa/Chiado

Overlooking one of Lisbon’s prettiest squares, AlmaLusa Baixa/Chiado is a stylish boutique stay set in an 18th-century building that once housed the city’s arsenal. Inside, you’ll find flagstone floors, canang-inspired patterns, Portuguese textiles, and Juliet balconies with views of Praça do Município. Colmol mattresses, Benamôr bath products, Nespresso machines, and even microwaves come standard; suites add kitchenettes and sitting areas. Downstairs, Delfina draws both guests and locals for rustic Portuguese comfort food (don’t miss the bacalhau or game croquettes). You’re steps from Rossio Station and a short stroll to the Tagus—but tucked away from the crowds.

  • Fora Perks include a welcome amenity, daily breakfast, extended check-out, and an upgrade whenever possible.


Sofitel Lisbon Liberdade

A modern hotel bedroom with a large bed, black and gold accents, and a seating area by a window with brown curtains.

Image courtesy of Sofitel Lisbon Liberdade

Sofitel Lisbon Liberdade channels understated French luxury on Lisbon’s most fashionable avenue. Expect Hermès bath products, Le Petit Prince amenities for kids, and Portuguese design details like dark woods, local artwork, and subtle nods to the Age of Discovery. Rooms are comfortable and quiet, some with prime views over the avenue. The AdLib restaurant is a favorite among locals for its Franco-Portuguese menu, while the bar serves excellent Madeira beneath Asian art and moody lighting. Book an Opera Suite for a terrace with views all the way to the Tagus. There’s no spa or pool, but in-room treatments can be arranged, and the shopping outside more than makes up for it.

  • Fora’s Accor Preferred partner perks include $100 hotel credit, daily breakfast, extended check-in/out and an upgrade whenever possible.


Convent Square Lisbon, Vignette Collection by IHG

Hotel terrace with chairs, tables, and loungers lit by warm lights, with a castle on a hill visible in the background at dusk.

Image courtesy of Convent Square Lisbon, Vignette Collection by IHG

Housed in an 800-year-old cloister just off Praça de Figueira, Covent Square Lisbon makes the most of its history without feeling stuck in the past. Original stonework, blue tiles, and chapel relics are layered into sleek, compact rooms with Juliet balconies and pink marble bathrooms. The central courtyard—once used by nuns for water and quiet reflection—is now home to afternoon tea, served daily with a nod to Portugal’s spice-trading roots. The Capitulo restaurant offers modern Portuguese dishes under vaulted ceilings. There’s also a rooftop plunge pool, sauna, and gym with views of São Domingo’s tiled rooftops.

  • Fora’s IHG Destined partner perks include $100 hotel credit, a welcome amenity, daily breakfast, extended check-in/out and upgrade whenever possible.


The Vintage Hotel & Spa

A stylish hotel lobby with a wooden reception desk, curved soft pink chairs, green rug, and elegant wall lighting.

Image courtesy of The Vintage Hotel & Spa

A sultry mix of retro flair and local color, The Vintage sits quietly near Lisbon’s Botanical Garden, just uphill from the crowds of Bairro Alto and Chiado. The 56 rooms channel mid-century cool with velvet furnishings, bold colors, and DIY cocktail trolleys stocked for a G&T the moment you arrive. Up top, the V Rooftop Bar is a go-to for sunset views of São Jorge Castle; down below, the moody subterranean spa offers a welcome retreat with a hammam, sauna, and candlelit pool. Art and design are everywhere, from wall murals by Portuguese creatives to Costa Nova ceramics at breakfast.

  • Fora Perks include $50-100 hotel credit, daily breakfast, extended check-in/out and an upgrade whenever possible.


Martinhal Lisbon Chiado

Bright living room with orange and olive sofas, colorful cushions, floor lamps, and small round tables set with tea cups.

Image courtesy of Martinhal Lisbon Chiado

This is city-center family travel, upgraded. Tucked between Chiado and Bairro Alto, Martinhal Lisbon Chiado is a stylish townhouse designed with little ones in mind—think bunk beds, bold Tintin prints, step stools in the bathrooms, and welcome packs with chocolate milk. The 37 apartment-style suites (from studios to two-beds) all come with full kitchens and laundry facilities, plus access to the game-filled kids’ club and Pyjama Club, which runs until 10 pm. Bar 1855 offers breakfast, light bites, and a kid-friendly vibe (complete with a BMW Isetta to clamber into), while the concierge can kit out your room with everything from bottle sterilizers to baby gates. And for families after more space (and a pool), Martinhal also has a sleek, contemporary property in Parque das Nações—Martinhal Lisbon Oriente—with roomy accommodations, great dining, and both indoor and outdoor kids’ clubs.

  • Fora Perks include €20 hotel credit, a complimentary bottle of wine, a welcome amenity, and an upgrade whenever possible.


Farol Hotel

Cozy lounge with leather armchairs arranged around two dark tables, large windows framing a view of the sea and coastal plants.

Image courtesy of Farol Hotel

If you’re craving sea views and salty air but still want easy access to Lisbon, this clifftop hideaway in Cascais delivers. Once an aristocratic summer home, it now leans into bold design with moody rooms, fashion-designer interiors, and front-row Atlantic views from nearly every corner. The saltwater pool sits dramatically above the rocks, and the food scene has been given a fresh twist: The Mix restaurant serves international dishes made with seasonal ingredients (don’t miss the famed octopus from Cascais), while The Mix Sushi Moment adds inventive takes on Japanese classics. At On the Rocks bar, it’s all about cocktails with a view—whether you’re toasting the sunset or winding down the night. You’re walking distance from Cascais’ shops and waterfront paths, but with perks like in-room massages, hotel bikes, and the Atlantic outside your window, you might not want to leave. Just 30 minutes from the city, but worlds away in vibe.

  • Fora’s Preferred Hotels & Resorts Platinum partner perks include $100 hotel credit, a welcome amenity, daily breakfast, extended check-in/out and an upgrade whenever possible.