Moving to Lisbon but don’t know where to look?
No worries — we’ve got you covered. Here are the top five most affordable neighbourhoods in Lisbon right now, perfect for students, remote workers, or anyone planning a move to Portugal’s sunny capital.
Thanks to the Spotahome Index, we can see which areas offer the best value for your rent — so you can live well without breaking the bank.
🏙️ 5️⃣ Avenidas Novas — Central and Connected
In 5th place, we have Avenidas Novas, where the average price for a room is around €600 per month.
It’s a modern, central area with excellent public transport and lots of shops, cafes, and restaurants nearby. You’ll be close to universities and major business districts — ideal for young professionals or students who want to stay connected to the heart of the city.
🌳 4️⃣ Alvalade — Local Vibes and Green Spaces
Next up is Alvalade, also around €600 per month per room.
Known for its leafy streets, traditional markets, and relaxed local feel, Alvalade offers a quieter side of Lisbon while still being very well connected by metro. It’s great for those who want a mix of local life and convenience.
🚆 3️⃣ Areeiro — Central and Budget-Friendly
In 3rd place is Areeiro, with rooms averaging €590 per month.
This neighbourhood sits just a few metro stops from downtown Lisbon and is full of local bakeries, parks, and charming old buildings. It’s a great middle-ground area — affordable, safe, and close to everything.
🎒 2️⃣ Arroios — Trendy and Affordable
Taking 2nd place, Arroios is one of the most diverse and lively areas in the city, with an average rent of €570 per month per room.
It’s packed with international restaurants, art galleries, and cool coworking spaces — perfect for students and creatives. Arroios was even named one of the “coolest neighbourhoods in the world” by Time Out a few years ago, and it’s still going strong.
🌅 1️⃣ Penha de França — The Best Value in Lisbon
And in 1st place, we have Penha de França, the cheapest neighbourhood in Lisbon, with rooms at around €560 per month.
Located slightly northeast of the city centre, it’s peaceful, authentic, and offers stunning views of the Tagus River. It’s perfect for anyone who wants good value and a more local lifestyle while staying close to central Lisbon.
🏠 Find Your Perfect Home with Spotahome
Whether you’re looking for a room, a studio, or a full apartment, you can filter your search by neighbourhood, budget, and type of property directly on the Spotahome website.
All listings are verified by Spotahome’s team, with real photos and videos, so you know exactly what you’re booking.
👉 Visit Spotahome.com to start looking for your perfect place in Lisbon today.
And remember — these insights come from the Spotahome Index, which tracks rental price trends across Europe to help you find the best deals wherever you move.