Living costs in Lisbon

Lisbon is an incredible place to live, especially for students. With its year-round great weather, rich cultural scene, and charming mix of modern and rustic architecture, it’s no wonder the city is so popular. The iconic yellow trams navigating the hilly streets add to its unique character, making it both picturesque and practical for daily commutes.

However, moving to a new city can be daunting, particularly when it comes to managing finances. Many students worry about the cost of living in Lisbon and whether they'll be able to experience everything the city offers without breaking the bank.

The good news? Lisbon is one of the most affordable capitals in Western Europe. This guide will break down the living costs and offer tips on how to make the most of your budget while enjoying life in Lisbon.

What is the average cost of living in Lisbon?

The average cost of living in Lisbon per month, excluding rent, is approximately €700 - €900. This estimate includes essential expenses like food, transport, utilities, and leisure activities. Keep in mind that this figure can vary based on factors such as lifestyle choices and proximity to the city center. In this guide, we’ll break down these costs to help you better plan your budget.

Student Accommodation Cost in Lisbon

The cost of student accommodation in Lisbon typically ranges from €500 - €800 PCM. This range covers different types of accommodations, from shared apartments in less central areas to more premium student housing, like the Nido residences.

Several factors can influence accommodation costs, including:

Nido’s residences in Lisbon, such as Nido Carcavelos, Nido Estoril, Nido Santa Apolónia, and Nido Ajuda, offer a range of facilities that make them an attractive option for students. With amenities like 24/7 gyms, communal study spaces, and a strong community focus, Nido balances comfort and affordability.

Cost of Public Transport in Lisbon

Public transport in Lisbon is both efficient and affordable. Students can apply for a free transport card if they can prove they’re enrolled in a Lisbon university; otherwise, the cost of a monthly Navigante Card is €30, providing unlimited travel across the city’s metro, buses, and trams. This card is particularly cost-effective for those under 23, with the sub23 version offering additional discounts.

Lisbon’s public transport network is extensive, making it easy to get around without the need for a car. The iconic trams, speedy metro system, and frequent buses ensure that you can reach your university or favorite spots in the city with ease.

Food & Drink Costs in Lisbon

When it comes to food, students in Lisbon have plenty of options, whether grocery shopping or dining out. Choosing to eat at home and sticking to a budgeting plan can make a tremendous difference to the living cost in Lisbon, Portugal. Like many other European countries, it has incredible cuisine on offer, and many lovely coffee shops, but frequently dining out can quickly add up. 

Entertainment & Leisure Costs in Lisbon

Entertainment and leisure expenses in Lisbon will vary depending on your interests, but you can generally expect to spend around €50 - €100 per month.

To explore more entertainment options, check out our Ultimate City Guide for Lisbon and Best Things to Do in Lisbon blog posts.

Conclusion

Living in Lisbon as a student is not only affordable but also enriching, thanks to the city’s mix of culture, history, and modern amenities. Whether you’re considering where to live or how to budget for daily expenses, Lisbon offers a balance that’s hard to find elsewhere. If you’re interested in learning more about student life in Lisbon or want to explore Nido’s accommodations, get in touch today.