Updated: 2026
Under $150/nightFinding a great hotel in Portland under $150 per night is easier than you think. We've curated 5 hand-picked budget-to-value properties that deliver genuine quality at this price point — ideal for budget travellers, short city breaks, and families looking to stretch their travel budget without sacrificing comfort. Every hotel on this list has been selected for its location, guest ratings, and value for money in 2026.
Hand-curated for quality and value. Updated 2026.
Downtown
The flagship that launched the global Ace Hotel phenomenon — a converted 1912 labor union building where surplus US Army wool blankets still cover the beds and Stumptown Coffee (which Ace helped popularize nationally) brews downstairs. Deliberately unpretentious in a city that values authenticity above...
Downtown / Goose Hollow
A 1912 Portland institution on SW 15th that celebrated its history of Hollywood connections — Marlene Dietrich, Orson Welles, and John Wayne all stayed here — with a Golden Age of Hollywood aesthetic that fills corridors with silver-screen photography and guest rooms with period furnishings....
Old Town / Chinatown
The London boutique chain's US flagship brought its genuine-neighborhood-hotel formula to Portland's Old Town — with a lobby designed as a public living room, four distinct restaurants (including Tope for Mexican, and Lovely Rita for a rooftop), and 119 rooms at prices that compete with...
Old Town / Chinatown
Portland's most communal lodging experience — a converted 1881 sailor's boarding house in Old Town with a rooftop deck sauna, co-working lounge, and accommodation ranging from hostel bunks to private rooms with original brick walls. The mix of budget and boutique options under one historic...
Lloyd District / Lloyd Center
Portland's most underrated hotel — a stylish property adjacent to the Oregon Convention Center with a skyline-view rooftop lounge (Altabira City Tavern), bright Pacific Northwest-themed rooms, and prices 25-35% below comparable downtown options. The MAX light rail at the door connects it to downtown in...
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Yes — the hotels on this page all fall within the Under $150/night range and offer genuine quality at this price point. You can expect clean, comfortable rooms with reliable amenities. In many cities, the budget-to-value segment represents excellent value, especially when you choose properties in well-connected neighborhoods.
At this price range in Portland, you'll typically find well-maintained rooms, helpful staff, and good transport links. Many budget-to-value hotels include breakfast options, free WiFi, and easy access to the main sights. The properties listed here have been selected for their quality-to-price ratio specifically.
The hotels on this page are spread across Portland's most visitor-friendly neighborhoods. Each listing includes the neighborhood name so you can match your location preferences. Staying slightly outside the main tourist center often unlocks better rates while keeping you close to transit.
Absolutely. The best-value properties in any city sell out quickly, especially during peak season and local events. Booking 3‑6 weeks in advance for Portland is generally recommended to secure the best rates at these budget-to-value properties.
Every hotel on Hotelier's Choice is hand-curated based on guest review scores, location quality, value for money, and overall reliability. We only list properties with consistently strong ratings and verified quality at the listed price tier.