Just to note: my girlfriend and I wanted to keep it cheap, but weren't really interested in doing the dorm beds with others we didn't know.
Oasis provided a double room in a separate building from the main hostel--something like a townhouse, with the upstairs bedrooms serving as double private rooms, and the bathrooms, living room (complete with flat-screen tv and dvd player) and kitchen available for our shared use.
Everything was new, nice, clean, and fun. The staff was great, the people were interesting, and in the separate building we had no problems with late-night noise at all.
Unique Quality: For dinner, you have the option to sign up for a 5€home-cooked meal, provided by a woman or girl who cooked us all delicious meals both nights. You can enjoy the food in the spacious outdoor patio, with a bar serving up 1euro beers or 3€ mojitos. A great deal.
The location was very good, a few blocks outside the dead center of town, and down a hill you'll have to scale, but overall great.
This was our first experience in a hostel and couldn't have been any better--it perfectly provided the privacy we wanted when we wanted it, and the social atmosphere when we wanted that.
I think we paid something like 40-60€ per night for the private double room.
Dorm beds are 18€/nt.
Directions: Very close to the Biaxa Chiado metro stop (about a 10 minute walk)
This was the first hostel I've ever stayed in and it is brilliant. There was nothing I could find fault with. It has a modern and clean interior and looks rather traditional from the outside. Its location is nice and central - although the area is hilly but hey where isn't in Lisbon! Lisbon it's self is quite cheap too.
Most the rooms are 6bed dorms with a shared bathroom both of which are kept clean and they provide a good breakfast every morning. In the evening there are catered dinners for 5euros each which were brilliant and a great opportunity for meeting other travellers.
There is a nice courtyard, comfy sofas in a living room with free internet 24hrs a day and a well equipted kitchen.
If your wanting somewhere cheap but of a good standard it is perfect. The hostel has been voted best in the world by hostelworld.com twice what more can i say!
Unique Quality: The glass lift if your feeling lazy!
Directions: 10 mins walk from Baixa Chiado metro
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Address: Rua de Santa Catarina, 24, Lisbon, 1200-402, Portugal