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You don't have to stay in Lisbon city centre, as there are another of other often cheaper options. Santa Iria de Azoia is slightly to the north of Lisbon city centre (about 16km), and has easy mainline rail links and bus routes into central Lisbon. (see Hotel VIP Santa Iria accommodation on this website).
Opt for a Lisbon superb location like Iria da Azoia if perhaps you are hiring a car and wanting to move around the Libon area, pushing west towards Sintra, Estoril and Cascais or indeed south to Setubal.
It's a much more sensible option with car hire as driving around Lisbon, and getting in and out of Lisbon (especially in peak rush hour periods early morning and evening) is a nightmare. Position yourself in one of the Lisbon suburbs such as Santa Iria da Azoia and you've easy access to national motorway links both for business and holiday pleasure.
This makes it easier to push even further out by road, say inland to historic Evora which is easy via the main motorways.
For convenience to avoid major traffic nightmares around Lisbon centre, or indeed for a quieter base yet still with easy access by bus or mainline rail into Lisbon city centre, it pays to choose one of the Lisbon superbs as a base. See also Lisbon accommodation on this website for other Lisbon suburb bases to the west at Sintra, Cascais and Estoril. All of these too have superb access by mainline rail into Lisbon city centre.