A more budget-friendly alternative would be Plaza Real, which is 3-star accommodation with room rates from 79£. Mar A Vista is an affordable choice that will put you within a 15-minute walk of the center. Presidente Apartamentos is an affordable choice that is directly adjacent to Vau Beach and offers room rates from 62£.
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Riviera Flat is a B&B located a 15-minute walk from Portimao Municipal Market. If you're traveling with a family then booking Club Amarilis with a tennis court, an outdoor swimming pool and a golf course is the best option for you. Make sure to choose Interpass Solvau Apartamentos near Continente Centro Comercial - a top-rated resort with views of the pool.