The rule for a US licence
Portugal does not legally require an IDP from US visitors staying under six months. Your US license is accepted on its own.
An IDP is still worth carrying as a translation aid, particularly outside Lisbon and Porto where an officer is less likely to read English.
Live in Portugal, or hold an EU/EEA licence?
A licence issued in Portugal is what you drive on at home - an IDP is a translation of a foreign licence, so it does not apply to you here. An EU or EEA licence from another member state is also valid in Portugal on its own, under EU Directive 2006/126/EC. In neither case do you need an IDP.
At the rental counter
Portuguese agencies generally accept a US license, though individual company policy can differ.
What the permit covers
An International Driving Permit is a translation of your licence into a standard multilingual booklet, issued under the 1949 and 1968 road traffic conventions. It is not a licence, and it is never valid on its own: you carry it with your own licence, and police expect to see both.
It is issued against the vehicle classes already on your home licence, and it never adds one. If your licence does not cover motorcycles, an IDP does not let you ride a scooter in Portugal; if it does not cover a heavier vehicle, the permit will not cover a camper or a minibus either. The permit restates what you already hold, in a form the local authorities can read.
Driving in more than one country?
Check every destination on your trip at once - Portugal is already filled in.
Check your tripOther destinations
Informational only, not legal advice. Requirements change and vary by length of stay, rental company, and vehicle class. Always confirm with the destination's embassy or your automobile association before you drive.