In 2024, the average rent in Portugal for a 2-bedroom apartment is $1,320 per month, following a 11.9%, change from a year ago. In Euros, the average monthly apartment rent in Portugal is €1,220.
Renting an apartment abroad is preferred to buying a home by many expats in Portugal on a temporary stay or exploring the country while planning a permanent relocation. Renting is not only cheaper, but it has the benefit of flexibility.
Rent prices in US Dollars in Portugal’s regions:
Rent prices for a long-term lease in Portugal vary depending on the region and the city. The most expensive region to lease an apartment in Portugal is Lisboa, with an average rent of $1,560 per month.
The most affordable region in Portugal to rent in is Alentejo, where you can find a rental apartment for about $830 per month.
Apartment rents by region:
Alentejo $830
Algarve $1,150
Azores $750
Center $750
Lisboa $1,560
Madeira $1,150
North $1,140
Rent prices in Portugal by city
Portugal has many beautiful and great places to live in, from the sophisticated north to the sunny south. Larger cities offer more opportunities for jobs and entertainment, and thus are typically more expensive to rent in.
Smaller towns can offer a great quality of life at a more affordable price, but that’s not always the rule. Some popular, touristic small towns in Portugal can be quite expensive, while some large cities are surprisingly affordable.
If you’re looking for long-term rent in Lisboa, expect to pay the highest price in the country. The average 2-bedroom apartment in Lisboa in 2024 rents for around $1,760, having changed by about 14.80% compared to a year ago. Apartments closer to the city’s center tend to be much higher than that, depending on the exact location and quality of the apartment.
On the other hand, the cheapest place to rent an apartment in Portugal is Santa Maria da Feira, with a monthly rent of $480.
Here’s how much it costs to rent an apartment in Portugal’s largest cities:
Lisboa $1,760
Porto $1,410
Vila Nova de Gaia $980
Amadora $1,190
Braga $750
Coimbra $870
Funchal $1,150
Setúbal $960
Almada $1,150
Sintra $1,080
Barreiro $970
Aveiro $960
Odivelas $1,100
Leiria $680
Faro $1,030
Matosinhos $1,180
Loures $1,110
Portimão $1,130
Póvoa de Varzim $810
Seixal $990
Maia $810
Évora $920
Montijo $850
Valongo $690
Viana do Castelo $690
Vila Nova de Famalicão $620
Castelo Branco $560
Covilhã $630
Vila Franca de Xira $880
Santarém $690
Figueira da Foz $710
Olhão $950
Caldas da Rainha $690
Albufeira $1,080
Espinho $840
Barcelos $610
Entroncamento $600
Lagos $1,230
Torres Vedras $780
Loulé $1,410
Tavira $960
Peniche $910
Ílhavo $790
Sines $1,140
Vila Real de Santo António $960
Esposende $680
Santiago do Cacém $1,040
Rent prices in Euros in Portugal’s regions:
The cost to lease an apartment in Portugal depends on the size of the space, condition, whether it’s furnished or not, and most of all, it depends on the location. Renting is more popular and more expensive in certain regions, particularly where many large cities and towns are located.
Here’s how much it costs in Euros to rent an apartment in each region of Portugal:
Alentejo €760
Algarve €1,060
Azores €690
Center €690
Lisboa €1,430
Madeira €1,060
North €1,040
Apartment rent prices in Euros by city:
The most expensive city to rent in Portugal is Lisboa, with a monthly rent of €1,610. At the other end of the spectrum, you have Santa Maria da Feira with an average rent of $480.
Find your favorite city in the list below:
Lisboa €1,610
Porto €1,290
Vila Nova de Gaia €900
Amadora €1,090
Braga €690
Coimbra €800
Funchal €1,060
Setúbal €890
Almada €1,060
Sintra €990
Barreiro €890
Aveiro €880
Odivelas €1,010
Leiria €620
Faro €950
Matosinhos €1,080
Loures €1,020
Portimão €1,040
Póvoa de Varzim €740
Seixal €910
Maia €740
Évora €850
Montijo €780
Valongo €640
Viana do Castelo €630
Vila Nova de Famalicão €570
Castelo Branco €520
Covilhã €580
Vila Franca de Xira €810
Santarém €630
Figueira da Foz €650
Olhão €870
Caldas da Rainha €640
Albufeira €990
Espinho €770
Barcelos €560
Entroncamento €550
Lagos €1,130
Torres Vedras €720
Loulé €1,300
Tavira €890
Peniche €830
Ílhavo €730
Sines €1,040
Vila Real de Santo António €890
Esposende €620
Santiago do Cacém €950
Methodology:
- When using or citing this data, please give credit with a link to My Dolce Casa
- Portugal rent price data source: Idealista valid as of the date of this report
- Original prices published in euros per square meter
- Euros converted to U.S. dollars at an exchange rate valid as of the date of this report
- Square meters converted to square feet
- The average rent of a 800 square foot apartment was estimated to be approximately a 2-bedroom apartment and was calculated by multiplying the price per square foot in USD by 800
- The average rent of a 75 square meter apartment was estimated to be approximately a 2-bedroom or 3-room apartment and was calculated by multiplying the price per square meter in EUR by 75
- Amounts may be rounded
