In 2024, the average rent in Portugal for a 2-bedroom apartment is $1,290 per month, following a 18.3%, change from a year ago. In Euros, the average monthly apartment rent in Portugal is €1,190.
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 $1,550 per month.
The most affordable region in Portugal to rent in is Azores, where you can find a rental apartment for about $720 per month.
Apartment rents by region:
Alentejo $830
Algarve $1,090
Azores $720
Center $740
Lisboa $1,550
Madeira $1,120
North $1,130
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:
Évora $870
Santarém $650
Albufeira $1,050
Faro $1,000
Lagos $1,120
Loulé $1,310
Olhão $920
Portimão $1,060
Tavira $900
Vila Real de Santo António $890
Caldas da Rainha $690
Coimbra $900
Leiria $670
Almada $1,130
Amadora $1,120
Barreiro $910
Lisboa $1,760
Loures $1,080
Montijo $850
Odivelas $1,100
Seixal $940
Setúbal $970
Sintra $1,060
Torres Vedras $780
Vila Franca de Xira $830
Funchal $1,130
Aveiro $900
Barcelos $670
Espinho $870
Esposende $620
Gondomar $750
Ílhavo $780
Matosinhos $1,180
Porto $1,380
Póvoa de Varzim $810
Santa Maria da Feira $480
Vila do Conde $790
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 €1,000
Azores €660
Center €680
Lisboa €1,420
Madeira €1,030
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:
Évora €800
Santarém €590
Albufeira €970
Faro €920
Lagos €1,030
Loulé €1,200
Olhão €840
Portimão €980
Tavira €830
Vila Real de Santo António €820
Caldas da Rainha €640
Coimbra €830
Leiria €620
Almada €1,040
Amadora €1,030
Barreiro €830
Lisboa €1,610
Loures €990
Montijo €780
Odivelas €1,010
Seixal €860
Setúbal €890
Sintra €980
Torres Vedras €710
Vila Franca de Xira €760
Funchal €1,040
Aveiro €830
Barcelos €620
Espinho €800
Esposende €570
Gondomar €690
Ílhavo €710
Matosinhos €1,080
Porto €1,270
Póvoa de Varzim €740
Santa Maria da Feira €440
Vila do Conde €730
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
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