The rental market in Portugal remains resilient, although demand pressure has eased recently due to an increase in supply. This recent dynamic has begun to be reflected in the cost of renting a home in the country, with prices slowing their annual growth rate to 3.2% in November (less than the 5.7% observed in the previous month). Data from the idealista price index also reveals that, with this evolution, renting a home in Portugal now has a median cost of 16.6 euros per square meter (euros/m²) at the end of November.

Lisbon and Porto show the most moderate rent increases
The price of homes for rent increased in 15 of the 17 district capitals (or autonomous regions) analyzed between November and the same month last year.

Among the cities with the highest rent increases are Ponta Delgada (15.9%), Viseu (12.8%), Leiria (10.8%), Viana do Castelo (10.8%), Santarém (8.4%), Faro (7%), Coimbra (5.7%) and Setúbal (5.1%). Increases were also recorded in Funchal (4.8%), Braga (4.7%), Vila Real (4.7%), Aveiro (4.2%), Lisbon (2%) and Porto (1.3%).

It should also be noted that rents remained practically stable in Évora (0.3%) and fell in two cities: Bragança (-5.8%) and Castelo Branco (-0.9%).

Lisbon remains the most expensive city to rent a home, with 22.4 euros/m², followed by Porto (17.8 euros/m²), Funchal (16 euros/m²) and Faro (14.6 euros/m²). Next are Setúbal (13 euros/m²), Ponta Delgada (12 euros/m²), Coimbra (11.8 euros/m²), Évora (11.7 euros/m²) and Aveiro (11.7 euros/m²). In the mid-range are Braga (10.2 euros/m²), Viana do Castelo (9.2 euros/m²), Leiria (9 euros/m²) and Santarém (8.9 euros/m²).

The most affordable district capitals for renting a home continue to be Viseu (7.9 euros/m²), Vila Real (7.4 euros/m²) and Castelo Branco (6.8 euros/m²), in addition to Bragança (6 euros/m²), according to idealista data.

Price of homes for rent in major cities
Median value in November (euros/m²/month)
Variation between November 2025 and the same month of the previous year (%)

(Table remains as-is in the original)

Rents more expensive at district level
Of the 20 districts and islands analyzed, rental prices rose in 19 and remained practically stable on Madeira island (-0.5%), according to idealista data.

The largest annual increases in rents were recorded in Beja (16.1%), Guarda (14.9%), Castelo Branco (14.1%), Viana do Castelo (13.1%), São Miguel island (11.3%), Portalegre (10.8%), Santarém (9.4%), Faro (9.3%), Vila Real (8.3%), Coimbra (8.1%) and Viseu (8.1%). This was followed by increases in Leiria (6.9%), Aveiro (6.2%), Braga (5.6%), Setúbal (5.3%), Évora (4.2%), Lisbon (2.7%), Porto (1.7%) and Bragança (0.6%).

In the ranking of the most expensive districts and islands to rent a home, Lisbon leads with 20.5 euros/m², followed by Porto (15.8 euros/m²), Faro (15.6 euros/m²), Madeira island (15 euros/m²), Setúbal (14.1 euros/m²), Coimbra (11.3 euros/m²), São Miguel island (11.3 euros/m²), Évora (10.8 euros/m²), Beja (10.2 euros/m²), Aveiro (10.2 euros/m²) and Braga (10.2 euros/m²). Next are Leiria (10.1 euros/m²) and Viana do Castelo (9.6 euros/m²).

Among the most affordable residential rental markets are Santarém (8.9 euros/m²), Castelo Branco (8.1%), Vila Real (8 euros/m²), Viseu (7.8 euros/m²), Portalegre (7.7 euros/m²), Guarda (6.9 euros/m²) and Bragança (5.7 euros/m²).

Price of homes for rent by districts and islands
Median value in November (euros/m²/month)
Variation between November 2025 and the same month of the previous year (%)

(Table remains as-is in the original)

Rents in Madeira fall slightly
Rental prices increased in six of the seven Portuguese regions in the year ending in November, with only one decline registered in the Autonomous Region of Madeira (-0.8%).

The largest annual increases in rents occurred in Alentejo (9.8%), followed by the Algarve (9.3%), Centre (8%), Autonomous Region of the Azores (7.4%), Lisbon Metropolitan Area (2.7%) and the North (1.4%).

The Lisbon Metropolitan Area remains the most expensive region in the country to rent a home, with 19.8 euros/m², followed by the Algarve (15.6 euros/m²), the Autonomous Region of Madeira (14.9 euros/m²) and the North (14.4 euros/m²). More affordable values are found in Alentejo (11.3 euros/m²), the Autonomous Region of the Azores (10.3 euros/m²) and the Centre (10 euros/m²), which remains among the most economical areas to rent a home in Portugal.

Homes for rent
Homes in Madeira CC_by-sa_4.0_by_diego_delso

idealista real estate price index
To produce the idealista real estate price index, asking prices (based on constructed square meters) published by idealista advertisers are analyzed. Atypical listings and those with out-of-market prices are removed from the statistics.

We also include the “single-family homes” typology and discard all listings in our database that have been inactive for some time without any type of user interaction. The final result is obtained through the median of all valid listings in each market.