Rentals · Lisbon
Apartments for rent in Lisbon
Lisbon leads the national rental market, with demand consistently outstripping available supply. Apartment rentals in the capital reached new highs in 2024, driven by the concentration of tech companies and multinationals between Parque das Nações and Alcântara. For landlords, Lisbon offers the highest rental yields in the country; for tenants, it demands preparation and quick decision-making.
- Data updated: 1 June 2026
- Confidence: High
- Annual trend: +9.0%
Market prices
How much does it cost to rent apartments in Lisbon
- Minimum rent per month
- €950
- Median rent per month
- €1,350
- Maximum rent per month
- €2,100
- Price per m² (monthly rent)
- €16.5/m²
- Demand index
- Very high
- Year-on-year change in the median rent
- +9%
Apartments dominate Lisbon's housing stock, accounting for more than 85% of residential supply. Demand is concentrated in 1-bedroom and 2-bedroom units, with historic neighbourhoods such as Mouraria, Beato and Arroios seeing the strongest recent price growth. The Mais Habitação ('More Housing') programme released some short-term rental stock onto the residential market, but without a significant impact on median prices.
The market in Lisbon
Key facts
Population
548,703 residents (2021 Census), Portugal's largest city
Rental share
42% of Lisbon households live in rented housing
Market trend
Available stock 30% below demand; average time on market under 7 days
Top areas
Parque das Nações, Príncipe Real, Campo de Ourique, Beato, Alcântara, Arroios
Average commute
32-minute average home-to-work commute (metro and bus)
Demand profile
Tech professionals, expats, digital nomads and upper-middle-class families
Practical guide
Practical guide to renting in Lisbon
Tips for landlords
- Register the tenancy agreement with the tax authority (AT) within the first 30 days
- Issue monthly rent receipts
- Keep a valid energy certificate (mandatory for listing the property)
Tips for tenants
- Prepare 2-3 months' deposit
- Get your NIF (Portuguese tax number) before signing the tenancy agreement
- Check the land registry before paying anything
FAQ
Frequently asked questions — Lisbon
What is the average rental price of apartments in Lisbon?
The median rental price of an apartment in Lisbon is €1,350/month in 2026. The amounts range from €950/month (peripheral zones) to €2,100/month or more (Premium Central Neighborhoods).
What are the cheapest neighborhoods to rent an apartment in Lisbon?
The most affordable neighborhoods in Lisbon include Benfica, Campolide, Penha de França and Olivais (€900-€1,100/month). Loures and Odivelas, bordering metro, offer even lower prices.
Is it mandatory to register the tenancy agreement with the tax authority?
Yes, the landlord is legally required to register the tenancy agreement on the Portal das Finanças (the tax authority's online portal, AT) within the first 30 days. Failure to do so carries fines between €150 and €3,750 and prevents rent from being deducted for IRS (personal income tax) purposes.
Find out the fair value of your property
Get an instant estimate based on real data from the Lisbon market.