Median Rent and Evolution (2026)
Median rent for a 2-bedroom apartment in Lisbon: €1,617 in Q1 2026, up 8.9% year-on-year. Evolution, priciest areas and comparison with Porto, Braga and Coimbra — Aluseg Rent Index (INE data).
Aluseg Rent Index · Data: INE, Q1 2026 · Updated July 2026
In Lisbon, the median rent for a T2 apartment is €1,617 in Q1 2026 — a year-on-year increase of +8.9% and +5.2% quarter-on-quarter. It is the most expensive municipality in the country to rent in.
Median rent for a T2 · Q1 2026
Year-on-year change (vs. Q1 2025)
Quarter-on-quarter change (vs. Q4 2025)
Most expensive municipality among the 24 urban areas in the INE series
The indicator is the median rent of new contracts (not the average) — see the methodology. Geographic level: municipality.
| Indicator | Value | Period |
|---|---|---|
| Median rent for a T2 (Lisbon municipality) | 1.617 € | Q1 2026 |
| Year-on-year change | +8,9% | Q1 2026 vs. Q1 2025 |
| Quarter-on-quarter change | +5,2% | Q1 2026 vs. Q4 2025 |
| Annual median rent for a T2 | 1.491 € | 2025 |
| Annual change | +3,0% | 2025 vs. 2024 |
| Position among the 24 urban municipalities | 1.º (most expensive) | Q1 2026 |
Lisbon is the exception in the urban market at the start of 2026: while the median rent fell in 15 of 24 urban municipalities quarter-on-quarter, in Lisbon it rose +5.2% in a single quarter and passed 1,600 € for a T2.
The pace picked up at the turn of the year: in the annual series, the 2025 median (1,491 €) had risen +3.0% versus 2024; in Q1 2026, the year-on-year change reaches +8.9%. Across the Lisbon district as a whole, the annual increase in 2025 was +6.5% (T2, 2024→2025).
The quarterly series above aggregates the 24 urban municipalities — not just Lisbon. It serves as a reference for the urban market trend.
Medians by unit type are available at the national level (Portugal). This edition of the Index does not publish medians by unit type at the municipality level.
| Unit Type | Median 2024 | Median 2025 | Change |
|---|---|---|---|
| T0 | 408 € | 439 € | +7,5% |
| T1 | 623 € | 670 € | +7,5% |
| T2 | 683 € | 734 € | +7,4% |
| T3 | 824 € | 885 € | +7,3% |
| T4+ | 846 € | 909 € | +7,4% |
As a point of reference: a T2 in Lisbon costs more than double the national median for a T2 (1.617 € in Q1 2026 vs. 734 € in the 2025 annual median).
Figures by municipality (not by neighborhood) in the Lisbon Metropolitan Area and neighboring municipalities, ranked by median T2 rent in Q1 2026:
| # (24 urban) | Municipality | T2 Rent (Q1 2026) | YoY | QoQ |
|---|---|---|---|---|
| 1 | Lisbon | 1.617 € | +8,9% | +5,2% |
| 2 | Cascais | 1.424 € | +3,9% | -5,1% |
| 3 | Oeiras | 1.370 € | +7,6% | +1,3% |
| 4 | Almada | 1.278 € | +18,3% | +2,1% |
| 7 | Odivelas | 1.163 € | +5,3% | -5,3% |
| 8 | Amadora | 1.136 € | +4,3% | -2,0% |
| 10 | Loures | 1.052 € | +9,2% | -7,0% |
| 11 | Seixal | 1.043 € | +3,9% | -1,9% |
| 12 | Vila Franca de Xira | 1.035 € | +11,2% | -1,3% |
| 13 | Sintra | 1.016 € | +5,3% | -3,9% |
| 14 | Setúbal | 1.007 € | +4,2% | -2,3% |
The 2026 pattern is clear in the data: the center (Lisbon) keeps climbing, while much of the periphery pulled back this quarter — Loures (−7.0%), Odivelas (−5.3%), Cascais (−5.1%) and Sintra (−3.9%) post the region’s steepest quarterly declines.
Year-on-year, the region’s biggest increases in Q1 2026 are on the south bank and along peripheral corridors: Almada (+18.3%), Vila Franca de Xira (+11.2%) and Loures (+9.2%) — all above Lisbon itself (+8.9%).
In the 2025 annual series, Azambuja was the municipality in the Lisbon district with the largest increase: +22.0%, to €709 for a T2 — the country’s 8th-largest increase.
For the municipality of Faro, no median rent is published in this edition — see the district-level analysis in rents in the Algarve (Faro district).
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The Aluseg Rent Index aggregates median housing rents by municipality, district and unit type, based on 42,037 records. Primary source: INE — Statistics Portugal (housing rents, 2024 and 2025; quarterly series through Q1 2026). The figures on this page refer to the T2 unit type, the most representative of the rental market, and report new contracts — they do not reflect rents under existing contracts, whose annual update is capped at the legal coefficient (2.24% in 2026).
The indicator is the median (the central value: half of contracts fall below it, half above), which is more robust than the average in markets with extreme values. The year-on-year change compares with the same quarter of the previous year; the quarter-on-quarter change, with the immediately preceding quarter. The figures on this page refer to the municipality of Lisbon; regional aggregates always indicate the geographic level (municipality or district).
Update frequency: every new quarter of the INE series. Current edition: data through Q1 2026 (July 2026 edition). Full methodology and national series in the Aluseg Rent Index.
Data from the Aluseg Rent Index on rents in Lisbon is free to use for editorial purposes, with citation and a link.
How to cite: “Source: Aluseg Rent Index (INE), Q1 2026.” — with a link to aluseg.com.
Last updated: July 2026 (data through Q1 2026). Breakdowns by district, municipality or unit type available on request: hello@aluseg.com. Full national tables in the Aluseg Rent Index.
for practical context on renting and putting a property on the market, see the rental market guide for the Lisbon district.
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