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Renting in Lisboa or Faro: which is cheaper?
Faro is 42.7% cheaper than Lisboa: €9.67/m² against €16.89/m² (median of new leases, 2025). An 85 m² T2 costs about €1,420 in Lisboa and €780 in Faro.
- Official INE data 2020–2026
- Up to Q2 2026
- Updated 11 October 2026
New lease rents, not asking prices.
Key figures
Lisboa vs Faro at a glance
- Median per m² in Faro vs Lisboa (2025)
- −42.7%
- 85 m² T2 per month, Lisboa vs Faro (estimate)
- €1,420 vs 780
- Change in a year (2024 → 2025): Lisboa vs Faro
- +3.6% vs +8.3%
- National rank: Lisboa vs Faro
- 1st vs 30th
Side by side
| Indicator | Lisboa | Faro | Faro vs Lisboa |
|---|---|---|---|
| Median per m² (2025) | €16.89/m² | €9.67/m² | −42.7% |
| 85 m² T2 per month (estimate) | €1,420 | €780 | −44.9% |
| Change 2024 → 2025 | +3.6% | +8.3% | +4.7 p.p. |
| 12 months to Q2 2026 | €17.43/m² | €10.29/m² | −41.0% |
| National rank | 1st / 247 | 30th / 247 | |
| New leases (2025) | 17,084 | 1,169 | −93.2% |
The last column is the second city against the first. The T2 rent is an Aluseg estimate (median per m² × size × 85 m²); every other figure is INE's.
Median rent per m² (2025)
- Lisboa€16.89/m²
- Faro€9.67/m²
Green = the cheaper one, amber = the dearer one. Bars start at zero.
An 85 m² T2 per month
- Lisboa€1,420
- Faro€780
Aluseg estimate for an 85 m² T2.
Trend
Since 2020: Lisboa and Faro
- Lisboa municipality
- Faro municipality
- Portugal
Show every year's values
| Year | Lisboa municipality | Faro municipality | Portugal |
|---|---|---|---|
| 2020 | 11.54€/m² | 6.56€/m² | 5.79€/m² |
| 2021 | 11.34€/m² | 6.72€/m² | 6.31€/m² |
| 2022 | 12.99€/m² | 7.50€/m² | 6.88€/m² |
| 2023 | 15.38€/m² | 8.02€/m² | 7.62€/m² |
| 2024 | 16.31€/m² | 8.93€/m² | 8.47€/m² |
| 2025 | 16.89€/m² | 9.67€/m² | 9.29€/m² |
Since 2020, the median in Lisboa moved +46.4% and in Faro +47.4%: they rose at a similar pace.
Monthly rent from T0 to T4
| Size | Reference area | Lisboa | Faro | Faro vs Lisboa |
|---|---|---|---|---|
| T0 or T1 | 48 m² | €970 | €560 | −42.4% |
| T2 | 85 m² | €1,420 | €780 | −44.9% |
| T3 | 115 m² | €1,800 | €910 | −49.3% |
| T4+ | 145 m² | €2,020 | €910 | −54.8% |
Aluseg estimate: median €/m² (2025) adjusted by the gap between sizes INE measures and multiplied by a reference floor area. See the full note on the Lisboa and Faro pages.
What the numbers say
Which is cheaper. Faro is 42.7% cheaper than Lisboa: €9.67/m² against €16.89/m² (median of new leases, 2025). For an 85 m² T2 the gap is about €635 a month (€7,645 a year).
The trend. Between 2024 and 2025, the median rent in Lisboa moved +3.6% and in Faro +8.3%: Faro rose 4.7 percentage points faster. The cheaper city is rising faster, so the gap tends to narrow.
The market. Lisboa ranks 1st of the 247 municipalities with INE data and Faro 30th; 17,084 new leases were filed in Lisboa and 1,169 in Faro in 2025.
In detail
Each municipality, with parishes, sizes and trend
FAQ: Lisboa vs Faro
Where is renting cheaper: Lisboa or Faro?
Faro is 42.7% cheaper than Lisboa: €9.67/m² against €16.89/m² (median of new leases, 2025). An 85 m² T2 is about €1,420/month in Lisboa and €780/month in Faro (Aluseg estimate).
Are rents rising faster in Lisboa or Faro?
Between 2024 and 2025, the median moved +3.6% in Lisboa and +8.3% in Faro. Since 2020, the cumulative change is +46.4% and +47.4%.
Where do these figures come from?
From INE (local housing rent statistics): the median €/m² of new leases filed with the Tax Authority, not asking prices from listings. The T2 rent is an Aluseg estimate. You can compare any other municipality.
Compare
Other popular comparisons
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- Coimbra vs Aveiro€9.19/m² vs €9.29/m²
- Lisboa vs Oeiras€16.89/m² vs €15.02/m²
- Porto vs Matosinhos€14.13/m² vs €12.11/m²
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- Lisboa vs Amadora€16.89/m² vs €12.76/m²
- Braga vs Guimarães€8.38/m² vs €6.45/m²
- Faro vs Loulé€9.67/m² vs €11.95/m²
- Lisboa vs Almada€16.89/m² vs €12.98/m²
- Cascais vs Oeiras€16.22/m² vs €15.02/m²
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Sources and methodology
Source: INE (Statistics Portugal), Estatísticas de Rendas da Habitação ao nível local (Metodologia 2026) (indicators 0014773, 0014772, 0014711, 0014696, 0014707, 0014706, 0014704). Rents of new lease contracts declared to the Tax Authority, not asking prices from listings. Years 2020 to 2025; last-12-month series up to Q2 2026.
What is an Aluseg estimate: monthly rent by size (median €/m² × INE ratio by size × reference area) and the floor-area calculator. Every other figure is INE's, unchanged. A value INE does not publish (too few leases) shows as n/p and is never filled in by us.
Maps: administrative boundaries from CAOP 2025, Direção-Geral do Território (Portugal), CC BY 4.0, simplified by Aluseg.
Data extracted from the INE API on 11 October 2026. Download every value as CSV · Aluseg Rent Index
Photo: Guilherme Marques, Pexels License, Pexels