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Renting in Lisboa or Porto: which is cheaper?
Porto is 16.3% cheaper than Lisboa: €14.13/m² against €16.89/m² (median of new leases, 2025). An 85 m² T2 costs about €1,420 in Lisboa and €1,065 in Porto.
- Official INE data 2020–2026
- Up to Q2 2026
- Updated 11 October 2026
New lease rents, not asking prices.
Key figures
Lisboa vs Porto at a glance
- Median per m² in Porto vs Lisboa (2025)
- −16.3%
- 85 m² T2 per month, Lisboa vs Porto (estimate)
- €1,420 vs 1,065
- Change in a year (2024 → 2025): Lisboa vs Porto
- +3.6% vs +7.0%
- National rank: Lisboa vs Porto
- 1st vs 4th
Side by side
| Indicator | Lisboa | Porto | Porto vs Lisboa |
|---|---|---|---|
| Median per m² (2025) | €16.89/m² | €14.13/m² | −16.3% |
| 85 m² T2 per month (estimate) | €1,420 | €1,065 | −25.1% |
| Change 2024 → 2025 | +3.6% | +7.0% | +3.4 p.p. |
| 12 months to Q2 2026 | €17.43/m² | €14.48/m² | −16.9% |
| Q2 2026 | €17.79/m² | €14.66/m² | −17.6% |
| National rank | 1st / 247 | 4th / 247 | |
| New leases (2025) | 17,084 | 7,504 | −56.1% |
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
- Porto€14.13/m²
Green = the cheaper one, amber = the dearer one. Bars start at zero.
An 85 m² T2 per month
- Lisboa€1,420
- Porto€1,065
Aluseg estimate for an 85 m² T2.
Trend
Since 2020: Lisboa and Porto
- Lisboa municipality
- Porto municipality
- Portugal
Show every year's values
| Year | Lisboa municipality | Porto municipality | Portugal |
|---|---|---|---|
| 2020 | 11.54€/m² | 8.97€/m² | 5.79€/m² |
| 2021 | 11.34€/m² | 9.17€/m² | 6.31€/m² |
| 2022 | 12.99€/m² | 10.37€/m² | 6.88€/m² |
| 2023 | 15.38€/m² | 12.21€/m² | 7.62€/m² |
| 2024 | 16.31€/m² | 13.21€/m² | 8.47€/m² |
| 2025 | 16.89€/m² | 14.13€/m² | 9.29€/m² |
Since 2020, the median in Lisboa moved +46.4% and in Porto +57.5%: Porto rose faster.
Quarter by quarter
- Lisboa municipality
- Porto municipality
- Portugal
Show every quarter's values
| Quarter | Lisboa municipality | Porto municipality | Portugal |
|---|---|---|---|
| Q1 2020 | 12.00€/m² | 9.09€/m² | 5.63€/m² |
| Q2 2020 | 11.43€/m² | 8.79€/m² | 5.56€/m² |
| Q3 2020 | 11.54€/m² | 8.94€/m² | 5.86€/m² |
| Q4 2020 | 11.27€/m² | 8.95€/m² | 6.04€/m² |
| Q1 2021 | 10.91€/m² | 8.67€/m² | 5.89€/m² |
| Q2 2021 | 11.11€/m² | 8.89€/m² | 6.20€/m² |
| Q3 2021 | 11.54€/m² | 9.45€/m² | 6.38€/m² |
| Q4 2021 | 11.69€/m² | 9.63€/m² | 6.65€/m² |
| Q1 2022 | 12.00€/m² | 9.55€/m² | 6.45€/m² |
| Q2 2022 | 12.76€/m² | 10.42€/m² | 6.88€/m² |
| Q3 2022 | 13.38€/m² | 10.65€/m² | 6.95€/m² |
| Q4 2022 | 14.28€/m² | 11.06€/m² | 7.27€/m² |
| Q1 2023 | 14.48€/m² | 11.33€/m² | 7.01€/m² |
| Q2 2023 | 15.22€/m² | 12.37€/m² | 7.53€/m² |
| Q3 2023 | 15.86€/m² | 12.54€/m² | 7.81€/m² |
| Q4 2023 | 16.00€/m² | 12.87€/m² | 8.25€/m² |
| Q1 2024 | 15.60€/m² | 12.33€/m² | 7.76€/m² |
| Q2 2024 | 16.25€/m² | 13.29€/m² | 8.51€/m² |
| Q3 2024 | 16.67€/m² | 13.33€/m² | 8.67€/m² |
| Q4 2024 | 16.67€/m² | 13.86€/m² | 9.06€/m² |
| Q1 2025 | 16.13€/m² | 13.64€/m² | 8.67€/m² |
| Q2 2025 | 16.93€/m² | 13.90€/m² | 9.23€/m² |
| Q3 2025 | 17.26€/m² | 14.06€/m² | 9.49€/m² |
| Q4 2025 | 17.11€/m² | 14.58€/m² | 9.78€/m² |
| Q1 2026 | 17.42€/m² | 14.60€/m² | 9.46€/m² |
| Q2 2026 | 17.79€/m² | 14.66€/m² | 10.17€/m² |
A single quarter has fewer leases and swings more than the annual series.
Monthly rent from T0 to T4
| Size | Reference area | Lisboa | Porto | Porto vs Lisboa |
|---|---|---|---|---|
| T0 or T1 | 48 m² | €970 | €785 | −18.9% |
| T2 | 85 m² | €1,420 | €1,065 | −25.1% |
| T3 | 115 m² | €1,800 | €1,275 | −29.2% |
| T4+ | 145 m² | €2,020 | €1,350 | −33.2% |
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 Porto pages.
What the numbers say
Which is cheaper. Porto is 16.3% cheaper than Lisboa: €14.13/m² against €16.89/m² (median of new leases, 2025). For an 85 m² T2 the gap is about €355 a month (€4,265 a year).
The trend. Between 2024 and 2025, the median rent in Lisboa moved +3.6% and in Porto +7.0%: Porto rose 3.4 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 Porto 4th; 17,084 new leases were filed in Lisboa and 7,504 in Porto in 2025.
In detail
Each municipality, with parishes, sizes and trend
FAQ: Lisboa vs Porto
Where is renting cheaper: Lisboa or Porto?
Porto is 16.3% cheaper than Lisboa: €14.13/m² against €16.89/m² (median of new leases, 2025). An 85 m² T2 is about €1,420/month in Lisboa and €1,065/month in Porto (Aluseg estimate).
Are rents rising faster in Lisboa or Porto?
Between 2024 and 2025, the median moved +3.6% in Lisboa and +7.0% in Porto. Since 2020, the cumulative change is +46.4% and +57.5%.
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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Manage your lease with Aluseg
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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