Rents by municipality · Faro district
How much does it cost to rent in Faro?
In 2025, the median rent of a 2-bedroom (T2) in Faro was €795/month on new leases, 8.3% more than in 2024. It sits mid-table in the Faro district: 6th of 15 municipalities with data.
- INE data 2025
- Updated October 2026
- Confidence: high
Key figures
Renting in Faro in 2025
- Median rent of a T2 (2-bed, 2025)
- €795
- Median per m², T2 (2025)
- €9.35/m²
- Change 2024 → 2025
- +8.3%
- Rank in the Faro district (most to least expensive)
- 6th of 15
Rents by size in Faro (2025)
| Size | Median rent | Typical range¹ | €/m² | Reference area |
|---|---|---|---|---|
| T0 (studio) | €435 | €311–€592 | 11.44 | 38 m² |
| T1 (1-bed) | €664 | €475–€903 | 11.44 | 58 m² |
| T2 (2-bed) | €795 | €569–€1,082 | 9.35 | 85 m² |
| T3 (3-bed) | €976 | €699–€1,329 | 8.49 | 115 m² |
¹ Between the 1st and 3rd quartile: roughly half of the new leases fall within this range. T4+ (4-bed or more): not shown, sample too small in 2025.
How T2 rents have moved in Faro
- 2024€734
- 2025€795
- Jul 25–Jun 26€846
Over the 12 months to Q2 2026, the median was €846/month (+6.4% vs 2025).
Faro vs the Faro district and Portugal
- Faro€795
- District€768
- Portugal€498
A T2 in Faro rents 3.5% above the median of the Faro district and 59.6% above the national median.
Municipalities of the Faro district with similar rents
| Municipality | T2 (2025) | Change 2024 → 2025 |
|---|---|---|
| Vila Real de Santo António | €783 | +8.3% |
| Lagoa | €768 | +11.1% |
| Silves | €764 | +2.3% |
| Vila do Bispo | €731 | −0.4% |
| Castro Marim | €716 | +2.7% |
All municipalities in the Faro district guide.
Next steps
Letting in Faro: free tools
Estimate your property's rent
Enter the size and floor area and get the rent range in Faro.
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Calculate the new rent with the 1.0256 coefficient and generate the letter to the tenant.
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FAQ: renting in Faro
What is the average rent of a 2-bedroom in Faro?
INE publishes the median (more robust than the average): in 2025, a T2 in Faro let for €795/month on new leases, for an 85 m² reference area. Roughly half of the leases fall between €569 and €1,082.
Are rents rising in Faro?
Yes: +8.3% between 2024 and 2025 for a T2. The latest figure (12 months to Q2 2026) is €846/month.
Is Faro more expensive than the rest of the Faro district?
Faro ranks 6th of the 15 municipalities of the Faro district with data (T2, 2025). Their median is €768/month, against €795 in Faro.
How much can I raise the rent in Faro in 2027?
On a running lease, by up to 2.56% (coefficient 1.0256, Aviso n.º 24199/2026/2), with at least 30 days' written notice to the tenant. On a rent of €795, that is at most €815. Use the rent update calculator.
Sources and methodology
Source: INE (Statistics Portugal), local housing rent statistics (periods: 2024; 2025; 12 months to Q2 2026; Q2 2026). Rents of new lease contracts, not asking prices from listings.
Method: INE publishes the median €/m² per municipality. Figures by size are Aluseg estimates: the municipality's €/m² adjusted by the NUTS III ratios by size and applied to a reference floor area (T0 38 m², T1 58 m², T2 85 m², T3 115 m², T4+ 145 m²); the range uses INE's 1st and 3rd quartile for the municipality. The quarterly series, when shown, is published by INE for the largest municipalities only. District and national medians are the median of the municipalities with data. This page is published only for municipalities with a high-confidence sample. Data extracted October 2026. More series in the Aluseg Rent Index.