Rents by municipality · Madeira region
How much does it cost to rent in Funchal?
A 2-bedroom (T2) in Funchal let for a median €1,117/month on new leases in 2025, up 3.4% on 2024. It is the most expensive of the 6 municipalities of the Madeira region with INE data.
- INE data 2025
- Updated October 2026
- Confidence: high
Key figures
Renting in Funchal in 2025
- Median rent of a T2 (2-bed, 2025)
- €1,117
- Median per m², T2 (2025)
- €13.14/m²
- Change 2024 → 2025
- +3.4%
- Rank in the Madeira region (most to least expensive)
- 1st of 6
Rents by size in Funchal (2025)
| Size | Median rent | Typical range¹ | €/m² | Reference area |
|---|---|---|---|---|
| T0 (studio) | €581 | €408–€755 | 15.30 | 38 m² |
| T1 (1-bed) | €887 | €622–€1,152 | 15.30 | 58 m² |
| T2 (2-bed) | €1,117 | €783–€1,450 | 13.14 | 85 m² |
| T3 (3-bed) | €1,349 | €947–€1,752 | 11.73 | 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 Funchal
- 2024€1,080
- 2025€1,117
- Q2 2026€1,246
In Q2 2026, INE recorded a median of €1,246/month for a T2 (+18.0% on Q2 2025). This quarterly series is separate and not directly comparable with the annual figures.
Funchal vs the Madeira region and Portugal
- Funchal€1,117
- Region€575
- Portugal€498
A T2 in Funchal rents 94.3% above the median of the Madeira region and at 2.2 times the national median.
Municipalities of the Madeira region with similar rents
| Municipality | T2 (2025) | Change 2024 → 2025 |
|---|---|---|
| Santa Cruz | €887 | +12.6% |
| Câmara de Lobos | €608 | +9.4% |
| Calheta | €542 | −3.9% |
| Ribeira Brava | €516 | −31.2% |
| Machico | €501 | −23.0% |
All municipalities in the Madeira region guide.
Next steps
Letting in Funchal: free tools
Estimate your property's rent
Enter the size and floor area and get the rent range in Funchal.
Open the simulatorUpdate the rent in 2027
Calculate the new rent with the 1.0256 coefficient and generate the letter to the tenant.
Calculate the updateCalculate tax on rental income
Compare the flat rate, the reduced rates for long leases and aggregation.
Calculate the tax
Manage your lease with Aluseg
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FAQ: renting in Funchal
What is the average rent of a 2-bedroom in Funchal?
INE publishes the median (more robust than the average): in 2025, a T2 in Funchal let for €1,117/month on new leases, for an 85 m² reference area. Roughly half of the leases fall between €783 and €1,450.
Are rents rising in Funchal?
Yes: +3.4% between 2024 and 2025 for a T2. The latest figure (Q2 2026) is €1,246/month.
Is Funchal more expensive than the rest of the Madeira region?
Funchal ranks 1st of the 6 municipalities of the Madeira region with data (T2, 2025). Their median is €575/month, against €1,117 in Funchal.
How much can I raise the rent in Funchal 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 €1,117, that is at most €1,146. 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.