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Lisbon, 7 October 2026. The median rent on new rental contracts in Portugal reached €10.17/m² in the second quarter of 2026, up 10.2% year on year, according to INE. That is almost four times the update coefficient landlords can apply to existing leases in 2027 (2.56%). Aluseg's quarterly rent report shows the rise is spread across the country: in 155 of the 176 municipalities with reliable data, the rent of a 2-bedroom (T2) rose by more than 2.56% over the last 12 months.

Three numbers

• +10.2%: year-on-year rise in the median rent on new leases in Q2 2026 (€10.17/m²), after +9.1% in Q1. Source: INE.
• 155 of 176 municipalities (88%): municipalities where the rent of a T2 rose by more than the 2027 legal coefficient (2.56%) in the 12 months to Q2 2026. In the median municipality the rise was 9.3%. Source: Aluseg, based on INE data.
• Lisbon, +5.1%: the most expensive municipality (€17.79/m²) rises at half the national pace. Source: INE.

Other highlights

• 35,407 new rental contracts were signed in the quarter, +0.4% in a year (INE): prices rise while the volume of contracts is stable.
• Among the large municipalities, the biggest rises in a T2 were in Santa Maria da Feira (+20.7%), Funchal (+18.0%) and Loures (+14.2%).
• Over the last 12 months, among municipalities with at least 100 new contracts, the biggest rises in a T2 were in Sines (+29.1%), Coruche (+23.6%) and Soure (+21.4%); the biggest falls in Sobral de Monte Agraço (-4.8%) and São Brás de Alportel (-4.7%).

Methodology: national and regional figures from INE (release of 29 September 2026), quoted as published. Municipality figures: INE, Housing Rent Statistics at local level. These are rents of new contracts, not asking prices. The rent of a T2 is an Aluseg estimate (INE €/m² applied to 85 m²).