How much are the rents in Lisbon right now? (2026)

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We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Lisbon. If you’d like to learn more about us, you can check our presentation page.

What are typical rents in Lisbon as of 2026?

What's the average monthly rent for a studio in Lisbon as of 2026?

As of 2026, the estimated average monthly rent for a studio in Lisbon is about €950, which is also about $1,030 because Portugal uses the euro.

For most studios in Lisbon in 2026, a realistic rent range is €900 to €1,050 per month, or about $970 to $1,130, with cheaper studios usually found outside the most central parishes.

The biggest reasons studio rents in Lisbon vary are location, Metro access, renovation quality, furniture, natural light and whether the building has an elevator.

What's the average monthly rent for a 1-bedroom in Lisbon as of 2026?

As of 2026, the estimated average monthly rent for a 1-bedroom apartment in Lisbon is about €1,350, which is also about $1,460.

For most 1-bedroom apartments in Lisbon in 2026, a realistic rent range is €1,250 to €1,450 per month, or about $1,350 to $1,570.

In Lisbon, the cheapest 1-bedroom rents are usually in Benfica, Lumiar, Olivais and Carnide, while the highest rents are usually in Santo António, Misericórdia, Santa Maria Maior and Príncipe Real.

What's the average monthly rent for a 2-bedroom in Lisbon as of 2026?

As of 2026, the estimated average monthly rent for a 2-bedroom apartment in Lisbon is about €1,850, which is also about $2,000.

For most 2-bedroom apartments in Lisbon in 2026, a realistic rent range is €1,700 to €2,100 per month, or about $1,840 to $2,270.

In Lisbon, cheaper 2-bedroom apartments are more common in Benfica, Lumiar, Olivais and Carnide, while the most expensive 2-bedroom apartments are usually in Estrela, Santo António, Chiado, Baixa and the premium riverside areas.

By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Lisbon.

What's the average rent per square meter in Lisbon as of 2026?

As of 2026, the estimated average asking rent in Lisbon is about €22 per m² per month, which is also about $24 per m² per month.

Across Lisbon neighborhoods in 2026, a realistic range is about €17 to €27 per m² per month, or about $18 to $29, depending mainly on location and building quality.

Lisbon is more expensive than most Portuguese cities for rentals, with Porto usually lower and many secondary cities far below central Lisbon prices.

Properties in Lisbon usually rise above the average rent per m² when they are renovated, furnished, bright, close to the Metro, in a building with an elevator or located in Santo António, Misericórdia, Estrela or Avenidas Novas.

How much have rents changed year-over-year in Lisbon in 2026?

As of 2026, Lisbon asking rents are estimated to be down by about 3% year over year, based on the latest idealista reading for May 2026.

The main reason Lisbon rents cooled in 2026 is simple: tenants still want Lisbon, but many tenants can no longer absorb the sharp rent increases seen in recent years.

This is different from 2025, when official signed-contract rents were still rising, so the 2026 Lisbon rental market looks less like a boom and more like a high-price pause.

What's the outlook for rent growth in Lisbon in 2026?

As of 2026, our estimated rent growth outlook for Lisbon is roughly 0% to 3% for the rest of the year.

The main forces that could support Lisbon rents are low rental supply, international workers, students, delayed home purchases and steady demand for renovated apartments near Metro stations.

The Lisbon neighborhoods with the strongest rent growth potential are likely to be Arroios, Areeiro, Alcântara, Marvila, Beato and well-connected parts of Lumiar and Benfica.

The main risks are tenant affordability, more regulation, weaker economic growth and the possibility that overpriced furnished rentals stay empty for longer.

Which neighborhoods rent best in Lisbon as of 2026?

Which neighborhoods have the highest rents in Lisbon as of 2026?

As of 2026, the top three high-rent areas in Lisbon are Santo António at about €27 per m², Misericórdia and Santa Maria Maior at about €25 per m², which is about $29 and $27 per m².

These Lisbon neighborhoods command premium rents because they offer central addresses, historic streets, tourist appeal, restaurants, nightlife, offices and easy access to Avenida da Liberdade, Chiado, Baixa and the river.

The typical tenants in these high-rent Lisbon neighborhoods are international professionals, executives, digital workers, wealthy couples and some corporate tenants who want a furnished and central apartment.

By the way, we’ve written a blog article detailing Sources and methodology: we used idealista, Imovirtual and JLL. We ranked neighborhoods by €/m² and rental liquidity. We then checked whether the tenant profile matched live listings.

Where do young professionals prefer to rent in Lisbon right now?

The top Lisbon neighborhoods for young professionals are Arroios, Avenidas Novas and Alcântara, with Anjos, Intendente, Saldanha, Areeiro, Marvila and Beato also very active.

Young professionals in these Lisbon neighborhoods usually pay about €1,200 to €1,700 per month, or about $1,300 to $1,840, for a studio or 1-bedroom apartment.

Young professionals choose these Lisbon areas because they offer Metro access, coworking spaces, nightlife, cafés, gyms, restaurants and faster commutes to office areas.

By the way, you will find a detailed tenant analysis in our property pack covering the real estate market in Lisbon.

Where do families prefer to rent in Lisbon right now?

The top Lisbon neighborhoods for families are Alvalade, Campo de Ourique and Parque das Nações, with Benfica, Lumiar, Telheiras and São Domingos de Benfica also popular.

Families in these Lisbon neighborhoods usually pay about €1,700 to €2,800 per month, or about $1,840 to $3,020, for good 2-bedroom and 3-bedroom apartments.

Families like these Lisbon areas because the buildings often have larger layouts, elevators, parking, parks, calmer streets, supermarkets and easier school routines.

Good educational options near these family-friendly Lisbon areas include Lycée Français Charles Lepierre near Amoreiras, St Julian’s access from western Lisbon, Colégio Moderno near Campo Grande and public schools around Alvalade and Telheiras.

Which areas near transit or universities rent faster in Lisbon in 2026?

As of 2026, the fastest-renting Lisbon areas near transit or universities are Entrecampos, Cidade Universitária and Saldanha, with Alameda, Arroios, Areeiro, Telheiras and Odivelas edge locations also strong.

Correctly priced rentals in these high-demand Lisbon areas often stay listed for about 7 to 21 days, while overpriced or poorly presented apartments can take much longer.

A Lisbon apartment within walking distance of the Metro, Iscte, Universidade de Lisboa or major office clusters can often earn a premium of about €100 to €250 per month, or about $110 to $270.

Which neighborhoods are most popular with expats in Lisbon right now?

The top Lisbon neighborhoods for expats are Príncipe Real, Chiado and Estrela, with Cais do Sodré, Santos, Campo de Ourique, Arroios, Alcântara and Parque das Nações also very popular.

Expats in these Lisbon neighborhoods often pay about €1,400 to €2,500 per month, or about $1,510 to $2,700, depending on size, furniture and exact location.

These Lisbon neighborhoods attract expats because they are central, walkable, international, close to restaurants and cafés, and easier to manage without deep local knowledge.

The most visible expat communities in these areas often include French, Brazilian, American, British, German and other European residents, although exact neighborhood-level shares are not officially published.

And if you are also an expat, you may want to read our Sources and methodology: we used idealista, JLL and Imovirtual. We looked at furnished listings and premium rent zones. We also used our own expat-demand observations for Lisbon.

Who rents, and what do tenants want in Lisbon right now?

What tenant profiles dominate rentals in Lisbon?

The three main tenant profiles in Lisbon are Portuguese young professionals, international workers and students, with families also important in larger 2-bedroom and 3-bedroom rentals.

Our practical estimate is that Portuguese young professionals represent about 35% of demand, international workers about 30%, students about 20% and family renters about 15%.

Young professionals usually want T1 or small T2 apartments, international workers often want furnished T0 or T1 units, students want rooms or small flats, and families want larger T2 or T3 homes.

If you want to optimize your cashflow, you can read our Sources and methodology: we used OECD, Iscte and idealista. We used official affordability and student signals. We added our own tenant segmentation from Lisbon listing patterns.

Do tenants prefer furnished or unfurnished in Lisbon?

In Lisbon, our estimate is that about 55% of small-apartment tenants prefer furnished rentals, while about 45% prefer unfurnished or semi-furnished rentals.

A furnished Lisbon apartment can usually command a rent premium of about €100 to €200 per month, or about $110 to $220, when the furniture is modern and useful.

Furnished rentals in Lisbon are most popular with international workers, digital workers, students, short-term assignees and tenants who do not want to buy furniture immediately.

Which amenities increase rent the most in Lisbon?

The five amenities that usually increase Lisbon rent the most are air conditioning, elevator access, balcony or terrace, parking and a modern equipped kitchen.

In Lisbon, these amenities can add about €50 to €250 per month each, or about $55 to $270, with parking and outdoor space often creating the largest premium.

In our property pack covering the real estate market in Lisbon, we cover what are the best investments a landlord can make.

What renovations get the best ROI for rentals in Lisbon?

The five best ROI renovations for Lisbon rentals are repainting, better lighting, AC or heat pump installation, bathroom refresh and kitchen refresh.

In Lisbon, these upgrades can cost roughly €500 to €8,000, or about $540 to $8,640, and can raise rent by about €50 to €300 per month when the flat was outdated before.

Landlords in Lisbon should usually avoid luxury over-renovation, very expensive designer furniture and costly upgrades that push a mid-market apartment above the rent ceiling of its neighborhood.

How strong is rental demand in Lisbon as of 2026?

What's the vacancy rate for rentals in Lisbon as of 2026?

As of 2026, our estimate for market-ready long-term rental vacancy in Lisbon is about 3% to 4%.

Across Lisbon, realistic vacancy can be around 2% to 3% in well-connected areas such as Arroios, Avenidas Novas and Alvalade, and closer to 5% or more for overpriced or poorly located units.

Lisbon’s current rental vacancy appears low by normal market standards, even though the city has more empty homes in the census because many of those homes are not ready or available for long-term rent.

Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Lisbon.

How many days do rentals stay listed in Lisbon as of 2026?

As of 2026, a correctly priced Lisbon rental usually stays listed for about 7 to 21 days.

In Lisbon, studios and 1-bedroom apartments near the Metro can move in one to three weeks, while overpriced luxury units, dark flats and weak locations can take 30 to 60 days.

Compared with one year ago, days on market in Lisbon look slightly longer for expensive units, because tenants are more selective and asking rents have already reached high levels.

Which months have peak tenant demand in Lisbon?

The peak months for tenant demand in Lisbon are usually August, September and October, with January and February as a smaller second peak.

Lisbon rental demand rises in late summer because students, Erasmus arrivals, new workers and relocating families all search before the academic and business year starts.

The lowest demand months in Lisbon are usually November, December and parts of July, although well-priced apartments near Metro stations can still rent quickly.

What will my monthly costs be in Lisbon as of 2026?

What property taxes should landlords expect in Lisbon as of 2026?

As of 2026, a typical Lisbon landlord might pay about €500 to €700 per year in IMI property tax, or about $540 to $760, for a small apartment with a moderate taxable value.

In Lisbon, a realistic annual IMI range is roughly €300 to €1,200, or about $320 to $1,300, depending on the official taxable value of the property.

Lisbon IMI is calculated on the Portuguese taxable value, called VPT, and Lisbon’s urban property rate is 0.3%, which means a €180,000 VPT creates about €540 of annual IMI.

Please note that, in our property pack covering the real estate market in Lisbon, we cover what exemptions or deductions may be available to reduce property taxes for landlords.

What utilities do landlords often pay in Lisbon right now?

In Lisbon long-term rentals, landlords most often pay condominium fees, building insurance, IMI, major repairs and sometimes internet in furnished student or expat rentals.

Typical landlord-paid monthly costs in Lisbon can be around €40 to €120 for condominium fees, €10 to €25 for insurance and €30 to €60 for internet when the landlord includes it.

The common Lisbon practice is that tenants pay electricity, gas, water, internet and TV directly, while landlords pay building-level costs and larger repairs.

How is rental income taxed in Lisbon as of 2026?

As of 2026, an individual landlord in Lisbon is generally taxed on residential rental income under Portuguese rules, with the standard long-term housing rent rate commonly around 25% before possible reductions.

Lisbon landlords can often deduct eligible property costs such as condominium fees, IMI, insurance, repairs, maintenance and other documented expenses linked to the rental property.

The most common Lisbon tax mistakes are forgetting to register the lease, ignoring electronic rent receipts, mixing personal and rental expenses, and assuming the tourist-rental rules are the same as long-term housing rules.

We cover these mistakes, among others, in our Sources and methodology: we used Portal das Finanças, Portal da Habitação and Lisbon City Council. We used official tax and rent-update references. We kept the explanation simple because each landlord’s tax status can differ.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Portugal versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

What sources have we used to write this blog article?

Whether it’s in our blog articles or the market analyses included in our property pack about Lisbon, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.

We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.

Source	Why this source is reliable	How we used this source
INE, Housing rents at local level	INE is Portugal’s national statistics office, so it is the strongest source for signed rental contracts.	We used INE as the official base for real contract rents in Lisbon. We compared it with asking rents to avoid relying only on listings.
idealista Lisbon rental price report	idealista is one of the main property portals in Portugal and gives monthly asking-rent data.	We used idealista for Lisbon asking rents in 2026 and parish-level differences. We treated this as asking-price data, not final signed rents.
Imovirtual Lisbon rental listings	Imovirtual is a major Portuguese property portal with live rental listings.	We used Imovirtual to check real advertised apartments in Lisbon. We used these listings to test whether our rent ranges looked realistic.
Imovirtual January 2026 barometer via The Portugal News	This article reports Imovirtual’s rent barometer and gives a useful early-2026 rent signal.	We used it to check Lisbon district rent pressure at the start of 2026. We adjusted it carefully because district data is broader than Lisbon municipality.
JLL Portugal Residential Market Dynamics Q1 2026	JLL is a large real estate advisory firm with institutional research on Portugal.	We used JLL for market direction and supply-demand context. We did not use it as the main rent source because it is less granular than portal and INE data.
CBRE Portugal Real Estate Market Outlook 2026	CBRE is a global real estate advisory firm with local Portugal market research.	We used CBRE to understand the broader 2026 property outlook. We cross-checked that outlook with official macroeconomic sources.
Banco de Portugal, June 2026 Economic Bulletin	Banco de Portugal is Portugal’s central bank and is a key source for macroeconomic forecasts.	We used it for the 2026 economic background. We used the macro context to judge whether Lisbon rents can keep rising in real terms.
OECD Economic Survey Portugal 2026	The OECD gives independent policy analysis on Portugal’s housing affordability challenge.	We used the OECD to explain why Lisbon demand remains strong but affordability is stretched. We connected that policy view to local rent data.
European Commission Country Report Portugal 2026	The European Commission gives official economic and social analysis for Portugal.	We used it to frame the broader housing-affordability backdrop in Portugal. We used it for direction, not exact Lisbon rent levels.
Portal da Habitação, rent update coefficients	Portal da Habitação compiles the official legal rent-update coefficients.	We used it to confirm the 2026 legal rent-update framework. We used that framework to discuss realistic rent growth for existing leases.
Portal das Finanças, rental income taxation	Portal das Finanças is Portugal’s tax authority and is the primary source for landlord tax rules.	We used it to explain rental income taxation in Portugal. We kept the tax explanation simple because individual tax results vary.
Portal das Finanças, IMI rates	The tax authority publishes official municipal property-tax rates.	We used it to verify how landlords can check IMI rates. We compared it with Lisbon City Council’s local tax page.
Lisbon City Council, municipal taxes	Lisbon City Council is the direct source for Lisbon’s local property-tax decisions.	We used it for Lisbon’s 2026 urban IMI rate. We then converted that annual tax into easy monthly cost examples.
INE Census 2021 housing tables	Census data is the most complete official source for housing stock and vacant dwellings.	We used it to understand Lisbon’s older housing stock and empty-home structure. We separated empty homes from actual market-ready rental vacancy.
Iscte “em números”	Iscte’s own data is the direct source for its student base.	We used it to support student-driven demand around Entrecampos, Avenidas Novas and the Metro yellow line. We checked that demand against university-area listings.