Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 4.29% (Q2 2026). Previously, in Q4 2025, the rental yield was 4.33%.
Cities and areas compared
- Lisbon
- Porto
- Faro
- Aveiro
- Braga
- Setubal
Historical rental yields in Portugal
| LISBON - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cascais | |||
| Studio | €275,000 | €1,100 | 3.88% |
| 1-Bedroom | €575,000 | €1,500 | 3.13% |
| 2-Bedroom | €750,000 | €2,100 | 3.36% |
| 3-Bedroom | €950,000 | €3,500 | 4.42% |
| 4+Bedroom | €1,600,000 | €5,500 | 4.13% |
| Sintra | |||
| 1-Bedroom | €275,000 | €1,100 | 4.80% |
| 2-Bedroom | €290,000 | €1,250 | 5.17% |
| 3-Bedroom | €349,000 | €1,700 | 5.85% |
| Oeiras | |||
| 1-Bedroom | €339,000 | €1,200 | 4.25% |
| 2-Bedroom | €475,000 | €1,600 | 4.04% |
| 3-Bedroom | €695,000 | €2,300 | 3.97% |
| Lisbon (all locations) | |||
| Studio | €325,000 | €1,150 | 4.25% |
| 1-Bedroom | €440,000 | €1,500 | 4.09% |
| 2-Bedroom | €620,000 | €1,850 | 3.58% |
| 3-Bedroom | €685,000 | €2,300 | 4.03% |
| 4+Bedroom | €1,140,000 | €2,700 | 2.84% |
| Lisbon avg. Rental Yields | 3.76% | ||
| PORTO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Vila Nova de Gaia | |||
| Studio | €220,000 | €890 | 4.85% |
| 1-Bedroom | €265,000 | €1,000 | 4.53% |
| 2-Bedroom | €320,000 | €1,300 | 4.88% |
| 3-Bedroom | €457,500 | €1,590 | 4.17% |
| Matosinhos | |||
| 1-Bedroom | €281,000 | €1,000 | 4.27% |
| 2-Bedroom | €398,000 | €1,350 | 4.07% |
| 3-Bedroom | €492,500 | €2,100 | 5.12% |
| Porto (all locations) | |||
| Studio | €247,500 | €900 | 4.36% |
| 1-Bedroom | €299,000 | €1,050 | 4.21% |
| 2-Bedroom | €440,000 | €1,350 | 3.68% |
| 3-Bedroom | €610,000 | €1,750 | 3.44% |
| 4+Bedroom | €765,000 | €2,600 | 4.08% |
| Porto avg. Rental Yields | 3.96% | ||
| FARO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Faro (all locations) | |||
| Studio | €199,000 | €970 | 5.85% |
| 1-Bedroom | €325,000 | €1,100 | 4.06% |
| 2-Bedroom | €477,000 | €1,500 | 3.77% |
| 3-Bedroom | €510,000 | €1,800 | 4.24% |
| Faro avg. Rental Yields | 4.48% | ||
| AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Aveiro (all locations) | |||
| 1-Bedroom | €245,000 | €880 | 4.31% |
| 2-Bedroom | €280,000 | €950 | 4.07% |
| 3-Bedroom | €330,000 | €1,150 | 4.18% |
| Aveiro avg. Rental Yields | 4.19% | ||
| BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Braga (all locations) | |||
| 1-Bedroom | €220,000 | €850 | 4.64% |
| 2-Bedroom | €276,500 | €1,000 | 4.34% |
| 3-Bedroom | €325,000 | €1,200 | 4.43% |
| Braga avg. Rental Yields | 4.47% | ||
| SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Setubal (all locations) | |||
| 2-Bedroom | €290,000 | €1,250 | 5.17% |
| 3-Bedroom | €360,000 | €1,380 | 4.60% |
| Setubal avg. Rental Yields | 4.89% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents' fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Idealista |
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View the full rental yields dataset (2022 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom across the largest cities in Portugal, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: Porto's inconsistent numbers are due to a limited supply of rental units. This is possibly due to Portugal's Golden Visa program.