Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 4.57% (Q2 2025). Previously, in Q4 2024, the rental yield was 4.96%.
Cities and areas compared
- Lisbon
- Porto
- Faro
- Aveiro
- Braga
- Setubal
Historical rental yields in Portugal
View the full rental yields dataset (2022 - Present)
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Last Updated: May 19, 2025 |
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| LISBON - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cascais | |||
| Studio | €249,000 | €1,200 | 5.78% |
| 1-Bedroom | €450,000 | €1,500 | 4.00% |
| 2-Bedroom | €695,000 | €2,200 | 3.80% |
| 3-Bedroom | €990,000 | €2,950 | 3.58% |
| 4+Bedroom | €2,100,000 | €5,500 | 3.14% |
| Sintra | |||
| 1-Bedroom | €202,250 | €1,000 | 5.93% |
| 2-Bedroom | €240,000 | €1,250 | 6.25% |
| 3-Bedroom | €307,500 | €1,625 | 6.34% |
| Oeiras | |||
| 1-Bedroom | €300,000 | €1,150 | 4.60% |
| 2-Bedroom | €480,000 | €1,500 | 3.75% |
| 3-Bedroom | €705,000 | €2,200 | 3.74% |
| Lisbon (all locations) | |||
| Studio | €330,000 | €1,173 | 4.27% |
| 1-Bedroom | €420,000 | €1,500 | 4.29% |
| 2-Bedroom | €580,000 | €1,900 | 3.93% |
| 3-Bedroom | €795,000 | €2,350 | 3.55% |
| 4+Bedroom | €1,195,000 | €3,250 | 3.26% |
| Lisbon avg. Rental Yields | 3.86% | ||
| PORTO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Vila Nova de Gaia | |||
| Studio | €195,000 | €1,070 | 6.58% |
| 1-Bedroom | €243,500 | €1,000 | 4.93% |
| 2-Bedroom | €330,000 | €1,250 | 4.55% |
| 3-Bedroom | €444,543 | €1,664 | 4.49% |
| Matosinhos | |||
| 1-Bedroom | €247,500 | €1,025 | 4.97% |
| 2-Bedroom | €370,512 | €1,400 | 4.53% |
| 3-Bedroom | €495,000 | €2,400 | 5.82% |
| Porto (all locations) | |||
| Studio | €220,250 | €975 | 5.31% |
| 1-Bedroom | €275,000 | €1,100 | 4.80% |
| 2-Bedroom | €360,000 | €1,400 | 4.67% |
| 3-Bedroom | €542,430 | €1,800 | 3.98% |
| 4+Bedroom | €700,000 | €2,250 | 3.86% |
| Porto avg. Rental Yields | 4.52% | ||
| FARO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Faro (all locations) | |||
| Studio | €195,000 | €883 | 5.43% |
| 1-Bedroom | €270,000 | €1,100 | 4.89% |
| 2-Bedroom | €430,000 | €1,500 | 4.19% |
| 3-Bedroom | €490,000 | €1,800 | 4.41% |
| Faro avg. Rental Yields | 4.73% | ||
| AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Aveiro (all locations) | |||
| 1-Bedroom | €228,000 | €950 | 5.00% |
| 2-Bedroom | €288,600 | €990 | 4.12% |
| 3-Bedroom | €316,000 | €1,150 | 4.37% |
| Aveiro avg. Rental Yields | 4.49% | ||
| BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Braga (all locations) | |||
| 1-Bedroom | €196,000 | €850 | 5.20% |
| 2-Bedroom | €251,500 | €1,000 | 4.77% |
| 3-Bedroom | €310,000 | €1,100 | 4.26% |
| Braga avg. Rental Yields | 4.74% | ||
| SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Setubal (all locations) | |||
| 2-Bedroom | €245,000 | €1,100 | 5.39% |
| 3-Bedroom | €339,950 | €1,350 | 4.77% |
| Setubal avg. Rental Yields | 5.08% | ||
| 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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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 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.