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)


 

Last Updated: May 19, 2025
Next Update: November 2025

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

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.

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