Gross rental yields in Portugal: Lisbon and 5 other cities
The average gross rental yield in Portugal stands at 4.16% (Q4 2026). Previously, in Q2 2026, the rental yield was 4.29%.
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 | €350,000 | €1,200 | 4.11% |
| 1-Bedroom | €535,000 | €1,500 | 3.36% |
| 2-Bedroom | €720,000 | €1,990 | 3.32% |
| 3-Bedroom | €930,000 | €2,800 | 3.61% |
| 4+Bedroom | €1,590,000 | €4,500 | 3.40% |
| Sintra | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Oeiras | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Lisbon (all locations) | |||
| Studio | Unlock | Unlock | Unlock |
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| 4+Bedroom | Unlock | Unlock | Unlock |
| Lisbon avg. Rental Yields | Unlock | ||
| PORTO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Vila Nova de Gaia | |||
| Studio | Unlock | Unlock | Unlock |
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Matosinhos | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Porto (all locations) | |||
| Studio | Unlock | Unlock | Unlock |
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| 4+Bedroom | Unlock | Unlock | Unlock |
| Porto avg. Rental Yields | Unlock | ||
| FARO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Faro (all locations) | |||
| Studio | Unlock | Unlock | Unlock |
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Faro avg. Rental Yields | Unlock | ||
| AVEIRO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Aveiro (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Aveiro avg. Rental Yields | Unlock | ||
| BRAGA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Braga (all locations) | |||
| 1-Bedroom | Unlock | Unlock | Unlock |
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Braga avg. Rental Yields | Unlock | ||
| SETUBAL - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Setubal (all locations) | |||
| 2-Bedroom | Unlock | Unlock | Unlock |
| 3-Bedroom | Unlock | Unlock | Unlock |
| Setúbal avg. Rental Yields | Unlock | ||
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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, and 3-bedroom properties 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.
