The capital of the Autonomous Region of Madeira appears in a very prominent position, having registered a year-on-year increase of 37.5% in the median rents in the second quarter. The increase may be explained, in part, by the pressure in the search for housing to live in, with a 40% increase in the number of new contracts.

The Porto Metropolitan Area has a median value per square meter of 8.89 euros, which places the median house rent in this area in fifth place in the national ranking.

The Algarve (9.52 euros/m2), the Setúbal Peninsula (10.07 euros/m2), the Autonomous Region of Madeira (10.26 euros/m2) — which is the second most “expensive” area in the country — have the highest prices, and, at the top, Greater Lisbon (12.99 euros/m2).

The Alentejo coast has a rent value close to that practiced in the Porto Metropolitan Area, with 8.52 euros/m2 per square meter. These six regions are above the national average of 8.08 euros/m2. At the bottom of the table are the regions of Tâmega e Sousa, Alto Alentejo and Trás-os-Montes, where it is possible to rent a house for less than 4 euros per square meter.

In the context of the NUTS III sub-regions and municipalities with more than 100 thousand inhabitants, only the Azores (-2.8%) and Alto Alentejo (-0.3%) recorded a reduction in the average value of rents when comparing the second quarter of 2024 with the same period last year.

Unsurprisingly, Lisbon continues to be the most “expensive” municipality to rent a house, with a 100 square meter house having a median rent of 1,600 euros. The capital, however, does not keep up with the acceleration of other municipalities, where the market was more penalizing for those who wanted to live there.

In Lisbon, the year-on-year change in median rents in the second quarter was 5.1%, less than half of the 11.1% national average for the 22,181 housing contracts signed — a number that represents an increase of 6.9% compared to the period from January to March.