Median rent
for residential apartments
in Lisbon, Portugal
as of May, 2023.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
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12,894 Lisbon, Portugal apartments for rent
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Comfortable double interior bedroom in Arroios close to IST
Rua António Pereira Carrilho
5
Bed
1
Bath
Luminous single bedroom in a 4-bedroom apartment in Laranjeiras
Estrada das Laranjeiras
4
Bed
2
Bath
Luminous double bedroom with balcony in Cais do Sodré close to ISEG
Rua da Boavista
7
Bed
2
Bath
200
m
Lisbon
Whenever you hear ‘Portugal,’ you’ll always think of Lisbon. That’s one of the most known cities in Europe that offers a wide range of attractions and provide lots of opportunities for cultural diversity growth. We’ve got plenty of data on this city, including the most notable neighborhoods, transportation tips, and landmarks list.
City Overview
The first thing to note is the weather in Lisbon that you’ve got to study before moving here. The climate here is the Mediterranean. This means that the summers are sweltering, but the winders are very mild though. You won’t need heavy coats and ridiculously big hats here. Mittens can also be left behind; you’re moving to a hot country. Now let’s roll some good news — there are plenty of properties available for rent in Lisbon, the rental market here is diverse and vibrant. The prices can seem high, but the cost of living here is very affordable, keeping a perfect balance. The idea of moving to Lisbon is trendy among EU citizens. This makes Lisbon the most densely populated city in the area. Lisbon cannot be called the best expat hub in Europe, but the local immigrant community exists and can help you during your first months of life in the city.
Business and Employment
This is one of the wealthiest areas of Portugal we’re talking about here. Lisbon has the highest GDP in the country, and the average income of the working-class is way better than in the other parts of Portugal. But don’t get too excited about this. Since there are lots of different business types and industry sectors, you may stumble upon a pretty noticeable pay gap in Lisbon. Family businesses are not so comfortable about competing with transnational companies, so the income may vary depending on the niches and sectors of the company you deal with as an employee.
Landmarks
The cultural life and entertainment venues are widely spread in Lisbon. Your presence in this city will be a mix of relaxing experience, and historic is exploration. Visit Bairro Alto, Alcântara, and Chiado to hang around with those you love and enjoy the magical streets of Lisbon with authentic cuisine. Go to Belém, Estrela, or Alfama to enjoy the historical sights and get the vibe of the old town. There are also lots of museums in the area, including The Fado Museum or National Museum of Ancient Art that will become your first step into the historical world of the city. These are just a few of many that you’ll find in the city. Basically, you’ll always find what to do and see in Lisbon; you won’t even have to worry about it, just get out of your rental and explore this magical city.
Transportation
The suburbs of Lisbon are quite popular among the residents due to the rent price boom that happened during the last decades. People started to look for better rent pricing and found it in the closest suburbs. Some may even say that Lisbon faced rapid suburbanization. This means that long daily commutes are quite popular here and people just deal with it to get cheaper rent. That’s the main reasons why traffic in Lisbon can sometimes be overwhelming. However, the Lisbon government built a few new highways to resolve the traffic problem and invested heavily in the public transport system to improve the life of the average suburban citizen. Lisbon public transportation system heavily relies on the Lisbon Metro. It’s one of the most popular means of commute. There are also lots of bus and tram stations around the city. When we talk about suburbs, it’s important to note the suburban trains that allow people to travel faster, easier, and cheaper without the need of getting a car.
Housing Trends
Average apartment rent in Lisbon:
€5,045 (-9.9%)
Rent Price |
May | vs Last Month |
|---|---|---|
| Studio apartments | €5,431 | +18.8% |
| 2-bed apartments | €4,106 | -29.7% |
| 3-bed apartments | €5,949 | -16% |
| 4+ bed apartments | €5,910 | -42.9% |
Over the May 2023, the average rent for an apartment in/near Lisbon, Portugal decreased by 9.9% to €5,045.
Compared to the last month, the average price for a rental studio in Lisbon, Portugal has increased by 18.8%. You can expect to rent the studio for €5,431 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment stands at €4,069 with no changes this month. Pricing for 2-bed apartment also decreased by 29.7% and a place of this size will now cost you €4,106. 3-bed apartment rent pricing starts at €5,949, it decreased by 16% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 42.9% and made it down to €5,910.
Rent Type Price |
May | vs Last Month |
|---|---|---|
| Houses for rent | €5,290 | -30.3% |
| Apartments for rent | €4,801 | -8.4% |
The median rent for an apartment in Lisbon, Portugal decreased by 8.4% to €4,801. Statistics show that house rent price decreased by 30.3% this month making it up to €5,290.
Finding Apartments for Rent in Lisbon
You won’t face any problems with the number of available properties for rent in Lisbon. It’s a vibrant long-term rental market where the metropolitan area of the city will help you in your search for cheaper houses to lease. It will be fair to say that the housing market here is huge, so you’ll have to make sure you have all the search parameters to find the listings that fit all your needs. To make that happen, Rentberry offers you to leverage our custom filters where you can choose all the amenities you’re looking for, set your rent price budget and mention whether you’re looking for a single-family house or a small room for rent. You’ll find everything in this city, just shape your search query right. Since some of the Lisbon areas are a bit pricey, we offer you to try our rent negotiation tool to find common ground with your prospective landlord faster and seal the deal online without the old paperwork.
Neighborhoods of Lisbon
Bairro Alto
Everyone knows Bairro Alto; it’s a gem of Lisbon city where both locals, expats and tourists love to party and settle. This neighborhood has lots of cafes, restaurants, shops, and cultural entertainment. This is one of the core areas of the city, so getting a place here might be pricey. However, finding an apartment for rent in Bairro Alto is an excellent idea if you don’t want to live too far from the entertainment venues.
Baixa
Baixa is located in the central part of Lisbon, so it’s usually very crowded with tourists. Since Baixa is situated very close to the main city attractions and sightseeing, many places here are rented out in the short-term market. The long-term lease will usually be pricey, this is a wealthy neighborhood, so it won’t be your best choice if you’re tight with your budget. However, we recommend you check out the Baixa rental listings from time to time.
Chiado
Millennials tend to settle here, in the Chiado neighborhood where different kind of art events and art schools around. You’ll always find a cup of excellent coffee in one of the local cafes. For example, the iconic “A Brasileira” well-known and loved among locals and tourists. If you find a room for rent in Chiado, you’ll be surrounded by theaters, cinemas, historical sights, churches, and contemporary art museums.
Parque de Nações
Not a fan of historical districts and fancy hipster areas? This is a trendy neighborhood that has lots of commercial real estate being close to the residential properties. This is like a business district, but with good housing options around. Whenever you get out of your home in Parque de Nações, you’ll notice how many modern buildings and upscale residential areas are around you.
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