Castelo Branco, Santa Maria da Feira, and Viseu top the list of the cheapest municipalities to rent a house in Portugal, according to data released on Tuesday by idealista.
“Among the 25 cheapest municipalities to rent a house in Portugal, Castelo Branco ranks first. Owners in this municipality demand a median of 6.8 euros per square meter (euros/m2), the lowest price per square meter in the country,” a statement accessed by Notícias ao Minuto reveals.
According to the real estate platform, the “ranking of the five cheapest municipalities is completed by Santa Maria da Feira (7.1 euros/m2), Viseu (8 euros/m2), Covilhã (8.1 euros/m2), and Barcelos (8.3 euros/m2)“.
Where is the price below 10 euros per square meter?
For less than 10 euros per square meter, the municipalities of Vila Nova de Famalicão (8.4 euros/m2), Santarém (8.8 euros/m2), Leiria (8.9 euros/m2), Lourinhã (9.1 euros/m2), Viana do Castelo (9.2 euros/m2), Figueira da Foz (9.3 euros/m2), Caldas da Rainha (9.4 euros/m2), Valongo (9.5 euros/m2), Ílhavo (9.6 euros/m2), Guimarães (9.6 euros/m2), and Braga (9.8 euros/m2) are also listed, according to the platform’s data.
Additionally, “the ranking includes Gondomar and Maia, where rental properties cost 10.3 euros/m2 in both municipalities. This is followed by Póvoa de Varzim (10.4 euros/m2), Espinho (10.5 euros/m2), and Torres Vedras (10.6 euros/m2)”.
Moreover, “in the last places in the ranking, the municipalities of Alenquer (11.1 euros/m2), Nazaré (11.1 euros/m2), Alcochete (11 euros/m2), and Vila do Conde (10.8 euros/m2)” are found.
And which are the most expensive municipalities?
According to the analysis conducted by idealista, the “five most exclusive locations to rent a house in Portugal” are led by the capital:
“Lisbon is at the top of the list where the square meter costs 22.2 euros, making it the most expensive in the country. This is followed by Cascais (20 euros/m2), Porto (17.7 euros/m2), Loulé (17.5 euros/m2), and Oeiras (16.8 euros/m2),” the statement reveals.
Housing prices continue to rise in Portugal, and there are supply issues that need to be addressed, says real estate expert Hugo Silva. Buying a house is challenging, but renting remains equally difficult.
Beatriz Vasconcelos | 08:06 – 02/07/2025
Portugal leads EU housing price increases in Q1
Housing prices rose by 5.4% in the euro area and 5.7% in the European Union (EU) in the first quarter, with Portugal experiencing the highest increase (16.3%) among the member states, according to Eurostat.
When compared to the fourth quarter of 2024, housing prices increased by 1.3% in the euro area and 1.4% in the EU from January to March, with Portugal recording the second-largest increase (4.8%).
Among the member states for which data is available, one experienced an annual decrease in housing prices in the first quarter of 2025, while 25 reported an annual increase.
The decline was registered in Finland (-1.9%), while the largest increases were observed in Portugal (16.3%), Bulgaria (15.1%), and Croatia (13.1%).
