How much does it cost to rent a apartment in Faro?
The median asking price for apartments in Faro is 17 €/m² per month. Measured across 1.109 on-market listings.
How prices are spread
The apartment market in Faro
Apartments in Faro are currently asking a median of 17 €/m² per month. Half of them are listed between 13 €/m² per month and 21 €/m² per month. A typical listing asks 1.361 €/month for 80 m².
There are not enough comparable listings elsewhere to place Faro confidently against its district or the country, so read the figure on its own.
Faro is not one market. Across its 12 measurable municipalities, the most expensive is Lagos at 20 €/m² per month and the cheapest is Castro Marim at 11 €/m² per month. Picking the right municipality matters more here than timing the market.
Price by municipality
| Area | €/m² per month | Listings |
|---|---|---|
| Lagos | 20 | 134 |
| Loulé | 20 | 137 |
| Tavira | 17 | 105 |
| Aljezur | 17 | 11 |
| Albufeira | 17 | 148 |
| Portimão | 17 | 224 |
| Lagoa (Algarve) | 17 | 38 |
| Faro | 16 | 93 |
| Silves | 14 | 69 |
| Vila Real de Santo António | 14 | 76 |
| Olhão | 13 | 47 |
| Castro Marim | 11 | 14 |
Price by typology
| Typology | Median rent (€/mo) | Median area (m²) | €/m² per month | Listings |
|---|---|---|---|---|
| T0 | 900 | 42 | 20 | 55 |
| T1 | 1.100 | 60 | 18 | 361 |
| T2 | 1.500 | 92 | 16 | 489 |
| T3 | 1.800 | 120 | 14 | 147 |
Smaller homes cost more per m². A T1 above a T3 on €/m² is normal, so compare the price column when you are choosing a size, and the €/m² column when you are comparing areas.
Gross rental yield
Median rent of 17 €/m² per month against a median sale price of 4.560 €/m².
Gross: before costs, taxes and vacancy.
227 properties in Faro are listed below their comparables
That is how many on-market listings here are asking less per m² than the nearest similar properties. Tell us what you are looking for and we will show you which ones, and alert you the moment a new one appears.
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Frequently asked questions
What is the price per m² for apartments in Faro?
How much does a apartment cost in Faro?
Which areas of Faro are cheapest?
How much does a T2 or T3 cost in Faro?
What is the rental yield in Faro?
Other property types here
Asking prices across every major Portuguese property portal, each property counted once. Updated daily.