How much does it cost to rent a apartment in Faro?
The median asking price for apartments in Faro is 16 €/m² per month. Measured across 1.806 on-market listings.
How prices are spread
The apartment market in Faro
Apartments in Faro are currently asking a median of 16 €/m² per month. Half of them are listed between 13 €/m² per month and 20 €/m² per month. A typical listing asks 1.350 €/month for 85 m².
Put in context, and 6% below the national median for apartments.
Faro is not one market. Across its 13 measurable municipalities, the most expensive is Loulé at 19 €/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 |
|---|---|---|
| Loulé | 19 | 441 |
| Lagos | 18 | 163 |
| Aljezur | 17 | 15 |
| Albufeira | 16 | 204 |
| Vila do Bispo | 16 | 10 |
| Portimão | 16 | 375 |
| Faro | 15 | 117 |
| Tavira | 15 | 159 |
| Lagoa (Algarve) | 15 | 48 |
| Silves | 14 | 91 |
| Olhão | 14 | 52 |
| Vila Real de Santo António | 13 | 107 |
| Castro Marim | 11 | 22 |
Price by typology
| Typology | Median rent (€/mo) | Median area (m²) | €/m² per month | Listings |
|---|---|---|---|---|
| T0 | 850 | 45 | 20 | 88 |
| T1 | 1.050 | 64 | 17 | 591 |
| T2 | 1.500 | 95 | 16 | 808 |
| T3 | 1.850 | 127 | 15 | 269 |
| T4 | 2.300 | 164 | 14 | 38 |
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 16 €/m² per month against a median sale price of 4.529 €/m².
Gross: before costs, taxes and vacancy.
364 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.