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How much does it cost to rent a apartment in Funchal?

The median asking price for apartments in Funchal is 18 €/m² per month. Measured across 167 on-market listings.

Median price per m²
18 €/m²/mo
Middle half: 15 to 21
Typical asking price
1.850 €/mo
107 m²
Listings measured
167

How prices are spread

Hover a bar to see how many listings sit in that price range.
101835
Below the medianAbove the medianMiddle half: 15 to 21
Distribution of asking prices per square metre across 167 listings, from 10 to 35 €/m² per month, with a median of 18.

The apartment market in Funchal

Apartments in Funchal are currently asking a median of 18 €/m² per month. Half of them are listed between 15 €/m² per month and 21 €/m² per month. A typical listing asks 1.850 €/month for 107 m².

Put in context, that is 6% above the R. A. Madeira district median and 6% above the national median for apartments.

Funchal is not one market. Across its 5 measurable parishes, the most expensive is Funchal (Sé) at 21 €/m² per month and the cheapest is Santo António at 15 €/m² per month. Picking the right parish matters more here than timing the market.

Price by typology

TypologyMedian rent (€/mo)€/m² per month
T11.45020
T21.80018
T32.25016

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.

Price by parish

Area€/m² per monthListings
Funchal (Sé)2114
Funchal (Santa Maria Maior)1910
Funchal (Santa Luzia)1718
São Martinho1799
Santo António1510

Gross rental yield

4.1%

Median rent of 18 €/m² per month against a median sale price of 5.323 €/m².

Gross: before costs, taxes and vacancy.

29 properties in Funchal 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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See the 29 below market

Frequently asked questions

What is the price per m² for apartments in Funchal?
The median asking price is 18 €/m² per month, across 167 on-market listings. Half of all listings fall between 15 €/m² per month and 21 €/m² per month.
How much does a apartment cost in Funchal?
The median asking price is 1.850 €/month for a typical 107 m². This is what sellers are asking today, not what buyers finally paid.
Which areas of Funchal are cheapest?
Across the 5 measurable parishes in Funchal, the cheapest per m² is Santo António at 15 €/m² per month and the most expensive is Funchal (Sé) at 21 €/m² per month. The full ranking is in the table above.
How much does a T2 or T3 cost in Funchal?
Median asking price by typology: T1: 1.450 €/month, T2: 1.800 €/month, T3: 2.250 €/month. Smaller homes cost more per m², so use these prices to compare sizes and the price per m² to compare areas.
What is the rental yield in Funchal?
The gross yield for apartments in Funchal is about 4.1%. That is a median rent of 18 €/m² per month against a median sale price of 5.323 €/m². Gross means before costs, taxes and vacancy.

Other property types here

Asking prices across every major Portuguese property portal, each property counted once. Updated daily.

← R. A. MadeiraPrices across Portugal