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

The median asking price for apartments in Funchal is 17 €/m² per month. Measured across 238 on-market listings.

Median price per m²
17 €/m²/mo
Middle half: 15 to 22
Typical asking price
1.800 €/mo
110 m²
Listings measured
238

How prices are spread

Hover a bar to see how many listings sit in that price range.
91738
Below the medianAbove the medianMiddle half: 15 to 22
Distribution of asking prices per square metre across 238 listings, from 9 to 38 €/m² per month, with a median of 17.

The apartment market in Funchal

Apartments in Funchal are currently asking a median of 17 €/m² per month. Half of them are listed between 15 €/m² per month and 22 €/m² per month. A typical listing asks 1.800 €/month for 110 m².

There are not enough comparable listings elsewhere to place Funchal confidently against its district or the country, so read the figure on its own.

Funchal is not one market. Across its 4 measurable parishes, the most expensive is Funchal (Sé) at 19 €/m² per month and the cheapest is Funchal (Santa Luzia) at 16 €/m² per month. Picking the right parish matters more here than timing the market.

Price by typology

TypologyMedian rent (€/mo)€/m² per month
T11.49020
T21.80017
T32.30016

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)1936
Funchal (São Pedro)1816
São Martinho18141
Funchal (Santa Luzia)1618

Gross rental yield

3.9%

Median rent of 17 €/m² per month against a median sale price of 5.195 €/m².

Gross: before costs, taxes and vacancy.

54 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 54 below market

Frequently asked questions

What is the price per m² for apartments in Funchal?
The median asking price is 17 €/m² per month, across 238 on-market listings. Half of all listings fall between 15 €/m² per month and 22 €/m² per month.
How much does a apartment cost in Funchal?
The median asking price is 1.800 €/month for a typical 110 m². This is what sellers are asking today, not what buyers finally paid.
Which areas of Funchal are cheapest?
Across the 4 measurable parishes in Funchal, the cheapest per m² is Funchal (Santa Luzia) at 16 €/m² per month and the most expensive is Funchal (Sé) at 19 €/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: 1.490 €/month, T2: 1.800 €/month, T3: 2.300 €/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 3.9%. That is a median rent of 17 €/m² per month against a median sale price of 5.195 €/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