How much does it cost to rent a house in Faro?
The median asking price for houses in Faro is 15 €/m² per month. Measured across 642 on-market listings.
How prices are spread
The house market in Faro
Houses in Faro are currently asking a median of 15 €/m² per month. Half of them are listed between 11 €/m² per month and 20 €/m² per month. A typical listing asks 2.175 €/month for 160 m².
Put in context, and 25% above the national median for houses.
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 | 185 |
| Vila do Bispo | 18 | 12 |
| Faro | 17 | 32 |
| Lagos | 16 | 30 |
| Portimão | 14 | 44 |
| Lagoa (Algarve) | 14 | 28 |
| Silves | 14 | 52 |
| Olhão | 13 | 35 |
| Tavira | 12 | 55 |
| Albufeira | 12 | 74 |
| Aljezur | 12 | 26 |
| Vila Real de Santo António | 11 | 24 |
| Castro Marim | 11 | 31 |
Price by typology
| Typology | Median rent (€/mo) | Median area (m²) | €/m² per month | Listings |
|---|---|---|---|---|
| T1 | 850 | 60 | 13 | 45 |
| T2 | 1.500 | 106 | 14 | 186 |
| T3 | 2.450 | 167 | 14 | 188 |
| T4 | 3.250 | 240 | 15 | 115 |
| T5 | 6.530 | 348 | 17 | 60 |
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 15 €/m² per month against a median sale price of 4.089 €/m².
Gross: before costs, taxes and vacancy.
126 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.
Set up my searchFree. Takes about 2 minutes.
Frequently asked questions
What is the price per m² for houses in Faro?
How much does a house 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.