How much does it cost to rent a house in Faro?
The median asking price for houses in Faro is 16 €/m² per month. Measured across 390 on-market listings.
How prices are spread
The house market in Faro
Houses in Faro are currently asking a median of 16 €/m² per month. Half of them are listed between 11 €/m² per month and 22 €/m² per month. A typical listing asks 2.500 €/month for 157 m².
Put in context, and 33% above the national median for houses.
Faro is not one market. Across its 11 measurable municipalities, the most expensive is Loulé at 24 €/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 | 24 | 86 |
| Vila do Bispo | 17 | 15 |
| Lagoa (Algarve) | 17 | 25 |
| Faro | 15 | 23 |
| Lagos | 15 | 21 |
| Silves | 15 | 44 |
| Olhão | 14 | 23 |
| Portimão | 14 | 31 |
| Albufeira | 14 | 45 |
| Aljezur | 13 | 20 |
| Castro Marim | 11 | 30 |
Price by typology
| Typology | Median rent (€/mo) | Median area (m²) | €/m² per month | Listings |
|---|---|---|---|---|
| T2 | 1.600 | 108 | 14 | 107 |
| T3 | 2.500 | 162 | 15 | 111 |
| T4 | 3.420 | 230 | 16 | 50 |
| T5 | 7.475 | 355 | 22 | 36 |
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 3.960 €/m².
Gross: before costs, taxes and vacancy.
77 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 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.