New rents up 10.2% in a year: median €10.17 per m²
According to INE, the median rent of the 35,407 new rental contracts signed in Portugal in the second quarter of 2026 was €10.17 per m², 10.2% more than a year earlier (9.1% in the previous quarter). The number of new contracts rose 0.4%, and rents went up in every sub-region. The highest medians were in Greater Lisbon (€15.24/m²), Madeira (€12.78), the Setúbal Peninsula (€11.99), the Algarve (€11.56) and the Porto metropolitan area (€10.83). Among municipalities with more than 100,000 people, Lisbon had the highest median rent, €17.79/m², up 5.1%.
Why it matters for your move
To check whether an asking rent is in line, multiply the floor area by the median for the area: a 70 m² flat at the national median comes to about €712 a month, in Greater Lisbon about €1,067.
This is Re-locant.com’s own brief, written to explain what the update means for people moving to or living in Portugal. For the full original report, see the source below.