Portugal remains a desirable destination for those looking for affordable living options. As rental prices continue to rise in major cities like Lisbon and Porto, those looking for more budget-friendly areas still have several great options.
Based on recent research conducted by Idealista, we have compiled a list of the top 10 cheapest places to rent in Portugal in 2024. These areas offer excellent value for money and could be ideal for long-term residents and expats alike.
1. Guarda
Guarda tops the list as the cheapest place to rent in Portugal. With an average monthly rent of just €4.9/m², this northern city offers affordable living along with a rich historical and cultural backdrop. Its location near the Serra da Estrela mountains also makes it a great spot for nature lovers.
2. Portalegre
Located in the Alentejo region, Portalegre has an average rental price of €5.1/m². This picturesque town is known for its peaceful surroundings, making it an attractive option for those seeking tranquility.
3. Bragança
Bragança, in the far northeast of Portugal, offers an average rent of €5.2/m². Known for its medieval architecture and beautiful landscapes, it’s a hidden gem for budget-conscious renters.
4. Beja
Another Alentejo town, Beja, ranks among the most affordable places with an average rent of €5.5/m². Its vast agricultural fields and historical landmarks provide a laid-back lifestyle for residents.
5. Castelo Branco
With rental costs averaging €5.6/m², Castelo Branco is a great option for those looking for affordability combined with a taste of authentic Portuguese living. This town is known for its unique blend of history and nature.
6. Vila Real
In northern Portugal, Vila Real is a great choice for budget-conscious individuals with an average rent of €5.6/m². The town is famous for its wine culture and proximity to the scenic Douro Valley.
7. Évora
With an average rent of €6/m², Évora, a UNESCO World Heritage site, offers affordable living while providing the charm of a historical city. Its ancient Roman ruins and cobbled streets make it a cultural hub.
8. Covilhã
Covilhã, with its average rent of €6.1/m², is located close to the Serra da Estrela mountain range, making it ideal for lovers of hiking and winter sports.
9. Viseu
Known for its high quality of life, Viseu’s average rent is €6.1/m². The city is often praised for its green spaces, pleasant climate, and relaxed pace of life.
10. Leiria
Rounding out the top 10, Leiria offers an average rent of €6.2/m². It’s a growing city with a mix of historical attractions and modern conveniences, making it a popular spot for families and young professionals.
While rental prices are generally lower in these regions compared to Lisbon or Porto, they offer plenty of charm and opportunities for those willing to explore different parts of Portugal. Whether you’re looking for peace, history, or nature, these cities and towns provide a great balance of affordability and quality of life.
