How much does it cost to rent an apartment in Madeira Portugal?

The average rent for a one-bedroom apartment (T1 apartment) in Funchal is between €650 and €1,300 per month. A lot of apartments are furnished, even if they are available to rent long-term. Many of those apartments in Funchal also have balconies from where you can enjoy views across the city or even the beach and sea.



People Also Ask

Approximate costs of T1 (one-bedroom apartment) for long-term rent is 500-650 euros a month, T2 – 650-850, T3 – 750-1000 euro/month. We started to look for a T2 (2-bedroom) apartment for long-term rent in Madeira for our relatives in the middle of March 2022.

MORE DETAILS

Funchal, the capital of Madeira Island, is known for its beautiful landscapes, mild climate, and relaxed lifestyle. According to Numbeo, a family of four can expect to spend around 1,943.8€ per month without rent in Funchal, while a single person's estimated monthly costs amount to 542.5€ without rent.

MORE DETAILS

Popular areas for expats include Funchal, the capital city, as well as Ponta do Sol, Calheta, Santana, São Martinho, and Ribeira Brava. These areas offer a mix of coastal and mountain living options.

MORE DETAILS

Madeira – A Tax Haven Approved by the European Commission.

MORE DETAILS

With both rent and restaurant prices being around 25% cheaper than in Lisbon, Funchal allows you to live your island dream without paying the more expensive prices of mainland Portugal.

MORE DETAILS

If your definition of quality of life means safety, tranquillity, natural beauty and little traffic, then Madeira could be a good option. Far from the bustle of Lisbon and Porto, the island is calm and peaceful.

MORE DETAILS

Madeira in general isn't an expensive place to live. Housing, transport, and food are quite affordable for expats staying in Madeira longer term. On the other hand, if you're staying in Madeira short term (less than 6 months) then housing and renting cars can be quite expensive.

MORE DETAILS

The average standard of living tends to be a bit lower than in mainland Portugal, and the local autonomous government gives generous subsidies coming from the tourist industry revenues and from the Portuguese national budget. Go where the locals go and everything will be cheap.

MORE DETAILS

MADEIRA AND THE ETERNAL SPRING! The warm ocean currents influence the climate and mean an absence of extreme hot or cold temperatures, determining a pleasant, mild climate all year long. In general, April to September is mostly dry, whilst October to March is fairly wet.

MORE DETAILS

When you have the Golden Visa in Madeira, if you maintain your residence permit and investment for five years, you qualify for permanent residency. You then have the option of applying for Portuguese citizenship.

MORE DETAILS

Funchal – Madeira Island's capital A family of four estimated monthly costs are 1,943.8€ without rent. A single person estimated monthly costs are 542.5€ without rent. Funchal is 13.1% less expensive than Lisbon. Rent in Funchal is, on average, 32.4% lower than in Lisbon.

MORE DETAILS

Apartments and houses in good condition can be found starting from 70,000 - 100,000 euros. The maximum price for real estate in Madeira is more than three and a half million euros for a luxurious private house. That will particularly interest those who are going to buy luxury real estate in Portugal.

MORE DETAILS

Funchal is the most expensive place to buy property on the islands – given its higher demand and abundance of services.

MORE DETAILS