Madeira Rental Prices Rose 11.4% in April 2026
Rental prices in Madeira continued to climb in April, reaching a new record of €16.7/m², according to data published Monday by the property platform Idealista.
The figures show that rents increased 11.4% compared with April 2025. Over the last three months alone, prices increased 5.6%.
For many residents, the numbers translate into growing pressure on household budgets. A 50m² apartment now costs about €835 per month on average, based on the regional median price.
The rise in Madeira came at a time when national rental prices moved in the opposite direction. Across Portugal, rents fell 2.7% over the last 12 months, reaching a national median of €16.4/m².
Funchal Became Portugal’s Second Most Expensive Rental City
In Funchal, rental prices increased 10.3% over the past year, reaching €17.4/m² - the highest value ever recorded for the city.
The capital of Madeira is now the second most expensive city in Portugal for renting a home, behind only Lisbon, where median rents stand at €22/m². Porto follows at €16.6/m².
The data also showed that rents in Funchal increased 8.8% in the last three months, one of the fastest short-term increases in the country.
Among the 13 district capitals and autonomous regions analyzed by Idealista, only Faro recorded a larger annual increase, with rents rising 10.6%.
Madeira Island Recorded Portugal’s Third Largest Annual Increase
Looking at districts and islands across Portugal, Madeira registered the country’s third highest annual rise in rental prices, with an increase of 10.8%.
Only Bragança, where rents increased 51.3%, and São Miguel, with a 16.3% increase, recorded stronger yearly growth.
The report also showed a divided national market. While rents increased in 12 of the 20 districts and islands analyzed, prices fell in several major urban areas, including Porto (-5.6%), Lisbon (-1.8%) and Braga (-0.8%).
Autonomous Islands Recorded Portugal’s Sharpest Regional Increases
Among Portugal’s seven major regions, the autonomous island regions recorded the strongest annual rental increases.
The Azores saw rents rise 19.1% over the last year, followed by Madeira at 11.4%. By contrast, rental prices fell in northern Portugal and in the Lisbon metropolitan area.
Madeira’s Housing Costs Continue to Outgrow Lower-Income Regions
The widening gap between Madeira and Portugal’s cheaper regions has become increasingly visible in the rental market.
In districts such as Guarda, median rents stand at €6.1/m², while Portalegre recorded €6.6/m². According to the figures, tenants could rent nearly three homes in those regions for the price of one property in Madeira.
The latest data is likely to add to concerns about affordability in the archipelago, where wages remain below many mainland urban areas while housing costs continue to climb.
Source: Idealista
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