Rental prices in Madeira climbed to €16.7/m² in April 2026, marking an 11.4% increase compared with April 2025 and the highest level ever recorded. The latest figures, published Monday by Idealista, also show a 5.6% rise over the previous three months. Based on the regional median price, a 50m² apartment now costs about €835 per month, adding pressure to household budgets. At the national level, the trend was different, as rental prices across Portugal fell 2.7% over the last 12 months to a median of €16.4/m². In Funchal, rents rose 10.3% year on year to €17.4/m², also a record for the city. That made the capital of Madeira the second most expensive city in Portugal for renting a home, behind Lisbon at €22/m² and ahead of Porto at €16.6/m². Madeira Island posted Portugal’s third largest annual increase at 10.8%, while the Azores led the autonomous regions with a 19.1% rise and Madeira followed in second place at the regional level with 11.4%. The report also highlights the growing affordability gap with lower-income areas such as Guarda and Portalegre, where rents remain far below Madeira’s levels.
