With seemingly endless activities and sites to see, it’s no wonder that Faro is a popular destination for tourists, retirees, families, and even digital nomads. No matter what kind of property you’re looking for, Faro apartments, houses, villas, and more are sure to meet your needs.
As a young professional or digital nomad, you may be in the market for an easy-to-maintain apartment within walking distance of bustling streets filled with restaurants and cafés. As a family, you may prefer to look for vacation rentals with plenty of space, access to a beach or swimming pool, and close to public transport. As a retiree, you may prefer a bigger apartment on a quiet street – with a more luxurious feel – where you can enjoy your golden years under the fantastic Portuguese sun.
Check out our article: Retirement in Algarve: What You Need to Know.
According to Numbeo, the average rent for a one-bedroom apartment in the city center is €683.33, while a three-bedroom apartment is €1,250 per month. Outside the city center, a one-bedroom apartment is €580, and a three-bedroom apartment is €975 per month. However, prices will vary depending on the size of the property (a two-bedroom apartment will generally be cheaper than a luxury villa), its features (such as a fully-equipped kitchen or en-suite bathroom), and the amenities included (such as wifi and air conditioning).
So, let’s take a look at the kinds of apartments for rent in Faro. If you’re looking for something more affordable, it is possible to find one-bedroom apartments that range in price from €420 to €600 per month. Apartments with more rooms will generally come with a higher price tag. For example, you can find a three-bedroom 160 square meter apartment for around €650 per month.
If you’re in the market for something that will accommodate more people, a vacation villa might be a good option. It’s possible to find a three-bedroom semi-detached house available for €800 per month. A house with a terrace in the historic center of the city could cost around €848 per month, while a townhouse with a sea view and walking distance from the beach will cost around €1,100 each month. Luxury houses for rent in Faro, Portugal, tend to be more expensive and can reach as high as €16,000 per month for a four-bedroom 460 square meter luxury villa in Quinta do Lago surrounded by golf courses and a swimming pool.