Renting a HouseYou can expect to pay around €600-€1,000 per month for a one-bedroom flat in the city centre, while a two-bedroom flat will cost between €800-€1,500 per month. Outside the city centre, prices can be significantly lower, with one-bedroom flats starting at around €400 per month.
Can a foreigner rent a house in Portugal?
If you want to rent a property in Portugal, you must fulfil a set of mandatory requirements, namely having a Tax Identification Number (NIF) in order to sign the contract and be able to pay the rent as a deposit, in case the future landlord requests it.
Can I retire to Madeira?
As an EU citizen, you can stay in Madeira for up to 90 days without a visa. However, if you plan to retire in Madeira for an extended period, you will need to apply for a registration certificate (CRUE – Certificado do registo de Cidadão da Uniao Europeia) at the City/Town Hall.