How to Find an Affordable Long-Term Rental Apartment in Lisbon

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The Insider @ Houst
Last updated on
May 2, 2023

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How to Find an Affordable Long-Term Rental Apartment in Lisbon

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Lisbon is popular for digital nomads and ex-pats because of its stunning architecture, lively ambiance, and affordable living. Finding accommodation for long term rental Lisbon can be difficult, especially when dealing with budget and time constraints.

If you plan to make Lisbon your permanent residence, you can do it. You can find a suitable home in this lively city with the right strategy. We have compiled some essential advice and techniques to assist you in navigating the housing market.

Keep reading to learn how to snag your Lisbon pad without breaking the bank.

Table of Contents

Guide to Rent Apartment in Lisbon

Looking for an affordable apartment for long term rental Lisbon can be a challenging experience. Similar to many other European capitals, the rental prices in Lisbon are comparatively higher.

But don't fret! It's possible to find the right apartment to fit your budget. All it takes is some patience, information, and guidance to navigate the rental process successfully. The rental prices in Lisbon may differ depending on the duration of your agreement. Moreover, certain property owners may opt to provide temporary leases to vacationers instead of entering into extended contracts.

Pros & Cons of Renting an Apartment in Lisbon

Considering renting an apartment in Lisbon? Well, let's consider its pros and cons first:

Pros:

  • Lisbon has some of the finest public schools in the entire country.
  • Affordable and efficient public transportation options.
  • The capital is only a 15-minute drive away.
  • Access to beautiful nearby cities like Cascais and Sintra.
  • Thriving nightlife scene.
  • High-paying jobs, particularly in top management positions.

Cons:

  • Living in Lisbon can be costly, with high rent and daily living expenses.
  • The city charms 4.5 million tourists yearly.
  • Living conditions can become uncomfortable in homes during colder months without proper insulation and central heating.

How to Find a Long-Term Apartment in Lisbon

Looking for a long term rental Lisbon? Great news! You can easily initiate your search online from any location. Most rental properties are advertised on websites, so you don't need to be in Lisbon to begin your search. Depending on your specific rental needs, there are different websites you can explore. For example, you can find apartments from Idealista, Casa Sapo, and Imovirtual.

We suggest using multiple websites to explore different properties to increase your chances of finding the perfect apartment. By conducting thorough research, it is possible to discover an apartment in Lisbon that fulfills both your requirements and financial constraints.

Best Places to Live in Lisbon

Have you considered the location you would like to reside in Lisbon? The city center is great for young professionals, but it's expensive. Municipalities like Cascais, Sintra, and Oeiras are also worth checking out. Here are our top picks for places to live in Lisbon.

Baixa

In the heart of the city, surrounded by historic architecture, with many restaurants and shops nearby. Great for young professionals who enjoy a vibrant atmosphere but may not be the best fit for families.

Principe Real

A trendy neighborhood with excellent dining options and art galleries. Although it is a highly desirable location in Lisbon, it can be relatively expensive.

Alfama

The oldest neighborhood in Lisbon is known for its beautiful streets, fado music, and stunning city views. But it's hilly and not ideal for driving.

Cascais

A coastal town on the Portuguese Riviera, about 30 minutes from Lisbon. It's a bit more expensive but offers beautiful beaches, seafood markets, and luxurious hotels.

Sintra

Another option is about 30 minutes from Lisbon, known for its UNESCO World Heritage Site and beautiful palaces. It's less crowded than Cascais and has more affordable apartments, but it's still an exclusive vacation spot.

Rental Apartment Termonologies in Lisbon

Understanding apartment terminology in Lisbon is essential before starting your house-hunting journey. Here are the most common types of apartments you will encounter:

  • T0: These properties have an integrated living room, bedroom, and kitchen.
  • T1: These apartments have one bedroom and a separate living room area.
  • T1+1: A T1+1 is a one-bedroom apartment with an additional small "bedroom" for storage or other purposes.
  • T2, T3, T4, and T5: The number next to the typology denotes the number of rooms in the apartment. T2 and T3 apartments are the most prevalent and ideal for families with children.

Rental Contract & Required Document 

Renting an apartment in Lisbon involves signing a lease agreement known as a "Contrato de Arrendamento." This agreement specifies essential details such as lease length, notice period, and possible rent increases. Opting for the formal route ensures legal protection in case of any disputes. It's a general requirement for most landlords in Lisbon.

Rental agreements in Portugal typically involve annual reviews, and any rental increases are limited. Landlords must give at least 30 days' notice before raising rent. To secure the apartment, most landlords in Lisbon request a security deposit equivalent to two month's rent, which they can keep for the entire tenancy period. Remember, your rent usually doesn't include your gas and electricity bills. Therefore, you should set aside additional funds to cover them.

When renting an apartment in Lisbon, ensure your ID (residence permit or passport) and a tax ID number (NIF) are ready.  While it's not mandatory, some landlords may ask for a guarantor or bank guarantee. Remember to check with your landlord about their requirements.

Tips for Long-Term Rental in Lisbon

The following are the tips for long term rental Lisbon: 

Check the Neighborhood

Take the time to research the neighborhood you're interested in living in. Find the available amenities and services and whether they align with your lifestyle.

Look Out for Rental Advertisements

The rental market in Lisbon is fast-paced, so be sure to stay informed about new rentals. It is advisable to promptly book a viewing appointment for any apartment that appeals to you.

Don’t Fall for Scams

Be wary of rental scams; never make any financial transactions before visiting an apartment. Some scammers may even ask for a deposit just for a house visit, so it's best to seek professional help from a reputable company.

Read the Contract Carefully

Thoroughly read the rental agreement before signing it to understand your rights and responsibilities. Pay attention to details like the deposit amount and advance rent payments.

Curious to see how much you could earn on Airbnb? Schedule a free, no-strings-attached consultation with our Airbnb Management Lisbon team to uncover your property’s revenue potential.

Conclusion 

If you're planning to move, Lisbon might be a great option. Just make sure to do your due diligence and prepare well before making any big decisions. Doing your research and homework ahead of time is crucial to finding the perfect long term rental Lisbon. Get help from a reliable company for a seamless transition. With the proper preparation and guidance, finding the perfect housing option in this beautiful city can be a breeze.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

The Insider @ Houst

The Insider @ Houst

The Insider team at Houst is dedicated to providing up-to-date and relevant information on short-term rentals. If you have hosting inquiries, please write to us at expert@houst.com. For guest inquiries, reach out at guest@houst.com. We are here to help you navigate the world of short lets and look forward to assisting you with your needs.

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