Top 100 Best Places in Portugal to Invest in Airbnb & Short-Term Rentals (2025)

Source: AirROI

Last updated: 2025-07-01

Unlock high-ROI opportunities in Portugal‘s booming short-term rental (STR) market. This 2025 Airbnb investment guide from AirROI leverages cutting-edge Airbnb data analytics to pinpoint the most profitable cities for Airbnb and vacation rental entrepreneurs. Whether you’re scaling your portfolio or making your first STR investment, discover markets with strong rental demand, high revenue potential, and favorable regulations. We are committed to providing trustworthy insights based on comprehensive market analysis, and you can learn more about our rigorous approach to data accuracy.

Our STR market analysis dives deep into key performance indicators like monthly revenue, average daily rates (ADR), occupancy trends, property counts, and regulatory landscapes across Portugal. We go beyond simple rankings to provide the context you need for informed investment decisions using reliable Airbnb data.

Explore the data-driven insights below to identify the premier short-term rental investment hotspots and high ROI Airbnb markets in Portugal for 2025.

Top Short-Term Rental Markets in Portugal

Rank:#1Market:LisbonCountry:PortugalProperties:12,935Monthly Revenue:$2333.09Daily Rate (ADR):$156.61Occupancy:55.65%Regulation:Low
Rank:#2Market:PortoCountry:PortugalProperties:8,423Monthly Revenue:$1779.31Daily Rate (ADR):$130.12Occupancy:51.89%Regulation:Low
Rank:#3Market:AlbufeiraCountry:PortugalProperties:4,807Monthly Revenue:$2545.95Daily Rate (ADR):$263.45Occupancy:46.98%Regulation:Low
Rank:#4Market:LagosCountry:PortugalProperties:3,471Monthly Revenue:$1965.30Daily Rate (ADR):$181.10Occupancy:50.60%Regulation:Low
Rank:#5Market:LouléCountry:PortugalProperties:2,826Monthly Revenue:$2136.73Daily Rate (ADR):$253.48Occupancy:43.11%Regulation:Low
Rank:#6Market:PortimãoCountry:PortugalProperties:2,438Monthly Revenue:$1412.07Daily Rate (ADR):$163.97Occupancy:45.24%Regulation:Low
Rank:#7Market:FunchalCountry:PortugalProperties:2,226Monthly Revenue:$3734.30Daily Rate (ADR):$228.63Occupancy:60.49%Regulation:Low
Rank:#8Market:CascaisCountry:PortugalProperties:1,735Monthly Revenue:$2046.00Daily Rate (ADR):$196.37Occupancy:47.52%Regulation:Low
Rank:#9Market:TaviraCountry:PortugalProperties:1,482Monthly Revenue:$1448.19Daily Rate (ADR):$163.18Occupancy:44.25%Regulation:Low
Rank:#10Market:Ponta DelgadaCountry:PortugalProperties:1,370Monthly Revenue:$1805.10Daily Rate (ADR):$149.27Occupancy:50.56%Regulation:Low
Rank:#11Market:AlmadaCountry:PortugalProperties:1,243Monthly Revenue:$1636.61Daily Rate (ADR):$153.09Occupancy:47.27%Regulation:Low
Rank:#12Market:SintraCountry:PortugalProperties:1,211Monthly Revenue:$1692.72Daily Rate (ADR):$190.82Occupancy:43.27%Regulation:Low
Rank:#13Market:Vila Nova de GaiaCountry:PortugalProperties:1,130Monthly Revenue:$1701.94Daily Rate (ADR):$139.02Occupancy:50.62%Regulation:Low
Rank:#14Market:AljezurCountry:PortugalProperties:1,121Monthly Revenue:$1534.03Daily Rate (ADR):$161.77Occupancy:46.44%Regulation:Low
Rank:#15Market:Lagoa e CarvoeiroCountry:PortugalProperties:1,097Monthly Revenue:$2365.90Daily Rate (ADR):$240.61Occupancy:49.32%Regulation:Low
Rank:#16Market:FaroCountry:PortugalProperties:1,075Monthly Revenue:$1483.35Daily Rate (ADR):$138.37Occupancy:47.36%Regulation:Low
Rank:#17Market:PenicheCountry:PortugalProperties:1,052Monthly Revenue:$943.83Daily Rate (ADR):$115.65Occupancy:40.28%Regulation:Low
Rank:#18Market:CalhetaCountry:PortugalProperties:1,040Monthly Revenue:$2810.88Daily Rate (ADR):$190.21Occupancy:58.78%Regulation:Low
Rank:#19Market:NazaréCountry:PortugalProperties:1,012Monthly Revenue:$1094.17Daily Rate (ADR):$114.94Occupancy:40.04%Regulation:Low
Rank:#20Market:Vila do BispoCountry:PortugalProperties:1,002Monthly Revenue:$1793.05Daily Rate (ADR):$170.92Occupancy:47.61%Regulation:Low
Rank:#21Market:MafraCountry:PortugalProperties:990Monthly Revenue:$1424.38Daily Rate (ADR):$157.85Occupancy:43.19%Regulation:Low
Rank:#22Market:SesimbraCountry:PortugalProperties:814Monthly Revenue:$1369.96Daily Rate (ADR):$175.90Occupancy:40.92%Regulation:Low
Rank:#23Market:OdemiraCountry:PortugalProperties:743Monthly Revenue:$1051.61Daily Rate (ADR):$128.42Occupancy:38.21%Regulation:Low
Rank:#24Market:BragaCountry:PortugalProperties:627Monthly Revenue:$863.35Daily Rate (ADR):$103.16Occupancy:38.10%Regulation:Low
Rank:#25Market:SetúbalCountry:PortugalProperties:590Monthly Revenue:$1301.51Daily Rate (ADR):$172.70Occupancy:41.42%Regulation:Low
Rank:#26Market:CoimbraCountry:PortugalProperties:543Monthly Revenue:$915.18Daily Rate (ADR):$91.99Occupancy:41.21%Regulation:Low
Rank:#27Market:Santa CruzCountry:PortugalProperties:536Monthly Revenue:$2836.91Daily Rate (ADR):$187.39Occupancy:57.80%Regulation:Low
Rank:#28Market:Armação de PêraCountry:PortugalProperties:535Monthly Revenue:$1567.43Daily Rate (ADR):$178.01Occupancy:45.84%Regulation:Low
Rank:#29Market:OlhãoCountry:PortugalProperties:527Monthly Revenue:$1619.87Daily Rate (ADR):$144.08Occupancy:50.36%Regulation:Low
Rank:#30Market:Viana do CasteloCountry:PortugalProperties:521Monthly Revenue:$1169.31Daily Rate (ADR):$175.84Occupancy:36.89%Regulation:Low
Rank:#31Market:AlcobaçaCountry:PortugalProperties:480Monthly Revenue:$947.10Daily Rate (ADR):$135.40Occupancy:39.51%Regulation:Low
Rank:#32Market:AveiroCountry:PortugalProperties:455Monthly Revenue:$939.21Daily Rate (ADR):$108.60Occupancy:39.74%Regulation:Low
Rank:#33Market:MatosinhosCountry:PortugalProperties:445Monthly Revenue:$1278.63Daily Rate (ADR):$113.44Occupancy:47.21%Regulation:Low
Rank:#34Market:Vila Real de Santo AntónioCountry:PortugalProperties:439Monthly Revenue:$1102.87Daily Rate (ADR):$143.07Occupancy:41.05%Regulation:Low
Rank:#35Market:ÓbidosCountry:PortugalProperties:419Monthly Revenue:$1309.75Daily Rate (ADR):$205.70Occupancy:36.36%Regulation:Low
Rank:#36Market:CaminhaCountry:PortugalProperties:382Monthly Revenue:$862.22Daily Rate (ADR):$180.77Occupancy:35.25%Regulation:Low
Rank:#37Market:PorchesCountry:PortugalProperties:367Monthly Revenue:$1678.21Daily Rate (ADR):$187.96Occupancy:44.93%Regulation:Low
Rank:#38Market:Caldas da RainhaCountry:PortugalProperties:367Monthly Revenue:$1249.10Daily Rate (ADR):$172.18Occupancy:41.48%Regulation:Low
Rank:#39Market:OeirasCountry:PortugalProperties:367Monthly Revenue:$1646.33Daily Rate (ADR):$137.75Occupancy:52.17%Regulation:Low
Rank:#40Market:GrândolaCountry:PortugalProperties:356Monthly Revenue:$2237.96Daily Rate (ADR):$386.16Occupancy:33.93%Regulation:Low
Rank:#41Market:EsposendeCountry:PortugalProperties:348Monthly Revenue:$1150.36Daily Rate (ADR):$173.10Occupancy:39.69%Regulation:Low
Rank:#42Market:Moncarapacho e FusetaCountry:PortugalProperties:332Monthly Revenue:$1455.31Daily Rate (ADR):$157.80Occupancy:46.05%Regulation:Low
Rank:#43Market:Ponte de LimaCountry:PortugalProperties:326Monthly Revenue:$1061.91Daily Rate (ADR):$202.80Occupancy:31.60%Regulation:Low
Rank:#44Market:Figueira da FozCountry:PortugalProperties:319Monthly Revenue:$777.79Daily Rate (ADR):$123.02Occupancy:35.70%Regulation:Low
Rank:#45Market:Ponta do SolCountry:PortugalProperties:315Monthly Revenue:$3163.47Daily Rate (ADR):$175.43Occupancy:64.85%Regulation:Low
Rank:#46Market:Santiago do CacémCountry:PortugalProperties:294Monthly Revenue:$1152.15Daily Rate (ADR):$191.43Occupancy:33.39%Regulation:Low
Rank:#47Market:Terras de BouroCountry:PortugalProperties:293Monthly Revenue:$1085.06Daily Rate (ADR):$164.12Occupancy:32.73%Regulation:Low
Rank:#48Market:GuimarãesCountry:PortugalProperties:287Monthly Revenue:$1068.75Daily Rate (ADR):$152.57Occupancy:37.11%Regulation:Low
Rank:#49Market:São VicenteCountry:PortugalProperties:277Monthly Revenue:$2429.99Daily Rate (ADR):$140.62Occupancy:62.26%Regulation:Low
Rank:#50Market:Arcos de ValdevezCountry:PortugalProperties:267Monthly Revenue:$871.38Daily Rate (ADR):$144.59Occupancy:33.12%Regulation:Low
Rank:#51Market:ÉvoraCountry:PortugalProperties:267Monthly Revenue:$1060.19Daily Rate (ADR):$123.73Occupancy:37.15%Regulation:Low
Rank:#52Market:Vila do CondeCountry:PortugalProperties:259Monthly Revenue:$1263.16Daily Rate (ADR):$141.67Occupancy:41.55%Regulation:Low
Rank:#53Market:Torres VedrasCountry:PortugalProperties:257Monthly Revenue:$1144.87Daily Rate (ADR):$148.00Occupancy:36.52%Regulation:Low
Rank:#54Market:MachicoCountry:PortugalProperties:254Monthly Revenue:$1710.30Daily Rate (ADR):$122.57Occupancy:59.05%Regulation:Low
Rank:#55Market:Lourinhã e AtalaiaCountry:PortugalProperties:248Monthly Revenue:$1025.55Daily Rate (ADR):$170.95Occupancy:34.46%Regulation:Low
Rank:#56Market:Póvoa de VarzimCountry:PortugalProperties:225Monthly Revenue:$962.06Daily Rate (ADR):$126.52Occupancy:39.36%Regulation:Low
Rank:#57Market:Ribeira BravaCountry:PortugalProperties:224Monthly Revenue:$3295.48Daily Rate (ADR):$194.04Occupancy:62.00%Regulation:Low
Rank:#58Market:SeixalCountry:PortugalProperties:222Monthly Revenue:$1931.42Daily Rate (ADR):$207.37Occupancy:43.55%Regulation:Low
Rank:#59Market:São Roque do PicoCountry:PortugalProperties:220Monthly Revenue:$1158.67Daily Rate (ADR):$153.34Occupancy:40.31%Regulation:Low
Rank:#60Market:ÍlhavoCountry:PortugalProperties:219Monthly Revenue:$1067.41Daily Rate (ADR):$133.76Occupancy:38.59%Regulation:Low
Rank:#61Market:Vieira do MinhoCountry:PortugalProperties:215Monthly Revenue:$1207.47Daily Rate (ADR):$188.42Occupancy:34.76%Regulation:Low
Rank:#62Market:FerragudoCountry:PortugalProperties:213Monthly Revenue:$2116.71Daily Rate (ADR):$237.72Occupancy:45.48%Regulation:Low
Rank:#63Market:Alcantarilha e PêraCountry:PortugalProperties:211Monthly Revenue:$1599.91Daily Rate (ADR):$237.31Occupancy:43.44%Regulation:Low
Rank:#64Market:Castro MarimCountry:PortugalProperties:203Monthly Revenue:$1242.29Daily Rate (ADR):$171.30Occupancy:37.66%Regulation:Low
Rank:#65Market:PalmelaCountry:PortugalProperties:198Monthly Revenue:$1457.48Daily Rate (ADR):$201.96Occupancy:40.18%Regulation:Low
Rank:#66Market:LouresCountry:PortugalProperties:194Monthly Revenue:$1147.30Daily Rate (ADR):$103.78Occupancy:45.14%Regulation:Low
Rank:#67Market:TomarCountry:PortugalProperties:192Monthly Revenue:$970.15Daily Rate (ADR):$135.88Occupancy:35.35%Regulation:Low
Rank:#68Market:SeiaCountry:PortugalProperties:188Monthly Revenue:$759.16Daily Rate (ADR):$140.40Occupancy:27.15%Regulation:Low
Rank:#69Market:PovoaçãoCountry:PortugalProperties:187Monthly Revenue:$1990.68Daily Rate (ADR):$167.61Occupancy:49.96%Regulation:Low
Rank:#70Market:SilvesCountry:PortugalProperties:177Monthly Revenue:$1943.90Daily Rate (ADR):$210.30Occupancy:45.27%Regulation:Low
Rank:#71Market:OvarCountry:PortugalProperties:172Monthly Revenue:$861.10Daily Rate (ADR):$112.13Occupancy:37.59%Regulation:Low
Rank:#72Market:Vila Franca do CampoCountry:PortugalProperties:172Monthly Revenue:$1908.12Daily Rate (ADR):$196.59Occupancy:51.06%Regulation:Low
Rank:#73Market:AmadoraCountry:PortugalProperties:169Monthly Revenue:$926.50Daily Rate (ADR):$71.69Occupancy:53.51%Regulation:Low
Rank:#74Market:AmaranteCountry:PortugalProperties:166Monthly Revenue:$1086.08Daily Rate (ADR):$152.30Occupancy:34.28%Regulation:Low
Rank:#75Market:LeiriaCountry:PortugalProperties:163Monthly Revenue:$786.51Daily Rate (ADR):$117.97Occupancy:36.94%Regulation:Low
Rank:#76Market:Porto SantoCountry:PortugalProperties:163Monthly Revenue:$1560.88Daily Rate (ADR):$187.73Occupancy:42.13%Regulation:Low
Rank:#77Market:SantanaCountry:PortugalProperties:163Monthly Revenue:$1903.03Daily Rate (ADR):$143.81Occupancy:57.06%Regulation:Low
Rank:#78Market:Porto MonizCountry:PortugalProperties:162Monthly Revenue:$1783.96Daily Rate (ADR):$121.19Occupancy:58.69%Regulation:Low
Rank:#79Market:Estômbar e ParchalCountry:PortugalProperties:144Monthly Revenue:$1569.40Daily Rate (ADR):$231.83Occupancy:42.70%Regulation:Low
Rank:#80Market:Peso da RéguaCountry:PortugalProperties:143Monthly Revenue:$1322.83Daily Rate (ADR):$181.94Occupancy:30.63%Regulation:Low
Rank:#81Market:Reguengos de MonsarazCountry:PortugalProperties:140Monthly Revenue:$1047.89Daily Rate (ADR):$135.89Occupancy:34.33%Regulation:Low
Rank:#82Market:QuelfesCountry:PortugalProperties:135Monthly Revenue:$1291.15Daily Rate (ADR):$165.17Occupancy:45.41%Regulation:Low
Rank:#83Market:MadalenaCountry:PortugalProperties:133Monthly Revenue:$1269.37Daily Rate (ADR):$129.19Occupancy:46.90%Regulation:Low
Rank:#84Market:CovilhãCountry:PortugalProperties:133Monthly Revenue:$944.73Daily Rate (ADR):$147.49Occupancy:31.00%Regulation:Low
Rank:#85Market:OurémCountry:PortugalProperties:131Monthly Revenue:$1037.07Daily Rate (ADR):$127.33Occupancy:36.13%Regulation:Low
Rank:#86Market:Câmara de LobosCountry:PortugalProperties:128Monthly Revenue:$3320.69Daily Rate (ADR):$213.25Occupancy:61.85%Regulation:Low
Rank:#87Market:BarcelosCountry:PortugalProperties:126Monthly Revenue:$1090.89Daily Rate (ADR):$168.55Occupancy:35.07%Regulation:Low
Rank:#88Market:São Brás de AlportelCountry:PortugalProperties:122Monthly Revenue:$2135.58Daily Rate (ADR):$245.65Occupancy:44.66%Regulation:Low
Rank:#89Market:GondomarCountry:PortugalProperties:122Monthly Revenue:$1381.31Daily Rate (ADR):$177.14Occupancy:40.63%Regulation:Low
Rank:#90Market:SinesCountry:PortugalProperties:121Monthly Revenue:$1439.54Daily Rate (ADR):$174.75Occupancy:42.22%Regulation:Low
Rank:#91Market:EspinhoCountry:PortugalProperties:119Monthly Revenue:$774.32Daily Rate (ADR):$111.86Occupancy:35.98%Regulation:Low
Rank:#92Market:ComportaCountry:PortugalProperties:116Monthly Revenue:$3275.36Daily Rate (ADR):$423.68Occupancy:39.47%Regulation:Low
Rank:#93Market:PenafielCountry:PortugalProperties:114Monthly Revenue:$1409.21Daily Rate (ADR):$219.61Occupancy:32.80%Regulation:Low
Rank:#94Market:BragançaCountry:PortugalProperties:111Monthly Revenue:$669.10Daily Rate (ADR):$102.93Occupancy:30.83%Regulation:Low
Rank:#95Market:MonchiqueCountry:PortugalProperties:109Monthly Revenue:$1256.07Daily Rate (ADR):$140.23Occupancy:42.17%Regulation:Low
Rank:#96Market:BaiãoCountry:PortugalProperties:105Monthly Revenue:$1372.30Daily Rate (ADR):$233.01Occupancy:33.99%Regulation:Low
Rank:#97Market:Ponte da BarcaCountry:PortugalProperties:104Monthly Revenue:$856.49Daily Rate (ADR):$134.58Occupancy:34.56%Regulation:Low
Rank:#98Market:ViseuCountry:PortugalProperties:104Monthly Revenue:$713.96Daily Rate (ADR):$109.05Occupancy:30.60%Regulation:Low
Rank:#99Market:Cabeceiras de BastoCountry:PortugalProperties:103Monthly Revenue:$1115.46Daily Rate (ADR):$172.15Occupancy:36.41%Regulation:Low
Rank:#100Market:Vila RealCountry:PortugalProperties:102Monthly Revenue:$875.80Daily Rate (ADR):$130.86Occupancy:32.31%Regulation:Low

Our Data-Driven Methodology for STR Market Analysis

At AirROI, our market rankings and insights are powered by a robust methodology combining comprehensive Airbnb data collection with sophisticated STR analytics techniques. We strive to provide the most accurate and actionable intelligence for short-term rental investors.

Data Collection & Scope

  • Global Coverage: We aggregate STR data from tens of millions of active short-term rental listings across platforms like Airbnb and Vrbo worldwide.
  • Real-Time Metrics: Our systems track key performance indicators (KPIs) daily, including booking rates, nightly pricing (ADR), occupancy rates, and revenue.
  • Regulatory Monitoring: We actively monitor and incorporate local short-term rental regulations, licensing requirements, and tax obligations into our market analysis.

Analysis & Ranking

  • Proprietary Algorithms: AI and machine learning models analyze booking patterns, predict seasonal demand shifts, and identify emerging market trends in the STR space.
  • Key Metric Evaluation: We evaluate markets based on a weighted combination of critical investment factors using our extensive Airbnb analytics:
    • Revenue Potential: Average Monthly Revenue and Average Daily Rate (ADR).
    • Market Demand: Occupancy Rate and booking lead times.
    • Investment Scale: Number of active properties and market growth trends.
    • Regulatory Environment: Assessed impact of local STR regulations on operational feasibility and profitability.
  • Benchmarking: Performance is benchmarked against regional and global averages to provide context for vacation rental investment potential.

Key Metrics Explained

  • Properties: The count of active short-term rental listings in the market.
  • Monthly Revenue: Average revenue generated per property per month, a key indicator for Airbnb profitability.
  • Daily Rate (ADR): Average nightly booking price.
  • Occupancy: Percentage of nights booked out of total available nights, crucial for understanding STR demand.
  • Regulation: An indicator of the local regulatory climate impacting Airbnb investment.

This rigorous approach ensures our recommendations are based on real-world performance Airbnb data and forward-looking market analysis, empowering you to invest smarter in the vacation rental market.

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