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

Source: AirROI

Last updated: 2025-08-01

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:12,884Monthly Revenue:$2312.59Daily Rate (ADR):$154.84Occupancy:55.46%Regulation:Low
Rank:#2Market:PortoCountry:PortugalProperties:8,365Monthly Revenue:$1793.13Daily Rate (ADR):$129.48Occupancy:52.06%Regulation:Low
Rank:#3Market:AlbufeiraCountry:PortugalProperties:4,812Monthly Revenue:$2548.12Daily Rate (ADR):$267.49Occupancy:45.75%Regulation:Low
Rank:#4Market:LagosCountry:PortugalProperties:3,476Monthly Revenue:$2003.33Daily Rate (ADR):$183.62Occupancy:49.92%Regulation:Low
Rank:#5Market:LouléCountry:PortugalProperties:2,792Monthly Revenue:$2165.59Daily Rate (ADR):$259.35Occupancy:42.17%Regulation:Low
Rank:#6Market:PortimãoCountry:PortugalProperties:2,458Monthly Revenue:$1421.68Daily Rate (ADR):$167.73Occupancy:43.59%Regulation:Low
Rank:#7Market:FunchalCountry:PortugalProperties:2,253Monthly Revenue:$3699.93Daily Rate (ADR):$227.68Occupancy:60.40%Regulation:Low
Rank:#8Market:CascaisCountry:PortugalProperties:1,700Monthly Revenue:$2087.42Daily Rate (ADR):$201.61Occupancy:46.55%Regulation:Low
Rank:#9Market:TaviraCountry:PortugalProperties:1,489Monthly Revenue:$1432.86Daily Rate (ADR):$166.86Occupancy:42.95%Regulation:Low
Rank:#10Market:Ponta DelgadaCountry:PortugalProperties:1,365Monthly Revenue:$1841.31Daily Rate (ADR):$153.81Occupancy:49.85%Regulation:Low
Rank:#11Market:AlmadaCountry:PortugalProperties:1,263Monthly Revenue:$1659.93Daily Rate (ADR):$154.98Occupancy:46.16%Regulation:Low
Rank:#12Market:SintraCountry:PortugalProperties:1,213Monthly Revenue:$1712.82Daily Rate (ADR):$194.09Occupancy:42.71%Regulation:Low
Rank:#13Market:Vila Nova de GaiaCountry:PortugalProperties:1,151Monthly Revenue:$1703.07Daily Rate (ADR):$139.02Occupancy:50.59%Regulation:Low
Rank:#14Market:AljezurCountry:PortugalProperties:1,129Monthly Revenue:$1509.24Daily Rate (ADR):$162.15Occupancy:45.25%Regulation:Low
Rank:#15Market:Lagoa e CarvoeiroCountry:PortugalProperties:1,101Monthly Revenue:$2328.52Daily Rate (ADR):$244.26Occupancy:47.45%Regulation:Low
Rank:#16Market:FaroCountry:PortugalProperties:1,071Monthly Revenue:$1510.48Daily Rate (ADR):$139.78Occupancy:47.52%Regulation:Low
Rank:#17Market:CalhetaCountry:PortugalProperties:1,051Monthly Revenue:$2783.13Daily Rate (ADR):$188.11Occupancy:58.26%Regulation:Low
Rank:#18Market:PenicheCountry:PortugalProperties:1,035Monthly Revenue:$922.26Daily Rate (ADR):$116.26Occupancy:38.63%Regulation:Low
Rank:#19Market:NazaréCountry:PortugalProperties:1,009Monthly Revenue:$1087.58Daily Rate (ADR):$117.56Occupancy:38.84%Regulation:Low
Rank:#20Market:Vila do BispoCountry:PortugalProperties:1,008Monthly Revenue:$1792.74Daily Rate (ADR):$172.85Occupancy:46.77%Regulation:Low
Rank:#21Market:MafraCountry:PortugalProperties:964Monthly Revenue:$1448.30Daily Rate (ADR):$163.18Occupancy:42.31%Regulation:Low
Rank:#22Market:SesimbraCountry:PortugalProperties:806Monthly Revenue:$1369.51Daily Rate (ADR):$179.90Occupancy:39.69%Regulation:Low
Rank:#23Market:OdemiraCountry:PortugalProperties:738Monthly Revenue:$1057.87Daily Rate (ADR):$129.45Occupancy:37.81%Regulation:Low
Rank:#24Market:BragaCountry:PortugalProperties:626Monthly Revenue:$869.09Daily Rate (ADR):$101.88Occupancy:38.14%Regulation:Low
Rank:#25Market:SetúbalCountry:PortugalProperties:588Monthly Revenue:$1315.99Daily Rate (ADR):$172.80Occupancy:39.73%Regulation:Low
Rank:#26Market:CoimbraCountry:PortugalProperties:544Monthly Revenue:$934.65Daily Rate (ADR):$91.95Occupancy:41.11%Regulation:Low
Rank:#27Market:Santa CruzCountry:PortugalProperties:544Monthly Revenue:$2826.58Daily Rate (ADR):$186.56Occupancy:57.60%Regulation:Low
Rank:#28Market:OlhãoCountry:PortugalProperties:536Monthly Revenue:$1614.59Daily Rate (ADR):$144.71Occupancy:49.64%Regulation:Low
Rank:#29Market:Armação de PêraCountry:PortugalProperties:535Monthly Revenue:$1559.29Daily Rate (ADR):$187.22Occupancy:44.03%Regulation:Low
Rank:#30Market:Viana do CasteloCountry:PortugalProperties:515Monthly Revenue:$1212.19Daily Rate (ADR):$180.69Occupancy:35.54%Regulation:Low
Rank:#31Market:AlcobaçaCountry:PortugalProperties:483Monthly Revenue:$922.58Daily Rate (ADR):$138.48Occupancy:38.16%Regulation:Low
Rank:#32Market:AveiroCountry:PortugalProperties:448Monthly Revenue:$922.42Daily Rate (ADR):$108.39Occupancy:38.60%Regulation:Low
Rank:#33Market:MatosinhosCountry:PortugalProperties:445Monthly Revenue:$1291.71Daily Rate (ADR):$112.05Occupancy:46.84%Regulation:Low
Rank:#34Market:Vila Real de Santo AntónioCountry:PortugalProperties:430Monthly Revenue:$1058.71Daily Rate (ADR):$145.20Occupancy:38.72%Regulation:Low
Rank:#35Market:ÓbidosCountry:PortugalProperties:416Monthly Revenue:$1266.75Daily Rate (ADR):$209.68Occupancy:34.72%Regulation:Low
Rank:#36Market:CaminhaCountry:PortugalProperties:384Monthly Revenue:$835.25Daily Rate (ADR):$182.06Occupancy:33.69%Regulation:Low
Rank:#37Market:PorchesCountry:PortugalProperties:373Monthly Revenue:$1676.45Daily Rate (ADR):$190.53Occupancy:44.15%Regulation:Low
Rank:#38Market:Caldas da RainhaCountry:PortugalProperties:362Monthly Revenue:$1233.12Daily Rate (ADR):$174.41Occupancy:39.28%Regulation:Low
Rank:#39Market:OeirasCountry:PortugalProperties:362Monthly Revenue:$1691.86Daily Rate (ADR):$137.44Occupancy:51.27%Regulation:Low
Rank:#40Market:EsposendeCountry:PortugalProperties:350Monthly Revenue:$1103.85Daily Rate (ADR):$175.39Occupancy:38.00%Regulation:Low
Rank:#41Market:GrândolaCountry:PortugalProperties:349Monthly Revenue:$2336.44Daily Rate (ADR):$386.37Occupancy:33.16%Regulation:Low
Rank:#42Market:Ponte de LimaCountry:PortugalProperties:344Monthly Revenue:$1002.37Daily Rate (ADR):$201.57Occupancy:30.02%Regulation:Low
Rank:#43Market:Moncarapacho e FusetaCountry:PortugalProperties:327Monthly Revenue:$1425.11Daily Rate (ADR):$156.96Occupancy:44.56%Regulation:Low
Rank:#44Market:Figueira da FozCountry:PortugalProperties:322Monthly Revenue:$779.28Daily Rate (ADR):$126.93Occupancy:34.47%Regulation:Low
Rank:#45Market:Ponta do SolCountry:PortugalProperties:322Monthly Revenue:$3118.08Daily Rate (ADR):$175.28Occupancy:64.53%Regulation:Low
Rank:#46Market:Terras de BouroCountry:PortugalProperties:295Monthly Revenue:$1085.14Daily Rate (ADR):$163.16Occupancy:31.52%Regulation:Low
Rank:#47Market:GuimarãesCountry:PortugalProperties:293Monthly Revenue:$1059.40Daily Rate (ADR):$153.18Occupancy:36.39%Regulation:Low
Rank:#48Market:Santiago do CacémCountry:PortugalProperties:288Monthly Revenue:$1188.89Daily Rate (ADR):$197.38Occupancy:33.15%Regulation:Low
Rank:#49Market:São VicenteCountry:PortugalProperties:280Monthly Revenue:$2414.91Daily Rate (ADR):$140.91Occupancy:62.08%Regulation:Low
Rank:#50Market:MachicoCountry:PortugalProperties:271Monthly Revenue:$1684.90Daily Rate (ADR):$122.16Occupancy:58.92%Regulation:Low
Rank:#51Market:Vila do CondeCountry:PortugalProperties:270Monthly Revenue:$1222.24Daily Rate (ADR):$144.16Occupancy:39.89%Regulation:Low
Rank:#52Market:ÉvoraCountry:PortugalProperties:266Monthly Revenue:$1039.79Daily Rate (ADR):$123.85Occupancy:36.57%Regulation:Low
Rank:#53Market:Arcos de ValdevezCountry:PortugalProperties:265Monthly Revenue:$883.55Daily Rate (ADR):$144.73Occupancy:32.45%Regulation:Low
Rank:#54Market:Torres VedrasCountry:PortugalProperties:256Monthly Revenue:$1129.73Daily Rate (ADR):$148.78Occupancy:35.13%Regulation:Low
Rank:#55Market:Lourinhã e AtalaiaCountry:PortugalProperties:234Monthly Revenue:$1027.11Daily Rate (ADR):$182.35Occupancy:32.66%Regulation:Low
Rank:#56Market:Ribeira BravaCountry:PortugalProperties:233Monthly Revenue:$3144.32Daily Rate (ADR):$187.36Occupancy:61.92%Regulation:Low
Rank:#57Market:Póvoa de VarzimCountry:PortugalProperties:225Monthly Revenue:$904.03Daily Rate (ADR):$127.46Occupancy:36.70%Regulation:Low
Rank:#58Market:São Roque do PicoCountry:PortugalProperties:224Monthly Revenue:$1112.43Daily Rate (ADR):$156.98Occupancy:37.91%Regulation:Low
Rank:#59Market:SeixalCountry:PortugalProperties:222Monthly Revenue:$1944.60Daily Rate (ADR):$206.83Occupancy:42.33%Regulation:Low
Rank:#60Market:ÍlhavoCountry:PortugalProperties:220Monthly Revenue:$1065.16Daily Rate (ADR):$134.08Occupancy:37.50%Regulation:Low
Rank:#61Market:FerragudoCountry:PortugalProperties:215Monthly Revenue:$2170.80Daily Rate (ADR):$237.76Occupancy:45.11%Regulation:Low
Rank:#62Market:Vieira do MinhoCountry:PortugalProperties:214Monthly Revenue:$1194.68Daily Rate (ADR):$194.46Occupancy:33.61%Regulation:Low
Rank:#63Market:Alcantarilha e PêraCountry:PortugalProperties:205Monthly Revenue:$1697.04Daily Rate (ADR):$235.53Occupancy:43.38%Regulation:Low
Rank:#64Market:Castro MarimCountry:PortugalProperties:199Monthly Revenue:$1255.23Daily Rate (ADR):$171.79Occupancy:36.38%Regulation:Low
Rank:#65Market:LouresCountry:PortugalProperties:195Monthly Revenue:$1142.19Daily Rate (ADR):$103.28Occupancy:45.93%Regulation:Low
Rank:#66Market:TomarCountry:PortugalProperties:195Monthly Revenue:$936.58Daily Rate (ADR):$131.37Occupancy:35.55%Regulation:Low
Rank:#67Market:SeiaCountry:PortugalProperties:193Monthly Revenue:$741.60Daily Rate (ADR):$140.36Occupancy:26.30%Regulation:Low
Rank:#68Market:PalmelaCountry:PortugalProperties:192Monthly Revenue:$1438.24Daily Rate (ADR):$209.01Occupancy:37.64%Regulation:Low
Rank:#69Market:PovoaçãoCountry:PortugalProperties:191Monthly Revenue:$1982.70Daily Rate (ADR):$169.52Occupancy:48.34%Regulation:Low
Rank:#70Market:LeiriaCountry:PortugalProperties:182Monthly Revenue:$731.73Daily Rate (ADR):$122.59Occupancy:34.53%Regulation:Low
Rank:#71Market:Vila Franca do CampoCountry:PortugalProperties:181Monthly Revenue:$1899.69Daily Rate (ADR):$200.33Occupancy:48.98%Regulation:Low
Rank:#72Market:SilvesCountry:PortugalProperties:177Monthly Revenue:$1949.97Daily Rate (ADR):$210.65Occupancy:44.07%Regulation:Low
Rank:#73Market:AmadoraCountry:PortugalProperties:176Monthly Revenue:$913.38Daily Rate (ADR):$72.98Occupancy:53.03%Regulation:Low
Rank:#74Market:OvarCountry:PortugalProperties:173Monthly Revenue:$815.56Daily Rate (ADR):$113.32Occupancy:36.06%Regulation:Low
Rank:#75Market:Porto MonizCountry:PortugalProperties:173Monthly Revenue:$1717.75Daily Rate (ADR):$121.22Occupancy:57.60%Regulation:Low
Rank:#76Market:Porto SantoCountry:PortugalProperties:169Monthly Revenue:$1724.74Daily Rate (ADR):$206.18Occupancy:40.15%Regulation:Low
Rank:#77Market:AmaranteCountry:PortugalProperties:166Monthly Revenue:$1095.87Daily Rate (ADR):$154.98Occupancy:33.88%Regulation:Low
Rank:#78Market:SantanaCountry:PortugalProperties:162Monthly Revenue:$1849.31Daily Rate (ADR):$145.18Occupancy:56.38%Regulation:Low
Rank:#79Market:Estômbar e ParchalCountry:PortugalProperties:146Monthly Revenue:$1515.27Daily Rate (ADR):$240.38Occupancy:40.45%Regulation:Low
Rank:#80Market:Reguengos de MonsarazCountry:PortugalProperties:141Monthly Revenue:$1021.04Daily Rate (ADR):$135.43Occupancy:34.21%Regulation:Low
Rank:#81Market:Peso da RéguaCountry:PortugalProperties:140Monthly Revenue:$1387.49Daily Rate (ADR):$182.66Occupancy:31.23%Regulation:Low
Rank:#82Market:MadalenaCountry:PortugalProperties:138Monthly Revenue:$1276.31Daily Rate (ADR):$136.68Occupancy:44.68%Regulation:Low
Rank:#83Market:OurémCountry:PortugalProperties:133Monthly Revenue:$1042.96Daily Rate (ADR):$128.62Occupancy:35.37%Regulation:Low
Rank:#84Market:CovilhãCountry:PortugalProperties:131Monthly Revenue:$945.49Daily Rate (ADR):$145.54Occupancy:30.44%Regulation:Low
Rank:#85Market:QuelfesCountry:PortugalProperties:131Monthly Revenue:$1285.68Daily Rate (ADR):$171.94Occupancy:44.35%Regulation:Low
Rank:#86Market:GondomarCountry:PortugalProperties:130Monthly Revenue:$1379.42Daily Rate (ADR):$169.97Occupancy:40.85%Regulation:Low
Rank:#87Market:BarcelosCountry:PortugalProperties:129Monthly Revenue:$1121.22Daily Rate (ADR):$176.74Occupancy:33.59%Regulation:Low
Rank:#88Market:Câmara de LobosCountry:PortugalProperties:129Monthly Revenue:$3318.45Daily Rate (ADR):$215.32Occupancy:60.95%Regulation:Low
Rank:#89Market:São Brás de AlportelCountry:PortugalProperties:122Monthly Revenue:$2160.93Daily Rate (ADR):$251.82Occupancy:43.27%Regulation:Low
Rank:#90Market:EspinhoCountry:PortugalProperties:119Monthly Revenue:$753.21Daily Rate (ADR):$109.15Occupancy:34.06%Regulation:Low
Rank:#91Market:SinesCountry:PortugalProperties:118Monthly Revenue:$1429.61Daily Rate (ADR):$176.63Occupancy:39.53%Regulation:Low
Rank:#92Market:PenafielCountry:PortugalProperties:117Monthly Revenue:$1354.91Daily Rate (ADR):$218.64Occupancy:32.40%Regulation:Low
Rank:#93Market:BragançaCountry:PortugalProperties:114Monthly Revenue:$644.88Daily Rate (ADR):$102.77Occupancy:29.59%Regulation:Low
Rank:#94Market:ComportaCountry:PortugalProperties:111Monthly Revenue:$3294.12Daily Rate (ADR):$413.03Occupancy:38.09%Regulation:Low
Rank:#95Market:MonchiqueCountry:PortugalProperties:107Monthly Revenue:$1282.02Daily Rate (ADR):$144.24Occupancy:41.32%Regulation:Low
Rank:#96Market:Cabeceiras de BastoCountry:PortugalProperties:104Monthly Revenue:$1099.74Daily Rate (ADR):$172.38Occupancy:34.90%Regulation:Low
Rank:#97Market:ViseuCountry:PortugalProperties:104Monthly Revenue:$711.88Daily Rate (ADR):$110.18Occupancy:29.77%Regulation:Low
Rank:#98Market:Ponte da BarcaCountry:PortugalProperties:103Monthly Revenue:$831.78Daily Rate (ADR):$132.71Occupancy:34.13%Regulation:Low
Rank:#99Market:Vila RealCountry:PortugalProperties:103Monthly Revenue:$887.01Daily Rate (ADR):$129.93Occupancy:32.52%Regulation:Low
Rank:#100Market:AroucaCountry:PortugalProperties:98Monthly Revenue:$913.44Daily Rate (ADR):$166.93Occupancy:27.20%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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