Flats with more than 20 price changes since June 2025 highlight the most volatile segment of Lisbon’s rental market. For tenants, these listings present negotiation leverage. For landlords, they reflect the challenge of balancing asking prices with tenant demand in a competitive urban market.

The Lisbon rental market looks balanced but slightly cooling on the demand side. Landlords are confident enough to edge up asking rents, but tenants seem more cautious in engagement. Each week, 500–700 listings disappear and a few hundred new ones enter, creating a constant refresh cycle.