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Its home to around 34,000 people and has modern amenities like a shopping mall and private hospital.
Furnished apartments are $400-$500 per month.
Covilha, Portugal
Covilha sits in central Portugal and featuresbeautiful river beaches.
It also offers easy access to the Serra da Estrela mountains, home of the countrys only ski resort.
Its located less than 20 miles from Spains northern coast.
Although its a larger city with a population of 220,000, its still affordable.
Like other cities on this list, it offers both historic sites and modern amenities.
Acentrally located apartment rentsfor about $700 per month.
Even so, the remaining $800 can cover other essentials for couples sticking to a $1,500 budget.
However, its also an affordable place to enjoy retirement.
For example, rent for a one-bedroom apartment starts at $450.
A couple can cover housing and living costs for about $1,500 per month.
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