Gross rental yields in Germany: Berlin and 7 other cities
The average gross rental yield in Germany stands at 3.74% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 3.55%.
- Berlin
- Frankfurt
- Stuttgart
- Munich
- Hamburg
- Leipzig
- Cologne
- Düsseldorf
Last Updated: Jan. 24, 2024 | |||
BERLIN - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Charlottenburg-Wilmersdorf | |||
Studio | €240,000 | €990 | 4.95% |
1-Bedroom | €381,000 | €1,400 | 4.41% |
2-Bedroom | €647,000 | €2,000 | 3.71% |
3-Bedroom | €935,000 | €3,465 | 4.45% |
Pankow (district) | |||
Studio | €208,465 | €807 | 4.65% |
1-Bedroom | €320,000 | €827 | 3.10% |
2-Bedroom | €595,000 | €1,500 | 3.03% |
Mitte (district) | |||
Studio | €219,245 | €775 | 4.24% |
1-Bedroom | €355,000 | €1,300 | 4.39% |
2-Bedroom | €679,500 | €2,166 | 3.83% |
3-Bedroom | €950,000 | €2,899 | 3.66% |
Friedrichshain-Kreuzberg | |||
Studio | €225,000 | €735 | 3.92% |
1-Bedroom | €359,000 | €860 | 2.87% |
2-Bedroom | €635,000 | €1,705 | 3.22% |
3-Bedroom | €879,900 | €2,600 | 3.55% |
Tempelhof-Schöneberg | |||
Studio | €220,500 | €750 | 4.08% |
1-Bedroom | €325,000 | €850 | 3.14% |
2-Bedroom | €439,000 | €1,741 | 4.76% |
Treptow-Köpenick | |||
Studio | €225,000 | €630 | 3.36% |
1-Bedroom | €290,000 | €1,000 | 4.14% |
2-Bedroom | €497,300 | €1,407 | 3.40% |
Potsdam | |||
1-Bedroom | €280,000 | €850 | 3.64% |
2-Bedroom | €419,000 | €1,575 | 4.51% |
Neukölln (district) | |||
Studio | €219,000 | €610 | 3.34% |
1-Bedroom | €262,000 | €656 | 3.00% |
2-Bedroom | €375,000 | €1,347 | 4.31% |
Berlin avg. Rental Yields | 3.83% | ||
FRANKFURT - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
District of Offenbach | |||
1-Bedroom | €225,000 | €799 | 4.26% |
2-Bedroom | €299,000 | €1,095 | 4.39% |
3-Bedroom | €480,000 | €1,390 | 3.48% |
Main-Kinzig District | |||
1-Bedroom | €282,000 | €770 | 3.28% |
2-Bedroom | €276,500 | €990 | 4.30% |
3-Bedroom | €388,000 | €1,280 | 3.96% |
Main-Taunus-Kreis | |||
1-Bedroom | €304,500 | €800 | 3.15% |
2-Bedroom | €399,000 | €1,100 | 3.31% |
3-Bedroom | €700,500 | €1,445 | 2.48% |
Hochtaunuskreis | |||
1-Bedroom | €278,000 | €830 | 3.58% |
2-Bedroom | €459,000 | €1,358 | 3.55% |
3-Bedroom | €689,450 | €1,790 | 3.12% |
Offenbach am Main | |||
1-Bedroom | €360,000 | €900 | 3.00% |
2-Bedroom | €319,000 | €1,235 | 4.65% |
3-Bedroom | €495,000 | €1,510 | 3.66% |
Groß-Gerau district | |||
1-Bedroom | €195,000 | €729 | 4.49% |
2-Bedroom | €279,000 | €1,150 | 4.95% |
Downtown II | |||
1-Bedroom | €549,950 | €1,387 | 3.03% |
2-Bedroom | €739,500 | €1,880 | 3.05% |
Wetteraukreis | |||
1-Bedroom | €241,000 | €700 | 3.49% |
2-Bedroom | €327,000 | €900 | 3.30% |
3-Bedroom | €449,000 | €1,245 | 3.33% |
Frankfurt am Main avg. Rental Yields | 3.63% | ||
STUTTGART - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Stuttgart (all locations) | |||
Studio | €169,000 | €745 | 5.29% |
1-Bedroom | €270,000 | €1,030 | 4.58% |
2-Bedroom | €347,000 | €1,225 | 4.24% |
3-Bedroom | €525,000 | €1,722 | 3.94% |
4+Bedroom | €750,000 | €2,240 | 3.58% |
Stuttgart avg. Rental Yields | 4.32% | ||
MUNICH - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
District of Munich | |||
1-Bedroom | €437,350 | €1,193 | 3.27% |
2-Bedroom | €660,000 | €1,730 | 3.15% |
3-Bedroom | €886,000 | €1,970 | 2.67% |
Bogenhausen | |||
1-Bedroom | €544,500 | €1,550 | 3.42% |
2-Bedroom | €755,000 | €2,137 | 3.40% |
District Fürstenfeldbruck | |||
1-Bedroom | €390,000 | €1,075 | 3.31% |
2-Bedroom | €465,000 | €1,410 | 3.64% |
Munich avg. Rental Yields | 3.26% | ||
HAMBURG - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Wandsbek (district) | |||
1-Bedroom | €298,000 | €950 | 3.83% |
2-Bedroom | €424,900 | €1,400 | 3.95% |
Hamburg-Nord | |||
Studio | €257,550 | €700 | 3.26% |
1-Bedroom | €357,000 | €902 | 3.03% |
2-Bedroom | €712,000 | €1,200 | 2.02% |
Eimsbüttel (district) | |||
1-Bedroom | €339,000 | €850 | 3.01% |
2-Bedroom | €455,708 | €1,325 | 3.49% |
Pinneberg District | |||
1-Bedroom | €269,500 | €645 | 2.87% |
2-Bedroom | €315,000 | €963 | 3.67% |
Altona | |||
1-Bedroom | €395,000 | €1,087 | 3.30% |
2-Bedroom | €715,000 | €1,450 | 2.43% |
Hamburg avg. Rental Yields | 3.17% | ||
LEIPZIG - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Center | |||
1-Bedroom | €232,000 | €789 | 4.08% |
2-Bedroom | €379,500 | €1,215 | 3.84% |
Leipzig (all locations) | |||
Studio | €112,415 | €405 | 4.32% |
1-Bedroom | €159,000 | €681 | 5.14% |
2-Bedroom | €260,000 | €925 | 4.27% |
3-Bedroom | €470,112 | €1,564 | 3.99% |
Leipzig avg. Rental Yields | 4.43% | ||
COLOGNE - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Center | |||
1-Bedroom | €348,000 | €855 | 2.95% |
2-Bedroom | €469,250 | €1,535 | 3.93% |
Cologne (all locations) | |||
Studio | €165,000 | €550 | 4.00% |
1-Bedroom | €289,000 | €800 | 3.32% |
2-Bedroom | €400,000 | €1,251 | 3.75% |
3-Bedroom | €599,450 | €1,750 | 3.50% |
Cologne avg. Rental Yields | 3.64% | ||
DÜSSELDORF - Apartments | COST (€) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Center | |||
1-Bedroom | €324,500 | €950 | 3.51% |
2-Bedroom | €579,900 | €1,468 | 3.04% |
Düsseldorf (all locations) | |||
Studio | €145,000 | €600 | 4.97% |
1-Bedroom | €273,750 | €850 | 3.73% |
2-Bedroom | €419,450 | €1,230 | 3.52% |
3-Bedroom | €790,000 | €1,610 | 2.45% |
Düsseldorf avg. Rental Yields | 3.66% | ||
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and immobilienscout24.de |
Germany´s Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Germany. We utilized the Immobilenscout24 website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).