Gross rental yields in Serbia: Belgrade and Novi Sad
Average residential gross rental yield in Serbia stands at 5.14% (Q3, 2026). Previously, in Q1 2026, the rental yield was 5.63%.
Cities compared
- Belgrade
- Novi Sad
Historical rental yields in Serbia
| BELGRADE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Belgrade (all locations) | |||
| Studio | €99,000 | €450 | 5.45% |
| 1-Bedroom | €132,000 | €650 | 5.91% |
| 2-Bedroom | €200,000 | €1,000 | 6.00% |
| 3-Bedroom | €280,000 | €1,600 | 6.86% |
| 4+Bedroom | €450,000 | €2,200 | 5.87% |
| Belgrade avg. Rental Yields | 6.02% | ||
| NOVI SAD - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Novi Sad (all locations) | |||
| Studio | €82,400 | €320 | 4.66% |
| 1-Bedroom | €117,400 | €350 | 3.58% |
| 2-Bedroom | €144,400 | €450 | 3.74% |
| 3-Bedroom | €200,900 | €650 | 3.88% |
| 4+Bedroom | €265,000 | €1,200 | 5.43% |
| Novi Sad avg. Rental Yields | 4.26% | ||
| 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 Srbija-nekretnine |
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View the full rental yield dataset (2025 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights into Serbia’s property market. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Serbia, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
