Gross rental yields in Turkey: Istanbul and 7 other cities
Average gross rental yields in Turkey stands at 6.36% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 6.52%.
- Istanbul
- Antalya
- Izmir
- Ankara
- Adana
- Konya
- Kayseri
- Bursa
Last Updated: Jan. 23, 2024 | |||
ISTANBUL - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Kadıköy | |||
1-Bedroom | $161,190 | $764 | 5.69% |
2-Bedroom | $227,660 | $1,063 | 5.60% |
3-Bedroom | $355,448 | $1,163 | 3.93% |
Maltepe | |||
1-Bedroom | $108,014 | $615 | 6.83% |
2-Bedroom | $137,925 | $706 | 6.14% |
3-Bedroom | $177,807 | $798 | 5.39% |
Esenyurt | |||
1-Bedroom | $48,191 | $332 | 8.27% |
2-Bedroom | $54,837 | $366 | 8.01% |
3-Bedroom | $79,730 | $499 | 7.51% |
Şişli | |||
1-Bedroom | $78,102 | $465 | 7.14% |
2-Bedroom | $106,352 | $698 | 7.88% |
3-Bedroom | $199,410 | $997 | 6.00% |
Beylikdüzü | |||
1-Bedroom | $66,436 | $478 | 8.63% |
2-Bedroom | $76,407 | $515 | 8.09% |
3-Bedroom | $126,260 | $665 | 6.32% |
4+Bedroom | $192,763 | $897 | 5.58% |
Küçükçekmece | |||
1-Bedroom | $71,455 | $432 | 7.25% |
2-Bedroom | $83,419 | $445 | 6.40% |
3-Bedroom | $124,631 | $598 | 5.76% |
Kağıthane | |||
1-Bedroom | $85,746 | $532 | 7.45% |
2-Bedroom | $103,028 | $565 | 6.58% |
3-Bedroom | $149,557 | $665 | 5.34% |
Istanbul avg. Rental Yields | 6.63% | ||
ANKARA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Çankaya | |||
1-Bedroom | $99,650 | $598 | 7.20% |
2-Bedroom | $104,632 | $598 | 6.86% |
3-Bedroom | $117,919 | $664 | 6.76% |
4+Bedroom | $239,160 | $1,063 | 5.33% |
Keçiören | |||
2-Bedroom | $52,814 | $353 | 8.02% |
3-Bedroom | $80,351 | $415 | 6.20% |
4+Bedroom | $131,620 | $664 | 6.05% |
Mamak | |||
2-Bedroom | $49,791 | $365 | 8.80% |
3-Bedroom | $68,094 | $415 | 7.31% |
4+Bedroom | $107,954 | $498 | 5.54% |
Etimesgut | |||
2-Bedroom | $73,076 | $406 | 6.67% |
3-Bedroom | $84,004 | $465 | 6.64% |
4+Bedroom | $171,896 | $781 | 5.45% |
Sincan | |||
2-Bedroom | $50,821 | $349 | 8.24% |
3-Bedroom | $63,111 | $399 | 7.59% |
Yenimahalle | |||
2-Bedroom | $87,193 | $515 | 7.09% |
3-Bedroom | $106,293 | $498 | 5.62% |
4+Bedroom | $172,709 | $814 | 5.66% |
Altındağ | |||
2-Bedroom | $45,141 | $302 | 8.03% |
3-Bedroom | $74,737 | $415 | 6.66% |
Ankara avg. Rental Yields | 6.79% | ||
ANTALYA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Kepez | |||
1-Bedroom | $61,485 | $399 | 7.79% |
2-Bedroom | $83,087 | $432 | 6.24% |
3-Bedroom | $106,352 | $499 | 5.63% |
Muratpaşa | |||
1-Bedroom | $85,746 | $465 | 6.51% |
2-Bedroom | $112,999 | $499 | 5.30% |
3-Bedroom | $154,509 | $665 | 5.16% |
Alanya | |||
1-Bedroom | $120,005 | $432 | 4.32% |
2-Bedroom | $167,505 | $499 | 3.57% |
3-Bedroom | $244,277 | $598 | 2.94% |
4+Bedroom | $300,361 | $897 | 3.58% |
Konyaaltı | |||
1-Bedroom | $112,832 | $465 | 4.95% |
2-Bedroom | $182,792 | $602 | 3.95% |
3-Bedroom | $224,336 | $773 | 4.13% |
4+Bedroom | $398,820 | $1,047 | 3.15% |
Antalya avg. Rental Yields | 4.80% | ||
IZMIR - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Karşıyaka | |||
1-Bedroom | $91,231 | $498 | 6.55% |
2-Bedroom | $99,525 | $539 | 6.50% |
3-Bedroom | $149,288 | $664 | 5.34% |
Konak | |||
1-Bedroom | $63,862 | $498 | 9.36% |
2-Bedroom | $82,938 | $581 | 8.41% |
3-Bedroom | $109,478 | $664 | 7.28% |
Karabağlar | |||
2-Bedroom | $72,985 | $415 | 6.82% |
3-Bedroom | $102,013 | $498 | 5.86% |
Buca | |||
1-Bedroom | $54,739 | $315 | 6.91% |
2-Bedroom | $76,302 | $406 | 6.39% |
3-Bedroom | $101,184 | $498 | 5.91% |
Bornova | |||
1-Bedroom | $101,184 | $481 | 5.70% |
2-Bedroom | $111,136 | $464 | 5.01% |
3-Bedroom | $116,113 | $531 | 5.49% |
Izmir avg. Rental Yields | 6.54% | ||
ADANA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Çukurova | |||
1-Bedroom | $53,176 | $332 | 7.49% |
2-Bedroom | $64,758 | $399 | 7.39% |
3-Bedroom | $90,565 | $554 | 7.34% |
4+Bedroom | $159,528 | $831 | 6.25% |
Seyhan | |||
1-Bedroom | $56,500 | $283 | 6.01% |
2-Bedroom | $66,470 | $432 | 7.80% |
3-Bedroom | $91,396 | $499 | 6.55% |
4+Bedroom | $164,513 | $711 | 5.19% |
Adana avg. Rental Yields | 6.75% | ||
KONYA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Konya (all locations) | |||
1-Bedroom | $46,030 | $332 | 8.66% |
2-Bedroom | $59,823 | $341 | 6.84% |
3-Bedroom | $86,411 | $432 | 6.00% |
4+Bedroom | $139,587 | $532 | 4.57% |
Konya avg. Rental Yields | 6.52% | ||
BURSA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Bursa (all locations) | |||
1-Bedroom | $45,748 | $299 | 7.84% |
2-Bedroom | $61,374 | $377 | 7.37% |
3-Bedroom | $97,866 | $498 | 6.11% |
4+Bedroom | $136,018 | $664 | 5.86% |
Bursa avg. Rental Yields | 6.79% | ||
KAYSERI - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Kayseri (all locations) | |||
2-Bedroom | $48,933 | $315 | 7.72% |
3-Bedroom | $62,203 | $299 | 5.77% |
4+Bedroom | $107,819 | $431 | 4.80% |
Kayseri avg. Rental Yields | 6.10% | ||
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 Emlakjet |
Turkey´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 Turkey. We utilized the local 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).