Gross rental yields in Panama: Panama City, Oeste, and Coclé
The average gross rental yield in Panama stands at 7.40% (Q4, 2026). Previously, in Q2 2026, the average rental yield was 6.94%.
Cities compared
- Panama City
- Panama Oeste
- Coclé
Historical rental yields in Panama
| PANAMA CITY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| East Coast | |||
| Studio & 1-Bedroom | $310,000 | $2,200 | 8.52% |
| 2-Bedroom | $370,000 | $2,100 | 6.81% |
| 3-Bedroom | $515,000 | $2,900 | 6.76% |
| 4+Bedroom | $1,200,000 | $4,900 | 4.90% |
| San Francisco | |||
| Studio & 1-Bedroom | $209,000 | $1,250 | 7.18% |
| 2-Bedroom | $215,000 | $1,400 | 7.81% |
| 3-Bedroom | $329,000 | $2,200 | 8.02% |
| 4+Bedroom | $550,000 | $3,300 | 7.20% |
| Pacific Point | |||
| Studio & 1-Bedroom | $310,000 | $1,850 | 7.16% |
| 2-Bedroom | $460,000 | $2,750 | 7.17% |
| 3-Bedroom | $695,000 | $4,700 | 8.12% |
| 4+Bedroom | $1,100,000 | $6,500 | 7.09% |
| Balboa Avenue | |||
| Studio & 1-Bedroom | $255,000 | $1,590 | 7.48% |
| 2-Bedroom | $345,000 | $2,300 | 8.00% |
| 3-Bedroom | $500,000 | $2,700 | 6.48% |
| 4+Bedroom | $962,500 | $3,950 | 4.92% |
| Santa Maria | |||
| 2-Bedroom | $495,500 | $2,300 | 5.57% |
| 3-Bedroom | $760,000 | $4,500 | 7.11% |
| Bella Vista | |||
| Studio & 1-Bedroom | $185,000 | $1,200 | 7.78% |
| 2-Bedroom | $285,000 | $1,650 | 6.95% |
| 3-Bedroom | $410,000 | $2,050 | 6.00% |
| El Cangrejo | |||
| Studio & 1-Bedroom | $189,000 | $1,500 | 9.52% |
| 2-Bedroom | $223,100 | $1,450 | 7.80% |
| 3-Bedroom | $310,000 | $1,800 | 6.97% |
| Coco del Mar | |||
| Studio & 1-Bedroom | $230,000 | $1,550 | 8.09% |
| 2-Bedroom | $320,000 | $2,100 | 7.88% |
| 3-Bedroom | $448,700 | $2,900 | 7.76% |
| Panama City (all locations) | |||
| Studio & 1-Bedroom | $237,900 | $1,600 | 8.07% |
| 2-Bedroom | $245,000 | $1,600 | 7.84% |
| 3-Bedroom | $410,000 | $2,600 | 7.61% |
| 4+Bedroom | $1,012,000 | $6,000 | 7.11% |
| Panama City avg. Rental Yields | 7.66% | ||
| PANAMA OESTE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Panama Oeste (all locations) | |||
| Studio & 1-Bedroom | $170,000 | $1,100 | 7.76% |
| 2-Bedroom | $242,500 | $1,300 | 6.43% |
| 3-Bedroom | $344,500 | $2,000 | 6.97% |
| Panamá Oeste avg. Rental Yields | 7.05% | ||
| COCLÉ - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Coclé (all locations) | |||
| 2-Bedroom | $220,000 | $1,500 | 8.18% |
| 3-Bedroom | $425,000 | $2,400 | 6.78% |
| Coclé avg. Rental Yields | 7.48% | ||
| 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 Compreoalquile.com |
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View the full rental yield dataset (2023 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Panama, 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.
