Gross rental yields in the United States: New York and 14 other cities
The average gross rental yield in the United States stands at 6.71% (Q2 2026). Previously, in Q4 2025, the rental yield was 6.56%.
Cities compared
- New York
- Chicago
- Miami
- Los Angeles
- Las Vegas
- Orlando
- San Diego
- Washington
- Boston
- Houston
- Philadelphia
- Atlanta
- Seattle
- San Francisco
- Portland
Historical rental yields in the United States
| NEW YORK - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Manhattan | |||
| Studio | $675,000 | $4,350 | 7.73% |
| 1-Bedroom | $1,100,000 | $5,695 | 6.21% |
| 2-Bedroom | $2,190,000 | $8,180 | 4.48% |
| 3-Bedroom | $3,995,000 | $13,000 | 3.90% |
| 4+Bedroom | $9,000,000 | $27,250 | 3.63% |
| Queens | |||
| Studio | $545,000 | $3,345 | 7.37% |
| 1-Bedroom | $699,000 | $3,600 | 6.18% |
| 2-Bedroom | $880,000 | $4,500 | 6.14% |
| 3-Bedroom | $930,000 | $4,700 | 6.06% |
| Brooklyn | |||
| Studio | $550,000 | $3,650 | 7.96% |
| 1-Bedroom | $745,000 | $4,350 | 7.01% |
| 2-Bedroom | $1,050,000 | $5,730 | 6.55% |
| 3-Bedroom | $1,750,000 | $7,200 | 4.94% |
| Bronx | |||
| 1-Bedroom | $285,000 | $3,060 | 12.88% |
| 2-Bedroom | $465,000 | $3,400 | 8.77% |
| 3-Bedroom | $579,000 | $3,610 | 7.48% |
| New York (all locations) | |||
| Studio | $599,000 | $3,995 | 8.00% |
| 1-Bedroom | $875,000 | $4,745 | 6.51% |
| 2-Bedroom | $1,300,000 | $5,995 | 5.53% |
| 3-Bedroom | $2,600,000 | $6,950 | 3.21% |
| 4+Bedroom | $6,350,000 | $9,950 | 1.88% |
| New York avg. Rental Yields | 5.03% | ||
| CHICAGO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Streeterville | |||
| 1-Bedroom | $300,000 | $2,640 | 10.56% |
| 2-Bedroom | $682,000 | $4,500 | 7.92% |
| Lake View | |||
| 1-Bedroom | $259,900 | $2,200 | 10.16% |
| 2-Bedroom | $490,000 | $3,200 | 7.84% |
| 3-Bedroom | $875,000 | $4,000 | 5.49% |
| Chicago (all locations) | |||
| Studio | $180,000 | $1,960 | 13.07% |
| 1-Bedroom | $279,000 | $2,400 | 10.32% |
| 2-Bedroom | $425,000 | $3,200 | 9.04% |
| 3-Bedroom | $725,000 | $3,595 | 5.95% |
| 4+Bedroom | $1,300,000 | $4,975 | 4.59% |
| Chicago avg. Rental Yields | 8.59% | ||
| MIAMI - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Miami Beach | |||
| Studio | $307,500 | $2,100 | 8.20% |
| 1-Bedroom | $385,000 | $2,700 | 8.42% |
| 2-Bedroom | $789,000 | $4,950 | 7.53% |
| 3-Bedroom | $2,900,000 | $12,000 | 4.97% |
| 4+Bedroom | $6,000,000 | $36,000 | 7.20% |
| Brickell | |||
| Studio | $489,000 | $2,700 | 6.63% |
| 1-Bedroom | $549,000 | $3,300 | 7.21% |
| 2-Bedroom | $799,000 | $4,500 | 6.76% |
| 3-Bedroom | $1,590,000 | $8,000 | 6.04% |
| Miami (all locations) | |||
| Studio | $440,000 | $2,500 | 6.82% |
| 1-Bedroom | $450,000 | $2,900 | 7.73% |
| 2-Bedroom | $499,000 | $3,450 | 8.30% |
| 3-Bedroom | $560,000 | $3,600 | 7.71% |
| 4+Bedroom | $2,975,000 | $9,000 | 3.63% |
| Miami avg. Rental Yields | 6.84% | ||
| LOS ANGELES - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Downtown | |||
| Studio | $399,000 | $2,170 | 6.53% |
| 1-Bedroom | $555,000 | $2,590 | 5.60% |
| 2-Bedroom | $819,900 | $3,430 | 5.02% |
| Los Angeles (all locations) | |||
| Studio | $460,000 | $1,800 | 4.70% |
| 1-Bedroom | $525,000 | $2,290 | 5.23% |
| 2-Bedroom | $749,000 | $3,070 | 4.92% |
| 3-Bedroom | $999,000 | $3,960 | 4.76% |
| 4+Bedroom | $1,620,000 | $4,490 | 3.33% |
| Los Angeles avg. Rental Yields | 4.59% | ||
| LAS VEGAS - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Las Vegas (all locations) | |||
| 1-Bedroom | $200,000 | $1,270 | 7.62% |
| 2-Bedroom | $299,900 | $1,500 | 6.00% |
| 3-Bedroom | $445,000 | $1,930 | 5.20% |
| Las Vegas avg. Rental Yields | 6.28% | ||
| ORLANDO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Orlando (all locations) | |||
| 1-Bedroom | $155,000 | $1,450 | 11.23% |
| 2-Bedroom | $216,900 | $1,750 | 9.68% |
| 3-Bedroom | $385,000 | $2,300 | 7.17% |
| 4+Bedroom | $610,000 | $2,750 | 5.41% |
| Orlando avg. Rental Yields | 8.37% | ||
| SAN DIEGO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| San Diego (all locations) | |||
| Studio | $387,000 | $2,160 | 6.70% |
| 1-Bedroom | $450,000 | $2,500 | 6.67% |
| 2-Bedroom | $725,000 | $3,310 | 5.48% |
| 3-Bedroom | $1,098,000 | $4,200 | 4.59% |
| 4+Bedroom | $1,599,000 | $4,590 | 3.44% |
| San Diego avg. Rental Yields | 5.38% | ||
| WASHINGTON - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Columbia Heights | |||
| 1-Bedroom | $348,000 | $1,940 | 6.69% |
| 2-Bedroom | $575,000 | $2,800 | 5.84% |
| 3-Bedroom | $825,000 | $3,800 | 5.53% |
| 4+Bedroom | $849,900 | $5,400 | 7.62% |
| Washington (all locations) | |||
| Studio | $235,000 | $1,840 | 9.40% |
| 1-Bedroom | $350,000 | $2,070 | 7.10% |
| 2-Bedroom | $550,000 | $2,990 | 6.52% |
| 3-Bedroom | $624,000 | $3,870 | 7.44% |
| 4+Bedroom | $995,000 | $5,400 | 6.51% |
| Washington avg. Rental Yields | 7.39% | ||
| BOSTON - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Boston (all locations) | |||
| Studio | $464,900 | $2,500 | 6.45% |
| 1-Bedroom | $650,000 | $2,950 | 5.45% |
| 2-Bedroom | $895,000 | $3,500 | 4.69% |
| 3-Bedroom | $1,050,000 | $4,000 | 4.57% |
| 4+Bedroom | $1,275,000 | $4,900 | 4.61% |
| Boston avg. Rental Yields | 5.16% | ||
| HOUSTON - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Houston (all locations) | |||
| 1-Bedroom | $125,000 | $1,210 | 11.62% |
| 2-Bedroom | $199,500 | $1,510 | 9.08% |
| 3-Bedroom | $329,000 | $2,000 | 7.29% |
| 4+Bedroom | $410,000 | $2,400 | 7.02% |
| Houston avg. Rental Yields | 8.75% | ||
| PHILADELPHIA - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Philadelphia (all locations) | |||
| Studio | $145,000 | $1,350 | 11.17% |
| 1-Bedroom | $279,000 | $1,660 | 7.14% |
| 2-Bedroom | $275,000 | $1,850 | 8.07% |
| 3-Bedroom | $249,900 | $2,100 | 10.08% |
| 4+Bedroom | $379,900 | $2,500 | 7.90% |
| Philadelphia avg. Rental Yields | 8.87% | ||
| ATLANTA - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Atlanta (all locations) | |||
| 1-Bedroom | $243,000 | $1,680 | 8.30% |
| 2-Bedroom | $330,000 | $1,980 | 7.20% |
| 3-Bedroom | $359,000 | $2,520 | 8.42% |
| 4+Bedroom | $619,000 | $3,330 | 6.46% |
| Atlanta avg. Rental Yields | 7.59% | ||
| SEATTLE - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Seattle (all locations) | |||
| Studio | $295,000 | $1,400 | 5.69% |
| 1-Bedroom | $400,000 | $1,800 | 5.40% |
| 2-Bedroom | $645,000 | $2,600 | 4.84% |
| 3-Bedroom | $850,000 | $3,400 | 4.80% |
| 4+Bedroom | $1,249,000 | $3,480 | 3.34% |
| Seattle avg. Rental Yields | 4.82% | ||
| SAN FRANCISCO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| San Francisco (all locations) | |||
| Studio | $499,000 | $2,700 | 6.49% |
| 1-Bedroom | $675,000 | $4,200 | 7.47% |
| 2-Bedroom | $1,150,000 | $6,200 | 6.47% |
| 3-Bedroom | $1,495,000 | $8,480 | 6.81% |
| 4+Bedroom | $1,950,000 | $9,000 | 5.54% |
| San Francisco avg. Rental Yields | 6.55% | ||
| PORTLAND - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Portland (all locations) | |||
| Studio | $177,000 | $1,290 | 8.75% |
| 1-Bedroom | $274,900 | $1,500 | 6.55% |
| 2-Bedroom | $389,900 | $1,750 | 5.39% |
| 3-Bedroom | $525,000 | $2,200 | 5.03% |
| Portland avg. Rental Yields | 6.43% | ||
| 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 Realtor |
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View the full rental yields dataset (2022 - 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 the United States, 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.
