Gross rental yields in Thailand: Bangkok and 7 other cities
The average gross rental yield in Thailand stands at 5.79% (Q4, 2023). Previously in Q2 of 2023, it stood at 6.07%.
- Bangkok
- Pattaya
- Phuket
- Nonthaburi
- Samut Prakan
- Sattahip
- Hua Hin
- Chiang Mai
| Last Updated: December 9, 2023 | |||
| BANGKOK - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Watthana | |||
| Studio | $113,675 | $540 | 5.70% |
| 1-Bedroom | $198,931 | $853 | 5.15% |
| 2-Bedroom | $417,756 | $1,648 | 4.73% |
| 3-Bedroom | $736,046 | $2,416 | 3.94% |
| 4+Bedroom | $1,420,939 | $3,694 | 3.12% |
| Khlong Toei | |||
| Studio | $124,901 | $540 | 5.19% |
| 1-Bedroom | $184,772 | $767 | 4.98% |
| 2-Bedroom | $378,538 | $1,421 | 4.50% |
| 3-Bedroom | $852,563 | $2,501 | 3.52% |
| 4+Bedroom | $1,563,033 | $4,831 | 3.71% |
| Huai Khwang | |||
| Studio | $53,711 | $426 | 9.52% |
| 1-Bedroom | $102,023 | $512 | 6.02% |
| 2-Bedroom | $196,090 | $909 | 5.56% |
| 3-Bedroom | $397,863 | $1,563 | 4.71% |
| 4+Bedroom | $852,563 | $3,979 | 5.60% |
| Pathum Wan | |||
| Studio | $281,061 | $682 | 2.91% |
| 1-Bedroom | $309,765 | $1,080 | 4.18% |
| 2-Bedroom | $767,307 | $2,274 | 3.56% |
| 3-Bedroom | $1,711,095 | $4,263 | 2.99% |
| 4+Bedroom | $2,785,040 | $6,963 | 3.00% |
| Chatuchak | |||
| Studio | $76,728 | $369 | 5.77% |
| 1-Bedroom | $93,782 | $455 | 5.82% |
| 2-Bedroom | $168,239 | $853 | 6.08% |
| 3-Bedroom | $410,651 | $1,648 | 4.82% |
| Sathon | |||
| Studio | $65,079 | $455 | 8.39% |
| 1-Bedroom | $181,880 | $739 | 4.88% |
| 2-Bedroom | $409,230 | $1,393 | 4.08% |
| 3-Bedroom | $909,401 | $3,126 | 4.12% |
| 4+Bedroom | $2,699,784 | $7,389 | 3.28% |
| Phra Khanong | |||
| Studio | $48,028 | $242 | 6.05% |
| 1-Bedroom | $92,361 | $483 | 6.28% |
| 2-Bedroom | $191,543 | $881 | 5.52% |
| 3-Bedroom | $315,448 | $1,421 | 5.41% |
| Ratchathewi | |||
| Studio | $123,139 | $513 | 5.00% |
| 1-Bedroom | $183,301 | $654 | 4.28% |
| 2-Bedroom | $309,765 | $1,023 | 3.96% |
| 3-Bedroom | $707,628 | $2,558 | 4.34% |
| Bangkok avg. Rental Yields | 4.88% | ||
| PATTAYA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Jomtien | |||
| Studio | $67,767 | $567 | 10.04% |
| 1-Bedroom | $101,792 | $709 | 8.36% |
| 2-Bedroom | $262,136 | $1,333 | 6.10% |
| 3-Bedroom | $708,858 | $1,914 | 3.24% |
| Na Kluea | |||
| 1-Bedroom | $167,483 | $851 | 6.10% |
| 2-Bedroom | $249,518 | $992 | 4.77% |
| Wongamat | |||
| Studio | $113,133 | $482 | 5.11% |
| 1-Bedroom | $168,708 | $851 | 6.05% |
| 2-Bedroom | $382,783 | $1,630 | 5.11% |
| 3-Bedroom | $779,744 | $3,686 | 5.67% |
| Bang Lamung | |||
| Studio | $79,250 | $425 | 6.44% |
| 1-Bedroom | $87,898 | $709 | 9.68% |
| 2-Bedroom | $226,551 | $1,276 | 6.76% |
| 3-Bedroom | $567,086 | $1,701 | 3.60% |
| 4+Bedroom | $806,680 | $4,536 | 6.75% |
| Pattaya avg. Rental Yields | 6.25% | ||
| PHUKET - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| All locations | |||
| Studio | $109,570 | $511 | 5.60% |
| 1-Bedroom | $113,417 | $567 | 6.00% |
| 2-Bedroom | $290,206 | $1,560 | 6.45% |
| 3-Bedroom | $623,795 | $2,835 | 5.45% |
| Phuket avg. Rental Yields | 5.87% | ||
| NONTHABURI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Bang Kraso | |||
| 1-Bedroom | $48,769 | $298 | 7.33% |
| 2-Bedroom | $85,063 | $468 | 6.60% |
| Bang Khen | |||
| Studio | $39,413 | $198 | 6.03% |
| 1-Bedroom | $47,919 | $227 | 5.68% |
| 2-Bedroom | $85,063 | $525 | 7.41% |
| Nonthaburi (all locations) | |||
| Studio | $39,413 | $184 | 5.60% |
| 1-Bedroom | $46,784 | $227 | 5.82% |
| 2-Bedroom | $93,569 | $454 | 5.82% |
| 3-Bedroom | $218,045 | $1,077 | 5.93% |
| Nonthaburi avg. Rental Yields | 6.25% | ||
| SAMUT PRAKAN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Pak Nam | |||
| 1-Bedroom | $52,739 | $281 | 6.39% |
| 2-Bedroom | $96,405 | $450 | 5.60% |
| Samrong/Thepharak | |||
| Studio | $39,089 | $211 | 6.48% |
| 1-Bedroom | $43,588 | $267 | 7.35% |
| 2-Bedroom | $92,801 | $450 | 5.82% |
| 3-Bedroom | $521,653 | $1,336 | 3.07% |
| Samut Prakan avg. Rental Yields | 5.79% | ||
| SATTAHIP - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Sattahip (all locations) | |||
| 1-Bedroom | $119,088 | $737 | 7.43% |
| 2-Bedroom | $262,277 | $1,276 | 5.84% |
| 3-Bedroom | $567,086 | $1,843 | 3.90% |
| Sattahip avg. Rental Yields | 5.72% | ||
| HUA HIN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Hua Hin (all locations) | |||
| 1-Bedroom | $109,731 | $510 | 5.58% |
| 2-Bedroom | $226,835 | $992 | 5.25% |
| 3-Bedroom | $482,023 | $1,985 | 4.94% |
| Hua Hin avg. Rental Yields | 5.26% | ||
| CHIANG MAI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Fa Ham | |||
| 1-Bedroom | $68,050 | $312 | 5.50% |
| 2-Bedroom | $127,594 | $681 | 6.40% |
| Chiang Mai (all locations) | |||
| Studio | $46,785 | $284 | 7.28% |
| 1-Bedroom | $65,059 | $340 | 6.27% |
| 2-Bedroom | $136,101 | $695 | 6.13% |
| Chiang Mai avg. Rental Yields | 6.32% | ||
| 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 DDProperty |
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Thailand´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 Thailand. We used the local real estate 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).