Gross rental yields in Puerto Rico: San Juan and 4 other cities

The average gross rental yield in Puerto Rico stands at 8.42% (Q1, 2024).

  • San Juan
  • Ponce
  • Caguas
  • Mayagüez
  • Fajardo
  Last Updated: Feb. 20, 2024
SAN JUAN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Condado-Miramar  
1-Bedroom $374,000 $2,125 6.82%
2-Bedroom $640,000 $3,100 5.81%
3-Bedroom $1,197,500 $5,000 5.01%
4+Bedroom $1,900,000 $7,750 4.89%
Río Piedras  
1-Bedroom $97,500 $675 8.31%
2-Bedroom $120,000 $876 8.76%
3-Bedroom $152,050 $1,300 10.26%
4+Bedroom $375,000 $1,445 4.62%
San Juan (all locations)  
1-Bedroom $270,000 $950 4.22%
2-Bedroom $397,500 $1,925 5.81%
3-Bedroom $392,500 $2,100 6.42%
4+Bedroom $459,000 $2,500 6.54%
San Juan avg. Rental Yields 5.75%
PONCE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Ponce (all locations)  
2-Bedroom $89,900 $838 11.19%
3-Bedroom $134,500 $1,300 11.60%
Ponce avg. Rental Yields 11.39%
CAGUAS - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Caguas (all locations)  
2-Bedroom $95,000 $650 8.21%
3-Bedroom $164,900 $1,100 8.00%
Caguas avg. Rental Yields 8.11%
MAYAGÜEZ - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Mayagüez (all locations)  
2-Bedroom $104,000 $663 7.65%
3-Bedroom $125,000 $925 8.88%
4+Bedroom $185,000 $938 6.08%
Mayagüez avg. Rental Yields 7.54%
FAJARDO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Fajardo (all locations)  
1-Bedroom $240,000 $623 3.12%
2-Bedroom $258,500 $975 4.53%
Fajardo avg. Rental Yields 3.82%
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 Point2 Homes

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in San Juan - Puerto Rico. We used the local real estate listing 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).