Rental returns in France are disappointing

Last Updated: Sept. 19, 2022
PARIS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Paris 15ème
Studio €252,000 €990 4.71%
1-Bedroom €485,000 €1,486 3.68%
2-Bedroom €786,000 €2,170 3.31%
3-Bedroom €1,165,000 €2,795 2.88%
4+Bedroom €1,953,000 €3,377 2.07%
Paris 18ème
Studio €204,000 €950 5.59%
1-Bedroom €389,000 €1,270 3.92%
2-Bedroom €615,000 €2,095 4.09%
3-Bedroom €975,000 €3,200 3.94%
Paris 16ème
Studio €190,000 €1,050 6.63%
1-Bedroom €618,000 €1,850 3.59%
2-Bedroom €1,050,000 €2,836 3.24%
3-Bedroom €1,670,000 €4,100 2.95%
4+Bedroom €2,900,000 €9,000 3.72%
Paris 17ème
Studio €200,000 €970 5.82%
1-Bedroom €462,000 €1,575 4.09%
2-Bedroom €775,000 €2,500 3.87%
3-Bedroom €1,394,000 €3,825 3.29%
4+Bedroom €2,200,000 €4,980 2.72%
Paris 20ème
Studio €230,000 €900 4.70%
1-Bedroom €426,000 €1,275 3.59%
2-Bedroom €599,000 €1,830 3.67%
3-Bedroom €820,000 €2,206 3.23%
Paris 19ème
Studio €235,000 €957 4.89%
1-Bedroom €385,000 €1,222 3.81%
2-Bedroom €570,000 €1,837 3.87%
3-Bedroom €717,500 €2,279 3.81%
Paris 11ème
Studio €237,000 €1,125 5.70%
1-Bedroom €460,000 €1,550 4.04%
2-Bedroom €760,000 €2,435 3.84%
3-Bedroom €1,080,000 €3,500 3.89%
Paris 13ème
Studio €250,000 €990 4.75%
1-Bedroom €415,000 €1,310 3.79%
2-Bedroom €628,000 €2,020 3.86%
3-Bedroom €899,000 €2,679 3.58%
Paris avg. Rental Yields 3.97%
MARSEILLE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Marseille 8ème
Studio €142,000 €609 5.15%
1-Bedroom €327,900 €820 3.00%
2-Bedroom €449,000 €1,200 3.21%
3-Bedroom €695,800 €1,619 2.79%
4+Bedroom €810,000 €1,580 2.34%
Marseille 9ème
Studio €149,000 €520 4.19%
1-Bedroom €235,000 €781 3.99%
2-Bedroom €265,000 €962 4.36%
3-Bedroom €374,000 €1,300 4.17%
4+Bedroom €470,000 €1,280 3.27%
Marseille 10ème
Studio €101,000 €525 6.24%
1-Bedroom €164,900 €690 5.02%
2-Bedroom €194,000 €898 5.55%
3-Bedroom €239,000 €940 4.72%
Marseille 6ème
Studio €122,000 €580 5.70%
1-Bedroom €215,000 €800 4.47%
2-Bedroom €330,000 €990 3.60%
3-Bedroom €460,000 €1,050 2.74%
Marseille avg. Rental Yields 4.14%
NICE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €173,500 €680 4.70%
1-Bedroom €245,000 €945 4.63%
2-Bedroom €575,000 €1,065 2.22%
Nice (all locations)
Studio €149,000 €645 5.19%
1-Bedroom €242,000 €850 4.21%
2-Bedroom €361,200 €1,190 3.95%
3-Bedroom €524,000 €1,600 3.66%
4+Bedroom €799,000 €1,700 2.55%
Nice avg. Rental Yields 3.11%
LYON - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Lyon (all locations)
Studio €159,000 €660 4.98%
1-Bedroom €265,000 €900 4.08%
2-Bedroom €385,000 €1,240 3.86%
3-Bedroom €550,000 €1,715 3.74%
4+Bedroom €765,000 €2,247 3.52%
Lyon avg. Rental Yields 4.04%
TOULOUSE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €129,000 €572 5.32%
1-Bedroom €227,000 €840 4.44%
2-Bedroom €430,000 €1,100 3.07%
3-Bedroom €565,000 €1,742 3.70%
4+Bedroom €825,000 €2,359 3.43%
Toulouse (all locations)
Studio €112,000 €500 5.36%
1-Bedroom €178,000 €637 4.29%
2-Bedroom €250,000 €742 3.56%
3-Bedroom €376,000 €1,076 3.43%
4+Bedroom €594,000 €1,085 2.19%
Toulouse avg. Rental Yields 3.88%
BORDEAUX - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €159,000 €680 5.13%
1-Bedroom €221,672 €900 4.87%
2-Bedroom €299,000 €956 3.84%
Bordeaux (all locations)
Studio €148,000 €550 4.46%
1-Bedroom €243,800 €830 4.09%
2-Bedroom €350,000 €1,026 3.52%
3-Bedroom €464,000 €1,390 3.59%
4+Bedroom €713,000 €1,439 2.42%
Bordeaux avg. Rental Yields 3.99%
MONTPELLIER - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Montpellier (all locations)
Studio €109,000 €520 4.72%
1-Bedroom €199,000 €705 4.25%
2-Bedroom €305,000 €908 3.57%
3-Bedroom €416,285 €1,200 3.46%
4+Bedroom €699,000 €1,400 2.40%
Montpellier avg. Rental Yields 3.88%
NANTES - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €86,400 €370 5.14%
1-Bedroom €209,300 €770 4.41%
2-Bedroom €300,000 €802 3.21%
3-Bedroom €445,000 €1,353 3.65%
Nantes (all locations)
Studio €125,850 €500 4.77%
1-Bedroom €208,500 €750 4.32%
2-Bedroom €300,000 €900 3.60%
3-Bedroom €436,000 €1,400 3.85%
4+Bedroom €679,250 €1,740 3.07%
Nantes avg. Rental Yields 4.00%
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 Definitions: Data FAQ See also: Update Schedule

Get updated rental yields data for 75 countries

Demand outstrips supply in Paris, the main reason that rents are not higher being that French rental contracts are often long-term and there are legal restrictions on raising rents during the contract.

However gross rental yields from apartments in Paris are poor, at around 4.70% to 6.63% for small apartments and 2.07% to 3.94% for big apartments (however it is fair to say that our Paris yields results arguably may not reflect yields in less desirable locations, which are likely to be higher, because our sample focuses on Paris´ high-end city centre).

The yields aren´t much better in other cities as well. With Marseille having an average rental yield of 4.14%, Nice having average of 3.11%, Lyon´s average is 4.04%, Toulouse having 3.88% and Bordeaux with an average of 3.99%.

Round trip transaction costs are high on residential property in France. See our French residential property transaction costs analysis and our Transaction costs in France compared to other countries.