Gross rental yields in Germany: Berlin, Munich and 6 other cities
The average gross rental yield in Germany stands at 3.35% (Q3, 2026). Previously, in Q1 2026, the rental yield was 3.42%.
Cities and areas compared
- Berlin
- Munich
- Frankfurt
- Stuttgart
- Hamburg
- Leipzig
- Cologne
- Düsseldorf
Historical rental yields in Germany
| BERLIN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Charlottenburg-Wilmersdorf | |||
| Studio | €219,000 | €730 | 4.00% |
| 1-Bedroom | €349,000 | €1,060 | 3.64% |
| 2-Bedroom | €597,500 | €1,910 | 3.84% |
| 3-Bedroom | €864,500 | €2,360 | 3.28% |
| Pankow (district) | |||
| Studio | €225,000 | €600 | 3.20% |
| 1-Bedroom | €343,100 | €1,050 | 3.67% |
| 2-Bedroom | €559,000 | €1,600 | 3.43% |
| Mitte (district) | |||
| Studio | €209,000 | €680 | 3.90% |
| 1-Bedroom | €380,000 | €1,260 | 3.98% |
| 2-Bedroom | €674,500 | €1,950 | 3.47% |
| 3-Bedroom | €995,000 | €2,620 | 3.16% |
| Friedrichshain-Kreuzberg | |||
| Studio | €207,000 | €740 | 4.29% |
| 1-Bedroom | €349,000 | €1,100 | 3.78% |
| 2-Bedroom | €590,000 | €1,600 | 3.25% |
| 3-Bedroom | €829,000 | €1,970 | 2.85% |
| Tempelhof-Schöneberg | |||
| Studio | €215,000 | €640 | 3.57% |
| 1-Bedroom | €299,000 | €860 | 3.45% |
| 2-Bedroom | €449,000 | €1,160 | 3.10% |
| Treptow-Köpenick | |||
| Studio | €185,000 | €600 | 3.89% |
| 1-Bedroom | €275,000 | €920 | 4.01% |
| 2-Bedroom | €410,000 | €1,200 | 3.51% |
| Potsdam | |||
| 1-Bedroom | €285,000 | €950 | 4.00% |
| 2-Bedroom | €569,000 | €1,360 | 2.87% |
| Neukölln (district) | |||
| Studio | €167,500 | €550 | 3.94% |
| 1-Bedroom | €299,000 | €790 | 3.17% |
| 2-Bedroom | €464,500 | €1,000 | 2.58% |
| Berlin (all locations) | |||
| Studio | €200,000 | €840 | 5.04% |
| 1-Bedroom | €325,000 | €1,300 | 4.80% |
| 2-Bedroom | €506,600 | €1,750 | 4.15% |
| 3-Bedroom | €799,000 | €2,280 | 3.42% |
| 4+Bedroom | €1,190,000 | €2,890 | 2.91% |
| Berlin avg. Rental Yields | 4.06% | ||
| MUNICH - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| District of Munich | |||
| 1-Bedroom | €473,800 | €1,160 | 2.94% |
| 2-Bedroom | €599,000 | €1,670 | 3.35% |
| 3-Bedroom | €797,000 | €2,100 | 3.16% |
| Bogenhausen | |||
| 1-Bedroom | €542,000 | €1,430 | 3.17% |
| 2-Bedroom | €799,900 | €2,100 | 3.15% |
| District Fürstenfeldbruck | |||
| 1-Bedroom | €350,000 | €1,050 | 3.60% |
| 2-Bedroom | €470,000 | €1,360 | 3.47% |
| Munich (all locations) | |||
| Studio | €309,000 | €880 | 3.42% |
| 1-Bedroom | €550,000 | €1,450 | 3.16% |
| 2-Bedroom | €790,000 | €1,970 | 2.99% |
| 3-Bedroom | €1,250,000 | €2,490 | 2.39% |
| 4+Bedroom | €2,124,500 | €3,300 | 1.86% |
| Munich avg. Rental Yields | 2.77% | ||
| FRANKFURT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| District of Offenbach | |||
| 1-Bedroom | €235,000 | €800 | 4.09% |
| 2-Bedroom | €290,000 | €1,190 | 4.92% |
| 3-Bedroom | €443,000 | €1,400 | 3.79% |
| Main-Kinzig District | |||
| 2-Bedroom | €265,000 | €990 | 4.48% |
| 3-Bedroom | €314,000 | €1,080 | 4.13% |
| Main-Taunus-Kreis | |||
| 1-Bedroom | €285,000 | €850 | 3.58% |
| 2-Bedroom | €350,000 | €1,170 | 4.01% |
| 3-Bedroom | €637,800 | €1,580 | 2.97% |
| Hochtaunuskreis | |||
| 1-Bedroom | €296,000 | €800 | 3.24% |
| 2-Bedroom | €385,000 | €1,250 | 3.90% |
| 3-Bedroom | €549,000 | €1,800 | 3.93% |
| Offenbach am Main | |||
| 1-Bedroom | €265,000 | €750 | 3.40% |
| 2-Bedroom | €379,000 | €990 | 3.13% |
| Groß-Gerau district | |||
| 1-Bedroom | €216,500 | €780 | 4.32% |
| 2-Bedroom | €274,000 | €930 | 4.07% |
| Downtown II | |||
| 1-Bedroom | €550,000 | €1,450 | 3.16% |
| 2-Bedroom | €799,000 | €1,900 | 2.85% |
| Wetteraukreis | |||
| 1-Bedroom | €315,000 | €780 | 2.97% |
| 2-Bedroom | €485,000 | €990 | 2.45% |
| 3-Bedroom | €439,000 | €1,130 | 3.09% |
| Frankfurt (all locations) | |||
| Studio | €222,500 | €670 | 3.61% |
| 1-Bedroom | €385,000 | €1,100 | 3.43% |
| 2-Bedroom | €595,000 | €1,420 | 2.86% |
| 3-Bedroom | €849,500 | €2,000 | 2.83% |
| 4+Bedroom | €1,450,000 | €3,120 | 2.58% |
| Frankfurt am Main avg. Rental Yields | 3.06% | ||
| STUTTGART - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Stuttgart (all locations) | |||
| Studio | €165,000 | €600 | 4.36% |
| 1-Bedroom | €220,000 | €1,030 | 5.62% |
| 2-Bedroom | €350,000 | €1,330 | 4.56% |
| 3-Bedroom | €579,500 | €1,720 | 3.56% |
| 4+Bedroom | €719,000 | €2,000 | 3.34% |
| Stuttgart avg. Rental Yields | 4.29% | ||
| HAMBURG - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Wandsbek (district) | |||
| 1-Bedroom | €299,000 | €660 | 2.65% |
| 2-Bedroom | €449,000 | €900 | 2.41% |
| Hamburg-Nord | |||
| 1-Bedroom | €415,000 | €800 | 2.31% |
| 2-Bedroom | €695,000 | €1,130 | 1.95% |
| Eimsbüttel (district) | |||
| 1-Bedroom | €329,000 | €800 | 2.92% |
| 2-Bedroom | €589,000 | €1,000 | 2.04% |
| Pinneberg District | |||
| 1-Bedroom | €239,000 | €630 | 3.16% |
| 2-Bedroom | €309,000 | €940 | 3.65% |
| Altona | |||
| 1-Bedroom | €426,000 | €820 | 2.31% |
| 2-Bedroom | €665,000 | €1,130 | 2.04% |
| Hamburg (all locations) | |||
| Studio | €229,000 | €520 | 2.72% |
| 1-Bedroom | €385,000 | €730 | 2.28% |
| 2-Bedroom | €589,000 | €930 | 1.89% |
| 3-Bedroom | €895,000 | €1,330 | 1.78% |
| 4+Bedroom | €1,870,000 | €1,950 | 1.25% |
| Hamburg avg. Rental Yields | 1.99% | ||
| LEIPZIG - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €210,000 | €880 | 5.03% |
| 2-Bedroom | €360,000 | €1,260 | 4.20% |
| Leipzig (all locations) | |||
| Studio | €119,500 | €400 | 4.02% |
| 1-Bedroom | €163,000 | €660 | 4.86% |
| 2-Bedroom | €249,000 | €840 | 4.05% |
| 3-Bedroom | €449,000 | €1,320 | 3.53% |
| Leipzig avg. Rental Yields | 4.11% | ||
| COLOGNE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €359,000 | €1,100 | 3.68% |
| 2-Bedroom | €564,000 | €1,900 | 4.04% |
| Cologne (all locations) | |||
| Studio | €169,500 | €580 | 4.11% |
| 1-Bedroom | €319,000 | €860 | 3.24% |
| 2-Bedroom | €492,900 | €1,000 | 2.43% |
| 3-Bedroom | €682,500 | €1,480 | 2.60% |
| Cologne avg. Rental Yields | 3.09% | ||
| DÜSSELDORF - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €330,500 | €1,000 | 3.63% |
| 2-Bedroom | €685,000 | €1,400 | 2.45% |
| Düsseldorf (all locations) | |||
| Studio | €180,000 | €600 | 4.00% |
| 1-Bedroom | €296,700 | €930 | 3.76% |
| 2-Bedroom | €492,500 | €1,250 | 3.05% |
| 3-Bedroom | €789,000 | €1,950 | 2.97% |
| Düsseldorf avg. Rental Yields | 3.44% | ||
| 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 immobilienscout24.de |
|||
View the full rental yield 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 Germany, 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.
