Gross rental yields in Monaco

  Last Updated: Aug. 30, 2023
MONACO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Monaco (all locations)  
Studio €1,780,000 €3,575 2.41%
1-Bedroom €3,090,000 €5,800 2.25%
2-Bedroom €5,800,000 €9,000 1.86%
3-Bedroom €9,950,000 €25,000 3.02%
4+Bedroom €28,000,000 €120,000 5.14%
Monaco avg. Rental Yields 2.94%
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 Montecarlo Real Estate

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in Monaco. We used the local 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).