Yields in Warsaw and Krakow are good, at around 6%

Last Updated: Sept. 22, 2022
WARSAW - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Białołęka
Studio €78,383 €434 6.61%
1-Bedroom €100,378 €544 6.50%
2-Bedroom €125,472 €732 7.00%
Mokotow
Studio €119,889 €523 5.23%
1-Bedroom €138,910 €774 6.69%
2-Bedroom €199,316 €1,234 7.43%
3-Bedroom €297,170 €2,509 10.13%
4+Bedroom €583,166 €3,555 7.32%
Praga Południe
Studio €104,560 €523 6.00%
1-Bedroom €125,868 €669 6.38%
2-Bedroom €165,205 €836 6.07%
3-Bedroom €214,688 €1,771 9.90%
4+Bedroom €295,173 €2,196 8.93%
Wola
Studio €106,651 €596 6.71%
1-Bedroom €150,566 €779 6.21%
2-Bedroom €198,664 €1,171 7.07%
3-Bedroom €312,342 €1,987 7.63%
4+Bedroom €498,542 €2,509 6.04%
Bemowo
Studio €98,286 €559 6.82%
1-Bedroom €125,618 €627 5.99%
2-Bedroom €161,484 €789 5.85%
3-Bedroom €204,797 €993 5.81%
Downtown
Studio €125,263 €617 5.91%
1-Bedroom €166,669 €941 6.78%
2-Bedroom €292,768 €1,673 6.86%
3-Bedroom €498,751 €2,300 5.53%
4+Bedroom €773,744 €3,375 5.23%
Ursynow
Studio €85,164 €512 7.21%
1-Bedroom €125,472 €669 6.40%
2-Bedroom €172,524 €836 5.81%
3-Bedroom €232,541 €1,255 6.48%
4+Bedroom €365,751 €1,830 6.00%
Bielany
Studio €82,602 €502 7.29%
1-Bedroom €103,514 €612 7.09%
2-Bedroom €152,658 €826 6.49%
3-Bedroom €225,327 €821 4.37%
Warsaw avg. Rental Yields 6.66%
WROCLAW - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Krzyki
Studio €70,149 €526 9.00%
1-Bedroom €96,321 €673 8.38%
2-Bedroom €126,436 €820 7.78%
3-Bedroom €167,237 €1,262 9.06%
4+Bedroom €213,358 €2,524 14.20%
Fabryczna
Studio €71,295 €526 8.85%
1-Bedroom €99,233 €631 7.63%
2-Bedroom €124,897 €747 7.18%
3-Bedroom €157,163 €999 7.63%
Old Town
Studio €105,321 €568 6.47%
1-Bedroom €132,882 €736 6.65%
2-Bedroom €160,468 €1,073 8.02%
Downtown
Studio €102,050 €526 6.19%
1-Bedroom €121,769 €668 6.58%
2-Bedroom €157,731 €946 7.20%
3-Bedroom €210,308 €1,157 6.60%
Wroclaw avg. Rental Yields 7.96%
KRAKÓW - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Podgórze
Studio €94,113 €505 6.44%
1-Bedroom €117,562 €631 6.44%
2-Bedroom €147,303 €757 6.17%
3-Bedroom €197,690 €967 5.87%
Krowodrza
Studio €90,251 €463 6.16%
1-Bedroom €125,975 €652 6.21%
2-Bedroom €185,071 €810 5.25%
3-Bedroom €247,588 €1,262 6.12%
Debniki
Studio €80,758 €421 6.26%
1-Bedroom €114,618 €584 6.11%
2-Bedroom €149,109 €778 6.26%
3-Bedroom €187,174 €1,356 8.69%
Grzegórzki
Studio €107,257 €526 5.88%
1-Bedroom €132,915 €705 6.36%
2-Bedroom €189,278 €841 5.33%
Old Town
Studio €114,093 €526 5.53%
1-Bedroom €181,938 €694 4.58%
2-Bedroom €272,349 €1,052 4.64%
3-Bedroom €359,627 €1,743 5.82%
4+Bedroom €529,968 €2,208 5.00%
Kraków avg. Rental Yields 5.96%
GDAŃSK - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €137,078 €523 4.58%
1-Bedroom €165,062 €669 4.86%
2-Bedroom €216,657 €1,046 7.59%
3-Bedroom €269,765 €1,359 6.05%
Gdańsk (all locations)
Studio €100,620 €526 6.27%
1-Bedroom €105,244 €631 7.19%
2-Bedroom €142,168 €820 6.92%
3-Bedroom €182,017 €1,262 8.32%
4+Bedroom €297,586 €1,130 4.56%
Gdańsk avg. Rental Yields 6.06%
ŁÓDŽ - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center
Studio €61,578 €379 7.39%
1-Bedroom €83,865 €484 6.93%
2-Bedroom €119,771 €799 8.01%
3-Bedroom €121,117 €1,052 10.42%
Łódź (all locations)
Studio €57,835 €337 6.99%
1-Bedroom €71,505 €463 7.77%
2-Bedroom €95,690 €589 7.39%
3-Bedroom €125,554 €988 9.44%
Łódź avg. Rental Yields 8.04%
LUBLIN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Lublin (all locations)
Studio €68,350 €379 6.65%
1-Bedroom €78,866 €505 7.68%
2-Bedroom €101,789 €605 7.13%
3-Bedroom €116,208 €589 6.08%
4+Bedroom €144,759 €883 7.32%
Lublin avg. Rental Yields 6.97%
POZNAŃ - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Poznań (all locations)
Studio €77,771 €379 5.85%
1-Bedroom €96,276 €527 6.57%
2-Bedroom €126,457 €653 6.20%
3-Bedroom €147,797 €759 6.16%
4+Bedroom €187,052 €885 5.68%
Poznań avg. Rental Yields 6.09%
BYDGOSZCZ - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Bydgoszcz (all locations)
Studio €48,475 €295 7.30%
1-Bedroom €67,233 €422 7.53%
2-Bedroom €86,903 €527 7.28%
3-Bedroom €114,862 €727 7.60%
4+Bedroom €136,890 €785 6.88%
Bydgoszcz avg. Rental Yields 7.32%
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 Definitions: Data FAQ See also: Update Schedule

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Gross rental yields, i.e., the gross return on investment in an apartment if fully rented out, in the centre of Warsaw, is 5.23% to 6.86%for apartments. A two-bedroom apartment costs around EUR 1,673 per month to rent. Overall, Warsaw rental yields are between 4.37% to 10.13% with an average of 6.66%. These are considered good yields.

Surprisingly, the same is true of Krakow. Apartments here are broadly similar in price to the less central areas of Warsaw. They return rents of around EUR 11 - EUR 12 per sq.m. per month. A two-bedroom apartment in Krakow will cost you around EUR 147,303 to EUR 272,349 and rent for around EUR 757 to EUR 272,349, producing a yield between 4.64% to 6.26%. The average rental yield for Krakow is 5.96% with ranges between 4.64% to 8.69%.

Good rental yields continue in other cities as well. Wroclaw has yields between 6.19% to 14.20%, Poznań yields can earn from 5.68% to 6.57%, Bydgoszcz rental yields are between 6.88% to 7.60%, in Gdańsk you can expect yields between 5.46% to 8.32%, Łódź has yields between 6.93% to 10.42%, and in Lublin the yields are between 6.08% to 7.68%.

The big downside is that round-trip transaction costs are high in Poland. See our Poland transaction costs analysis and our Transaction costs in Poland compared to other countries.