Turkey rental yields are moderate to good

November 21, 2022

Last Updated: Oct. 01, 2022
ISTANBUL - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kadıköy
Studio $67,602 $489 8.69%
1-Bedroom $148,724 $622 5.02%
2-Bedroom $240,663 $811 4.04%
3-Bedroom $351,530 $973 3.32%
4+Bedroom $692,244 $1,460 2.53%
Maltepe
1-Bedroom $99,358 $324 3.91%
2-Bedroom $129,503 $459 4.25%
3-Bedroom $167,460 $540 3.87%
4+Bedroom $229,583 $521 2.72%
Esenyurt
Studio $37,273 $256 8.25%
1-Bedroom $58,611 $324 6.63%
2-Bedroom $40,245 $351 10.46%
3-Bedroom $74,277 $462 7.46%
4+Bedroom $89,132 $945 12.72%
Şişli
1-Bedroom $113,441 $499 5.28%
2-Bedroom $125,460 $675 6.45%
3-Bedroom $194,470 $864 5.33%
4+Bedroom $438,908 $2,969 8.12%
Beylikdüzü
1-Bedroom $67,524 $371 6.60%
2-Bedroom $75,627 $432 6.85%
3-Bedroom $126,946 $567 5.36%
4+Bedroom $181,776 $864 5.70%
Sarıyer
Studio $176,914 $715 4.85%
1-Bedroom $267,396 $972 4.36%
2-Bedroom $378,136 $1,349 4.28%
3-Bedroom $513,185 $1,876 4.39%
4+Bedroom $731,964 $2,267 3.72%
Küçükçekmece
Studio $49,023 $283 6.94%
1-Bedroom $70,766 $358 6.06%
2-Bedroom $76,167 $418 6.59%
3-Bedroom $134,833 $567 5.04%
4+Bedroom $161,788 $540 4.00%
Kağıthane
Studio $105,338 $742 8.46%
1-Bedroom $88,862 $783 10.57%
2-Bedroom $99,936 $594 7.13%
3-Bedroom $140,451 $675 5.77%
Istanbul avg. Rental Yields 5.99%
ANKARA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çankaya
Studio $65,364 $324 5.95%
1-Bedroom $83,730 $310 4.45%
2-Bedroom $83,703 $405 5.80%
3-Bedroom $98,586 $405 4.93%
4+Bedroom $180,965 $675 4.47%
Keçiören
1-Bedroom $32,142 $306 11.41%
2-Bedroom $37,219 $243 7.83%
3-Bedroom $42,621 $243 6.84%
4+Bedroom $86,431 $368 5.11%
Mamak
1-Bedroom $20,392 $167 9.85%
2-Bedroom $32,952 $189 6.88%
3-Bedroom $42,621 $216 6.08%
4+Bedroom $74,493 $324 5.22%
Etimesgut
1-Bedroom $61,312 $254 4.97%
2-Bedroom $47,807 $230 5.76%
3-Bedroom $66,957 $243 4.36%
4+Bedroom $137,696 $464 4.05%
Sincan
1-Bedroom $24,201 $86 4.28%
2-Bedroom $33,762 $162 5.76%
3-Bedroom $40,461 $203 6.01%
4+Bedroom $75,087 $227 3.62%
Yenimahalle
1-Bedroom $71,576 $302 5.07%
2-Bedroom $67,227 $312 5.57%
3-Bedroom $83,730 $305 4.37%
4+Bedroom $135,049 $405 3.60%
Altındağ
1-Bedroom $21,716 $171 9.47%
2-Bedroom $38,840 $189 5.58%
3-Bedroom $51,319 $230 5.37%
4+Bedroom $72,386 $248 4.12%
Ankara avg. Rental Yields 5.76%
ANTALYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kepez
Studio $42,405 $189 5.35%
1-Bedroom $54,019 $324 7.19%
2-Bedroom $67,524 $351 6.24%
3-Bedroom $86,431 $405 5.62%
4+Bedroom $121,544 $810 7.99%
Muratpaşa
Studio $57,396 $270 5.64%
1-Bedroom $88,052 $432 5.89%
2-Bedroom $94,534 $567 7.19%
3-Bedroom $143,152 $648 5.43%
4+Bedroom $175,563 $1,026 7.01%
Alanya
Studio $80,489 $317 4.73%
1-Bedroom $108,039 $594 6.60%
2-Bedroom $137,750 $648 5.64%
3-Bedroom $189,608 $648 4.10%
4+Bedroom $221,480 $958 5.19%
Konyaaltı
1-Bedroom $118,843 $540 5.45%
2-Bedroom $159,357 $810 6.10%
3-Bedroom $205,274 $810 4.73%
4+Bedroom $326,818 $1,053 3.86%
Finike
1-Bedroom $48,618 $216 5.33%
2-Bedroom $81,029 $270 4.00%
3-Bedroom $97,235 $297 3.66%
Antalya avg. Rental Yields 5.59%
IZMIR - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Karşıyaka
1-Bedroom $91,091 $378 4.98%
2-Bedroom $106,070 $459 5.19%
3-Bedroom $134,949 $540 4.80%
Konak
1-Bedroom $45,883 $513 13.42%
2-Bedroom $64,776 $378 7.00%
3-Bedroom $95,544 $378 4.75%
Karabağlar
1-Bedroom $40,485 $176 5.20%
2-Bedroom $51,281 $270 6.32%
3-Bedroom $83,208 $351 5.06%
Buca
Studio $32,658 $209 7.69%
1-Bedroom $43,184 $216 6.00%
2-Bedroom $59,378 $270 5.46%
3-Bedroom $80,969 $324 4.80%
Bornova
Studio $82,589 $297 4.32%
1-Bedroom $88,527 $432 5.86%
2-Bedroom $93,115 $419 5.39%
3-Bedroom $105,260 $324 3.69%
4+Bedroom $267,199 $1,069 4.80%
Izmir avg. Rental Yields 5.82%
ADANA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çukurova
Studio $23,201 $135 6.98%
1-Bedroom $42,405 $216 6.11%
2-Bedroom $69,685 $324 5.58%
3-Bedroom $90,753 $279 3.69%
4+Bedroom $134,509 $371 3.31%
Seyhan
1-Bedroom $38,894 $189 5.83%
2-Bedroom $57,207 $297 6.23%
3-Bedroom $77,731 $270 4.17%
4+Bedroom $145,853 $355 2.92%
Sarıçam
2-Bedroom $37,949 $189 5.98%
3-Bedroom $59,692 $243 4.89%
Adana avg. Rental Yields 5.06%
KONYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Konya (all locations)
1-Bedroom $32,952 $189 6.88%
2-Bedroom $46,727 $243 6.24%
3-Bedroom $59,962 $243 4.86%
4+Bedroom $101,287 $378 4.48%
Konya avg. Rental Yields 5.62%
BURSA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Bursa (all locations)
Studio $34,277 $94 3.31%
2-Bedroom $36,976 $216 7.01%
1-Bedroom $43,723 $243 6.67%
3-Bedroom $83,533 $324 4.65%
4+Bedroom $124,018 $540 5.22%
Bursa avg. Rental Yields 5.37%
KAYSERI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kayseri (all locations)
1-Bedroom $36,220 $216 7.15%
1-Bedroom $40,485 $189 5.60%
3-Bedroom $51,281 $204 4.77%
4+Bedroom $97,163 $405 5.00%
Kayseri avg. Rental Yields 5.63%
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

The decline in prices (valued in dollars) has taken place despite a continuous rise in home prices in local terms and is largely due to the dramatic decline of the Turkish New Lira under Turkey´s all-knowing, all-wise President Recep Erdoğan.

In Istanbul, the gross rental yields on apartments - the return earned on the purchase price of a rental property, before taxation, vacancy costs, and other costs - range from 2.53% to 12.72% with an average of 5.99%.

In other cities the rental yields are similar to Istanbul. At Ankara, the yields fall between 4.05% to 11.41%, Antalya produces yields between 3.66% to 7.99%, Izmir yields are from 3.69% to 13.42%, Adana yields are between 2.92% to 6.98%, Bursa produces from 3.31% to 7.01%, Kayseri yields are between 4.77% to 7.15%. and Konya can yield from 4.48% to 6.88%.

Round trip transaction costs are reasonable in Turkey. See our Turkey transactions cost analysis and our Turkey transaction costs compared to other countries.