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.