Gross rental yields in Mexico City and 6 other cities

The average gross rental yield in Mexico stands at 5.71% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 5.92%.

  • Mexico City
  • Cancun
  • Monterrey
  • Acapulco
  • Puebla
  • Guadalajara
  • Naucalpan de Juárez
  Last Updated: Mar. 19, 2024
MEXICO CITY - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Benito Juárez  
1-Bedroom $219,355 $1,077 5.89%
2-Bedroom $266,205 $1,376 6.20%
3-Bedroom $364,911 $1,795 5.90%
Miguel Hidalgo  
1-Bedroom $275,119 $1,555 6.78%
2-Bedroom $438,730 $2,982 8.16%
3-Bedroom $918,259 $4,188 5.47%
4+Bedroom $1,995,000 $5,922 3.56%
Cuauhtémoc  
1-Bedroom $227,321 $1,495 7.89%
2-Bedroom $336,196 $1,915 6.84%
3-Bedroom $412,768 $2,542 7.39%
Cuajimalpa de Morelos  
1-Bedroom $215,357 $1,196 6.66%
2-Bedroom $355,937 $1,675 5.65%
3-Bedroom $807,590 $3,110 4.62%
4+Bedroom $1,734,823 $6,879 4.76%
Álvaro Obregón  
1-Bedroom $203,393 $1,137 6.71%
2-Bedroom $311,071 $1,495 5.77%
3-Bedroom $490,536 $2,034 4.98%
Coyoacán  
1-Bedroom $121,138 $715 7.08%
2-Bedroom $200,850 $1,074 6.42%
3-Bedroom $263,214 $1,137 5.18%
Azcapotzalco  
1-Bedroom $130,191 $449 4.14%
2-Bedroom $138,079 $765 6.65%
Tlalpan  
2-Bedroom $201,359 $867 5.17%
3-Bedroom $526,429 $1,496 3.41%
Mexico City avg. Rental Yields 5.89%
MONTERREY - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Monterrey (all locations)  
1-Bedroom $191,428 $1,077 6.75%
2-Bedroom $267,411 $1,211 5.43%
3-Bedroom $381,661 $1,795 5.64%
Monterrey avg. Rental Yields 5.94%
CANCÚN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Cancún (all locations)  
1-Bedroom $194,535 $1,107 6.83%
2-Bedroom $277,141 $1,376 5.96%
3-Bedroom $614,300 $2,991 5.84%
4+Bedroom $1,500,000 $5,700 4.56%
Cancún avg. Rental Yields 5.80%
ACAPULCO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Acapulco (all locations)  
2-Bedroom $116,651 $538 5.53%
3-Bedroom $294,261 $1,032 4.21%
4+Bedroom $714,866 $2,692 4.52%
Acapulco avg. Rental Yields 4.75%
PUEBLA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Puebla (all locations)  
1-Bedroom $140,580 $553 4.72%
2-Bedroom $138,100 $820 7.13%
3-Bedroom $149,553 $927 7.44%
Puebla avg. Rental Yields 6.43%
GUADALAJARA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Guadalajara (all locations)  
1-Bedroom $212,923 $1,196 6.74%
2-Bedroom $277,705 $1,436 6.21%
3-Bedroom $436,696 $2,093 5.75%
Guadalajara avg. Rental Yields 6.23%
NAUCALPAN DE JUÁREZ - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Naucalpan de Juárez (all locations)  
1-Bedroom $249,754 $838 4.03%
2-Bedroom $257,232 $1,301 6.07%
3-Bedroom $526,429 $2,034 4.64%
Naucalpan de Juárez avg. Rental Yields 4.91%
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 Inmuebles24
Mexico´s Historic Rental Yield Data

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Mexico. We used the local real estate listing 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).