Gross rental yields in Peru: Lima and Arequipa
The average gross rental yield in Peru stands at 5.93% (Q2, 2026). Previously, in Q4 2025, the average rental yield was 5.94%.
Cities compared
- Lima
- Arequipa
Historical rental yields in Peru
| LIMA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Barranco | |||
| Studio & 1-Bedroom | $133,000 | $700 | 6.32% |
| 2-Bedroom | $175,000 | $960 | 6.58% |
| 3-Bedroom | $280,000 | $1,500 | 6.43% |
| Chorrillos | |||
| 2-Bedroom | $104,500 | $500 | 5.74% |
| 3-Bedroom | $119,000 | $610 | 6.15% |
| La Molina | |||
| 2-Bedroom | $120,000 | $585 | 5.85% |
| 3-Bedroom | $170,000 | $800 | 5.65% |
| Miraflores | |||
| Studio & 1-Bedroom | $179,000 | $780 | 5.23% |
| 2-Bedroom | $245,000 | $1,050 | 5.14% |
| 3-Bedroom | $326,000 | $1,700 | 6.26% |
| 4+Bedroom | $490,000 | $2,700 | 6.61% |
| San Isidro | |||
| Studio & 1-Bedroom | $140,000 | $810 | 6.94% |
| 2-Bedroom | $250,000 | $1,100 | 5.28% |
| 3-Bedroom | $450,000 | $1,900 | 5.07% |
| 4+Bedroom | $785,000 | $3,500 | 5.35% |
| San Borja | |||
| 2-Bedroom | $190,000 | $790 | 4.99% |
| 3-Bedroom | $290,000 | $1,150 | 4.76% |
| Surquillo | |||
| Studio & 1-Bedroom | $90,000 | $605 | 8.07% |
| 2-Bedroom | $125,000 | $720 | 6.91% |
| 3-Bedroom | $160,000 | $780 | 5.85% |
| Lima (all locations) | |||
| Studio & 1-Bedroom | $117,000 | $620 | 6.36% |
| 2-Bedroom | $160,000 | $800 | 6.00% |
| 3-Bedroom | $215,000 | $950 | 5.30% |
| 4+Bedroom | $359,000 | $1,800 | 6.02% |
| Lima avg. Rental Yields | 5.92% | ||
| AREQUIPA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Arequipa (all locations) | |||
| 2-Bedroom | $120,000 | $670 | 6.26% |
| 3-Bedroom | $197,000 | $850 | 4.94% |
| Arequipa avg. Rental Yields | 5.94% | ||
| 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 Adondevivir |
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View the full rental yield dataset (2023 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Peru, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:
($500 × 12) ÷ $100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
