Gross rental yields in Peru: Lima and Arequipa
The average gross rental yield in Peru stands at 5.94% (Q4, 2025). Previously, in Q2 2025, the average rental yield was 5.97%.
Cities compared
- Lima
- Arequipa
Historical rental yields in Peru
View the full rental yield dataset (2023 - Present)
| LIMA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Barranco | |||
| Studio & 1-Bedroom | $135,000 | $650 | 5.78% |
| 2-Bedroom | $187,000 | $890 | 5.71% |
| 3-Bedroom | $290,000 | $1,300 | 5.38% |
| Chorrillos | |||
| 2-Bedroom | $92,000 | $510 | 6.65% |
| 3-Bedroom | $120,000 | $550 | 5.50% |
| La Molina | |||
| 2-Bedroom | $113,000 | $550 | 5.84% |
| 3-Bedroom | $170,500 | $830 | 5.84% |
| Miraflores | |||
| Studio & 1-Bedroom | $180,000 | $800 | 5.33% |
| 2-Bedroom | $220,000 | $1,000 | 5.45% |
| 3-Bedroom | $320,000 | $1,450 | 5.44% |
| 4+Bedroom | $540,000 | $3,200 | 7.11% |
| San Isidro | |||
| Studio & 1-Bedroom | $153,000 | $800 | 6.27% |
| 2-Bedroom | $252,000 | $1,080 | 5.14% |
| 3-Bedroom | $450,000 | $2,210 | 5.89% |
| 4+Bedroom | $750,000 | $3,900 | 6.24% |
| San Borja | |||
| 2-Bedroom | $189,000 | $870 | 5.52% |
| 3-Bedroom | $289,000 | $1,200 | 4.98% |
| Surquillo | |||
| Studio & 1-Bedroom | $87,000 | $620 | 8.55% |
| 2-Bedroom | $120,000 | $700 | 7.00% |
| 3-Bedroom | $160,000 | $790 | 5.93% |
| Lima (all locations) | |||
| Studio & 1-Bedroom | $120,000 | $620 | 6.20% |
| 2-Bedroom | $158,000 | $750 | 5.70% |
| 3-Bedroom | $207,000 | $1,000 | 5.80% |
| 4+Bedroom | $354,000 | $2,200 | 7.46% |
| Lima avg. Rental Yields | 6.29% | ||
| AREQUIPA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Arequipa (all locations) | |||
| 2-Bedroom | $114,000 | $595 | 6.26% |
| 3-Bedroom | $170,000 | $700 | 4.94% |
| Arequipa avg. Rental Yields | 5.60% | ||
| 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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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.
