United States

Rental Yields in United States in 2022, Q3

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Moderate rental yields in bigger United States cities

Residential Valuation Specialist | November 14, 2022

Last Updated: Oct. 21, 2022
NEW YORK - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Manhattan
Studio $749,000 $3,455 5.54%
1-Bedroom $1,150,000 $4,395 4.59%
2-Bedroom $2,324,000 $5,700 2.94%
3-Bedroom $4,492,000 $5,785 1.55%
4+Bedroom $8,950,000 $7,495 1.00%
Queens
Studio $575,000 $2,485 5.19%
1-Bedroom $649,000 $2,200 4.07%
2-Bedroom $739,000 $2,600 4.22%
3-Bedroom $840,000 $2,888 4.14%
4+Bedroom $915,000 $3,650 4.79%
Brooklyn
Studio $633,000 $2,600 4.93%
1-Bedroom $650,000 $2,298 4.24%
2-Bedroom $1,025,000 $2,750 3.22%
3-Bedroom $1,872,500 $3,195 2.05%
4+Bedroom $4,250,000 $4,448 1.26%
Bronx
1-Bedroom $205,000 $1,750 10.24%
2-Bedroom $300,000 $2,375 9.50%
3-Bedroom $549,000 $2,800 6.12%
4+Bedroom $1,789,500 $3,598 2.41%
Staten Island
Studio $192,750 $1,350 8.40%
1-Bedroom $299,000 $1,600 6.42%
2-Bedroom $429,950 $2,200 6.14%
3-Bedroom $499,000 $2,600 6.24%
4+Bedroom $630,000 $2,900 5.52%
New York avg. Rental Yields 4.78%
CHICAGO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Streeterville
Studio $209,000 $2,054 11.79%
1-Bedroom $318,500 $2,690 10.14%
2-Bedroom $569,950 $3,850 8.11%
3-Bedroom $1,575,000 $6,171 4.70%
Lake View
Studio $138,750 $1,295 11.20%
1-Bedroom $212,000 $1,750 9.91%
2-Bedroom $368,500 $2,821 9.19%
3-Bedroom $625,000 $3,295 6.33%
4+Bedroom $1,074,000 $4,600 5.14%
Lake View
1-Bedroom $119,900 $1,150 11.51%
2-Bedroom $159,900 $1,400 10.51%
3-Bedroom $249,900 $1,825 8.80%
Chicago avg. Rental Yields 8.94%
MIAMI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Miami Beach
Studio $332,998 $1,960 7.06%
1-Bedroom $390,000 $2,200 6.77%
2-Bedroom $799,999 $3,733 5.60%
3-Bedroom $3,595,000 $34,500 11.52%
Brickell
Studio $413,900 $2,702 7.83%
1-Bedroom $550,000 $3,500 7.64%
2-Bedroom $865,000 $4,300 5.97%
3-Bedroom $1,549,500 $5,430 4.21%
Miami avg. Rental Yields 7.07%
LOS ANGELES - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Downtown
Studio $514,500 $2,245 5.24%
1-Bedroom $629,000 $2,877 5.49%
2-Bedroom $979,900 $3,876 4.75%
3-Bedroom $2,398,000 $7,590 3.80%
Los Angeles (all locations)
Studio $512,500 $1,575 3.69%
1-Bedroom $600,000 $2,450 4.90%
2-Bedroom $799,000 $2,393 3.59%
3-Bedroom $899,000 $4,299 5.74%
4+Bedroom $1,021,293 $4,300 5.05%
Los Angeles avg. Rental Yields 4.69%
LAS VEGAS - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Las Vegas (all locations)
Studio $320,444 $1,090 4.08%
1-Bedroom $220,998 $1,300 7.06%
2-Bedroom $255,000 $1,485 6.99%
3-Bedroom $320,990 $1,900 7.10%
Las Vegas avg. Rental Yields 6.31%
ORLANDO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Orlando (all locations)
1-Bedroom $159,900 $1,777 13.34%
2-Bedroom $215,000 $2,170 12.11%
3-Bedroom $319,900 $2,554 9.58%
Orlando avg. Rental Yields 11.68%
AUSTIN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Austin (all locations)
Studio $399,000 $1,566 4.71%
1-Bedroom $365,000 $1,630 5.36%
2-Bedroom $449,500 $2,014 5.38%
3-Bedroom $649,000 $2,447 4.52%
Austin avg. Rental Yields 4.99%
SAN DIEGO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
San Diego (all locations)
Studio $407,000 $2,366 6.98%
1-Bedroom $485,000 $2,495 6.17%
2-Bedroom $674,000 $3,111 5.54%
3-Bedroom $747,000 $4,148 6.66%
San Diego avg. Rental Yields 6.34%
WASHINGTON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Columbia Heights
Studio $249,948 $1,917 9.20%
1-Bedroom $389,700 $2,325 7.16%
2-Bedroom $622,450 $2,777 5.35%
3-Bedroom $807,450 $3,950 5.87%
Adams Morgan
Studio $236,450 $1,802 9.15%
1-Bedroom $359,900 $2,299 7.67%
2-Bedroom $744,450 $2,980 4.80%
3-Bedroom $1,249,500 $4,359 4.19%
Washington avg. Rental Yields 6.67%
BOSTON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Boston (all locations)
Studio $484,750 $2,909 7.20%
1-Bedroom $572,500 $3,260 6.83%
2-Bedroom $899,900 $3,856 5.14%
3-Bedroom $1,537,000 $3,310 2.58%
4+Bedroom $3,250,000 $4,000 1.48%
Boston avg. Rental Yields 4.65%
HOUSTON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Houston (all locations)
Studio $200,000 $1,345 8.07%
1-Bedroom $160,000 $1,350 10.13%
2-Bedroom $225,000 $1,675 8.93%
3-Bedroom $615,000 $2,000 3.90%
4+Bedroom $1,737,500 $1,830 1.26%
Houston avg. Rental Yields 6.46%
PHILADELPHIA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Old City
1-Bedroom $315,000 $2,110 8.04%
2-Bedroom $665,000 $2,860 5.16%
3-Bedroom $1,062,450 $4,100 4.63%
Philadelphia (all locations)
Studio $165,000 $1,587 11.54%
1-Bedroom $299,000 $1,775 7.12%
2-Bedroom $439,950 $1,902 5.19%
3-Bedroom $749,759 $1,800 2.88%
4+Bedroom $2,868,400 $2,350 0.98%
Philadelphia avg. Rental Yields 5.69%
ATLANTA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Atlanta (all locations)
Studio $204,900 $1,656 9.70%
1-Bedroom $289,950 $1,844 7.63%
2-Bedroom $425,000 $2,281 6.44%
3-Bedroom $749,900 $2,750 4.40%
Atlanta avg. Rental Yields 7.04%
SEATTLE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Seattle (all locations)
Studio $349,950 $1,522 5.22%
1-Bedroom $472,500 $1,790 4.55%
2-Bedroom $660,000 $2,477 4.50%
3-Bedroom $899,950 $3,680 4.91%
Seattle avg. Rental Yields 4.79%
SAN FRANCISCO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
San Francisco (all locations)
Studio $499,000 $2,295 5.52%
1-Bedroom $775,000 $2,895 4.48%
2-Bedroom $1,249,000 $3,795 3.65%
3-Bedroom $1,600,000 $4,995 3.75%
San Francisco avg. Rental Yields 4.35%
PORTLAND - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Portland (all locations)
Studio $192,450 $1,310 8.17%
1-Bedroom $359,900 $1,500 5.00%
2-Bedroom $429,000 $1,800 5.03%
3-Bedroom $500,000 $2,461 5.91%
Portland avg. Rental Yields 6.03%
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

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What are the rental yields in the United States in some of their biggest cities

  • New York apartments have a rental yield of 1.00% to 10.24% with a city average of 4.78%.
  • Chicago apartments earn a rental yield between 4.70% to 11.79% with an average of 8.94%
  • Miami apartments yield between 4.21% to 11.52% with an average of 7.07%.
  • Washington apartments can yield you between 4.19% to 9.20% with an average of 6.67%.
  • Boston apartments yield stay between 1.48% to 7.20% with an average of 4.65%.
  • Los Angeles apartments earn a yield between 3.59% to 5.74% with an average of 4.69%.
  • Houston apartments have a yield between 1.26% to 10.13% with an average of 6.46%.
  • Las Vegas apartments yield you between 4.08% to 7.10% with an average of 6.31%.
  • Philadelphia apartments can yield you between 0.98% to 11.54% with an average of 5.69%.
  • Atlanta apartments have rental yields between 4.40% to 9.70% with an average of 7.04%.
  • Orlando apartments produce a yield between 9.58% to 13.34% with an average of 11.68%.
  • Seattle apartments produce returns between 4.50% to 5.22% with an average of 4.79%.
  • Austin apartments yield between 4.71% to 5.38% with an average of 4.99%.
  • San Francisco apartments have rental yields between 3.65% to 5.52% with an average of 4.35%.
  • San Diego apartments rental yields are between 5.54% to 6.98% with an average of 6.34%.
  • Portland apartments yield you between 5.00% to 8.17% with an average of 6.03%.

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