Gross rental yields in China: Beijing and 3 other cities

The average gross rental yield in China stands at 2.62% (Q4, 2024).

Cities and areas compered
  • Beijing
  • Shanghai
  • Chengdu
  • Guangzhou
Historical rental yields in China

View the full rental yield dataset (2024 - Present)


  Last Updated: Nov 01, 2024
Next Update: April 2025
BEIJING - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Beijing (all locations)  
1-Bedroom $350,750 $778 2.66%
2-Bedroom $565,031 $1,273 2.70%
3-Bedroom $723,373 $1,577 2.62%
Beijing avg. Rental Yields 2.66%
SHANGHAI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Shanghai (all locations)  
1-Bedroom $152,956 $372 2.92%
2-Bedroom $253,753 $539 2.55%
3-Bedroom $704,870 $1,568 2.67%
4+Bedroom $997,391 $2,133 2.57%
Shanghai avg. Rental Yields 2.68%
SHENZHEN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Shenzhen (all locations)  
1-Bedroom $195,954 $428 2.62%
2-Bedroom $296,045 $647 2.62%
3-Bedroom $518,079 $1,179 2.73%
4+Bedroom $2,784,238 $5,960 2.57%
Shenzhen avg. Rental Yields 2.64%
CHENGDU - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Chengdu (all locations)  
1-Bedroom $560,389 $1,127 2.41%
2-Bedroom $730,306 $1,581 2.60%
3-Bedroom $1,318,107 $2,846 2.59%
4+Bedroom $5,638,964 $12,134 2.58%
Chengdu avg. Rental Yields 2.55%
GUANGZHOU - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Guangzhou (all locations)  
1-Bedroom $205,773 $479 2.79%
2-Bedroom $304,504 $675 2.66%
3-Bedroom $590,689 $1,146 2.33%
4+Bedroom $962,148 $2,045 2.55%
Guangzhou avg. Rental Yields 2.58%
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 Anjuke.com

Research Methodology:

Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in China, 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. 

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