Gross rental yields in Indonesia: Jakarta and 3 other cities

The average gross rental yield in Indonesia stands at 5.68% (Q1, 2024). 

  • Jakarta
  • South Tangerang
  • Surabaya
  • Tangerang
  Last Updated: Feb. 06, 2024
JAKARTA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
South Jakarta  
Studio $50,105 $362 8.66%
1-Bedroom $95,135 $698 8.80%
2-Bedroom $158,525 $1,205 9.12%
3-Bedroom $291,686 $1,966 8.09%
4+Bedroom $792,626 $4,090 6.19%
West Jakarta      
Studio $36,469 $159 5.22%
1-Bedroom $47,568 $243 6.13%
2-Bedroom $72,937 $341 5.61%
3-Bedroom $161,730 $529 3.92%
4+Bedroom $291,749 $581 2.39%
North Jakarta      
Studio $16,490 $90 6.54%
1-Bedroom $44,397 $148 4.00%
2-Bedroom $31,712 $159 6.00%
3-Bedroom $130,018 $523 4.83%
4+Bedroom $234,667 $846 4.32%
Central Jakarta      
Studio $38,054 $127 4.00%
1-Bedroom $63,424 $106 2.00%
2-Bedroom $69,766 $174 3.00%
3-Bedroom $171,244 $238 1.67%
4+Bedroom $209,298 $396 2.27%
East Jakarta      
Studio $22,515 $106 5.63%
1-Bedroom $34,122 $174 6.13%
2-Bedroom $36,469 $211 6.96%
3-Bedroom $60,252 $402 8.00%
Jakarta avg. Rental Yields 5.40%
SOUTH TANGERANG - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
South Tangerang (all locations)  
Studio $32,511 $185 6.83%
1-Bedroom $43,128 $201 5.59%
2-Bedroom $79,280 $317 4.80%
3-Bedroom $164,901 $793 5.77%
South Tangerang avg. Rental Yields 5.75%
SURABAYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Surabaya (all locations)  
Studio $21,247 $137 7.76%
1-Bedroom $22,833 $159 8.33%
2-Bedroom $31,712 $211 8.00%
3-Bedroom $133,190 $423 3.81%
4+Bedroom $285,406 $1,057 4.44%
Surabaya avg. Rental Yields 6.47%
TANGERANG - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Tangerang (all locations)  
Studio $25,306 $92 4.39%
1-Bedroom $36,215 $159 5.25%
2-Bedroom $45,665 $211 5.56%
3-Bedroom $107,506 $476 5.31%
Tangerang avg. Rental Yields 5.13%
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 Lamudi

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 Indonesia. 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).