Gross rental yields in Philippines: Manila and Cebu
The average gross rental yield in Philippines stands at 5.12% (Q3, 2023).
| Last Updated: Oct. 4, 2023 | |||
| METRO MANILA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Taguig City | |||
| Studio & 1-Bedroom | $176,173 | $705 | 4.80% |
| 2-Bedroom | $387,580 | $1,550 | 4.80% |
| 3-Bedroom | $678,793 | $2,643 | 4.67% |
| 4+Bedroom | $2,466,418 | $4,933 | 2.40% |
| Manila City | |||
| Studio & 1-Bedroom | $79,278 | $352 | 5.33% |
| 2-Bedroom | $130,805 | $705 | 6.47% |
| 3-Bedroom | $213,169 | $1,321 | 7.44% |
| Mandaluyong City | |||
| Studio & 1-Bedroom | $86,325 | $423 | 5.88% |
| 2-Bedroom | $153,469 | $617 | 4.82% |
| 3-Bedroom | $387,580 | $1,321 | 4.09% |
| Pasig City | |||
| Studio & 1-Bedroom | $176,173 | $529 | 3.60% |
| 2-Bedroom | $246,642 | $793 | 3.86% |
| 3-Bedroom | $396,389 | $1,321 | 4.00% |
| 4+Bedroom | $1,268,443 | $2,079 | 1.97% |
| Quezon City | |||
| Studio & 1-Bedroom | $78,879 | $353 | 5.37% |
| 2-Bedroom | $132,130 | $617 | 5.60% |
| 3-Bedroom | $229,025 | $881 | 4.62% |
| Pasay City | |||
| Studio & 1-Bedroom | $119,797 | $476 | 4.77% |
| 2-Bedroom | $220,519 | $881 | 4.79% |
| 3-Bedroom | $387,580 | $1,762 | 5.46% |
| Paranaque City | |||
| Studio & 1-Bedroom | $97,071 | $388 | 4.80% |
| 2-Bedroom | $102,127 | $529 | 6.22% |
| 3-Bedroom | $207,003 | $1,762 | 10.21% |
| San Juan City | |||
| Studio & 1-Bedroom | $96,895 | $543 | 6.72% |
| 2-Bedroom | $164,096 | $916 | 6.70% |
| 3-Bedroom | $431,623 | $1,762 | 4.90% |
| Metro Manila avg. Rental Yields | 5.16% | ||
| CEBU CITY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cebu City (all locations) | |||
| Studio & 1-Bedroom | $88,086 | $440 | 5.99% |
| 2-Bedroom | $211,407 | $1,057 | 6.00% |
| 3-Bedroom | $458,049 | $1,233 | 3.23% |
| Cebu City (all locations) avg. Rental Yields | 5.00% | ||
| 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 |
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Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the two largest cities of Philippines. We used the Lamudi 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).