Gross rental yields in Puerto Rico: San Juan and overall average

The average gross rental yield in Puerto Rico stands at 7.05% (Q2, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 8.23%.

  • San Juan (8.61%)
  • Puerto Rico (7.05% in total)
  Last Updated: May. 28, 2024
SAN JUAN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Condado-Miramar  
2-Bedroom €699,000 €5,200 8.93%
3-Bedroom €900,000 €7,000 9.33%
Isla Verde  
1-Bedroom €245,000 €2,750 13.47%
2-Bedroom €499,000 €5,500 13.23%
San Juan (all locations)  
1-Bedroom $320,000 $2,350 8.81%
2-Bedroom $575,000 $4,000 8.35%
3-Bedroom $650,000 $5,500 10.15%
4+Bedroom $1,350,000 $8,000 7.11%
San Juan avg. Rental Yields 8.61%
Puerto Rico - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Puerto Rico (all locations)  
1-Bedroom $245,000 $1,700 8.33%
2-Bedroom $385,000 $2,750 7.79%
3-Bedroom $400,000 $2,200 6.60%
4+Bedroom $1,290,000 $5,900 5.49%
Puerto Rico avg. Rental Yields 7.05%
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 Point2 Homes
Puerto Rico Historic Rental Yield Data

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in San Juan - Puerto Rico. 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).