Gross rental yields in Belgium: Brussels and 7 other cities

The average gross rental yield in Belgium stands at 4.20% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 4.11%.

  • Brussels
  • Brugge
  • Antwerp
  • Oostend
  • Liège
  • Kortrijk
  • Mechelen
  • Leuven
  Last Updated: Feb. 02, 2024
BRUSSELS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Brussels District (combined)  
Studio €189,000 €840 5.33%
1-Bedroom €225,000 €1,050 5.60%
2-Bedroom €300,000 €1,490 5.96%
3-Bedroom €460,000 €2,100 5.48%
4+Bedroom €640,000 €2,850 5.34%
Brussels City      
Studio €199,000 €850 5.13%
1-Bedroom €270,000 €1,120 4.98%
2-Bedroom €380,000 €1,600 5.05%
3-Bedroom €550,000 €2,600 5.67%
Brussels avg. Rental Yields 5.54%
ANTWERP - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Antwerp (combined)  
Studio €148,750 €680 5.49%
1-Bedroom €225,000 €850 4.53%
2-Bedroom €275,000 €1,050 4.58%
3-Bedroom €348,000 €1,250 4.31%
Antwerp City  
Studio €163,000 €750 5.52%
1-Bedroom €259,000 €960 4.45%
2-Bedroom €495,000 €1,350 3.27%
Antwerp avg. Rental Yields 4.73%
BRUGGE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Brugge (all locations)  
1-Bedroom €256,500 €715 3.35%
2-Bedroom €475,000 €950 2.40%
3-Bedroom €945,000 €1,550 1.97%
Brugge avg. Rental Yields 2.57%
OOSTEND - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Oostend (all locations)  
Studio €135,000 €575 5.11%
1-Bedroom €195,000 €675 4.15%
2-Bedroom €285,000 €825 3.47%
Oostend avg. Rental Yields 4.25%
LIÈGE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Liège (all locations)  
Studio €99,000 €550 6.67%
1-Bedroom €165,000 €695 5.05%
2-Bedroom €229,000 €850 4.45%
3-Bedroom €275,000 €950 4.15%
Liège avg. Rental Yields 5.08%
KORTRIJK - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Kortrijk (all locations)  
1-Bedroom €235,000 €725 3.70%
2-Bedroom €286,598 €790 3.31%
Kortrijk avg. Rental Yields 3.50%
LEUVEN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Leuven (all locations)  
Studio €240,000 €725 3.63%
1-Bedroom €240,000 €845 4.23%
2-Bedroom €335,000 €995 3.56%
3-Bedroom €397,057 €1,150 3.48%
Leuven avg. Rental Yields 3.72%
MECHELEN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Mechelen (all locations)  
1-Bedroom €229,000 €850 4.45%
2-Bedroom €297,000 €950 3.84%
3-Bedroom €349,000 €1,250 4.30%
Mechelen avg. Rental Yields 4.20%
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 Immoweb.be

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 Belgium. 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).