The average gross rental yield in Estonia stands at 4.74% (2023, Q3).

• Tallinn
• Tartu
• Pärnu

		Last Updated: Aug. 30, 2023
TALLINN (combined) - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Tallinn (combined)
Studio	€95,250	€400	5.04%
1-Bedroom	€169,349	€650	4.61%
3-Bedroom	€239,000	€865	4.34%
3+Bedroom	€349,500	€1,495	5.13%
Tallinn (combined) avg. rental yields			4.78%
TALLINN - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
City Center
Studio	€142,000	€470	3.97%
1-Bedroom	€246,900	€600	2.92%
2-Bedroom	€309,000	€1,000	3.88%
3+Bedroom	€425,000	€2,000	5.65%
Põhja-Tallinn
Studio	€98,950	€390	4.73%
1-Bedroom	€165,000	€650	4.73%
2-Bedroom	€299,950	€1,100	4.40%
3+Bedroom	€454,450	€1,550	4.09%
Mustamäe
Studio	€69,000	€400	6.96%
1-Bedroom	€127,800	€550	5.16%
2-Bedroom	€189,000	€650	4.13%
Tallinn apartments avg. rental yields			4.60%
TARTU - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Tartu (all locations)
Studio	€75,950	€340	5.37%
1-Bedroom	€134,950	€475	4.22%
2-Bedroom	€168,950	€650	4.62%
Tartu avg. rental yields			4.74%
PÄRNU - Apartments	COST (€)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Pärnu (all locations)
Studio	€97,600	€380	4.67%
1-Bedroom	€129,900	€460	4.25%
2-Bedroom	€165,300	€713	5.18%
Pärnu avg. rental yields			4.70%
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 kv.ee

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 Estonia. We used the local 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).