Gross rental yields in Estonia: Tallinn, Tartu and Pärnu

The average gross rental yield in Estonia stands at 4.51% (2024, Q2). Previously, in Q3, 2023 the average gross rental yield stood at 4.74%.

  • Tallinn
  • Tartu
  • Pärnu
  Last Updated: Apr. 22, 2024
TALLINN (combined) - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Tallinn (combined)  
Studio €90,000 €380 5.07%
1-Bedroom €165,000 €600 4.36%
2-Bedroom €239,000 €770 3.87%
3+Bedroom €369,900 €1,395 4.53%
Tallinn (combined) avg. rental yields 4.46%
TALLINN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
City Center  
Studio €143,550 €420 3.51%
1-Bedroom €206,500 €640 3.72%
2-Bedroom €295,000 €919 3.74%
3+Bedroom €450,000 €1,900 5.07%
Põhja-Tallinn  
Studio €79,800 €335 5.04%
1-Bedroom €147,000 €590 4.82%
2-Bedroom €323,500 €750 2.78%
Mustamäe  
Studio €85,000 €380 5.36%
1-Bedroom €122,000 €540 5.31%
2-Bedroom €152,500 €650 5.11%
Tallinn apartments avg. rental yields 4.45%
TARTU - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Tartu (all locations)  
Studio €77,250 €320 4.97%
1-Bedroom €120,000 €485 4.85%
2-Bedroom €166,990 €595 4.28%
Tartu avg. rental yields 4.70%
PÄRNU - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Pärnu (all locations)  
Studio €82,750 €320 4.64%
1-Bedroom €129,000 €445 4.14%
Pärnu avg. rental yields 4.39%
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
Estonia´s 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 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).