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 |
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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).