Gross rental yields in France: Paris and 7 other cities

The average gross rental yield in France stands at 4.56% (Q4, 2023).

  • Paris
  • Marseille
  • Nice
  • Lyon
  • Toulouse
  • Bordeaux
  • Montpellier
  • Nantes
  Last Updated: Sept. 06, 2023
PARIS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Paris 15ème  
Studio €235,000 €1,111 5.67%
1-Bedroom €450,000 €1,680 4.48%
2-Bedroom €710,000 €2,470 4.17%
3-Bedroom €1,050,000 €3,200 3.66%
Paris 18ème      
Studio €199,000 €988 5.96%
1-Bedroom €373,000 €1,354 4.36%
2-Bedroom €559,000 €2,300 4.94%
3-Bedroom €903,000 €3,200 4.25%
Paris 16ème  
Studio €195,000 €1,200 7.38%
1-Bedroom €595,000 €2,000 4.03%
2-Bedroom €988,000 €3,225 3.92%
3-Bedroom €1,627,500 €4,664 3.44%
4+Bedroom €2,640,000 €8,500 3.86%
Paris 17ème      
Studio €197,000 €1,100 6.70%
1-Bedroom €445,000 €1,842 4.97%
2-Bedroom €760,000 €3,000 4.74%
3-Bedroom €1,250,000 €5,000 4.80%
4+Bedroom €1,995,000 €5,291 3.18%
Paris 20ème      
Studio €219,000 €979 5.36%
1-Bedroom €368,000 €1,390 4.53%
2-Bedroom €585,000 €1,905 3.91%
Paris 19ème  
Studio €199,900 €992 5.95%
1-Bedroom €350,000 €1,500 5.14%
2-Bedroom €549,000 €1,930 4.22%
3-Bedroom €660,000 €2,648 4.81%
Paris 11ème  
Studio €220,000 €1,115 6.08%
1-Bedroom €432,750 €1,590 4.41%
2-Bedroom €720,000 €2,490 4.15%
Paris 13ème  
Studio €225,000 €1,015 5.41%
1-Bedroom €395,000 €1,350 4.10%
2-Bedroom €583,700 €1,879 3.86%
Paris avg. Rental Yields 4.72%
MARSEILLE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Marseille 8ème  
Studio €125,000 €600 5.76%
1-Bedroom €294,000 €917 3.74%
2-Bedroom €405,000 €1,285 3.81%
3-Bedroom €650,000 €1,730 3.19%
Marseille 9ème      
Studio €142,000 €550 4.65%
1-Bedroom €224,000 €824 4.41%
2-Bedroom €273,000 €995 4.37%
Marseille 10ème      
Studio €128,000 €600 5.63%
1-Bedroom €159,000 €720 5.43%
2-Bedroom €215,000 €899 5.02%
Marseille 6ème  
Studio €129,500 €595 5.51%
1-Bedroom €215,000 €800 4.47%
2-Bedroom €299,000 €1,190 4.78%
Marseille avg. Rental Yields 4.67%
NICE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Nice (all locations)  
Studio €150,000 €660 5.28%
1-Bedroom €269,000 €933 4.16%
2-Bedroom €387,000 €1,346 4.17%
3-Bedroom €572,143 €1,950 4.09%
Nice avg. Rental Yields 4.43%
LYON - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Lyon (all locations)  
Studio €140,000 €700 6.00%
1-Bedroom €243,400 €920 4.54%
2-Bedroom €350,000 €1,200 4.11%
3-Bedroom €499,000 €1,595 3.84%
4+Bedroom €749,000 €2,450 3.93%
Lyon avg. Rental Yields 4.48%
TOULOUSE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
Studio €142,500 €658 5.54%
1-Bedroom €232,000 €820 4.24%
2-Bedroom €399,000 €1,171 3.52%
3-Bedroom €610,000 €1,840 3.62%
Toulouse (all locations)      
Studio €109,000 €540 5.94%
1-Bedroom €180,000 €670 4.47%
2-Bedroom €255,000 €799 3.76%
3-Bedroom €382,500 €1,100 3.45%
4+Bedroom €669,450 €1,640 2.94%
Toulouse avg. Rental Yields 4.11%
BORDEAUX - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Bordeaux (all locations)  
Studio €136,950 €650 5.70%
1-Bedroom €236,000 €830 4.22%
2-Bedroom €341,000 €1,190 4.19%
3-Bedroom €457,960 €1,620 4.24%
Bordeaux avg. Rental Yields 4.59%
MONTPELLIER - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Montpellier (all locations)  
Studio €100,000 €526 6.31%
1-Bedroom €180,500 €709 4.71%
2-Bedroom €269,000 €947 4.22%
3-Bedroom €384,000 €1,263 3.95%
Montpellier avg. Rental Yields 4.80%
NANTES - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Nantes (all locations)  
Studio €115,850 €525 5.44%
1-Bedroom €189,000 €720 4.57%
2-Bedroom €279,200 €995 4.28%
3-Bedroom €399,000 €1,433 4.31%
Nantes avg. Rental Yields 4.65%
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 Seloger

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 France. 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).