Gross rental yields in Germany: Berlin and 7 other cities
The average gross rental yield in Germany stands at 3.55% (Q3, 2023).
- Berlin
- Frankfurt
- Stuttgart
- Munich
- Hamburg
- Leipzig
- Cologne
- Düsseldorf
| Last Updated: Sept. 19, 2023 | |||
| BERLIN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Charlottenburg-Wilmersdorf | |||
| Studio | €229,000 | €990 | 5.19% |
| 1-Bedroom | €349,000 | €1,200 | 4.13% |
| 2-Bedroom | €679,500 | €2,236 | 3.95% |
| 3-Bedroom | €998,750 | €2,990 | 3.59% |
| Pankow (district) | |||
| Studio | €205,500 | €655 | 3.82% |
| 1-Bedroom | €332,500 | €750 | 2.71% |
| 2-Bedroom | €649,000 | €1,400 | 2.59% |
| Mitte (district) | |||
| Studio | €205,000 | €583 | 3.41% |
| 1-Bedroom | €345,778 | €1,000 | 3.47% |
| 2-Bedroom | €699,000 | €1,950 | 3.35% |
| 3-Bedroom | €895,000 | €2,800 | 3.75% |
| Friedrichshain-Kreuzberg | |||
| Studio | €227,000 | €500 | 2.64% |
| 1-Bedroom | €375,000 | €757 | 2.42% |
| 2-Bedroom | €650,000 | €1,500 | 2.77% |
| 3-Bedroom | €995,000 | €2,500 | 3.02% |
| Tempelhof-Schöneberg | |||
| Studio | €219,250 | €663 | 3.63% |
| 1-Bedroom | €305,000 | €790 | 3.11% |
| 2-Bedroom | €440,000 | €1,000 | 2.73% |
| Treptow-Köpenick | |||
| Studio | €199,100 | €667 | 4.02% |
| 1-Bedroom | €302,500 | €1,000 | 3.97% |
| 2-Bedroom | €499,000 | €1,548 | 3.72% |
| Potsdam | |||
| 1-Bedroom | €278,400 | €743 | 3.20% |
| 2-Bedroom | €599,000 | €1,368 | 2.74% |
| Neukölln (district) | |||
| Studio | €175,500 | €461 | 3.15% |
| 1-Bedroom | €269,950 | €600 | 2.67% |
| 2-Bedroom | €385,000 | €800 | 2.49% |
| Berlin avg. Rental Yields | 3.32% | ||
| FRANKFURT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| District of Offenbach | |||
| Studio | €169,000 | €590 | 4.19% |
| 1-Bedroom | €268,000 | €770 | 3.45% |
| 2-Bedroom | €378,081 | €1,065 | 3.38% |
| 3-Bedroom | €474,500 | €1,436 | 3.63% |
| Main-Kinzig District | |||
| 1-Bedroom | €235,000 | €720 | 3.68% |
| 2-Bedroom | €265,000 | €1,000 | 4.53% |
| 3-Bedroom | €369,000 | €1,300 | 4.23% |
| Main-Taunus-Kreis | |||
| 1-Bedroom | €300,000 | €750 | 3.00% |
| 2-Bedroom | €367,500 | €1,100 | 3.59% |
| 3-Bedroom | €711,000 | €1,665 | 2.81% |
| Hochtaunuskreis | |||
| 1-Bedroom | €270,000 | €888 | 3.95% |
| 2-Bedroom | €448,000 | €1,320 | 3.54% |
| 3-Bedroom | €624,500 | €1,600 | 3.07% |
| Offenbach am Main | |||
| 1-Bedroom | €285,000 | €825 | 3.47% |
| 2-Bedroom | €359,000 | €1,150 | 3.84% |
| 3-Bedroom | €474,500 | €1,792 | 4.53% |
| Groß-Gerau district | |||
| 1-Bedroom | €198,000 | €683 | 4.14% |
| 2-Bedroom | €298,800 | €1,075 | 4.32% |
| 3-Bedroom | €449,500 | €1,300 | 3.47% |
| Downtown II | |||
| 1-Bedroom | €460,000 | €1,340 | 3.50% |
| 2-Bedroom | €770,000 | €2,079 | 3.24% |
| Wetteraukreis | |||
| 1-Bedroom | €239,900 | €710 | 3.55% |
| 2-Bedroom | €330,000 | €923 | 3.36% |
| 3-Bedroom | €472,000 | €1,250 | 3.18% |
| Frankfurt am Main avg. Rental Yields | 4.31% | ||
| STUTTGART - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Stuttgart (all locations) | |||
| Studio | €169,000 | €773 | 5.49% |
| 1-Bedroom | €299,000 | €940 | 3.77% |
| 2-Bedroom | €348,000 | €1,300 | 4.48% |
| 3-Bedroom | €480,000 | €1,719 | 4.30% |
| 4+Bedroom | €749,000 | €2,195 | 3.52% |
| Stuttgart avg. Rental Yields | 4.31% | ||
| MUNICH - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| District of Munich | |||
| 1-Bedroom | €446,155 | €1,190 | 3.20% |
| 2-Bedroom | €649,000 | €1,558 | 2.88% |
| 3-Bedroom | €853,350 | €2,050 | 2.88% |
| Bogenhausen | |||
| 1-Bedroom | €544,000 | €1,535 | 3.39% |
| 2-Bedroom | €690,000 | €1,925 | 3.35% |
| District Fürstenfeldbruck | |||
| 1-Bedroom | €384,999 | €1,090 | 3.40% |
| 2-Bedroom | €490,000 | €1,400 | 3.43% |
| Munich avg. Rental Yields | 3.22% | ||
| HAMBURG - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Wandsbek (district) | |||
| 1-Bedroom | €299,500 | €939 | 3.76% |
| 2-Bedroom | €399,000 | €1,350 | 4.06% |
| Hamburg-Nord | |||
| Studio | €270,000 | €680 | 3.02% |
| 1-Bedroom | €382,000 | €850 | 2.67% |
| 2-Bedroom | €725,000 | €1,150 | 1.90% |
| 3-Bedroom | €1,170,000 | €2,100 | 2.15% |
| Eimsbüttel (district) | |||
| 1-Bedroom | €360,000 | €860 | 2.87% |
| 2-Bedroom | €499,500 | €1,035 | 2.49% |
| Pinneberg District | |||
| 1-Bedroom | €234,000 | €646 | 3.31% |
| 2-Bedroom | €298,000 | €955 | 3.85% |
| Altona | |||
| 1-Bedroom | €388,500 | €857 | 2.65% |
| 2-Bedroom | €689,000 | €1,390 | 2.42% |
| Hamburg avg. Rental Yields | 2.93% | ||
| LEIPZIG - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €272,000 | €1,139 | 5.03% |
| 2-Bedroom | €398,000 | €1,285 | 3.87% |
| Leipzig (all locations) | |||
| Studio | €114,078 | €399 | 4.20% |
| 1-Bedroom | €165,000 | €648 | 4.71% |
| 2-Bedroom | €280,000 | €784 | 3.36% |
| 3-Bedroom | €527,174 | €1,499 | 3.41% |
| Leipzig avg. Rental Yields | 3.92% | ||
| COLOGNE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €349,000 | €808 | 2.78% |
| 2-Bedroom | €479,000 | €1,470 | 3.68% |
| Cologne (all locations) | |||
| Studio | €169,000 | €550 | 3.91% |
| 1-Bedroom | €288,700 | €805 | 3.35% |
| 2-Bedroom | €399,000 | €1,233 | 3.71% |
| 3-Bedroom | €589,000 | €1,690 | 3.44% |
| Cologne avg. Rental Yields | 3.60% | ||
| DÜSSELDORF - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €319,500 | €928 | 3.49% |
| 2-Bedroom | €552,250 | €1,450 | 3.15% |
| Düsseldorf (all locations) | |||
| Studio | €168,500 | €632 | 4.50% |
| 1-Bedroom | €299,500 | €850 | 3.41% |
| 2-Bedroom | €485,000 | €1,220 | 3.02% |
| 3-Bedroom | €835,000 | €1,900 | 2.73% |
| Düsseldorf avg. Rental Yields | 3.41% | ||
| 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 immobilienscout24.de |
|||
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 Germany. We utilized the Immobilenscout24 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).
