Gross rental yields in Germany: Berlin and 7 other cities
The average gross rental yield in Germany stands at 3.67% (Q3, 2024). Previously, in Q1, 2023 the average gross rental yield stood at 3.74%.
- Berlin
- Frankfurt
- Stuttgart
- Munich
- Hamburg
- Leipzig
- Cologne
- Düsseldorf
| Last Updated: July 19, 2024 | |||
| BERLIN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Charlottenburg-Wilmersdorf | |||
| Studio | €253,008 | €1,010 | 4.79% |
| 1-Bedroom | €389,000 | €1,240 | 3.83% |
| 2-Bedroom | €645,000 | €2,000 | 3.72% |
| 3-Bedroom | €998,000 | €2,800 | 3.37% |
| Pankow (district) | |||
| Studio | €219,000 | €795 | 4.36% |
| 1-Bedroom | €329,500 | €844 | 3.07% |
| 2-Bedroom | €560,000 | €1,540 | 3.30% |
| Mitte (district) | |||
| Studio | €224,000 | €1,050 | 5.63% |
| 1-Bedroom | €344,988 | €1,350 | 4.70% |
| 2-Bedroom | €690,399 | €2,076 | 3.61% |
| 3-Bedroom | €998,000 | €2,899 | 3.49% |
| Friedrichshain-Kreuzberg | |||
| Studio | €225,000 | €900 | 4.80% |
| 1-Bedroom | €365,000 | €855 | 2.81% |
| 2-Bedroom | €649,000 | €1,600 | 2.96% |
| 3-Bedroom | €979,000 | €2,580 | 3.16% |
| Tempelhof-Schöneberg | |||
| Studio | €220,000 | €849 | 4.63% |
| 1-Bedroom | €335,000 | €980 | 3.51% |
| 2-Bedroom | €469,900 | €1,290 | 3.29% |
| Treptow-Köpenick | |||
| Studio | €309,900 | €650 | 2.52% |
| 1-Bedroom | €276,000 | €990 | 4.30% |
| 2-Bedroom | €468,000 | €1,380 | 3.54% |
| Potsdam | |||
| 1-Bedroom | €285,000 | €743 | 3.13% |
| 2-Bedroom | €549,000 | €1,099 | 2.40% |
| Neukölln (district) | |||
| Studio | €197,000 | €503 | 3.06% |
| 1-Bedroom | €275,000 | €663 | 2.89% |
| 2-Bedroom | €449,000 | €900 | 2.41% |
| Berlin avg. Rental Yields | 3.59% | ||
| FRANKFURT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| District of Offenbach | |||
| 1-Bedroom | €240,000 | €750 | 3.75% |
| 2-Bedroom | €399,000 | €1,100 | 3.31% |
| 3-Bedroom | €485,000 | €1,350 | 3.34% |
| Main-Kinzig District | |||
| 2-Bedroom | €279,500 | €900 | 3.86% |
| 3-Bedroom | €455,000 | €1,290 | 3.40% |
| Main-Taunus-Kreis | |||
| 1-Bedroom | €299,000 | €800 | 3.21% |
| 2-Bedroom | €447,000 | €1,300 | 3.49% |
| 3-Bedroom | €595,000 | €1,650 | 3.33% |
| Hochtaunuskreis | |||
| 1-Bedroom | €275,000 | €830 | 3.62% |
| 2-Bedroom | €398,000 | €1,340 | 4.04% |
| 3-Bedroom | €690,000 | €1,750 | 3.04% |
| Offenbach am Main | |||
| 1-Bedroom | €245,000 | €810 | 3.97% |
| 2-Bedroom | €319,000 | €1,290 | 4.85% |
| Groß-Gerau district | |||
| 1-Bedroom | €210,000 | €760 | 4.34% |
| 2-Bedroom | €280,000 | €960 | 4.11% |
| Downtown II | |||
| 1-Bedroom | €529,000 | €1,395 | 3.16% |
| 2-Bedroom | €710,000 | €2,100 | 3.55% |
| Wetteraukreis | |||
| 1-Bedroom | €258,000 | €729 | 3.39% |
| 2-Bedroom | €399,000 | €950 | 2.86% |
| 3-Bedroom | €470,000 | €1,270 | 3.24% |
| Frankfurt am Main avg. Rental Yields | 3.59% | ||
| STUTTGART - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Stuttgart (all locations) | |||
| Studio | €169,000 | €770 | 5.47% |
| 1-Bedroom | €259,000 | €1,050 | 4.86% |
| 2-Bedroom | €339,000 | €1,259 | 4.46% |
| 3-Bedroom | €598,000 | €1,780 | 3.57% |
| 4+Bedroom | €720,000 | €2,129 | 3.55% |
| Stuttgart avg. Rental Yields | 4.38% | ||
| MUNICH - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| District of Munich | |||
| 1-Bedroom | €459,000 | €1,284 | 3.36% |
| 2-Bedroom | €669,500 | €1,650 | 2.96% |
| 3-Bedroom | €832,000 | €2,000 | 2.88% |
| Bogenhausen | |||
| 1-Bedroom | €449,000 | €1,550 | 4.14% |
| 2-Bedroom | €699,000 | €2,150 | 3.69% |
| District Fürstenfeldbruck | |||
| 1-Bedroom | €370,000 | €1,180 | 3.83% |
| 2-Bedroom | €458,000 | €1,400 | 3.67% |
| Munich avg. Rental Yields | 3.50% | ||
| HAMBURG - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Wandsbek (district) | |||
| 1-Bedroom | €336,890 | €990 | 3.53% |
| 2-Bedroom | €420,000 | €1,395 | 3.99% |
| Hamburg-Nord | |||
| 1-Bedroom | €380,000 | €900 | 2.84% |
| 2-Bedroom | €685,000 | €1,351 | 2.37% |
| Eimsbüttel (district) | |||
| 1-Bedroom | €376,000 | €913 | 2.91% |
| 2-Bedroom | €450,000 | €1,400 | 3.73% |
| Pinneberg District | |||
| 1-Bedroom | €220,000 | €762 | 4.16% |
| 2-Bedroom | €269,000 | €915 | 4.08% |
| Altona | |||
| 1-Bedroom | €470,000 | €830 | 2.12% |
| 2-Bedroom | €680,000 | €1,263 | 2.23% |
| Hamburg avg. Rental Yields | 3.20% | ||
| LEIPZIG - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €235,000 | €785 | 4.01% |
| 2-Bedroom | €336,000 | €1,364 | 4.87% |
| Leipzig (all locations) | |||
| Studio | €113,000 | €442 | 4.69% |
| 1-Bedroom | €169,400 | €695 | 4.92% |
| 2-Bedroom | €260,000 | €800 | 3.69% |
| 3-Bedroom | €490,000 | €1,548 | 3.79% |
| Leipzig avg. Rental Yields | 4.28% | ||
| COLOGNE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €346,000 | €890 | 3.09% |
| 2-Bedroom | €579,000 | €1,200 | 2.49% |
| Cologne (all locations) | |||
| Studio | €169,000 | €595 | 4.22% |
| 1-Bedroom | €288,000 | €815 | 3.40% |
| 2-Bedroom | €469,000 | €1,149 | 2.94% |
| 3-Bedroom | €625,000 | €1,650 | 3.17% |
| Cologne avg. Rental Yields | 3.43% | ||
| DÜSSELDORF - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €299,000 | €826 | 3.32% |
| 2-Bedroom | €559,000 | €1,400 | 3.01% |
| Düsseldorf (all locations) | |||
| Studio | €175,000 | €630 | 4.32% |
| 1-Bedroom | €280,000 | €810 | 3.47% |
| 2-Bedroom | €449,000 | €1,128 | 3.01% |
| 3-Bedroom | €829,000 | €2,000 | 2.90% |
| Düsseldorf avg. Rental Yields | 3.43% | ||
| 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 |
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Germany'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 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).