Gross rental yields in Germany: Berlin and 7 other cities

The average gross rental yield in Germany stands at 3.74% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 3.55%.

  • Berlin
  • Frankfurt
  • Stuttgart
  • Munich
  • Hamburg
  • Leipzig
  • Cologne
  • Düsseldorf
  Last Updated: Jan. 24, 2024
BERLIN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Charlottenburg-Wilmersdorf  
Studio €240,000 €990 4.95%
1-Bedroom €381,000 €1,400 4.41%
2-Bedroom €647,000 €2,000 3.71%
3-Bedroom €935,000 €3,465 4.45%
Pankow (district)      
Studio €208,465 €807 4.65%
1-Bedroom €320,000 €827 3.10%
2-Bedroom €595,000 €1,500 3.03%
Mitte (district)      
Studio €219,245 €775 4.24%
1-Bedroom €355,000 €1,300 4.39%
2-Bedroom €679,500 €2,166 3.83%
3-Bedroom €950,000 €2,899 3.66%
Friedrichshain-Kreuzberg      
Studio €225,000 €735 3.92%
1-Bedroom €359,000 €860 2.87%
2-Bedroom €635,000 €1,705 3.22%
3-Bedroom €879,900 €2,600 3.55%
Tempelhof-Schöneberg      
Studio €220,500 €750 4.08%
1-Bedroom €325,000 €850 3.14%
2-Bedroom €439,000 €1,741 4.76%
Treptow-Köpenick  
Studio €225,000 €630 3.36%
1-Bedroom €290,000 €1,000 4.14%
2-Bedroom €497,300 €1,407 3.40%
Potsdam  
1-Bedroom €280,000 €850 3.64%
2-Bedroom €419,000 €1,575 4.51%
Neukölln (district)  
Studio €219,000 €610 3.34%
1-Bedroom €262,000 €656 3.00%
2-Bedroom €375,000 €1,347 4.31%
Berlin avg. Rental Yields 3.83%
FRANKFURT - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
District of Offenbach  
1-Bedroom €225,000 €799 4.26%
2-Bedroom €299,000 €1,095 4.39%
3-Bedroom €480,000 €1,390 3.48%
Main-Kinzig District      
1-Bedroom €282,000 €770 3.28%
2-Bedroom €276,500 €990 4.30%
3-Bedroom €388,000 €1,280 3.96%
Main-Taunus-Kreis      
1-Bedroom €304,500 €800 3.15%
2-Bedroom €399,000 €1,100 3.31%
3-Bedroom €700,500 €1,445 2.48%
Hochtaunuskreis      
1-Bedroom €278,000 €830 3.58%
2-Bedroom €459,000 €1,358 3.55%
3-Bedroom €689,450 €1,790 3.12%
Offenbach am Main      
1-Bedroom €360,000 €900 3.00%
2-Bedroom €319,000 €1,235 4.65%
3-Bedroom €495,000 €1,510 3.66%
Groß-Gerau district  
1-Bedroom €195,000 €729 4.49%
2-Bedroom €279,000 €1,150 4.95%
Downtown II      
1-Bedroom €549,950 €1,387 3.03%
2-Bedroom €739,500 €1,880 3.05%
Wetteraukreis      
1-Bedroom €241,000 €700 3.49%
2-Bedroom €327,000 €900 3.30%
3-Bedroom €449,000 €1,245 3.33%
Frankfurt am Main avg. Rental Yields 3.63%
STUTTGART - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Stuttgart (all locations)  
Studio €169,000 €745 5.29%
1-Bedroom €270,000 €1,030 4.58%
2-Bedroom €347,000 €1,225 4.24%
3-Bedroom €525,000 €1,722 3.94%
4+Bedroom €750,000 €2,240 3.58%
Stuttgart avg. Rental Yields 4.32%
MUNICH - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
District of Munich  
1-Bedroom €437,350 €1,193 3.27%
2-Bedroom €660,000 €1,730 3.15%
3-Bedroom €886,000 €1,970 2.67%
Bogenhausen      
1-Bedroom €544,500 €1,550 3.42%
2-Bedroom €755,000 €2,137 3.40%
District Fürstenfeldbruck      
1-Bedroom €390,000 €1,075 3.31%
2-Bedroom €465,000 €1,410 3.64%
Munich avg. Rental Yields 3.26%
HAMBURG - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Wandsbek (district)  
1-Bedroom €298,000 €950 3.83%
2-Bedroom €424,900 €1,400 3.95%
Hamburg-Nord      
Studio €257,550 €700 3.26%
1-Bedroom €357,000 €902 3.03%
2-Bedroom €712,000 €1,200 2.02%
Eimsbüttel (district)      
1-Bedroom €339,000 €850 3.01%
2-Bedroom €455,708 €1,325 3.49%
Pinneberg District      
1-Bedroom €269,500 €645 2.87%
2-Bedroom €315,000 €963 3.67%
Altona      
1-Bedroom €395,000 €1,087 3.30%
2-Bedroom €715,000 €1,450 2.43%
Hamburg avg. Rental Yields 3.17%
LEIPZIG - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €232,000 €789 4.08%
2-Bedroom €379,500 €1,215 3.84%
Leipzig (all locations)      
Studio €112,415 €405 4.32%
1-Bedroom €159,000 €681 5.14%
2-Bedroom €260,000 €925 4.27%
3-Bedroom €470,112 €1,564 3.99%
Leipzig avg. Rental Yields 4.43%
COLOGNE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €348,000 €855 2.95%
2-Bedroom €469,250 €1,535 3.93%
Cologne (all locations)      
Studio €165,000 €550 4.00%
1-Bedroom €289,000 €800 3.32%
2-Bedroom €400,000 €1,251 3.75%
3-Bedroom €599,450 €1,750 3.50%
Cologne avg. Rental Yields 3.64%
DÜSSELDORF - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €324,500 €950 3.51%
2-Bedroom €579,900 €1,468 3.04%
Düsseldorf (all locations)      
Studio €145,000 €600 4.97%
1-Bedroom €273,750 €850 3.73%
2-Bedroom €419,450 €1,230 3.52%
3-Bedroom €790,000 €1,610 2.45%
Düsseldorf avg. Rental Yields 3.66%
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
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).

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