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).