Gross rental yields in Montenegro: Podgorica and 2 other cities
The average gross rental yield in Montenegro stands at 5.62% (Q2, 2025). Previously, in Q3 2024, the rental yield was 5.61%.
Cities and areas compared
- Podgorica
- Tivat
- Budva
Historical rental yields in Montenegro
View the full rental yield dataset (2022 - Present)
| Last Updated: June 12, 2025 Next Update: December 2025 |
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| PODGORICA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Podgorica (all locations) | |||
| Studio | €60,000 | €345 | 6.90% |
| 1-Bedroom | €92,850 | €500 | 6.46% |
| 2-Bedroom | €137,000 | €700 | 6.13% |
| 3-Bedroom | €198,000 | €1,000 | 6.06% |
| Podgorica avg. Rental Yields | 6.39% | ||
| TIVAT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tivat (all locations) | |||
| 1-Bedroom | €199,600 | €775 | 4.66% |
| 2-Bedroom | €270,000 | €1,000 | 4.44% |
| 3-Bedroom | €424,500 | €1,700 | 4.81% |
| Tivat avg. Rental Yields | 4.64% | ||
| BUDVA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Budva (all locations) | |||
| Studio | €80,018 | €450 | 6.75% |
| 1-Bedroom | €135,000 | €650 | 5.78% |
| 2-Bedroom | €219,900 | €1,000 | 5.46% |
| 3-Bedroom | €300,000 | €1,350 | 5.40% |
| Budva avg. Rental Yields | 5.85% | ||
| 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 Indomio |
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Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights into the Montenegro property market. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Montenegro, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.