Gross rental yields in Montenegro: Podgorica and 2 other cities
The average gross rental yield in Montenegro stands at 5.61% (Q3, 2024). Previously, in Q3 2023 the rental yield was 5.95%.
Cities and areas compared
- Podgorica
- Tivat
- Budva
Historical rental yields in Montenegro
View the full rental yield dataset (2022 - Present)
| Last Updated: July 04, 2024 Next Update: Apr. 2025 |
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| PODGORICA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Podgorica (all locations) | |||
| Studio | €52,000 | €330 | 7.62% |
| 1-Bedroom | €93,000 | €450 | 5.81% |
| 2-Bedroom | €124,000 | €700 | 6.77% |
| 3-Bedroom | €185,000 | €1,000 | 6.49% |
| Podgorica avg. Rental Yields | 6.67% | ||
| TIVAT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tivat (all locations) | |||
| 1-Bedroom | €220,000 | €1,000 | 5.45% |
| 2-Bedroom | €280,000 | €1,100 | 4.71% |
| Tivat avg. Rental Yields | 5.08% | ||
| BUDVA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Budva (all locations) | |||
| 1-Bedroom | €154,000 | €700 | 5.45% |
| 2-Bedroom | €240,485 | €1,100 | 5.49% |
| 3-Bedroom | €335,000 | €1,200 | 4.30% |
| Budva avg. Rental Yields | 5.08% | ||
| 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 Montenegro property market. We assess 1-bedroom, 2-bedroom, 3-bedroom 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.