Gross rental yields in Montenegro: Podgorica and 2 other cities
The average gross rental yield in Montenegro stands at 4.84% (Q2, 2026). Previously, in Q4 2025, the rental yield was 5.59%.
Cities and areas compared
- Podgorica
- Tivat
- Budva
Historical rental yields in Montenegro
| PODGORICA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Podgorica (all locations) | |||
| Studio | €75,000 | €350 | 5.60% |
| 1-Bedroom | €118,000 | €550 | 5.59% |
| 2-Bedroom | €175,000 | €700 | 4.80% |
| 3-Bedroom | €260,000 | €1,000 | 4.62% |
| Podgorica avg. Rental Yields | 5.15% | ||
| TIVAT - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tivat (all locations) | |||
| 1-Bedroom | €220,000 | €800 | 4.36% |
| 2-Bedroom | €275,000 | €1,000 | 4.36% |
| Tivat avg. Rental Yields | 4.36% | ||
| BUDVA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Budva (all locations) | |||
| Studio | €95,000 | €450 | 5.68% |
| 1-Bedroom | €145,000 | €650 | 5.38% |
| 2-Bedroom | €250,000 | €950 | 4.56% |
| 3-Bedroom | €380,000 | €1,400 | 4.42% |
| Budva avg. Rental Yields | 5.01% | ||
| 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 2Home |
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View the full rental yield dataset (2022 - Present)
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.
