Gross rental yields in Norway: Oslo, Bergen and Trondheim

The average gross rental yield in Norway stands at 4.19% (Q3, 2023). Previously, in Q3, 2023 the average gross rental yield stood at 3.79%.

  • Oslo
  • Bergen
  • Trondheim
  Last Updated: June 19, 2024  
OSLO - Apartments COST (€) YIELD (p.a.)  
TO BUY MONTHLY RENT  
Oslo - All Locations    
1-Bedroom €392,718 €760 2.32%  
2-Bedroom €586,349 €1,750 3.58%  
3-Bedroom €804,198 €2,145 3.20%  
4-Bedroom €856,309 €2,663 3.73%  
Oslo avg. Rental Yields 3.21%  
BERGEN - Apartments COST (€) YIELD (p.a.)  
TO BUY MONTHLY RENT  
Bergen (all locations)    
1-Bedroom €251,746 €560 2.67%  
2-Bedroom €338,995 €1,420 5.03%  
3-Bedroom €357,707 €1,603 5.38%  
4-Bedroom €393,534 €2,134 6.51%  
Bergen avg. Rental Yields 4.90%  
TRONDHEIM - Apartments COST (€) YIELD (p.a.)  
TO BUY MONTHLY RENT  
Trondheim (all locations)    
1-Bedroom €222,369 €563 3.04%  
2-Bedroom €306,787 €1,252 4.90%  
3-Bedroom €406,681 €1,452 4.28%  
4-Bedroom €460,146 €2,145 5.59%  
Trondheim avg. Rental Yields 4.45%  
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, Rentberry and PrivatMegleren
Norway´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 Norway. We used the local real estate listing 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).