Gross rental yields in Switzerland: Zurich and 7 other cities

The average gross rental yield in Switzerland stands at 3.08% (2023, Q3).

  • Zurich
  • Valais
  • Bern
  • Geneva
  • Aargau
  • Fribourg
  • Vaud
  • Ticino
  Last Updated: Aug. 30, 2023
CANTON OF ZURICH - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Zurich (all locations)  
1-Bedroom €805,010 €2,623 3.91%
2-Bedroom €1,038,722 €2,566 2.96%
3-Bedroom €1,251,660 €2,701 2.59%
4+Bedroom €1,417,337 €3,532 2.99%
Canton of Zurich avg. Rental Yields 3.11%
CANTON OF GENEVA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Geneva (all locations)  
1-Bedroom €820,591 €2,732 4.00%
2-Bedroom €1,098,449 €2,348 2.57%
3-Bedroom €1,443,824 €3,251 2.70%
4+Bedroom €2,337,125 €4,508 2.31%
Canton of Geneva avg. Rental Yields 2.89%
CANTON OF VAUD - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Vaud (all locations)  
Studio €545,376 €1,085 2.39%
1-Bedroom €550,522 €1,589 3.46%
2-Bedroom €794,622 €1,922 2.90%
3-Bedroom €1,124,417 €2,373 2.53%
4+Bedroom €1,604,826 €3,163 2.37%
Canton of Vaud avg. Rental Yields 2.73%
CANTON OF TICINO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Ticino (all locations)  
Studio €522,332 €935 2.15%
1-Bedroom €503,780 €1,309 3.12%
2-Bedroom €683,822 €1,548 2.72%
3-Bedroom €1,017,948 €1,776 2.09%
4+Bedroom €1,807,377 €3,874 2.57%
Canton of Ticino avg. Rental Yields 2.53%
CANTON OF VALAIS - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Valais (all locations)  
Studio €218,132 €914 5.03%
1-Bedroom €388,482 €1,278 3.95%
2-Bedroom €534,942 €1,665 3.73%
3-Bedroom €685,557 €1,922 3.36%
4+Bedroom €1,142,595 €3,952 4.15%
Canton of Valais avg. Rental Yields 4.05%
CANTON OF BERN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Bern (all locations)  
1-Bedroom €491,666 €1,445 3.53%
2-Bedroom €636,534 €1,403 2.64%
3-Bedroom €789,822 €1,715 2.61%
4+Bedroom €932,717 €2,286 2.94%
Canton of Bern avg. Rental Yields 2.93%
CANTON OF AARGAU - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Aargau (all locations)  
1-Bedroom €737,777 €1,554 2.53%
2-Bedroom €688,496 €1,808 3.15%
3-Bedroom €852,176 €1,988 2.80%
4+Bedroom €1,122,378 €3,834 4.10%
Canton of Aargau avg. Rental Yields 3.14%
CANTON OF FRIBOURG - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Fribourg (all locations)  
1-Bedroom €436,481 €1,341 3.69%
2-Bedroom €607,955 €1,694 3.34%
3-Bedroom €753,448 €1,912 3.05%
4+Bedroom €1,452,493 €3,476 2.87%
Canton of Fribourg avg. Rental Yields 3.24%
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 Immoscout24

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 Switzerland. We used the local 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).