Average gross rental yields in Turkey stands at 5.44% (Q2, 2023).

• Istanbul
• Antalya
• Izmir
• Ankara
• Adana
• Konya
• Kayseri

		Last Updated: July 13, 2023
ISTANBUL - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Kadıköy
1-Bedroom	$183,369	$957	6.26%
2-Bedroom	$276,383	$957	4.16%
3-Bedroom	$393,048	$1,169	3.57%
4+Bedroom	$730,819	$2,179	3.58%
Maltepe
2-Bedroom	$140,849	$638	5.44%
3-Bedroom	$186,027	$797	5.14%
Esenyurt
1-Bedroom	$60,592	$345	6.83%
2-Bedroom	$56,871	$345	7.28%
3-Bedroom	$79,673	$505	7.61%
Şişli
1-Bedroom	$146,164	$611	5.02%
2-Bedroom	$150,150	$845	6.75%
3-Bedroom	$225,890	$1,116	5.93%
Beylikdüzü
1-Bedroom	$69,096	$372	6.46%
2-Bedroom	$86,449	$532	7.38%
3-Bedroom	$148,821	$718	5.79%
4+Bedroom	$225,890	$1,063	5.65%
Sarıyer
Studio	$223,232	$904	4.86%
1-Bedroom	$292,328	$1,063	4.36%
2-Bedroom	$403,434	$1,329	3.95%
3-Bedroom	$597,943	$2,126	4.27%
4+Bedroom	$781,312	$2,658	4.08%
Küçükçekmece
1-Bedroom	$93,013	$505	6.52%
2-Bedroom	$95,538	$425	5.34%
3-Bedroom	$143,506	$571	4.77%
Kağıthane
1-Bedroom	$124,904	$771	7.41%
2-Bedroom	$116,931	$691	7.09%
3-Bedroom	$186,027	$797	5.14%
Istanbul avg. Rental Yields			5.58%
ANKARA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Çankaya
1-Bedroom	$93,013	$292	3.77%
2-Bedroom	$94,342	$452	5.75%
3-Bedroom	$111,616	$452	4.86%
4+Bedroom	$224,561	$797	4.26%
Keçiören
2-Bedroom	$43,530	$274	7.55%
3-Bedroom	$66,438	$239	4.32%
4+Bedroom	$119,589	$332	3.33%
Mamak
1-Bedroom	$22,057	$98	5.33%
2-Bedroom	$39,863	$213	6.41%
3-Bedroom	$61,123	$239	4.69%
4+Bedroom	$93,014	$298	3.84%
Etimesgut
1-Bedroom	$71,222	$332	5.59%
2-Bedroom	$53,151	$266	6.01%
3-Bedroom	$74,145	$292	4.73%
4+Bedroom	$156,794	$518	3.96%
Sincan
2-Bedroom	$39,863	$239	7.19%
3-Bedroom	$53,097	$213	4.81%
Yenimahalle
2-Bedroom	$77,201	$292	4.54%
3-Bedroom	$98,328	$345	4.21%
4+Bedroom	$160,780	$532	3.97%
Altındağ
2-Bedroom	$38,401	$140	4.37%
3-Bedroom	$60,857	$239	4.71%
Ankara avg. Rental Yields			4.92%
ANTALYA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Kepez
1-Bedroom	$69,096	$525	9.12%
2-Bedroom	$85,041	$532	7.51%
3-Bedroom	$116,931	$638	6.55%
Muratpaşa
1-Bedroom	$100,986	$691	8.21%
2-Bedroom	$124,904	$797	7.66%
3-Bedroom	$170,082	$917	6.47%
4+Bedroom	$239,177	$1,595	8.00%
Alanya
1-Bedroom	$132,876	$703	6.35%
2-Bedroom	$184,432	$771	5.02%
3-Bedroom	$246,379	$902	4.39%
4+Bedroom	$310,479	$1,036	4.00%
Konyaaltı
1-Bedroom	$135,534	$718	6.36%
2-Bedroom	$186,027	$1,010	6.52%
3-Bedroom	$265,753	$1,090	4.92%
4+Bedroom	$398,629	$1,595	4.80%
Finike
2-Bedroom	$100,986	$319	3.79%
3-Bedroom	$124,904	$452	4.34%
Antalya avg. Rental Yields			6.12%
IZMIR - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Karşıyaka
1-Bedroom	$95,671	$532	6.67%
2-Bedroom	$121,715	$558	5.50%
3-Bedroom	$159,452	$585	4.40%
Konak
2-Bedroom	$86,370	$425	5.90%
3-Bedroom	$119,589	$625	6.27%
Karabağlar
2-Bedroom	$77,733	$319	4.92%
3-Bedroom	$106,301	$425	4.80%
Buca
1-Bedroom	$59,529	$279	5.62%
2-Bedroom	$74,411	$319	5.14%
3-Bedroom	$95,671	$372	4.67%
Bornova
1-Bedroom	$93,013	$532	6.86%
2-Bedroom	$103,643	$438	5.07%
3-Bedroom	$127,561	$452	4.25%
Izmir avg. Rental Yields			5.39%
ADANA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Çukurova
1-Bedroom	$52,566	$252	5.75%
2-Bedroom	$78,556	$399	6.10%
3-Bedroom	$103,643	$501	5.80%
4+Bedroom	$152,808	$671	5.27%
Seyhan
1-Bedroom	$61,123	$226	4.44%
2-Bedroom	$71,753	$372	6.22%
3-Bedroom	$90,356	$558	7.41%
4+Bedroom	$146,164	$691	5.67%
Adana avg. Rental Yields			5.83%
KONYA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Konya (all locations)
1-Bedroom	$39,863	$239	7.19%
2-Bedroom	$53,151	$239	5.40%
3-Bedroom	$77,068	$266	4.14%
4+Bedroom	$124,904	$372	3.57%
Konya avg. Rental Yields			5.08%
BURSA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Bursa (all locations)
1-Bedroom	$45,178	$292	7.76%
2-Bedroom	$61,655	$286	5.57%
3-Bedroom	$100,986	$399	4.74%
4+Bedroom	$140,849	$684	5.83%
Bursa avg. Rental Yields			5.97%
KAYSERI - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Kayseri (all locations)
2-Bedroom	$41,192	$247	7.20%
3-Bedroom	$61,123	$213	4.18%
4+Bedroom	$104,653	$319	3.66%
Kayseri 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 Emlakjet

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 Turkey. We utilized 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).