Gross rental yields in Turkey: Istanbul and 7 other cities

Average gross rental yields in Turkey stands at 6.36% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 6.52%.

  • Istanbul
  • Antalya
  • Izmir
  • Ankara
  • Adana
  • Konya
  • Kayseri
  • Bursa
  Last Updated: Jan. 23, 2024
ISTANBUL - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kadıköy  
1-Bedroom $161,190 $764 5.69%
2-Bedroom $227,660 $1,063 5.60%
3-Bedroom $355,448 $1,163 3.93%
Maltepe  
1-Bedroom $108,014 $615 6.83%
2-Bedroom $137,925 $706 6.14%
3-Bedroom $177,807 $798 5.39%
Esenyurt  
1-Bedroom $48,191 $332 8.27%
2-Bedroom $54,837 $366 8.01%
3-Bedroom $79,730 $499 7.51%
Şişli  
1-Bedroom $78,102 $465 7.14%
2-Bedroom $106,352 $698 7.88%
3-Bedroom $199,410 $997 6.00%
Beylikdüzü  
1-Bedroom $66,436 $478 8.63%
2-Bedroom $76,407 $515 8.09%
3-Bedroom $126,260 $665 6.32%
4+Bedroom $192,763 $897 5.58%
Küçükçekmece  
1-Bedroom $71,455 $432 7.25%
2-Bedroom $83,419 $445 6.40%
3-Bedroom $124,631 $598 5.76%
Kağıthane  
1-Bedroom $85,746 $532 7.45%
2-Bedroom $103,028 $565 6.58%
3-Bedroom $149,557 $665 5.34%
Istanbul avg. Rental Yields 6.63%
ANKARA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çankaya  
1-Bedroom $99,650 $598 7.20%
2-Bedroom $104,632 $598 6.86%
3-Bedroom $117,919 $664 6.76%
4+Bedroom $239,160 $1,063 5.33%
Keçiören  
2-Bedroom $52,814 $353 8.02%
3-Bedroom $80,351 $415 6.20%
4+Bedroom $131,620 $664 6.05%
Mamak  
2-Bedroom $49,791 $365 8.80%
3-Bedroom $68,094 $415 7.31%
4+Bedroom $107,954 $498 5.54%
Etimesgut  
2-Bedroom $73,076 $406 6.67%
3-Bedroom $84,004 $465 6.64%
4+Bedroom $171,896 $781 5.45%
Sincan  
2-Bedroom $50,821 $349 8.24%
3-Bedroom $63,111 $399 7.59%
Yenimahalle  
2-Bedroom $87,193 $515 7.09%
3-Bedroom $106,293 $498 5.62%
4+Bedroom $172,709 $814 5.66%
Altındağ  
2-Bedroom $45,141 $302 8.03%
3-Bedroom $74,737 $415 6.66%
Ankara avg. Rental Yields 6.79%
ANTALYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kepez  
1-Bedroom $61,485 $399 7.79%
2-Bedroom $83,087 $432 6.24%
3-Bedroom $106,352 $499 5.63%
Muratpaşa  
1-Bedroom $85,746 $465 6.51%
2-Bedroom $112,999 $499 5.30%
3-Bedroom $154,509 $665 5.16%
Alanya  
1-Bedroom $120,005 $432 4.32%
2-Bedroom $167,505 $499 3.57%
3-Bedroom $244,277 $598 2.94%
4+Bedroom $300,361 $897 3.58%
Konyaaltı  
1-Bedroom $112,832 $465 4.95%
2-Bedroom $182,792 $602 3.95%
3-Bedroom $224,336 $773 4.13%
4+Bedroom $398,820 $1,047 3.15%
Antalya avg. Rental Yields 4.80%
IZMIR - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Karşıyaka  
1-Bedroom $91,231 $498 6.55%
2-Bedroom $99,525 $539 6.50%
3-Bedroom $149,288 $664 5.34%
Konak  
1-Bedroom $63,862 $498 9.36%
2-Bedroom $82,938 $581 8.41%
3-Bedroom $109,478 $664 7.28%
Karabağlar  
2-Bedroom $72,985 $415 6.82%
3-Bedroom $102,013 $498 5.86%
Buca  
1-Bedroom $54,739 $315 6.91%
2-Bedroom $76,302 $406 6.39%
3-Bedroom $101,184 $498 5.91%
Bornova  
1-Bedroom $101,184 $481 5.70%
2-Bedroom $111,136 $464 5.01%
3-Bedroom $116,113 $531 5.49%
Izmir avg. Rental Yields 6.54%
ADANA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çukurova  
1-Bedroom $53,176 $332 7.49%
2-Bedroom $64,758 $399 7.39%
3-Bedroom $90,565 $554 7.34%
4+Bedroom $159,528 $831 6.25%
Seyhan  
1-Bedroom $56,500 $283 6.01%
2-Bedroom $66,470 $432 7.80%
3-Bedroom $91,396 $499 6.55%
4+Bedroom $164,513 $711 5.19%
Adana avg. Rental Yields 6.75%
KONYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Konya (all locations)  
1-Bedroom $46,030 $332 8.66%
2-Bedroom $59,823 $341 6.84%
3-Bedroom $86,411 $432 6.00%
4+Bedroom $139,587 $532 4.57%
Konya avg. Rental Yields 6.52%
BURSA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Bursa (all locations)  
1-Bedroom $45,748 $299 7.84%
2-Bedroom $61,374 $377 7.37%
3-Bedroom $97,866 $498 6.11%
4+Bedroom $136,018 $664 5.86%
Bursa avg. Rental Yields 6.79%
KAYSERI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kayseri (all locations)  
2-Bedroom $48,933 $315 7.72%
3-Bedroom $62,203 $299 5.77%
4+Bedroom $107,819 $431 4.80%
Kayseri avg. Rental Yields 6.10%
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).