Gross rental yields in Turkey: Istanbul and 7 other cities

Average gross rental yields in Turkey stands at 6.52% (Q3, 2023).

  • Istanbul
  • Antalya
  • Izmir
  • Ankara
  • Adana
  • Konya
  • Kayseri
  • Bursa
  Last Updated: Oct. 4, 2023
ISTANBUL - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kadıköy  
1-Bedroom $176,923 $729 4.94%
2-Bedroom $254,349 $912 4.30%
3-Bedroom $381,205 $1,277 4.02%
4+Bedroom $654,796 $2,262 4.15%
Maltepe  
1-Bedroom $111,261 $547 5.90%
2-Bedroom $144,092 $675 5.62%
3-Bedroom $173,275 $730 5.06%
Esenyurt  
1-Bedroom $54,718 $365 8.00%
2-Bedroom $57,710 $420 8.73%
3-Bedroom $83,901 $547 7.82%
Şişli  
1-Bedroom $96,669 $657 8.16%
2-Bedroom $122,204 $803 7.89%
3-Bedroom $253,528 $1,021 4.83%
Beylikdüzü  
1-Bedroom $66,392 $474 8.57%
2-Bedroom $72,958 $547 9.00%
3-Bedroom $134,899 $657 5.84%
4+Bedroom $205,176 $958 5.60%
Sarıyer  
1-Bedroom $238,937 $565 2.84%
2-Bedroom $273,592 $1,076 4.72%
3-Bedroom $395,796 $1,824 5.53%
Küçükçekmece  
1-Bedroom $83,901 $474 6.78%
2-Bedroom $93,003 $511 6.59%
3-Bedroom $145,824 $839 6.90%
Kağıthane  
1-Bedroom $98,493 $561 6.84%
2-Bedroom $105,789 $657 7.45%
3-Bedroom $153,211 $671 5.26%
Istanbul avg. Rental Yields 6.21%
ANKARA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çankaya  
1-Bedroom $133,148 $620 5.59%
2-Bedroom $109,437 $730 8.00%
3-Bedroom $123,116 $693 6.75%
4+Bedroom $232,553 $1,040 5.37%
Keçiören  
2-Bedroom $55,703 $470 10.13%
3-Bedroom $82,990 $474 6.85%
4+Bedroom $136,796 $675 5.92%
Mamak  
2-Bedroom $50,341 $401 9.56%
3-Bedroom $72,593 $456 7.54%
4+Bedroom $109,437 $565 6.20%
Etimesgut  
2-Bedroom $78,411 $456 6.98%
3-Bedroom $93,477 $529 6.79%
4+Bedroom $144,456 $693 5.76%
Sincan  
2-Bedroom $52,128 $378 8.70%
3-Bedroom $65,115 $438 8.07%
Yenimahalle  
2-Bedroom $88,461 $547 7.42%
3-Bedroom $107,613 $575 6.41%
4+Bedroom $175,099 $803 5.50%
Altındağ  
2-Bedroom $45,599 $301 7.92%
3-Bedroom $72,958 $456 7.50%
Ankara avg. Rental Yields 7.15%
ANTALYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kepez  
1-Bedroom $69,310 $464 8.03%
2-Bedroom $85,725 $492 6.89%
3-Bedroom $112,173 $547 5.85%
Muratpaşa  
1-Bedroom $96,669 $383 4.75%
2-Bedroom $116,733 $620 6.37%
3-Bedroom $164,155 $730 5.34%
4+Bedroom $288,183 $1,021 4.25%
Alanya  
1-Bedroom $134,790 $547 4.87%
2-Bedroom $186,042 $657 4.24%
3-Bedroom $273,592 $730 3.20%
4+Bedroom $346,550 $912 3.16%
Konyaaltı  
1-Bedroom $118,921 $547 5.52%
2-Bedroom $178,564 $730 4.91%
3-Bedroom $236,201 $912 4.63%
4+Bedroom $410,388 $1,277 3.73%
Antalya avg. Rental Yields 5.05%
IZMIR - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Karşıyaka  
1-Bedroom $90,741 $529 7.00%
2-Bedroom $109,437 $602 6.60%
3-Bedroom $164,155 $657 4.80%
Konak  
1-Bedroom $63,656 $328 6.18%
2-Bedroom $91,197 $620 8.16%
3-Bedroom $118,556 $730 7.39%
Karabağlar  
2-Bedroom $78,430 $401 6.14%
3-Bedroom $108,707 $547 6.04%
Buca  
1-Bedroom $57,089 $365 7.67%
2-Bedroom $78,430 $456 6.98%
3-Bedroom $103,965 $547 6.31%
Bornova  
1-Bedroom $102,141 $611 7.18%
2-Bedroom $100,317 $474 5.67%
3-Bedroom $131,324 $547 5.00%
Izmir avg. Rental Yields 6.51%
ADANA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çukurova  
1-Bedroom $54,171 $337 7.47%
2-Bedroom $69,128 $474 8.23%
3-Bedroom $98,493 $601 7.32%
4+Bedroom $153,211 $784 6.14%
Seyhan  
1-Bedroom $59,917 $283 5.67%
2-Bedroom $69,128 $547 9.50%
3-Bedroom $92,109 $648 8.44%
4+Bedroom $163,973 $722 5.28%
Adana avg. Rental Yields 7.26%
KONYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Konya (all locations)  
1-Bedroom $46,784 $319 8.18%
2-Bedroom $65,115 $401 7.39%
3-Bedroom $91,197 $474 6.24%
4+Bedroom $145,186 $657 5.43%
Konya avg. Rental Yields 6.81%
BURSA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Bursa (all locations)  
1-Bedroom $48,152 $310 7.73%
2-Bedroom $60,920 $401 7.90%
3-Bedroom $102,141 $547 6.43%
4+Bedroom $142,268 $730 6.16%
Bursa avg. Rental Yields 7.05%
KAYSERI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kayseri (all locations)  
2-Bedroom $50,706 $306 7.24%
3-Bedroom $64,750 $328 6.08%
4+Bedroom $118,556 $511 5.17%
Kayseri avg. Rental Yields 6.16%
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).