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).