Gross rental yields in Estonia: Tallinn, Tartu and Pärnu
The average gross rental yield in Estonia stands at 4.74% (2023, Q3).
- Tallinn
- Tartu
- Pärnu
| Last Updated: Aug. 30, 2023 | |||
| TALLINN (combined) - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tallinn (combined) | |||
| Studio | €95,250 | €400 | 5.04% |
| 1-Bedroom | €169,349 | €650 | 4.61% |
| 3-Bedroom | €239,000 | €865 | 4.34% |
| 3+Bedroom | €349,500 | €1,495 | 5.13% |
| Tallinn (combined) avg. rental yields | 4.78% | ||
| TALLINN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | €142,000 | €470 | 3.97% |
| 1-Bedroom | €246,900 | €600 | 2.92% |
| 2-Bedroom | €309,000 | €1,000 | 3.88% |
| 3+Bedroom | €425,000 | €2,000 | 5.65% |
| Põhja-Tallinn | |||
| Studio | €98,950 | €390 | 4.73% |
| 1-Bedroom | €165,000 | €650 | 4.73% |
| 2-Bedroom | €299,950 | €1,100 | 4.40% |
| 3+Bedroom | €454,450 | €1,550 | 4.09% |
| Mustamäe | |||
| Studio | €69,000 | €400 | 6.96% |
| 1-Bedroom | €127,800 | €550 | 5.16% |
| 2-Bedroom | €189,000 | €650 | 4.13% |
| Tallinn apartments avg. rental yields | 4.60% | ||
| TARTU - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Tartu (all locations) | |||
| Studio | €75,950 | €340 | 5.37% |
| 1-Bedroom | €134,950 | €475 | 4.22% |
| 2-Bedroom | €168,950 | €650 | 4.62% |
| Tartu avg. rental yields | 4.74% | ||
| PÄRNU - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Pärnu (all locations) | |||
| Studio | €97,600 | €380 | 4.67% |
| 1-Bedroom | €129,900 | €460 | 4.25% |
| 2-Bedroom | €165,300 | €713 | 5.18% |
| Pärnu avg. rental yields | 4.70% | ||
| 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 kv.ee |
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Estonia´s Historic Rental Yield Data
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 Estonia. 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).