Gross rental yields in Brazil: Sao Paulo and 4 other cities

The average gross rental yield in Brazil stands at 5.62% (Q3, 2024). Previously, in Q1, 2024 the average gross rental yield stood at 6.24%.

  • Sao Paulo
  • Rio de Janeiro
  • Fortaleza
  • Guarapari
  • Recife
  • Vitoria
  Last Updated: July 11, 2024
SAO PAULO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom $56,641 $329 6.97%
2-Bedroom $78,566 $439 6.71%
3-Bedroom $142,515 $694 5.84%
Brooklin (North and South)      
1-Bedroom $116,726 $725 7.45%
2-Bedroom $216,970 $1,462 8.09%
3-Bedroom $338,130 $2,010 7.13%
4-Bedroom $548,135 $2,284 5.00%
Vila Olimpia      
1-Bedroom $143,977 $840 7.00%
2-Bedroom $210,953 $1,231 7.76%
3-Bedroom $358,846 $2,193 7.33%
4-Bedroom $639,491 $3,837 7.20%
Jardim Europa      
1-Bedroom $134,293 $914 8.17%
2-Bedroom $420,237 $2,375 6.78%
3-Bedroom $822,203 $3,197 4.67%
4-Bedroom $2,009,794 $7,308 4.36%
Sao Paulo avg. Rental Yields 6.70%
RIO DE JANEIRO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Center - Centro  
1-Bedroom $52,256 $259 5.95%
Ipanema  
2-Bedroom $334,363 $1,644 5.90%
3-Bedroom $509,766 $2,010 4.73%
4-Bedroom $820,376 $3,837 5.61%
Leblon      
3-Bedroom $493,322 $2,558 6.22%
4-Bedroom $1,004,915 $4,202 5.02%
Rio De Janeiro (all locations) avg. Rental Yields 5.57%
FORTALEZA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Fortaleza (all locations)  
2-Bedroom $63,426 $201 3.80%
3-Bedroom $118,673 $364 3.68%
4-Bedroom $357,932 $659 2.21%
Fortaleza (all locations) avg. Rental Yields 3.23%
GUARAPARI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Guarapari (all locations)  
1-Bedroom $45,961 $221 5.77%
2-Bedroom $101,114 $460 5.46%
3-Bedroom $156,268 $699 5.37%
4-Bedroom $316,211 $827 3.14%
Guarapari (all locations) avg. Rental Yields 4.93%
RECIFE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Recife (all locations)  
1-Bedroom $60,668 $460 9.10%
2-Bedroom $70,410 $607 10.35%
3-Bedroom $105,973 $676 7.65%
4-Bedroom $253,056 $1,498 7.10%
Recife (all locations) avg. Rental Yields 8.55%
VITORIA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Vitoria (all locations)  
2-Bedroom $126,071 $539 5.13%
3-Bedroom $179,058 $639 4.28%
Vitoria (all locations) avg. Rental Yields 4.71%
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 Imovelweb
Brazil´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 Brazil. We used the local real estate listing 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).

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