Gross rental yields in Colombia: Bogota and 6 other cities
The average gross rental yield in Colombia stands at 7.24% (Q1, 2024). Previously, in Q2, 2023 the average gross rental yield stood at 7.70%.
- Bogota
- Medellin
- Cali
- Barranquilla
- Cartagena
- Santa Marta
- Bello
| Last Updated: Mar. 18, 2024 | |||
| BOGOTÁ - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Usaquen | |||
| 1-Bedroom | $95,190 | $478 | 6.03% |
| 2-Bedroom | $132,776 | $745 | 6.73% |
| 3-Bedroom | $209,308 | $1,540 | 8.83% |
| 4+Bedroom | $436,594 | $3,595 | 9.88% |
| Chapinero | |||
| 1-Bedroom | $79,614 | $424 | 6.39% |
| 2-Bedroom | $118,137 | $783 | 7.95% |
| 3-Bedroom | $223,433 | $1,669 | 8.96% |
| 4+Bedroom | $352,711 | $2,835 | 9.65% |
| Bogotá avg. Rental Yields | 8.05% | ||
| MEDELLÍN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| El Poblado | |||
| 1-Bedroom | $141,251 | $950 | 8.07% |
| 2-Bedroom | $166,933 | $1,155 | 8.30% |
| 3-Bedroom | $195,183 | $1,310 | 8.05% |
| 4+Bedroom | $321,025 | $2,003 | 7.49% |
| Laureles | |||
| 1-Bedroom | $89,887 | $488 | 6.51% |
| 2-Bedroom | $140,737 | $848 | 7.23% |
| 3-Bedroom | $174,124 | $1,079 | 7.44% |
| 4+Bedroom | $213,160 | $1,413 | 7.95% |
| All Locations | |||
| 1-Bedroom | $110,432 | $770 | 8.37% |
| 2-Bedroom | $123,273 | $1,002 | 9.75% |
| 3-Bedroom | $159,228 | $1,156 | 8.71% |
| 4+Bedroom | $205,456 | $1,670 | 9.75% |
| Medellín avg. Rental Yields | 9.15% | ||
| CALI - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| All Locations | |||
| 1-Bedroom | $68,057 | $257 | 4.53% |
| 2-Bedroom | $56,500 | $308 | 6.54% |
| 3-Bedroom | $87,318 | $437 | 6.01% |
| 4+Bedroom | $177,206 | $1,027 | 6.95% |
| Cali avg. Rental Yields | 6.01% | ||
| BARRANQUILLA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Barranquilla (all locations) | |||
| 1-Bedroom | $68,897 | $450 | 7.84% |
| 2-Bedroom | $66,773 | $385 | 6.92% |
| 3-Bedroom | $110,432 | $590 | 6.41% |
| 4+Bedroom | $195,697 | $1,130 | 6.93% |
| Barranquilla (all locations) avg. Rental Yields | 7.02% | ||
| CARTAGENA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cartagena (all locations) | |||
| 1-Bedroom | $113,000 | $642 | 6.82% |
| 2-Bedroom | $154,092 | $755 | 5.88% |
| 3-Bedroom | $160,512 | $899 | 6.72% |
| 4+Bedroom | $231,138 | $1,284 | 6.67% |
| Cartagena (all locations) avg. Rental Yields | 6.52% | ||
| PEREIRA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Pereira (all locations) | |||
| 1-Bedroom | $64,205 | $385 | 7.20% |
| 2-Bedroom | $77,046 | $437 | 6.81% |
| 3-Bedroom | $82,182 | $488 | 7.13% |
| 4+Bedroom | $115,569 | $681 | 7.07% |
| Pereira (all locations) avg. Rental Yields | 7.05% | ||
| BELLO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Bello (all locations) | |||
| 1-Bedroom | $55,216 | $283 | 6.15% |
| 2-Bedroom | $64,205 | $411 | 7.68% |
| 3-Bedroom | $71,909 | $425 | 7.09% |
| Bello (all locations) avg. Rental Yields | 6.97% | ||
| SANTA MARTA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Santa Marta (all locations) | |||
| 1-Bedroom | $97,591 | $501 | 6.16% |
| 2-Bedroom | $138,297 | $931 | 8.08% |
| Santa Marta (all locations) avg. Rental Yields | 7.12% | ||
| 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 Metrocuadrado |
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Colombia'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 Colombia. 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).