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 rental yield was 7.70%.

Cities and areas compared
  • Bogota
  • Medellin
  • Cali
  • Barranquilla
  • Cartagena
  • Santa Marta
  • Bello
Historical rental yields in Colombia

View the full rental yield dataset (2023 - Present)


  Last Updated: Mar. 18, 2024
Next Update: April 2025
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

Research Methodology:

Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in Colombia, comparing median rental prices with median purchase prices to determine gross rental yields.

We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:

(Median Monthly Rent × 12) ÷ Median Purchase Price × 100

For example, if the median monthly rent is $500 and the median purchase price is $100,000, the yield is calculated as:

($500 × 12) ÷ $100,000 = 6% Gross Rental Yield

Note: NET yields vary from country to country, but are usually 1.5-2% lower. 

 

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