The average gross rental yield in Colombia stands at 7.70% (Q2, 2023).

• Bogota
• Medellin
• Cali
• Barranquilla
• Cartagena
• Santa Marta
• Bello

		Last Updated: Aug. 30, 2023
BOGOTÁ - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Usaquen
1-Bedroom	$89,797	$411	5.49%
2-Bedroom	$113,169	$725	7.69%
3-Bedroom	$181,360	$1,114	7.37%
4+Bedroom	$386,901	$2,539	7.87%
Chapinero
1-Bedroom	$74,962	$387	6.20%
2-Bedroom	$115,949	$617	6.39%
3-Bedroom	$215,214	$1,601	8.93%
Teusquillo
1-Bedroom	$62,630	$350	6.71%
2-Bedroom	$93,582	$586	7.51%
Bogotá avg. Rental Yields			7.13%
MEDELLÍN - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
El Poblado
1-Bedroom	$118,757	$829	8.38%
2-Bedroom	$141,437	$1,171	9.94%
3-Bedroom	$185,331	$1,171	7.58%
4+Bedroom	$365,784	$2,109	6.92%
Laureles
1-Bedroom	$90,227	$378	5.03%
2-Bedroom	$104,858	$683	7.82%
3-Bedroom	$151,191	$856	6.79%
4+Bedroom	$212,155	$1,585	8.97%
All Locations
1-Bedroom	$89,007	$610	8.22%
2-Bedroom	$93,885	$805	10.29%
3-Bedroom	$140,656	$1,024	8.74%
4+Bedroom	$212,155	$1,664	9.41%
Medellín avg. Rental Yields			9.17%
CALI - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
All Locations
1-Bedroom	$70,109	$240	4.11%
2-Bedroom	$60,720	$268	5.30%
3-Bedroom	$121,928	$415	4.08%
4+Bedroom	$182,892	$1,341	8.80%
Cali avg. Rental Yields			5.57%
BARRANQUILLA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Barranquilla (all locations)
1-Bedroom	$64,622	$427	7.93%
2-Bedroom	$67,304	$341	6.08%
3-Bedroom	$109,735	$561	6.13%
4+Bedroom	$207,278	$1,585	9.18%
Barranquilla (all locations) avg. Rental Yields			7.33%
CARTAGENA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Cartagena (all locations)
1-Bedroom	$97,542	$488	6.00%
2-Bedroom	$134,121	$610	5.46%
3-Bedroom	$145,094	$732	6.05%
4+Bedroom	$268,242	$1,951	8.73%
Cartagena (all locations) avg. Rental Yields			6.56%
PEREIRA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Pereira (all locations)
1-Bedroom	$50,600	$366	8.68%
2-Bedroom	$63,403	$390	7.38%
3-Bedroom	$80,472	$585	8.72%
4+Bedroom	$135,340	$902	8.00%
Pereira (all locations) avg. Rental Yields			8.20%
BELLO - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Bello (all locations)
1-Bedroom	$40,236	$280	8.35%
2-Bedroom	$47,113	$337	8.58%
3-Bedroom	$58,525	$366	7.50%
Bello (all locations) avg. Rental Yields			8.15%
SANTA MARTA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Santa Marta (all locations)
1-Bedroom	$85,350	$609	8.56%
2-Bedroom	$102,420	$854	10.01%
3-Bedroom	$104,005	$863	9.96%
Santa Marta (all locations) avg. Rental Yields			9.51%
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: 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).