Gross rental yields in Mexico City and 6 other cities
The average gross rental yield in Mexico stands at 5.71% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 5.92%.
- Mexico City
- Cancun
- Monterrey
- Acapulco
- Puebla
- Guadalajara
- Naucalpan de Juárez
| Last Updated: Mar. 19, 2024 | |||
| MEXICO CITY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Benito Juárez | |||
| 1-Bedroom | $219,355 | $1,077 | 5.89% |
| 2-Bedroom | $266,205 | $1,376 | 6.20% |
| 3-Bedroom | $364,911 | $1,795 | 5.90% |
| Miguel Hidalgo | |||
| 1-Bedroom | $275,119 | $1,555 | 6.78% |
| 2-Bedroom | $438,730 | $2,982 | 8.16% |
| 3-Bedroom | $918,259 | $4,188 | 5.47% |
| 4+Bedroom | $1,995,000 | $5,922 | 3.56% |
| Cuauhtémoc | |||
| 1-Bedroom | $227,321 | $1,495 | 7.89% |
| 2-Bedroom | $336,196 | $1,915 | 6.84% |
| 3-Bedroom | $412,768 | $2,542 | 7.39% |
| Cuajimalpa de Morelos | |||
| 1-Bedroom | $215,357 | $1,196 | 6.66% |
| 2-Bedroom | $355,937 | $1,675 | 5.65% |
| 3-Bedroom | $807,590 | $3,110 | 4.62% |
| 4+Bedroom | $1,734,823 | $6,879 | 4.76% |
| Álvaro Obregón | |||
| 1-Bedroom | $203,393 | $1,137 | 6.71% |
| 2-Bedroom | $311,071 | $1,495 | 5.77% |
| 3-Bedroom | $490,536 | $2,034 | 4.98% |
| Coyoacán | |||
| 1-Bedroom | $121,138 | $715 | 7.08% |
| 2-Bedroom | $200,850 | $1,074 | 6.42% |
| 3-Bedroom | $263,214 | $1,137 | 5.18% |
| Azcapotzalco | |||
| 1-Bedroom | $130,191 | $449 | 4.14% |
| 2-Bedroom | $138,079 | $765 | 6.65% |
| Tlalpan | |||
| 2-Bedroom | $201,359 | $867 | 5.17% |
| 3-Bedroom | $526,429 | $1,496 | 3.41% |
| Mexico City avg. Rental Yields | 5.89% | ||
| MONTERREY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Monterrey (all locations) | |||
| 1-Bedroom | $191,428 | $1,077 | 6.75% |
| 2-Bedroom | $267,411 | $1,211 | 5.43% |
| 3-Bedroom | $381,661 | $1,795 | 5.64% |
| Monterrey avg. Rental Yields | 5.94% | ||
| CANCÚN - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Cancún (all locations) | |||
| 1-Bedroom | $194,535 | $1,107 | 6.83% |
| 2-Bedroom | $277,141 | $1,376 | 5.96% |
| 3-Bedroom | $614,300 | $2,991 | 5.84% |
| 4+Bedroom | $1,500,000 | $5,700 | 4.56% |
| Cancún avg. Rental Yields | 5.80% | ||
| ACAPULCO - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Acapulco (all locations) | |||
| 2-Bedroom | $116,651 | $538 | 5.53% |
| 3-Bedroom | $294,261 | $1,032 | 4.21% |
| 4+Bedroom | $714,866 | $2,692 | 4.52% |
| Acapulco avg. Rental Yields | 4.75% | ||
| PUEBLA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Puebla (all locations) | |||
| 1-Bedroom | $140,580 | $553 | 4.72% |
| 2-Bedroom | $138,100 | $820 | 7.13% |
| 3-Bedroom | $149,553 | $927 | 7.44% |
| Puebla avg. Rental Yields | 6.43% | ||
| GUADALAJARA - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Guadalajara (all locations) | |||
| 1-Bedroom | $212,923 | $1,196 | 6.74% |
| 2-Bedroom | $277,705 | $1,436 | 6.21% |
| 3-Bedroom | $436,696 | $2,093 | 5.75% |
| Guadalajara avg. Rental Yields | 6.23% | ||
| NAUCALPAN DE JUÁREZ - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Naucalpan de Juárez (all locations) | |||
| 1-Bedroom | $249,754 | $838 | 4.03% |
| 2-Bedroom | $257,232 | $1,301 | 6.07% |
| 3-Bedroom | $526,429 | $2,034 | 4.64% |
| Naucalpan de Juárez avg. Rental Yields | 4.91% | ||
| 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 Inmuebles24 |
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Mexico'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 Mexico. 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).