Gross rental yields in Panama: Panama Oeste and Coclé

The average gross rental yield in Panama stands at 6.42% (2024, Q2). Previously, in Q1, 2023 the average gross rental yield stood at 6.52%.

  • Panama
  • Panama Oeste
  • Coclé
  Last Updated: May. 09, 2024
PANAMA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
East Coast  
Studio & 1-Bedroom $288,354 $1,850 7.70%
2-Bedroom $310,000 $2,100 8.13%
3-Bedroom $540,000 $2,500 5.56%
4+Bedroom $1,100,000 $4,900 5.35%
San Francisco  
Studio & 1-Bedroom $180,000 $1,200 8.00%
2-Bedroom $194,700 $1,200 7.40%
3-Bedroom $320,000 $1,900 7.13%
4+Bedroom $655,000 $2,900 5.31%
Pacific Point  
Studio & 1-Bedroom $310,000 $1,900 7.35%
2-Bedroom $435,000 $2,300 6.34%
3-Bedroom $550,000 $2,725 5.95%
4+Bedroom $1,250,000 $5,500 5.28%
Balboa Avenue  
Studio & 1-Bedroom $246,048 $1,500 7.32%
2-Bedroom $330,000 $1,950 7.09%
3-Bedroom $490,000 $2,600 6.37%
4+Bedroom $500,000 $3,500 8.40%
Santa Maria  
2-Bedroom $427,950 $2,300 6.45%
3-Bedroom $820,500 $4,000 5.85%
4+Bedroom $1,390,000 $5,600 4.83%
Bella Vista  
Studio & 1-Bedroom $148,891 $1,100 8.87%
2-Bedroom $253,000 $1,350 6.40%
3-Bedroom $355,000 $1,750 5.92%
El Cangrejo  
Studio & 1-Bedroom $180,000 $1,050 7.00%
2-Bedroom $210,000 $1,150 6.57%
3-Bedroom $275,000 $1,500 6.55%
Coco del Mar  
Studio & 1-Bedroom $194,500 $1,150 7.10%
2-Bedroom $290,000 $1,600 6.62%
3-Bedroom $425,000 $2,600 7.34%
Panama avg. Rental Yields 6.78%
PANAMA OESTE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Panam Oeste (all locations)  
Studio & 1-Bedroom $170,000 $950 6.71%
2-Bedroom $248,724 $1,300 6.27%
3-Bedroom $355,000 $1,600 5.41%
Panama Oeste avg. Rental Yields 6.13%
COCLÉ - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Coclé (all locations)  
2-Bedroom $230,000 $1,200 6.26%
3-Bedroom $370,000 $1,980 6.42%
Coclé avg. Rental Yields 6.34%
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 Compreoalquile.com
Panama´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 Panama. We used the local 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).