Gross rental yields in Panama: Panama City, Oeste, and Coclé

The average gross rental yield in Panama stands at 6.84% (Q2 2025). Previously, in Q2 2024, the average rental yield was 6.42%.

Cities compared
  • Panama City
  • Panama Oeste
  • Coclé
Historical rental yields in Panama

View the full rental yield dataset (2023 - Present)


  Last Updated: April. 22, 2025
Next Update: October 2025
PANAMA CITY - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
East Coast  
Studio & 1-Bedroom $292,853 $1,900 7.79%
2-Bedroom $355,000 $2,100 7.10%
3-Bedroom $485,000 $2,700 6.68%
4+Bedroom $1,100,000 $5,500 6.00%
San Francisco  
Studio & 1-Bedroom $180,000 $1,350 9.00%
2-Bedroom $195,000 $1,200 7.38%
3-Bedroom $315,000 $2,000 7.62%
4+Bedroom $615,000 $3,300 6.44%
Pacific Point  
Studio & 1-Bedroom $310,000 $2,000 7.74%
2-Bedroom $450,000 $2,400 6.40%
3-Bedroom $615,000 $3,750 7.32%
4+Bedroom $1,250,000 $5,500 5.28%
Balboa Avenue  
Studio & 1-Bedroom $245,000 $1,550 7.59%
2-Bedroom $345,000 $2,000 6.96%
3-Bedroom $495,000 $2,700 6.55%
4+Bedroom $695,000 $3,600 6.22%
Santa Maria  
2-Bedroom $437,950 $2,400 6.58%
3-Bedroom $830,952 $3,200 4.62%
4+Bedroom $1,350,000 $7,000 6.22%
Bella Vista  
Studio & 1-Bedroom $145,000 $1,500 12.41%
2-Bedroom $247,000 $1,600 7.77%
3-Bedroom $350,000 $1,600 5.49%
El Cangrejo  
Studio & 1-Bedroom $179,529 $1,250 8.36%
2-Bedroom $210,000 $1,300 7.43%
3-Bedroom $275,000 $1,500 6.55%
Coco del Mar  
Studio & 1-Bedroom $225,000 $1,275 6.80%
2-Bedroom $313,750 $1,600 6.12%
3-Bedroom $475,000 $2,500 6.32%
Panama City (all locations)  
Studio & 1-Bedroom $215,000 $1,550 8.65%
2-Bedroom $220,000 $1,600 8.73%
3-Bedroom $395,000 $2,400 7.29%
4+Bedroom $995,000 $5,500 6.63%
Panama City avg. Rental Yields 7.84%
PANAMA OESTE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Panam Oeste (all locations)  
Studio & 1-Bedroom $170,000 $1,100 7.76%
2-Bedroom $248,000 $1,250 6.05%
3-Bedroom $355,000 $1,600 5.41%
Panama Oeste avg. Rental Yields 6.41%
COCLÉ - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Coclé (all locations)  
2-Bedroom $260,000 $1,500 6.92%
3-Bedroom $399,000 $1,875 5.64%
Coclé avg. Rental Yields 6.28%
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

Research Methodology:

Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Panama, 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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