Gross rental yields in Peru: Lima and Arequipa

The average gross rental yield in Peru stands at 5.72% (Q4, 2023). Previously in Q2 of 2023, it stood at 5.55%.

  • Lima
  • Arequipa
  Last Updated: Dec 07, 2023
LIMA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Barranco  
Studio & 1-Bedroom $125,000 $650 6.24%
2-Bedroom $188,280 $830 5.29%
3-Bedroom $370,000 $2,000 6.49%
Chorrillos  
2-Bedroom $102,380 $411 4.82%
3-Bedroom $107,000 $458 5.14%
La Molina  
2-Bedroom $119,700 $545 5.46%
3-Bedroom $173,000 $800 5.55%
Miraflores  
Studio & 1-Bedroom $167,745 $700 5.01%
2-Bedroom $235,000 $928 4.74%
3-Bedroom $325,000 $1,377 5.08%
4+Bedroom $475,000 $2,800 7.07%
San Isidro  
Studio & 1-Bedroom $144,633 $710 5.89%
2-Bedroom $254,393 $1,000 4.72%
3-Bedroom $479,000 $1,800 4.51%
4+Bedroom $750,000 $3,000 4.80%
San Borja  
2-Bedroom $209,000 $650 3.73%
3-Bedroom $292,500 $1,050 4.31%
4+Bedroom $387,000 $1,850 5.74%
Surquillo  
Studio & 1-Bedroom $89,000 $518 6.98%
2-Bedroom $110,000 $638 6.96%
3-Bedroom $140,000 $690 5.91%
Lima avg. Rental Yields 5.45%
AREQUIPA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Arequipa (all locations)  
2-Bedroom $108,500 $575 6.36%
3-Bedroom $153,120 $717 5.62%
Arequipa avg. Rental Yields 5.99%
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 Adondevivir

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 Peru. 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).