The average gross rental yield in Peru stands at 5.55% (Q2, 2023).

		Last Updated: July 12, 2023
LIMA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Barranco
Studio & 1-Bedroom	$128,159	$622	5.82%
2-Bedroom	$181,364	$799	5.29%
3-Bedroom	$322,712	$1,616	6.01%
Chorrillos
2-Bedroom	$119,463	$480	4.82%
3-Bedroom	$128,983	$454	4.22%
La Molina
2-Bedroom	$139,740	$544	4.67%
3-Bedroom	$163,462	$768	5.64%
Miraflores
Studio & 1-Bedroom	$175,301	$715	4.89%
2-Bedroom	$231,466	$972	5.04%
3-Bedroom	$332,239	$1,374	4.96%
4+Bedroom	$469,128	$1,764	4.51%
San Isidro
Studio & 1-Bedroom	$151,536	$713	5.65%
2-Bedroom	$246,591	$1,107	5.39%
3-Bedroom	$485,234	$1,763	4.36%
4+Bedroom	$699,893	$2,748	4.71%
San Borja
2-Bedroom	$207,705	$698	4.03%
3-Bedroom	$285,132	$1,005	4.23%
Surquillo
Studio & 1-Bedroom	$93,022	$454	5.86%
2-Bedroom	$116,666	$596	6.13%
3-Bedroom	$140,784	$648	5.52%
Lima avg. Rental Yields			5.09%
AREQUIPA - Apartments	COST ($)		YIELD (p.a.)
	TO BUY	MONTHLY RENT
Arequipa (all locations)
2-Bedroom	$88,446	$467	6.34%
3-Bedroom	$136,815	$648	5.68%
Arequipa avg. Rental Yields			6.01%
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).