Gross rental yields in Peru: Lima and Arequipa

The average gross rental yield in Peru stands at 6.13% (Q4, 2024). Previously, in Q1 2024, the average rental yield was 5.66%.

Cities compared
  • Lima
  • Arequipa
Historical rental yields in Peru

View the full rental yield dataset (2023 - Present)


  Last Updated: Nov 18, 2024
Next Update: June 2025
LIMA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Barranco  
Studio & 1-Bedroom $127,122 $680 6.42%
2-Bedroom $180,052 $790 5.27%
3-Bedroom $300,000 $1,100 4.40%
Chorrillos  
2-Bedroom $92,000 $450 5.87%
3-Bedroom $110,000 $478 5.21%
La Molina  
2-Bedroom $130,000 $500 4.62%
3-Bedroom $170,000 $761 5.37%
Miraflores  
Studio & 1-Bedroom $166,197 $710 5.13%
2-Bedroom $219,000 $1,000 5.48%
3-Bedroom $316,250 $1,300 4.93%
4+Bedroom $490,000 $3,200 7.84%
San Isidro  
Studio & 1-Bedroom $139,600 $750 6.45%
2-Bedroom $248,786 $1,000 4.82%
3-Bedroom $445,000 $1,800 4.85%
4+Bedroom $705,000 $2,950 5.02%
San Borja  
2-Bedroom $186,369 $709 4.57%
3-Bedroom $275,000 $1,075 4.69%
4+Bedroom $410,000 $1,925 5.63%
Surquillo  
Studio & 1-Bedroom $87,178 $478 6.58%
2-Bedroom $113,840 $610 6.43%
3-Bedroom $139,000 $695 6.00%
Lima (all locations)  
Studio & 1-Bedroom $120,000 $630 6.30%
2-Bedroom $153,000 $760 5.96%
3-Bedroom $208,000 $999 5.76%
4+Bedroom $369,000 $1,950 6.34%
Lima avg. Rental Yields 6.09%
AREQUIPA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Arequipa (all locations)  
2-Bedroom $111,000 $650 7.03%
3-Bedroom $157,000 $695 5.31%
Arequipa avg. Rental Yields 6.17%
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:

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