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 |
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| 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 |
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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.