Gross rental yields in Israel: Tel Aviv and 4 other cities
The average gross rental yield in Israel stands at 2.83% (2023, Q3).
- Tel Aviv
- Jerusalem
- Haifa
- Beer Sheva
- Ra´anana
Last Updated: Aug. 30, 2023 | |||
TEL AVIV-YAFO - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Center | |||
Studio | $724,269 | $1,443 | 2.39% |
1-Bedroom | $944,335 | $2,229 | 2.83% |
2-Bedroom | $1,305,678 | $2,674 | 2.46% |
3-Bedroom | $1,735,644 | $4,596 | 3.18% |
Tel Aviv-Yafo (all locations) | |||
Studio | $668,556 | $1,365 | 2.45% |
1-Bedroom | $877,480 | $2,006 | 2.74% |
2-Bedroom | $1,176,937 | $2,424 | 2.47% |
3-Bedroom | $1,532,108 | $3,203 | 2.51% |
4+Bedroom | $1,922,099 | $4,016 | 2.51% |
Tel Aviv-Yafo avg. Rental Yields | 2.54% | ||
JERUSALEM - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Jerusalem (all locations) | |||
Studio | $389,991 | $835 | 2.57% |
1-Bedroom | $665,770 | $1,337 | 2.41% |
2-Bedroom | $682,484 | $1,644 | 2.89% |
3-Bedroom | $835,695 | $2,103 | 3.02% |
4+Bedroom | $1,309,255 | $2,730 | 2.50% |
Jerusalem avg. Rental Yields | 2.68% | ||
HAIFA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Haifa (all locations) | |||
1-Bedroom | $264,636 | $807 | 3.66% |
2-Bedroom | $359,349 | $933 | 3.12% |
3-Bedroom | $501,417 | $1,253 | 3.00% |
4+Bedroom | $821,767 | $1,671 | 2.44% |
Haifa avg. Rental Yields | 3.05% | ||
BE´ER SHEVA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Be´er Sheva (all locations) | |||
1-Bedroom | $194,996 | $613 | 3.77% |
2-Bedroom | $231,209 | $696 | 3.61% |
3-Bedroom | $306,421 | $871 | 3.41% |
4+Bedroom | $480,917 | $1,226 | 3.06% |
Be´er Sheva avg. Rental Yields | 3.46% | ||
RA´ANANA - Apartments | COST ($) | YIELD (p.a.) | |
TO BUY | MONTHLY RENT | ||
Ra´anana (all locations) | |||
2-Bedroom | $754,911 | $1,754 | 2.79% |
3-Bedroom | $1,125,403 | $2,034 | 2.17% |
4+Bedroom | $1,323,184 | $2,507 | 2.27% |
Ra´anana avg. Rental Yields | 2.41% | ||
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 Madlan |
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 Israel. We used the local 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).