Gross rental yields in Turkey: Istanbul and 7 other cities

Average gross rental yields in Turkey stands at 7.13% (Q2, 2024). Previously, in Q1, 2024 the average gross rental yield stood at 6.36%.

  • Istanbul
  • Antalya
  • Izmir
  • Ankara
  • Adana
  • Konya
  • Kayseri
  • Bursa
  Last Updated: Jun. 10, 2024
ISTANBUL - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kadıköy  
1-Bedroom $185,949 $853 5.50%
2-Bedroom $227,660 $1,086 5.35%
3-Bedroom $380,281 $1,358 4.29%
4+Bedroom $745,040 $3,802 6.12%
Maltepe  
1-Bedroom $103,995 $683 7.88%
2-Bedroom $142,799 $776 6.52%
3-Bedroom $184,708 $831 5.40%
Esenyurt  
1-Bedroom $43,926 $339 9.26%
2-Bedroom $52,152 $370 8.51%
3-Bedroom $74,504 $466 7.51%
Şişli  
1-Bedroom $83,817 $528 7.56%
2-Bedroom $108,651 $690 7.62%
3-Bedroom $207,990 $1,086 6.27%
Beylikdüzü  
1-Bedroom $57,430 $465 9.72%
2-Bedroom $79,160 $559 8.47%
3-Bedroom $122,621 $776 7.59%
4+Bedroom $178,499 $1,086 7.30%
Sarıyer  
1-Bedroom $248,346 $776 3.75%
2-Bedroom $221,960 $854 4.62%
3-Bedroom $426,846 $1,397 3.93%
Küçükçekmece  
1-Bedroom $56,654 $341 7.22%
2-Bedroom $80,557 $435 6.48%
3-Bedroom $127,277 $497 4.69%
Kağıthane  
1-Bedroom $92,974 $536 6.92%
2-Bedroom $103,995 $621 7.17%
3-Bedroom $147,455 $838 6.82%
Istanbul avg. Rental Yields 6.63%
ANKARA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çankaya  
1-Bedroom $97,010 $652 8.07%
2-Bedroom $101,667 $745 8.79%
3-Bedroom $117,964 $776 7.89%
4+Bedroom $243,690 $1,552 7.64%
Keçiören  
2-Bedroom $51,221 $435 10.19%
3-Bedroom $80,557 $466 6.94%
4+Bedroom $131,934 $776 7.06%
Mamak  
2-Bedroom $49,327 $404 9.83%
3-Bedroom $68,295 $435 7.64%
Etimesgut  
2-Bedroom $55,567 $478 10.32%
3-Bedroom $83,817 $559 8.00%
4+Bedroom $180,051 $947 6.31%
Sincan  
2-Bedroom $51,190 $411 9.63%
3-Bedroom $64,228 $466 8.71%
Yenimahalle  
2-Bedroom $80,542 $574 8.55%
3-Bedroom $102,443 $590 6.91%
4+Bedroom $178,499 $1,009 6.78%
Altındağ  
2-Bedroom $46,859 $357 9.14%
3-Bedroom $69,847 $419 7.20%
Ankara avg. Rental Yields 8.19%
ANTALYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kepez  
1-Bedroom $64,492 $373 6.94%
2-Bedroom $79,160 $435 6.59%
3-Bedroom $102,443 $512 6.00%
Muratpaşa  
1-Bedroom $84,593 $442 6.27%
2-Bedroom $109,427 $574 6.29%
3-Bedroom $153,664 $776 6.06%
Alanya  
1-Bedroom $108,651 $466 5.15%
2-Bedroom $153,664 $528 4.12%
3-Bedroom $217,303 $621 3.43%
4+Bedroom $274,733 $776 3.39%
Konyaaltı  
1-Bedroom $107,100 $466 5.22%
2-Bedroom $173,842 $709 4.89%
3-Bedroom $217,303 $863 4.63%
4+Bedroom $372,520 $1,009 3.25%
Antalya avg. Rental Yields 5.17%
IZMIR - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Karşıyaka  
1-Bedroom $85,834 $605 8.46%
2-Bedroom $97,786 $621 7.62%
3-Bedroom $145,903 $807 6.64%
Konak  
1-Bedroom $65,967 $524 9.53%
2-Bedroom $80,712 $555 8.25%
3-Bedroom $108,651 $714 7.89%
Karabağlar  
2-Bedroom $71,400 $435 7.31%
3-Bedroom $100,890 $543 6.46%
Buca  
1-Bedroom $54,325 $326 7.20%
2-Bedroom $76,056 $466 7.35%
3-Bedroom $100,890 $559 6.65%
Bornova  
1-Bedroom $97,786 $462 5.67%
2-Bedroom $100,890 $508 6.05%
3-Bedroom $119,516 $605 6.07%
Izmir avg. Rental Yields 7.22%
ADANA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Çukurova  
1-Bedroom $51,206 $388 9.09%
2-Bedroom $67,193 $528 9.43%
3-Bedroom $93,218 $776 9.99%
4+Bedroom $153,664 $838 6.54%
Seyhan  
1-Bedroom $52,308 $326 7.48%
2-Bedroom $68,279 $485 8.53%
3-Bedroom $85,369 $539 7.58%
4+Bedroom $156,769 $831 6.36%
Adana avg. Rental Yields 8.12%
KONYA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Konya (all locations)  
1-Bedroom $47,341 $370 9.38%
2-Bedroom $60,535 $401 7.95%
3-Bedroom $85,369 $450 6.33%
4+Bedroom $131,934 $512 4.66%
Konya avg. Rental Yields 7.08%
BURSA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Bursa (all locations)  
1-Bedroom $46,565 $248 6.39%
2-Bedroom $61,931 $373 7.23%
3-Bedroom $99,338 $528 6.38%
4+Bedroom $131,934 $823 7.49%
Bursa avg. Rental Yields 6.87%
KAYSERI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Kayseri (all locations)  
2-Bedroom $48,101 $370 9.23%
3-Bedroom $64,414 $401 7.47%
4+Bedroom $103,995 $559 6.45%
Kayseri avg. Rental Yields 7.72%
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 Emlakjet
Turkey´s Historic Rental Yield Data

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 Turkey. We utilized 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).

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