Moderate rental yields in bigger United States cities

  Last Updated: July 13, 2023
NEW YORK - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Manhattan  
Studio $759,725 $3,475 5.49%
1-Bedroom $1,225,000 $4,300 4.21%
2-Bedroom $2,395,000 $5,718 2.86%
3-Bedroom $4,500,000 $6,794 1.81%
4+Bedroom $8,999,500 $7,895 1.05%
Queens      
Studio $575,000 $2,725 5.69%
1-Bedroom $650,000 $2,450 4.52%
2-Bedroom $760,000 $2,750 4.34%
3-Bedroom $848,500 $3,000 4.24%
4+Bedroom $843,000 $3,625 5.16%
Brooklyn      
Studio $615,000 $2,925 5.71%
1-Bedroom $599,999 $2,500 5.00%
2-Bedroom $899,000 $2,952 3.94%
3-Bedroom $1,775,000 $3,250 2.20%
4+Bedroom $4,282,500 $4,500 1.26%
Bronx      
1-Bedroom $200,000 $2,000 12.00%
2-Bedroom $297,000 $2,500 10.10%
3-Bedroom $485,900 $3,099 7.65%
4+Bedroom $1,780,000 $3,950 2.66%
Staten Island      
Studio $200,000 $1,500 9.00%
1-Bedroom $295,998 $1,625 6.59%
2-Bedroom $439,000 $2,200 6.01%
3-Bedroom $487,500 $2,650 6.52%
New York avg. Rental Yields 5.13%
CHICAGO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Streeterville  
Studio $215,000 $2,100 11.72%
1-Bedroom $325,000 $2,645 9.77%
2-Bedroom $590,450 $4,228 8.59%
3-Bedroom $1,549,000 $6,734 5.22%
Lake View      
Studio $147,450 $1,295 10.54%
1-Bedroom $220,000 $1,795 9.79%
2-Bedroom $399,000 $2,597 7.81%
3-Bedroom $599,900 $3,375 6.75%
4+Bedroom $1,025,000 $4,298 5.03%
Lake View      
1-Bedroom $125,000 $1,250 12.00%
2-Bedroom $159,900 $1,475 11.07%
3-Bedroom $250,000 $2,300 11.04%
Chicago avg. Rental Yields 9.11%
MIAMI - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Miami Beach  
Studio $345,000 $1,950 6.78%
1-Bedroom $399,000 $2,450 7.37%
2-Bedroom $870,000 $4,343 5.99%
3-Bedroom $3,750,000 $26,000 8.32%
Brickell      
Studio $412,500 $2,582 7.51%
1-Bedroom $550,000 $3,217 7.02%
2-Bedroom $875,000 $4,663 6.39%
3-Bedroom $1,700,000 $12,900 9.11%
Miami avg. Rental Yields 7.31%
LOS ANGELES - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Downtown  
Studio $538,000 $2,326 5.19%
1-Bedroom $598,000 $2,800 5.62%
2-Bedroom $950,000 $3,730 4.71%
3-Bedroom $2,498,500 $8,180 3.93%
Los Angeles (all locations)      
Studio $499,000 $2,109 5.07%
1-Bedroom $557,000 $2,660 5.73%
2-Bedroom $800,000 $3,440 5.16%
3-Bedroom $950,000 $4,335 5.48%
4+Bedroom $3,300,000 $4,600 1.67%
Los Angeles avg. Rental Yields 4.73%
LAS VEGAS - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Las Vegas (all locations)  
Studio $319,888 $1,225 4.60%
1-Bedroom $218,000 $1,297 7.14%
2-Bedroom $260,000 $1,468 6.78%
3-Bedroom $360,990 $1,995 6.63%
Las Vegas avg. Rental Yields 6.29%
ORLANDO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Orlando (all locations)  
1-Bedroom $155,450 $1,785 13.78%
2-Bedroom $220,000 $2,145 11.70%
3-Bedroom $319,900 $2,587 9.70%
Orlando avg. Rental Yields 11.73%
AUSTIN - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Austin (all locations)  
Studio $399,500 $1,460 4.39%
1-Bedroom $379,000 $1,585 5.02%
2-Bedroom $469,000 $1,975 5.05%
3-Bedroom $599,995 $2,433 4.87%
Austin avg. Rental Yields 4.83%
SAN DIEGO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
San Diego (all locations)  
Studio $424,450 $2,397 6.78%
1-Bedroom $472,500 $2,671 6.78%
2-Bedroom $699,000 $3,451 5.92%
3-Bedroom $772,000 $4,194 6.52%
San Diego avg. Rental Yields 6.50%
WASHINGTON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Columbia Heights  
Studio $239,498 $1,835 9.19%
1-Bedroom $399,900 $2,373 7.12%
2-Bedroom $675,000 $3,040 5.40%
3-Bedroom $850,000 $4,000 5.65%
Adams Morgan      
Studio $209,750 $1,804 10.32%
1-Bedroom $379,250 $2,246 7.11%
2-Bedroom $794,450 $3,595 5.43%
Washington avg. Rental Yields 7.17%
BOSTON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Boston (all locations)  
Studio $477,000 $2,250 5.66%
1-Bedroom $750,000 $2,950 4.72%
2-Bedroom $999,000 $3,383 4.06%
3-Bedroom $2,512,000 $3,450 1.65%
4+Bedroom $2,269,000 $4,750 2.51%
Boston avg. Rental Yields 3.72%
HOUSTON - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Houston (all locations)  
1-Bedroom $152,025 $1,344 10.61%
2-Bedroom $236,500 $1,705 8.65%
3-Bedroom $625,000 $2,174 4.17%
4+Bedroom $1,550,000 $1,960 1.52%
Houston avg. Rental Yields 6.24%
PHILADELPHIA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Old City  
1-Bedroom $299,450 $1,903 7.63%
2-Bedroom $590,000 $2,815 5.73%
3-Bedroom $1,500,000 $5,195 4.16%
Philadelphia (all locations)      
Studio $165,000 $1,572 11.43%
1-Bedroom $285,000 $1,689 7.11%
2-Bedroom $432,500 $1,948 5.40%
3-Bedroom $827,500 $2,100 3.05%
4+Bedroom $1,995,000 $2,500 1.50%
Philadelphia avg. Rental Yields 5.75%
ATLANTA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Atlanta (all locations)  
Studio $183,000 $1,750 11.48%
1-Bedroom $284,000 $1,855 7.84%
2-Bedroom $432,500 $2,226 6.18%
3-Bedroom $768,444 $3,079 4.81%
Atlanta avg. Rental Yields 7.57%
SEATTLE - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Seattle (all locations)  
Studio $444,925 $1,495 4.03%
1-Bedroom $457,000 $1,750 4.60%
2-Bedroom $699,888 $2,560 4.39%
3-Bedroom $899,950 $3,275 4.37%
Seattle avg. Rental Yields 4.35%
SAN FRANCISCO - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
San Francisco (all locations)  
Studio $489,000 $2,350 5.77%
1-Bedroom $729,000 $2,895 4.77%
2-Bedroom $1,249,500 $3,950 3.79%
3-Bedroom $1,695,000 $5,204 3.68%
San Francisco avg. Rental Yields 4.50%
PORTLAND - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Portland (all locations)  
Studio $184,500 $1,257 8.18%
1-Bedroom $347,900 $1,447 4.99%
2-Bedroom $422,500 $1,699 4.83%
3-Bedroom $468,000 $2,295 5.88%
Portland avg. Rental Yields 5.97%
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 Definitions: Data FAQ See also: Update Schedule

What are the rental yields in the United States in some of their biggest cities

  • New York apartments have a city average rental yield of 5.13%.
  • Chicago apartments have a city average rental yield of 9.11%.
  • Miami apartments have a city average rental yield of 7.31%.
  • Washington apartments have a city average rental yield of 7.17%.
  • Boston apartments have a city average rental yield of 3.72%.
  • Los Angeles apartments have a city average rental yield of 4.73%.
  • Houston apartments have a city average rental yield of 6.24%.
  • Las Vegas apartments have a city average rental yield of .29%.
  • Philadelphia apartments have a city average rental yield of 5.75%.
  • Atlanta apartments have a city average rental yield of 7.57%.
  • Orlando apartments have a city average rental yield of 11.73%.
  • Seattle apartments have a city average rental yield of 4.35%.
  • Austin apartments have a city average rental yield of 4.83%.
  • San Francisco apartments have a city average rental yield of 4.50%.
  • San Diego apartments have a city average rental yield of 6.50%.
  • Portland apartments have a city average rental yield of 5.97%.

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