Gross rental yields in the United States: New York and 14 other cities

The average gross rental yield in the United States stands at 6.10% (Q3 2024). Previously, in Q2 2023 the rental yield was 5.93%.

Cities compared
  • New York
  • Chicago
  • Miami
  • Los Angeles
  • Las Vegas
  • Orlando
  • San Diego
  • Washington
  • Boston
  • Houston
  • Philadelphia
  • Atlanta
  • Seattle
  • San Francisco
  • Portland
Historical rental yields in the United States

View the full rental yields dataset (2023 - Present)


  Last Updated: Aug 09, 2024
Next Update: May. 2025
NEW YORK - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Manhattan  
Studio $750,000 $3,818 6.11%
1-Bedroom $1,199,000 $4,810 4.81%
2-Bedroom $2,375,000 $6,500 3.28%
3-Bedroom $4,498,000 $7,792 2.08%
4+Bedroom $8,995,000 $9,000 1.20%
Queens      
Studio $595,000 $3,000 6.05%
1-Bedroom $696,000 $3,000 5.17%
2-Bedroom $830,000 $3,650 5.28%
3-Bedroom $849,000 $3,550 5.02%
4+Bedroom $1,100,000 $4,200 4.58%
Brooklyn      
Studio $760,000 $3,499 5.52%
1-Bedroom $750,000 $3,780 6.05%
2-Bedroom $995,000 $4,350 5.25%
3-Bedroom $999,000 $4,999 6.00%
4+Bedroom $1,455,000 $4,950 4.08%
Bronx      
1-Bedroom $230,000 $2,300 12.00%
2-Bedroom $495,000 $2,700 6.55%
3-Bedroom $679,000 $3,200 5.66%
Staten Island      
1-Bedroom $349,999 $1,800 6.17%
2-Bedroom $519,000 $2,500 5.78%
3-Bedroom $729,000 $3,200 5.27%
New York avg. Rental Yields 5.33%
CHICAGO - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Streeterville  
1-Bedroom $300,000 $2,610 10.44%
2-Bedroom $599,000 $4,079 8.17%
3-Bedroom $1,375,000 $7,167 6.25%
Lake View      
1-Bedroom $237,500 $1,975 9.98%
2-Bedroom $439,000 $2,850 7.79%
3-Bedroom $669,000 $3,595 6.45%
Chicago avg. Rental Yields 8.18%
MIAMI - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Miami Beach  
Studio $300,000 $2,250 9.00%
1-Bedroom $415,000 $2,950 8.53%
2-Bedroom $879,000 $4,985 6.81%
3-Bedroom $2,999,500 $16,584 6.63%
4+Bedroom $5,199,000 $30,000 6.92%
Brickell      
Studio $420,000 $2,800 8.00%
1-Bedroom $590,000 $3,500 7.12%
2-Bedroom $860,000 $4,800 6.70%
3-Bedroom $1,620,000 $9,000 6.67%
Miami avg. Rental Yields 7.38%
LOS ANGELES - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Downtown  
Studio $480,000 $2,200 5.50%
1-Bedroom $620,000 $3,008 5.82%
2-Bedroom $998,000 $3,710 4.46%
Los Angeles (all locations)      
Studio $609,000 $1,950 3.84%
1-Bedroom $595,000 $2,495 5.03%
2-Bedroom $819,000 $3,295 4.83%
3-Bedroom $1,175,000 $4,350 4.44%
4+Bedroom $1,788,888 $4,500 3.02%
Los Angeles avg. Rental Yields 4.62%
LAS VEGAS - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Las Vegas (all locations)  
Studio $329,900 $1,210 4.40%
1-Bedroom $265,000 $1,400 6.34%
2-Bedroom $319,900 $1,550 5.81%
3-Bedroom $540,000 $2,050 4.56%
Las Vegas avg. Rental Yields 5.28%
ORLANDO - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Orlando (all locations)  
1-Bedroom $181,000 $1,500 9.94%
2-Bedroom $246,900 $1,825 8.87%
3-Bedroom $400,000 $2,499 7.50%
4+Bedroom $659,900 $3,100 5.64%
Orlando avg. Rental Yields 7.99%
SAN DIEGO - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
San Diego (all locations)  
Studio $419,999 $2,336 6.67%
1-Bedroom $519,900 $2,693 6.22%
2-Bedroom $815,000 $3,530 5.20%
3-Bedroom $1,199,000 $4,700 4.70%
4+Bedroom $1,649,000 $4,900 3.57%
San Diego avg. Rental Yields 5.27%
WASHINGTON - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Columbia Heights  
1-Bedroom $370,000 $1,700 5.51%
2-Bedroom $574,500 $3,159 6.60%
3-Bedroom $800,000 $3,900 5.85%
4+Bedroom $989,900 $3,695 4.48%
Washington avg. Rental Yields 5.61%
BOSTON - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Boston (all locations)  
Studio $482,000 $2,625 6.54%
1-Bedroom $750,000 $3,100 4.96%
2-Bedroom $949,900 $3,700 4.67%
3-Bedroom $1,349,000 $3,800 3.38%
4+Bedroom $1,690,000 $4,600 3.27%
Boston avg. Rental Yields 4.56%
HOUSTON - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Houston (all locations)  
Studio $550,000 $1,375 3.00%
1-Bedroom $164,900 $1,329 9.67%
2-Bedroom $240,000 $1,678 8.39%
3-Bedroom $349,000 $2,198 7.56%
4+Bedroom $440,000 $2,350 6.41%
Houston avg. Rental Yields 7.01%
PHILADELPHIA - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Old City  
1-Bedroom $299,900 $1,925 7.70%
2-Bedroom $465,000 $2,550 6.58%
Philadelphia (all locations)      
Studio $169,900 $1,395 9.85%
1-Bedroom $299,900 $1,678 6.71%
2-Bedroom $299,000 $1,875 7.53%
3-Bedroom $255,000 $2,100 9.88%
4+Bedroom $400,000 $2,315 6.95%
Philadelphia avg. Rental Yields 7.89%
ATLANTA - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Atlanta (all locations)  
1-Bedroom $284,900 $1,724 7.26%
2-Bedroom $384,900 $2,134 6.65%
3-Bedroom $389,000 $2,680 8.27%
4+Bedroom $599,900 $3,450 6.90%
Atlanta avg. Rental Yields 7.27%
SEATTLE - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Seattle (all locations)  
Studio $319,900 $1,520 5.70%
1-Bedroom $449,000 $1,895 5.06%
2-Bedroom $719,950 $2,795 4.66%
3-Bedroom $899,950 $3,500 4.67%
4+Bedroom $1,385,000 $3,500 3.03%
Seattle avg. Rental Yields 4.62%
SAN FRANCISCO - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
San Francisco (all locations)  
Studio $499,000 $2,107 5.07%
1-Bedroom $725,000 $3,000 4.97%
2-Bedroom $1,199,000 $4,270 4.27%
3-Bedroom $1,480,000 $5,195 4.21%
4+Bedroom $1,990,000 $5,795 3.49%
San Francisco avg. Rental Yields 4.40%
PORTLAND - All Dwellings COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Portland (all locations)  
Studio $190,000 $1,275 8.05%
1-Bedroom $324,900 $1,465 5.41%
2-Bedroom $400,000 $1,875 5.63%
3-Bedroom $559,000 $2,495 5.36%
Portland avg. Rental Yields 6.11%
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 Realtor

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 the United States, 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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