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 |
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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 |
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