Gross rental yields in Serbia: Belgrade and Novi Sad
Average residential gross rental yield in Serbia stands at 5.63% (Q1, 2026). Previously, in Q3 2025, the rental yield was 5.57%.
Cities compared
- Belgrade
- Novi Sad
Historical rental yields in Serbia
| BELGRADE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Belgrade (all locations) | |||
| Studio | €85,000 | €470 | 6.64% |
| 1-Bedroom | €145,000 | €800 | 6.62% |
| 2-Bedroom | €195,000 | €950 | 5.85% |
| 3-Bedroom | €268,000 | €1,450 | 6.49% |
| 4+Bedroom | €370,000 | €1,800 | 5.84% |
| Belgrade avg. Rental Yields | 6.29% | ||
| NOVI SAD - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Novi Sad (all locations) | |||
| Studio | €67,000 | €300 | 5.37% |
| 1-Bedroom | €97,000 | €400 | 4.95% |
| 2-Bedroom | €136,300 | €500 | 4.40% |
| 3-Bedroom | €188,100 | €800 | 5.10% |
| 4+Bedroom | €264,000 | €1,100 | 5.00% |
| Novi Sad avg. Rental Yields | 4.97% | ||
| 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 and Srbija-nekretnine |
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View the full rental yield dataset (2025 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights into Serbia’s property market. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Serbia, 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.
