Gross rental yields in Panama: Panama City, Oeste, and Coclé
The average gross rental yield in Panama stands at 6.94% (Q2 2026). Previously, in Q4 2025, the average rental yield was 7.03%.
Cities compared
- Panama City
- Panama Oeste
- Coclé
Historical rental yields in Panama
| PANAMA CITY - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| East Coast | |||
| Studio & 1-Bedroom | $310,000 | $2,100 | 8.13% |
| 2-Bedroom | $360,000 | $2,200 | 7.33% |
| 3-Bedroom | $486,000 | $2,950 | 7.28% |
| 4+Bedroom | $1,050,000 | $4,900 | 5.60% |
| San Francisco | |||
| Studio & 1-Bedroom | $205,000 | $1,300 | 7.61% |
| 2-Bedroom | $215,000 | $1,350 | 7.53% |
| 3-Bedroom | $315,000 | $1,870 | 7.12% |
| 4+Bedroom | $550,000 | $3,100 | 6.76% |
| Pacific Point | |||
| Studio & 1-Bedroom | $300,000 | $1,900 | 7.60% |
| 2-Bedroom | $470,000 | $2,500 | 6.38% |
| 3-Bedroom | $690,000 | $4,500 | 7.83% |
| 4+Bedroom | $1,200,000 | $6,500 | 6.50% |
| Balboa Avenue | |||
| Studio & 1-Bedroom | $252,000 | $1,650 | 7.86% |
| 2-Bedroom | $345,000 | $2,100 | 7.30% |
| 3-Bedroom | $490,000 | $3,000 | 7.35% |
| 4+Bedroom | $900,000 | $4,500 | 6.00% |
| Santa Maria | |||
| 2-Bedroom | $484,000 | $2,450 | 6.07% |
| 3-Bedroom | $795,000 | $4,500 | 6.79% |
| Bella Vista | |||
| Studio & 1-Bedroom | $170,000 | $1,350 | 9.53% |
| 2-Bedroom | $280,000 | $1,700 | 7.29% |
| 3-Bedroom | $350,000 | $2,450 | 8.40% |
| El Cangrejo | |||
| Studio & 1-Bedroom | $170,000 | $1,200 | 8.47% |
| 2-Bedroom | $210,000 | $1,350 | 7.71% |
| 3-Bedroom | $289,000 | $1,600 | 6.64% |
| Coco del Mar | |||
| Studio & 1-Bedroom | $210,000 | $1,500 | 8.57% |
| 2-Bedroom | $315,000 | $2,100 | 8.00% |
| 3-Bedroom | $460,000 | $2,700 | 7.04% |
| Panama City (all locations) | |||
| Studio & 1-Bedroom | $235,000 | $1,650 | 8.43% |
| 2-Bedroom | $245,000 | $1,650 | 8.08% |
| 3-Bedroom | $400,000 | $2,500 | 7.50% |
| 4+Bedroom | $1,050,000 | $5,500 | 6.29% |
| Panama City avg. Rental Yields | 7.57% | ||
| PANAMA OESTE - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Panama Oeste (all locations) | |||
| Studio & 1-Bedroom | $171,500 | $1,100 | 7.70% |
| 2-Bedroom | $230,000 | $1,300 | 6.78% |
| 3-Bedroom | $345,000 | $1,700 | 5.91% |
| Panama Oeste avg. Rental Yields | 6.80% | ||
| COCLÉ - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Coclé (all locations) | |||
| 2-Bedroom | $240,000 | $1,500 | 7.50% |
| 3-Bedroom | $445,000 | $2,000 | 5.39% |
| Coclé avg. Rental Yields | 6.45% | ||
| 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 Compreoalquile.com |
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View the full rental yield dataset (2023 - Present)
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, and 3-bedroom properties across the largest cities in Panama, 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.
