Gross rental yields in the United States: New York and 14 other cities
The average gross rental yield in the United States stands at 6.56% (Q4 2025). Previously, in Q3 2025, the rental yield was 6.51%.
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
| NEW YORK - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Manhattan | |||
| Studio | $699,000 | $4,025 | 6.91% |
| 1-Bedroom | $1,150,000 | $5,100 | 5.32% |
| 2-Bedroom | $2,295,000 | $7,500 | 3.92% |
| 3-Bedroom | $4,050,000 | $12,900 | 3.82% |
| 4+Bedroom | $8,500,000 | $24,950 | 3.52% |
| Queens | |||
| Studio | $625,000 | $3,260 | 6.26% |
| 1-Bedroom | $685,000 | $3,500 | 6.13% |
| 2-Bedroom | $858,000 | $4,450 | 6.22% |
| 3-Bedroom | $895,000 | $4,800 | 6.44% |
| Brooklyn | |||
| Studio | $699,000 | $3,500 | 6.01% |
| 1-Bedroom | $750,000 | $4,275 | 6.84% |
| 2-Bedroom | $975,000 | $5,700 | 7.02% |
| 3-Bedroom | $1,650,000 | $7,000 | 5.09% |
| Bronx | |||
| 1-Bedroom | $262,000 | $2,800 | 12.82% |
| 2-Bedroom | $395,000 | $3,500 | 10.63% |
| 3-Bedroom | $580,000 | $3,750 | 7.76% |
| New York (all locations) | |||
| Studio | $675,000 | $3,800 | 6.76% |
| 1-Bedroom | $863,100 | $4,470 | 6.21% |
| 2-Bedroom | $1,177,000 | $5,750 | 5.86% |
| 3-Bedroom | $2,250,000 | $6,800 | 3.63% |
| 4+Bedroom | $5,800,000 | $9,450 | 1.96% |
| New York avg. Rental Yields | 4.88% | ||
| CHICAGO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Streeterville | |||
| 1-Bedroom | $300,000 | $2,400 | 9.60% |
| 2-Bedroom | $690,000 | $3,900 | 6.78% |
| Lake View | |||
| 1-Bedroom | $225,000 | $2,200 | 11.73% |
| 2-Bedroom | $449,000 | $3,150 | 8.42% |
| 3-Bedroom | $840,000 | $4,400 | 6.29% |
| Chicago (all locations) | |||
| Studio | $192,000 | $1,920 | 12.00% |
| 1-Bedroom | $260,000 | $2,300 | 10.62% |
| 2-Bedroom | $390,000 | $2,950 | 9.08% |
| 3-Bedroom | $650,000 | $3,100 | 5.72% |
| 4+Bedroom | $1,190,000 | $3,950 | 3.98% |
| Chicago avg. Rental Yields | 8.28% | ||
| MIAMI - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Miami Beach | |||
| Studio | $300,000 | $2,400 | 9.60% |
| 1-Bedroom | $399,000 | $2,950 | 8.87% |
| 2-Bedroom | $849,000 | $4,995 | 7.06% |
| 3-Bedroom | $3,100,000 | $13,995 | 5.42% |
| 4+Bedroom | $8,800,000 | $39,000 | 5.32% |
| Brickell | |||
| Studio | $475,000 | $2,550 | 6.44% |
| 1-Bedroom | $550,000 | $3,250 | 7.09% |
| 2-Bedroom | $850,000 | $4,400 | 6.21% |
| 3-Bedroom | $1,600,000 | $7,900 | 5.93% |
| Miami (all locations) | |||
| Studio | $430,000 | $2,250 | 6.28% |
| 1-Bedroom | $429,000 | $2,675 | 7.48% |
| 2-Bedroom | $530,000 | $3,500 | 7.92% |
| 3-Bedroom | $565,000 | $3,500 | 7.43% |
| 4+Bedroom | $2,975,000 | $6,950 | 2.80% |
| Miami avg. Rental Yields | 6.38% | ||
| LOS ANGELES - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Downtown | |||
| Studio | $450,000 | $2,180 | 5.81% |
| 1-Bedroom | $579,000 | $2,520 | 5.22% |
| 2-Bedroom | $986,500 | $3,230 | 3.93% |
| Los Angeles (all locations) | |||
| Studio | $499,000 | $1,800 | 4.33% |
| 1-Bedroom | $535,000 | $2,350 | 5.27% |
| 2-Bedroom | $749,000 | $3,160 | 5.06% |
| 3-Bedroom | $999,900 | $4,000 | 4.80% |
| 4+Bedroom | $1,749,000 | $4,560 | 3.13% |
| Los Angeles avg. Rental Yields | 4.52% | ||
| LAS VEGAS - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Las Vegas (all locations) | |||
| 1-Bedroom | $199,000 | $1,250 | 7.54% |
| 2-Bedroom | $255,000 | $1,495 | 7.04% |
| 3-Bedroom | $350,000 | $1,850 | 6.34% |
| Las Vegas avg. Rental Yields | 6.97% | ||
| ORLANDO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Orlando (all locations) | |||
| 1-Bedroom | $163,000 | $1,400 | 10.31% |
| 2-Bedroom | $219,900 | $1,700 | 9.28% |
| 3-Bedroom | $375,000 | $2,280 | 7.30% |
| 4+Bedroom | $600,000 | $2,800 | 5.60% |
| Orlando avg. Rental Yields | 8.12% | ||
| SAN DIEGO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| San Diego (all locations) | |||
| Studio | $437,000 | $2,190 | 6.01% |
| 1-Bedroom | $475,000 | $2,500 | 6.32% |
| 2-Bedroom | $719,000 | $3,200 | 5.34% |
| 3-Bedroom | $1,089,000 | $4,200 | 4.63% |
| 4+Bedroom | $1,599,000 | $5,500 | 4.13% |
| San Diego avg. Rental Yields | 5.29% | ||
| WASHINGTON - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Columbia Heights | |||
| 1-Bedroom | $348,000 | $2,000 | 6.90% |
| 2-Bedroom | $539,000 | $2,820 | 6.28% |
| 3-Bedroom | $750,000 | $4,200 | 6.72% |
| 4+Bedroom | $892,500 | $5,400 | 7.26% |
| Washington (all locations) | |||
| Studio | $228,000 | $1,780 | 9.37% |
| 1-Bedroom | $359,000 | $2,100 | 7.02% |
| 2-Bedroom | $535,000 | $2,940 | 6.59% |
| 3-Bedroom | $615,000 | $3,900 | 7.61% |
| 4+Bedroom | $949,900 | $5,000 | 6.32% |
| Washington avg. Rental Yields | 7.38% | ||
| BOSTON - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Boston (all locations) | |||
| Studio | $499,000 | $2,600 | 6.25% |
| 1-Bedroom | $699,000 | $2,900 | 4.98% |
| 2-Bedroom | $950,000 | $3,400 | 4.29% |
| 3-Bedroom | $1,145,000 | $3,900 | 4.09% |
| 4+Bedroom | $1,500,000 | $5,000 | 4.00% |
| Boston avg. Rental Yields | 4.72% | ||
| HOUSTON - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Houston (all locations) | |||
| 1-Bedroom | $130,000 | $1,250 | 11.54% |
| 2-Bedroom | $204,950 | $1,560 | 9.13% |
| 3-Bedroom | $325,000 | $2,110 | 7.79% |
| 4+Bedroom | $390,000 | $2,530 | 7.78% |
| Houston avg. Rental Yields | 8.76% | ||
| PHILADELPHIA - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Philadelphia (all locations) | |||
| Studio | $145,000 | $1,350 | 11.17% |
| 1-Bedroom | $289,000 | $1,550 | 6.44% |
| 2-Bedroom | $275,000 | $1,800 | 7.85% |
| 3-Bedroom | $250,000 | $1,950 | 9.36% |
| 4+Bedroom | $380,000 | $2,300 | 7.26% |
| Philadelphia avg. Rental Yields | 8.42% | ||
| ATLANTA - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Atlanta (all locations) | |||
| 1-Bedroom | $259,000 | $1,700 | 7.88% |
| 2-Bedroom | $324,000 | $2,060 | 7.63% |
| 3-Bedroom | $349,500 | $2,600 | 8.93% |
| 4+Bedroom | $553,900 | $3,400 | 7.37% |
| Atlanta avg. Rental Yields | 7.95% | ||
| SEATTLE - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Seattle (all locations) | |||
| Studio | $299,500 | $1,400 | 5.61% |
| 1-Bedroom | $415,000 | $1,750 | 5.06% |
| 2-Bedroom | $650,000 | $2,550 | 4.71% |
| 3-Bedroom | $865,000 | $3,350 | 4.65% |
| 4+Bedroom | $1,181,000 | $3,830 | 3.89% |
| Seattle avg. Rental Yields | 4.78% | ||
| SAN FRANCISCO - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| San Francisco (all locations) | |||
| Studio | $519,000 | $2,350 | 5.43% |
| 1-Bedroom | $675,000 | $3,400 | 6.04% |
| 2-Bedroom | $1,150,000 | $4,650 | 4.85% |
| 3-Bedroom | $1,399,000 | $6,560 | 5.63% |
| 4+Bedroom | $1,795,000 | $7,100 | 4.75% |
| San Francisco avg. Rental Yields | 5.34% | ||
| PORTLAND - All Dwellings | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Portland (all locations) | |||
| Studio | $168,500 | $1,250 | 8.90% |
| 1-Bedroom | $285,000 | $1,500 | 6.32% |
| 2-Bedroom | $395,000 | $1,730 | 5.26% |
| 3-Bedroom | $520,000 | $2,200 | 5.08% |
| Portland avg. Rental Yields | 6.39% | ||
| 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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View the full rental yields dataset (2022 - 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 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.
