Get all the data you need about the real estate market in Cabo San Lucas
SUMMARY
We analyzed apartment rental yields in Cabo San Lucas as of 2026 for residential apartment buyers, using the raw dataset provided and treating apartments in multi-unit residential buildings as the comparable product.
This guide is built for foreign individual buyers who want to understand purchase prices, realistic rents, gross rental yield, and net rental yield before buying an apartment in Cabo San Lucas.
We update this apartment yield tracker regularly, so the figures should be read as a May 2026 snapshot rather than a permanent forecast.
The strongest net yield areas in the dataset are Lienzo Charro / 4 de Marzo, Libertad / Lomas del Sol, El Tezal, Centro, and Sunset / Rancho Paraíso. These areas produce the best rent-to-price relationship, especially for 1-bedroom and 2-bedroom apartments.
El Tezal is the cleanest beginner choice because it combines strong net yields of about 6.4% to 6.8% with newer housing, practical access, and broader tenant recognition than many local-value areas.
Pedregal, El Médano, and parts of Marina look weaker for pure rental income. They are desirable lifestyle and liquidity locations, but purchase prices absorb much of the rent.
In Cabo San Lucas, 1-bedroom apartments are usually the safest default format for a beginner rental investor. They need less capital than 2-bedrooms, are easier to furnish and maintain, and match demand from couples, professionals, remote workers, and some expats.
Two-bedroom apartments perform best in local-value areas such as Libertad / Lomas del Sol and Lienzo Charro / 4 de Marzo, where prices are low enough for rent to work. In prestige zones, the same 2-bedroom format often becomes less efficient.
The main risk is not just buying in the wrong neighborhood. The bigger beginner mistake is buying a weak building, paying high HOA costs, underestimating vacancy, or assuming that a beach or prestige address automatically means a strong net yield.
The practical interpretation is simple: apartment rental yields in Cabo San Lucas are strongest where daily-life demand and moderate prices meet. El Tezal is the best balanced market, while Lienzo Charro and Libertad can produce higher yields with more execution risk.
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Apartment rental yields in Cabo San Lucas in 2026
This table compares apartment rental yields in Cabo San Lucas by neighborhood and apartment type.
For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studio apartments, 1-bedroom apartments, and 2-bedroom apartments. The net yield already reflects the main local ownership costs and risk adjustments such as vacancy, HOA, maintenance, management, insurance, fideicomiso costs, and local carrying costs.
The raw dataset does not provide separate annual fees, occupancy, time-to-rent, demand, risk, or investment-profile columns, so those inputs are interpreted in the answers and methodology rather than invented inside the table. Finally, please note you'll find much more detailed data in our real estate pack about Cabo San Lucas.
| Neighborhood | Studio average purchase price | Studio average monthly rent | Studio gross rental yield | Studio net rental yield | 1-bedroom average purchase price | 1-bedroom average monthly rent | 1-bedroom gross rental yield | 1-bedroom net rental yield | 2-bedroom average purchase price | 2-bedroom average monthly rent | 2-bedroom gross rental yield | 2-bedroom net rental yield |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cabo Bello | MXN 4,700,000 | MXN 34,000 | 8.7% | 5.5% | MXN 5,600,000 | MXN 43,000 | 9.2% | 5.8% | MXN 7,600,000 | MXN 56,000 | 8.8% | 5.6% |
| Centro | MXN 3,000,000 | MXN 22,000 | 8.8% | 6.1% | MXN 3,400,000 | MXN 27,000 | 9.5% | 6.6% | MXN 4,200,000 | MXN 34,000 | 9.7% | 6.7% |
| El Médano | MXN 5,800,000 | MXN 43,000 | 8.9% | 5.3% | MXN 8,200,000 | MXN 60,000 | 8.8% | 5.3% | MXN 12,500,000 | MXN 85,000 | 8.2% | 4.9% |
| El Tezal | MXN 3,800,000 | MXN 30,000 | 9.5% | 6.4% | MXN 4,300,000 | MXN 36,000 | 10.0% | 6.8% | MXN 5,300,000 | MXN 44,000 | 10.0% | 6.8% |
| Ildefonso Green | MXN 2,900,000 | MXN 21,000 | 8.7% | 6.0% | MXN 3,300,000 | MXN 26,000 | 9.5% | 6.5% | MXN 4,000,000 | MXN 32,000 | 9.6% | 6.6% |
| Lienzo Charro / 4 de Marzo | MXN 2,700,000 | MXN 20,500 | 9.1% | 6.4% | MXN 3,100,000 | MXN 25,500 | 9.9% | 6.9% | MXN 3,700,000 | MXN 31,500 | 10.2% | 7.2% |
| Libertad / Lomas del Sol | MXN 2,500,000 | MXN 18,500 | 8.9% | 6.1% | MXN 2,900,000 | MXN 23,000 | 9.5% | 6.6% | MXN 3,300,000 | MXN 28,500 | 10.4% | 7.2% |
| Marina | MXN 5,500,000 | MXN 41,000 | 8.9% | 5.5% | MXN 6,400,000 | MXN 49,000 | 9.2% | 5.6% | MXN 8,800,000 | MXN 65,000 | 8.9% | 5.4% |
| Misiones del Cabo | MXN 4,200,000 | MXN 31,000 | 8.9% | 5.7% | MXN 4,900,000 | MXN 38,000 | 9.3% | 6.0% | MXN 6,300,000 | MXN 49,000 | 9.3% | 6.0% |
| Pedregal | MXN 7,200,000 | MXN 44,000 | 7.3% | 4.4% | MXN 8,300,000 | MXN 53,000 | 7.7% | 4.6% | MXN 10,100,000 | MXN 66,000 | 7.8% | 4.7% |
| Sunset / Rancho Paraíso | MXN 3,200,000 | MXN 24,000 | 9.0% | 6.1% | MXN 3,700,000 | MXN 30,000 | 9.7% | 6.6% | MXN 4,600,000 | MXN 39,000 | 10.2% | 6.9% |
| Tourist Corridor (Cabo side) | MXN 4,600,000 | MXN 32,000 | 8.3% | 5.2% | MXN 5,400,000 | MXN 40,000 | 8.9% | 5.5% | MXN 6,900,000 | MXN 52,000 | 9.0% | 5.6% |
We have made this infographic to give you a quick and clear snapshot of the property market in Mexico. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods offer the best net yield among areas people actually want to live in Cabo San Lucas?
The best net-yield neighborhoods among livable Cabo San Lucas areas are El Tezal, Centro, Misiones del Cabo, and Sunset / Rancho Paraíso.
El Tezal is the cleanest yield and liquidity compromise. The dataset shows about 6.4% net yield for studios and about 6.8% net yield for both 1-bedroom and 2-bedroom apartments.
Centro also looks practical for rental income. A 2-bedroom apartment is estimated at MXN 4.2 million and MXN 34,000 monthly rent, giving about 9.7% gross yield and 6.7% net yield.
Misiones del Cabo is less aggressive but still useful. Its apartment net yields sit around 5.7% to 6.0%, which is lower than El Tezal but stronger than Pedregal and most premium beachfront logic.
Sunset / Rancho Paraíso rewards buyers who accept hillside access and car dependence. Net yields run from about 6.1% for studios to 6.9% for 2-bedroom apartments.
For a beginner buyer, the practical takeaway is that El Tezal is usually the safest default. Centro and Sunset can produce strong numbers, but micro-location, parking, street noise, and building quality matter more.
Where can I find apartments with above-average yields and below-average entry prices in Cabo San Lucas?
The clearest above-average yield and below-average entry-price areas in Cabo San Lucas are Lienzo Charro / 4 de Marzo, Centro, Libertad / Lomas del Sol, and Sunset / Rancho Paraíso.
These are value areas rather than trophy areas. Entry prices range from about MXN 2.5 million for a Libertad / Lomas del Sol studio to about MXN 4.6 million for a Sunset / Rancho Paraíso 2-bedroom apartment.
Lienzo Charro / 4 de Marzo is one of the strongest examples. A 2-bedroom apartment is estimated at MXN 3.7 million, with MXN 31,500 monthly rent and about 7.2% net yield.
Libertad / Lomas del Sol is even cheaper on entry price. A 1-bedroom apartment is estimated at MXN 2.9 million and MXN 23,000 monthly rent, producing about 6.6% net yield.
The reason these areas are cheaper is not a hidden gift. They are less prestigious, less beach-driven, more local, and usually thinner for foreign-buyer resale demand.
The honest interpretation is that these areas can work, but they are not beginner-proof. A buyer should focus on clean buildings, practical access, parking, tenant screening, and realistic exit liquidity.
Where does the rent level justify the purchase price most clearly in Cabo San Lucas?
The rent level most clearly justifies the purchase price in El Tezal, Centro, Lienzo Charro / 4 de Marzo, and Sunset / Rancho Paraíso.
El Tezal is the most balanced example. Both 1-bedroom and 2-bedroom apartments show about 10.0% gross yield and 6.8% net yield, which means rent remains strong relative to the purchase price.
Lienzo Charro / 4 de Marzo has the highest 2-bedroom net yield in the dataset, at about 7.2%. That comes from a MXN 3.7 million purchase price and MXN 31,500 monthly rent.
Centro also has a rational rent-to-price relationship. A 1-bedroom apartment costs about MXN 3.4 million and rents for about MXN 27,000 per month, giving 9.5% gross yield and 6.6% net yield.
By contrast, El Médano has high rents but also high prices. A 2-bedroom apartment rents for about MXN 85,000 per month, yet net yield is only about 4.9% because the purchase price is around MXN 12.5 million.
The practical takeaway is that apartment rental yield in Cabo San Lucas is strongest where the rent is supported by daily-life demand, not only by beach appeal. We have actually built the our real estate pack about Cabo San Lucas to make sure you won’t buy in the wrong area. Check it out.
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Where is the best place to buy if I want stable rental income rather than maximum yield in Cabo San Lucas?
The best place to buy for stable rental income rather than maximum yield in Cabo San Lucas is El Tezal, followed by Marina, Centro, and Misiones del Cabo.
El Tezal gives the best stability and return mix. The dataset estimates MXN 30,000 to MXN 44,000 monthly rents across studio, 1-bedroom, and 2-bedroom apartments, with net yields of about 6.4% to 6.8%.
Marina is less efficient on yield, but it is easy for tenants to understand. It offers walkability, services, nightlife, and strong recognition, with net yields around 5.4% to 5.6%.
Centro gives better yield than Marina, with net yields around 6.1% to 6.7%. The trade-off is that building quality and street-by-street livability vary more.
Misiones del Cabo is useful for buyers who want ocean appeal without paying El Médano prices. It produces about 5.7% to 6.0% net yield, which is steady rather than spectacular.
For a foreign individual buyer, the stability question is about tenant depth. El Tezal and Marina usually have broader renter recognition than the highest-yield local-value pockets.
Which apartment type gives the best return for the lowest total investment in Cabo San Lucas?
The apartment type that gives the best return for the lowest total investment in Cabo San Lucas is usually the 1-bedroom apartment.
One-bedroom apartments need less capital than 2-bedroom apartments and have a broader renter pool than many studios. They fit single professionals, couples, remote workers, and some expat tenants.
In El Tezal, a 1-bedroom apartment is estimated at MXN 4.3 million and MXN 36,000 monthly rent, giving about 10.0% gross yield and 6.8% net yield.
Centro also shows the strength of the format. A 1-bedroom apartment costs about MXN 3.4 million, rents for about MXN 27,000 per month, and produces about 6.6% net yield.
Studios can work near walkable tourist and job demand, but they are more sensitive to tenant turnover and location quality. Two-bedroom apartments can produce strong numbers in local-value areas, but they require more capital and depend on a narrower tenant profile.
The beginner rule is simple: buy a good 1-bedroom apartment before chasing a cheap studio or a large 2-bedroom. We give you more details in the our real estate pack about Cabo San Lucas.
Which neighborhoods offer strong rental income with the lowest vacancy risk in Cabo San Lucas?
The neighborhoods that offer strong rental income with the lowest vacancy risk in Cabo San Lucas are El Tezal, Marina, El Médano, and Misiones del Cabo.
El Tezal offers the best combination of rent level and realistic tenant depth. It reaches MXN 30,000 for studios, MXN 36,000 for 1-bedroom apartments, and MXN 44,000 for 2-bedroom apartments.
Marina rents are also strong. The dataset shows MXN 41,000 monthly rent for studios, MXN 49,000 for 1-bedroom apartments, and MXN 65,000 for 2-bedroom apartments.
El Médano has the highest modeled rents in the table. A 2-bedroom apartment is estimated at MXN 85,000 monthly rent, but the net yield is only about 4.9% because the purchase price is high.
Misiones del Cabo sits in the middle. It has ocean-oriented appeal, rents of MXN 31,000 to MXN 49,000 across the three apartment types, and net yields around 5.7% to 6.0%.
The honest interpretation is that lower vacancy usually costs more upfront. The easiest apartments to rent in Cabo San Lucas are rarely the cheapest apartments to buy.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Mexico versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
Which areas look overpriced relative to their rental income in Cabo San Lucas?
The areas that look most overpriced relative to rental income in Cabo San Lucas are Pedregal, El Médano, and parts of Marina.
Pedregal is the clearest weak-yield case. Net yields are only about 4.4% for studios, 4.6% for 1-bedroom apartments, and 4.7% for 2-bedroom apartments.
El Médano is more expensive because buyers pay for beach access, rental recognition, and lifestyle appeal. A 2-bedroom apartment is estimated at MXN 12.5 million and MXN 85,000 monthly rent, but the net yield is still only about 4.9%.
Marina is more balanced than Pedregal, but it is still mid-pack for yield. A 2-bedroom apartment costs about MXN 8.8 million and rents for about MXN 65,000, giving about 5.4% net yield.
These are not bad neighborhoods. They are weaker for a buyer whose first goal is rental income rather than lifestyle, liquidity, or personal use.
The real signal is that prestige areas can have high rents and weak yields at the same time. In Cabo San Lucas, high rent does not automatically mean a good income investment.
Which neighborhoods should I avoid even if the rental yield looks attractive in Cabo San Lucas?
Beginner investors should be careful with Libertad / Lomas del Sol, Lienzo Charro / 4 de Marzo, and some Ildefonso Green apartments, even when the rental yield looks attractive.
Libertad / Lomas del Sol reaches about 7.2% net yield for 2-bedroom apartments. That is one of the strongest figures in the dataset, but the area depends more on local tenant demand and has thinner foreign-buyer liquidity.
Lienzo Charro / 4 de Marzo also reaches about 7.2% net yield for 2-bedroom apartments. The issue is that a weak building, poor street, or bad parking setup can erase the advantage quickly.
Ildefonso Green is not automatically a bad choice. It shows 6.0% to 6.6% net yield, but a beginner buyer needs to check building quality, access, noise, maintenance, and renter profile carefully.
The common risk is that the yield is driven by low purchase price, not by premium tenant demand. That can be fine for an experienced local buyer, but it is harder for a foreign individual buyer to manage remotely.
The practical recommendation is to avoid cheap units that only look good in a spreadsheet. In these areas, buy only when the building and micro-location are strong.
Which neighborhoods look risky even though the rental yield is high in Cabo San Lucas?
The neighborhoods that look risky even though the rental yield is high in Cabo San Lucas are Libertad / Lomas del Sol, Lienzo Charro / 4 de Marzo, and Sunset / Rancho Paraíso.
Libertad and Lienzo Charro show some of the strongest modeled net yields, with several apartment types around 6.1% to 7.2%. The numbers are attractive, but the risk-adjusted return is not automatic.
The risk in Libertad / Lomas del Sol is tenant depth and resale liquidity. The rent can work because the entry price is low, but the buyer must be comfortable with a more local market.
The risk in Lienzo Charro / 4 de Marzo is execution. Building quality, street conditions, parking, and maintenance are more important than the neighborhood average.
Sunset / Rancho Paraíso is different. Its yields are strong, with about 6.9% net yield for 2-bedroom apartments, but hillside access and car dependence can narrow tenant demand.
El Tezal is the safer comparison. It gives about 6.8% net yield on 1-bedroom and 2-bedroom apartments while offering broader renter recognition and newer apartment supply.
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What neighborhoods should I avoid when buying a rental apartment in Cabo San Lucas?
When buying a rental apartment in Cabo San Lucas, a beginner should avoid weak units in Libertad / Lomas del Sol, weak buildings in Lienzo Charro / 4 de Marzo, and overpriced income plays in Pedregal.
This is not a full-neighborhood ban. It is a warning against buying the wrong version of each market.
In Libertad / Lomas del Sol, the numbers can look excellent. A 2-bedroom apartment is estimated at MXN 3.3 million, rents for MXN 28,500 per month, and produces about 7.2% net yield.
The problem is that exit liquidity may be slower than in El Tezal, Marina, or El Médano. A foreign buyer should not rely only on the low purchase price.
In Lienzo Charro / 4 de Marzo, the 2-bedroom net yield is also about 7.2%, but the building must be good enough to attract tenants and hold resale value.
Pedregal has the opposite problem. The neighborhood is desirable, but net yields sit around 4.4% to 4.7%, so it is a weak choice for a buyer who mainly wants rental income.
The practical rule is to avoid both extremes: low-liquidity cheap apartments and prestige apartments priced too far above their rental income.
Which neighborhoods are seeing rental demand weaken, and why, in Cabo San Lucas?
The Cabo San Lucas neighborhoods most exposed to weaker rental demand are overpriced El Médano units, weaker Tourist Corridor apartments, and older or poorly located local-area apartments.
The weakness is product-specific rather than citywide. Tourism and resident housing demand remain important, but not every apartment benefits equally.
El Médano can still rent well, but expensive units need very high rents to justify the price. A 2-bedroom apartment at about MXN 12.5 million needs MXN 85,000 monthly rent just to reach about 4.9% net yield.
Tourist Corridor apartments can struggle when they are car-dependent and not clearly better than El Tezal or central Cabo options. A renter may like the setting but still choose daily convenience.
Older local-area apartments have a different problem. They can compete on price, but newer El Tezal buildings raise tenant expectations for parking, security, amenities, air-conditioning, and finishes.
The practical recommendation is to avoid apartments that need perfect rental conditions. In Cabo San Lucas, an expensive or inconvenient apartment has less room for error.
Which neighborhoods are seeing new developments that could create stronger rental demand in Cabo San Lucas?
The neighborhoods most likely to benefit from demand-creating development in Cabo San Lucas are El Tezal, Sunset / Rancho Paraíso, Centro, and selected Cabo-side Tourist Corridor pockets.
El Tezal is the strongest development-led rental story. It benefits from newer residential formats, highway access, shopping, schools, and proximity to both central Cabo and corridor employment.
The numbers already reflect that balance. El Tezal studios are estimated at MXN 3.8 million and MXN 30,000 monthly rent, while 1-bedroom apartments show about 6.8% net yield.
Sunset / Rancho Paraíso can gain as renters look for newer space below premium beach pricing. Its 2-bedroom apartments are estimated at MXN 4.6 million and MXN 39,000 monthly rent.
Centro benefits from services, jobs, shops, and walkability. It does not need luxury branding to support rental demand because daily-life demand is already there.
The caution is supply. New apartment projects can deepen the tenant pool, but they can also create competition if they only add similar units without improving access or services.
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Mexico. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
Which neighborhoods are becoming more attractive to renters because of recent infrastructure or transport changes in Cabo San Lucas?
The neighborhoods becoming more attractive to renters because of practical access and service improvements are El Tezal and Sunset / Rancho Paraíso, with Centro also benefiting from walkability.
El Tezal sits on the practical growth side of Cabo San Lucas. It works for tenants who want newer apartments, access to shopping, schools, highway routes, and central Cabo without paying El Médano prices.
The yield evidence is strong. El Tezal 1-bedroom apartments are estimated at MXN 4.3 million, MXN 36,000 monthly rent, 10.0% gross yield, and 6.8% net yield.
Sunset / Rancho Paraíso is more price-sensitive, but it benefits when renters accept hillside living in exchange for more space and lower rent than premium coastal areas.
Centro remains attractive because daily convenience matters in a busy resort city. Walkability to services, restaurants, jobs, and errands can matter as much as beach proximity for long-term tenants.
The buyer should not overpay for the infrastructure story. Better access helps demand, but the purchase price still has to leave room for net yield.
Which neighborhoods have become less attractive for apartment investors over the last 12 months in Cabo San Lucas?
The neighborhoods that have become less attractive for pure apartment investors in Cabo San Lucas are Pedregal, El Médano, and some Marina apartments.
These areas remain desirable, but prices have moved ahead of rental income. That makes the market less forgiving for a buyer focused on yield.
Pedregal is the clearest example. A 1-bedroom apartment is estimated at MXN 8.3 million and MXN 53,000 monthly rent, giving about 7.7% gross yield but only 4.6% net yield.
El Médano has stronger rent, but the purchase price is heavy. A 2-bedroom apartment is estimated at MXN 12.5 million and MXN 85,000 monthly rent, with about 4.9% net yield.
Marina is still more liquid and walkable than many areas, but it is not a top-yield market. Net yields sit around 5.4% to 5.6%, which is mid-pack in this dataset.
The recommendation is not to avoid these areas completely. Buy them only if personal use, prestige, walkability, or resale confidence matters as much as rental income.
Which apartment types are becoming harder to rent in Cabo San Lucas, and in which neighborhoods?
The apartment types becoming harder to rent in Cabo San Lucas are overpriced 2-bedroom apartments in premium zones, poorly located studios in local areas, and older apartments competing against newer El Tezal supply.
Premium 2-bedroom apartments in El Médano, Pedregal, and Marina need higher-income tenants or strong tourist-linked demand. Their monthly rents can be high, but the tenant pool is narrower.
El Médano shows the issue clearly. A 2-bedroom apartment rents for about MXN 85,000 per month, but net yield is only about 4.9% because the purchase price is about MXN 12.5 million.
Pedregal 2-bedroom apartments also look less efficient for income. They cost about MXN 10.1 million, rent for about MXN 66,000 per month, and produce about 4.7% net yield.
Studios work best in walkable, central, or tourism-linked areas. A Marina studio at MXN 41,000 monthly rent has a clearer renter story than a cheap studio in a car-dependent local pocket.
Older apartments in Centro, Ildefonso Green, or Lienzo Charro can still rent, but they need correct pricing and good maintenance. Newer El Tezal supply raises the standard for amenities, parking, security, and finishes.
The safest beginner choice remains a well-located 1-bedroom apartment in El Tezal, Centro, Misiones del Cabo, or Marina. It avoids the largest unit-size mistakes while keeping tenant demand broad.
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INSIGHTS
These insights are drawn from the Cabo San Lucas apartment rental yield dataset, with a focus on what a foreign individual buyer should understand before buying a residential apartment to rent out.
You’ll find even more insights in our our real estate pack about Cabo San Lucas.
- El Tezal is the best balanced apartment yield market in Cabo San Lucas. It is not only high-yield, it is also easier to understand, rent, and resell than many local-value areas.
- Lienzo Charro / 4 de Marzo and Libertad / Lomas del Sol have the highest income numbers, but the extra return comes with thinner liquidity. A beginner should treat those yields as a reward for better execution, not as a free premium.
- Pedregal is a lifestyle and prestige market before it is a rental-income market. Net yields around 4.4% to 4.7% are too low for a buyer who wants maximum apartment rental yield in Cabo San Lucas.
- El Médano rents are high, but the rent premium does not fully offset the purchase price premium. This is why a 2-bedroom apartment can rent for MXN 85,000 per month and still produce only about 4.9% net yield.
- Centro is one of the most practical yield markets in the dataset. It is less polished than the prestige zones, but walkability, services, and job access make the rent more resilient than the neighborhood image might suggest.
- One-bedroom apartments are the safest beginner format. They sit between studios, which can be more turnover-sensitive, and 2-bedroom apartments, which require more capital and often need a narrower tenant profile.
- Two-bedroom apartments only outperform clearly when purchase prices stay moderate. That is why the format looks better in Libertad, Lienzo Charro, Centro, and Sunset than in Pedregal or El Médano.
- Studios need the right location more than the lowest price. A studio near walkable, central, or tourism-linked demand can work, while a cheap studio in a weak local micro-location can be harder to rent than the spreadsheet suggests.
- Marina is a stability market rather than a top-yield market. It is liquid, walkable, and easy to rent, but net yields around 5.4% to 5.6% are not the highest in Cabo San Lucas.
- Misiones del Cabo offers a useful middle ground. It has ocean-oriented appeal without the full El Médano price premium, which keeps net yields around 5.7% to 6.0%.
- Cabo Bello is better for lifestyle investors than pure income investors. Its yields are respectable, but buyers are also paying for setting, comfort, and appeal rather than only rent efficiency.
- Sunset / Rancho Paraíso rewards buyers who understand access risk. The area can produce strong net yield, but car dependence and hillside living narrow the tenant pool.
- Gross yield is less useful than net yield in Cabo San Lucas because HOA costs, vacancy, management, maintenance, insurance, and fideicomiso costs can materially change the return.
- High HOA buildings can quietly turn a good gross yield into an average net yield. A buyer should inspect monthly charges and reserve-fund quality before trusting the rent number.
- The strongest rental-income signal is daily-life demand, not tourist glamour. Areas that serve workers, professionals, remote workers, and long-term residents often produce cleaner rent-to-price math.
- Foreign buyers should not assume that a better-known neighborhood is safer for income. It may be safer for resale or personal use, but the yield can still be weak.
- The most important Cabo San Lucas risk is buying the wrong building inside a decent area. Parking, noise, maintenance, security, access, and tenant screening can matter more than the neighborhood label.
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OUR METHODOLOGY TO BUILD THIS TRACKER
To estimate apartment purchase prices, monthly rents, and rental yields in Cabo San Lucas, we built the dataset manually from the ground up. We did not reuse a third-party yield dataset, and we did not treat the market as a generic condo guide.
For each neighborhood and apartment type, we manually researched current residential sale and rental listings across major real estate platforms relevant to Los Cabos, including Lamudi, Inmuebles24, and Realtor.com International.
First, we collected sale listings for each Cabo San Lucas neighborhood and apartment type. We then cleaned the sample by removing duplicates, incomplete listings, non-comparable properties, unrealistic asking prices, distressed assets, luxury outliers, serviced-style offers, and listings that would distort a normal residential apartment estimate.
For each segment, we kept only reasonably comparable properties based on location, apartment type, size, condition, and listing quality. We used the median price as the main reference where possible, and the average only when the sample was clean enough to make that appropriate.
We then built the rental side separately. For the same neighborhood and apartment type, we manually collected rental listings, removed outliers and non-comparable offers, and estimated a realistic monthly rent using the median rent where possible.
Purchase prices and rents were researched separately, then matched by neighborhood and apartment type to estimate gross rental yield. The gross rental yield was calculated as annual rent divided by estimated purchase price.
To estimate net rental yield, we did not apply one flat discount across the whole table. The deduction was adjusted by neighborhood and apartment type because different apartments have different cost structures, vacancy risks, maintenance needs, management costs, leasing costs, insurance exposure, local ownership costs, HOA charges, and fideicomiso carrying costs.
This matters because a small central apartment, a premium beach-oriented apartment, and a lower-cost local-area apartment should not be treated as if they have the same operating cost profile. Cabo San Lucas has large differences between lifestyle zones, local-value zones, and practical growth areas.
Each estimate receives a confidence view based on the quality and size of the comparable listing sample. A segment with 30 to 40 comparable listings has higher confidence, 20 to 30 comparable listings is usable but less robust, and fewer than 20 comparable listings is directional only unless the comparable area is widened.
These estimates are structured market estimates, not guarantees of future rental income. Honesty, quality, and rigor are central to this work, and they are also what you will find in our real estate pack about Cabo San Lucas.
