What rental yield can you get with a condo in Cabo San Lucas? (2026)

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Condo rental yields in Cabo San Lucas in 2026

This table compares condo rental yields in Cabo San Lucas by neighborhood and condo type.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, net rental yield, annual condo or HOA fee treatment, occupancy, time to rent, main demand, main risk, and rental investment profile. Some operating details are not separately reported in the raw dataset, so they are shown transparently rather than invented.

Finally, please note you'll find much more detailed data in our real estate pack about Cabo San Lucas.

Which neighborhoods offer the best net yield among areas people actually want to live in Cabo San Lucas?

The best net-yield neighborhoods among areas people actually want to live in Cabo San Lucas are Lienzo Charro Centro, Cabo San Lucas Centro, El Tezal, and Ventanas de Cabo.

These areas combine modeled net yields of roughly 4.5% to 6.5% with real tenant demand. That makes the income case more credible than in cheaper areas with weak livability or prestige areas with very high prices.

Lienzo Charro Centro is the top yield case. Its modeled studio condo net yield is 6.5%, and its 1-bedroom condo net yield is 6.2%, because purchase prices remain relatively low while renters still get central Cabo access.

Cabo San Lucas Centro is slightly more expensive but more liquid. The modeled studio net yield is 6.1%, and the 1-bedroom condo net yield is 5.2%, which is strong for a location near jobs, restaurants, nightlife, marina-adjacent employment, and daily services.

El Tezal is the best middle-ground choice. Its modeled yields are 5.4% for studios, 4.9% for 1-bedroom condos, and 4.7% for 2-bedroom condos, supported by the practical growth corridor for workers, families, hospitals, schools, and Costco-area shopping.

Ventanas de Cabo is a more specific gated-community version of the El Tezal story. Its modeled net yields of 4.5% to 5.0% are supported by moderate entry prices and family-friendly long-term demand.

Where can I find condos 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 Centro, Cabo San Lucas Centro, El Tezal, and Ventanas de Cabo.

These areas sit below the luxury beach-market price level while still producing modeled net yields above the table average. The table average is roughly 3.6% net yield, so the difference is meaningful for a beginner buyer.

Lienzo Charro Centro is above that level across all unit types, with 6.5% studio net yield, 6.2% 1-bedroom net yield, and 4.7% 2-bedroom net yield. Entry prices are also among the lowest in the dataset.

Cabo San Lucas Centro also screens well. A modeled MXN 2,900,000 studio condo renting for MXN 20,500 per month produces an estimated 6.1% net yield, while a MXN 3,700,000 1-bedroom condo renting for MXN 23,000 per month produces about 5.2% net yield.

El Tezal is not the cheapest area, but it is below beach and resort-zone pricing. A modeled MXN 4,800,000 1-bedroom condo renting for MXN 28,000 per month produces about 4.9% net yield, which is attractive for newer and easier-to-rent stock.

The local reason these areas remain cheaper is not a collapse in demand. It is mainly distance from prime beachfront, lower prestige than Pedregal or El Médano, and more competing condo supply.

Where does the rent level justify the condo purchase price most clearly in Cabo San Lucas?

Rent most clearly justifies the condo purchase price in Lienzo Charro Centro, Cabo San Lucas Centro, El Tezal, and Ventanas de Cabo.

These areas have the strongest rent-to-price relationship without depending on luxury tenants or highly seasonal demand. That is why they are more useful for income-first condo buyers.

Lienzo Charro Centro has the cleanest math. Its modeled studio condo price is MXN 2,400,000 and rent is MXN 18,000 per month, creating a 9.0% gross yield before costs and 6.5% net yield after modeled ownership drag.

Cabo San Lucas Centro is also rational. The modeled studio gross yield is 8.5%, and the 1-bedroom condo gross yield is 7.5%, helped by central access and everyday renter demand.

El Tezal’s rent-to-price relationship is slightly less aggressive but more stable. Its 1-bedroom condo gross yield is 7.0%, with a modeled net yield of 4.9%, which is strong for a newer growth corridor with family and professional demand.

El Médano and Marina show why high rent does not automatically mean good value. El Médano 2-bedroom condos can command around MXN 57,000 per month, but the modeled net yield is only 2.8% because purchase prices and building costs are high.

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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?

For stable rental income rather than maximum yield in Cabo San Lucas, El Tezal, Ventanas de Cabo, Cabo San Lucas Centro, and the Cabo San Lucas Country Club area are the strongest choices.

These areas are not always the highest-yielding options, but they have broader long-term tenant pools. For a cautious foreign buyer, that tenant depth can matter more than an extra point of gross yield.

El Tezal is the clearest stability choice. A modeled 1-bedroom condo produces 4.9% net yield, and a 2-bedroom condo produces 4.7% net yield, supported by working couples, small families, hospital workers, retail workers, and residents who want newer buildings away from the tourist core.

Ventanas de Cabo is similar but more gated-community oriented. Its 1-bedroom and 2-bedroom condos both model around 4.5% net yield, with lower entry prices than resort zones.

Cabo San Lucas Centro is stable because daily-life demand is deep. A 1-bedroom condo at MXN 23,000 per month is more affordable than beach-area rents, while still giving renters central access.

Country Club is a more conservative option. Its modeled 1-bedroom net yield is 4.0%, lower than El Tezal, but it can suit renters who want more space, parking, and a less intense urban environment.

Which condo or condo-style unit type gives the best return for the lowest total investment in Cabo San Lucas?

Studios give the highest return for the lowest total investment in Cabo San Lucas, but 1-bedroom condos are usually the better beginner product.

Across the dataset, studios average roughly 4.0% net yield, compared with about 3.7% for 1-bedroom condos and 3.3% for 2-bedroom condos. The studio advantage is strongest in Lienzo Charro Centro, Cabo San Lucas Centro, and El Tezal.

The lowest-ticket strong-return example is Lienzo Charro Centro. A modeled MXN 2,400,000 studio condo renting for MXN 18,000 per month produces 9.0% gross yield and 6.5% net yield.

The safer beginner choice is often a 1-bedroom condo in El Tezal or Cabo San Lucas Centro. El Tezal’s modeled 1-bedroom condo costs MXN 4,800,000, rents for MXN 28,000 per month, and nets about 4.9%.

Two-bedroom condos are more complicated in 2026. Market commentary in the raw dataset says the 2-bedroom condo segment remains under pressure, with heavy supply and many newly completed units entering the resale market.

The practical takeaway is simple. Studios maximize yield, 1-bedroom condos balance yield and liquidity, and 2-bedroom condos need careful buying because the total price and competition are higher.

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?

El Tezal, Ventanas de Cabo, Cabo San Lucas Centro, and Marina offer the best combination of rental income and relatively low vacancy risk in Cabo San Lucas.

These areas have different tenant pools, so the right choice depends on budget and risk tolerance. The key is that each area has a clear reason for long-term renters to choose it.

El Tezal is the strongest all-rounder. Its modeled 2-bedroom condo rent is MXN 36,000 per month, with a 4.7% net yield, supported by resident and family demand rather than only visitor demand.

Ventanas de Cabo has lower rent levels but strong affordability. A modeled 2-bedroom condo rents for MXN 27,000 per month and nets 4.5%, which can be defensive because the tenant pool is wider.

Cabo San Lucas Centro has strong tenant depth because many renters want central access. A modeled studio condo rents for MXN 20,500 per month and nets 6.1%, while a 1-bedroom condo rents for MXN 23,000 per month and nets 5.2%.

Marina has higher rent but a narrower tenant base. A modeled 1-bedroom condo rents for MXN 40,000 per month, but net yield is only 3.4% because prices and building costs are higher.

Which areas look overpriced relative to their rental income in Cabo San Lucas?

El Pedregal, Sunset Beach, Quivira, El Médano, and parts of the Marina look overpriced relative to long-term rental income in Cabo San Lucas.

These are not bad neighborhoods. They may be excellent lifestyle markets, but they are weaker income-first condo markets because the purchase price is high relative to achievable long-term rent.

El Pedregal has the clearest yield problem. A modeled 2-bedroom condo costs MXN 14,800,000, rents for MXN 59,000 per month, and nets only 1.7%.

Sunset Beach and Quivira show the same pattern. Their modeled 2-bedroom rents are high at MXN 55,000 to MXN 58,000 per month, but net yields remain around 2.3% to 2.5% because entry prices, HOA costs, resort costs, and tenant-pool limits are high.

El Médano is more nuanced. It has strong renter appeal because of beach access and walkability, but modeled net yields are only 2.8% to 3.4%.

Marina also carries a premium. A modeled studio condo can net around 3.8%, but larger Marina units fall closer to 2.8% to 3.4% net yield.

Which neighborhoods should I avoid even if the rental yield looks attractive in Cabo San Lucas?

Beginner rental investors should be careful with Misiones del Cabo, some older Cabo Bello buildings, and weak-quality central buildings even when the headline yield looks attractive.

The risk is not always the neighborhood. In Cabo San Lucas condos, the building can change the result through maintenance quality, reserves, HOA costs, parking, water reliability, and rental rules.

Misiones del Cabo has attractive modeled gross yields: 7.7% for studios and 6.9% for 1-bedroom condos. But net yields fall to 3.4% and 2.8% after vacancy, salt-air maintenance, older-building issues, and higher building-level costs.

Cabo Bello also looks appealing because rents are supported by beach access and the Cabo Corridor lifestyle. But modeled net yields sit around 2.7% to 3.1%, which is modest after HOA, insurance, maintenance, and weather exposure.

In Centro and Lienzo Charro, the risk is different. The modeled net yields are strong, but a poorly managed building can destroy the investment case.

The practical rule is to avoid the weak building, not necessarily the whole area. In Cabo San Lucas, building management, HOA transparency, water infrastructure, and maintenance reserves can matter as much as the street address.

Which neighborhoods look risky even though the rental yield is high in Cabo San Lucas?

Misiones del Cabo, Cabo Bello, and some central Cabo San Lucas buildings look risky even when headline yields are high.

Their risk-adjusted return can be weaker than the gross yield suggests. That is why net rental yield for condos in Cabo San Lucas deserves more weight than gross yield.

Misiones del Cabo is the clearest example. A modeled studio gross yield of 7.7% looks strong, but the modeled net yield is only 3.4%.

Cabo Bello has similar issues. The modeled 1-bedroom gross yield is 6.1%, but net yield is only 3.1%, because HOA and maintenance costs reduce the income case.

Central Cabo can also be risky if the building is wrong. Lienzo Charro Centro and Cabo San Lucas Centro have the best modeled yields, but investors should avoid buildings with weak administration, poor parking, poor water storage, no proper reserves, or too much short-term tenant turnover.

The safer alternative is often El Tezal or Ventanas de Cabo. Their modeled net yields are slightly lower than the very best central yields, but the tenant base is broader and the buildings are often newer.

What neighborhoods should I avoid when buying a rental condo in Cabo San Lucas?

For a beginner rental-condo investor in Cabo San Lucas, avoid El Pedregal, Sunset Beach, and Quivira if the main goal is rental income.

Also avoid weak buildings in Misiones del Cabo, Cabo Bello, and Centro unless the price is deeply discounted. The neighborhood name alone is not enough protection.

El Pedregal should be avoided for yield-focused buying. The modeled net yield is only 1.7% to 2.0%, because purchase prices are too high relative to long-term rents.

Sunset Beach and Quivira should be avoided by beginners who do not understand resort-community costs. Modeled net yields are around 2.2% to 2.5%, and the qualified long-term tenant pool is narrower.

Misiones del Cabo is not a blanket avoid, but beginners should be selective. It can produce high gross yields, but older stock, beach exposure, and seasonal demand can reduce the real return.

Centro and Lienzo Charro are not avoids, but weak buildings are. A beginner should avoid units with bad parking, poor building reserves, poor water reliability, difficult access, or unrealistic seller pricing.

Which neighborhoods are seeing rental demand weaken, and why, in Cabo San Lucas?

Rental demand appears softest in supply-heavy 2-bedroom condo segments, especially El Tezal, Ventanas de Cabo, Downtown and Centro, and some Cabo Corridor buildings.

The issue is not no demand. The issue is more competition from similar units, which weakens a landlord’s pricing power.

The raw dataset notes that Q1 2026 condo inventory was high, with 1,395 total condos on the market. It also notes that many of these were 2-bedroom configurations and that newly completed pre-construction units were competing with older inventory.

El Tezal is still attractive, but it has supply risk. Many buyers like its newer condos, views, road access, and practical location, but similar 1-bedroom and 2-bedroom units can compete directly on price and furnishing quality.

Ventanas de Cabo has the same issue on a smaller scale. The area is good for families and working residents, but similar gated-community product can make rent growth slower.

This looks more like a temporary supply digestion problem than a structural collapse. Cabo’s population and tourism economy still support demand, but investors should not underwrite automatic rent growth in ordinary 2-bedroom units.

Which neighborhoods are seeing new developments that could create stronger rental demand in Cabo San Lucas?

El Tezal, Ventanas de Cabo, Cabo San Lucas Centro, and the Country Club corridor are the main areas where development can strengthen rental demand in Cabo San Lucas.

The important warning is that new development can also increase competition. More services help renters, but more similar condos can make it harder for landlords to raise rents.

El Tezal benefits from growth in daily-life infrastructure, including retail, schools, health services, gated communities, and access to the Cabo San Lucas to San José corridor. That supports long-term residents, not only visitors.

Ventanas de Cabo benefits from the same broader El Tezal demand pattern. It is attractive for renters who want controlled access, parking, family space, and newer buildings at a lower price than beach zones.

Cabo San Lucas Centro benefits from infill development because renters value walkability and proximity to jobs. But new central condos can also compete directly with older buildings, so older units need a price advantage.

The Country Club corridor can gain from renters seeking more space and less tourist intensity. It is not the highest-yielding submarket, but it can attract tenants priced out of beach and Marina areas.

Which neighborhoods are becoming more attractive to renters because of recent infrastructure or transport changes in Cabo San Lucas?

El Tezal, Ventanas de Cabo, Country Club, and parts of Cabo San Lucas Centro are becoming more attractive because practical access matters more as Cabo grows.

Better mobility, retail access, services, schools, and health facilities can expand the tenant pool beyond visitors. That is important for condo rental yields in Cabo San Lucas because long-term tenants need convenience, not just views.

El Tezal benefits most from the shift toward practical living. Renters who work in Cabo or along the corridor often want parking, security, newer buildings, and easier access to schools, hospitals, and shopping.

Ventanas de Cabo benefits because it packages that same practical location into a gated-community format. That is useful for families and long-term tenants who prioritize security and convenience.

Country Club is more dependent on car access, but it can become more attractive if mobility improvements reduce friction. Its modeled 1-bedroom net yield of 4.0% is not spectacular, but it can offer a calmer rental product than Downtown.

Centro benefits from walkability. In a city with traffic and infrastructure pressure, the ability to live near work, restaurants, and services has real rental value.

Which neighborhoods have become less attractive for condo investors over the last 12 months in Cabo San Lucas?

The areas that have become less attractive for yield-focused condo investors are ordinary 2-bedroom-heavy submarkets, especially El Tezal, Ventanas de Cabo, Downtown and Centro infill, and some Cabo Corridor buildings.

They are not bad areas. The investment case is simply more price-sensitive in 2026 because the market rewards negotiation rather than fear of missing out.

The core reason is supply. The raw dataset says the 2-bedroom condo segment had its best quarter since Q1 2024, but remained under pressure because the majority of the 1,395 total condos on market were 2-bedroom configurations.

El Tezal still has strong renter logic, but buyers should not pay 2021 to 2022 growth premiums for ordinary units. Too many similar condos weaken landlord pricing power.

Ventanas de Cabo remains practical, but resale competition can be high if many owners list comparable units at once. Centro still works for yield, but older buildings face comparison against newer central or El Tezal product.

The trade-off is clear. These neighborhoods may still be good places to buy, but only with disciplined pricing and careful building selection.

Which condo types are becoming harder to rent in Cabo San Lucas, and in which neighborhoods?

Two-bedroom condos are becoming harder to rent in the most supply-heavy Cabo San Lucas submarkets, especially El Tezal, Ventanas de Cabo, Downtown and Centro, and parts of the Cabo Corridor.

Studios and 1-bedroom condos remain easier when priced correctly. They usually have lower total monthly rent, lower purchase price, and a wider tenant pool.

The evidence is strongest on the resale side. The raw dataset says the 2-bedroom condo segment is under pressure because many of the 1,395 condos on market are 2-bedroom units, and newly completed pre-construction units are competing with older inventory.

In El Tezal, 2-bedroom condos still have real demand from families and sharers, but renters compare many similar units. A modeled MXN 6,400,000 2-bedroom condo renting for MXN 36,000 per month works only if the unit has good parking, views, amenities, and management.

In Ventanas de Cabo, 2-bedroom condos are affordable and can rent, but many units compete on the same family-friendly gated-community story. Investors need either a better price or a better unit.

In Marina, El Médano, Quivira, and Sunset Beach, larger units are harder for a different reason: total monthly rent is high. A modeled Marina 2-bedroom rents for MXN 52,000 per month, and an El Médano 2-bedroom rents for MXN 57,000 per month, but the qualified long-term tenant pool is narrower.

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