What rental yield can you get with a condo in Cartagena? (2026)

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Condo rental yields in Cartagena in 2026

This table compares condo rental yields in Cartagena by neighborhood and unit type.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studio condos, 1-bedroom condos, and 2-bedroom condos. It also includes a practical note on condo ownership costs, market demand, main risk, and the investment profile where the raw dataset supports a conclusion.

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

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

The best net-yield neighborhoods among areas people actually want to live in Cartagena are Crespo, El Cabrero, Manga, Cielo Mar, and El Laguito.

These areas combine estimated net yields of roughly 6.0% to 8.5% with real renter demand, acceptable livability, and better resale depth than purely cheap districts.

Crespo is the clearest income case. In this model, a studio condo in Crespo gives about 8.5% net yield, while a 1-bedroom condo gives about 7.8% net yield.

That is materially above Bocagrande, where the estimated studio net yield is only 4.5% and the 1-bedroom condo is 4.2%. The practical meaning is simple: Bocagrande rents are high, but prices are much higher.

El Cabrero and Cielo Mar also look strong because they sit between lifestyle demand and more rational entry prices. El Cabrero benefits from proximity to the old city and the waterfront, while Cielo Mar benefits from northern expansion and newer-building demand.

The honest interpretation is that the highest yield is not always the safest yield. Torices and Pie de la Popa show high estimated net yields, but Crespo, El Cabrero, Manga, Cielo Mar, and selected El Laguito buildings offer a better balance for a foreign beginner buyer.

Where can I find condos with above-average yields and below-average entry prices in Cartagena?

The best Cartagena areas for above-average yields and below-average entry prices are Crespo, Manga, Marbella, Pie de la Popa, and Torices.

The safest of these for a beginner are Crespo and Manga because they combine lower prices with stronger everyday residential demand.

Crespo’s estimated studio purchase price is about COP 240,000,000, compared with COP 520,000,000 in Bocagrande. Yet Crespo’s estimated studio rent is COP 2,000,000 per month, giving about 10.0% gross yield and 8.5% net yield.

Manga also looks attractive. A 1-bedroom condo in Manga is estimated at COP 423,000,000 with monthly rent around COP 3,000,000, giving about 8.5% gross yield and 7.0% net yield.

The local reason these areas are cheaper is not that they are irrelevant. Crespo and Manga are established residential districts rather than pure tourist-prestige zones, so rents are supported by local professionals, families, service-sector workers, and long-term tenants.

The trade-off is resale psychology. Foreign buyers often understand Bocagrande, Castillogrande, Centro, and Zona Norte faster than they understand Manga or Pie de la Popa, which means cheaper areas may give better income but sometimes a thinner resale buyer pool.

Where does the rent level justify the condo purchase price most clearly in Cartagena?

The rent level most clearly justifies the condo purchase price in Crespo, Manga, El Cabrero, Cielo Mar, and El Laguito.

These neighborhoods have stronger rent-to-price ratios than Bocagrande, Castillogrande, Centro Histórico, or Serena del Mar.

Crespo is the strongest example. A 1-bedroom condo at roughly COP 360,000,000 renting for COP 2,800,000 per month produces about 9.3% gross yield and 7.8% net yield.

El Cabrero also looks rational. Its estimated 1-bedroom purchase price is COP 496,000,000, with monthly rent around COP 3,350,000, producing about 8.1% gross yield and 6.4% net yield.

Bocagrande is the opposite. The dataset uses a coastal benchmark of about COP 13,000,000 per square meter for Bocagrande, so even good rents struggle to produce strong income returns after condo building costs.

The trade-off is liquidity. Bocagrande may be easier for foreign buyers to understand and resell, but Crespo, Manga, El Cabrero, Cielo Mar, and El Laguito give better income discipline.

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Where is the best place to buy if I want stable rental income rather than maximum yield in Cartagena?

The best Cartagena neighborhoods for stable rental income rather than maximum yield are Crespo, Manga, Castillogrande, El Cabrero, and Cielo Mar.

They are not always the absolute highest-yielding areas, but they have deeper and more durable rental demand.

Crespo is the strongest stability-income compromise. It has an estimated studio net yield of 8.5% and 1-bedroom net yield of 7.8%, while still being a normal residential neighborhood with daily services and airport access.

Manga is also stable because it is not dependent only on tourists. A 2-bedroom condo in Manga is estimated to produce COP 4,200,000 monthly rent and about 6.7% net yield.

Castillogrande is lower-yielding but more defensive. Its estimated 1-bedroom net yield is around 5.0%, lower than Crespo or Manga, but the tenant base is higher-income and the neighborhood has strong recognition.

The trade-off is cost. Stable income in Cartagena often means paying more for a better building and accepting a lower headline yield, especially when HOA-style administration fees, elevators, pools, security, insurance, and façade maintenance are involved.

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

The best Cartagena condo type for the strongest return with the lowest total investment is usually the studio condo or compact 1-bedroom condo.

Studios often show the highest yield, while 1-bedroom condos are usually the better balance of yield, tenant depth, and resale liquidity.

Across the table, studios generally outperform. Crespo studios show about 8.5% net yield, El Cabrero studios 7.1% net yield, Manga studios 7.7% net yield, and Pie de la Popa studios 7.9% net yield.

The reason is simple. The purchase price is much lower, but the monthly rent does not fall proportionally.

The 1-bedroom condo is the safer beginner product. A 1-bedroom condo in Manga gives about 7.0% net yield, Crespo gives 7.8%, Cielo Mar gives 6.0%, and El Cabrero gives 6.4%.

Two-bedroom condos are more expensive and usually lower-yielding. They work best where family or sharer demand is strong, such as Manga, Crespo, Castillogrande, and selected Serena del Mar buildings.

We give you more details in the our real estate pack about Cartagena.

Which neighborhoods offer strong rental income with the lowest vacancy risk in Cartagena?

The Cartagena neighborhoods that best combine strong rental income with lower vacancy risk are Crespo, Manga, El Cabrero, Castillogrande, and Cielo Mar.

They have enough tenant depth to support rents without relying only on seasonal tourist demand.

Crespo and Manga are the income-stability leaders. In the model, Crespo 1-bedroom condos generate around COP 2,800,000 monthly rent and 7.8% net yield, while Manga 1-bedroom condos generate around COP 3,000,000 and 7.0% net yield.

El Cabrero is attractive because it sits close to Centro Histórico without the same purchase-price burden. A 1-bedroom condo is estimated at COP 3,350,000 monthly rent and 6.4% net yield.

Castillogrande has lower net yield, but vacancy risk can be lower in good buildings because the tenant profile is higher-income and the neighborhood is highly recognized.

The honest interpretation is that high rent is not the same as low vacancy. Centro Histórico and Bocagrande can command high rents, but tenant demand is more exposed to tourism cycles, furnished-rental competition, and expensive building costs.

Which areas look overpriced relative to their rental income in Cartagena?

The Cartagena areas that look most overpriced relative to rental income are Bocagrande, Centro Histórico / San Diego, Serena del Mar, and parts of Castillogrande.

These are not bad places to live, but the rental-yield case is weaker.

Bocagrande is the clearest example. Its estimated 2-bedroom condo purchase price is about COP 1,170,000,000, with rent around COP 5,600,000, producing only about 5.7% gross yield and 3.7% net yield.

Centro Histórico / San Diego also has a weak income case relative to its prestige. Estimated net yields are around 4.6% to 4.8% because buyers pay for scarcity, heritage appeal, tourism proximity, and lifestyle.

Serena del Mar is expensive for current long-term rental income. A 1-bedroom condo is estimated at COP 630,000,000 and COP 3,600,000 monthly rent, or about 5.0% net yield.

The trade-off is important. These neighborhoods can be excellent lifestyle or capital-preservation choices, but a beginner buying for rental income should not confuse prestige with net yield.

Which neighborhoods should I avoid even if the rental yield looks attractive in Cartagena?

A beginner should be careful with Torices, Pie de la Popa, La Boquilla, and older El Laguito buildings, even when the rental yield looks attractive.

The headline yield can be real, but the risk-adjusted yield may be weaker.

Torices has high estimated yields because prices are low. A studio condo is estimated at COP 171,000,000 with COP 1,350,000 rent, giving about 9.5% gross yield and 7.9% net yield.

The issue is tenant depth, resale liquidity, and buyer perception. A high percentage return is less useful if the exit market is thin or the tenant pool is budget-sensitive.

La Boquilla can work in the right building, but beachfront appeal can hide vacancy risk. Some renters like the beach setting, while others prefer better daily convenience, shorter commutes, or more established residential services.

Older El Laguito buildings need careful inspection. Elevators, façade work, administration fees, reserve needs, and competition from newer coastal buildings can turn a good gross yield into a weaker net result.

Which neighborhoods look risky even though the rental yield is high in Cartagena?

The high-yield but riskier Cartagena neighborhoods are Torices, Pie de la Popa, La Boquilla, Marbella, and selected older El Laguito buildings.

They may produce attractive income, but the risk comes from liquidity, building quality, vacancy, or tenant depth.

Torices is the classic high-yield warning. Its estimated 1-bedroom net yield is 7.6%, but that yield reflects a low purchase price and a modest monthly rent of about COP 1,900,000.

Pie de la Popa has a similar pattern. It can deliver 7% plus net yields, but foreign-buyer demand and resale liquidity are thinner than in Bocagrande, Crespo, or Manga.

Marbella is not necessarily bad, but building and micro-location matter. The estimated 1-bedroom net yield is 6.2%, but road exposure, building age, and maintenance quality can vary a lot.

The safer alternative is to accept slightly lower yield in Crespo, Manga, or El Cabrero. Those areas still offer strong income but with better residential logic and more credible long-term tenant demand.

What neighborhoods should I avoid when buying a rental condo in Cartagena?

For a beginner rental-condo investor in Cartagena, the avoid-or-be-careful list is Torices, Pie de la Popa, La Boquilla, older El Laguito, and overpriced Bocagrande units.

The reason is different in each case, so the answer is not a full-neighborhood ban.

Torices should be avoided by beginners unless the purchase price is very low and the building is easy to maintain. The yield is high, but resale liquidity and tenant depth are weaker.

Pie de la Popa is not a complete avoid, but beginners should avoid overpaying. It works better for investors who understand local rental demand and can evaluate building quality.

La Boquilla should be approached building by building. A beachfront condo can look attractive, but long-term tenants may prefer more central or better-connected areas unless the building is priced correctly.

Older El Laguito buildings should be checked carefully because the risk is not only rent. It is administration fees, elevator condition, façade costs, reserve pressure, and competition from newer coastal buildings.

Bocagrande should not be avoided as a neighborhood, but beginners should avoid buying purely for yield at inflated prices. It is liquid and famous, but the rent-to-price ratio is often weak.

Which neighborhoods are seeing rental demand weaken, and why, in Cartagena?

The Cartagena neighborhoods where rental demand appears weaker or more selective are Manga, Crespo, parts of El Laguito, and some older coastal buildings.

This does not mean they are bad markets. It means renters have become more price-sensitive and building-selective.

The raw dataset notes that Manga and Crespo have seen demand and supply fall, while Zona Norte, Bocagrande, and Castillogrande remain among the most demanded areas for housing rentals.

That makes the situation nuanced. Crespo and Manga can still be good investments, but the rent must be realistic and the building must be easy to rent.

In Manga, demand is more long-term and local, not purely tourist-driven. That can be stable, but it also means tenants compare price, building age, parking, noise, and maintenance more carefully.

El Laguito faces a different issue because many buildings compete for similar coastal renters. If an older unit has weak maintenance or high administration fees, it may take longer to rent even when the headline yield looks good.

Which neighborhoods are seeing new developments that could create stronger rental demand in Cartagena?

The Cartagena neighborhoods where new development could support stronger rental demand are Serena del Mar, Cielo Mar, La Boquilla, and the broader Zona Norte corridor.

The key question is whether new development brings more tenants or just more competing condos.

Serena del Mar is the clearest development-led market. It has newer master-planned supply, lifestyle amenities, healthcare and education appeal, and a stronger long-term growth story.

But Serena del Mar’s estimated net yields are only about 4.8% to 5.5%, so investors are paying for future positioning more than current income.

Cielo Mar looks more balanced. It has a coastal and northern lifestyle profile, but the estimated 1-bedroom net yield is about 6.0%, better than Serena del Mar’s 5.0%.

La Boquilla benefits from beach and Zona Norte spillover, but it also has supply risk. If too many similar condo units enter the market, tenants gain bargaining power and rents can soften.

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

The neighborhoods most helped by infrastructure and access logic are Crespo, Cielo Mar, Serena del Mar, La Boquilla, and parts of Bocagrande connected by formal transport routes.

Better access matters because Cartagena traffic and commute convenience strongly affect renter choice.

Crespo benefits from airport proximity. The raw dataset notes that Rafael Núñez airport handled 7.76 million passengers in 2025, up 3.27%, with international traffic up 4.9%.

That supports the airport corridor’s relevance for tourism, aviation, services, and short-stay professional demand. It does not guarantee rent, but it helps explain why Crespo’s rent-to-price relationship looks strong.

Bocagrande has formal public-transport connectivity through Transcaribe routes. That does not solve all congestion, but it keeps Bocagrande connected to the wider city.

Cielo Mar, La Boquilla, and Serena del Mar benefit more from northern growth than from one single transport change. Their appeal improves as services, retail, medical, education, and lifestyle infrastructure deepen in Zona Norte.

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

The neighborhoods that have become less attractive for yield-focused condo investors are Bocagrande, Centro Histórico / San Diego, Serena del Mar, and some older El Laguito stock.

The main issue is yield compression, not livability.

Bocagrande remains desirable, but prices are high. With an average coastal benchmark around COP 13,000,000 per square meter, even good rents struggle to produce strong net yields.

Centro Histórico / San Diego has the same problem in a different form. Scarcity, tourism appeal, and heritage value support prices, but long-term residential yields remain modest at around 4.6% to 4.8% net yield.

Serena del Mar has become less attractive for pure income because entry prices are high relative to current long-term rents. It may still be attractive for a buyer who wants growth exposure and a newer lifestyle environment.

Older El Laguito buildings face rising selectivity. Renters compare them against newer buildings in Cielo Mar, Serena del Mar, and Zona Norte, so weak maintenance or high administration fees can damage the real return quickly.

Which condo types are becoming harder to rent in Cartagena, and in which neighborhoods?

The Cartagena condo types becoming harder to rent are mainly expensive 2-bedroom condos in premium areas, older studios in tired tourist buildings, and small units in oversupplied coastal buildings without strong amenities.

The issue is not bedroom count alone. It is price, building quality, fee burden, and tenant match.

Two-bedroom condos are harder when the rent becomes too high for the local tenant pool. In Bocagrande, the estimated 2-bedroom rent is COP 5,600,000, but the net yield is only 3.7% because the purchase price is so high.

Older studios can also be harder to rent in El Laguito or Marbella if the building feels dated. Studios should be the highest-yielding product, but only if the building has working elevators, security, reasonable administration fees, and good maintenance.

One-bedroom condos remain the most liquid rental product in many Cartagena neighborhoods. They work for single professionals, couples, expats, digital workers, and longer-stay renters.

In this dataset, 1-bedroom condos in Crespo, Manga, El Cabrero, and Cielo Mar give a strong mix of yield and tenant depth. The practical recommendation is to avoid overpriced 2-bedroom condos in premium buildings unless there is a specific tenant strategy.

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THE LATINVESTOR

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We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Cartagena. If you’d like to learn more about us, you can check our presentation page.