What rental yield can you expect in Chile? (2026)

This article covers rental yields in Chile, from gross and net returns to the best-performing neighborhoods in 2026.

We constantly update this blog post with the latest Chilean real estate market data.

And if you're planning to buy property here, you may want to download our pack covering the real estate market in Chile.

Who is the author of this content?

THE LATINVESTOR

A team specialized in real estate investing in LATAM countries

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 Chile. If you’d like to learn more about us, you can check our presentation page.

What are the rental yields in Chile as of 2026?

What's the average gross rental yield in Chile as of 2026?

As of early 2026, the average gross rental yield in Chile sits at approximately 4.9% per year across all residential property types.

The realistic range for most properties spans 4.2% to 5.8%, depending on city and neighborhood.

This puts Chile roughly in line with national benchmarks, where Santiago clusters in the mid-4% to low-5% range, while secondary cities can push slightly higher.

The key factor influencing yields right now is that rents commonly adjust with inflation (many contracts reference CPI), while home prices haven't accelerated at the same pace, keeping yields stable or slightly rising.

What's the average net rental yield in Chile as of 2026?

As of early 2026, the average net rental yield in Chile is estimated at around 3.4% per year after all recurring costs.

The typical difference between gross and net yields runs about 1.5 percentage points, meaning landlords lose roughly a third of gross return to operating expenses.

The expenses that most reduce gross yield are vacancy and property taxes ("contribuciones"), which together account for 0.5% to 1.2% of property value annually.

For most investment properties in Chile, net yields range between 2.5% and 4.2%, varying mainly by vacancy rates and whether you self-manage or outsource.

By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Chile.

We made this infographic to show you how property prices in Chile compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.

What yield is considered "good" in Chile in 2026?

In Chile's residential market, a gross rental yield of around 5.5% or higher is generally considered "good," provided it comes with acceptable tenant quality and building condition.

The threshold separating average from high-performing properties sits around 5.5% gross, with anything approaching 7% or more usually signaling either a genuine opportunity or hidden risks like oversupply.

How much do yields vary by neighborhood in Chile as of 2026?

As of early 2026, the spread between highest and lowest-yield neighborhoods in Chile can reach 2.0 to 2.5 percentage points within the same city.

Highest-yield neighborhoods are central, transit-connected, mid-income areas like Santiago Centro (Metro Santa Isabel, Parque Almagro), Estación Central, and Independencia, where yields often range from 5.3% to 6.2%.

Lowest-yield neighborhoods are prime, lifestyle-driven areas like Las Condes (El Golf, Sanhattan), Vitacura, Lo Barnechea, and prime Providencia, or beachfront zones like Reñaca, where yields fall between 3.2% and 4.3%.

Yields vary so much because in premium areas, buyers pay for lifestyle and amenities, pushing prices up faster than rents can follow.

By the way, we've written a blog article detailing what are the current best areas to invest in property in Chile.

How much do yields vary by property type in Chile as of 2026?

As of early 2026, gross rental yields across property types in Chile range from about 3.5% for large houses to 6% or more for well-located studios and one-bedrooms.

Studios and one-bedroom apartments deliver the highest gross yields, thanks to lower purchase prices and strong demand from young professionals and students.

Standalone houses and large three-bedroom-plus apartments deliver the lowest yields because their higher prices aren't matched by proportionally higher rents.

Smaller units have a broader renter base and lower ticket prices, making the rent-to-price math more favorable for income-focused investors.

By the way, you might want to read the following:

What's the typical vacancy rate in Chile as of 2026?

As of early 2026, typical vacancy for residential rentals in Chile ranges from 5% to 8% for individual landlord-owned properties, while institutional multifamily buildings show 9% to 10%.

Across neighborhoods, vacancy can range from under 4% in high-demand areas like Providencia and Ñuñoa to over 12% in oversupplied pockets.

The main factor driving vacancy is the interplay between new supply and Chile's structural housing deficit of nearly 492,000 units, which keeps demand strong even when micro-markets show temporary oversupply.

Chile's vacancy rates sit in a moderate range, with strong renter demand from urbanization helping absorb new supply faster than in some neighboring markets.

Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Chile.

What's the rent-to-price ratio in Chile as of 2026?

As of early 2026, the average monthly rent-to-price ratio in Chile is approximately 0.41%, meaning landlords collect roughly 0.41% of purchase price in monthly rent.

A ratio around 0.45% or higher is considered favorable for buy-to-let investors, and this metric connects directly to yield since 0.41% monthly equals about 4.9% gross annually.

Chile's rent-to-price ratio is typical for Latin American capitals, similar to Colombia's major cities, though lower than some higher-yield emerging markets.

We have made this infographic to give you a quick and clear snapshot of the property market in Chile. 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 and micro-areas in Chile give the best yields as of 2026?

Where are the highest-yield areas in Chile as of 2026?

As of early 2026, highest-yield neighborhoods include Santiago Centro (Metro Santa Isabel, Parque Almagro), Estación Central, Independencia, Valparaíso Centro, and parts of Concepción's university district.

In these areas, gross yields typically range from 5.3% to 6.2%, with well-selected Santiago Centro properties occasionally pushing above 6%.

These high-yield areas share good transit access, strong rental demand from young professionals and students, and prices that haven't reached "prime" levels.

You'll find a much more detailed analysis in our property pack covering the real estate market in Chile.

Where are the lowest-yield areas in Chile as of 2026?

As of early 2026, lowest-yield neighborhoods include Vitacura, Las Condes (El Golf, Sanhattan), Lo Barnechea, prime Providencia, and Reñaca beachfront areas in Viña del Mar.

In these areas, gross yields typically range from 3.2% to 4.3%, reflecting the premium prices for these addresses.

Yields are compressed because prices are driven by lifestyle demand and owner-occupier competition rather than rental economics.

Buying a property in a low-yield area is one of the mistakes we cover in our list of risks and pitfalls people face when buying property in Chile.

Which areas have the lowest vacancy in Chile in 2026?

As of early 2026, lowest-vacancy neighborhoods include Providencia, Ñuñoa, well-located parts of Las Condes near employment centers, and central Concepción near universities.

In these areas, vacancy rates run between 3% and 5%, well below citywide averages of 8% to 10%.

Low vacancy is driven by proximity to jobs, universities, and Metro connections, creating a steady pipeline of renters prioritizing commute time.

The trade-off is higher purchase prices and compressed yields, so you're paying for stability rather than maximizing income.

Which areas have the most renter demand in Chile right now?

Strongest renter demand is in Providencia, Ñuñoa, select Santiago Centro corridors, Las Condes near job hubs, and central Concepción and Viña del Mar.

Demand is driven by young professionals, university students, and couples in their late twenties to early forties prioritizing walkability and transit access.

In these neighborhoods, well-priced units fill within two to four weeks, compared to six weeks or more elsewhere.

If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Chile.

Which upcoming projects could boost rents and rental yields in Chile as of 2026?

As of early 2026, top projects expected to boost rents are Metro Línea 7, 8, and 9 expansions in Santiago, plus the Tren Valparaíso-Santiago rail project.

Benefiting neighborhoods include Renca, Quinta Normal, and Vitacura (Línea 7); La Florida, Peñalolén, and Puente Alto (Línea 8); San Miguel, La Granja, and San Ramón (Línea 9); and Tiltil and La Calera (Valparaíso train).

Investors might realistically expect rent increases of 5% to 15% in affected micro-areas, though uplift will be gradual and property-specific.

You'll find our latest property market analysis about Chile here.

What property type should I buy for renting in Chile as of 2026?

Between studios and larger units in Chile, which performs best in 2026?

As of early 2026, studios and one-bedrooms in Chile outperform larger units on yield and often match them on occupancy.

Studios typically deliver 5.5% to 6.5% gross (roughly CLP 5.5 to 6.5 million per CLP 100 million, or USD 6,000 to 7,000 / EUR 5,500 to 6,400), while two-and-three-bedrooms yield only 4% to 5%.

Studios outperform because lower purchase prices create better rent-to-price math, while demand from young professionals remains strong.

That said, two-bedrooms can be better when targeting stable family tenants who stay longer, reducing vacancy and management costs.

What property types are in most demand in Chile as of 2026?

As of early 2026, the most in-demand property type in Chile is the well-located apartment near Metro and job centers, with studios through two-bedrooms leading.

Top three by demand: one-bedrooms (strongest), two-bedrooms (close second, especially for couples), and studios (strong but higher turnover).

This pattern is driven by urbanization and delayed homeownership among young adults who rent in transit-connected neighborhoods rather than commute from further out.

Large standalone houses underperform in demand as families who need that size often prefer to buy.

What unit size has the best yield per m² in Chile as of 2026?

As of early 2026, the best yield per m² comes from units of 25 to 45 square meters (studios and compact one-bedrooms).

For this optimal size, yields work out to roughly CLP 7,000 to 9,000 monthly per m² against CLP 1.4 to 1.8 million per m² purchase (USD 8 to 10 rent vs USD 1,500 to 2,000 purchase; EUR 7 to 9 vs EUR 1,400 to 1,850).

Larger units have lower yield per m² because tenants won't pay proportionally more for extra space, while prices per m² stay elevated.

By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Chile.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Chile 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.

What costs cut my net yield in Chile as of 2026?

What are typical property taxes and recurring local fees in Chile as of 2026?

As of early 2026, annual property tax ("contribuciones") for a typical rental apartment runs CLP 300,000 to 800,000 (USD 330 to 880 or EUR 300 to 800), depending on fiscal assessed value.

Beyond taxes, landlords should budget for "gastos comunes" and municipal charges, adding CLP 200,000 to 500,000 annually (USD 220 to 550 or EUR 200 to 500) in owner-side costs.

These typically represent 8% to 15% of gross rental income, depending on whether tenants pay common expenses.

By the way, we cover all the hidden fees and taxes in our property pack covering the real estate market in Chile.

What insurance, maintenance, and annual repair costs should landlords budget in Chile right now?

Landlord insurance costs roughly CLP 100,000 to 300,000 per year (USD 110 to 330 or EUR 100 to 300), with earthquake coverage potentially pushing premiums higher.

For maintenance and repairs, budget 0.5% to 1% of property value annually, roughly CLP 400,000 to 1,000,000 (USD 440 to 1,100 or EUR 400 to 1,000) for a typical apartment.

The expense most commonly catching landlords off guard is earthquake-related damage, as Chile sits in one of the world's most seismically active zones.

Total annual budget for insurance, maintenance, and repairs: CLP 500,000 to 1,300,000 (USD 550 to 1,430 or EUR 500 to 1,300).

Which utilities do landlords typically pay, and what do they cost in Chile right now?

In most long-term rentals in Chile, tenants pay electricity, water, gas, and internet directly, while landlords only cover building-level expenses during vacancy.

Landlord-paid utilities during vacancy run roughly CLP 30,000 to 80,000 monthly (USD 33 to 88 or EUR 30 to 80).

What does full-service property management cost, including leasing, in Chile as of 2026?

As of early 2026, full-service management costs 6% to 10% of monthly rent, roughly CLP 30,000 to 50,000 monthly (USD 33 to 55 or EUR 30 to 50) for a CLP 500,000/month apartment.

Leasing fees commonly run around 50% of one month's rent, roughly CLP 250,000 (USD 275 or EUR 250) per new tenant.

What's a realistic vacancy buffer in Chile as of 2026?

As of early 2026, landlords should set aside 8% to 12% of annual rental income as a vacancy buffer.

This means budgeting for 4 to 6 vacant weeks per year, though high-demand areas like Providencia may see less downtime.

What sources have we used to write this blog article?

Whether it's in our blog articles or the analyses in our property pack about Chile, we rely on the strongest methodology we can and don't throw out numbers at random.

We aim to be fully transparent, so below we've listed our sources and explained how we used them.

Source	Why it's authoritative	How we used it
Banco Central de Chile - IPV	Chile's central bank publishing an official housing price index.	We used it to anchor sale price movements into early 2026. We compared rent versus price growth to infer yield shifts.
Instituto Nacional de Estadísticas (INE)	Chile's official statistics agency for CPI and household data.	We used it to ground rent growth assumptions via inflation. We kept estimates consistent with official macro conditions.
INE - CPI Calculator	An INE tool using official CPI to compute changes between periods.	We used it to translate inflation into rent growth assumptions. We updated 2025 rent levels into January 2026.
MINVU - Housing Deficit Release	Housing ministry statement based on Census 2024 update.	We used it to support structural rental demand. We explained why vacancy stays resilient despite cycles.
MINVU Centro de Estudios - Housing Deficit PDF	Ministry research tied to census-based measurement.	We used it as a second reference for demand pressure. We triangulated vacancy narrative beyond private reports.
Servicio de Impuestos Internos (SII)	Chile's tax authority stating property tax rates and brackets.	We used it to model recurring taxes reducing net yield. We converted rates into practical annual drag ranges.
SII - Contribuciones Calculation Guide	Official guide showing how tax is computed in practice.	We used it to ensure tax deductions follow real logic. We explained the tax simply for non-professional readers.
Tesorería General de la República (TGR)	Public treasury explaining tax collection and use.	We used it to confirm property tax basics. We kept the article accurate while staying simple.
Colliers Chile - Residential Report 1Q 2025	Major global consultancy with formal research function.	We used it to cross-check sale prices and liquidity. We verified typical inventory and demand heading into 2026.
Colliers Chile - Multifamily Report 3Q 2025	Leading tracker of professionally managed rental buildings in Santiago.	We used it to anchor vacancy levels from a measurable submarket. We adjusted for the broader rental stock.
BDO Chile - Multifamily Report 3Q 2025	Large professional services firm with structured market tracker.	We used it to triangulate vacancy and rent signals against Colliers. We avoided relying on a single dataset.
CBRE Chile + ACAFI Reports Hub	Top global brokerage and Chile's investment fund administrators.	We used it to triangulate institutional investor views. We supported claims about demand and capital allocation.
Global Property Guide - Chile Rental Yields	Long-running international data publisher showing yield calculation inputs.	We used it as the baseline for gross yields by city. We updated the 2025 snapshot into January 2026.
Gobierno de Chile - Metro Línea 7	Official government source on a major transport project.	We used it to identify communes gaining accessibility. We named micro-areas where rent uplift is plausible.
Gobierno de Chile - Metro Línea 8	Official announcement listing communes served.	We used it to connect future demand to specific neighborhoods. We justified why mid-yield areas could tighten.
Gobierno de Chile - Metro Línea 9	Official source for project status and timing.	We used it to flag areas seeing gradual rent support. We gave neighborhood examples matching project geography.
MOP Concesiones - Tren Valparaíso-Santiago	Ministry of Public Works describing a national infrastructure project.	We used it to identify corridors seeing rent demand shifts. We supported beyond-Santiago picks with a concrete catalyst.