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If you are thinking about buying an apartment in Querétaro as an investment, understanding what rental yields you can realistically expect is one of the most important steps before making any decision.
This guide breaks down everything you need to know about rental income, costs, and returns for apartments in Querétaro, written specifically for foreign buyers who want clear, honest numbers.
We constantly update this blog post to reflect the latest market conditions and data available.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Querétaro.
What rental yields can I realistically get from an apartment in Querétaro?
What's the average gross rental yield for apartments in Querétaro as of 2026?
As of early 2026, the average gross rental yield for apartments in Querétaro sits around 7% to 8%, which is actually among the highest you will find in any major Mexican city.
That said, real-world yields for most apartment investments in Querétaro typically fall within a range of 6.5% to 8.5%, depending on the specific property and its location within the city.
What makes yields vary significantly in Querétaro is the neighborhood you choose, because areas like Juriquilla or El Campanario command higher purchase prices that can compress yields, while emerging zones like Milenio III or Centro Sur often deliver stronger rent-to-price ratios due to more moderate property values relative to rental demand.
Compared to other major Mexican cities, Querétaro consistently outperforms places like Mexico City (where gross yields average around 5% to 6%) and Guadalajara (around 5.5% to 6.5%), making it one of the most attractive markets in the country for rental income.
What's the average net rental yield for apartments in Querétaro as of 2026?
As of early 2026, the average net rental yield for apartments in Querétaro lands around 4.5% to 5.5% after accounting for all typical operating costs but before income taxes.
Most apartment investors in Querétaro can realistically expect net yields in the range of 4% to 5.5%, with the exact figure depending heavily on your building's service charges and whether you self-manage or hire a property manager.
The single biggest expense that reduces gross yield to net yield in Querétaro is the combination of condominium service charges and property management fees, which together can consume 15% to 22% of your rental income, especially in newer buildings with pools, gyms, and security features that tenants expect but that drive up HOA costs.
By the way, you will find much more detailed data in our property pack covering the real estate market in Querétaro.
What's the typical rent-to-price ratio for apartments in Querétaro in 2026?
As of early 2026, the typical rent-to-price ratio for apartments in Querétaro is around 0.55% to 0.65% per month, which translates to roughly 6.6% to 7.8% on an annual basis.
Most apartment transactions in Querétaro fall within a rent-to-price range of 0.50% to 0.70% monthly, with the lower end representing premium neighborhoods and the higher end found in well-located but less prestigious areas.
Apartments that tend to have the highest rent-to-price ratios in Querétaro are typically smaller 1-bedroom units in middle-class neighborhoods like Milenio III, Centro Sur, or parts of El Refugio, where purchase prices remain moderate but rental demand from young professionals and corporate relocations stays strong.
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How much rent can I charge for an apartment in Querétaro?
What's the typical tenant budget range for apartments in Querétaro right now?
The typical monthly tenant budget for renting an apartment in Querétaro ranges from about 7,000 to 18,000 MXN, which works out to roughly $400 to $1,000 USD or €370 to €950 EUR depending on the size and location of the unit.
Tenants targeting mid-range apartments in Querétaro usually budget between 10,000 and 15,000 MXN per month, approximately $570 to $850 USD or €530 to €790 EUR, which is enough to secure a comfortable 2-bedroom in a safe neighborhood with decent amenities.
For high-end or luxury apartments in Querétaro, tenants typically budget 18,000 to 30,000 MXN per month or more, around $1,000 to $1,700 USD or €950 to €1,580 EUR, which gets them newer builds in premium areas like Juriquilla or El Campanario with full amenities and security.
We have a blog article where we update the latest data about rents in Querétaro here.
What's the average monthly rent for a 1-bed apartment in Querétaro as of 2026?
As of early 2026, the average monthly rent for a 1-bedroom apartment in Querétaro is around 9,000 to 10,000 MXN, approximately $510 to $570 USD or €475 to €530 EUR.
At the entry level, you can find decent 1-bedroom apartments in Querétaro for 7,000 to 8,500 MXN per month, roughly $400 to $480 USD or €370 to €450 EUR, and these are typically older buildings in neighborhoods like 10 de Abril or farther from the city center with basic finishes but functional spaces.
In the mid-range, typical 1-bedroom apartments rent for 9,000 to 11,000 MXN per month, around $510 to $625 USD or €475 to €580 EUR, and in Querétaro this usually means a unit in a gated building with parking, security, and maybe a shared pool in areas like Milenio III or parts of Centro Sur.
At the high end, luxury 1-bedroom apartments in Querétaro command 12,000 to 16,000 MXN per month, approximately $680 to $910 USD or €630 to €840 EUR, and these are typically new builds in Juriquilla or El Campanario with premium finishes, full amenities, and excellent views.
What's the average monthly rent for a 2-bed apartment in Querétaro as of 2026?
As of early 2026, the average monthly rent for a 2-bedroom apartment in Querétaro is around 11,000 to 12,500 MXN, approximately $625 to $710 USD or €580 to €660 EUR.
At the entry level, you can find decent 2-bedroom apartments in Querétaro for 8,500 to 10,000 MXN per month, roughly $480 to $570 USD or €450 to €530 EUR, which in Querétaro typically means an older building outside the premium zones but still in a safe area with basic amenities.
In the mid-range, typical 2-bedroom apartments rent for 11,000 to 14,000 MXN per month, around $625 to $795 USD or €580 to €740 EUR, and this is the sweet spot in Querétaro where you get a well-maintained unit in a gated community with parking, security, and common areas in neighborhoods like El Refugio or Centro Sur.
At the high end, luxury 2-bedroom apartments in Querétaro command 15,000 to 22,000 MXN per month, approximately $850 to $1,250 USD or €790 to €1,160 EUR, and these feature top-tier finishes, concierge services, rooftop amenities, and locations in Juriquilla or the newest towers in Zibatá.
What's the average monthly rent for a 3-bed apartment in Querétaro as of 2026?
As of early 2026, the average monthly rent for a 3-bedroom apartment in Querétaro is around 15,000 to 18,000 MXN, approximately $850 to $1,020 USD or €790 to €950 EUR.
At the entry level, you can find decent 3-bedroom apartments in Querétaro for 12,000 to 14,000 MXN per month, roughly $680 to $795 USD or €630 to €740 EUR, and in Querétaro these are typically older units or ground-floor apartments in less central but still family-friendly neighborhoods.
In the mid-range, typical 3-bedroom apartments rent for 15,000 to 20,000 MXN per month, around $850 to $1,135 USD or €790 to €1,050 EUR, and this segment in Querétaro offers spacious family apartments in established gated communities with kids play areas, pools, and good schools nearby.
At the high end, luxury 3-bedroom apartments in Querétaro command 22,000 to 35,000 MXN per month, approximately $1,250 to $1,990 USD or €1,160 to €1,840 EUR, and these are penthouse-style units or new construction in Juriquilla with premium everything and often rooftop terraces.
How fast do well-priced apartments get rented in Querétaro?
A well-priced apartment in Querétaro typically gets rented within 2 to 4 weeks for 1 and 2-bedroom units, while 3-bedroom apartments often take 4 to 8 weeks due to a smaller tenant pool at higher price points.
The typical vacancy rate for apartments in Querétaro is around 4% to 6% annually, which translates to roughly 2 to 3 weeks of downtime per year if you price correctly and maintain your property well.
What makes some apartments rent faster than others in Querétaro is primarily proximity to the industrial parks and business districts that drive so much of the city's rental demand, because corporate relocations and manufacturing executives need housing quickly and will pay market rates for well-located units with parking and security.
And if you want to know what should be the right price, check our latest update on how much an apartment should cost in Querétaro.
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 apartment type gives the best yield in Querétaro?
Which is better for yield between studios, 1-bed, 2-bed and 3-bed apartments in Querétaro as of 2026?
As of early 2026, studios and 1-bedroom apartments typically offer the best rental yields in Querétaro, followed by 2-bedrooms, with 3-bedrooms generally producing the lowest percentage returns.
The typical gross rental yield range by apartment type in Querétaro breaks down roughly as follows: studios and 1-beds at 7.5% to 8.5%, 2-beds at 6.5% to 7.5%, and 3-beds at 5.5% to 6.5%.
The main reason smaller units outperform in Querétaro is that the city's rental demand is heavily driven by young professionals, engineers, and executives relocating for jobs in the industrial and aerospace sectors, and these tenants typically live alone or as couples, creating strong demand for smaller units while larger family apartments face more competition from houses in gated communities.
Which features are best if you want a good yield for your apartment in Querétaro?
The features that most positively impact rental yield for apartments in Querétaro include at least one covered parking space, 24-hour security with controlled access, and proximity to the Bernardo Quintana corridor or the industrial zones that employ much of the city's professional tenant base.
In Querétaro, mid-level floors (3rd to 6th) tend to rent easiest because they offer a good balance of privacy and views without the heat issues of top floors or the security concerns some tenants have about ground-level units.
Apartments with balconies or small terraces do command slightly higher rents in Querétaro, typically 5% to 8% more, because outdoor space is valued by the many professionals working from home who want fresh air without leaving their building.
Building features like pools and gyms do attract tenants in Querétaro, but investors should be careful because the higher HOA fees they generate often eat more into net yield than the rent premium they command, so you want amenities that tenants will pay for without excessive service charges.
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Which neighborhoods give the best rental demand for apartments in Querétaro?
Which neighborhoods have the highest rental demand for apartments in Querétaro as of 2026?
As of early 2026, the neighborhoods with the highest rental demand for apartments in Querétaro include Juriquilla, Milenio III, Centro Sur, El Refugio, and Zibatá, all of which benefit from strong job-driven tenant pools.
What makes these Querétaro neighborhoods attractive to tenants is their proximity to the aerospace, automotive, and tech companies clustered along the Bernardo Quintana and Constituyentes corridors, combined with excellent access to shopping centers like Antea and Paseo Querétaro that serve as lifestyle anchors.
In these high-demand Querétaro neighborhoods, well-priced apartments typically rent within 2 to 3 weeks, and vacancy rates tend to stay below 4% annually because tenant turnover is quickly absorbed by new corporate arrivals.
One emerging neighborhood gaining rental demand momentum in Querétaro is Santa Rosa Jauregui, where newer affordable developments are attracting young professionals and families priced out of more established zones but still wanting good infrastructure and safety.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Querétaro.
Which neighborhoods have the highest yields for apartments in Querétaro as of 2026?
As of early 2026, the neighborhoods with the highest rental yields for apartments in Querétaro include Milenio III, Centro Sur, and select areas of El Refugio where purchase prices remain moderate relative to achievable rents.
Typical gross rental yields in these top-yielding Querétaro neighborhoods range from 7.5% to 9%, compared to 6% to 7% in more premium areas like Juriquilla or El Campanario where purchase prices are higher.
The main reason these neighborhoods offer higher yields in Querétaro is that they sit in the sweet spot between rental demand and purchase price, meaning tenants are willing to pay competitive rents for good locations and safe buildings, but property values have not yet been bid up to the levels seen in the most prestigious zones.
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.
Should I do long-term rental or short-term rental in Querétaro?
Is short-term rental legal for apartments in Querétaro as of 2026?
As of early 2026, short-term rentals are generally legal for apartments in Querétaro, with the state having relatively light regulations compared to Mexico City, which recently imposed strict 180-day annual limits.
The main legal requirements for operating a short-term rental apartment in Querétaro include registering with the SAT for tax purposes, paying the state lodging tax (impuesto al hospedaje), and ensuring your condominium bylaws permit vacation rentals since many buildings have internal rules that effectively restrict or ban short-term guests.
While there is no mandatory Airbnb license registry in Querétaro like the one Mexico City introduced in 2024, hosts must still comply with platform income tax withholding rules administered by the SAT and should keep records of all bookings for tax reporting purposes.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Querétaro.
What's the gross yield difference short-term vs long-term in Querétaro in 2026?
As of early 2026, short-term rentals in Querétaro can generate gross income that is roughly 15% to 35% higher than long-term rentals for similar 1 and 2-bedroom apartments, though this advantage shrinks significantly once you account for additional costs.
Typical gross yield ranges show long-term rentals at 7% to 8% and short-term rentals at 9% to 11% before expenses, but the net picture is more nuanced because STR operations involve platform fees of 3% to 15%, cleaning costs between guests, higher utility consumption, furnishing depreciation, and more intensive management.
The main additional costs that reduce the net yield advantage of short-term rentals in Querétaro include platform commissions, professional cleaning after each guest, higher turnover of linens and supplies, furnishing and decor maintenance, and the lodging tax plus SAT withholdings that apply specifically to accommodation services.
To outperform a long-term rental in Querétaro, a short-term rental typically needs to achieve at least 45% to 50% occupancy at competitive nightly rates, which is achievable in high-demand locations like Centro Histórico or near major business districts but challenging in more residential neighborhoods.
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What costs will eat into my net yield for an apartment in Querétaro?
What are building service charges as a % of rent in Querétaro as of 2026?
As of early 2026, typical building service charges for apartments in Querétaro run around 8% to 12% of monthly rent, which works out to roughly 1,000 to 1,500 MXN per month, approximately $57 to $85 USD or €53 to €79 EUR for a standard 2-bedroom unit.
The realistic range of building service charges in Querétaro spans from 5% of rent for basic older buildings up to 15% or more for amenity-heavy new developments, meaning you could pay anywhere from 500 to 2,500 MXN monthly, roughly $28 to $142 USD or €26 to €132 EUR.
What typically justifies higher-than-average service charges in Querétaro are premium amenities like rooftop pools, fully equipped gyms, coworking spaces, and extensive landscaping, which are common in newer vertical developments in Juriquilla and Zibatá but come with HOA fees that can materially reduce your net yield.
What annual maintenance budget should I assume for an apartment in Querétaro right now?
A typical annual maintenance budget for an apartment in Querétaro is around 0.5% to 1% of the property value, which for a 2 million MXN apartment works out to roughly 10,000 to 20,000 MXN per year, approximately $570 to $1,135 USD or €530 to €1,050 EUR.
The realistic range of annual maintenance costs in Querétaro depends heavily on apartment age and building condition, spanning from 8,000 MXN per year for newer construction with warranties up to 30,000 MXN for older buildings needing more frequent repairs, roughly $455 to $1,700 USD or €420 to €1,580 EUR.
The most common maintenance expenses apartment owners face in Querétaro include repainting between tenants (necessary every 2 to 3 years due to the dry climate causing paint to fade), water heater replacements (boilers wear out faster at altitude), and plumbing repairs related to hard water deposits that are common throughout the Bajío region.
What property taxes should I expect for an apartment in Querétaro as of 2026?
As of early 2026, typical annual property tax for an apartment in Querétaro runs around 0.10% to 0.25% of the cadastral value, which for a 2 million MXN apartment translates to roughly 2,000 to 5,000 MXN per year, approximately $114 to $284 USD or €105 to €263 EUR.
The realistic range of property taxes in Querétaro can span from 1,500 MXN for modest apartments up to 10,000 MXN or more for premium properties in high-value zones, roughly $85 to $570 USD or €79 to €530 EUR, depending on the cadastral assessment.
Property taxes in Querétaro are calculated using cadastral value tables that the municipality updates annually, and the 2026 tables were recently approved to better align cadastral values with actual market prices, which could mean slight increases for properties that were previously undervalued.
There are property tax discounts available for apartment owners in Querétaro, with the municipality offering 12% off if you pay in January and 8% off if you pay in February 2026, plus additional discounts for seniors, pensioners, and people with disabilities who meet certain requirements.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Querétaro.
How much does landlord insurance cost for an apartment in Querétaro in 2026?
As of early 2026, typical annual landlord insurance cost for an apartment in Querétaro ranges from 2,500 to 6,000 MXN per year, approximately $142 to $340 USD or €132 to €316 EUR, for a standard policy covering structure, contents, and basic liability.
The realistic range of annual landlord insurance costs in Querétaro spans from 2,000 MXN for basic coverage on a modest apartment up to 10,000 MXN or more for comprehensive policies on higher-value properties with extended coverage, roughly $114 to $570 USD or €105 to €530 EUR.
What's the typical property management fee for apartments in Querétaro as of 2026?
As of early 2026, the typical property management fee for apartments in Querétaro is around 8% to 10% of annual rent, which for an apartment renting at 11,000 MXN per month works out to roughly 10,500 to 13,200 MXN per year, approximately $600 to $750 USD or €555 to €695 EUR.
The realistic range of property management fees in Querétaro spans from 6% of rent for basic rent collection services up to 12% or more for full-service management including maintenance coordination and tenant screening, meaning annual costs of 7,900 to 15,800 MXN, roughly $450 to $900 USD or €415 to €830 EUR.
Services typically included in standard property management fees in Querétaro are tenant finding and screening, lease preparation, monthly rent collection, handling basic tenant requests, and coordinating routine maintenance, though major repairs and legal issues often incur additional charges.
We made this infographic to show you how property prices in Mexico 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 sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Querétaro, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Banco de México (Banxico) | Mexico's central bank publishing official reference rates. | We used it to anchor early 2026 financing context for realistic investor return expectations. We also use it as a sanity-check against rental yields versus risk-free rates. |
| Diario Oficial de la Federación (DOF) | Official gazette publishing daily currency and rate indicators. | We used it to convert short-term rental revenue benchmarks from USD into MXN using official reference points for accurate comparisons. |
| SHF House Price Index | Federal housing finance institution's widely cited price indicator. | We used it to validate that Querétaro has had meaningful recent house-price growth into early 2026. We use it as macro truth to cross-check portal asking prices. |
| Inmuebles24 Index Querétaro | Large national property portal with consistent index-style snapshots. | We used its reported price per square meter in Querétaro as our base sale-price benchmark. We then pair that with rent benchmarks to compute yields. |
| Líder Empresarial (Inmuebles24 data) | Business outlet clearly attributing rental data to Inmuebles24. | We used the 2-bedroom rent figure as an anchor datapoint for Querétaro and scaled other unit sizes around it using live asking-rent ranges. |
| Propiedades.com | Major Mexican housing platform with neighborhood-level price data. | We used it to name real neighborhoods and ground high-price versus high-demand areas in actual market segmentation for Querétaro. |
| Municipio de Querétaro | Municipal government describing tax base inputs for property tax. | We used it to support that property tax is computed from 2026 cadastral tables and to estimate realistic predial burdens for typical apartments. |
| AirDNA | Widely used STR analytics provider with transparent metrics. | We used occupancy and ADR as the quantitative core for short-term rental gross income estimates in Santiago de Querétaro for yield comparisons. |
| SAT Plataformas Tecnológicas | Mexico's tax authority explaining platform income treatment. | We used it to explain the tax and withholding reality for short-term rental income earned through platforms like Airbnb. |
| Global Property Guide | International property data provider with Mexico coverage. | We used it to benchmark Querétaro yields against national averages and other Mexican cities for comparative context. |
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