Rental Yield in Manila (2026)
Average gross and estimated net rental yields for property investors in Manila, Philippines. Updated April 2026.
Estimated Yield by Property Type
Gross yield calculated from average annual rent ÷ estimated purchase price. Net yield deducts estimated 15–20% for expenses.
| Unit Type | Avg Monthly Rent | Annual Rent | Est. Gross Yield | Est. Net Yield |
|---|---|---|---|---|
| Studio | PHP 20,000 | PHP 240,000 | 6.6% | 5.4% |
| 1 Bedroom | PHP 32,000 | PHP 384,000 | 5.8% | 4.8% |
| 2 Bedrooms | PHP 55,000 | PHP 660,000 | 5.5% | 4.5% |
| 3 Bedrooms | PHP 100,000 | PHP 1,200,000 | 5.2% | 4.3% |
| 4BR / House | PHP 200,000 | PHP 2,400,000 | 4.8% | 3.9% |
Gross yield estimates use average market purchase prices. Net yield deducts approx. 18% for maintenance, management, and vacancy. Actual returns vary.
Yield by Neighbourhood
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Open Yield Calculator →Manila Investment Market Overview
Metro Manila's rental market is anchored by BGC (Bonifacio Global City), Makati CBD, and Ortigas. Expat and POGO (offshore gaming) demand has softened but local professional demand remains strong. Condominiums dominate the rental market.
Investor Insights
- Standard: 2 months advance + 1 month deposit = 3 months rent upfront.
- Association dues (condo fees) range from PHP 50–150/sqm per month — separate from rent.
- Rent Control Act (RA 9653): max 7% increase for units below PHP 10,000/month.
- BGC has the highest yield potential among premium areas — strong expat demand.
- PEZA-registered BPO companies drive corporate housing demand near IT parks.
Compare Yields in Nearby Cities
Manila Investment Facts
Renttaag automatically calculates yield for each property as rent and expenses are recorded. Free for up to 3 properties.
Start Free →Rental Yield FAQs — Manila
What is a good rental yield in Manila?
The average gross yield in Manila is 5.8%. A yield above this is considered good. Smaller units (studios, 1BR) typically yield more than larger apartments because purchase prices don't scale proportionally with rent.
What is the difference between gross and net yield?
Gross yield = (annual rent ÷ property price) × 100. It ignores costs. Net yield deducts operating expenses — maintenance, management fees, insurance, and vacancy periods — typically 15–20% of gross rent. In Manila, the estimated net yield averages ~4.8%.
Which property type gives the best yield in Manila?
Studios and 1-bedroom apartments typically offer the highest gross yields in Manila because entry prices are lower relative to rental income. Studios average around 6.6% gross yield, while 3+ bedroom units may yield 5.2% or less.