€1,200 / month
3% year on year
Rental demand remains a core driver of investment purchases in Malta, though yield varies significantly by locality - often more than price level alone would suggest.
Average advertised rent
A national average two-bedroom apartment advertises at around €1,200/month in 2026, with advertised rents growing at a much slower pace than in the double-digit years of 2021–2024 - recent annual growth has been closer to 3%.
Where yields are strongest
Rental yield does not track price level directly. Premium Northern Harbour localities such as Sliema and St Julian’s command the highest absolute rents but not necessarily the highest gross yields, since entry prices are also highest there. Comparatively affordable localities with solid rental demand - such as St Paul’s Bay - have been highlighted by market data providers as offering a stronger price-to-rent relationship for buy-to-let investors prioritising yield over prestige.
A rough way to think about it, locality by locality
We don’t have a per-locality rent index to pair against NSO’s per-locality price index, so we can’t publish a computed gross-yield table by area without the numbers being more precise than the underlying data actually is - and a fabricated-looking yield percentage would be worse than no number at all. What we can do honestly is compare each locality’s price level against its rental demand rating, both drawn from the same locality data used across this site, as a directional read on where yield is more or less likely to be attractive:
| Locality | Price level | Rental demand | Read |
|---|---|---|---|
| St Paul’s Bay | Moderate | High | Price level well below the harbour-area premium, with consistently strong tenant demand - a common pick for yield-focused buyers |
| Msida | Moderate | High | Central, near the University and hospital employment zones, without harbour-area pricing |
| Mellieħa | Moderate | High | Lower price level than the harbour area; demand skews seasonal/tourist alongside long-let |
| Birżebbuġa | Moderate | High | South-eastern coastal town, comparatively affordable, benefiting from nearby industrial/logistics employment |
| Gżira | High | Very high | Harbour-adjacent pricing, but very high demand keeps it in the conversation |
| Sliema | Very high | Very high | Highest absolute rents in Malta, but the highest entry price too - yield is not automatically the highest here |
| St Julian’s | Very high | Very high | Same dynamic as Sliema: premium rents, premium entry cost |
This is a starting point for where to look, not a substitute for pricing an actual property against actual comparable rents in that street. Always model a specific property’s likely rent against its actual asking price before treating any locality-level pattern as a return figure.
A note on the data
Malta does not have a single official published rental index equivalent to NSO’s Residential Property Price Index for sale prices. Rental figures on this page are drawn from aggregated advertised-listing data rather than registered transactions, and should be treated as indicative rather than exact. Any yield estimate you build from them should account for vacancy periods, income tax on rental income, maintenance and common-area fees, letting agent fees, and financing costs - none of which a simple rent-over-price calculation captures.
Sources
- Malta Rental Yields - City-by-City Performance - Global Property Guide