Get all the data you need about the real estate market in Oslo
We update this blog post regularly so that the numbers you see always reflect the latest available market data.
Oslo is one of the most expensive cities in Scandinavia to buy property, but some neighborhoods still offer surprisingly healthy rental returns, especially for smaller units.
Whether you are looking at your first investment or comparing Oslo to other markets, this guide breaks down what the numbers actually look like, neighborhood by neighborhood.
And if you're planning to buy a property in Oslo, you may want to download our real estate pack about Oslo.
A quick summary of the Oslo rental market in 2026
| Metric | Value |
|---|---|
| Oslo neighborhood with the best rental yield | Bjerke/Løren (studio apartment, 7.2% gross) |
| Oslo neighborhoods with the weakest rental yields | Nordstrand (detached house, 3.4% gross) and Nordstrand (townhouse, 3.7% gross) |
| Average gross yield across Oslo | Around 4.9% |
| Average net yield across Oslo | Around 3.9% |
| Median purchase price in this Oslo dataset | Approx. NOK 4,640,000 |
| Average monthly rent across Oslo property types | Approx. NOK 20,500 |
| Average occupancy rate across Oslo | Approx. 94% |
| Fastest Oslo leasing market | Bjerke/Løren and Grünerløkka studios (9 days average) |
| Slowest Oslo leasing market | Nordstrand detached houses (28 days average) |
| Highest occupancy Oslo market | Bjerke/Løren studios and Grünerløkka studios (97%) |
| Best value high-yield Oslo segment | Studios and compact apartments priced between NOK 2.3M and NOK 4.7M |
| Yield spread across Oslo (gross) | From 3.4% to 7.2%, a gap of about 3.8 percentage points |
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Oslo neighborhoods and property types in 2026 ranked by rental yield
This table ranks the top neighborhoods and property types in Oslo by gross rental yield.
For each neighborhood and property type, the table includes average purchase price, average monthly rent, gross rental yield, net rental yield, annual fees, average occupancy, average time to rent, main rental demand, main risk, and investment profile.
By the way, you'll find much more detailed data in our real estate pack about Oslo.
| # | Neighborhood | Property type | Gross rental yield | Net rental yield | Average purchase price | Average monthly rent | Ownership annual fees | Average occupancy | Average time to rent | Main rental demand | Main risk | Rental Investment Profile |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Bjerke/Løren | Studio apartment | 7.2% | 6.0% | NOK 2,300,000 | NOK 13,800 | NOK 42,000 | 97% | 9 days | Young professionals near new metro stations | High common charges in new builds | Top Pick |
| 2 | Søndre Nordstrand | 2-bedroom apartment | 6.6% | 5.3% | NOK 3,130,000 | NOK 17,200 | NOK 48,000 | 95% | 13 days | Budget-focused families and commuters | Tenant affordability pressure | Top Pick |
| 3 | Gamle Oslo/Tøyen | Studio apartment | 6.5% | 5.6% | NOK 2,880,000 | NOK 15,500 | NOK 50,000 | 97% | 10 days | Students and first-job renters | Fast wear from frequent turnover | Top Pick |
| 4 | Grünerløkka | Studio apartment | 6.4% | 5.5% | NOK 2,940,000 | NOK 15,800 | NOK 52,000 | 97% | 9 days | Young creatives and professionals | Premium pricing caps rent upside | Top Pick |
| 5 | Helsfyr/Sinsen | Studio apartment | 6.2% | 5.3% | NOK 2,770,000 | NOK 14,200 | NOK 44,000 | 96% | 11 days | Transit-led commuters and junior professionals | Competing supply in newer blocks | Strong Potential |
| 6 | Sagene/Torshov | Studio apartment | 5.9% | 5.0% | NOK 3,080,000 | NOK 15,200 | NOK 52,000 | 96% | 11 days | Hospital staff and young professionals | Tight entry yields after bidding wars | Strong Potential |
| 7 | Majorstuen | Studio apartment | 5.8% | 4.9% | NOK 3,390,000 | NOK 16,500 | NOK 56,000 | 96% | 10 days | Consultants and graduate renters | Very high entry pricing | Strong Potential |
| 8 | St. Hanshaugen | Studio apartment | 5.8% | 4.9% | NOK 3,250,000 | NOK 15,800 | NOK 54,000 | 96% | 10 days | Healthcare workers and professionals | Cap-rate compression | Strong Potential |
| 9 | Søndre Nordstrand | 3-bedroom apartment | 5.8% | 4.7% | NOK 4,050,000 | NOK 19,500 | NOK 56,000 | 94% | 15 days | Value-seeking larger households | Narrower exit-buyer pool | Strong Potential |
| 10 | Frogner | Studio apartment | 5.5% | 4.6% | NOK 3,470,000 | NOK 16,000 | NOK 58,000 | 95% | 12 days | Affluent singles and expats | Luxury pricing reduces yield | Good Potential |
| 11 | Bjerke/Løren | 1-bedroom apartment | 5.4% | 4.4% | NOK 3,690,000 | NOK 16,500 | NOK 50,000 | 96% | 12 days | Young couples near tech offices | Common-cost drag | Strong Potential |
| 12 | Bjerke/Løren | 2-bedroom apartment | 5.0% | 4.0% | NOK 5,330,000 | NOK 22,200 | NOK 62,000 | 95% | 15 days | Dual-income renters and small families | Slower reletting above mid-market | Good Potential |
| 13 | Grünerløkka | 1-bedroom apartment | 4.9% | 4.0% | NOK 4,730,000 | NOK 19,200 | NOK 58,000 | 96% | 12 days | Young couples and city workers | Expensive buy-in for the size | Strong Potential |
| 14 | Gamle Oslo/Tøyen | 1-bedroom apartment | 4.8% | 3.9% | NOK 4,640,000 | NOK 18,700 | NOK 56,000 | 96% | 12 days | Students and early-career couples | Block-by-block variation in micro-location | Good Potential |
| 15 | Helsfyr/Sinsen | 1-bedroom apartment | 4.7% | 3.9% | NOK 4,460,000 | NOK 17,500 | NOK 54,000 | 95% | 13 days | Transport-oriented professionals | Competition from nearby new stock | Good Potential |
| 16 | Nordstrand | 1-bedroom apartment | 4.7% | 3.8% | NOK 3,870,000 | NOK 15,000 | NOK 48,000 | 95% | 16 days | Quiet-area singles and couples | Weaker rental depth than inner Oslo | Good Potential |
| 17 | Søndre Nordstrand | Townhouse | 4.6% | 3.7% | NOK 5,870,000 | NOK 22,500 | NOK 78,000 | 93% | 19 days | Families needing more bedrooms | Longer vacancy between tenancies | Good Potential |
| 18 | Sagene/Torshov | 1-bedroom apartment | 4.6% | 3.7% | NOK 4,950,000 | NOK 18,800 | NOK 60,000 | 95% | 13 days | Stable professionals near the inner city | Bidding wars compress returns | Good Potential |
| 19 | Grünerløkka | 2-bedroom apartment | 4.5% | 3.7% | NOK 6,830,000 | NOK 25,800 | NOK 72,000 | 94% | 15 days | Flat-sharing professionals and couples | Affordability ceiling on rent growth | Good Potential |
| 20 | Majorstuen | 1-bedroom apartment | 4.5% | 3.6% | NOK 5,450,000 | NOK 20,500 | NOK 64,000 | 95% | 13 days | Professionals wanting west-side transit | Limited cash-flow margin | Good Potential |
| 21 | Gamle Oslo/Tøyen | 2-bedroom apartment | 4.5% | 3.6% | NOK 6,700,000 | NOK 25,200 | NOK 70,000 | 94% | 16 days | Flat sharers and young families | Noise and micro-location dispersion | Good Potential |
| 22 | St. Hanshaugen | 1-bedroom apartment | 4.5% | 3.6% | NOK 5,220,000 | NOK 19,500 | NOK 62,000 | 95% | 13 days | Doctors, academics and professionals | High acquisition cost | Good Potential |
| 23 | Helsfyr/Sinsen | 2-bedroom apartment | 4.4% | 3.5% | NOK 6,440,000 | NOK 23,800 | NOK 66,000 | 94% | 16 days | Families wanting fast transport links | New-build competition on rent | Good Potential |
| 24 | Majorstuen | 2-bedroom apartment | 4.3% | 3.4% | NOK 7,870,000 | NOK 28,500 | NOK 76,000 | 94% | 16 days | Affluent couples and relocations | Weak yield after financing costs | Moderate Appeal |
| 25 | Frogner | 1-bedroom apartment | 4.3% | 3.3% | NOK 5,580,000 | NOK 20,000 | NOK 68,000 | 94% | 15 days | Expats and corporate renters | Premium demand can soften quickly | Moderate Appeal |
| 26 | St. Hanshaugen | 2-bedroom apartment | 4.3% | 3.4% | NOK 7,540,000 | NOK 27,000 | NOK 74,000 | 94% | 15 days | Established couples near central services | Mid-size units face price resistance | Moderate Appeal |
| 27 | Sagene/Torshov | 2-bedroom apartment | 4.3% | 3.4% | NOK 7,150,000 | NOK 25,500 | NOK 70,000 | 94% | 15 days | Young families and long-term couples | Rent growth trails entry cost | Moderate Appeal |
| 28 | Frogner | 2-bedroom apartment | 4.2% | 3.2% | NOK 8,060,000 | NOK 28,000 | NOK 82,000 | 93% | 18 days | Diplomats and senior expats | Luxury segment vacancy risk | Moderate Appeal |
| 29 | Nordstrand | Townhouse | 3.7% | 2.8% | NOK 8,860,000 | NOK 27,000 | NOK 92,000 | 92% | 21 days | School-focused family renters | Expensive repairs and turnover gaps | Limited Appeal |
| 30 | Nordstrand | Detached house | 3.4% | 2.5% | NOK 11,200,000 | NOK 32,000 | NOK 145,000 | 90% | 28 days | Executive families wanting gardens | Very small tenant pool | Limited Appeal |
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Key insights about rental yields in Oslo
Insights
- In Oslo, studios and compact apartments take seven of the ten top spots by gross yield. Moving from a studio to a 2-bedroom unit in the same neighborhood usually cuts your gross yield by about 1 to 2 percentage points.
- Bjerke/Løren studios reach 7.2% gross yield, the highest in the Oslo dataset, because purchase prices there are roughly 30% lower than in prime west-side neighborhoods while rents stay competitive due to metro access.
- The gross yield gap between Oslo's best and worst entries is nearly 3.8 percentage points (7.2% versus 3.4%), which is unusually wide for a single city. Choosing the wrong property type matters as much as choosing the right neighborhood.
- Studios and 1-bedroom apartments in Grünerløkka and Gamle Oslo/Tøyen rent in 9 to 12 days on average, faster than any family-sized property in the dataset. Tenant depth is the real competitive advantage of central small units.
- Nordstrand detached houses sit at the very bottom of the table at 3.4% gross and 2.5% net. At NOK 11.2 million entry, the rent simply cannot keep pace with the purchase price, and the tenant pool is very narrow.
- New-build-heavy areas like Bjerke/Løren can look great on gross yield, but common charges in new buildings can be significantly higher than in older stock. Always check the homeowners' association fees before buying in a new development.
- Søndre Nordstrand is Oslo's most affordable entry point, with studios and 2-bedroom apartments reaching 6.6% gross yield. The trade-off is slightly longer reletting times and more tenant affordability pressure.
- Frogner and Majorstuen are consistently better for capital preservation than for cash flow. Both neighborhoods sit below 5.5% gross yield even for studios, and their net yields rarely exceed 4.6%.
- Helsfyr/Sinsen offers a useful middle ground in the Oslo market: lower entry cost than the inner-city core, but still strong transit-driven demand and occupancy rates above 95% for small units.
- Occupancy in Oslo is remarkably high overall, ranging from 90% for Nordstrand detached houses to 97% for central studios. The Oslo rental market is tight, which helps landlords, but it does not compensate for an overpriced purchase.
- The Oslo properties with the strongest all-round investor profile sit in the NOK 2.3 million to NOK 4.7 million range. Above NOK 7 million, net yields tend to fall below 3.5%, which makes financing costs much harder to absorb.
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About our methodology
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Oslo.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Oslo neighborhood and property type, we aggregated the freshest purchase price and monthly rent data available. When possible, we cross-checked multiple sources to confirm the same range.
This allowed us to estimate rental yield before costs. That is the gross yield, based on annual rent versus purchase price.
We then estimated rental yield after costs. That is the net yield, after recurring ownership and operating expenses specific to Oslo.
These expenses vary by neighborhood in Oslo. That is why two areas with similar rents can still produce different net returns.
For example, newer Oslo developments like those in Bjerke/Løren often carry higher homeowners' association fees, while older buildings in areas like Sagene/Torshov may carry more maintenance costs. In high-turnover areas near universities or transit hubs, vacancy and tenant-related costs can also be higher.
We also estimated ownership annual fees by combining the main recurring costs for each property. In Oslo, this includes property tax, municipal fees covering water, sewer and waste disposal, homeowners' association fees where relevant, insurance, and a maintenance reserve.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and property type to better reflect local ownership conditions in Oslo, which can differ meaningfully between inner-east and inner-west areas.
This table should therefore be read as a structured market estimate, not as an exact guarantee of future performance. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Oslo.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Oslo, we rely on verifiable sources and a transparent methodology.
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 reliable | How we used it |
|---|---|---|
| Statistics Norway (SSB) rental market survey | It is Norway's official national rent statistics source, produced by the government statistical office. | We used it as the primary rent anchor for Oslo and surrounding Bærum, broken down by unit size. We kept all modeled monthly rents consistent with official SSB market levels. |
| Oslo municipality rent table (BOL014) | It is Oslo municipality's own statistics bank, built and maintained by the city itself. | We used it to map the rent differences between Oslo's inner-west, inner-east and outer neighborhoods. We applied these gradients to adjust citywide figures into realistic neighborhood-level rent estimates. |
| Oslo municipality housing price tables | It is the city of Oslo's official local housing statistics portal, covering historical transaction data by district. | We used it as a historical cross-check for transaction values by geography and dwelling type. We made sure our district-level pricing was consistent with official municipal records. |
| Eiendom Norge monthly reports | Eiendom Norge is one of Norway's most established and widely cited housing market reporting bodies. | We used the latest available February 2026 Oslo-area report as a current market cross-check. We used it to keep our March 2026 estimates close to the most recent transaction trend before month-end. |
| Eiendom Norge rental reports | It is a recognized national dataset specifically focused on the rental housing segment in Norway. | We used it to confirm that our modeled rent direction matched broader professional rental-market evidence. We paid particular attention to relative pressure between smaller and larger unit types. |
| FINN price statistics | FINN is Norway's dominant property portal and the main live reference for real transaction and listing prices. | We used recent 12-month submarket averages per square meter for Oslo neighborhoods including Frogner, Majorstuen, Grünerløkka and Bjerke. We used those figures as the main micro-location purchase price anchor across all 30 rows. |
| FINN Oslo rental listings | FINN is the largest active rental marketplace in Norway, making it the best live source for rental market depth. | We used it to verify the volume of active rental listings in each Oslo submarket. We used it as a live sense check to confirm our modeled rents were neither too high nor too low. |
| Utleiemegleren press and statistics | Utleiemegleren is one of Norway's most established professional rental brokers with direct market data. | We used it as a professional-market cross-check on rent pressure and leasing conditions across Oslo. We drew on it to inform realistic reletting speed and tenant-profile assumptions for each neighborhood. |
| Oslo municipality 2026 municipal fees | It is the city's own official announcement of 2026 municipal charges for Oslo residents and property owners. | We used it to anchor the water, sewer and waste-fee components in our annual ownership cost estimates. We used it to avoid understating running costs in the net yield calculations. |
| Oslo municipality property tax page | It is the official Oslo city page covering property tax rules and rates. | We used it to confirm that property tax remains a relevant cost for Oslo property owners. We included it as part of the annual fee framework applied to all net yield estimates in the table. |
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