What are the rental yields for apartments in Riga? (2026)

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Neighborhoods and apartment rental yields in Riga in 2026

This table compares apartment rental yields in Riga by neighborhood and apartment size.

For each area, the table shows estimated purchase price, estimated monthly rent, gross rental yield, and net rental yield for studio apartments, 1-bedroom apartments, and 2-bedroom apartments.

Finally, please note you'll find much more detailed data in our real estate pack about Riga.

We have made this infographic to give you a quick and clear snapshot of the property market in Latvia. 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 offer the best net yield among areas people actually want to live in Riga?

The best net-yield neighborhoods among areas people actually want to live in Riga are Teika, Purvciems, Ķengarags, Imanta, and Iļģuciems.

These areas do not simply have high percentages. They combine strong estimated net rental yield in Riga with enough tenant demand, transport access, and resale liquidity to make the numbers more believable.

Ķengarags is the strongest income case among the more livable high-yield areas. A studio is estimated at €28,000 with €300 monthly rent, giving 12.9% gross yield and 8.1% net yield.

Teika gives a safer balance. Studios are estimated at 7.6% net yield, 1-bedroom apartments at 7.2%, and 2-bedroom apartments at 7.3%, while the neighborhood also has stronger buyer appeal than many cheaper districts.

Purvciems and Iļģuciems are practical middle-market choices. Purvciems 1-bedroom apartments show 7.3% net yield, and Iļģuciems 1-bedroom apartments also show 7.3%, which is strong for a normal long-term rental product.

The practical takeaway is that a beginner buyer should not chase Bolderāja only because it has the highest number. Teika, Purvciems, Ķengarags, Imanta, and Iļģuciems are more useful because the yield is supported by a broader everyday rental market.

Where can I find apartments with above-average yields and below-average entry prices in Riga?

The clearest Riga areas with above-average yields and below-average entry prices are Ķengarags, Iļģuciems, Imanta, Purvciems, Pļavnieki, Jugla, Ziepniekkalns, and Mežciems.

These neighborhoods generally sit far below Centrs, Skanste, Old Town, and Mežaparks on purchase price, but still show strong apartment rental yields in Riga.

Studio entry prices are especially low in this group. Ķengarags is estimated at €28,000, Iļģuciems at €30,000, Jugla at €32,000, Pļavnieki at €32,000, and Imanta at €33,000.

The rent still supports the price. Purvciems studios are estimated at €330 per month and 7.6% net yield, while Imanta studios are estimated at €320 per month and also 7.6% net yield.

One-bedroom apartments keep the same pattern. A Purvciems 1-bedroom is estimated at €50,000 and €470 monthly rent, while a Pļavnieki 1-bedroom is estimated at €47,000 and €445 monthly rent.

The honest interpretation is that the best value is not always the cheapest apartment in Riga. It is the apartment where the low price is still matched by steady local rental demand, reasonable liquidity, and a building that will not create constant repair surprises.

Where does the rent level justify the purchase price most clearly in Riga?

Rent most clearly justifies purchase prices in Ķengarags, Purvciems, Pļavnieki, Iļģuciems, Imanta, and Teika.

These neighborhoods have a stronger rent-to-price relationship than Riga’s prestige districts, which means rental income covers a larger share of the capital invested.

Ķengarags is the clearest example. A studio at €28,000 and €300 monthly rent produces 12.9% gross yield and 8.1% net yield, which is one of the strongest risk-adjusted signals in the dataset.

Purvciems also looks rational. A 1-bedroom apartment costs about €50,000 and rents for about €470 per month, giving 11.3% gross yield and 7.3% net yield.

Teika is useful because it is not the cheapest area, yet the rent premium still supports the price. A 2-bedroom apartment is estimated at €84,000 and €760 monthly rent, giving 10.9% gross yield and 7.3% net yield.

Old Town shows the opposite pattern. A 2-bedroom apartment is estimated at €167,000 and €1,050 monthly rent, but the net yield is only 4.7%, so the high rent does not fully compensate for the higher purchase price.

We have actually built the our real estate pack about Riga to make sure you won’t buy in the wrong area. Check it out.

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Where is the best place to buy if I want stable rental income rather than maximum yield in Riga?

The best places to buy for stable rental income rather than maximum yield in Riga are Teika, Centrs, Āgenskalns, Purvciems, Imanta, and Mežaparks.

These neighborhoods are not always the absolute highest-yield locations, but they offer deeper tenant pools and more credible long-term occupancy than the cheapest outer districts.

Teika is the strongest all-round answer. It shows estimated net yields of 7.6% for studios, 7.2% for 1-bedroom apartments, and 7.3% for 2-bedroom apartments, while remaining more liquid than many higher-yield suburbs.

Centrs is lower-yield but stable. Studios are estimated at 5.5% net yield, while 1-bedroom and 2-bedroom apartments are both estimated at 5.3%, supported by offices, universities, restaurants, transport, and walkability.

Āgenskalns and Mežaparks are lifestyle-stability plays. Āgenskalns 1-bedroom apartments show 6.1% net yield, while Mežaparks 2-bedroom apartments show 5.6%, with tenant demand tied more to livability than maximum rent-to-price efficiency.

The real signal is that maximum yield often comes with weaker liquidity. A foreign beginner who wants fewer tenant problems may prefer slightly lower yield in a neighborhood where the next tenant is easier to find.

Which apartment type gives the best return for the lowest total investment in Riga?

The apartment type that gives the best return for the lowest total investment in Riga is usually the studio apartment.

Studios work because the rent per euro invested is high. A small unit can rent to students, single workers, young professionals, and budget-conscious tenants without requiring a large purchase budget.

The clearest example is Ķengarags. A studio is estimated at €28,000 and €300 monthly rent, giving 8.1% net yield, while a 1-bedroom apartment is €43,000 and €420 monthly rent, giving 7.4% net yield.

Purvciems and Imanta show the same logic. Studio net yields are estimated at 7.6% in both neighborhoods, while their 1-bedroom apartment net yields are 7.3% and 7.0%.

One-bedroom apartments are still often better for beginners. They cost more, but they usually appeal to a wider tenant pool and can be easier to resell than very small or highly budget-oriented studios.

Two-bedroom apartments can work in the right area, especially Teika, Skanste, Mežaparks, and Centrs. But for pure rental income in Riga, a well-located studio or 1-bedroom apartment usually gives the cleaner entry point.

We give you more details in the our real estate pack about Riga.

Which neighborhoods offer strong rental income with the lowest vacancy risk in Riga?

The Riga neighborhoods that offer strong rental income with lower vacancy risk are Teika, Centrs, Skanste, Āgenskalns, Purvciems, and Imanta.

These areas combine meaningful rent levels with a tenant base that is broader than one small local demand group.

Skanste has the highest 2-bedroom rent estimate in the table at €1,150 per month. Its 2-bedroom net yield is 5.8%, which is moderate rather than spectacular, but the modern-building tenant profile can be stronger.

Centrs has high absolute rents. Studios are estimated at €500 per month, 1-bedroom apartments at €720, and 2-bedroom apartments at €1,000, which gives owners access to professionals, students, foreign residents, and renters who want daily convenience.

Teika is lower-rent than Skanste or Centrs, but the rent is easier for the local market to absorb. A 1-bedroom apartment at €550 per month and 7.2% net yield is a strong mix of income and tenant depth.

Purvciems and Imanta are practical stability choices. Their 1-bedroom rents around €450 to €470 per month are more affordable for ordinary Riga households, which can reduce reletting stress during weaker periods.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Latvia 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 areas look overpriced relative to their rental income in Riga?

The Riga areas that look overpriced relative to rental income are Old Town, Mežaparks, parts of Centrs, and some new-build Skanste apartments.

These neighborhoods can still be excellent places to live, but their income case is weaker than the practical residential districts.

Old Town is the clearest warning for a yield-focused buyer. A 2-bedroom apartment is estimated at €167,000 and €1,050 monthly rent, but the net rental yield is only 4.7%.

Mežaparks has a similar trade-off. A 1-bedroom apartment is estimated at €99,000 and €650 monthly rent, giving 5.3% net yield, which is respectable but not high for Riga.

Centrs is not automatically overpriced. The issue is that renovated or character apartments can carry a price premium that rents do not fully offset, especially when a buyer pays for architecture, prestige, or location rather than rent efficiency.

Skanste has stronger modern-building appeal, but the entry price is high. A 1-bedroom apartment is estimated at €117,000 and €800 monthly rent, giving 5.6% net yield, which is good for a premium district but below the strongest Riga income areas.

Which neighborhoods should I avoid even if the rental yield looks attractive in Riga?

Beginner investors should be cautious with Bolderāja and Vecmīlgrāvis even though the rental yield looks attractive in Riga.

The problem is not the yield number itself. The problem is tenant depth, resale liquidity, micro-location risk, and the chance that one vacancy period erases much of the apparent advantage.

Bolderāja has the highest headline yields in the table. Studios are estimated at 8.6% net yield, 1-bedroom apartments at 7.6%, and 2-bedroom apartments at 7.4%.

Vecmīlgrāvis also looks strong, with studio net yield at 7.8% and 1-bedroom net yield at 7.2%. But the tenant pool is narrower than in Teika, Purvciems, Imanta, or Centrs.

These areas can work for local investors who know the exact street, building condition, realistic rent, and tenant profile. They are harder for a foreign beginner because the margin of error is smaller.

The practical takeaway is simple. Do not buy a Riga apartment only because the table shows a high yield. Ask whether the apartment will still rent quickly and sell reasonably when the market is not perfect.

Which neighborhoods look risky even though the rental yield is high in Riga?

The Riga neighborhoods that look risky even though the rental yield is high are Bolderāja, Vecmīlgrāvis, and weaker pockets of Ķengarags and Ziepniekkalns.

These areas can show strong rent-to-price ratios because purchase prices are low, not because tenant demand is unusually deep.

Bolderāja studios show 14.3% gross yield and 8.6% net yield, which is the highest studio return in the table. But that return depends heavily on a very low purchase price of about €21,000.

Vecmīlgrāvis has the same logic. A studio at €24,000 and €260 monthly rent gives 13.0% gross yield and 7.8% net yield, but the tenant pool is more local and thinner.

Ķengarags is more attractive than those two, but it still requires micro-location discipline. A unit close to transport and daily amenities is very different from a tired apartment in a weaker block.

Ziepniekkalns is usually more balanced, but larger 2-bedroom apartments can be more sensitive to local household budgets. The safer income alternatives are Teika, Purvciems, Imanta, and Pļavnieki.

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What neighborhoods should I avoid when buying a rental apartment in Riga?

For a beginner rental-apartment investor in Riga, the avoid list is Bolderāja, Vecmīlgrāvis, overpriced Old Town units, and overpriced new-build or renovated units in Centrs and Skanste when the rent does not support the price.

This is not a claim that these are bad places in every case. It is a warning that the income case can be fragile if the price, tenant pool, or building quality is wrong.

Avoid Bolderāja unless the purchase price is very low and the apartment is easy to rent. Its studio net yield of 8.6% is attractive, but weak liquidity and thinner demand can make the investment harder to manage.

Avoid Vecmīlgrāvis if you do not understand local tenant demand. A studio can show 7.8% net yield, but the buyer is accepting a more limited renter base and potentially slower resale.

Avoid Old Town if the goal is long-term rental yield. Old Town 1-bedroom apartments show 4.8% net yield, and 2-bedroom apartments show 4.7%, which is low compared with Purvciems, Teika, and Ķengarags.

Avoid premium Skanste or Centrs units when the rent is not high enough to justify the price. A good neighborhood can still be a weak income investment if the buyer pays too much.

Which neighborhoods are seeing rental demand weaken, and why, in Riga?

Rental demand looks weakest in Riga’s less liquid outer districts and in overpriced premium units, especially Bolderāja, Vecmīlgrāvis, Old Town, and some high-priced Centrs or Skanste apartments.

The issue is not that nobody rents in these areas. The issue is that the renter pool is narrower, more price-sensitive, or less predictable than in Teika, Purvciems, Imanta, and Centrs.

Bolderāja and Vecmīlgrāvis are more local demand markets. Their high yields come from low entry prices, but a foreign owner may face longer reletting periods if the apartment is poorly located or badly renovated.

Old Town faces a different problem. It can command high absolute rents, such as €780 per month for a 1-bedroom and €1,050 for a 2-bedroom, but long-term tenants may prefer Centrs, Teika, Āgenskalns, or Skanste for easier daily life.

Premium Centrs and Skanste units are not weak markets, but they are price-sensitive. When the rent is high, the tenant pool becomes more selective and competing modern units matter more.

The practical recommendation is to stress-test rent assumptions. If the yield only works with perfect occupancy and top-of-market rent, the apartment is not a beginner-friendly Riga rental investment.

Which neighborhoods are seeing new developments that could create stronger rental demand in Riga?

The Riga neighborhoods where new developments could create stronger rental demand are Skanste, Torņakalns, the Central Station and Centrs area, and parts of Ķengarags.

The key point is that demand-creating development is different from extra apartment supply. Offices, transport, universities, public realm, and mixed-use projects can deepen demand, while new residential supply can also create competition.

Skanste has the clearest modern district story. It already shows high rents, with a 1-bedroom at about €800 per month and a 2-bedroom at about €1,150 per month, but purchase prices keep yields moderate.

Torņakalns is a medium-term regeneration and university-linked bet. Studios are estimated at 6.3% net yield, while 1-bedroom apartments are 6.2%, which gives an income base before any future improvement is priced in.

The Central Station and Centrs area should remain important because transport, offices, and services concentrate tenant demand. Centrs already shows €720 monthly rent for a 1-bedroom apartment and €1,000 for a 2-bedroom apartment.

Ķengarags has a more local improvement story. The yield is strong already, but the buyer must separate genuinely improved micro-locations from cheaper pockets where the high return mainly reflects lower liquidity.

We created this infographic to give you a simple idea of how much it costs to buy property in different parts of Latvia. 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.

Which neighborhoods have become less attractive for apartment investors over the last 12 months in Riga?

Over the last 12 months, the neighborhoods that look less attractive for yield-focused Riga apartment investors are Old Town, parts of Centrs, some premium Skanste units, Bolderāja, and Vecmīlgrāvis.

These areas are less attractive for different reasons. Some are expensive relative to rent, while others are cheap but carry more tenant-depth and liquidity risk.

Old Town remains desirable, but its long-term rental income does not fully justify purchase prices. A 2-bedroom apartment at €167,000 and €1,050 monthly rent gives only 4.7% net yield.

Centrs is still investable, but only with careful unit selection. A studio at €72,000 and €500 monthly rent gives 5.5% net yield, while overpriced renovated units can fall below the area average.

Skanste is becoming more competitive. Modern buildings and high rents are positive, but new-build pricing means a 1-bedroom apartment at €117,000 and €800 monthly rent produces 5.6% net yield rather than the 7% plus available in practical residential districts.

Bolderāja and Vecmīlgrāvis are less attractive for a different reason. Their yields are high, but the buyer is taking on more vacancy, micro-location, and resale risk.

The recommendation is not to avoid these areas blindly. The recommendation is to demand a better price when the apartment has either low yield or weak liquidity.

Which apartment types are becoming harder to rent in Riga, and in which neighborhoods?

The apartment types becoming harder to rent in Riga are overpriced 2-bedroom apartments in Old Town and premium Centrs, expensive new-build units where rent has stretched, and poorly located studios in weak outer districts.

Two-bedroom apartments need a clear tenant group. They work better in Mežaparks for families, Skanste for higher-income tenants, Teika for stable local demand, and Centrs for renters who want walkability.

Old Town 2-bedroom apartments are the main caution. The estimated rent is high at €1,050 per month, but the purchase price is also high at €167,000, which leaves only 4.7% net yield.

Premium Centrs and Skanste 2-bedroom apartments can still rent, but the owner is often waiting for a more specific tenant. Skanste 2-bedroom rents are estimated at €1,150 per month, which is a strong rent but not a mass-market budget.

Studios remain liquid when they are close to jobs, universities, transport, and daily services. That supports studios in Centrs, Teika, Āgenskalns, Torņakalns, Purvciems, and Ķengarags.

Studios become harder in weak outer locations when the only advantage is a low purchase price. A cheap studio is not enough if tenants have many similar options and the building is not convenient.

The practical rule is to buy tenant depth, not only apartment size. A compact apartment in a strong micro-location is usually safer than a larger apartment that depends on a narrow high-budget tenant pool.

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Who is the author of this content?

INVESTROPA

A team specialized in real estate investing in European 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 Riga. If you’d like to learn more about us, you can check our presentation page.