Montenegro rental yields in 2026: the published figures, and what comes off them.
// Short answer
Global Property Guide puts Montenegro's average gross rental yield at 4.84% in Q2 2026, with Podgorica at 5.15%, Budva at 5.01% and Tivat at 4.36%. Those are gross figures from asking prices and asking rents, not what an owner keeps, and not a Brinkman Data calculation.
Rules and rates as of September 2026. Montenegro changed its residence rules in January 2026 and is negotiating EU membership, and official sources disagree on the income tax rate, so check the dated items again before you sign. Every figure links to its source.
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What is the average rental yield in Montenegro?
Global Property Guide puts Montenegro's average gross rental yield at 4.84% for Q2 2026, down from 5.59% in Q4 2025. The figures are gross, from median asking prices and asking rents on a local listing platform, and the same source says net is typically 1.5 to 2 points lower. These are that source's figures.
A gross yield is rent before any cost. The costs that come off it are listed further down.
What are rental yields in Podgorica, Budva and Tivat?
Per Global Property Guide's Q2 2026 data, the average gross yield is 5.15% in Podgorica, 5.01% in Budva and 4.36% in Tivat. All three are gross figures from asking prices and asking rents.
| City (Global Property Guide, Q2 2026) | Average gross yield |
|---|---|
| Montenegro | 4.84% |
| Podgorica | 5.15% |
| Budva | 5.01% |
| Tivat | 4.36% |
Do smaller units yield more in Montenegro?
In the published data, yes, in every city listed. In Global Property Guide's Q2 2026 data, a Podgorica one-bedroom shows 5.59% gross against 4.62% for a three-bedroom, and a Budva studio 5.68% against 4.42% for a three-bedroom. In Tivat, one- and two-bedrooms both show 4.36%.
| Unit (Global Property Guide, Q2 2026) | Gross yield |
|---|---|
| Podgorica, 1-bedroom | 5.59% |
| Podgorica, 3-bedroom | 4.62% |
| Budva, studio | 5.68% |
| Budva, 3-bedroom | 4.42% |
| Tivat, 1-bedroom and 2-bedroom | 4.36% |
The question that matters is never the city average. It is the building, the unit size and the rent it can actually get.
What comes off a gross rental yield in Montenegro?
Annual real estate tax of 0.25% to 1% of market value, possibly loaded by up to 150% on a second home. Tax on the rent, 15% per PwC, on rent less documented costs or a standard deduction. Building upkeep fees, for which no official norm was found. Vacancy and letting costs.
The standard deduction is 30% for an ordinary lease and 50% to 70% for property let for tourism. The detail: Montenegro property tax for foreigners.
Sources
Can a foreign owner run a holiday let in Montenegro?
Yes. Rooms, tourist apartments and flats of up to 10 rooms or 20 beds may be let to tourists by a natural person, local or foreign, who owns or co-owns the accommodation. The unit must meet minimum conditions and operate on a decision of entry in the Central Tourism Register.
- Display the category and prices including tourist tax, and issue receipts showing it.
- Keep a daily guest book, and report capacity, guests and overnight stays by the 10th of each month.
- Insure guests against accidents, and keep the register decision on the premises.
- Collect tourist tax, set by the municipality at €0.10 to €1.00 per person per night, and register guest arrivals within 24 hours.
No rent controls on residential leases, and no municipal ban or night cap on short lets, were found as of September 2026.
Sources
// Buying in Montenegro?
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See the $499 report, page by pageFrequently Asked Questions
What is a good rental yield in Montenegro?
Is Budva's yield higher than Tivat's?
Can a foreigner Airbnb an apartment in Montenegro?
How much is tourist tax in Montenegro?
Header photo: DinoMNE, CC BY-SA 3.0, via Wikimedia Commons. All credits: image credits.