Immobilien: Diese fünf Städte bringen Vermietern die höchste Rendite

Five German cities offer the highest rental yields for landlords, according to the Baufi24 Mietrenditeatlas published this week. These cities outperform larger metropolises like Berlin and Munich, which have seen stagnant returns due to high property prices. The average rental yield for residential properties across the 52 examined cities increased to 4.17% in the first half of 2026, with the cities in the top seven – Hamburg, Berlin, Cologne, Düsseldorf, Frankfurt/Main, Stuttgart and Munich – yielding between 3.0% and 3.99%.

However, the top five cities for rental yields are primarily located in regions with weaker structural foundations. Higher yields often come with greater risks, such as higher vacancy rates or weaker prospects for price growth. Investors should carefully consider local market conditions before investing. Chemnitz tops the list with a rental yield of 5.77%, followed by Wuppertal at 5.26%, Mönchengladbach at 5.25%, Hagen at 5.24% and Krefeld at 5.21%.

However, even these cities may not offer the same high returns as their rankings suggest due to potential issues like high vacancy rates or lackluster price growth.