Where to buy an apartment for rental income in Tbilisi
Rental yield, payback period and price per square meter for apartments by district, calculated from current rent and sale listings.
Where to buy an apartment for rental income in Tbilisi
Highest rental yield
Samgori
Average payback period
16.0 yrs
The analysis uses 5,013 rental listings and 3,256 sale listings.
District ranking by rental yield
| # | District | Median purchase price | Median rent | Rental yield | Payback period | Price per m² | Rental listings | Sale listings |
|---|
| 1 | Samgori | $75,000 | $550 / mo | 8.8% | 11.4 yrs | $1,250 | 35 | 30 |
| 2 | Digomi 1-9 | $92,900 | $600 / mo | 7.8% | 12.9 yrs | $1,466 | 50 | 44 |
| 3 | Moskovsky Ave | $80,000 | $500 / mo | 7.5% | 13.3 yrs | $1,415 | 46 | 36 |
| 4 | Varketili | $82,000 | $500 / mo | 7.3% | 13.7 yrs | $1,280 | 157 | 152 |
| 5 | Lisi | $125,000 | $750 / mo | 7.2% | 13.9 yrs | $1,851 | 45 | 76 |
| 6 | Didi Digomi | $85,500 | $500 / mo | 7.0% | 14.3 yrs | $1,418 | 695 | 632 |
| 7 | Ortachala | $122,000 | $700 / mo | 6.9% | 14.5 yrs | $1,797 | 161 | 167 |
| 8 | Isani | $104,500 | $600 / mo | 6.9% | 14.5 yrs | $1,394 | 222 | 108 |
| 9 | Nutsubidze | $112,550 | $650 / mo | 6.9% | 14.4 yrs | $1,759 | 103 | 156 |
| 10 | Vazisubani | $87,000 | $498 / mo | 6.9% | 14.6 yrs | $1,430 | 50 | 54 |
| 11 | Mukhiani | $87,250 | $495 / mo | 6.8% | 14.7 yrs | $1,314 | 66 | 50 |
| 12 | Gldani | $89,250 | $500 / mo | 6.7% | 14.9 yrs | $1,460 | 221 | 136 |
| 13 | Vashlijvari | $95,000 | $510 / mo | 6.4% | 15.5 yrs | $1,440 | 43 | 64 |
| 14 | Sanzona | $103,500 | $550 / mo | 6.4% | 15.7 yrs | $1,458 | 111 | 67 |
| 15 | Nadzaladevi | $106,000 | $553 / mo | 6.3% | 16.0 yrs | $1,542 | 161 | 69 |
| 16 | Bagevi | $155,000 | $800 / mo | 6.2% | 16.1 yrs | $2,049 | 53 | 39 |
| 17 | Didube | $116,000 | $600 / mo | 6.2% | 16.1 yrs | $1,737 | 251 | 110 |
| 18 | Temka | $95,500 | $495 / mo | 6.2% | 16.1 yrs | $1,190 | 34 | 20 |
| 19 | Avlabari | $142,000 | $700 / mo | 5.9% | 16.9 yrs | $1,943 | 61 | 52 |
| 20 | Digomi Massiv | $115,000 | $550 / mo | 5.7% | 17.4 yrs | $1,602 | 141 | 69 |
| 21 | Saburtalo | $150,000 | $700 / mo | 5.6% | 17.9 yrs | $2,049 | 1471 | 716 |
| 22 | Krtsanisi | $175,000 | $800 / mo | 5.5% | 18.2 yrs | $1,944 | 45 | 33 |
| 23 | Mtatsminda | $182,000 | $825 / mo | 5.4% | 18.4 yrs | $2,314 | 94 | 27 |
| 24 | Chugureti | $139,500 | $600 / mo | 5.2% | 19.4 yrs | $1,713 | 163 | 84 |
| 25 | Vera | $200,000 | $850 / mo | 5.1% | 19.6 yrs | $2,451 | 109 | 35 |
| 26 | Vake | $279,500 | $1,100 / mo | 4.7% | 21.2 yrs | $2,692 | 378 | 204 |
| 27 | Sololaki | $177,500 | $700 / mo | 4.7% | 21.1 yrs | $2,437 | 47 | 26 |
Market insight
The index currently includes 27 districts that pass the minimum sample threshold for both rent and sale listings.
FAQ
Which Tbilisi district has the highest rental yield?
Samgori currently has the highest calculated rental yield: 8.8%.
What is the average payback period for a apartment in Tbilisi?
Across districts with enough data, the average payback period is about 16.0 yrs.
How is rental yield calculated?
Gross rental yield is calculated as median monthly rent multiplied by 12 and divided by the median purchase price.
What matters more: purchase price or rent?
Both matter together. A low purchase price is not enough if rent demand is weak, and high rent may not compensate for an inflated purchase price.