Mongolia's rising property prices have resulted in stronger demand for rental property as households choose to rent rather than buy. Mongolia Properties estimates rental yields at about 15-18% per annum.

In Ulan Bator average rental yields between 2005 and 2013 were over 11% per year. Presently the average rental rate of:

• one-bedroom apartment for local residents is between MNT 300,000-500,000 MNT (US$151-252) per month
• two-bedroom apartments rent for between MNT 500,000-750,000 (US$252-378) per month.

Prices in the upper end of the residential rental markets (including those geared towards expats) have remained reasonably stable at around US$ 600-800 per month for a one-bedroom apartment near the CBD, based on M.A.D. Research estimates.

EXPATRIATE RENTAL MARKET
	Young professionals/ Voluntary service personnel	Professionals	Mid-management/ Consultants	Senior executives/ Heads of mission/ Diplomats
Type of accommodation	Studio/ 1-bed/ shared	Studio/ 1-bed	Studio/ 1-bed/ 2-bed	2-bed minimum, with separate kitchen
Floor size	40-60 sqm	40-80 sqm	60-100 sqm	120-300 sqm
Rental ceiling	US$500-US$900	US$600-US$1,500	US$1,200-US$3,000	US$2,500-US$8,000
Source: M.A.D. Research