Rental Market Malaysia 2026: City-by-City Guide
1. National Rental Market Overview
- National avg gross rental yield: 5.19% (Global Property Guide 2026)
- Average house price: RM 494,384 (NAPIC Q3 2025, +0.1% YoY)
- GDP growth: 5.2% in 2025
- OPR: 2.75% (stable)
- Suburban zones: 6-8% yields in affordable family areas
2. Average Rent by City (2026)
| City | Studio/1BR (Avg/month) | 2BR (Avg/month) | Rent/sqm (Avg) | |---|---|---|---| | Kuala Lumpur | RM 1,900 | RM 3,700 | RM 42 | | Petaling Jaya | RM 1,500 | RM 2,800 | RM 32 | | Subang Jaya | RM 1,400 | RM 2,500 | RM 28 | | Penang (Island) | RM 1,400 | RM 2,600 | RM 30 | | Johor Bahru | RM 1,200 | RM 2,200 | RM 26 | | Cyberjaya | RM 1,100 | RM 1,900 | RM 22 | | Shah Alam | RM 1,000 | RM 1,800 | RM 20 | | Kota Kinabalu | RM 1,200 | RM 2,000 | RM 23 | | Kuching | RM 1,100 | RM 1,900 | RM 22 |
3. Rental Trends by Property Type
| Property Type | Avg Yield | Avg KL Rent | |---|---|---| | Studio/SOHO | 5-7% | RM 1,600-2,500 | | 1-2BR condo | 4-6% | RM 2,000-4,000 | | 3-4BR condo | 3-5% | RM 4,000-9,000 | | Landed terrace | 2.5-4% | RM 2,500-5,000 | | Industrial/warehouse | 6-8% | RM 3-6 psf/month |
4. Highest-Yield Rental Locations
- Cheras/Bukit Jalil condos: 4.5-6% (student/young professional demand)
- Cyberjaya (near MRT): 4-6% (tech workers)
- JB CBD (RTS corridor): 5-7% (pre-opening demand)
- Penang George Town heritage: 7-12% (Airbnb/STR)
- Shah Alam industrial: 6-8%
Key Takeaways
- National avg yield: 5.19% — above home loan rate (4.05%)
- KL 2BR average: RM 3,700/month vs Johor RM 2,200/month
- Best residential yields: JB CBD (5-7%), Cheras/Bukit Jalil (4.5-6%), Cyberjaya (4-6%)
- George Town heritage STR (Airbnb): 7-12% gross
- Industrial: consistently 6-8% — highest risk-adjusted yield in Malaysia