Montauban Property Prices, Rents & Rental Yields

About Montauban

Montauban sits beside the Tarn in southwestern France, with a brick-built historic centre that gives the city a recognisable streetscape. As the prefecture of Tarn-et-Garonne, it is a geographic reference point for investors comparing apartment locations across the department.

In October 2026, the standout signal for apartments is the faster monthly rise in average rent than in average sale price. Rent is up 8.3% month over month, while the average sale price is up 6.0%. This gap may improve the income-to-price relationship for a newly assessed purchase, but it does not demonstrate that realised returns have risen: the averages need not describe the same property.

The average apartment sale price is €149,000, against a reported yield of 6.23%. These benchmarks put the central tension in focus. Rental pricing has moved ahead of sale pricing over the month, yet the purchase benchmark has climbed too. A rent increase alone is therefore not a reason to assume a more attractive investment outcome. The price paid, the rent achievable on that apartment and its ongoing costs still determine the individual calculation.

For investors reviewing Montauban, the monthly divergence is best treated as a prompt to update assumptions rather than a forecast. It is a citywide snapshot, not proof that the recent difference in growth rates will continue. Compare any prospective apartment with these benchmarks, then assess its expected income and expenses before drawing conclusions about returns.