The historic city center of Rome (Centro Storico), Italy, had the most expensive residential rent in the city in 2024. In October, the square meter rent in the historic city center amounted to ***** euros - almost ** euros higher than the average for the city.

This statistic presents the average monthly rent for furnished dwellings in the Italian city of Rome in 2018, by number of rooms. According to the data, in 2018, one-room apartments in Rome cost on average *** euros per month. Moreover, a two-room flat could reach an average monthly rent of *** euros. When looking at bigger dwellings, a four-room apartment cost on average almost *** thousand euros per month.

In Rome, the annual square meter rent of high street retail space was about **** times higher than the average rent in a shopping center. As of the third quarter of 2021, the rental rate of a high street shop was ***** euros per square meter per year, while shopping center rent cost *** euros per square meter per year. In 2021, retail rents in Rome fell for a second year in a row. This was likely due to the effect of the coronavirus pandemic on football, consumer spending, and international travel.

Historical market performance data including occupancy rates, average daily rates, and revenue trends

The average square meter rent in Italy in October 2023 declined from the previous month, but was about 0.7 euros more expensive than the same period in 2022. In October 2023, renters paid on average 12.74 euros per square meter for a rental home. However, renting in some of Italy's northern regions, including Aosta Valley, Tuscany, and Lombardy, was much more expensive. City vs. Countryside It is not a secret that rental prices for residential real estate differ hugely between the city and the countryside. In Italy, Milan and Rome are among the most expensive areas for renters. According to data gathered in 2023, some districts of the two cities boasted an average rental price of over 20 euros per square meter. Southern Italy is more affordable In absolute terms, renting a dwelling in cities in southern Italy is more affordable. Even in the most affluent areas, rents in Palermo were not higher than 11 euros per square meter in late 2023. Moreover, in Naples renting a dwelling could cost between seven and 17 euros per square meter.

In 2024, the annual headline rental rate of office space in Rome, Italy, increased year-on-year after stalling in 2020. At *** euros per square meter, 2024 was the year when office rents reached the highest rate. In comparison, between 2013 and 2016, a square meter of prime office space cost *** euros per year. Headline rents refer to the rent payable after rent-free periods or incentives, excluding fees and taxes. Across Europe, London, Paris, and Stockholm were the markets with the highest prime headline office rents.

Structured data for Rome including median household income ($58,857), average 1BR rent ($740/mo), median home price ($137,200), cost of living index (100), and tax rates. Sourced from U.S. Census ACS and curated by City Affordability.

Renting a bed in a double room is a cheap solution many students and workers resort to when looking for accommodation. This statistic shows the average monthly rent in 2020 in Italian cities that host one or more universities. Milan was the most expensive city to live in in this respect, with an average rent of *** euros per person. Rome came second in the list, with tenants of double rooms spending *** euros each on average. Palermo was the city in which double rooms were the cheapest, with an average monthly rent of only *** euros.

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This chart shows the monthly housing cost expenses for renters. Gross rent is the agreed upon rent plus the estimated average monthly cost of utilities (electricity, gas, and water and sewer) and fuels (oil, coal, kerosene, wood, etc.) if these are paid by the renter.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

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The statistic shows the average monthly rental of furnished dwellings in major Italian cities in 2019. According to the figure, Milan had the highest average rental with ***** euros per month, followed by Rome with *** euros per month. The cheapest city were to rent a flat was Catanzaro, in the region of Calabria, where the average monthly rental amounted to *** euros.

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In 2019, via Montenapoleone in Milan ranked as the most expensive retail location in Italy. The average yearly rent in the Milanese luxury shopping street was as high as 13.7 thousand euros per square meter. Via Condotti in Rome came second in the ranking with an average yearly rent per square meter of 12.5 thousand euros. Calle San Moisè in Venice and via Roma in Florence completed the ranking. These shopping locations host the most famous luxury brands worldwide, which also makes them a popular attraction among tourists.

Retail spaces in Italian cities

When considering the average price for retail space in Italian cities, the scenario changes. In 2019, a square meter for retail space in Venice cost on average 4.3 thousand euros, making it the most expensive city in Italy for retailers. Milan, the Italian fashion capital, and Naples followed in the list, with an average price per square meter of 3.5 thousand and 2.9 thousand euros, respectively.

Prices for residential real estate in Italian cities

Considering the average price for residential properties in major Italian cities, the scenario is different once again. According to data from 2020, Milan was by far the most expensive city in Italy to purchase a residential property. In fact, people looking to buy an apartment or a house in the Italian capital of fashion could expect to pay on average 4.7 thousand euros per square meter. Florence followed in the ranking (four thousand euros per square meter), and Rome (3.2 thousand euros per square meter). Venice came fourth: purchasing a dwelling in the island city cost on average 3.1 thousand euros per square meter.

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In October 2023, Milan was by far the most expensive city in Italy to rent a dwelling. In fact, people wishing to rent an apartment or a house in the city were expected to pay almost ** euros per square meters. Following in the ranking, came Florence and Bologna with **** and ** euros per square meter. Rome, the Eternal City, came fifth: renting a dwelling in the Italian capital cost on average **** euros per square meter.

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