The Aosta Valley region had the highest average rent for residential real estate in Italy in 2023. In October that year, the square meter rent in Aosta Valley amounted to 20.6 euros, almost eight euros above the national average. The regions of Lombardy and Tuscany followed with an average price amounting to 17.7 and 16.3 euros per square meter respectively. The average rent in Italy has increased notably since before the COVID-19 pandemic, when it was below 10 euros per square meter.
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.
Milan boasts some of the highest rents for residential real estate in Italy, with prices in the city center exceeding ** euros per square meter in 2024. Similar average prices were also recorded in the areas of Garibaldi, Moscova and Porta Nuova with an average value of about **** euros per square meter. Renting in Italy Despite being much lower than in Milan, the average rental price for residential real estate in the region of Lombardy was among the most expensive in the country. Renting a house in the southern region of Calabria, the cheapest in the country, cost almost three times less per square meter than in Lombardy. On average, renting a house, flat, or residential property in Italy cost approximately ** euros per square meter in October 2023. House purchase in Italy The residential real estate market in Italy has struggled since the financial crisis of 2008. In recent years, however, low prices and low interest rates on mortgage loans have helped keep the sector afloat. In fact, the number of transactions has increased steadily since 2013, including purchases for investment, especially in cities.
Giudecca, one of the most popular areas in Venice, had an average rent for residential properties higher than in any other area in 2024. In October, the square meter rent cost on average approximately ***** euros per month. Venice ranks among the most expensive cities in Italy to rent residential real estate properties, second only to Milan and Florence, which together with the city island is one of the touristic hotspots of Italy. Renting or buying? When faced with the choice of buying or renting a house, Italians prefer by far the option of purchasing and therefore owning their own home. Moreover, in the last few years, conditions have been favorable for people willing to purchase a house. House prices in Italy decreased steadily since 2012 and so did interest rates on new mortgage loans, making it cheaper for people to buy their own house or to invest in residential properties. Residential real estate in Italy Despite these favorable conditions, the residential real estate market in Italy has not fully recovered since the 2008 financial crisis. However, positive signs can be seen: the number of transactions increased steadily after reaching an all-time low in 2013. Moreover, low prices in many Italian cities attract individuals interested in purchasing residential real estate for investment.
The average monthly rental price in the Oltrarno, Florence, Italy, was higher than in any other area of the city in 2024. In October that year, the average rent in the historic city center was about ***** euros per square meter - more than five euros higher than the city average. Conversely, Ugnano and Mantignano offered cheaper dwelling options to their residents, at around ***** euros per square meter.
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.
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Italy Residential Property Rent: Average: Florence data was reported at 120.292 EUR/sq m in 2022. This records an increase from the previous number of 117.806 EUR/sq m for 2021. Italy Residential Property Rent: Average: Florence data is updated yearly, averaging 119.128 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 148.800 EUR/sq m in 2008 and a record low of 116.594 EUR/sq m in 2015. Italy Residential Property Rent: Average: Florence data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
Residential rents in Turin, Italy, were the most expensive in the Centro district in 2024, followed by San Salvario, Crocetta, and San Secondo. In October that year, the average rent in the Centro district was ***** euros per square meter - more than three euros above the city average. Conversely, Barriera di Lanzo, Falchera, Barca and, Bertolla offered cheaper dwelling options to their residents, at around **** euros per square meter.
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Italy Residential Property Rent: Average: Milan data was reported at 150.938 EUR/sq m in 2022. This records an increase from the previous number of 149.616 EUR/sq m for 2021. Italy Residential Property Rent: Average: Milan data is updated yearly, averaging 150.938 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 172.549 EUR/sq m in 2008 and a record low of 144.632 EUR/sq m in 2016. Italy Residential Property Rent: Average: Milan data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
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Italy Residential Property Rent: Average data was reported at 96.729 EUR/sq m in 2022. This records an increase from the previous number of 95.322 EUR/sq m for 2021. Italy Residential Property Rent: Average data is updated yearly, averaging 98.134 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 119.433 EUR/sq m in 2008 and a record low of 95.322 EUR/sq m in 2021. Italy Residential Property Rent: Average data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
The average monthly rent in Lanza di Scalea, Olimpo, and Castelforte in Palermo, Italy, was higher than in any other area in 2024. In October that year, renters in these areas paid on average 11.65 euros per square meter, almost three euros higher than the city average of 8.70 euros.
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Italy Residential Property Rent: Average: Palermo data was reported at 65.757 EUR/sq m in 2022. This records an increase from the previous number of 65.477 EUR/sq m for 2021. Italy Residential Property Rent: Average: Palermo data is updated yearly, averaging 67.782 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 78.316 EUR/sq m in 2008 and a record low of 65.279 EUR/sq m in 2018. Italy Residential Property Rent: Average: Palermo data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
Bologna's central area reported the highest average rent for residential properties in the city in 2024. In October that year, the average rent stood at 18.64 euros per square meter - about 1.8 euros above the city average. Conversely, Barca, Santa Viola, Toscana, and Savena offered cheaper dwelling options—less than 15 euros per square meter that year.
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Italy Residential Property Rent: Average: Rome data was reported at 158.081 EUR/sq m in 2022. This records an increase from the previous number of 156.465 EUR/sq m for 2021. Italy Residential Property Rent: Average: Rome data is updated yearly, averaging 164.137 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 208.989 EUR/sq m in 2008 and a record low of 156.198 EUR/sq m in 2020. Italy Residential Property Rent: Average: Rome data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
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.
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Italy Residential Property Rent: Average: Bologna data was reported at 93.269 EUR/sq m in 2022. This records an increase from the previous number of 91.829 EUR/sq m for 2021. Italy Residential Property Rent: Average: Bologna data is updated yearly, averaging 92.873 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 109.294 EUR/sq m in 2008 and a record low of 88.270 EUR/sq m in 2016. Italy Residential Property Rent: Average: Bologna data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
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Italy Residential Property Rent: Average: Venice Lagoon data was reported at 130.844 EUR/sq m in 2022. This records an increase from the previous number of 127.903 EUR/sq m for 2021. Italy Residential Property Rent: Average: Venice Lagoon data is updated yearly, averaging 129.969 EUR/sq m from Dec 2008 (Median) to 2022, with 15 observations. The data reached an all-time high of 158.393 EUR/sq m in 2008 and a record low of 126.031 EUR/sq m in 2019. Italy Residential Property Rent: Average: Venice Lagoon data remains active status in CEIC and is reported by Nomisma. The data is categorized under Global Database’s Italy – Table IT.EB004: Residential Property Rent.
Chiaia, Mergellina, was the area with the highest average residential rent in Naples, Italy, in 2024. In October that year, the square meter rent amounted to ***** euros per square meter - nearly **** euros above the city average. Conversely, Scampia, Secondigliano, and Capodichino offered cheaper dwelling options for their residents, with per-square-meter rent amounting to **** euros.
This statistic presents the average monthly rent for furnished dwellings in the Italian city of Naples in 2018, by number of rooms. According to the data, in 2018, one-room apartments in Naples cost on average 457 euros per month. Moreover, a two-room flat could reach an average monthly rent of 574 euros. When looking at bigger dwellings, a four-room apartment cost on average 842 euros per month.
In 2024, the capital of Italy, Rome, maintained its position as the most populous city of the Italian peninsula. Over the last decade, the number of the Eternal City’s inhabitants has been growing, from about 2.6 million residents in 2012 to over 2.8 million individuals registered in 2020. From 2021, however, its population slightly dropped, reaching 2.75 million in 2024. Lazio, the region on the Tyrrhenian SeaRome is located in the region of Lazio. This central region, which in the west borders on the Tyrrhenian Sea, is the second-largest Italian region in terms of population, after Lombardy and before Campania. Expensive life in the Italian capital Despite being one of the most affordable European capitals in terms of average monthly rent, Rome occupies the second place on the Italian podium of cities with the highest dwelling rental prices. In 2019, an average monthly rent for a single room amounted to 448 euros, whereas the average monthly price in 2020 of a double room estimated at 287 euro per person, without utilities.
The Aosta Valley region had the highest average rent for residential real estate in Italy in 2023. In October that year, the square meter rent in Aosta Valley amounted to 20.6 euros, almost eight euros above the national average. The regions of Lombardy and Tuscany followed with an average price amounting to 17.7 and 16.3 euros per square meter respectively. The average rent in Italy has increased notably since before the COVID-19 pandemic, when it was below 10 euros per square meter.