Italy: Moderate to good rental yields from 4.52% to 8.38%
Residential Valuation Specialist | November 18, 2022
| Last Updated: Sept. 19, 2022 | |||
| ROME - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Roma est-Autostrade | |||
| Studio | €88,000 | €520 | 7.09% |
| 1-Bedroom | €110,000 | €600 | 6.55% |
| 2-Bedroom | €155,000 | €700 | 5.42% |
| 3-Bedroom | €173,000 | €850 | 5.90% |
| 4+Bedroom | €158,000 | €875 | 6.65% |
| Cinecittà | |||
| Studio | €118,000 | €600 | 6.10% |
| 1-Bedroom | €180,000 | €750 | 5.00% |
| 2-Bedroom | €244,100 | €900 | 4.42% |
| 3-Bedroom | €285,000 | €1,025 | 4.32% |
| 4+Bedroom | €319,000 | €1,650 | 6.21% |
| Centro | |||
| Studio | €275,000 | €1,100 | 4.80% |
| 1-Bedroom | €349,500 | €1,600 | 5.49% |
| 2-Bedroom | €495,000 | €2,000 | 4.85% |
| 3-Bedroom | €660,000 | €2,800 | 5.09% |
| 4+Bedroom | €1,075,000 | €4,000 | 4.47% |
| Bufalotta - Monte Sacro - Nuovo Salario | |||
| Studio | €190,000 | €668 | 4.22% |
| 1-Bedroom | €229,000 | €850 | 4.45% |
| 2-Bedroom | €270,000 | €1,060 | 4.71% |
| 3-Bedroom | €390,000 | €1,165 | 3.58% |
| 4+Bedroom | €430,000 | €1,600 | 4.47% |
| Gianicolense-La Pisana | |||
| Studio | €150,000 | €750 | 6.00% |
| 1-Bedroom | €226,500 | €900 | 4.77% |
| 2-Bedroom | €310,000 | €1,100 | 4.26% |
| 3-Bedroom | €420,000 | €1,375 | 3.93% |
| 4+Bedroom | €500,000 | €1,800 | 4.32% |
| Eur - Torrino - Giuliano Dalmata | |||
| Studio | €175,000 | €690 | 4.73% |
| 1-Bedroom | €250,000 | €850 | 4.08% |
| 2-Bedroom | €315,000 | €1,100 | 4.19% |
| 3-Bedroom | €347,000 | €1,425 | 4.93% |
| 4+Bedroom | €489,500 | €2,200 | 5.39% |
| Parioli | |||
| Studio | €177,500 | €850 | 5.75% |
| 1-Bedroom | €295,000 | €1,200 | 4.88% |
| 2-Bedroom | €375,000 | €1,500 | 4.80% |
| 3-Bedroom | €650,000 | €2,200 | 4.06% |
| 4+Bedroom | €980,000 | €2,900 | 3.55% |
| Cassia-Flaminia | |||
| Studio | €84,000 | €600 | 8.57% |
| 1-Bedroom | €219,000 | €950 | 5.21% |
| 2-Bedroom | €370,500 | €1,250 | 4.05% |
| 3-Bedroom | €550,000 | €1,600 | 3.49% |
| 4+Bedroom | €890,000 | €2,300 | 3.10% |
| Rome avg. Rental Yields | 4.95% | ||
| MILAN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Garibaldi-Porta Venezia | |||
| Studio | €249,500 | €1,084 | 5.21% |
| 1-Bedroom | €420,000 | €1,625 | 4.64% |
| 2-Bedroom | €675,000 | €2,315 | 4.12% |
| 3-Bedroom | €970,000 | €2,730 | 3.38% |
| 4+Bedroom | €1,350,000 | €5,400 | 4.80% |
| Greco - Turro | |||
| Studio | €187,000 | €959 | 6.15% |
| 1-Bedroom | €245,000 | €1,125 | 5.51% |
| 2-Bedroom | €375,000 | €1,667 | 5.33% |
| 3-Bedroom | €558,000 | €2,500 | 5.38% |
| 4+Bedroom | €751,500 | €4,550 | 7.27% |
| Comasina-Bicocca | |||
| Studio | €160,000 | €883 | 6.62% |
| 1-Bedroom | €219,000 | €1,075 | 5.89% |
| 2-Bedroom | €350,000 | €1,250 | 4.29% |
| Fiera-De Angeli | |||
| Studio | €264,500 | €1,125 | 5.10% |
| 1-Bedroom | €379,000 | €1,400 | 4.43% |
| 2-Bedroom | €610,000 | €2,150 | 4.23% |
| 3-Bedroom | €950,000 | €2,700 | 3.41% |
| 4+Bedroom | €1,580,000 | €4,170 | 3.17% |
| Lorenteggio-Bande Nere | |||
| Studio | €179,000 | €750 | 5.03% |
| 1-Bedroom | €248,000 | €1,050 | 5.08% |
| 2-Bedroom | €385,000 | €1,400 | 4.36% |
| 3-Bedroom | €512,000 | €1,900 | 4.45% |
| Navigli-Bocconi | |||
| Studio | €240,000 | €1,100 | 5.50% |
| 1-Bedroom | €365,000 | €1,400 | 4.60% |
| 2-Bedroom | €690,000 | €2,000 | 3.48% |
| 3-Bedroom | €980,000 | €3,000 | 3.67% |
| 4+Bedroom | €1,370,000 | €3,500 | 3.07% |
| Porta Vittoria | |||
| Studio | €205,000 | €1,000 | 5.85% |
| 1-Bedroom | €332,500 | €1,250 | 4.51% |
| 2-Bedroom | €630,000 | €1,460 | 2.78% |
| 3-Bedroom | €880,000 | €3,000 | 4.09% |
| 4+Bedroom | €1,290,000 | €3,083 | 2.87% |
| Centro Storico | |||
| Studio | €450,000 | €1,500 | 4.00% |
| 1-Bedroom | €670,000 | €2,375 | 4.25% |
| 2-Bedroom | €940,000 | €3,000 | 3.83% |
| 3-Bedroom | €1,400,000 | €4,184 | 3.59% |
| 4+Bedroom | €2,350,000 | €6,200 | 3.17% |
| Milan avg. Rental Yields | 4.52% | ||
| FLORENCE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €170,000 | €800 | 5.65% |
| 1-Bedroom | €290,000 | €1,800 | 7.45% |
| 2-Bedroom | €330,000 | €1,400 | 5.09% |
| 3-Bedroom | €428,000 | €1,800 | 5.05% |
| 4+Bedroom | €650,000 | €3,000 | 5.54% |
| Florence (all locations) | |||
| Studio | €165,000 | €750 | 5.45% |
| 1-Bedroom | €218,000 | €1,400 | 7.71% |
| 2-Bedroom | €275,000 | €1,250 | 5.45% |
| 3-Bedroom | €340,000 | €1,500 | 5.29% |
| 4+Bedroom | €560,000 | €2,800 | 6.00% |
| Florence avg. Rental Yields | 5.87% | ||
| TURIN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €92,000 | €550 | 7.17% |
| 1-Bedroom | €149,000 | €800 | 6.44% |
| 2-Bedroom | €238,000 | €850 | 4.29% |
| 3-Bedroom | €350,000 | €1,400 | 4.80% |
| 4+Bedroom | €495,000 | €2,200 | 5.33% |
| Turin (all locations) | |||
| Studio | €79,000 | €450 | 6.84% |
| 1-Bedroom | €79,000 | €550 | 8.35% |
| 2-Bedroom | €130,000 | €690 | 6.37% |
| 3-Bedroom | €215,000 | €900 | 5.02% |
| 4+Bedroom | €395,000 | €1,460 | 4.44% |
| Turin avg. Rental Yields | 5.91% | ||
| GENOA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €82,000 | €385 | 5.63% |
| 1-Bedroom | €89,500 | €550 | 7.37% |
| 2-Bedroom | €120,000 | €560 | 5.60% |
| 3-Bedroom | €145,000 | €695 | 5.75% |
| 4+Bedroom | €263,500 | €988 | 4.50% |
| Genoa (all locations) | |||
| Studio | €72,000 | €330 | 5.50% |
| 1-Bedroom | €75,000 | €500 | 8.00% |
| 2-Bedroom | €98,000 | €550 | 6.73% |
| 3-Bedroom | €115,000 | €600 | 6.26% |
| 4+Bedroom | €148,000 | €750 | 6.08% |
| Genoa avg. Rental Yields | 6.14% | ||
| PALERMO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €50,000 | €400 | 9.60% |
| 1-Bedroom | €92,500 | €580 | 7.52% |
| 2-Bedroom | €136,500 | €735 | 6.46% |
| 3-Bedroom | €180,000 | €900 | 6.00% |
| 4+Bedroom | €300,000 | €1,250 | 5.00% |
| Palermo (all locations) | |||
| Studio | €65,000 | €435 | 8.03% |
| 1-Bedroom | €70,000 | €580 | 9.94% |
| 2-Bedroom | €99,000 | €650 | 7.88% |
| 3-Bedroom | €139,000 | €700 | 6.04% |
| 4+Bedroom | €220,000 | €900 | 4.91% |
| Palermo avg. Rental Yields | 7.14% | ||
| NAPLES - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €59,999 | €600 | 12.00% |
| 1-Bedroom | €98,000 | €700 | 8.57% |
| 2-Bedroom | €167,300 | €900 | 6.46% |
| 3-Bedroom | €250,000 | €1,100 | 5.28% |
| 4+Bedroom | €395,000 | €2,150 | 6.53% |
| Naples (all locations) | |||
| Studio | €59,999 | €580 | 11.60% |
| 1-Bedroom | €120,000 | €700 | 7.00% |
| 2-Bedroom | €189,000 | €840 | 5.33% |
| 3-Bedroom | €285,000 | €1,200 | 5.05% |
| 4+Bedroom | €480,000 | €1,600 | 4.00% |
| Naples avg. Rental Yields | 7.18% | ||
| NAPLES - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| Studio | €39,000 | €400 | 12.31% |
| 1-Bedroom | €61,000 | €525 | 10.33% |
| 2-Bedroom | €85,000 | €700 | 9.88% |
| 3-Bedroom | €138,000 | €725 | 6.30% |
| 4+Bedroom | €220,000 | €885 | 4.83% |
| Catania (all locations) | |||
| Studio | €49,500 | €450 | 10.91% |
| 1-Bedroom | €65,000 | €500 | 9.23% |
| 2-Bedroom | €98,000 | €650 | 7.96% |
| 3-Bedroom | €130,000 | €750 | 6.92% |
| 4+Bedroom | €198,000 | €850 | 5.15% |
| Catania avg. Rental Yields | 8.38% | ||
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All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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Gross rental yields i.e., the rental return on a property if fully rented out, before all expenses, are moderate to good Italy. Gross rental yields for apartments in Italy are between 4.52% to 8.38%.
A two-bedroom purchase price in Rome is around EUR 155,000 to EUR 495,000, these prices are now more obtainable than in Milan. Milan has a price range for a two-bedroom apartment between EUR 350,000 to EUR 940,000.
What are the rental yields in Italy´s biggest cities and areas?
- Rome apartments have a rental yield of 3.10% to 8.57% with a city average of 4.95%.
- Milan apartments earn a rental yield between 2.78% to 7.27% with an average of 4.52%
- Florence apartments yield between 5.05% to 7.71% with an average of 5.87%.
- Turin apartments can yield you between 4.44% to 8.35% with an average of 5.91%.
- Genoa apartments yield stay between 4.50% to 8.00% with an average of 6.14%.
- Palermo apartments earn a yield between 4.91% to 9.94% with an average of 7.14%.
- Naples apartments have a yield between 4.00% to 12.00% with an average of 7.18%.
- Catania apartments yield you between 4.83% to 12.31% with an average of 8.38%.
Round trip transaction costs are moderate to high in Italy. See our Property transaction costs analysis for Italy.
Italy - More data and information
- How expensive are houses in Italy, compared to the rest of Europe?
- Property prices in Italy. Graph of house price trends in Italy
- How much rent can be earned from Italian property, compared to the rest of Europe?
- How much tax must foreign owners pay when they rent out their Italian property?
- Where to by property in Italy