Gross rental yields in Italy: Rome and 7 other cities

Average gross rental yield in Italy stands at 6.28% (Q2, 2023).

  • Rome
  • Milan
  • Turin
  • Florence
  • Genoa
  • Palermo
  • Naples
  • Catania
  Last Updated: 11 July, 2023
ROME - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Roma est-Autostrade  
1-Bedroom €109,000 €600 6.61%
2-Bedroom €147,000 €650 5.31%
Cinecittà  
1-Bedroom €185,000 €800 5.19%
2-Bedroom €255,000 €900 4.24%
3-Bedroom €299,000 €1,100 4.41%
Centro  
Studio €270,000 €1,250 5.56%
1-Bedroom €384,000 €2,225 6.95%
2-Bedroom €495,000 €2,200 5.33%
3-Bedroom €749,500 €2,700 4.32%
4+Bedroom €1,200,000 €5,000 5.00%
Gianicolense-La Pisana  
1-Bedroom €225,000 €950 5.07%
2-Bedroom €310,000 €1,300 5.03%
3-Bedroom €409,000 €1,500 4.40%
Eur - Torrino - Giuliano Dalmata      
1-Bedroom €250,000 €900 4.32%
2-Bedroom €365,000 €1,200 3.95%
3-Bedroom €450,000 €1,450 3.87%
Parioli      
1-Bedroom €315,000 €1,400 5.33%
2-Bedroom €398,000 €1,650 4.97%
3-Bedroom €650,000 €1,900 3.51%
4+Bedroom €1,040,000 €2,925 3.38%
Cassia-Flaminia      
1-Bedroom €263,500 €900 4.10%
2-Bedroom €379,500 €1,300 4.11%
3-Bedroom €566,250 €1,790 3.79%
4+Bedroom €730,000 €2,400 3.95%
Rome avg. Rental Yields 4.70%
MILAN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Garibaldi-Porta Venezia  
Studio €295,000 €1,100 4.47%
1-Bedroom €452,000 €1,850 4.91%
2-Bedroom €650,000 €2,300 4.25%
3-Bedroom €942,500 €3,200 4.07%
4+Bedroom €1,395,000 €6,619 5.69%
Greco - Turro      
Studio €176,828 €1,000 6.79%
1-Bedroom €245,000 €1,200 5.88%
2-Bedroom €360,000 €1,600 5.33%
Comasina-Bicocca  
Studio €159,000 €900 6.79%
1-Bedroom €220,000 €1,600 8.73%
2-Bedroom €345,250 €1,600 5.56%
Fiera-De Angeli  
Studio €329,542 €1,300 4.73%
1-Bedroom €390,000 €1,555 4.78%
2-Bedroom €632,500 €2,100 3.98%
3-Bedroom €950,000 €3,100 3.92%
4+Bedroom €1,497,500 €4,765 3.82%
Lorenteggio-Bande Nere  
Studio €182,500 €800 5.26%
1-Bedroom €255,000 €1,150 5.41%
2-Bedroom €420,000 €1,493 4.27%
3-Bedroom €580,000 €1,870 3.87%
Navigli-Bocconi  
Studio €290,000 €1,175 4.86%
1-Bedroom €380,000 €1,600 5.05%
2-Bedroom €660,000 €2,500 4.55%
3-Bedroom €995,000 €3,000 3.62%
4+Bedroom €1,047,500 €3,335 3.82%
Porta Vittoria      
Studio €206,000 €1,000 5.83%
1-Bedroom €325,000 €1,300 4.80%
2-Bedroom €565,000 €2,125 4.51%
3-Bedroom €805,000 €2,312 3.45%
Centro Storico      
1-Bedroom €665,000 €2,900 5.23%
2-Bedroom €975,000 €3,000 3.69%
3-Bedroom €1,625,000 €4,170 3.08%
4+Bedroom €2,500,000 €7,650 3.67%
Milan avg. Rental Yields 4.81%
FLORENCE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €240,000 €2,219 11.10%
2-Bedroom €325,000 €1,800 6.65%
3-Bedroom €445,000 €2,000 5.39%
4+Bedroom €780,000 €3,500 5.38%
Florence (all locations)      
1-Bedroom €190,000 €1,741 11.00%
2-Bedroom €268,000 €1,600 7.16%
3-Bedroom €340,000 €1,500 5.29%
4+Bedroom €567,500 €2,950 6.24%
Florence avg. Rental Yields 7.42%
TURIN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €169,500 €850 6.02%
2-Bedroom €259,000 €1,055 4.89%
3-Bedroom €359,000 €1,613 5.39%
4+Bedroom €546,750 €2,300 5.05%
Turin (all locations)      
Studio €88,000 €470 6.41%
1-Bedroom €80,000 €600 9.00%
2-Bedroom €139,000 €750 6.47%
3-Bedroom €219,000 €1,000 5.48%
4+Bedroom €390,000 €1,800 5.54%
Turin avg. Rental Yields 6.58%
GENOA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Center  
1-Bedroom €95,000 €550 6.95%
2-Bedroom €120,000 €650 6.50%
3-Bedroom €145,000 €650 5.38%
4+Bedroom €260,000 €1,000 4.62%
Genoa (all locations)      
Studio €80,000 €450 6.75%
1-Bedroom €78,000 €550 8.46%
2-Bedroom €97,000 €600 7.42%
3-Bedroom €118,000 €600 6.10%
4+Bedroom €155,000 €750 5.81%
Genoa avg. Rental Yields 6.91%
PALERMO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Palermo (all locations)  
Studio €60,000 €450 9.00%
1-Bedroom €69,000 €570 9.91%
2-Bedroom €100,000 €680 8.16%
3-Bedroom €140,000 €700 6.00%
4+Bedroom €227,000 €950 5.02%
Palermo avg. Rental Yields 7.62%
NAPLES - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Naples (all locations)  
Studio €62,500 €575 11.04%
1-Bedroom €119,500 €700 7.03%
2-Bedroom €200,000 €800 4.80%
3-Bedroom €280,000 €1,150 4.93%
4+Bedroom €475,000 €1,875 4.74%
Naples avg. Rental Yields 5.42%
CATANIA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
CATANIA (all locations)      
Studio €49,000 €445 10.90%
1-Bedroom €65,000 €550 10.15%
2-Bedroom €98,000 €625 7.65%
3-Bedroom €130,000 €750 6.92%
4+Bedroom €195,000 €860 5.29%
Catania avg. Rental Yields 6.82%
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 and Idealista.it

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Italy. We utilized the idealista website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is €500 and the purchase price is €100,000, the calculation would be: €500 (Monthly Rent) x 12 / €100,000 (Purchase Price) = 6% (Gross Rental Yield).