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 |
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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).