Gross rental yields in Italy: Rome and 7 other cities
Average gross rental yield in Italy stands at 7.49% (Q3, 2023).
- Rome
- Milan
- Turin
- Florence
- Genoa
- Palermo
- Naples
- Catania
| Last Updated: Nov. 14, 2023 | |||
| ROME - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| All Locations | |||
| Studio | €135,000 | €820 | 7.29% |
| 1-Bedroom | €253,000 | €1,300 | 6.17% |
| 2-Bedroom | €292,000 | €1,300 | 5.34% |
| 3-Bedroom | €358,000 | €2,000 | 6.70% |
| 4+Bedroom | €590,000 | €2,900 | 5.90% |
| Rome avg. Rental Yields | 6.28% | ||
| MILAN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Garibaldi-Porta Venezia | |||
| Studio | €315,000 | €1,300 | 4.95% |
| 1-Bedroom | €423,000 | €2,000 | 5.67% |
| 2-Bedroom | €660,000 | €2,383 | 4.33% |
| 3-Bedroom | €949,000 | €3,500 | 4.43% |
| 4+Bedroom | €1,500,000 | €5,500 | 4.40% |
| Greco - Turro | |||
| Studio | €175,000 | €1,000 | 6.86% |
| 1-Bedroom | €249,000 | €1,300 | 6.27% |
| 2-Bedroom | €369,000 | €1,750 | 5.69% |
| Comasina-Bicocca | |||
| Studio | €194,500 | €990 | 6.11% |
| 1-Bedroom | €239,000 | €1,325 | 6.65% |
| 2-Bedroom | €350,000 | €1,550 | 5.31% |
| Fiera-De Angeli | |||
| Studio | €270,000 | €1,100 | 4.89% |
| 1-Bedroom | €410,000 | €1,640 | 4.80% |
| 2-Bedroom | €640,000 | €2,113 | 3.96% |
| 3-Bedroom | €950,000 | €3,750 | 4.74% |
| 4+Bedroom | €1,470,000 | €7,000 | 5.71% |
| Lorenteggio-Bande Nere | |||
| Studio | €203,000 | €900 | 5.32% |
| 1-Bedroom | €269,500 | €1,300 | 5.79% |
| 2-Bedroom | €395,000 | €1,700 | 5.16% |
| Navigli-Bocconi | |||
| Studio | €303,500 | €1,225 | 4.84% |
| 1-Bedroom | €415,000 | €1,709 | 4.94% |
| 2-Bedroom | €680,000 | €2,250 | 3.97% |
| 3-Bedroom | €955,000 | €2,917 | 3.67% |
| Porta Vittoria | |||
| Studio | €229,000 | €1,180 | 6.18% |
| 1-Bedroom | €328,500 | €1,542 | 5.63% |
| 2-Bedroom | €550,000 | €2,099 | 4.58% |
| 3-Bedroom | €890,000 | €2,860 | 3.86% |
| Centro Storico | |||
| 1-Bedroom | €635,000 | €2,838 | 5.36% |
| 2-Bedroom | €945,000 | €3,300 | 4.19% |
| 3-Bedroom | €1,465,000 | €4,500 | 3.69% |
| 4+Bedroom | €2,490,000 | €7,142 | 3.44% |
| Milan avg. Rental Yields | 5.01% | ||
| FLORENCE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €285,000 | €1,990 | 8.38% |
| 2-Bedroom | €350,000 | €2,200 | 7.54% |
| 3-Bedroom | €475,000 | €2,325 | 5.87% |
| 4+Bedroom | €720,000 | €4,500 | 7.50% |
| Florence (all locations) | |||
| 1-Bedroom | €239,000 | €1,800 | 9.04% |
| 2-Bedroom | €285,000 | €1,950 | 8.21% |
| 3-Bedroom | €360,000 | €2,200 | 7.33% |
| 4+Bedroom | €535,000 | €3,850 | 8.64% |
| Florence avg. Rental Yields | 8.30% | ||
| TURIN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Center | |||
| 1-Bedroom | €242,000 | €1,075 | 5.33% |
| 2-Bedroom | €350,000 | €1,300 | 4.46% |
| Turin (all locations) | |||
| Studio | €75,000 | €550 | 8.80% |
| 1-Bedroom | €84,000 | €800 | 11.43% |
| 2-Bedroom | €135,000 | €850 | 7.56% |
| 3-Bedroom | €209,000 | €1,100 | 6.32% |
| 4+Bedroom | €365,000 | €2,000 | 6.58% |
| Turin avg. Rental Yields | 8.14% | ||
| GENOA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Genoa (all locations) | |||
| 1-Bedroom | €75,000 | €700 | 11.20% |
| 2-Bedroom | €98,000 | €900 | 11.02% |
| 3-Bedroom | €119,000 | €835 | 8.42% |
| 4+Bedroom | €159,000 | €900 | 6.79% |
| Genoa avg. Rental Yields | 9.36% | ||
| PALERMO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Palermo (all locations) | |||
| Studio | €56,000 | €510 | 10.93% |
| 1-Bedroom | €77,000 | €620 | 9.66% |
| 2-Bedroom | €109,000 | €625 | 6.88% |
| 3-Bedroom | €155,000 | €780 | 6.04% |
| 4+Bedroom | €232,500 | €950 | 4.90% |
| Palermo avg. Rental Yields | 7.68% | ||
| NAPLES - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Naples (all locations) | |||
| Studio | €75,000 | €650 | 10.40% |
| 1-Bedroom | €135,000 | €900 | 8.00% |
| 2-Bedroom | €210,000 | €1,050 | 6.00% |
| 3-Bedroom | €310,000 | €1,500 | 5.81% |
| 4+Bedroom | €567,500 | €2,200 | 4.65% |
| Naples avg. Rental Yields | 6.97% | ||
| CATANIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| CATANIA (all locations) | |||
| Studio | €56,500 | €480 | 10.19% |
| 1-Bedroom | €70,000 | €580 | 9.94% |
| 2-Bedroom | €105,000 | €675 | 7.71% |
| 3-Bedroom | €135,000 | €785 | 6.98% |
| 4+Bedroom | €198,000 | €1,000 | 6.06% |
| Catania avg. Rental Yields | 8.18% | ||
| 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).
