Gross rental yields in Italy: Rome and 6 other cities
Average gross rental yield in Italy stands at 7.04% (Q3, 2024). Previously, in Q1, 2024 the average gross rental yield stood at 7.38%.
- Rome
- Milan
- Florence
- Turin
- Palermo
- Naples
- Catania
| Last Updated: Aug. 12, 2024 | |||
| ROME - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €225,000 | €1,445 | 7.71% |
| 1-Bedroom | €415,000 | €2,000 | 5.78% |
| 2-Bedroom | €675,000 | €2,700 | 4.80% |
| 3-Bedroom | €850,000 | €3,200 | 4.52% |
| 4+Bedroom | €1,420,000 | €4,400 | 3.72% |
| All Locations | |||
| Studio | €140,000 | €850 | 7.29% |
| 1-Bedroom | €190,000 | €1,350 | 8.53% |
| 2-Bedroom | €270,000 | €1,500 | 6.67% |
| 3-Bedroom | €365,000 | €1,800 | 5.92% |
| 4+Bedroom | €590,000 | €2,800 | 5.69% |
| Rome avg. Rental Yields | 6.82% | ||
| MILAN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Garibaldi-Porta Venezia | |||
| Studio | €270,000 | €1,200 | 5.33% |
| 1-Bedroom | €420,000 | €1,600 | 4.57% |
| 2-Bedroom | €670,000 | €2,200 | 3.94% |
| 3-Bedroom | €990,000 | €3,000 | 3.64% |
| 4+Bedroom | €1,450,000 | €5,450 | 4.51% |
| Greco - Turro | |||
| Studio | €175,000 | €950 | 6.51% |
| 1-Bedroom | €255,000 | €1,250 | 5.88% |
| 2-Bedroom | €379,000 | €1,800 | 5.70% |
| Comasina-Bicocca | |||
| Studio | €176,800 | €900 | 6.11% |
| 1-Bedroom | €240,000 | 5.75% | 5.75% |
| 2-Bedroom | €346,800 | €1,400 | 4.84% |
| Fiera-De Angeli | |||
| Studio | €285,000 | €1,100 | 4.63% |
| 1-Bedroom | €385,000 | €1,500 | 4.68% |
| 2-Bedroom | €630,000 | €2,333 | 4.44% |
| 3-Bedroom | €990,000 | €3,000 | 3.64% |
| 4+Bedroom | €1,650,000 | €4,166 | 3.03% |
| Lorenteggio-Bande Nere | |||
| Studio | €170,000 | €900 | 6.35% |
| 1-Bedroom | €279,000 | €1,200 | 5.16% |
| 2-Bedroom | €400,000 | €1,600 | 4.80% |
| Navigli-Bocconi | |||
| Studio | €280,000 | €1,050 | 4.50% |
| 1-Bedroom | €390,000 | €1,500 | 4.62% |
| 2-Bedroom | €650,000 | €2,100 | 3.88% |
| 3-Bedroom | €990,000 | €2,500 | 3.03% |
| Porta Vittoria | |||
| Studio | €235,000 | €1,100 | 5.62% |
| 1-Bedroom | €318,000 | €1,450 | 5.47% |
| 2-Bedroom | €560,000 | €2,000 | 4.29% |
| 3-Bedroom | €900,000 | €2,850 | 3.80% |
| Centro Storico | |||
| 1-Bedroom | €740,000 | €2,500 | 4.05% |
| 2-Bedroom | €1,230,000 | €3,333 | 3.25% |
| 3-Bedroom | €1,550,000 | €3,750 | 2.90% |
| 4+Bedroom | €2,450,000 | €7,400 | 3.62% |
| Milan avg. Rental Yields | 4.60% | ||
| FLORENCE - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| 1-Bedroom | €299,000 | €1,600 | 6.42% |
| 2-Bedroom | €350,000 | €1,700 | 5.83% |
| 3-Bedroom | €480,000 | €2,500 | 6.25% |
| 4+Bedroom | €690,000 | €4,500 | 7.83% |
| Florence (all locations) | |||
| Studio | €189,000 | €1,100 | 6.98% |
| 1-Bedroom | €249,000 | €1,450 | 6.99% |
| 2-Bedroom | €298,000 | €1,600 | 6.44% |
| 3-Bedroom | €378,000 | €1,800 | 5.71% |
| 4+Bedroom | €550,000 | €3,500 | 7.64% |
| Florence avg. Rental Yields | 6.75% | ||
| TURIN - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Centro | |||
| Studio | €173,000 | €800 | 5.55% |
| 1-Bedroom | €229,000 | €1,150 | 6.03% |
| 2-Bedroom | €350,000 | €1,300 | 4.46% |
| 3-Bedroom | €450,000 | €2,000 | 5.33% |
| 4+Bedroom | €695,000 | €3,000 | 5.18% |
| Turin (all locations) | |||
| Studio | €84,000 | €580 | 8.29% |
| 1-Bedroom | €89,000 | €700 | 9.44% |
| 2-Bedroom | €138,000 | €900 | 7.83% |
| 3-Bedroom | €220,000 | €1,200 | 6.55% |
| 4+Bedroom | €359,000 | €1,800 | 6.02% |
| Turin avg. Rental Yields | 7.62% | ||
| PALERMO - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Palermo (all locations) | |||
| Studio | €59,000 | €500 | 10.17% |
| 1-Bedroom | €80,000 | €650 | 9.75% |
| 2-Bedroom | €112,000 | €700 | 7.50% |
| 3-Bedroom | €150,000 | €830 | 6.64% |
| 4+Bedroom | €240,000 | €1,150 | 5.75% |
| Palermo avg. Rental Yields | 7.96% | ||
| NAPLES - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Naples (all locations) | |||
| Studio | €75,000 | €700 | 11.20% |
| 1-Bedroom | €140,000 | €990 | 8.49% |
| 2-Bedroom | €230,000 | €1,200 | 6.26% |
| 3-Bedroom | €320,000 | €1,350 | 5.06% |
| 4+Bedroom | €550,000 | €2,000 | 4.36% |
| Naples avg. Rental Yields | 7.07% | ||
| CATANIA - Apartments | COST (€) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| CATANIA (all locations) | |||
| Studio | €60,000 | €490 | 9.80% |
| 1-Bedroom | €70,000 | €600 | 10.29% |
| 2-Bedroom | €105,000 | €750 | 8.57% |
| 3-Bedroom | €139,000 | €850 | 7.34% |
| 4+Bedroom | €197,000 | €1,000 | 6.09% |
| Catania avg. Rental Yields | 8.42% | ||
| 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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Italy's Historic Rental Yield Data
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).