Gross rental yields in Italy: Rome and 6 other cities

Average gross rental yield in Italy stands at 7.38% (Q1, 2024). Previously, in Q3, 2023 the average gross rental yield stood at 7.49%.

  • Rome
  • Milan
  • Florence
  • Turin
  • Palermo
  • Naples
  • Catania
  Last Updated: Jan. 30, 2024
ROME - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
1-Bedroom €435,000 €2,350 6.48%
2-Bedroom €598,000 €2,900 5.82%
4+Bedroom €1,290,000 €6,500 6.05%
All Locations  
Studio €135,000 €900 8.00%
1-Bedroom €180,000 €1,350 9.00%
2-Bedroom €250,000 €1,450 6.96%
3-Bedroom €369,000 €1,840 5.98%
4+Bedroom €599,000 €3,000 6.01%
Rome avg. Rental Yields 7.19%
MILAN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Garibaldi-Porta Venezia  
Studio €298,000 €1,250 5.03%
1-Bedroom €420,000 €1,995 5.70%
2-Bedroom €700,000 €2,500 4.29%
3-Bedroom €950,000 €3,000 3.79%
4+Bedroom €1,500,000 €6,700 5.36%
Greco - Turro      
Studio €165,000 €900 6.55%
1-Bedroom €250,000 €1,350 6.48%
2-Bedroom €370,000 €1,800 5.84%
Comasina-Bicocca  
Studio €190,000 €1,000 6.32%
1-Bedroom €240,000 €1,250 6.25%
2-Bedroom €350,000 €1,500 5.14%
Fiera-De Angeli  
Studio €280,000 €1,150 4.93%
1-Bedroom €400,000 €1,625 4.88%
2-Bedroom €649,000 €2,250 4.16%
3-Bedroom €945,000 €3,600 4.57%
4+Bedroom €1,500,000 €6,670 5.34%
Lorenteggio-Bande Nere      
Studio €198,000 €900 5.45%
1-Bedroom €275,000 €1,250 5.45%
2-Bedroom €395,000 €1,680 5.10%
Navigli-Bocconi  
Studio €245,000 €1,100 5.39%
1-Bedroom €384,000 €1,666 5.21%
2-Bedroom €620,000 €2,000 3.87%
3-Bedroom €870,000 €2,800 3.86%
Porta Vittoria      
Studio €227,000 €1,150 6.08%
1-Bedroom €338,000 €1,500 5.33%
2-Bedroom €570,000 €1,933 4.07%
3-Bedroom €830,000 €2,660 3.85%
Centro Storico      
1-Bedroom €650,000 €3,000 5.54%
2-Bedroom €940,000 €4,100 5.23%
3-Bedroom €1,590,000 €4,500 3.40%
4+Bedroom €2,440,000 €7,500 3.69%
Milan avg. Rental Yields 5.04%
FLORENCE - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Centro  
1-Bedroom €278,000 €1,500 6.47%
2-Bedroom €360,000 €2,150 7.17%
3-Bedroom €490,000 €2,500 6.12%
4+Bedroom €650,000 €4,000 7.38%
Florence (all locations)      
Studio €157,000 €1,100 8.41%
1-Bedroom €236,000 €1,600 8.14%
2-Bedroom €298,000 €1,800 7.25%
3-Bedroom €375,000 €1,900 6.08%
4+Bedroom €550,000 €3,500 7.64%
Florence avg. Rental Yields 7.50%
TURIN - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Turin (all locations)      
Studio €75,000 €500 8.00%
1-Bedroom €85,000 €800 11.29%
2-Bedroom €138,000 €850 7.39%
3-Bedroom €208,000 €1,200 6.92%
4+Bedroom €375,000 €1,800 5.76%
Turin avg. Rental Yields 7.87%
PALERMO - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Palermo (all locations)  
Studio €60,000 €500 10.00%
1-Bedroom €75,000 €650 10.40%
2-Bedroom €110,000 €700 7.64%
3-Bedroom €120,000 €800 8.00%
4+Bedroom €160,000 €950 7.13%
Palermo avg. Rental Yields 8.63%
NAPLES - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
Naples (all locations)  
Studio €85,000 €700 9.88%
1-Bedroom €139,000 €1,000 8.63%
2-Bedroom €215,000 €1,150 6.42%
3-Bedroom €310,000 €1,400 5.42%
4+Bedroom €510,000 €2,000 4.71%
Naples avg. Rental Yields 7.01%
CATANIA - Apartments COST (€) YIELD (p.a.)
TO BUY MONTHLY RENT
CATANIA (all locations)      
Studio €60,000 €420 8.40%
1-Bedroom €75,000 €600 9.60%
2-Bedroom €105,000 €750 8.57%
3-Bedroom €135,000 €850 7.56%
4+Bedroom €205,000 €1,350 7.90%
Catania avg. Rental Yields 8.41%
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
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). 

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