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).