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The average square meter rent in Italy in October 2023 declined from the previous month, but was about 0.7 euros more expensive than the same period in 2022. In October 2023, renters paid on average 12.74 euros per square meter for a rental home. However, renting in some of Italy's northern regions, including Aosta Valley, Tuscany, and Lombardy, was much more expensive.

City vs. Countryside

It is not a secret that rental prices for residential real estate differ hugely between the city and the countryside. In Italy, Milan and Rome are among the most expensive areas for renters. According to data gathered in 2023, some districts of the two cities boasted an average rental price of over 20 euros per square meter.

Southern Italy is more affordable

In absolute terms, renting a dwelling in cities in southern Italy is more affordable. Even in the most affluent areas, rents in Palermo were not higher than 11 euros per square meter in late 2023. Moreover, in Naples renting a dwelling could cost between seven and 17 euros per square meter.

Average monthly housing rent in Italy from January 2018 to October 2023 (in euros per square meter)

Characteristic	Price in euros per square meter
Oct 2023	12.74
Sep 2023	12.78
Aug 2023	12.77
Jul 2023	12.73
Jun 2023	12.63
May 2023	12.45
Apr 2023	12.02
Mar 2023	12.03
Feb 2023	11.94
Jan 2023	11.9
Dec 2022	11.95
Nov 2022	12.02
Oct 2022	12.05
Sep 2022	12.12
Aug 2022	12.15
Jul 2022	12.09
Jun 2022	11.97
May 2022	11.62
Apr 2022	11.5
Mar 2022	11.4
Feb 2022	11.37
Jan 2022	11.34
Dec 2021	11.31
Nov 2021	11.32
Oct 2021	11.32
Sep 2021	11.3
Aug 2021	11.3
Jul 2021	11.2
Jun 2021	11.2
May 2021	11.2
Apr 2021	11.2
Mar 2021	11.2
Feb 2021	11.3
Jan 2021	11.2
Dec 2020	11.1
Nov 2020	11.2
Oct 2020	11.2
Sep 2020	11.3
Aug 2020	11.2
Jul 2020	11.2
Jun 2020	11.1
May 2020	10.6
Apr 2020	10.3
Mar 2020	10.1
Feb 2020	10.1
Jan 2020	10
Dec 2019	10.1
Nov 2019	10.1
Oct 2019	10.2
Sep 2019	10.2
Aug 2019	10.2
Jul 2019	10.2
Jun 2019	10.1
May 2019	10
Apr 2019	9.9
Mar 2019	9.8
Feb 2019	9.8
Jan 2019	9.8
Dec 2018	9.8
Nov 2018	9.8
Oct 2018	9.8
Sep 2018	9.8
Aug 2018	9.8
Jul 2018	9.8
Jun 2018	9.7
May 2018	9.5
Apr 2018	9.5
Mar 2018	9.4
Feb 2018	9.4
Jan 2018	9.4

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Release date

November 2023

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Region

Italy

Survey time period

January 2018 to October 2023

Supplementary notes

The source adds the following information: "The data shows the prices of houses, apartments and in general residential properties in Italy. Prices are the average prices of properties published on Immobiliare.it in Italy."

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