Rental prices in Italy are still increasing.

Rents in Italy on the rise: Rome breaks a new record, while major urban areas display signs of deceleration

As per Idealista data, the average rental fee in Italy surged by 0.4% in May compared to April, hitting 15 euros per square meter, marking a fresh all-time high. Annually, the uptick stood at 2.2%.

Urban Scenario

Out of the 87 examined cities, rent prices went up in 41, dropped in 43, and remained steady in 3.

Grosseto, Syracuse, Sassari, and Ravenna saw the most significant jumps in rents. Noteworthy increases were also registered in Cuneo, Matera, Reggio di Calabria, Piacenza, and Terni.

Regarding major cities:

Rome achieved a new milestone, hitting an average of €19.8 per m², a rise of 0.1%;
Genoa and Bari experienced moderate growth;
Turin and Palermo maintained their previous rates;
Bologna, Milan, and Naples saw slight decreases;
The most notable declines were in Florence and Venice.

The most significant monthly drops were witnessed in Pesaro, Mantua, Salerno, Andria, Caltanissetta, and Novara.

Even with a slight dip, Milan remains the costliest city for renters in the country at an average of €23.2 per m². Florence and Venice follow suit. The most budget-friendly rates are in Caltanissetta, Vibo Valentia, Ragusa, and Reggio di Calabria.

A total of 22 cities reached their peak values in Idealista's history, including Rome, Turin, Palermo, Bergamo, Perugia, and Lecce.

Provincial Overview

At the provincial level, positive trends dominate: growth was seen in 60 out of 106 areas.

Rimini province led in rental hike, with prices surging by over 56%. Substantial growth was also observed in Grosseto, Latina, Sassari, Rieti, and Vercelli.

Among the provinces of major cities, there was an upturn in Genoa, Naples, Rome, and Bari. Conversely, a decrease was noted in Florence, Venice, Bologna, Milan, and Turin.

Lucca remains the priciest province in Italy at an average of 29.3 euros per m², followed by Valle d'Aosta, Belluno, Grosseto, and Milan. The lowest rates were found in Caltanissetta, Enna, Isernia, Potenza, and Avellino.

Regional Outlook

Rental growth was evident in 14 out of Italy's 20 regions. Notable price hikes were seen in Valle d'Aosta, Friuli-Venezia Giulia, Sardinia, and Emilia-Romagna. Positive trends were also observed in Liguria, Umbria, Lazio, Marche, Campania, and Calabria.

A decline was noted in Trentino-Alto Adige, Piedmont, Veneto, Molise, Tuscany, and Lombardy.

Valle d'Aosta remains the priciest region for renting at an average of 26.6 euros per m². Following are Lombardy, Tuscany, Lazio, and Trentino-Alto Adige.

In May, historical price peaks were reached in seven regions: Valle d'Aosta, Friuli-Venezia Giulia, Sardinia, Lazio, Campania, Apulia, and Sicily.