Reducing the cost of renting a home in Italy

Reducing the cost of renting a home in Italy is a guaranteed budget for your vacation!
Rome, December 6th

Recent reports on rental housing in Italy have provided encouraging news for tourists planning to visit this amazing country. The cost of renting a home in Italy has gone down, creating excellent opportunities for budget travelers.

Rent reduction in November
According to the Idealista research department, in November 2023, rents decreased by 2.1%, reaching €12.4 per square meter per month. This noticeable decrease creates favorable conditions for those who dream of spending a vacation away from the usual hotel bustle.

Regional features
At the regional level, there is a general decrease in rents, excluding Trentino Alto Adige and Molise, where growth of 3.2% and 1.2%, respectively, was recorded. However, even in these regions, the rental price remains at a level acceptable to most tourists.

Attractive offers in the provinces
The decline in rental rates is also noticeable in the provinces. Many of them note a drop in prices of more than 10%, which makes traveling to various parts of Italy even more attractive.

Capitals and cities: changes in trends
Despite the mixed trends in cities, most capitals of the studied regions note a decrease in rental costs. This opens up unique opportunities for tourists to budget accommodation in the most interesting places.

The best deals in the main tourist destinations
Venice, Naples and Palermo are showing positive dynamics with rising rental rates. There is also stability in Rome with a slight increase of 0.1%. However, Milan and Turin seem to offer even more attractive prices with a slight decrease of 1.8% and 2% respectively.