Rent in Central Italy: a study from 2020 to 2023

Florence, one of the most impressive cities in Tuscany
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Discovering Italy’s rental landscapes, Tuscany and Lazio emerge as captivating chapters within the country’s diverse housing narrative. From the rolling hills of Tuscany to the historic streets of Lazio’s urban centres, these regions offer distinct experiences for renters seeking their slice of Italian life.

Join us on a journey through time and space as we delve into the nuances of renting in these captivating Italian regions in the past four years with CASAFARI’s data, to create unique living experiences. 

Toscana: price fluctuates from the expensive Massa-Carrara to affordable Siena

Florence, one of the most expensive areas of Tuscany
Photo by Jonathan Körner on Unsplash

From 2020 to 2023, the rental landscape for apartments in Tuscany witnessed notable fluctuations in prices and regional disparities.

In 2020, the highest prices per square metre varied across apartment sizes, with one-bedroom apartments commanding €17 per square metre, while two-bedroom and three-bedroom apartments shared a similar price point of €16 per square metre. The prices for larger accommodations, like four-bedroom apartments, were slightly higher at €19 per square metre.

In terms of regional variances, Massa-Carrara emerged as the most expensive area for apartments across different sizes in 2020, particularly for three-bedroom and four-bedroom units. 

Average asking price per square metre from 2020 to 2023 in Tuscany, for properties with 1 to 4 bedrooms

However, by 2021, there was a noticeable shift in the rental landscape. Prices for two-bedroom and three-bedroom apartments experienced a decline, with one-bedroom apartments maintaining their price from the previous year. Grosseto emerged as a prominent area for two-bedroom apartments in 2021, indicating shifting preferences or developments in the region’s housing market.

The year 2022 saw a resurgence in rental prices, with increases observed across all apartment sizes. One-bedroom apartments saw a modest rise to €18 per square metre, while larger accommodations experienced more substantial increments. Lucca emerged as a notable area with escalating rental prices, particularly for two-bedroom and three-bedroom apartments, indicating increased demand or limited availability in the region.

By 2023, rental prices reached their peak across most areas and apartment sizes in Tuscany. Firenze emerged as a dominant player, commanding the highest prices for various apartment sizes, reflecting its status as a cultural and economic hub. Lucca continued to feature prominently, especially for larger accommodations, further highlighting the region’s diverse rental landscape and the influence of local factors on pricing dynamics.

Sienna, a wonderful city amongst the most affordable in Tuscany
Photo by Alessandro Rossi on Unsplash

As per the lowest prices, in 2020, the lowest values per square metre were relatively modest, with one-bedroom apartments starting at €15 per square metre and gradually decreasing for larger accommodations. Areas like Livorno, Arezzo, and Pistoia emerged as the least expensive regions for renting apartments, reflecting more affordable options compared to urban centres.

However, by 2021, there was a noticeable upward trend in rental prices across Tuscany. While the lowest prices per square metre increased for most apartment sizes, certain areas like Siena consistently offered relatively affordable options. This suggests that while overall rental prices were on the rise, there remained pockets of affordability in certain regions.

The year 2022 continued to see an upward trajectory in rental prices, with minimal fluctuations in the ranking of least expensive areas. Siena maintained its position as one of the most affordable areas for renting apartments, indicating relative stability in its rental market amidst broader economic changes.

By 2023, the lowest prices per square metre experienced further increments. Despite this overall trend, areas like Siena, Arezzo, and Pistoia remained relatively affordable, with prices varying from €7 to €13 euros per square metre depending on the typology, compared to other regions. 

Rentals in Northern Italy: an overview from 2020 to 2023 in Piedmont and Lombardy

Lazio: stability in prices in both expensive and affordable areas

The city centre of Rome, notably one of the most expensive areas in Lazio
Photo by Daniel Basso on Unsplash

From 2020 to 2023, the rental market for apartments in the Lazio region of Italy experienced fluctuations in prices alongside varying affordability across different areas. In 2020, the highest prices per square metre were observed across different apartment sizes, with Rome emerging as the most expensive area for renting apartments, followed by Latina. This trend highlighted the dominance of urban centres in dictating rental prices, reflecting the demand for housing in bustling metropolitan areas.

However, by 2021, there was a slight adjustment in rental prices, with some areas witnessing a decrease in the highest prices per square metre. Despite this, Rome maintained its status as the most expensive area for renting apartments across different sizes, underlining its significance in the regional rental market. Latina remained a prominent but relatively more affordable alternative to Rome, offering a contrast in rental dynamics within the Lazio region.

The year 2022 saw a stabilisation in rental prices, with minimal fluctuations observed across different areas. Rome continued to lead as the most expensive area for renting apartments, with Latina following closely behind.

By 2023, rental prices in Lazio reached their peak, with Rome maintaining its position as the most expensive area for renting apartments. However, there was a notable increase in rental prices across other areas as well. Despite the overall rise in prices, Latina continued to offer relatively affordable rental options compared to Rome.

Average asking price per square metre from 2020 to 2023 in Lazio, for properties with 1 to 4 bedrooms

Now speaking about the most affordable areas, in 2020, the lowest prices per square metre were notably modest, with Viterbo emerging as the least expensive area for renting apartments across various sizes. This trend highlighted the availability of budget-friendly rental options in certain regions within Lazio, catering to renters seeking affordable housing solutions.

Despite slight variations in prices, the year 2021 maintained a similar affordability trend, with Viterbo continuing to offer the lowest rental prices per square metre for apartments. Other areas like Rieti and Frosinone also featured prominently as cost-effective options for renters. During 2023, Viterbo, Rieti and Frosinone remained relatively stable in prices, still posing as viable alternatives for renters seeking budget-friendly accommodation options within the region. 

By 2023, rental prices in Lazio experienced marginal increments, but the overall affordability trend persisted. Viterbo retained its position as the least expensive area for renting apartments, highlighting its resilience in providing affordable housing options over the years. Rieti and Frosinone continued to offer competitive rental prices, reinforcing the notion of Lazio as a region with diverse rental dynamics catering to the needs of renters with varying budget constraints.

Rieti, one of the affordable gems of Lazio
Photo by Gabriella Clare Marino on Unsplash

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