Rent in Central Italy: a study from 2020 to 2023
According to CASAFARI data on rental listings from 2020 to 2023, asking rents in Tuscany and Lazio peaked in 2023 after shifting during 2021. By 2023, the most expensive markets were Florence and Lucca in Tuscany, and Rome and Latina in Lazio. The most affordable areas were Siena, Arezzo and Pistoia in Tuscany, offering asking rents from €7 to €13 per square metre, alongside Viterbo, Rieti and Frosinone in Lazio.
Toscana: price fluctuates from the expensive Massa-Carrara to affordable Siena
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.
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.
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
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.
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.
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Frequently asked questions
Which areas in Tuscany had the highest asking rents between 2020 and 2023?
According to CASAFARI’s rental market data, Massa-Carrara was the most expensive area in Tuscany in 2020, especially for three- and four-bedroom flats. By 2022 and 2023, Florence (Firenze) took the lead as the most expensive market across apartment sizes, while Lucca also recorded high asking rents for larger properties.
Where are the most affordable places to rent an apartment in Tuscany?
CASAFARI data from 2020 to 2023 shows that Siena, Arezzo and Pistoia (along with Livorno in 2020) consistently offered the lowest asking rents per square metre in Tuscany. Even when asking prices peaked across the region in 2023, rents in Siena, Arezzo and Pistoia ranged from €7 to €13 per square metre depending on the apartment size.
How did asking rental prices in Lazio change from 2020 to 2023?
In Lazio, CASAFARI’s analysis shows that asking rents dipped slightly in some areas in 2021, stabilised in 2022 and reached their four-year peak in 2023. Throughout the entire 2020–2023 period, Rome remained the most expensive market in the region, followed by Latina.
Which provinces in Lazio offer the lowest asking rents?
Between 2020 and 2023, Viterbo consistently recorded the lowest asking rental prices per square metre in Lazio across apartment sizes, according to CASAFARI data. Rieti and Frosinone also remained stable, budget-friendly alternatives to Rome.
How can real estate professionals track rental market trends in Italy with CASAFARI?
Real estate professionals can use CASAFARI’s Area Insights to analyse asking prices per square metre, price distributions and historical time series across Italian regions. Developers can also access this data programmatically via the Area Insights API documentation.