Milan · Go deeper

Cost & housing

Milan — Cost & housing

There is no way around it: Milan is the most expensive city in Italy, on rent and on property, and it is not close. You pay a steep premium simply to be here. The trade is everything that premium buys, the careers, the connections, the infrastructure. Here is the range, and where to check live prices yourself.

Renting

Central one-bedroomabout €1,700–2,000 / mo
Outside the centre, one-bedroomabout €1,200–1,500 / mo
Central two-bedroomabout €2,600–3,200 / mo

These are for a decent, functional apartment with a real kitchen and a lift. Cheaper exists if you compromise on condition or location. Milan’s rents are the highest in Italy by a wide margin, and a few metro stops out saves real money.

Buying

If you’re looking to purchase:

City average (per square meter)about €5,500 / m²
Premium districts, Centro and Porta Nuova (per square meter)about €7,300 and up / m²
Entry-level, outer districts (per square meter)about €4,000 / m²

The most expensive property market in Italy. A typical 75 square meter apartment averages around €400,000, and entry-level studios in outer areas start around €180,000 to €230,000.

Other monthly costs

Utilities (electricity, gas, water — typical apartment)about €180–230 / mo
Local transport passabout €39 / mo

Our take

Milan asks you to pay the highest prices in Italy, full stop. What you get for it is unmatched in the country: the best healthcare, the best transport, the deepest job market, the easiest international travel, and a global life. It is the one Italian city where you trade money for opportunity rather than the other way around. If your move is about career and connection, Milan earns its cost. If it’s about stretching a budget into a slower, softer Italy, almost anywhere else in this guide serves you better.

Prices move with the market, so always check live listings. See current rentals on Idealista › | See prices on Immobiliare ›