Authored by the expert who managed and guided the team behind the Italy Property Pack
Yes, the analysis of Turin's property market is included in our pack
This blog post explains what rental yields you can expect when investing in residential property in Turin, whether you're looking at apartments, studios, houses, or villas.
We break down the numbers by neighborhood, property type, and recurring costs so you can estimate your real returns before buying.
We constantly update this article to reflect the latest market data from Turin's property market.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Turin.
Insights
- Turin's citywide gross rental yield sits around 7% in early 2026, which is notably higher than Milan or Rome where yields often struggle to reach 5%.
- The gap between the highest-yield and lowest-yield neighborhoods in Turin can exceed 5 percentage points, with Aurora reaching over 10% while Centro hovers near 4.7%.
- Net yields in Turin typically drop to around 4.6% after accounting for Italy's cedolare secca tax (21%), IMU property tax, and building charges.
- Studios and small one-bedroom apartments in Turin often deliver the best yield per square meter because students and young workers pay a premium for central, well-connected units.
- Vacancy rates in Turin average around 5%, but neighborhoods like San Salvario and Vanchiglia often see rates below 3% thanks to strong university and early-career renter demand.
- Metro Linea 2 construction starting in 2026 is expected to lift rents in areas like Rebaudengo by improving accessibility to central Turin.
- Aurora and Barriera di Milano currently offer gross yields above 10%, but a city-backed regeneration program may push prices up and compress future yields.
- Full-service property management in Turin typically costs between 6% and 10% of collected rent, plus around one month's rent for tenant placement.
What are the rental yields in Turin as of 2026?
What's the average gross rental yield in Turin as of 2026?
As of early 2026, the average gross rental yield for residential properties in Turin sits at approximately 7% per year.
That said, the realistic range spans from about 6.5% to nearly 8% depending on the neighborhood you buy in and the size of the unit.
This positions Turin as one of the higher-yielding major cities in Italy, comfortably above Milan, Rome, and Florence where gross yields often stay below 5%.
The single most important factor driving these yields in Turin is the wide gap between affordable purchase prices in outer districts and rents that don't fall as dramatically, meaning location discipline matters more than simply charging higher rent.
What's the average net rental yield in Turin as of 2026?
As of early 2026, the average net rental yield for residential properties in Turin comes in at around 4.6% per year.
This means landlords in Turin typically see about 30% to 35% of their gross income absorbed by taxes, fees, and other recurring costs.
The biggest expense eating into your gross yield in Turin is income tax on rental income, which most small landlords pay through the cedolare secca flat tax at 21% (or 10% if you use the discounted "canone concordato" contract type).
The realistic range for net yields in Turin runs from about 4.1% to 5.3%, with the variation depending on how well you manage vacancy, whether you self-manage or hire a company, and the specific tax regime you qualify for.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Turin.
We made this infographic to show you how property prices in Italy compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What yield is considered "good" in Turin in 2026?
In Turin's property market, a gross rental yield of 7% or higher is generally considered good by local investors, while anything above 8.5% is viewed as very good and typically requires buying in more affordable districts or finding undervalued properties.
The threshold that separates average-performing properties from high-performing ones in Turin is around 7% gross, which also happens to be close to the citywide average, so outperformance really comes down to buying below market prices or targeting high-demand micro-areas where rents hold firm.
How much do yields vary by neighborhood in Turin as of 2026?
As of early 2026, the spread in gross rental yields between the highest-yield and lowest-yield neighborhoods in Turin exceeds 5 percentage points, ranging from about 4.7% to over 10%.
The neighborhoods that typically deliver the highest rental yields in Turin are those with lower purchase prices but steady rental demand, such as Aurora, Barriera di Milano, Rebaudengo, Vallette, Lucento, and Madonna di Campagna.
On the other end, the lowest-yield neighborhoods in Turin are premium areas where high property prices compress returns, including Centro, Crocetta, San Secondo, Cavoretto, and the Gran Madre hillside zone.
The main reason yields vary so much across Turin neighborhoods is that purchase prices differ dramatically between the historic core and the northern or western periphery, while rents don't drop nearly as steeply, creating a wide profitability gap based purely on where you buy.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Turin.
How much do yields vary by property type in Turin as of 2026?
As of early 2026, gross rental yields in Turin range from about 5% for detached houses and villas up to around 8% or more for studios and small apartments, with standard one-bedroom and two-bedroom units falling somewhere in between.
The property type currently delivering the highest average gross rental yield in Turin is the studio or small one-bedroom apartment, which benefits from strong demand among students and young professionals willing to pay a premium per square meter for central, well-connected locations.
The property type with the lowest average gross rental yield in Turin is typically the detached house or villa, where high capital values, thinner renter demand, and greater maintenance costs drag down returns.
The key reason yields differ between property types in Turin is that smaller units command higher rents per square meter while larger homes and villas require proportionally higher purchase prices that aren't offset by equivalent rental premiums.
By the way, you might want to read the following:
What's the typical vacancy rate in Turin as of 2026?
As of early 2026, the average residential vacancy rate in Turin sits at approximately 5% for investment properties in the long-term rental market.
However, vacancy rates vary significantly across Turin, ranging from around 3% in high-demand central and student-heavy neighborhoods to 7% or more in peripheral areas with less convenient transit or older building stock.
The main factor currently driving vacancy rates in Turin is the combination of location quality and unit pricing: well-located, fairly-priced apartments in areas like San Salvario or Vanchiglia fill quickly, while overpriced or poorly-connected units sit longer.
Compared to the Italian national average, Turin's vacancy rate is relatively healthy, partly because the city's rental market has seen falling time-to-let since the pandemic, with Italy-wide evidence suggesting re-letting times dropped by about 40% versus pre-2020 levels.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Turin.
What's the rent-to-price ratio in Turin as of 2026?
As of early 2026, the average rent-to-price ratio in Turin is approximately 0.58% per month, which means monthly rent equals about 0.58% of the property's purchase price.
For buy-to-let investors in Turin, a monthly rent-to-price ratio of 0.5% or higher is generally considered favorable, and since 0.58% multiplied by 12 months gives you roughly 7%, this ratio translates directly into the city's average gross rental yield.
Compared to other major Italian cities, Turin's rent-to-price ratio is notably higher than Milan (around 0.35% to 0.4%) and Rome (around 0.4%), making Turin one of the more attractive options for income-focused property investors in Italy.
We have made this infographic to give you a quick and clear snapshot of the property market in Italy. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
Which neighborhoods and micro-areas in Turin give the best yields as of 2026?
Where are the highest-yield areas in Turin as of 2026?
As of early 2026, the top three highest-yield neighborhoods in Turin are Aurora, Barriera di Milano (including Rebaudengo), and the Vallette-Lucento-Madonna di Campagna cluster in the northwest.
In these top-performing areas, gross rental yields typically range from about 8% up to over 10%, with Aurora and Barriera di Milano often hitting double-digit returns on paper.
The main characteristic these high-yield Turin neighborhoods share is comparatively low purchase prices per square meter while maintaining steady rental demand from workers, students, and families who need affordable housing with decent transit connections.
You'll find a much more detailed analysis of the areas with high profitability potential in our property pack covering the real estate market in Turin.
Where are the lowest-yield areas in Turin as of 2026?
As of early 2026, the top three lowest-yield neighborhoods in Turin are Centro (the historic city center), Crocetta-San Secondo (a prestigious residential zone), and Cavoretto-Gran Madre (the hillside pre-collina area).
In these low-yield areas, gross rental yields typically range from about 4.7% to 5.2%, which is still positive but significantly below the citywide average.
The main reason yields are compressed in these premium Turin neighborhoods is that property prices are elevated due to prestige, amenities, and lifestyle appeal, but rents don't rise proportionally because there's a ceiling on what even high-income tenants are willing to pay.
Buying a property in a low-yield area is one of the mistakes we cover in our list of risks and pitfalls people face when buying property in Turin.
Which areas have the lowest vacancy in Turin as of 2026?
As of early 2026, the three neighborhoods with the lowest residential vacancy rates in Turin are San Salvario, Vanchiglia-Vanchiglietta, and Centro-Quadrilatero Romano.
In these low-vacancy areas, vacancy rates typically stay in the range of 2% to 4%, meaning landlords rarely face extended gaps between tenants.
The main demand driver keeping vacancy low in these Turin neighborhoods is the combination of university students, young professionals, and nightlife or services that create continuous renter churn and high liquidity.
The trade-off investors face when targeting these low-vacancy areas is that purchase prices are generally higher, which compresses gross yields, so you're essentially paying for stability and liquidity rather than maximizing raw returns.
Which areas have the most renter demand in Turin right now?
The three neighborhoods currently experiencing the strongest renter demand in Turin are San Salvario (near Porta Nuova station), Vanchiglia-Vanchiglietta (popular with students), and Borgo San Paolo-Cenisia (close to the Politecnico university).
The renter profile driving most of the demand in these areas is a mix of university students, young professionals starting their careers, and mobile workers who prioritize walkability, nightlife, and easy transit connections over space.
In these high-demand Turin neighborhoods, well-priced rental listings typically get filled within two to three weeks, and sometimes even faster for furnished studios or one-bedroom apartments.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Turin.
Which upcoming projects could boost rents and rental yields in Turin as of 2026?
As of early 2026, the top three upcoming infrastructure projects expected to boost rents in Turin are Metro Linea 2 (with construction starting in 2026), the Aurora-Barriera di Milano urban regeneration program, and the Parco della Salute research and healthcare campus near Lingotto.
The neighborhoods most likely to benefit from these projects include Rebaudengo and Porta Nuova (along the Metro 2 corridor), Aurora and Barriera di Milano (from the regeneration investment), and Lingotto-Nizza Millefonti (from the health campus employment boost).
Once these projects are completed or well underway, investors might realistically expect rent increases of 5% to 15% in the directly affected areas, though the timeline spans several years and early movers may capture gains as expectations get priced in.
You'll find our latest property market analysis about Turin here.
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What property type should I buy for renting in Turin as of 2026?
Between studios and larger units in Turin, which performs best in 2026?
As of early 2026, studios and small one-bedroom apartments generally outperform larger units in Turin when measured by gross rental yield and occupancy speed, making them the better choice for income-focused investors.
The typical gross rental yield for studios in Turin ranges from about 7% to 9% (roughly €140 to €180 per square meter per year, or around $150 to $195 USD, €140 to €180 EUR), while larger two-bedroom or three-bedroom units usually fall in the 5.5% to 7% range.
The main factor explaining why smaller units outperform in Turin is that students and young workers represent a large share of the renter pool, and they're willing to pay a premium per square meter for convenience and central locations rather than extra space.
That said, larger units can be the better investment choice when targeting stable family tenants or executive relocations, where longer lease terms and lower turnover compensate for the lower yield percentage.
What property types are in most demand in Turin as of 2026?
As of early 2026, the most in-demand property type in Turin's rental market is the one-bedroom or two-bedroom apartment (bilocale or trilocale in Italian), which appeals to the widest range of tenants.
The top three property types ranked by current tenant demand in Turin are: first, one-bedroom and two-bedroom apartments; second, studios (monolocali); and third, larger family-size apartments with three or more bedrooms.
The primary demographic trend driving this demand pattern in Turin is the city's large population of university students, young professionals, and mobile workers who need flexible, affordable, and well-connected housing rather than large family homes.
One property type currently underperforming in demand in Turin is the detached house or villa, which attracts a much thinner renter audience and often sits vacant longer unless priced very competitively or positioned as an executive rental.
What unit size has the best yield per m² in Turin as of 2026?
As of early 2026, the unit size range that delivers the best gross rental yield per square meter in Turin is typically between 25 and 50 square meters, which covers studios and compact one-bedroom apartments.
For this optimal unit size in Turin, the typical gross rental yield per square meter works out to around €140 to €180 annually (approximately $150 to $195 USD, €140 to €180 EUR), compared to €100 to €130 for larger units.
The main reason smaller units outperform on yield per square meter in Turin is that renters accept higher per-meter costs for the convenience of living centrally, while larger units require proportionally more space that tenants aren't willing to pay a linear premium for.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Turin.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Italy versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What costs cut my net yield in Turin as of 2026?
What are typical property taxes and recurring local fees in Turin as of 2026?
As of early 2026, the annual IMU property tax for a typical rental apartment in Turin varies based on cadastral value but generally runs between €800 and €2,000 per year (approximately $870 to $2,170 USD, €800 to €2,000 EUR) for a standard investment property.
Beyond IMU, landlords in Turin must also budget for income tax on rental income, most commonly paid through the cedolare secca flat tax at 21% of rent collected (or 10% if using a "canone concordato" discounted contract), plus a share of condominium building charges that aren't passed to tenants.
Together, these taxes and mandatory fees typically represent about 25% to 35% of gross rental income in Turin, which explains a significant portion of the gap between gross and net yields.
By the way, we cover all the hidden fees and taxes in our property pack covering the real estate market in Turin.
What insurance, maintenance, and annual repair costs should landlords budget in Turin right now?
Annual landlord insurance costs in Turin for a typical rental apartment are relatively modest, generally ranging from €150 to €400 per year (approximately $165 to $435 USD, €150 to €400 EUR) depending on coverage level and building characteristics.
For maintenance and repairs, a prudent landlord in Turin should budget around 0.8% to 1.2% of the property's value per year, which for a €150,000 apartment translates to roughly €1,200 to €1,800 annually (about $1,300 to $1,950 USD).
The type of repair expense that most commonly catches Turin landlords off guard is unexpected condominium special assessments (spese straordinarie) for building facade work, roof repairs, or boiler replacement, which can add thousands of euros in a single year.
In total, landlords in Turin should realistically budget between €1,500 and €2,500 per year (approximately $1,630 to $2,720 USD, €1,500 to €2,500 EUR) to cover insurance, routine maintenance, and a reserve for occasional larger repairs.
Which utilities do landlords typically pay, and what do they cost in Turin right now?
In standard long-term residential rentals in Turin, utilities like electricity, gas, water, and internet are typically paid by the tenant, while landlords are generally responsible only for certain condominium-related costs and occasionally specific shared services depending on the lease contract.
When landlords do cover any utilities (such as in some furnished short-term rentals), the monthly cost in Turin for a typical apartment runs between €100 and €200 (approximately $110 to $220 USD, €100 to €200 EUR), though this is not the norm for standard long-term leases.
What does full-service property management cost, including leasing, in Turin as of 2026?
As of early 2026, full-service property management fees in Turin typically range from 6% to 10% of collected monthly rent (approximately €70 to €115 per month for an €1,150 rent, or $75 to $125 USD, €70 to €115 EUR), depending on the management company and service level.
On top of ongoing management, the typical leasing or tenant-placement fee in Turin is around one month's rent (approximately €1,000 to €1,400, or $1,085 to $1,520 USD), sometimes split between landlord and tenant or structured differently depending on the agency.
What's a realistic vacancy buffer in Turin as of 2026?
As of early 2026, landlords in Turin should set aside approximately 10% to 15% of their annual rental income as a vacancy buffer to account for turnover gaps and re-letting time.
In practical terms, this translates to roughly four to six weeks of vacancy per year for a typical rental property in Turin, though well-located and fairly-priced units in high-demand neighborhoods often experience less.
Buying real estate in Turin can be risky
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Turin, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's authoritative | How we used it |
|---|---|---|
| Agenzia delle Entrate OMI | It's the Italian government's official property market observatory with administrative data on sale and rent values. | We used it as an official anchor for price and rent ranges by zone and property type. We cross-checked private portal data against it to avoid relying on listing noise. |
| Agenzia delle Entrate Rapporto Immobiliare 2025 | It's an official annual report based on cadastre, registry, and OMI archives covering the Italian residential market. | We used it for national market context on transactions and structural trends. We applied it to sanity-check local Turin dynamics against Italy-wide patterns. |
| immobiliare.it | It's one of Italy's largest property marketplaces with consistent neighborhood-level price and rent breakdowns. | We used it to compute neighborhood-level gross yields with the same methodology across all Turin zones. We also used it to illustrate yield dispersion with real neighborhood names. |
| idealista (rent index) | It's a major property portal with a published methodology and consistent time series for tracking rent evolution. | We used it as the citywide rent input closest to January 2026. We triangulated it with immobiliare.it zone rents to avoid single-source bias. |
| idealista (sale index) | It provides transparent, regularly updated sale price data with historical series for Turin and surrounding areas. | We used the Turin city sale price to compute a baseline citywide rent-to-price ratio. We cross-checked it against other portal averages to set a confident estimate range. |
| Nomisma Osservatorio Immobiliare | Nomisma is a long-standing Italian research institute widely used by institutions for property market analysis. | We used it to benchmark normal gross return expectations in Italy. We applied it to frame what a "good" yield looks like in risk-adjusted terms. |
| Nomisma Osservatorio Affitti | It's a specialist report focused specifically on Italy's rental market structure, pressures, and demand dynamics. | We used it to interpret vacancy and demand dynamics in tight markets. We applied it as a qualitative cross-check for neighborhood demand signals in Turin. |
| CRIF-Nomisma | CRIF is a major Italian data firm partnered with Nomisma for rental market analysis and renter behavior insights. | We used it to understand renter behavior and landlord risk factors like late payments. We applied it to justify conservative vacancy and arrears buffers in net yield calculations. |
| Comune di Torino IMU 2026 | It's the official city source for Turin's municipal property tax decisions and rate confirmations. | We used it to confirm the IMU framework for 2026 and that rates were maintained versus 2025. We modeled IMU as a recurring cost item in net yield calculations. |
| Agenzia delle Entrate cedolare secca | It's the official tax authority explanation of the flat-tax regime most Italian landlords actually use. | We used it to model landlord income tax on rent realistically at 21% standard or 10% for discounted contracts. We included it explicitly in our net yield calculations. |
| Confedilizia cost allocation table | It's the widely-used reference for allocating building and service charges between owners and tenants in Italy. | We used it to determine which recurring costs hit the landlord versus the tenant. We translated that into a practical net yield cost checklist. |
| ARERA electricity update | ARERA is Italy's official energy regulator and the authoritative source for regulated electricity price updates. | We used it as the reference for how Italian electricity costs are updated and what drives changes. We applied it to support utilities budgeting logic even when tenants pay most utilities. |
| Banca d'Italia housing survey | It's the Italian central bank's recurring survey on housing market conditions, financing, and liquidity. | We used it to frame the financing and market backdrop affecting pricing. We applied it to avoid making Turin-only claims that contradict broader Italian market signals. |
| Regione Piemonte Parco della Salute | It's the official regional page for a major Turin infrastructure project bringing healthcare and research employment. | We used it to identify projects likely to shift rental demand near affected areas. We mapped it to nearby neighborhoods for micro-area commentary on rent catalysts. |
| MIT Metro Linea 2 | It's an official Italian Ministry of Infrastructure announcement about a major transport investment in Turin. | We used it to validate that Metro 2 is institutional and progressing. We connected the planned corridor to neighborhoods and explained why accessibility can lift rents. |
| Comune di Torino Aurora regeneration | It's the city's own official announcement for a funded urban regeneration program in northern Turin. | We used it to support upcoming catalysts specifically in Aurora and Barriera di Milano. We reflected it in yield and demand outlook for those micro-areas. |
| Monitor Immobiliare | It's a respected Italian real estate news source reporting on market trends and time-to-let data. | We used it for evidence that rental listing times have fallen significantly versus pre-pandemic levels. We applied this to estimate realistic vacancy buffers for Turin investors. |
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