Finding Shelter: Understanding the Cost of Living

Boarding and Lodging Costs in Rome

How much does it cost to rent or buy a property in Rome?

The cost of renting or buying a property in Rome varies widely depending on many factors, such as location (central or peripheral), size (number of rooms), condition (new or old), amenities (furnished or unfurnished), type (apartment or house), etc.

According to Numbeo.com, a website that collects user-generated data on prices and quality of life around the world, the average monthly rent for a one-bedroom apartment in the city centre is about €1,000, while outside the city centre, it is about €700. The average monthly rent for a three-bedroom apartment in the city centre is about €1,900, while outside the city centre, it is about €1,200.

The average price per square meter to buy an apartment in the city centre is about €6,000, while outside the city centre, it is about €3,000.

These are just average figures, and they may not reflect the actual prices that you may find in different neighbourhoods or areas of Rome.

For example, some of the most expensive neighbourhoods to rent or buy a property in Rome are:

• Centro Storico: This is the historical centre of Rome, where you can find the most famous landmarks, such as Piazza Navona, the Pantheon, the Trevi Fountain, the Spanish Steps, etc. It is also the most touristy area of Rome, where you can find many hotels, restaurants, shops, and bars. The average monthly rent for a one-bedroom apartment in this area is about €1,500, while the average price per square meter to buy an apartment is about €10,000.
• Prati: This is a residential area near Vatican City, where you can find many elegant buildings, offices, and shops. It is also a convenient area to access other parts of Rome, as it has several metro stations and bus lines. The average monthly rent for a one-bedroom apartment in this area is about €1,200, while the average price per square meter to buy an apartment is about €7,000.
• Parioli: This is an upscale area north of Villa Borghese Park, where you can find many luxurious villas, embassies, and clubs. It is also a quiet area with green spaces and good schools. The average monthly rent for a one-bedroom apartment in this area is about €1,300, while the average price per square meter to buy an apartment is about €8,000.

Some of the cheapest neighbourhoods to rent or buy a property in Rome are:

• San Lorenzo: This is a student area near La Sapienza University, where you can find many cheap apartments, bars, and restaurants. It is also an alternative area with a lively nightlife scene. The average monthly rent for a one-bedroom apartment in this area is about €600, while the average price per square meter to buy an apartment is about €2
• Tor Vergata: This is a suburban area southeast of Rome, where you can find many new apartments, shopping centres, and hospitals. It is also a convenient area to access the GRA ring road and the Ciampino airport. The average monthly rent for a one-bedroom apartment in this area is about €500, while the average price per square meter to buy an apartment is about €1,500.
• Ostiense: This is an industrial area south of Rome, where you can find many converted lofts, art galleries, and clubs. It is also a trendy area with a multicultural vibe and a street art scene. The average monthly rent for a one-bedroom apartment in this area is about €700, while the average price per square meter to buy an apartment is about €2,500.

What are the best neighbourhoods to live in Rome?

The best neighbourhoods to live in in Rome depending on your personal preferences, needs, and budget. However, some general criteria that you may consider are:

• Safety: Rome is generally a safe city, but like any big city, it has some areas that are more prone to crime or scams than others. You may want to avoid areas that are known for pickpocketing, drug dealings, or prostitution, such as Termini Station, Esquilino, or San Basilio. You may also want to avoid areas that are too isolated or poorly lit at night, such as Tor Bella Monaca or Torre Angela. You may want to choose areas that have a good police presence, a friendly community, and a low crime rate, such as Prati, Parioli, or Monteverde.
• Convenience: Rome is a large and sprawling city, and getting around can be challenging sometimes. You may want to choose areas that have good public transport connections, such as metro stations, bus lines, or tram stops. You may also want to choose areas that have easy access to other parts of the city or the country, such as train stations, airports, or highways. You may also want to choose areas that have all the amenities and services that you need, such as supermarkets, pharmacies, banks, schools, etc., within walking distance or a short drive. Some examples of convenient areas are Prati, Ostiense, or Trastevere.
• Atmosphere: Rome is a city with a lot of character and charm, and each neighbourhood has its own personality and vibe. You may want to choose areas that match your lifestyle and taste, whether you prefer a quiet and residential area, a lively and touristy area, or an alternative and creative area. You may also want to choose areas that have a lot of green spaces and parks, where you can relax and enjoy nature. You may also want to choose areas that have a lot of cultural and historical attractions, where you can admire the beauty and heritage of Rome. Some examples of atmospheric areas are Centro Storico, Monti, or Testaccio.

What are the pros and cons of living in Rome?

Living in Rome has its pros and cons, like any other city in the world. Some of the pros are:

• Culture: Rome is a city with a rich and fascinating culture that offers endless opportunities to learn and enjoy. You can visit some of the most iconic monuments and museums in the world, such as the Colosseum, the Vatican Museums, or the Capitoline Museums. You can also experience some of the most vibrant and diverse artistic scenes in Europe, such as opera, theatre, cinema, music, literature, and fashion. You can also immerse yourself in the local traditions and customs, such as festivals, parades, or celebrations.
• Cuisine: Rome is a city with delicious and varied cuisine that satisfies every palate and budget. You can taste some of the most typical dishes and drinks in Rome, such as pizza al taglio (sliced pizza), carbonara (pasta with egg, cheese, and bacon), cacao e pepe (pasta with cheese and pepper), supplì (fried rice balls with cheese), artichokes (fried or braised), espresso (strong coffee), or wine (red or white). You can also explore some of the most diverse and exotic cuisines in Rome, such as Chinese, Indian, or Ethiopian.
• Climate: Rome is a city with a beautiful and pleasant climate that allows you to enjoy its charms all year round. It has mild winters and hot summers that are tempered by sea breezes. It has four distinct seasons that offer different colours and atmospheres. It has many green spaces and parks that provide relaxation and recreation.

Some of the cons are:

• Traffic: Rome is a city with a lot of traffic and congestion that can make your commute stressful and time-consuming. It has narrow streets and old buildings that limit the space for cars and pedestrians. It has a lot of cars and motorcycles that create noise and pollution. It has a public transport system that is often overcrowded, unreliable, or inefficient. It also has a lot of tourists and visitors that add to the traffic and congestion.
• Cost: Rome is a city with a high cost of living that can make your budget tight and limit your choices. It has high prices for housing, transportation, food and dining, entertainment and leisure, and other services and goods. It also has high taxes and fees that reduce your income and savings. It also has a lot of hidden costs that you may not expect or account for, such as tips, tourist taxes, or fines.
• Bureaucracy: Rome is a city with a lot of bureaucracy and red tape that can make your life complicated and frustrating. It has a lot of rules and regulations that you need to follow and comply with, such as visas, permits, contracts, or registrations. It also has a lot of paperwork and documents that you need to fill out and submit, such as forms, receipts, or certificates. It also has a lot of offices and agencies that you need to contact and deal with, such as embassies, consulates, or municipalities.

FAQs – Cost of Housing in Rome

What is the average cost of renting an apartment in Rome?

The average cost of renting an apartment in Rome can vary depending on the location and size of the apartment. However, you can expect to pay around €800-€1,500 per month for a one-bedroom apartment in the city center.

What is the average cost of buying a house in Rome?

The average cost of buying a house in Rome can vary depending on the location and size of the property. However, you can expect to pay around €3,000-€5,000 per square meter for a property in the city center.

What is included in the rent for an apartment in Rome?

The rent for an apartment in Rome typically includes basic utilities such as water and gas. However, it is important to check with your landlord or real estate agent to confirm what is included in your rent.

How much is the security deposit for an apartment in Rome?

The security deposit for an apartment in Rome is typically equal to two or three months’ rent.

How long is a typical lease agreement for an apartment in Rome?

A typical lease agreement for an apartment in Rome is three years.

Are furnished apartments available for rent in Rome?

Yes, furnished apartments are available for rent in Rome. However, they are typically more expensive than unfurnished apartments.

What is the process for renting an apartment in Rome?

To rent an apartment in Rome, you will typically need to provide proof of income and references from previous landlords. You may also need to pay a fee to your real estate agent or landlord.

How do I find an apartment to rent in Rome?

You can find apartments to rent in Rome by searching online on websites such as Idealista.it or Immobiliare.it. You can also work with a real estate agent who specializes in rentals.

What are some popular neighbourhoods to live in in Rome?

Some popular neighbourhoods to live in Rome include Trastevere, Monti, and Testaccio. These neighbourhoods are known for their historic architecture and vibrant nightlife.

Is it safe to live in Rome?

Rome is generally considered a safe city to live in. However, like any big city, there are certain areas that are safer than others. It is important to research neighbourhoods before deciding where to live.

What are some tips for finding affordable housing in Rome?

To find affordable housing in Rome, consider living outside of the city centre or sharing an apartment with roommates. You can also look for apartments that are not furnished or that require some renovation work.

How do I negotiate rent with my landlord?

To negotiate rent with your landlord, you should research comparable properties and be prepared to make a counteroffer. You can also offer to sign a longer lease agreement or pay several months’ rent upfront.

What should I look for when inspecting an apartment before renting it?

When inspecting an apartment before renting it, you should check for any signs of damage or wear and tear. You should also test all appliances and fixtures to make sure they are working properly.

What are some common rental scams I should be aware of when looking for housing in Rome?

Common rental scams include landlords who ask for money upfront without showing you the property first or who ask you to wire money overseas. You should always be cautious when dealing with landlords you have not met before.

How do I terminate my lease agreement early if I need to move out before it expires?

If you need to terminate your lease agreement early, you should speak with your landlord or real estate agent as soon as possible. You may need to pay a penalty fee or forfeit your security deposit.