Apartments for sale in Milan to live in and invest
The most interesting apartments on sale now, from an apartment in Baggio to one by the Columns of San Lorenzo, price per m² and yield by district, costs on top of the price and what a purchase gives for your status.
In 2026 a square metre in Milan costs about $6,400 (5,700 euros) by asking price, by district from $3,700 in Baggio to $12,610 in the centre. Long-term letting brings 4.7% a year before tax, up to 5.7% on the outskirts. An apartment in Baggio costs $118,000, and Italy does not give a residence permit for a purchase.
Below are the most interesting offers on sale now, price per m² and rental yield by district, and all the costs on top of the price. A manager will find a property for your requirements.
The market in brief
Data for 2026.
What apartments are for sale in Milan
The most interesting apartments from $118,000 to $404,000 in Baggio, Porta Vittoria, by Rovereto metro, in Navigli, Isola, Porta Romana and the centre. A manager will find an apartment for your requirements and send the documents, floor plans and similar options in the chat.
A 47 m² two-room apartment to renovate with a garden in the courtyard
$118,000
A 47 m² apartment on the 1st floor of a 1950 building with a shared gallery along the apartments, in a courtyard in Baggio, a residential district in the west of Milan: a living room with a kitchen, a bedroom and a bathroom. The apartment needs a full renovation, but it comes with its own garden in the courtyard, a utility room and a cellar, and the building charges are minimal. A square metre here costs $2,510 against the district average of $3,700, and the long-term rental yield in Baggio and Bisceglie is 5.7% a year.
A 45 m² two-room apartment with low building charges
$156,000
A 45 m² apartment on the 5th floor of a 1960 building without a lift in the Martini quarter by Porta Vittoria, in the south-east of Milan: a living room, a bedroom, a kitchenette and a bathroom with a window, a security door and central heating with radiator thermostats. The apartment is in good condition and comes with an attic store room; building charges are $1,350 (1,200 euros) a year. A new design school campus is being fitted out in the former city slaughterhouse nearby. A square metre here costs $3,470 against the district average of $5,770, and the long-term rental yield in the district is 4.7% a year.
A renovated 40 m² one-room apartment by the metro and Trotter Park
$200,000
A 40 m² apartment on the lower floor of a 1950 building with a lift in the NoLo quarter north of Piazzale Loreto, by Trotter Park and Rovereto station on the M1 metro line: a living room, an eat-in kitchen and a bathroom with a shower. Renovated, partly furnished, with its own heating and a cellar. A square metre here costs $4,990 against the district average of $5,450, and the long-term rental yield in the district is 5.1% a year.
A furnished 40 m² two-room apartment by Bocconi University
$241,000
A 40 m² apartment on the lower floor of a 1930 building in Navigli, between the Naviglio Pavese canal and Bocconi University: a bright living room with a kitchen, a bedroom and a bathroom with a window, parquet and double glazing. The apartment is in excellent condition and sold furnished, ready to live in or let. Tram 3 stops nearby, and Romolo and Porta Genova metro stations are 7-8 minutes on foot. A square metre here costs $6,030 against the Navigli average of $7,180, and the long-term rental yield in the district is 4.4% a year.
A 40 m² one-room apartment with a terrace and a separate kitchen
$280,000
A 40 m² apartment on the 1st floor of a well-kept 1970s building with lifts and a full-day concierge in Isola, by the former Farini freight yard: a large living room, a separate kitchen, a bathroom with a window and a spacious terrace. The apartment has just been renovated with new parquet and is sold unfurnished. A square metre here costs $6,990 against the average of $7,300 for Isola, Sarpi and Cenisio, and the long-term rental yield in the district is 4.2% a year.
A 35 m² studio by Piazza Cinque Giornate
$281,000
A 35 m² studio on the 4th floor of a 1920 building with a lift a short walk from Piazza Cinque Giornate, on the edge of central Milan: a living room with an open kitchen and a bathroom. The apartment is in good condition and partly furnished; the building has a concierge, and the apartment has a cellar. Shops and restaurants are nearby, and the Duomo is about 20 minutes on foot. A square metre here costs $8,020 against the district average of $8,270, and the long-term rental yield in the district is 3.9% a year.
A 45 m² two-room apartment in an old building by the Columns of San Lorenzo
$404,000
A 45 m² apartment on the 1st floor of an 18th-century building with a lift and a full-day concierge, a few steps from the Columns of San Lorenzo and the Darsena harbour: a living room with an open kitchen, a bedroom, a walk-in wardrobe and a bathroom. The windows face the inner courtyard, so the apartment is quiet. It is in good condition, the kitchen is furnished, and there is a cellar. A square metre here costs $8,980, 29% below the average for central Milan of $12,610, and the long-term rental yield in the centre is 3.3% a year.
How much a square metre costs in Milan districts
The table shows the average asking price by district from the index, September 2026. The city average is about $6,400 (5,700 euros) per m². The centre is almost twice the average, Garibaldi and Porta Nuova 81% above it, Palestro and Guastalla 67% above. Isola and Navigli are 13-15% above the average, Città Studi 2%, while Corvetto, Bicocca, Affori and Baggio are 24-42% below.
| District | Per m², $ | Per m², euros | 50 m² apartment, $ |
|---|---|---|---|
| Centro (Duomo, Carrobbio) | $12,610 | 11,231 | $630,000 |
| Garibaldi, Moscova and Porta Nuova | $11,490 | 10,240 | $575,000 |
| Palestro and Guastalla | $10,600 | 9,445 | $530,000 |
| Porta Genova and Ticinese | $9,230 | 8,226 | $462,000 |
| Porta Venezia | $8,960 | 7,986 | $448,000 |
| Porta Romana and Montenero | $8,270 | 7,368 | $414,000 |
| Fiera and Sempione | $7,850 | 6,992 | $392,000 |
| Centrale and Repubblica | $7,820 | 6,966 | $391,000 |
| Isola, Sarpi and Cenisio | $7,300 | 6,500 | $365,000 |
| Navigli | $7,180 | 6,395 | $359,000 |
| Città Studi | $6,490 | 5,779 | $324,000 |
| Porta Vittoria and Lodi | $5,770 | 5,136 | $288,000 |
| Pasteur and Rovereto | $5,450 | 4,854 | $272,000 |
| Corvetto and Rogoredo | $4,820 | 4,297 | $241,000 |
| Bicocca and Niguarda | $4,580 | 4,083 | $229,000 |
| Affori and Bovisa | $4,460 | 3,974 | $223,000 |
| Baggio and Bisceglie | $3,700 | 3,299 | $185,000 |
| All Milan | ~$6,400 | about 5,700 | ~$320,000 |
Data for September 2026: the average asking price of housing by Milan district and for the whole city from the index, September 2026. Dollars at 1.1225 dollars per euro (European Central Bank, 19 October 2026).
What yield renting out an apartment in Milan brings
Long-term letting in Milan brings 4.7% a year before tax on average by the asking price index for September 2026. Yield is highest on the outskirts: 5.7% in Affori and Bovisa and in Baggio and Bisceglie, 5.1-5.3% in Corvetto, Bicocca and by Rovereto metro. A square metre there costs $3,700-5,450, and a 50 m² apartment rents for $880-1,160 a month. In the centre, Garibaldi and Palestro the yield is 3.3-3.5%, and apartments there are bought to live in.
| District | Rent of 50 m² a month | Yield a year |
|---|---|---|
| Affori and Bovisa | $1,070 (950 euros) | 5.7% |
| Baggio and Bisceglie | $880 (790 euros) | 5.7% |
| Corvetto and Rogoredo | $1,070 (950 euros) | 5.3% |
| Bicocca and Niguarda | $1,000 (890 euros) | 5.2% |
| Pasteur and Rovereto | $1,160 (1,040 euros) | 5.1% |
| Porta Vittoria and Lodi | $1,130 (1,010 euros) | 4.7% |
| Navigli | $1,310 (1,170 euros) | 4.4% |
| Città Studi | $1,150 (1,020 euros) | 4.3% |
| Isola, Sarpi and Cenisio | $1,270 (1,130 euros) | 4.2% |
| Centrale and Repubblica | $1,310 (1,170 euros) | 4.0% |
| Porta Romana and Montenero | $1,330 (1,180 euros) | 3.9% |
| Fiera and Sempione | $1,280 (1,140 euros) | 3.9% |
| Porta Venezia | $1,420 (1,270 euros) | 3.8% |
| Porta Genova and Ticinese | $1,400 (1,250 euros) | 3.7% |
| Garibaldi, Moscova and Porta Nuova | $1,690 (1,510 euros) | 3.5% |
| Palestro and Guastalla | $1,530 (1,360 euros) | 3.5% |
| Centro (Duomo, Carrobbio) | $1,750 (1,560 euros) | 3.3% |
| All Milan | ~$1,250 (1,120 euros) | 4.7% |
Data for September 2026: the average asking rent and sale price index by Milan district and for the whole city, September 2026, rent for a 50 m² apartment. Yield is gross, before tax, building costs and vacancy between tenants.
An apartment in Milan can be let to tourists: it needs the national identification code, registration with the Lombardy region and guest details reported to the police, and guests pay the city tourist tax. Tax on short lets is 21% for one apartment and 26% for the second, and from the third apartment letting counts as a business. The yield in the table is calculated on long-term letting.
Tax on long-term rent is a flat 21%, or 10% under agreed-rent contracts, and a non-resident pays it in Italy. Rates and the tax on sale are on the page taxes in Italy.
What costs to add to the price of an apartment
The main payment when buying from a private seller is the registration tax: 9% of the cadastral value for a second home and 2% for a first home, but not less than $1,130 (1,000 euros). The cadastral value is below the market price and is calculated from the apartment's cadastral income. From a developer you pay 10% VAT instead, 4% for a first home. The deposit under the preliminary contract is part of the price.
| Payment | Apartment for $280,000 (249,000 euros) | Share of price |
|---|---|---|
| Registration tax from a private seller | 9% of the cadastral value, 2% for a first home, not less than $1,130 (1,000 euros) | of the cadastral value |
| Mortgage and cadastral taxes | $113 (100 euros) | 0.04% |
| Notary with 22% VAT | $2,250-3,260 (2,000-2,900 euros) | 0.9-1.2% |
| Italian tax code | needed before the deal | free |
| Total on top of the price and registration tax | $2,360-3,370 (2,100-3,000 euros) | 0.9-1.3% |
Data for 2026: the state sets the registration tax rates and the fixed taxes, and the notary's fee depends on the deal price. If a representative signs the deal, add a power of attorney with an apostille and a translation. A manager will find the cadastral value and calculate the costs for a specific apartment.
In Milan an apartment is checked before the deposit
A mistake costs more than the tax: a loft in a former workshop, a warehouse or an office by cadastre is sold as an apartment, or ownership without the right of use, an apartment with tenants, or one whose floor plan does not match the cadastre, and then the bank gives no mortgage and the notary cannot close the deal. The deposit under the preliminary contract stays with the seller if you back out. Murblz support removes these risks: we choose the apartment, check title, cadastre, permits and seller, arrange the tax code and handle the deal at the notary up to registration of title together with locally licensed partners.
The cost of support depends on the budget and goal of the purchase; a manager will calculate it in the chat.
Does an apartment in Milan give a residence permit
Buying an apartment does not give a residence permit in Italy. Your own home meets the housing requirement of the elective residence visa, while a stable income not from employment, about $34,800 (31,000 euros) a year, is confirmed separately. This visa does not allow work.
The investor visa is given for investments in government bonds, shares of Italian companies, start-ups and projects of public interest, and property is not on the list. You can buy an apartment without a residence permit: EU citizens buy on equal terms with Italians, citizens of other countries on the basis of reciprocity. All routes are in the article how to get Italian residency.
How we choose an apartment
- Goal and budget: living in Milan, letting, or both. The manager clarifies the district, the way to work, university and school, area and floor.
- The list: apartments at seller prices, with building costs and a yield calculation based on rents in the district.
- Checks: title and encumbrances, the cadastral category, whether the floor plan matches the cadastre and building permits, debts on building fees, tenancy contracts.
- The deal in person or by power of attorney: Italian tax code, the preliminary contract with a deposit, the deed at the notary and registration of title.
The list a manager sends in the chat, with seller prices on the date of the list.
Read also
- Investment property in Italy: what to buy and what it costs
- Apartments for sale in Rome to live in and invest
- Milan: city and relocation guide 2026
- Buy an apartment in Italy in 2026: prices, taxes, residency
- Taxes in Italy in 2026 for foreigners and expats
All countries and budgets compared - on the page Investment property abroad.
FAQ
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Don’t want to figure this out alone?
We handle the whole process end to end: we shortlist properties for your goal, run legal checks and support the deal through to registration. Ask your question in the chat: the free consultation starts right here. Legal representation before authorities and courts is handled by Murblz specialists together with locally licensed partners.
The Murblz consultant replies straight away in the chat on this page. Describe your situation and we will work it out together.
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