The Basics of Renting in Milan

For 2024, the average monthly rent for a private room in Milan is around €685, while a one-bedroom apartment averages €1,200. These rates typically apply to long-term contracts (4+4 years), excluding condominium fees and utilities.

For stays under 12 months, considered short-term/transitional rentals, expect higher monthly rates. Securing a private room in the city center for a semester will generally cost €750+ per month before fees. Additionally, utility costs in Italy are higher than in many other countries, with electricity prices averaging $0.457 per kWh in 2024. Read more about the cost of living for students in Milan.

Understanding Italian Rental Contracts

Unlike many other countries, all rental agreements exceeding 30 days must be registered with the Italian Revenue Agency (Agenzia delle Entrate). The most common contract types include:

• 4+4 Contract (Contratto a Canone Libero): Standard rental contract valid for 4 years, with an optional 4-year renewal. Ideal for full-time residents, but impractical for students staying a few months.

• Transitional Contract (Contratto Transitorio): Designed for short-term stays between 1-18 months, making it the best option for international students and exchange programs.

Most student-friendly accommodations, such as private student residences and co-living spaces, use the Contratto Transitorio.

TOP TIPS FOR BOOKING ACCOMMODATION FROM ABROAD

It’s recommended to secure student accommodation before arriving in Milan. To avoid common pitfalls, follow these steps:

1. Understand Different Housing Options

• Online Marketplaces (e.g., UniPlaces, Spotahome): Charge a commission but do not act as landlords or offer local support services.

• Real Estate Agencies: Charge around 12% of the annual rent + 22% VAT but provide local support and contract mediation.

• Private Student Residences: Offer fully furnished rooms, co-living spaces, and support services specifically tailored for students.

• Airbnb: Ideal for short-term stays but legally limited to 30-day rentals without a contract.

• Youth Hostels: Great temporary options while searching for long-term housing. We recommend Madama Hostel.

2. Avoid Common Scams

• Never send money to private landlords you haven't met.

• Check if a rental agency or housing provider is legally registered (look for a VAT / Partita IVA number).

• Use your university’s housing list for recommended providers.

Finding Accommodation in Milan After Arrival

If you haven’t secured housing before arrival, here’s how to find a place while in Milan:

• Visit rental agencies near your university.

• Check notice boards in libraries and student centerss.

• Visit private student residences to explore available options.

• Meet private landlords in person before signing anything.

Always remember that it’s best to secure student accommodation in advance. Most accommodations are generally fully booked by the onset of the semester period. Students seeking accommodation in September, January and February will find very limited availabilities.

 Understanding SECURITY DEPOSITS

Wherever you rent, you will almost certainly need to pay a refundable security deposit equivalent to 2-3 months rent. Before sending any money:

• Sign a rental contract or preliminary agreement; If you haven’t yet registered your Codice Fiscale, you will only be able to sign a Preliminary Rental Contract.

• Ensure you have a Codice Fiscale (Italian tax code), required for official rental contract registration within the first 30 rental days.

• Document the property’s condition upon check-in to avoid disputes when reclaiming your deposit.The standard security deposit request in Italy is equivalent to 3-months rent. This can sometimes be negotiated down to 2-months but this is more unlikely for internationals, particularly students, who are often considered at higher risk of default and/or damages.

Need help with your student accommodation?

At The Nest Milan, we provide secure, student-friendly accommodation with short-term contracts, no agency fees, and local support services. Our fully furnished apartments are designed for international students looking for a hassle-free rental experience.