Milan Studio Apartment Prices Soar: Average Cost Hits €235,000

Milan, January 8, 2026 – Purchasing a studio apartment in Milan now costs an average of €235,000, making it the most expensive city in Italy for this type of property. This data, compiled by Casa.it, reflects a growing and highly fragmented market, with prices for studio apartments reaching a national high.

Milan’s Real Estate Market: A Tale of Two Speeds

The average studio apartment in Milan spans 39 square meters, with a price per square meter of €6,013, marking a 6% increase year-on-year. This surge indicates a structural shift in the market: studio apartments are no longer solely entry-level options for students or singles but have become coveted assets for investors, temporary workers, and buyers seeking rental income.

The location remains the most critical variable, with prices ranging from less than €80,000 in peripheral areas to nearly €600,000 in the city center. This disparity underscores significant differences in access to services, infrastructure, and opportunities across the city.

Central Areas: Premium Prices Dominate

Central districts continue to command the highest values. The Centro, Duomo, and Brera areas are the most expensive for studio apartments, with an average price of €595,302 and a price per square meter exceeding €11,500. Guastalla and Palestro follow closely, with an average price of €427,667. In these prime locations, studio apartments are considered luxury assets rather than basic housing solutions.

Below the €400,000 threshold, areas like Garibaldi-Isola, Corso Magenta, Solari-Tortona, and Centrale-Repubblica represent the high-end but not exclusive segment of the market, with average prices between €300,000 and €325,000. Factors such as urban regeneration, new business hubs, proximity to transport links, and high demand for short-term and medium-term rentals influence these prices. Here, a studio apartment, though small, holds significant strategic value, often purchased for investment due to the constant demand from professionals, international students, and mobile workers.

Mid-Range and Peripheral Areas

The majority of prices fall between €200,000 and €300,000, encompassing ten zones including Porta Romana, Navigli, CityLife, Buenos Aires-Porta Venezia, and Città Studi. These neighborhoods are well-connected, offer good services, and experience stable housing demand. Price variations within these areas indicate significant micro-differences. Here, a studio apartment often represents a compromise: expensive in absolute terms but more accessible than the historic center, especially for those buying for residential purposes rather than speculative investment.

For prices below €200,000, Milan’s real estate market shifts towards its historic and newer suburbs. Sixteen zones show average prices between €150,000 and €200,000, with some areas having prices per square meter below €3,000, such as Baggio-Bisceglie-Olmi.

The most significant price differences are found in the three zones below €150,000: Figino, Quinto Romano, Gallaratese, QT8, Trenno, Comasina, and Quarto Oggiaro. Here, studio apartments return to being, at least on paper, an entry point into the real estate market. However, factors such as distance from the center, quality of connections, and lower economic attractiveness remain decisive.

Milan’s real estate market continues to be a dynamic and complex landscape, reflecting both the city’s economic vitality and the ongoing challenges of housing affordability. The detailed analysis by Casa.it provides crucial insights for potential buyers and investors navigating this competitive environment.

Source: quifinanza.it