Quarto Oggiaro Offers Milan’s Highest Rental Yield for Investors

Property investors chasing returns in Milan may want to look past traditional hotspots in the city center and head northwest. Quarto Oggiaro, historically overlooked by buyers, has quietly emerged as the suburb offering the highest rental yield for investors in 2026, according to exclusive figures compiled by Immobiliari24.

The data comes as Milan’s average purchase prices climb ever higher—surpassing €5,100 per square meter in central zones—leaving buy-to-let investors searching for affordable pockets with strong rental demand. With wider economic uncertainty, and the city gripped by July’s record-breaking heatwaves, the security of solid rental income has rarely looked more appealing.

Old Reputation, New Realities

Once dismissed for its social housing blocks and peripheral status, Quarto Oggiaro is experiencing a transformation. Metro Line 5’s extension, connecting central Isola to Comasina and stopping at Quarto Oggiaro, has cut commute times to Porta Garibaldi station to just 12 minutes. The area now boasts fresh investment, including the recent refurbishment of Via Eritrea’s residential towers and new bike lanes linking to Parco Nord.

It’s no longer just students or lower-income families seeking out this quadrant of the city. Zona Quarto, a co-working hub near Via Aldini, opened last spring, and startup tenants have filled much of the commercial space along Via Michele Scherillo. "We’ve seen more inquiries for mid-term rentals from young tech professionals working in Porta Nuova but priced out of Navigli and Brera," says a manager at the local Tecnocasa agency.

Yield Numbers Speak for Themselves

Crunching the numbers tells the story: while average gross rental yield across Milan now stands at 3.9% (data: SoloAffitti, May 2026), Quarto Oggiaro outperforms every other suburb with yields averaging 6.2% for one-bedroom and 6.5% for two-bedroom flats. Typical purchase prices along Via Palizzi and Via Cogne hover between €2,100 and €2,400 per square meter—less than half what you’ll pay in Porta Nuova or even rising Isola.

Rental demand is sustained by the proximity to the Bicocca University campus and the Città Studi hospital complex, both accessible by tram and bus. Agencies report one-bedroom apartments near the Quarto Oggiaro train station letting for €950 a month, while two-beds achieve up to €1,250, often with waiting lists during the academic intake period. The rush is nudging up prices—the last quarter saw sales volumes in the suburb rise 18% year-on-year, according to FIMAA Milano statistics.

For established Milanese investors squeezed by Brera’s sub-3% yields or the surging prices in Navigli, Quarto Oggiaro stands out as a turnaround story where rent covers the mortgage—and then some.

What Investors Should Watch Next

Local agencies expect further growth in Quarto Oggiaro, driven by upcoming redevelopments around Piazzale Villapizzone and the planned cycling link to Parco Sempione. But buyers are warned: the window to buy affordably may be closing, particularly as international funds target larger build-to-rent sites in the zone. Anyone considering a purchase should move quickly, arrange independent inspections, and check both current rental contracts and condominium charges.

Milan’s ongoing demand for affordable rentals means fringe districts like Quarto Oggiaro may keep outperforming glam neighbourhoods for years to come. For investors, it’s unglamorous postcode—big return.