Also means
rental
Usage Note
Affitto is the rent paid for a property (pagare l'affitto = to pay rent). The phrase in affitto means 'for rent' or 'rented' (casa in affitto = rented house). Do not confuse with affittare (to rent out) vs prendere in affitto (to rent as a tenant). The plural is regular: gli affitti.
Examples
"Pago l'affitto ogni primo del mese."
Natural Translation
I pay the rent every first of the month.

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