The ventilated shoe comprises an outer sole and at least two interchangeable inner soles. The inner sole in disposed in contact with and over the outer sole. The outer sole has ventilation ports at the toe portion and at the heel portion. The ventilation ports extend through the entire thickness of the outer sole. A support is provided to spacedly rest the inner sole over the outer sole in a manner to allow air to penetrate through the ventilation ports and to circulate between the outer sole and the inner sole. The inner sole may be air permeable and is used when the temperature is medium to high. Under cold temperature it is preferable to use an impermeable inner sole.